How To Turn $15,000 Into $1.6 Million Without Adding Another Dollar | David Bach

Description

🚀 FREEDOM 2026 Get your Tickets Today! https://freedomevent.com David Bach is a ten-time New York Times bestselling author and the man behind The Automatic Millionaire. In this episode, David and Tommy break down why $3,000 a year saved from age 15 to 19 beats saving from 27 to 65, the one hour a day rule for retiring a millionaire, why a tech making $250,000 can still be broke, why owners should buy the building their business is in, and David's idea for a flat tax on IRA accounts. Get The Automatic Millionaire, 20th Anniversary Edition ⟶ https://davidbach.com -- 🕐 TIMESTAMPS 🕐 -- 00:00 - Introduction 01:37 - The Number One Rule: Pay Yourself First 03:17 - Save One Hour Of Pay A Day 03:57 - How 565,000 People Became 401(k) Millionaires 06:46 - The Myth About Investing Aggressively When You're Young 07:32 - Tommy's Roth IRA At 16 08:56 - What $20 A Day Becomes 10:06 - The $27.40 A Day Leak 13:38 - The Corvette Ride That Started It 16:19 - Born To Spend Or Born To Budget 18:15 - A Lesson At McDonald's At Age Seven 24:10 - Homeowners Are Worth 40 Times More Than Renters 27:31 - Why A Garage Door Is Worth Financing 28:29 - Buy The Building Your Business Is In 30:04 - Wealthy But Not Free 31:49 - Why High Earners Start To Resent Their Jobs 32:49 - Making $250K With Nothing Saved 35:25 - The Chart: Start At 15, 19 Or 27 39:33 - Why David Holds Zero Private Equity 41:07 - The Advice He Wishes He Had At 20 45:01 - Batteries Included People 48:11 - $46 Trillion Sitting In Retirement Accounts 50:42 - The IRA Flat Tax Idea 58:37 - Social Security In 2033 1:00:48 - Why The Trades Aren't Going Away 1:01:40 - The Barber Who Saved 75% Of His Income 1:04:55 - What Money Taught David About Himself 1:08:10 - Discipline And Non-Negotiables 1:18:05 - What People Said At His Father's Funeral 1:25:00 - The 20th Anniversary Edition 🚀 FREEDOM 2026 Get your Tickets Today! https://freedomevent.com Check Out My Social Media: Tiktok ⟶ https://www.tiktok.com/@officialtommymello Instagram ⟶ https://www.instagram.com/officialtommymello/ Faceb