Today’s guest on the Consumerism Commentary Podcast is David Bach, author of Start Over, Finish Rich: 10 Steps to Get You Back on Track in 2010, a book in which David discusses getting out of debt in 2010 and how to make the most of the recovering economy. David is a former senior vice president of Morgan Stanley and has authored eleven bestselling books, most notably his “Finish Rich” collection of works. He is also the creator the “Latte Factor.”
Tom Dziubek speaks with David Bach about his latest book. You can visit David’s website and follow him on Twitter.
Production Number: S02E14
Segment Number: 56
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[00:00] Introduction from Tom Dziubek
[00:31] Interview with David Bach
– [00:47] David’s personal “start over” story
– [04:28] Taking advantage of the stock market now
– [10:01] The American dream of home ownership
– [14:20] Going beyond the “latte factor”
– [16:37] 10 steps to get back on track in 2010
– [19:39] David’s best money-saving tip
[21:13] End
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{ 4 comments… read them below or add one }
Wow, you were enormously prepared for that interview. That makes it so much easier for a guest and makes an interview flow really smoothly.
One thing that I might note about David’s investment strategy in March of last year is that his risk profile is totally different than that of an average investor. It sounds like he has a ton of money. So risking some on financial stocks back when we weren’t sure which banks were going to survive was a bet he could make without worrying about completely upsetting his future. I think most investors, who are barely saving enough to retire on as it is, probably wouldn’t want to go for those high-risk, potentially high-return bets. I’d much rather that person stick with index funds or ETFs.
Anyway, it’s nice to see him on the show. It’s really well produced.
Great job Tom and Flexo! Another FANTASTIC interview! Very inspiring.
Thanks David for being genuine. You on the personal finance blog circuit for us to do book reviews and giveaways? If so, let us know! You’re one of my favorite writers, and I’ve read every single one of your series.
Good luck with your new life!
Hey, thanks guys!
Kick ass interview. Short, sweet and hard to beat.