David Bech Essay Example | Topics and Well Written Essays - 500 words

David Bech - Essay ExampleThe Latte Factor is a term to accentuate the non-necessity driping we do such as getting latte everyday which are simple things we spend on without thinking if we really rent them (Bach, D., 2003).Chapter 3 centers on welcoming the idea of paying yourself first. stipendiary Yourself means setting aside a certain amount from ones paycheck and place it in ones savings before one busies themselves with paying bills. This kind of habit leave alone train someone to prioritize savings first and adjust ones lifestyle hence (Bach, D., 2003).In line with the last chapter, this chapter makes sure it happens. Making sure you regularly stick by on your savings, has a lot to do with making things automatic such as directly making your company deposit a certain amount of your paycheck to your savings account. With this, your savings will never be sacrificed (Bach, D., 2003).This Chapter teaches us to be financially prepared for emergency spending. Just like we wou ld automatically deposit on our savings account, one should also allot money for the showery days through opening a rainy day fund and/or investing money where it surely will grow (Bach, D., 2003).This chapter impresses on the need to stop renting a home and take the plunge to buy one. This might be sweep over but in doing the math, buying a house does not only lessen your spending in the long run but also increase your financial leverage and value (Bach, D., 2003).Get disengage of your credit card. This chapter suggests doing this to start an automatic debt-free lifestyle. The rule of thumb in spending is if you stick outnot pay it in cash, you cannot contribute it (Bach, D., 2003).This chapter teaches us that there is more to life than money. We should put high value of which not only with regards to what we can get from it, but rather what difference our money could do to help change the world for the offend (Bach, D.,