Take a photo of a barcode or cover
212 reviews for:
The Latte Factor: Why You Don't Have to Be Rich to Live Rich
David Bach, John David Mann
3.52 AVERAGE
212 reviews for:
The Latte Factor: Why You Don't Have to Be Rich to Live Rich
David Bach, John David Mann
3.52 AVERAGE
informative
inspiring
fast-paced
Some good information about investing early and compound interest. I'm not a huge fan of the "fiction-like" format for a non-fiction book. But that doesn't really take away from the sound advice and may work for some people. In fact, probably a good book to try to get my adult kids to read because of the format.
Did anyone else hate this book as much as I did? It's no surprise that David Bach and John David Mann both happen to be Baby Boomer white men. Good God, I'm shocked they actually had the gall to frame their message as some sort of allegorical impartition of wisdom to a doe-eyed, twenty-something, latte-chugging woman.
I'm horrified to see young women portrayed as this money-stupid, and I'm even more horrified to read them being "made smarter" by some older white men. I wonder what Jean Chatzky and my other money gurus think of this book.
Boiled down:
1. Stop drinking $5 lattes and eating $10-15 lunches each day.
2. Keep your eye on big goals.
3. Save automatically / "pay yourself first."
Simple enough. This book didn't require a Starbucksy narrative to draw me in, either-- wish Bach had assumed that level of intelligence among his readers. Wasn't this a best-seller? SMH.
I'm horrified to see young women portrayed as this money-stupid, and I'm even more horrified to read them being "made smarter" by some older white men. I wonder what Jean Chatzky and my other money gurus think of this book.
Boiled down:
1. Stop drinking $5 lattes and eating $10-15 lunches each day.
2. Keep your eye on big goals.
3. Save automatically / "pay yourself first."
Simple enough. This book didn't require a Starbucksy narrative to draw me in, either-- wish Bach had assumed that level of intelligence among his readers. Wasn't this a best-seller? SMH.
This was a very quick read and was a very relatable way to explain how small changes in your everyday finances can be invested to make you money in the future. I enjoyed that it was told in a story fashion with the "lessons" built in. I highly recommend it for people just starting out or for people who need a reminder of how small changes can lead to big payoffs.
informative
reflective
fast-paced
I had heard of the concept behind this book being trashed for so long that when I saw it in front of me on the library shelf, and when I saw how short it was, I picked it up.
So, I didn't hate this book, but it is not good. For anyone who knows anything. Maybe for my middle schooler, but she would not relate to the story at all. Not really sure who would.
I can't stop thinking about the fact that this person was so totally clueless about everything at the age of 27 and needed some type of mysterious fairy godfather to set her straight and contradict what her mom was telling her. ugh
0% relatable to what my life was at 27. Might have been more believable if she was 19 or 20.
And yes, all the things people say are bad about the book - are bad. If you don't have money to spend on things, you don't have things to cut out in order to save money. And some people spend money on dumb stuff for good reasons and don't need some time of old dude judgement.
So, I didn't hate this book, but it is not good. For anyone who knows anything. Maybe for my middle schooler, but she would not relate to the story at all. Not really sure who would.
I can't stop thinking about the fact that this person was so totally clueless about everything at the age of 27 and needed some type of mysterious fairy godfather to set her straight and contradict what her mom was telling her. ugh
0% relatable to what my life was at 27. Might have been more believable if she was 19 or 20.
And yes, all the things people say are bad about the book - are bad. If you don't have money to spend on things, you don't have things to cut out in order to save money. And some people spend money on dumb stuff for good reasons and don't need some time of old dude judgement.
informative
fast-paced
Good for those who are just starting to learn about basic economics and finance. Made into a fun, short story with a lot of good information.
Basically author wants to say that we are all rich but we don't realize it. In this book he gives three secrets to be wealthy.
1 - Save small amount of money regularly and consistently
2 - Stop using things which aren't very important to you, like if you don't watch Netflix but you just subscribe its services that someday you'll watch it, so don't subscribe it
3 - Now live like rich person
1 - Save small amount of money regularly and consistently
2 - Stop using things which aren't very important to you, like if you don't watch Netflix but you just subscribe its services that someday you'll watch it, so don't subscribe it
3 - Now live like rich person