Tuesday, June 18, 2019

The Latte Factor: Why You Don't Have to Be Rich to Live Rich by David Bach


Rating: 4 of 5 stars
Length: 03:59:00
Narrated by: Mizuo Peck, David Bach
Published: May 2019 

This quick read was recommended to me by a good friend. Similar to the style of Who Moved my Cheese, The Latte Factor by David Bach is a small book that packs a powerful punch. Told in story form, the author offers a 3-step solution to attaining financial freedom.

The book is told in such a way that any reader can comprehend. You don't have to be an investor or a math whiz to understand and put his advice into practice. My main issue with this book is that for this practical advice to work, you have to already be at a certain place in life. You must have a stable, consistent income where you have the ability to buy lattes (or whatever your guilty pleasure might be) so that you can give them up. You will get no argument from me: Putting aside ~$300 per month in an interest-bearing account will help you go far, but there are simply a lot of people who don't have that "extra" $300, and it's not because they are buying lattes, or cigarettes, or whatever. It's because they are paying the light bill, or the mortgage, or buying school supplies for their children.

While I think the advice is common sense and easy to put into practice, you have to be starting at that level. Having said that, I think this book is probably best for a recent graduate who doesn't have an enormous amount of debt or financial responsibilities or maybe someone who is about five years into his or her career. The author might want to consider a slightly different approach for other target audiences.

Recommendation This book is a quick read (or listen) with some valuable advice. I just don't think it's a one size fits all type of solution. Thanks to the Fort Worth Public Library for the borrow!

Until next time ... Read on!

Regardless of whether I purchase a book, borrow a book, or receive a book in exchange for review, my ultimate goal is to be honest, fair, and constructive. I hope you've found this review helpful.

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