The Mello Millionaire with Tommy Mello Save Smarter, Live Richer: Practical Investment Tips with Financial Expert David Bach
Dec 5, 2025
David Bach, bestselling financial educator behind The Automatic Millionaire, shares practical wealth-building habits. He discusses paying yourself first, automating savings, and the power of compound interest. He covers simple investment choices like target-date and index funds, homeownership and real estate advantages, tax-smart retirement strategies, and the importance of relationships and discipline.
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Start Roth IRAs Young And Small
- Start Roth IRAs early and fund them consistently to capture tax-free compounding.
- Small daily savings like $20 can grow into millions by retirement at typical market returns.
$10,000 Stack Demonstration
- David used a $10,000 cash stack to show people how little daily waste adds up to big losses.
- He found $27.40 a day is enough to blow $10,000 a year on small purchases.
Use Your Phone To Automate Wealth
- Smartphones can automate savings and investing or, conversely, facilitate constant spending via subscriptions.
- Use phone apps as 'money-making machines' to automate your financial habits.
