Are You Making the #1 Financial Mistake?

Posted on January 19, 2012 by David Bach

After ranking top 3 in GoBankingRates’s Favorite Financial Expert of 2011 Poll (by the way, thank you again to all that voted!) they asked me to answer the question: “What’s the number one mistake people make with their money?”

So, instead of just giving a plain, vanilla, written answer, I rolled up my sleeves and shot a video so I could show you what I believe is the #1 financial mistake out there and how you can avoid or fix it in less than an hour! In this video I walk you through how you can set up a system that guarantees you won’t have spent all your money on other things before you get around to putting your hard-earned dollars where they are supposed to go—to ensuring a richer future.

If you follow the action steps in this video and use the diagram that I show you, you will truly have a foolproof, no brainer, “set it and forget it” financial plan that, I promise you, will work! The plan to avoid this #1 money mistake is based on my New York Times Bestseller, The Automatic Millionaire and is updated for 2012. So, as I said watch the video, follow the diagram, it’s easy and, YES YOU REALLY CAN DO IT – so GET STARTED!

Hope this video helps you all and remember to let me know how great you feel once you “MAKE IT AUTOMATIC” by commenting below or on my Facebook.

Live Rich,
David Bach

TAM DIAGRAM PICTURE

59 thoughts on “Are You Making the #1 Financial Mistake?”

Frank on February 11, 2012 at 1:02 pm said:

I’m a contractor and direct deposit is not available for me. Also, the water company does not have online billing…small town USA
journaler on February 11, 2012 at 1:05 pm said:

Loved the video…wish I’d had this information 20 years ago.
Greg De Tisi on February 11, 2012 at 2:07 pm said:

Awesomeness David!:)
My Fiancee and I have been using your methods for years now with great success. So thanks so much for sharing this.
Great Work As Per Usual!
Best
Greg De Tisi and Lisa Whitlow!
Diane Haywood on February 11, 2012 at 4:25 pm said:

Thank you for finally making financial simple and understandable.I only wish I had this information 24 years ago…
Mona on February 12, 2012 at 1:29 pm said:

Thanks once more Dave for this great video. I noted everything you said and will make sure my fin. plan is more closely aligned to your advice. Thank you so much!
Froy on February 12, 2012 at 11:13 pm said:

Hi David,
I think you should be ranked 1st. I voted you because you are a trusted guy.
Thank you for the vid. Nothing could be more clear than you have exposed it.
Warmest regards.
Adeline on February 13, 2012 at 12:52 pm said:

Hi David,
I love this vidoe, after watching it i immediated setup bill pay for all my credit cards. I been looking for a way to simplify my finances and make financial management work for me. I’ve been trying to get my husband to open up a dream account, but he thinks