Smart Couples Finish Rich : 9 Steps to Creating a Rich Future for You and Your Partner by David Bach.

This is the second book I have read by David Bach, the first being Start Late, Finish Rich : A No-Fail Plan for Achieving Financial Freedom at Any Age. A lot of the information is the same in both books. This book has more information on record organization. One of the main concepts in Bach’s book is the Latte Factor, a term he created to describe the types of spending on non-essentials such as $5 lattes, and going out to dinner 5 nights a week, and things like that. By reining in this kind of spending, money can be saved which can be invested and can compound into huge sums of money over time. He also describes how the couple should save their money in three different baskets (Retirement, Security, and Dream). He stresses that people should make use of their 401k and IRA accounts where pre-tax money can grow tax free. He also discusses insurance. Then he gives the ten biggest financial mistakes that couples make. The final chapter he talks about how to increase your income by getting a raise. He describes the steps to go through to maximize your chances of getting a raise. This is a great book. I highly recommend David Bach’s books for people looking to improve their financial situation.
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