Let’s continue our discussion of the information found in David Bach’s second book, Smart Couples Finish Rich. In a previous post we went through the first three steps of Bach’s nine steps to creating a rich future for you and your partner. The first three covered evaluating your current financial situation, what your top 5 core values are and how these affected your financial goals, and established some basic financial truths.

Step 4: The Couple’s Latte Factor

This next step addresses a fundamental problem affecting every American household, the problem is not the income, it’s what you spend. Here we can “learn how anyone can become wealth on practically any income.” (more…)