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

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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.

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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