Marie Forleo introduction


I'm Marie

You have gifts to share with the world and my job is to help you get them out there.

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There was a time when reaching for my checkbook was an anxiety producing act.

Once I opened it up, I became engulfed with guilt and fear and shame. “There’s not enough this month. I don’t know how I’m going to do this…”

Eventually, that pattern became unacceptable to me. Other people were able to effectively manage their money — but clearly, I wasn’t one of them!

So I did what I always do when I find myself in pain. I promised myself I was going to figure this thing out. That I was going to do whatever it took to educate myself, change my patterns and finally create healthier and wiser money habits.

I became a woman on a mission. And one of my very first teachers was a man named David Bach.

He didn’t know he was my teacher, of course. But I chose him, likely for his perfectly-written-for-me title, Smart Women Finish Rich.  

When your values are clear, your financial decisions become easy. @AuthorDavidBach Click To Tweet

Over the years, David went on to pen 11 consecutive national bestsellers reaching millions around the world, all with a singular devoted focus: helping normal people like you and me get our money lives in order in a way that’s aligned with our most treasured values.

Today, I’m thrilled to have David on MarieTV. It’s one of those full circle moments, and a rich conversation filled with practical information for you and those you love.

In this episode you’ll learn:

  • Why you shouldn’t start with “the numbers” if you want to get better with money
  • The biggest money mistake most of us make and how to fix in in less than 60 minutes
  • A seven-day strategy that’ll remove your money mysteries (especially if you say where the heck does it all go?!?)
  • How to ease money tensions at home: what to say for couples and families
  • Blunders that more “advanced” folks make with their money that you want to keep watch for
  • Why David decided to step away from his rewarding empire and the invaluable lessons he learned

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Check out this episode on The Marie Forleo Podcast

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Now, David and I would love to hear from you.

What’s the single biggest insight you’re taking away from today’s episode and, most importantly, what action will you take – right now – to strengthen your relationship with money?

Share as much detail as you can. Thousands of incredible souls come here each week for insight and inspiration and your story may give someone else the ‘aha’ they need to move powerfully ahead.

Important: share your thoughts and ideas directly in the comments. Links to other posts, videos, etc. will be deleted as they come across as spammy.

Money is a companion that walks by our sides throughout our entire lives. It’s not something anyone should feel guilt, fear or shame about.

It’s simply a form of energy that, when properly understood and treated with respect by loving, compassionate people, can do tremendous good in this world.

Thank you for reading, watching and sharing with such love. Our community continues to be one of the most vibrant, thoughtful and supportive places online.

P.S. Keep you eyes open for an email from me with something a little bit different next week. It’s a subscriber-only kind of thing.

With so much love,


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  1. Hey Hey Hey! I love David Bach. I met him back in 2001 at University of Dreams. He gave away his book Smart Women Finish Rich. I was 20 at the time and eager to plan and think ahead. I have scrupulous notes in his book and it hooked me at an early and ripe age for financial planning. David, I’m forever grateful for you showing up to support Eric Lochtefeld in building his dream, while impacting the lives of so many young people!

    • Amina

      Yep, I’m a physician, PhD and working on international health policy which I love in London (UK) but it’s time for me to take a Sabbatical and explore new opportunities. To all those American folk, I’m taking anywhere between 2 and 12 months! So go for your 6 weeks!!! Plan for it and do it. You’ll feel as though you just grew wings and are ready to fly.

    • I would definitely love to read a book about how to take a sabbatical and “getting more life in our lives” as David said!

      As an entrepreneur, I just finished launching my first product and I spent most of the time locked in a dark room on my laptop. Afterwards I felt like I just needed a 24 hour nap, some wine and just blobbing out in front of the TV for a while to relax and return back to life.

      And even though it’s my first launch, and this is how you learn. I definitely don’t want this to be my reality every time something big is happening in my business. I’d definitely like to be balanced about it all and take regular sabbaticals! 😀

  2. Marie, do you read minds? As I asked my husband today if there was money left in his account to pay for our car loan, I asked myself “why are we always so short on cash?”. Sure, we started a company recently so we invested a lot but my grandmother has an almost invisible monthly budget and somehow she seems richer than me. And here comes Marie and another enlightning episode. I’m so happy to have come across your website a couple of years ago. Love from Portugal. Lia.

    • Chelsea - Team Forleo

      Lia, we love that you came across our website a couple of years ago and have been tuning in ever since. And we’re delighted this episode came at just the right time for making some money changes. David’s tips are so incredibly helpful and life-changing.

      Thank you for watching!

  3. Love David and his work! I can confidently say I’m a wealthy woman without any shame or guilt because of David and his books. The day I opened my dream account was one of the best days ever. Marie, I love that in talking about your own money journey you say, “Money in my life has been a tool for healing and for good.” Beautifully put!

    I want to see more women feel empowered about their money. Love, love, love this episode Marie! Bravo.

    • Chelsea - Team Forleo

      So glad to hear it, Natalie!

  4. This is soooo good! I love David Bach. I really struggled with money. Then I found that the money blocks I had were not rational, not conscious and that my money blocks (and most people’s money blocks) are unconscious. When I did the work to clear them at the unconscious level, it became much much easier. I love what David said, we are all perfect – at the core of who we are – it’s the mental blocks that we’ve picked up through life that get in the way and most of these are unconscious.

    • Tay

      Right Holly!
      He articulates exactly what I realized. People always think it’s woo-woo but so many people have mental blocks and fears surrounding money. I was one of them too. Raised with the “scarcity mindset.”

      Money is one of the most powerful tools I’ve ever aligned myself to use. And David is FULL of practical advice on aligning with and gaining it.

      Thank you SO much Marie!

  5. Marie, this is right on time! And, it’s just when my husband and I started reworking our budget last night. I need to forge better money habits as it seems to slips through my hands! How appropriately said? “Money is a companion that walks by our sides…it’s simply a form of energy…” I will keep that and the points of this discussion in mind when moving forward. Thanks for what you do!!

    • Chelsea - Team Forleo

      Wonderful, that’s the perfect takeaway Keisha. Thank YOU for watching.

  6. Gina L.

    I think that this is really great for people who are in the middle class or higher, or spend income on extraneous things, or have any disposable income and are using it, but for those with low income, this video is not helpful. I usually find the videos on this site really applicable to everyone, but I think this is only really helpful if you’re middle class or higher.

    I say that for a few reasons:

    1. 10% towards a retirement account is impossible when the total amount you make goes towards paying rent, cc minimums, and utilities.

    2. $5 or $10 a day is also not possible for the same reasons as #1. Sure, if you’re making $50,000 a year as a single adult with no children, small minimums, and very little student debt, and you’re buying Starbucks every day, and you’re not saving any money, that’s a problem.

    But if you’re married, and the two of you make less than $40,000 combined, and you have a child, and you have immense college debt, and sizable cc debt, and you don’t buy coffee out, because you already know you can’t afford it, I’d love to know how $5, let alone $10, is possible.

    3. Automation isn’t always possible. My husband’s employer does not offer direct deposit. Period. And it’s not just impossible for his paycheck. This month our electric bill is so high we won’t be able to pay the full amount, and that’s keeping it rather cold. We used to keep it at 60 degrees in the winter because it was the only way we could afford it.

    I hate to say this, because I usually really love Marie Forleo videos, but I sort of find this video classist. It assumes you even have money that you’re spending on stuff you “don’t really need.” And while I’m sure many many people who watch these videos do… not everyone does.

    It made me wonder, does this mean that anyone who makes so little they can’t do any of these tips won’t ever be rich?

    • Hi Gina! Feeling your frustration and I get how some of the tips are hard to implement or just might not make sense (i.e. Automatic deposit just isn’t happening for your husbands paycheck). Thank you for sharing the reality of most people that can’t do all of the steps Something that really stood out to me about David’s points were the items that don’t have to do with physical money at all, like finding out your why, why do you want more money and digging down to the lowest level until you can’t ask why anymore, figuring out your values and seeing if your spending is getting you closer or farther from them, money dates – holy cow actually spending time together with hubs and dreaming and talking about what’s going right. When those are in place then starting to look at which of the steps listed we can do. That gets me excited. We might be able to do all of the tips but like David said $1 here or there not even daily, is a step In the direction you want. Best wishes to you!

      • Chelsea - Team Forleo

        Lana — so beautifully expressed!

      • Gina L.

        Lana, Thank you for reminding me about the first point — the “why”! I have to admit, when the other points started coming in, and all seemed impossible, I forgot the first point, which, as you said, is really important to figure out and not based on income at all. Money dates as well would be really great for me and my husband to have. While we are incredibly frugal, and don’t have discretionary income, it would be helpful to have them to talk collectively how things are improving/ if they’re not, and what we can do next. Thank you for taking the time to respond to my comment, and for highlighting the points that are not based on money, and can be helpful for everyone!

    • Tay

      Hi Gina!

      As someone who came up from nearly $100,000 in college and cc debt and spent several years living off food stamps with a $30,000 a year job, I challenge you to shift your mindset.

      The latte factor doesn’t need to be literal. Do you have a tv? Can you sell it? How can you lower your cost of living AND make more time for income producing activities?

      Spend more time on your “why.” What makes you feel alive? What can you teach and monetize? When you know what that is, a plan for action is clear and easy. Can you update your resume to negotiate a new job or raise? Can you find a part time job teaching something you love? Heck, you can get paid teaching people English over skype with very few requirements.

      Don’t limit yourself. Apply concepts at a scale that works for you.

      I’ve been there. Up at night in tears, angry at all the stupid mistakes and not sure how I’ll eat or pay rent.

      But there is a way out from that feeling. Shift to focusing on ONLY what you DO have (skills, talent, network) and what you CAN do (network, teach a skill, update resume, etc.). And it’s easy to do once you are clear on your “why.”

      Good luck, and much love to you and your family!

      • Gina L.

        Hi Tay, Thank you for taking time to respond to my comment. I do agree that it’s largely about mindset, but I don’t agree with selling off some of the few things that I have, or taking on certain jobs that won’t help my greater good.

        One of my whys is because I want to be an author, so much of my time is spent working on a few different novels and memoirs that I hope, once completed, will get accepted by an agent, and then to a publisher. And if not, trying another project, and another.

        I know that many people on Marie’s site are focused on creating more traditional entrepreneurial businesses, but for me, I realized (the hard way) that my business was a middleman getting in the way of what I really needed to be doing — writing my books.

        So while I acknowledge that I am making a choice to not taking on financial opportunities for my time, because I’m developing something that will (hopefull) pay off later, I also believe there are other people, dealing with similar financial restrictions for different reasons, and even working on a business (as a woman below mentioned she was) experiencing these same problems (which is why I commented.) I also believe that if they had talked just a little more, during the segments I brought up, about how it’s not always possible, and how certain amounts are better than nothing, it would have felt more understandable for me.

        Again though, I appreciate you responding to my comment, and agree that the “why” is big and important.

        • Tay

          Hi Gina,
          Thanks for opening up the discussion, I agree that the topic wasn’t explored thoroughly.

          The progression style of the conversation was meant to include everyone from a range of financial situations, but there just really wasn’t time to discuss all of the depth I think that it deserved.

          I suggested selling something because most people have lots unneeded items they don’t think about. TV popped into mind because lots of people mainly watch tv on netflix or what have you, and probably could be spending television time doing an income-producing activity anyway (in your case, writing, perhaps).

          Good on you for following your mission! I am curious about why it is important to you to become an author? What does this do for you? For the world? It is important to me to become an author as a part of a whole mission to gain influence and change the education system. How about you?

          A great start on getting your work published and making sales is to check out Nick Stephenson. He helps authors gain a loyal, paying audience. His free stuff is fantastic and his emails always give a great kick in the pants to keep writing.

          All the best to you Gina!

          • Catherine

            Hi Tay,
            I just wanted to put a bug in your bonnet about the education system that clearly isn’t functioning properly. I have read a few posts about guided meditation (quiet time) being implemented in a couple of troubled schools and the amazing improvements made for the students with their concentration, self-confidence, behavior and their grades. I have no connections to pass this on to, and I have no idea what path you are following for change, but I just had to share this with you as I have hopes that our children and their children can learn a better way. Good luck in your efforts!

        • Cindy

          Hey Gina,
          I’m really relating to what you are saying – I’m an artist too. Have you read Elizabeth Gilbert’s new book, Big Magic? I thought it was genius. It helped me to gain a new perspective on making art, making money and all the rest.

    • Heyee Gina – I totally get where you’re coming from, there!

      At the same time, I have a smaller income than you talk about, and found the tips from David really constructive: it’s not about the individual value – of course someone with a huge income like 200,000 per annum could put 10 aside per day…
      But it’s about the dynamic and intention – even if you saved 50c per day, in a year that’d become 182.50 per year – or a dollar would be $365.

      Anyone can be entrepreneurial – we all have to use what we have, and begin from where we are right now 🙂

      Starting small means starting small, but there are ALWAYS always things we can economise on – e.g. by buying dried beans and sprouting them, which makes a much larger source of readily available live proteins and enzymes.

      If we start looking at what we CAN do rather than what we CANNOT, then we find ways. I grew my own food for many years, and saved huge amounts of money, which freed me up to paint and create more. And if there are folks being entrepreneurial in third world countries, I think we should be getting over our fears and getting on with the hard work.

      Since I moved to Italy, I’m able to enjoy a relatively luxurious lifestyle on a shoestring – I found a way: I moved into an abandoned medieval quarter, pulled myself up to a good standard of living by sheer determination and blood, sweat and tears, and without a partner or family supporting me. And all with very little income – occasionally with periods of absolutely no income.

      I made it happen, because I so wanted it, and was able to carve out a happy way, by doing things like not going for a morning coffee and croissant in the bar – even though this only cost 2 euros! It’s all about whether or not you want it, and how much you want it – how much you’re willing to go for it 😀

      The internet is CHOCK FULL of advice about how to live both frugally and freely – good luck with the good work! 🙂

      • Gina L.

        Hi Clare,

        First, I appreciate you taking time to comment on my post! I’ve read each one, and am responding to each one because they mean a lot to me.

        I completely agree about finding ways to be frugal — I keep a produce garden, eat mostly vegetarian and even vegan to avoid the cost of meat, and keep mostly dried beans to make it go farther.

        And those things keep me having a full emotional & soulful life. But financially, they just keep things possible for me to continue, and not grow.

        I agree that we control our destiny, and can make things happen the more we focus on the why, but with 4 years of making less than $15k a year, it can be hard to see it happening.

        Your home in Italy sounds beautiful, and I’m happy to hear you’ve been able to find a way to make everything work for you. I hope that by continuing to work on my why and having money dates with my husband we’ll figure that out as well.

        • Thanks for your lovely reply, Gina! Could I recommend further, a book like Kate Northrup’s Money: A Love Story? Marie has done interviews with her, and her work around letting go of poverty mentality is truly brilliant. I had so much frustration with my seemingly impossible rut of low income for so many years, but there are always ways in which being grateful for what we do have can bring us to a wider panorama and a multitude of ooportunities – I’m doing her #moneylovechallenge again this year, and it’s super-productive for getting our relationship with our finances in order – it helped me bridge from where I was then, stuck and genuinely concerned about my very survival, to where I am now – still earning only 7K per year, but feeling like I am rich and abundant!

    • Kaylee H

      Gina – I am with you on this, though our lives sound vastly different. I am without children and self-employed (living my passion) and it seems like I’m always living off last-month’s income and just praying that something will come up so I don’t end up at zero or in debt. Sometimes at the last second, something comes through to make ends meet, but I’ve had to dip into my retirement savings more than a few times just so I’m not running up cc debt. This leaves me in a state of panic almost constantly, waiting for the phone to ring, especially since I haven’t been able to replenish the savings I’ve had to dip into.

      I have other random jobs working “for the man” but I never take on many hours because I want to stay available for when the dream stuff comes up, which means these paycheques barely take the top off my monthly expenses. I’m a meticulous budgeter and exceptionally frugal and have my monthly expenses as low as they can possibly go, but the thought of saving 10% for retirement is like a punch in the gut to me. That sort of trust?!! And what if saving that 10% means I can’t pay to live right now? (No lattes for me, ever)

      So, I have to agree with you that this video, while I find it inspiring, seems to be speaking to a certain piece of the pie graph that I’m not a part of, and that’s depressing. Especially since so much of Marie’s work is inspiring one to create the business and the life they love. To me that means working towards your dreams and passions and not resigning to work for the man for 50 years and hopefully have something to live off and maybe take a vacation with in your old age.

      Marie, I find so much of your work inclusive and uplifting and I do want to create the business and the life I love. It breaks my heart that I feel so queazy over this particular video, especially having read Bach’s books in my college years and really trying to commit his ideas to practice. Thanks anyway for striving to inspire.

      With love from Canada,


      • Gina L.


        Thank you for responding to my post. I have a feeling that there are other women and men who might have different circumstances, but might feel the same way, and that is why I decided to comment on this video.

        You are not alone in your struggles. I do have to also point out what the first woman, Lana, said, which is focusing on the why, and having money dates.

        Even if those money dates are with yourself, I bet they can be really productive to sit down, and do a little check-in with yourself to see where opportunities may be coming in.

        As someone who has been struggling with money for over 4 years, I completely understand where you’re coming from. And wish you all the best in continuing to figure it out!

        • Thank you Gina!
          Just so you know, I was one of those women who was feeling overwhelmed, but not brave enough to say anything. But I plugged into this thread, and analyzed the strategies at a deeper level for myself.
          And I found a latte factor! Mine is turning out the light as soon as I leave a room!
          Also, I realize this is absolutely a middle class latte factor, because there are people in the very city where I live who don’t have electricity or running water. Even though it feels tight, I have so much to be abundantly grateful for.
          Anyway, thanks for making me think deeper.

    • Gina,

      Thank you for bringing this up. The growing inequality gap, in this country and around the world, is something I’m passionate about helping to solve.

      It’s a topic I actively study, it’s something I act on politically every single chance I get.

      And, while I also appreciate the other commenters sharing their points of view (which are extremely valid, and I believe, worthy of your consideration Gina) — there is a ton of validity to what you’re sharing as well.

      A few things I’d love you to know.

      1. When I’m deciding topics and guests for the show, we work really hard to *not* have it be classist. We (meaning myself and my entire team) are aware of the extraordinary systemic economic and social injustices that exist in our society and, we look through that lens as we make creative decisions at every level of our company. We’re far from perfect, but this is something we all care about, and consistently think through.

      2. We’re also aware of the incredible diversity of our audience. With an audience in 193 countries and territories, across every age, race, faith, and economic strata — it’s something that never leaves our hearts. One of my challenges is always this: how to continue to create relevant, accessible, action-oriented, uplifting content — that is true to who I am, and of service to our audience. We’re not able to make everything relevant for everyone all the time, but you should know that it’s something that we always consider.

      3. If you’ve been a viewer for a while, then you know one of our passions is using this platform to make the world a more equitable and prosperous place for all. We can’t solve every problem, but we do fully use our assets (our platform, resources) to shine a light on people, groups and initiatives that are working to solve global inequality. Our most recent episode with Laila Janah of the Sama Group, or our episode on A Path Appears with Nick Kristof& Sheryl WuDunn are just two that come to mind.

      4. Please do make the time to read the other replies to your comment – they offer some respectful and insightful ideas to consider in answer to your last question.

      Thanks again Gina, I am truly grateful for what you shared as you’ve given me a chance to express something here I haven’t had a chance to before. AND, I do hope we’ll be able to continue to serve and inspire you moving forward.

      • Gina L.

        Hi Marie,

        Thank you for taking the time to respond to my post. It definitely means a lot to me, as all the comments did, that people are reading what I had to say, and responding to them.

        I think there are/ were opportunities for this video to reach those with lower incomes. Lana, the first commenter, definitely helped me remember the points of the video that could apply to others.

        And I’m definitely glad you had the space, because of my comment, to talk more about the efforts you and the Marie Forleo team take to ensure that videos, content, and the like, are going to reach as many people as possible.

        Upon thinking on it more, I think there were opportunities for it to be discussed in the moment. “$5 or $10 a day, or, if you can’t do that, even $1” — It’s not quite as tweetable, but it doesn’t help make it accessible to everyone. And if he didn’t bring it up, asking, “What if that’s actually not possible for you?” provides that opportunity.

        I do know about other processes that are possible. (I had a prior life coach teach me about a process that only had you save $.01 up to $3.65 a day, for the year.) And I do appreciate you taking to the time to reach out and share what you strive to do with your work.

        Thank you Marie!

        • Gina L.

          Oh, and I’ll definitely be focusing on my “why” and having money dates with my husband. Those points were definitely helpful and I really appreciated them being a part of it! (Forgot to say that in my other comment!)

        • Gosh, if I could reach across the screen and SQUEEZE you right now Gina, I would!! You are 100% right about the $1 per day and, I love you for sharing that exercise of saving $.01 up to $3.65. So, so relevant and so so smart. Again, huge thanks for being YOU and sharing yourself so brilliantly here. With all my love XOXO

          • Tay

            This thread is amazing!!

            What an amazing community of people (mainly women!) speaking thoughtfully, openly and learning from each other.

            Thanks again Gina for opening up the discussion!

            Much love to you Marie!

      • I love seeing your values set out like this, Marie. I think one of the hazards of interviewing people is that an audience assumes you have a total alignment with the interviewee, rather than an openness to learning as much as you can from the ideas they have.

        I’m unsure of a couple of terms used (perhaps U S specific?) 401k (I’m assuming not income) and IRA (lrish Republican Army?!).

        • Amy

          Both 401(k) and IRA are retirement savings plans (or schemes in other countries). Section 401(k) of the U.S. internal revenue code is where the 401(k) plans name is from, as it defines the rules. This is usually company sponsored and may or may not include company contributions. IRA is an Individual Retirement Account, set up by an individual.

          • Thank you so much for the clarification, Amy

        • Caroline - Team Forleo

          Hi Miranda! I do believe that those may be US specific terms, although I’m not very familiar with international retirement accounts. There are quite a large number of different types of retirement accounts in the US, so even for those of us who are pretty financially savvy, it’s pretty complicated. 😛

          A 401(k) is a retirement plan that is set up through an employer, so a designated percentage is withdrawn from the employee’s paycheck and put into a retirement account before taxes are taken out of the paycheck. Some employers offer matching contributions too, so the account can grow faster. The employee usually gets to choose where the investment goes — like stocks, bonds, funds, etc.

          An IRA basically just stands for Individual Retirement Account. A traditional IRA comes out pre-tax like the 401(k). There are a bunch of other kinds of IRAs too that can come out AFTER tax and there are a myriad of reasons that could be helpful for people, but that really starts getting down the rabbit hole! 🙂

          I hope that helps, especially if you’re looking for parallels types of accounts in your own country!

          • That was terrifically helpful, Caroline. Many thanks.

          • Brett

            Hi Miranda. Here in Australia it’s called superannuation/salary sacrifice. The employer pays into the fund of our choice 10% on top of our wage that we access at retirement or the employee can add extra from the after tax portion of their income. Love your work Marie. Always look forward to my Q and A Tuesday email. Cheers folks

    • Hi Gina,
      I understand what you’re saying.

      My husband and I had a baby and we’ve have had a hard time. People have straight out not paid us for work we’ve done, or taken half a year to pay us, and in the meantime it hurts, because its not even about you any more. You feel like they’re robbing your kid which is really painful. Plus we live in Colombia, so automating hasn’t been easy, and legal systems have been unfair.

      But lately I’ve been reading Victor Frankl’s book Man’s Search for Meaning (1946), and so much of what I love about that book is also on Marie TV. In the book Frankl talks about the psychological mechanisms he used to survive the Holocaust in order to find meaning in struggle, and to basically help mankind with whatever they’re struggle with wherever. (He says suffering in humans is like gas in a vacuum, it expands to fill the space, so he believed the lessons he learned from his suffering, apply to everyone. However you have to take lots of breaks to cry while you read it.)

      But there was one technique that I use all the time. When he was working in the labor camp (which he details in the book) he said he became fed up with thinking of survival needs and forced his thoughts upward. He started to imagine himself standing in a warm lecture hall in a University, lecturing on the psychology of the prisoners of the concentration camp. And low and behold, he survived the prison camp, wrote the book, and went on not only to lecture, but evolve our understanding of human psychology.

      So when I read your question, does this mean that anyone who makes so little they can’t do any of these tips won’t ever be rich? I thought of that story, because I do that. I imagine myself in the future, having a more fun and comfortable conversation about money (like the one Marie described), and talking about all I’ve learned from the hard times, and even how I appreciate what they taught me.

      That said, I usually devour the Marie TV videos specifically about money, and this has been one of the most helpful. I took notes on everything, and with baby steps plan to implement it. I figure if Viktor Frankl could imagine a better situation and dream for the future, I can have at least a fraction of the audacity he did. 🙂

      • Hi, Emily,

        I’m loving all the comments and I especially appreciate yours. Thank you for taking time to share your thoughts. It’s easy to get weighted down with very real circumstances and feel they are unchangeable. Better to “look up” so to speak and get different perspective.

        Thanks again!

        • Thanks Marilyn,

          That’s so nice of you to say. I was feeling embarrassed because I wrote so much. I’m so loving that book. But I think the reason this thread is blossoming because it’s such an essential and brave question in response to a great video:
          Does this mean that anyone who makes so little they can’t do any of these tips won’t ever be rich?
          Lord I hope so, because that’s kind of the whole point, and the current situation (globally) JUST WILL NOT DO.
          BTW: I didn’t mean to say “I live in Colombia” and then say a negative thing. Living in Colombia is awesome, and I give a huge dose of gratitude every day for living in one of the healthiest, most ecological, and most family oriented countries in the world.
          Peace and love,

      • Emily, thanks so much for your wonderful comment about Victor Frankl. He has always been one of my personal heroes, as he found meaning in his own life, and helped everyone to find meaning in their own. I believe he also wrote on a wall in the concentration camp, “Don’t let the bastards grind you down”. And I this is a simple, yet powerful message that it speaks to faith, perseverance and trust. For me this means relying on a power greater than myself, regardless of my circumstance in life and this is what really makes all the difference for me, not about how much or how little I have or what is happening within and around me.

        Cathrine Meyers

        • Thanks Catherine,
          I didn’t know that, love that story.

    • Kara

      Hi Gina,
      I so hear you sister. For about 5 years I was working a part time job (my full time job was cut in half) and just scraping by. I don’t have kids but I’m also single so I only have my income. My job paid my rent and one of my utilities and that was it. I scrambled to do odd jobs (cleaning, gardening, teaching adult interest classes at my local community centre, whatever I could find) to pay for gas and groceries. I regularly listen to/study all kinds of money stuff and take whatever I can from it, but I too always felt they weren’t talking to me. And that just reinforced my feelings of shame that I couldn’t even afford coffee out, let alone redirect that to savings. So I did what many of the other replies suggested; I cut wherever I could (I have a cell, no landline. I don’t have cable – can’t stand watching the mindless stuff on TV anyway – just internet. And one winter I took my car off the road and used my bike – I’m in a temperate climate – so I saved on insurance and gas.) I went through my home and closets and took stuff to consignment stores or put it on Craigslist. In the meantime I focused on internal work to clear any scarcity consciousness. My #1 strategy was to continuously count my blessings; I’m healthy, I live in a beautiful place, I have people in my life I can always count on… so many things to be grateful for. Then something shifted last year. I got offered a 2nd temporary part time job and my income doubled (for a while) so I decided to try something I’d never been able to do before, at least for as long as I could. I started transferring 10% of my paycheque into my savings account as soon as I got it. It was the first thing I did. I wouldn’t pay bills or buy groceries before I made the transfer. Then I’d pay bills etc and I knew I would have to take money back out of savings to pay bills before the next paycheque but I kept track of all the transfers out of savings too. The next paycheque 1st transfer was 10% of income, 2nd transfer was to return what I’d taken out since my last pay. Then I’d pay bills etc and take out what I needed from savings again. Now this may seem crazy and complicated but it really wasn’t and the main reason I (still) do it is to train my brain to always pay myself first. And now, even though I still make very little over and above my bills, I’ve still managed to save almost $1000. And this has created a 2nd mindset shift; I’m now extremely protective of my savings. If I have an expense I need money for, I will do whatever I have to, to create the money rather than take it from savings. So all this is to say that, I know what it feels like to feel like there’s no way any of these money tricks apply to me, but actually they do – you just have to be super creative about it and find the tricks that work for you to shift your brain into a new possibility. I’m nowhere near where (presumably) many of Marie’s audience members are financially, but I’m 100 steps further than where I was and I have way more faith in myself and what’s really possible when you just won’t say ‘uncle.’ Onward all my sisters! 🙂

      • Kara wonderful response! You are a shining example of what it means to make the most out of what you have, and how having gratitude is the secret to happiness!

        Thank you for sharing your story.
        Catherine Meyers

      • Sarah

        Hi there, I absolutely ADORE this thread, even more so because it’s so full of light and help. Most comments sections are where the trolls live. But I particularly love your comments Kara, because they’re so inspiring and I related to them. I bought my first home before the crash, when money was easy to get. I was on a low, single income and with the high interest rate, had $100NZD per month for food. I couldn’t even afford an internet connection, so I had to go into work every weekend to do my university assignments (I worked full time and studied full time by correspondence). But I did what you did – I scrambled, I fought, I budgeted meticulously and I negotiated creative ways to pay bills. And when I eventually got a promotion and the interest rates came down, I could breathe again. Loved reading your story – a reminder for everyone to keep the faith and keep working on your mindset because better things are on the way. Peace xo

    • Annette

      Hi Gina,

      Reading your post and your responses to the other posts, I feel compelled to say you have some wonderful qualities money can’t buy; and they are gratitude, honesty, insight and intelligence.

      Thank you for your grace and wisdom.


    • I agree, Gina, the Latte Factor isn’t something we’ll be able to use to get out of debt or save a significant amount either. But the idea of tracking your spending and becoming clear about what you want in life and how you want to live your life will make dealing with money (no matter how little it is) easier. Growing up, we didn’t have a lot, but we never knew it because my parents didn’t focus on what we didn’t have and we did lots of wonderful FREE (or nearly free) things like visiting the library, playing outside, gardening (yes, even in pots), taking walks and hiking, swimming, making up stories and drawing and just having long conversations. Do you have cable television? A cell phone? Other monthly/regular services that aren’t really necessary? There’s usually someplace to cut back once you’ve defined what you really want and need. But I do understand that classist feeling. That’s something that’s not going to go away soon in our consumer-based economy. But that’s another topic.

    • Helen Marie

      I love this thread too! Even more than the video – which was great, but the first half also did not apply to me, living on so little that there is barely enough to pay the bills let alone buy lattes… My latte factor for the last two days was easy – nada! No spending at all, unless you include 2/7 days worth of rent & bills & food, cooked from scratch (the best kind).

      However, i loved the way Marie & David absolutely lit up when talking about the Sabbatical: Yes, please more of this! I love Sabbaticals, or the concept anyway – learning, travelling, discovering new things within and without. My last ‘Sabbatical/holiday’ cost very little as i went wwoofing – not overseas, just ‘up north’ on a cheap bus, and it was the most transformational 10 days in my last ten years… But i digress.

      My reason for replying, is simply to say, while this particular video may not be apt for your situation, there are lots of other vids on MarieTV that maybe are (i know because i’ve been binge-watching them, trying to improve my money psychology 🙂 ). The interview with Elizabeth Gilbert was particularly insightful as to her relationship with money, as a creative, and i also recommend reading Big Magic some time, for some interesting perspectives. (And it’s free to borrow from a public library, presumably).

      Your “money dates with yourself” suggestion is perfect – i am going to do this! Money exists in a different part of my brain to everything else – and it’s a place that i rarely choose to go to – so making time to deal with it is going to be essential for getting out of student debt & thriving financially… I also wonder, Gina, if your underlying issue is similar to mine – and that is around *receiving* money – or receiving in general. Personally I don’t have a spending problem, but i find i have resistance to asking for money, charging for my work, and receiving money (and gifts, compliments & criticism!), due to my various beliefs and emotional reactions – whether inherited from family/society or self-created. I would happily live in a moneyless world! But that probably ain’t gonna happen any time soon. (As an aside, i can make money for other people/orgs – so i do know it’s about my issues, rather than my abilities).
      The Marie TV interview with Marianne Williamson had a number of keys to unlocking those issues in it also, if any of this rings true for you also… It’s all a journey.

      Thanks for initiating this discussion, Gina – i certainly related to your response, and appreciate all the gorgeous comments that followed.

      Wishing you all abundance, in whatever form it manifests… 🙂


  7. I think this has been one of my favorite episodes. I took a little “sabbatical” from watching, but you have me hooked once again. Such a meaningful topic and such heartfelt presence in both of you. So inspiring! You get me every time!! Thanks for what you do!

    • Chelsea - Team Forleo

      Welcome back! 🙂

  8. Gisela

    Thank you. This was so inspiring, I’ve been tracking all my daily expenses for almost 2 years because I have been working part time, it’s been tremendous to know where I stand each day. What I will add going forward is to pay myself also and I plan to take 6 weeks off in 2016.

    I love your spirit and show.

    Best regards, Gisela

  9. I decided to take a year-off the 9-to-5 as well and have been traveling around Europe and Asia for the past 8 months. For the next 4 months I’ll be going to South America and launching a Spanish language immersion. So if you like David Bach’s idea of taking a 6 six-week sabbatical, come on down to learn Spanish while you enjoy the Latin lifestyle. You’ll definitely feel richer there especially those of you who are online entrepreneurs in the US and UK.

  10. Laara's

    Great show!! QUESTION: David had mentioned some tools he was going to provide for organizing finances. Where do I find the links?

  11. I never buy drinks out! It is the biggest waste of money. Everything I buy I think about if the object is a liability or an asset! Thank you!

  12. Today’s episode is exceptional! You touched on each of the values that feel so very deep rooted and absolutely necessary. I am taking the two-part challenge. I’m not sure how to create the rest but I am committed to figuring it out. Thank you for inspiring me and the world of listeners.

    • Chelsea - Team Forleo

      Michelle, it means the world to us to know that this sunk in deep, and we can’t wait to hear about the goals you set, and shifts you make around taking up this challenge.

  13. good common-sense stuff.

  14. Alixandrea

    The whole ‘latte’ thing annoys me. I don’t spend the £ equivalent of $10 per day on anything like that. People say, ‘save this amount and it really adds up!’ But I don’t have anything like that to cut back on.

    • Me neither! But I found other things 2 years ago. For me it was the hair dresser (not every day but it’s expensive enough to add up), waxing and nails. I do everything myself now and I only go in special occasions. I am sure you will find something you actually don’t need to be happy. Good luck 🙂

    • Caroline - Team Forleo

      I hear you, Alixandrea. I don’t have any daily expenses like that myself that I could cut down on either (I make coffee at home!). Maybe it might be worth considering other things in your life like subscription services (magazines, websites, etc), or even more intermittent spending on things that isn’t serving you?

      As an example, I used to spend $8 per month on streaming TV/movies and while I liked the service, I found I wasn’t using it. Since it was essentially wasting $8 per month, I’d rather save that or use it for something I do actually love and use.

      The most important part is really just being conscious about where we spend and if we find things that we don’t love that take even small amounts of money out of our pockets, those are places we can turn those expenses into savings.

      I hope that helps!

  15. Alison Muxworthy

    Watching video today from Devon in the UK and found it really informative. I have always been a big spender ( won’t burst into song!) but have just started a new business which is my only income. Hardly making any money at the moment so I found so many of David’s tips very helpful. Especially liked the stopping doing a budget which has never worked for me. Have just ordered two of the discussed books from Amazon (both for under £6!) so looking forward to reading more of his advice. Thank you Marie.

    • Chelsea - Team Forleo

      Wonderful, Alison — you’ll love them!

  16. Callie

    Great Video! David keeps so simple- I can actually wrap my mind around it! Our spending is eating out…holy crap it’s a lot and we are gonna start paying ourselves back 🙂 stating this Friyay!

  17. I loooove conversations about money.

    I think that the more conversations like this we have, the more empowered we become. Money should not be taboo in 2016. Thank you for being a part of this growth. This changes us as individuals and as a community.

    And as a result of this interview I commit to sorting out my retirement account, which got neglected while I was transitioning from a 9-5 to working for myself! 🙂

  18. Oh the nuggets!!!! It’s like money is swirling around me, I am doing Kate Northrups 21 day money love challenge and now Marie is all over the money topic! I’m on cloud 9:) I second the automation and paying yourself first. My dad always told me to pay yourself first because no one else will. A big take away for me is setting up your family for success with a will and also being conscious of the fighting. How often are there fights in front of your kids and what is it modeling for their future relationship with money? Thank you Marie for bringing David Bach on and getting is on the money mindset!

    • Chelsea - Team Forleo

      Lana, love your share! How exciting that you’ve opened up your world to new financial possibilities and goals while sponging up Kate and David’s wisdom.

  19. Krystal

    Loved the convo. I’m all for the sabbatical life. To me that is an ultimate sign of success (freedom).

  20. Last weekend my youngest son noticed he was out of cash and I told him he had spent too much money at school for coffee, lunch and snacks; not just one day but everyday. I told him -again- he’d better taken lunch and snacks from home. Listening to David Bach I realized I also spent a lot of money at the age of 18 when having an after-school-drink in a cafe with my friends. Every time I pass that cafe I think they might have painted the whole building because of my expenses. But…. we had a great time and I would not have missed it. Good times, creating wonderful memories is more worth to me then my bank account. Fortunately my husband thinks the same. When we started our own businesses (age 26), we decided to work 4 days and have a 3 days weekend. Our parents didn’t understand because since we were young and strong we could better work 6 days but we didn’t want to get used to earning more money. We have always loved our leisure and we are easily satisfied.
    Now, at the age of 52, my husband still works 4 days and I work about 3 days. We only spend the money we have, we still love the house we first bought and we only need one car. When our children were at the age of 4 and 6 I took a sabbatical year and we all loved that time together. We traveled a lot and after that year I chose another profession. Every year we have four weeks off in the summer, two around Christmas and one in May and that’s very common in the Netherlands. You only live once and we decided to invest in moments and new experiences.

  21. Great conversation, David and Marie!
    Definitely will take the challenge as soon as you provide the link.

    One challenge that I’d love to hear about from David is for us Boomers: What to do when your adult children are the latte factor in your lives!

    Seriously, that’s the only financial value system my husband and I disagree about. We’ve build wealth pretty much as described in the video, but we disagree about adult children’s “needs.” I’m done with being the “bank of Mom and Dad!”

    Thanks for all that you do!
    P.S: We are both having nightmares after see the movie “The Big Short” yesterday. So I loved David’s advice about investing only in vehicles that are liquid and that can be explained with paper and a crayon. (loved the Jenga blocks in the movie)

  22. Cj

    Your email was so timely, as this morning I logged onto my bank account. I have enough money to pay next month’s rent. Then what? I have spent time over the last year to transition to being of service work and starting my non-profit. It has been a huge financial sacrifice (I am tapped, totally), and the most rewarding work at the same time.
    I started JXXX WXX (which is my middle name) as I lead my life as an example of a loving co-existence co-parent relationship with my daughter’s father, whom I never married. I still never have married, but my non-profit is to create a family intensive workshop to reverse parental conflict in extreme and moderate high conflict cases, also to offer adults (who survived parental conflict) a process and way to reconnect with an estranged parent, and resilience training for social service workers who work with the families. Nothing exists in the State and region where I live… “Criticize by creating.” – Michelangelo.
    I know that I will figure all this out, but man ! The weight of it. I will watch the video and can’t wait to learn better financial management.
    Thanks, Marie – you are a ray of sunshine for me today.

  23. Yulia

    Hi, Marie! Thanks for such a great topic and such an inspiring conversation! I have heard of David Bach a lot from my mom when we both lived in Russia (she lives in Czech Republic for over 5 years and I live in NYC now), was about 10 years ago or more. I remember his books in our apartment and I can tell, my mom learned a lot and taught and inspired other people to manage their money thanks to David’s book as well!
    Interesting, that me and my husband figured our “Latte” thing about a month ago which was alcohol out!:) so, for our health and for savings we decided to go “alcohol free” till July! Can’t believe we actually did it but I feel so great about it! So healthy and so much money saved in a long run! The “will” thing is being trained here quite hard by the way too! ☝?️? Our next vacation can be definitely upgraded thanks to this new “Latte” challenge 🙂

    • Chelsea - Team Forleo

      Yulia, what a fantastic realization and goal! So excited for you guys.

  24. Catherine V

    Can’t begin to tell you how VALUABLE I feel this presentational chat w/David Bach was, except THE BEST clip I’ve ever seen of yours! This is momentous in changing the culture of life, so that people can actually BE PRESENT in their own lives. So much was here to ignite that thinking process. TU for providing the platform for such an amazing “nugget” to leading better, more fulfilled & abundant lives !

    • Chelsea - Team Forleo

      Thank you, Catherine!

  25. What a great interview Marie! It was my first hearing about David Bach and I took copious notes and look forward to applying his advice. I am going to take the 7 day challenge and can’t wait to determine my latté factor. Thank you!

  26. LOVED this episode! Thank you so much for sharing this with us. Thank you so much for all the info and tricks, David. I’m starting my dispenses tracking today.

  27. Heather

    Hey Guys! I soooo loved the information…can’t wait to devour one of your books Dave! I loved too that you said NOT to go to a budget, but go to values and check my spending alongside my top 5 values! I will jump on that now! woohoo!
    So here is my deal…I am frugal, I am in debt, I am an entreprenuer and in 1.5 years we WILL have money as my hubby will be making more money(finishing residency and will have a great salary), as long as he doesn’t die…lol…yes we do have a Will AND life insurance 🙂 So, I have decided to go into further debt because I am in the belief that it is an investment into my dreams and creating a life I love. So here is my question; how much risk is too much risk when you are always digging a small hole every month to chase your dreams, but that hole is just to live(bills, mortgage, & food)…Not to go out, I don’t buy lattes, or anything extra really truly, but maybe some new undies?! Any good food for thought on this Sitch-ee-Ation? Like, do I wait 1.5 years for my hubby’s income, and then go for it?!! xoxo, Heather
    ps. I love you Marie, you have been a deep-seeded inspiration for me to pursue my dreams!!!!

    • Chelsea - Team Forleo

      Heather, one of the biggest things that I love about what David shares is that there is always something we can do/change/start right now. He has some fantastic worksheets at the link below that I think you’ll love working with as a start. Below that link, I’m also putting the latte factor calculator so you can have fun seeing the impact of a few dollars over time.

      Thank you so much for your kind words — we’re honored Marie serves as a source of inspiration for you.

      • Heather

        Why thank you for the response! I will check those links absolutely.

  28. Andrea

    Hello Marie, Thank you to both you and David for the wonderful conversation. Everything, from money conversations with your spouse, budget/not budget, to taking a sabbatical resonates with me. I am 48 years old and “retired” 6 months ago from a senior educational leadership position. I felt retiring was my only choice to do what my heart was yearning to do at this time in life – be a wife and homemaker. Like David and his wife, my husband asked me what I wanted and, like David wanting to be a Dad, I wanted to be a Wife. I understand the fear of stepping away from a career and paycheque that one has worked so hard to build. But, I explored my values and what was important and they provided the most authentic answer, hence my “retirement”. Only the future will show how long it lasts! To date, no regrets.
    I think knowing and honouring your values are key to serving your life purpose in ALL aspects.
    Thank you for confirming how to live rich!

  29. Marie, I love this episode, thank you so much!
    You really gather the Best of the Best in your TV Show
    and I appreciate you for this 🙂

    Love listening about “money science”, helps me to crack
    down still existing rests of limiting believes in me.

    Last few days I am thinking about what I heard in one webinar:
    “Sell this what are you spending the most money on!” There is
    something to this…

    Love & Peace,

  30. I want to share with you what changed my financial life: Kakebo.
    Kakebo is an old Japanese system to track your expenses. It’s like the 30-day challenge David told us today, but every single day and every single month of the year. I have been doing it for 2 years now and I save 50 to 60% of my income (and I DO NOT have a 6 figures income, but some day 😉

    I buy a book that is like an agenda but you can do it yourselves

    • Chelsea - Team Forleo

      Wonderful, Silvia! Thanks for sharing.

  31. RE: Sabbatical – our country definitely needs a change of heart to allow everyone, at every level of employment to experience paid sabbaticals. It’s unfortunate that so many working people don’t take time off because they fear losing their job. It is a sickness, not only from the employee view, but from the corporate view. Their employees would return so much happier and productive, which only benefits their company; it’s a REAL investment in their people. Good on you, Marie, for doing this for your company! Keep leading the way!

  32. Suzie

    Great program. I totally agree with Dave and am in the middle of my 6 week sabbatical and am finding my vision is clearer as to what I want to do with the next phase of my life…
    Good stuff.

  33. Delia

    Hi Marie,

    I love your discussion about money. You also asked for feedback and personal experience. Here is mine.
    You know when you have a child and go shopping they always ask for something new, when you pass a cheap toy shop they ask you to stop and buy them something like toy , a ball, a balloon, etc to keep them happy. This habit could cost you a lot. So what I did with my 7 years old child is this: occasionally I get him some cash (birthday, Christmas, etc) so when we did the shopping and he asked again for a new toy I stop saying NO so I said yes, I can pay 1/2 if you put the other 1/2 of price from your own money. I can tell you for sure that in more than 50% of time, your child will give up the idea of having that new toy because he/she doesn’t want to spend his/her money on it. So I bought good toys when I consider and not cheap every day a new thing for the sake of having a new thing just because we passed the cheap toy shop.
    I hope this will help others. Cheers Delia

  34. I LOVED THIS VIDEO! Thanks, Marie!

    I am not that familiar with David Bach, but I found his energy and message to be incredible. Thank you! I am going to start with tracking my expenses today!

    • Chelsea - Team Forleo

      Love it, Lisa!

  35. Noemie

    I love this episode. I’ve decided that 2016 is the year I will educate myself about money. Right now, I don’t have any latte factor. I live very frugally, I don’t spend much besides utilities and the groceries. I put 10% of my income + extra money towards my debt (my student loan). I put 16% in an emergency fund, only 3% for retirement, 8% in my kids’ college fund and I tithe 10%. The lessons : get a will (I know we have to do it especially with kids), put more money into retirement and think more about myself ( save money for my dream). Thank you for the inspiration.

  36. Hi Marie,
    I found it interesting when you both were talking about taking time off from work. And by the way, I would LOVE for David to write a book on how to do this, I hope he is able to read this comment. My husband is very similar to how David was before his sabbatical off from work…tired, unmotivated, etc. I would love for my husband to take 6 weeks off (at least), but here is the problem we keep running into. He has a lot of school/education debt, and it’s something we’re slowly paying off but it’s a huge crunch each month. He works for the government and because of that he is lucky to be part of their loan repayment program. If he works for the government for at least 10 yrs, with no interruptions in work or loan payments, then the government pays off the rest of the loan after a certain point. This loan repayment program is something we think is very money-smart, because school loan debt is miserable. The only other way I can see him taking a sabbatical from work would be saving vacation/sick time for a few years. It’s hard for us to do that because we cherish our small annual vacations and all of our family lives across country. Does David have a suggestion for this type of situation? Perhaps it’s something he could include in his book.
    Thanks so much! – Julie

    • Caroline - Team Forleo

      Thank you so much for sharing your thoughts here, Julie. Hopefully David will indeed write a book about how to take a sabbatical — I think it could be such a huge benefit to so many people.

      In the meantime, if it’s not quite realistic just yet to consider a longer sabbatical, you might consider ways to bring some of the benefits of a sabbatical into your and your husband’s life right now. Maybe that could look like committing to having a full weekend truly 100% off the grid once a month and only doing outdoors activities or something enjoyable. Or maybe for 6 weeks in the summer, having every evening after work be totally off the grid.

      There may be ways to bring that sense of presence and relaxation into your lives right now, even as you’re considering the possibility of a longer sabbatical in the future.

      It’s great to work toward longer vacations when they’re possible, but I agree that it’s not always great to sacrifice things you really love in the short term.

      I hope that helps drum up some brainstorming ideas for you, and we’ll definitely keep our fingers crossed that David will write that book! 🙂

  37. I really enjoyed this video! It enforced my conviction on my values and offered new insights on how to make money work for me.

  38. Mimilette

    What if u’re in e midst of a transition? Just laid-off, facing getting redundant, being told that u might be laid off? Obviously can’t fulfill all those, without even an income and burning cash daily just by living, wherever u r? (Moving costs too)

    • Chelsea - Team Forleo

      Hi Mimilette! It sounds like you’re in the middle of facing some challenges, and sometimes transitions can make our financial goals take a backseat so I completely hear where you’re coming from in this moment.

      One of the most beautiful parts about David’s tips is that even just implementing one tip or tool he offers can have a tremendous impact.

      You might love spending time with his worksheets at the link below to get the lay of the land in your financial landscape and most importantly, your goals:

      There’s also a whole page on his site of other free resources: Starting with figuring out where you truly stand now is huge and sets the stage for the future.

      Sending our best for riding these transitions you’re in the middle of.
      xo Chelsea

  39. Marie, this was my VERY favorite episode! I have been following David for over 15 years now and LOVE his books. Thanks so much for having him on and I will be upping my retirement plan this week!

    • Chelsea - Team Forleo

      Go Michelle!

  40. Tamara

    This year I decided my resolution was “PRESENCE” finally understanding that this is the key to everything. It will help in all goals: family, finance, making a difference, health, fitness. It is the umbrella of it all. And…sabbaticals are so restorative.

  41. I think this is going to be a game changer. Thank you both Marie, David, and the whole team out there!

    What I’m dying to see are the links that David referenced on this page regarding the Finish Rich Filesystem. May we have them?

    Thanks a mill.

  42. Been following this kind of thought process for years, and it all does make a difference! Though, we still struggle sometimes with balancing living ‘now’ with other goals – like the sabbaticals, particularly when ‘real life’ hits unexpectedly (i.e. putting money into vehicle maintenance & repairs, etc.)

    Life IS short – so while memories and experiences top our list of priorities – we also aim to place value on each day. This doesn’t necessarily equate to spending money every day…. But we do like to stay open to ‘going for it’ with opportunities that are aligned with our values. Sometimes – it still comes down to choosing to put the funds toward one or the other in a given month, rather than having an ability to consistently move toward both.

    Figuring out creative ways that you can begin to consistently move toward all those goals/ values on the regular is key! It may mean some hustle at the start (as with starting your own business) – but knowing you’re heading toward aligning yourself with your core values is motivating. As long as you stick with staying true to yourself (and move toward allowing the money to come through in those ways as well) – it’s the right direction for you.

    I also feel like when I’m able to remain in a place of gratitude for where I am currently – I can use that energy to move forward toward the next milestones. Maintaining an abundance mindset is also muy beneficial. And upholding a level of TRUST…. in the Universe and myself. *[Must remind myself to do that on the regular too!]

  43. Lisa

    Thanks to you both. Love your show Marie xoxo

  44. Thanks so much!!! The financial stuff got very real this year as I ventured out to start my own business. So much to think abut and plan for….this was great foundational insight!!

  45. Thank you, thank you, thank you.

    You do not know how I needed to hear this today. I am truly bless to be part of this community where I can learn and grow.

    As I write this now I have tears in my eyes as David has hit the nail on the head. I have been craving and yearning for a sabbatical for the past couple of years but I am so scared to think of planning one.

    I am fearful that I wont have enough money to support myself and my family, I am fearful that I wont have my job when I get back and mostly I am fearful that I will not be the same.

    I dont need to be fearful any longer. This has given me the tools to start planning and saving for this through the latte factor and automating my money.

    At the beginning of this year my husband and I wrote down what our goals are for 2016 and that one that really came up now is – Manage money well. This episode has spoken so much truth and wisdom into this goal at such a precious time of the year.

    Thank you, thank you, thank you!!!!!!

    • Just a little additional encouragement: I’m a freelancer and was terrified to take my first extended break…all the same fears you just listed above. But I knew I needed it and I did it – taking a month off in the Swiss Alps to hike and think and just be…and it was one of the best decisions I ever made. Not only was my health and happiness improved, but I ended up shifting career direction and writing a bunch of books! I don’t know if it would have happened if I kept trudging along and working all the time.

      So, encouragement, sister!

      • Wow Gigi. Thank you for your encouragement.

        I have heard so many wonderful stories of how people have taken a leap of faith and found themselves. That is what I want and need. The stumbling block has always been how do you prepare for this?

        • Caroline - Team Forleo

          Robyn, that’s got to be one of the biggest stumbling blocks in terms of taking time off! 🙂 As each person’s needs will differ dramatically depending on their life circumstances and what they intend to do during the break, preparations will look really different. For example how someone planning to travel the world during a sabbatical will likely need to make different plans from someone who wants to stay in one location.

          One thing you might like to try is grabbing a pen and paper or your journal and list out all the things that could be problematic for taking a break (not just financial). Then you can go through that list and find solutions for each one. For example, if you need a certain amount of savings before going on sabbatical, your plan would be to raise that amount. Or if you have an apartment or house that needs tending to if you’re away, you can create a plan for housesitters, subletters, etc.

          By writing down all the obstacles and creating a plan, it can give you the concrete goals you’ll need to meet to make your sabbatical a reality — and it might even find it’s more doable than you think! 🙂

          • Thank you Caroline from team Forleo,

            You have made some valid points.I have set up a white board in my office and writing down all the stumbling blocks that I see. I know that we tend to over think things from time to time, so getting out of your head and onto paper should give one more clarity.

            After reading some of the comments from other people I see that money isn’t only my stumbling block but everyone’s regardless of the pay check at the end of the month. Like Marie and David both point out its a mind shift from just surviving to prospering.

    • Chelsea - Team Forleo

      Robyn, we’re so grateful to hear that David’s work and his shares today on MarieTV deeply resonated with you. We love that you’re open to listening and utilizing these tools to really work at your goals and vision for the year ahead — both financially and in your life. So excited for you!

  46. Valerie Inman

    Dear Marie and David,
    Thank you for bringing clarity and focus to a subject that has plagued me my entire life. I am sure that 2016 is going to be a prosperous year because of these new concepts. I am putting them into practice immediately.
    With love and gratitude,

  47. Suresh

    Thanks for an introduction to a new author David Bach. I have just ordered two of his books.

    • Chelsea - Team Forleo

      Thrilled to hear that, Suresh. Enjoy!

    • Suresh, I am interested. What books did you buy?

  48. Cameron S

    I love your videos, Marie, and believe in the principles you teach. Thanks so much for the positive energy and great education you share so freely! Every time I watch money “gurus”, I feel like they can’t apply to my life because they don’t address chronic health issues that create financial demands that far exceed resources over extended periods of time. I have 3 kids with significant health challenges and my husband and I work crazy hard to barely keep the basics of food, shelter and transportation in place. The debt we have is for things we needed to take care of our kids. There is no latte factor…every penny that comes in and we run for groceries or to put gas in the 13-year-old car, or to pay for the doctor or prescriptions. There has to be a way for us to succeed financially, I just feel like this kind of scenario is under addressed and would love advice specific to that kind of challenge.

    • Caroline - Team Forleo

      Thank you so much for taking a moment to comment, Cameron. The points you’re bringing up are so important, as so many people in the US and abroad are living in tight financial situations where it’s difficult to put aside any savings.

      Although the original post was a little bit different than yours, I thought you might like to see Marie’s response to Gina above:

      There’s also a great discussion in that thread from a number of people in our community about how the latte factor can be adjusted to help serve more people, even if finances are tight.

      I hope you find some of the thoughts shared helpful, and thank you so much for tuning in this week.

  49. Carol Blawat

    Bam! This hit me like a ton of bricks! I cannot explain the “ah ha” moment when listening to this interview! Thank you is all I can say.

    • Chelsea - Team Forleo

      Carol, YAY for you ah-has. You’re so very welcome — thank YOU for tuning in.

  50. Kika

    Hi Marie!
    Loved, loved, loved this episode! I just recently increased my 401k contribution amount by 2% and feel great about the impact this small change will have on my future. Love the sabatical idea and look forward to hearing more about it from you and David. All the best xo

  51. TI really enjoy your shows, Marie. This particular show was not only informative, but also has a “pleasant” factor, which is not easy to achieve when talking about finances! I will be sending this to our daughter. Great discussion. Many thanks.

  52. So so so excellent! I really needed this reminder today. Thank you, Marie and David!

    I actually took a one-month vacation/sabbatical in 2013, planted myself in the Swiss Alps, and hiked and hiked and hiked. It really changed everything for me. I ended up deciding to move to Switzerland. I changed my career. I started a new series of books…

    And to take that as a freelancer was super scary and hard. I was afraid at first of losing clients or missing opportunities…but I ended up doing it anyway because I needed it so much and I’m so so glad I did.

    Then, in 2015, I decided to do it again. Again I took the whole month of September off and I cycled across France with rarely even any internet access. Again, it was a game-changer.

    Now, I’ve committed to do this every year. It does mean shifting some of my workload and making sure I am making smart financial decisions throughout the year, but as you so aptly put it in the video, “overwork is a sickness.” My creativity, my health, my passion for my work…it is all impacted greatly by taking a longer vacation. And I hope that over time I’ll be able to expand the bounds even beyond a month-long break.

    • Caroline - Team Forleo

      Amazing, Gigi! Thank you so much for sharing — it sounds so wonderful!

  53. It’s all good practical sensible advice. The one thing I don’t see addressed is what about poverty. Those who can’t lift themselves out of poverty. That’s the reality in our capitalistic war mongering society that pumps billions if not trillions of money into the war machine.
    Then you have 62 people hoarding more than all the money in the world collectively!

    As my wise grandfather always said the rich are getting richer and the poor are getting poorer. More true today than ever. This is the ever growing great divide. The poor may have their values straight but the money thing just ain’t workin’ for them!

    • Chelsea - Team Forleo

      Catherine, totally hear where you’re coming from and appreciate you bringing this up. It’s really important stuff to talk about. Marie just responded to Gina above about this discussion, so I wanted to share the link to her reply above with you:

      There’s also some great shares in the other replies as well! Thank you again for bringing this up.

      • Thank you Chelsea for your response to my comment. It’s very much appreciated.
        I understand what it means to live in poverty, but it is aIl relative as their is always someone who has less than you. So it’s important for me to approach life with a whole lot of gratitude!
        I feel very passionately about this subject (poverty) and try to do what I can to change it.

        I also understand how important it is for people to get educated when it comes to money. If we don’t learn it in our families, and we don’t learn in in school, unfortunately most tend to fall into the North American debt trap of credit rich and cash poor. The life dream get out of debt. That isn’t my idea of a life dream.
        I learned an important lesson from my parents and grandparents nothing was a bargain if you don’t have the cash to pay for it.

        This is very obviously an extremely important subject as reflected in the thread. Some wonderful comments here! Love these women!

        Thanks again for you reply.

        Catherine Meyers

  54. Roselle O

    He so inspires me to build my income and my dreams. What he proposes is so doable. You just have to want the long term goal of saving and not give in to all the immediate spending that s really frivolous.

  55. Renee

    Love David Bach. I have 3 of his books. Most recently reading Start Late Finish Rich. My question is as an entrepreneur what is the best type of saving account to put your money in to get the best return. I’ve been looking at online banks like Ally and Capitalize 360 but not sure if this is the right choice. Appreciate any advice you can give me.

    Thanks Renee

    • Caroline - Team Forleo

      Great Q, Renee — it’s definitely not an easy thing to sort out. The easiest way to find good rates is to simply shop around and see what’s out there for your investment level, business needs, and personal banking needs.

      You can also look at things like dailyworth DOT com or nerdwallet DOT com. They both provide some helpful info that might help you seek out the right places to invest and save your money.

      Of course something is better than nothing — if you don’t already have a savigs account, one with a small interest rate is better than not having an interest rate at all. You can always start out with something local or convenient, then as your business grows and life changes happen, you may choose to switch to something that’s a better fit financially.

      I hope that helps! 🙂

  56. Great! I do the latte factor for myself and works perfectly. I didn’t know the name, but however it’s great that it’s right.

  57. I also took a sabbatical for a year and was TERRIFIED initially that I’d lose my entire business and client base, but everything turned out just fine. I regained my love of my work, my life, and the power to create my life as I choose.

    “You don’t have to be rich to live rich” was the best thing that came out of my sabbatical. Living with the idea that NOW is the time to enjoy life, and that living richly is more defined by doing what we love and surrounding ourself with people and things we love.

    I haven’t reached all of my financial goals and I wouldn’t even say I’m rich in anything other than amazing experiences- but those are the very BEST things for my values that have given wealth far beyond the material kind.

  58. Love this message. So powerful for financial and self reflection! I’ve been tracking money for a while but haven’t figured out where the “latte” can come from. I have already set my money date to find out how we can find the GOAL to figure out what we want to save for!

  59. I put our expenses over the past year on a spreadsheet. The biggest areas of discretionary spending was the liquor store, groceries and to some extent eating out. We’ve cut back the booze a lot by NOT drinking during the week (it was getting bad). We are eating more at home to avoid restaurant expenses. As for the groceries, that’s the hardest to reduce. However, we’re ordering dinners from Chef’s Plate (Canada) which is a service that provides healthy, high quality portion controlled restaurant style meals that you cook at home. They send all the ingredients and recipe cards. It’s very economical and eliminates meal planning, grocery shopping and waste. The meals are just as good or better than going to a high priced restaurant for a fraction of the price. In fact, I think we’re actually saving money! There’s a lot of waste with grocery shopping, so that’s a good place to start.

    • Caroline - Team Forleo

      Diana, yes! I have a recipe delivery service that sounds very similar. It really does save a ton of time. Thank you for sharing your thoughts with us this week!

  60. Kathy


    Marie, you are awesome, I love watching everything you do. This morning in the time I set aside for my daily spiritual practice I asked for guidance on several items and two of those were “guide me to my next reading” and “guide me with money”. Now I don’t have a latte budget or even a pack of gum budget. That’s not a complaint just the facts for now. I have read and listened many times to many wonderful mentors that advise, pay yourself first. I have put that “payment” aside to invest in my talents. (I make jewelry and natural skin care products) after my spiritual practice I checked my email, there you were with a special guest, David, thank you. I know this is so long, but I hope it may help someone else in my situation. What I have been doing with the money I pay myself with is hanging on to it until next month when I get paid (I am retired) just in case I need it for an emergency. Well, as you probably figured an emergency came up every month! Something clicked this morning, I am asking for an emergency by putting that money away and holding it for an emergency! Tomorrow is payday, I am going to spend that investment immediately on jewelry supplies, essential oils, something to increase the value of my talents and a David Bach book! I challenge others with no latte budget to do the same, invest in yourself, try it just with your next paycheck, it might be a new blouse for your next interview, it might be a class to learn something new, it might be a new book…Thank you Marie and David.

  61. Raman

    Hi Marie & team, I loved this talk! Thank you. I am new to David’s work. Which of his books may be best? Big love x

    • Caroline - Team Forleo

      Thank you so much, Raman! I don’t think you can go wrong with any of David’s books, but “The Automatic Millionaire” is one of his most popular ones. You might check out that one first, then see if there are any others that interest you too. Enjoy! 🙂

  62. Marie,

    I didn’t know who David Bach was before this interview. Wow! What an amazing person on all levels. His strategies are simple and straightforward. They can be applied to everybody.

    My two favorite quotes are “buy your dreams” and “you don’t have to live rich to be rich”.

    My relationship with money has already improved by watching this interview.

    Marie, thank you for this interview. And good for you to give your company 4 weeks of vacation! I decided to give myself Fridays off, three day weekends every weekend!

    Be well,

    Marty Marie

    • Caroline - Team Forleo

      Melissa, thank you for your comment. How lovely to have Fridays off – that sounds like a lot of fun! We’re so glad we were able to introduce you to David Bach’s work, as he has so much great wisdom to share. Thanks so much for tuning in!

  63. Oliver

    Thank you to Marie and Team Forleo,

    For so much pertinent information. 11:42 minutes into it and I pressed pause just as if I was watching the Elizabeth Gilbert interview on Big Magic.

    At 15:14 I started realizing Marie is sponsoring a course on money.

    Single biggest lesson learned is spend according to your values.

    The action I am taking to bring myself closer to money is automating everything and taking the Marie Forleo and David Bach two part two day Latte and 401K investment increase and or pay yourself challenge. I will also review 14 principles learned during the segment and buy “Smart Women Finish Rich”.

    Thank you.

    • Caroline - Team Forleo

      Thank you so much, Oliver! I hope you enjoy checking out David’s book.

      Regarding your note, just to clarify, we actually don’t have any courses about money here and aren’t sponsoring any. We do love to talk about money on MarieTV however, and those episodes will always be free! 🙂

  64. Panto Thenic

    Feel really vindicated by this episode. We’re told constantly to set goals, have actual numbers, etc, yet he stresses go with your values first. Reminds me of all the books I’ve read that give you the “Rules” on writing a novel or screenplay, yet in the Real World the most successful people are breaking those rules.

  65. So good to hear these advices in the begining of the year to start right! I will buy his book today. As a ceramic artist, single mother of 3 and entrepreneur I had started my life over 3 times from zero. I have zero debt, but also zero savings. Thank you for giving me this kick in my ass that I needed and not only sugar coating it. I know I can do it!! Love from Phoenix, Arizona!!

  66. This really couldn’t have come at a better time. My husband and I are rich in so many ways and money is still a dream for us. I recently watched a talk by Kate Northrop about money and spirituality that I was able to relate to. I realized I’ve been completely ignoring the topic of money all together because I didn’t like the way I felt when thinking about it…she reminded me that what we focus on expands and after that I felt ready to talk and think about money.

    Seeing this video today confirms that truth for me. While we don’t have anything to save right now, we definitely have values and can start there. I’ve already begun focusing on my values and am seeing doors open up. I am excited to continue to grow and look forward to reading some of David’s books. I feel blessed in a way to be starting from nothing and to have these resources that will help us create a solid foundation, along with advice for when our bank amounts are increasing. Thank you Marie and David!

    • Caroline - Team Forleo

      Wonderful, Alexa — we’re so glad to hear this episode was helpful!

  67. Girl! Marie, thanks for the invite but you ain’t got time to hear about my long and varied relationship with money. Suffice it to say that when I married a Southern Baptist preacher, it became our goal in life to give away most of the money we earned (which was very little). We considered money a necessary evil. Our marriage ended after 25 years; he’s now the General Manager for the Portland Gay Men’s Chorus (ain’t got time for that one either). My marriage to money, however, continues. Yep, for better or worse, for richer or poorer, through sickness and in health, I am still in the relationship and will be until I die. A truth that is becoming more and more self-evident. So, I am reeducating myself on many fronts and you have been a big part of it all. As is usually the case, fear is the biggest factor. Marie TV is rooted in fun and so that “F” has now replaced the other one. It’s a continuous journey and I just want to say “thank you” A-gain!

  68. Jen

    Hi Marie and David,
    Great episode today! I hit rewind several times to make sure I didn’t miss anything 🙂

    Quick question, I work for my state and they have an automatic mandatory retirement deduction from my biweekly paycheck of 9% plus and additional 2% if you make over $50K, so that is 11%. Should I still be putting aside 10% for additional retirement if I am just barely meeting my financial responsibilities (I will be doing the Latte Challenge)?


    • Caroline - Team Forleo

      That’s SO awesome, Jen! It sounds like that does indeed meet the 10% of pre-tax retirement that David suggested, so that’s a great place to be. If you’re at a point now or in the future when you can invest even more into your retirement comfortably, by all means go for it!

      In the meantime, if you have other financial responsibilities that take up a lot of your income, you might find it more practical for now to focus on the latte challenge or finding ways to earn and save more. Although saving for retirement is awesome, it’s best to do that at a rate that doesn’t make your day to day life a struggle.

      You can always change that up the percentage later on, but it sounds like you have a really great foundation. I hope you enjoy trying out the latte challenge!

  69. LOVED this interview!
    I was so inspired I stopped the video 10 minutes in to go and set up up 3 Pay Yourself First automated payments – feels SO good to know my little money pots will be quietly growing over time.
    I also love the sabbatical idea – for me, true wealth is always about values, expression and quality of life. 🙂
    Another great Marie TV! Thanks for covering this – such a great topic.

  70. Victoria

    BRILLIANT! David is hilarious what a fantastic interview and THANKS SO MUCH for that no budgeting thing OMG 😉

  71. Money definitely is about values; more important its about being accountable.

    I laughed listening about the fact that everyone needs a will so heirs won’t fight about the estate — SO TRUE….After being executor (twice) I can tell you heirs STILL fight over a will. If the legal system hadn’t been in place to back up these wills the fight would still be brewing! 🙂 Yes, make a will >> and make it legal!

    All good stuff.

  72. Amy

    This video interview was awesome. Jamb packed with great information and spot on with where I am at. Super appreciated this video this morning I watched it twice to make sure I didn’t miss anything!

  73. Grace

    I Luv the expression ” you don’t need to be rich to live a very rich life ” – as our richness is not only financial. We can create our richness by being creative – thinking in different ways and doing things in new and fun ways. Also making the choice about what bring quality in our life – good reading, quality conversation, laughter, taking care of our body and mind by exercising and meditation. Our richness is define who we are – a cultural and spiritual being with more than a trillion cell in our physical body. So we are all already trillionaire – rejoice in the abundant of who we are already.

  74. Denise Wyche-Kenon

    THIS was the absolute best segment you’ve ever had! Bring him back at least once a quarter PLEASE! Have one of his books, but it’s nothing like listening to him. Thanks!

    • Caroline - Team Forleo

      Thank you SO much, Denise — that means the world to us! 🙂

  75. Great video, really good to hear.

    Just for reference, not all Europeans get six weeks off! That’s mostly just the French. Us Brits get like 23 days. And many of us aren’t even able to take all our holiday allowance because of high-pressure jobs.

    • Caroline - Team Forleo

      Jenny, thank you for letting us know. Even though many employers are catching on that vacation time is so important for employee health and wellness, there are definitely industries and countries where it’s not nearly as valued as it could be.

      Hopefully we can all see more employers worldwide embracing the value in time off!

  76. Wow!!! I watched to learn about $$, but nearly fell out of my chair when he started talking about his sabbatical! I’m 45 years old & feel just like he described. I had already decided to take a year off before watching this video, but have had a lot of reservations about it. Hearing him talk about his own made me realize what a great decision it really is! Thanks!!

    • Caroline - Team Forleo

      Wonderful, Tricia! I hope you have an amazing and inspiring year off 🙂

      • Thanks!! I have to finish the teaching year & then I’ll be flying free in July! 🙂

  77. I see this video in 3 parts
    First was wow
    Second was awesome
    3rd was soft
    I was hoping for a fourth with more focus on entrepreneurs
    Please give some inputs for the fourth o part
    Last 2 days my major spending was snacks
    Rest was business
    So I don’t know how I can change that
    And no I have tried cutting down on my snacks it does not work for me physically
    So hoping for a new challenge
    My other expenses are fuel which I fill once in 15 months
    It’s the wedding season so don’t gifts to be given
    I hardly go shopping once in 3 months may be
    I go to the salon 1 in 2 months and trust me I can’t stretch that
    I do spend on my bike every two months for service and repairs
    I have a shop rent loan
    I have life insurance
    I m covered under my wife’s medical from her office
    I have PPF which is kind of retirement fund but it’s small
    So what money tips can u give me??
    Not being arrogant just hoping for some suggestion that I could not find in the video
    Thanks a ton for awesome videos
    And yes I do try to take once a year 7 day break
    Can’t take longer as the load will be too much on my dad

    • Chelsea - Team Forleo

      Hi Ronnie! Glad you’re looking for some more tips and a deeper approach as David’s work goes a lot further than what we could share in one MarieTV episode. We highly recommend checking out any of his books, especially The Automatic Millionaire.

      Also, David’s free resources on his website are great for really digging deep and getting an assessment of both where you are now and where you’d like to be based on your life values. Below are some links for you — the first is to his Getting Organized worksheet, and the second is to the latte factor calculator which shows how far a few dollars can go.

      Hope you enjoy working through those worksheets and setting goals for your financial future!

  78. This was so educational. Thank you for the insight.

  79. Kamla Webb

    I am only 17.28 mins through this video and i already know this is one of my fav video’s you have done. And without even reading this book I was so happy that I had all the ‘automatic’ points in play. Emergency account, dream account, all bills paid, mortgage, and retirement. I can’t wait to find out all the next steps, as now 2016 brings me the year of my own business planning, for me for me to help and share with others!!! Thank you

    • Caroline - Team Forleo

      Awesome! Go Kamla, and I hope you love the rest of the video 🙂

  80. Love this talk, David offers some real priceless advice! One thing though that I seem to be missing..How do you automate to all the separate “baskets”? A tool that would do this would be amazing.

    • Chelsea - Team Forleo

      Hi Vito! Great question.

      On his free resources page, David has a section called “Managing Your Money” and there are a few links there about automating payments, so definitely check those out. I’ll put the link below!

      The “Get Organized Worksheets” are so great too.

  81. This was such good food for thought. I am doing some of this but not all of it and I realize that my money scripts are getting in the way of the financial life I want to live. I am going through a major life change and this came along at the perfect time help get the finances working for my new life instead of for my old one. Thank you Marie, as usual, for some great insight and a great challenge.

  82. Stacey

    I heard David Bach speak a few years ago when I worked in the financial industry. I took his tips to heart at that time. As I approach marriage now, I find his tips and processes for approaching the money topic with your soon-to-be-spouse SOOO Important. After all, money is the # cause of divorce. We should all be going through this process before getting married!

  83. What a wonderful episode! Thanks Marie and team for your insightful videos! Look forward to seeing more:)

    • Chelsea - Team Forleo

      Thank you SO much, Ericka. We can’t wait to share more with you soon.

  84. Marjorie

    I love watching and learning, and wanted to enjoy this post. BUT as soon as he said he “toured with Trump” I had to turn it off. I am so over saturated with the words that come out of that preachy mean spirited egotistical racist, I will not listen to anyone who aligns themselves with those values.
    Im sorry Marie, I used to love and respect you.

    • I didn’t even get to that part, but yeah I agree with you. We need to hear from money experts that work with everyday people not the 1%.

    • Chelsea - Team Forleo

      Marjorie, thank you for sharing these thoughts. We know that not every guest on MarieTV will resonate with all our MarieTV viewers.

      Please know that the mention of Trump here in this episode is in no way a political endorsement or a value-endorsement even. David mentioned touring with Trump and Tony Robbins a while ago prior to the recession, and it was a financial workshop tour — nothing to do with the current political stage.

      I’m sorry you found the comment to be a turn off, and we’d hate for you to miss some of the valuable thoughts that are shared in this episode. David Bach has helped hundreds of thousands of people all over the world and we think his work is incredibly helpful, so we hope you don’t miss out on the tools and tips he shares on today’s MarieTV!

  85. Caroline

    Sabbaticals are great, but in a country that doesn’t make maternity and paternity leave a priority, they aren’t relevant to the majority of people.
    Please lend your voice and your power to creating a more humane system for newborns and parents. The long and short term benefits of this will be even greater than those you personally experienced on your sabbatical.

  86. Lorraine

    Hi Marie, Absolutely fantastic interview. I loved all the great tips in here which helped to refresh and further focus my attention on what I truly want to achieve. Thank you for doing this.

    Also, on the sabbatical. I am fortunate to have longer holiday entitlements as I live in Europe. However, it’s often the case that you still end up working on those days off. The net result is that you don’t fully ever “de-charge” and you still carry the stresses of work with you during your time off. A few years ago I made a change. I am now sacrosanct about Christmas break. I make it a priority to take 4 weeks out over Christmas and New Year. I literally feel like a renewed person on return. It allows me to fully de-charge and become fully present in my life with those I love. It also means I’m fully re-charged on returning to work making myself more engaged and ready to give my very best at work.

    I love Marie TV and always find your interviews inspirational.

  87. Janette

    Marie, I really loved this video. I am planning to show it to my husband because we for sure have different values about money, and that is one of our biggest issue as a couple. We always argue about that. I am exciting to watch this video again with him, and hopefully spark his interests in been on the same page with me. Thank you so much for this and all the other episodes. I always watch them when I am doing my cardio. 🙂

    • Chelsea - Team Forleo

      Wonderful, Janette! Happy money date to you and your husband then.

      We love that you’re tuning in while working out! 🙂

  88. Erin

    Hi Marie,

    I LOVED the part when he spoke about taking a sabbatical as I had a calling to do that 2 years ago and listened. It WAS a difficult decision to make, however, I listened to that inner voice and what I have gained personally over the past two years has benefited my entire life and the lives of those around me. What was beautiful was how The Universe supported me so elegantly with short spurts of income to inufse into our lives. Opportunites came out of nowhere – I am SO completely thankful I took that time and best of all, my son said the other night, “Mommy, thanks for taking time off for us.” Beautiful all the way around.

  89. Denise

    Hi Marie! So excited about this topic and about the info shared today! Total answered prayer! Do you have any recommendations on books between Smart Women Finish Rich or Start Late Finish Rich? Mahalo and so thankful for what you bring to this world 🙂

  90. I love this guy. Getting organized is his first step. A man after my own heart. Way to go Dave!

  91. Jamie

    Loved this! This just felt right in how to manage money. I have been searching for someone on guidance, because for me the Dave Ramsey approach was something that did not fit with me (not to say he is not great and helps many people). I am a numbers person and am very organized, but doing a budget never worked for me! And I felt like I could never get ahead. So best part of this was throw the budget out! Now, I am in a much different place single mom of 2 littles ones under 5. Have nothing to my name, as far as assets.This approach has me excited and I have reserved a few books at the library already after watching this today! If anyone has suggestion which one would be best to start first let me know:) I am working on starting my own business and want to help people! I totally would read a book on sabbatical, we all need this. And am for maternity and paternity, family needs to be just as important as the employee! We need that times with our children or other family members that need care.
    Just found Marie’s website 2 days ago, when I was searching for inspiration on non supportive people. Glad I found you Marie Forleo.

  92. As an entrepreneur and parent with four children (3 in preschool), a lot of the tips and advice doesn’t work for me because it doesn’t apply to working class families. How are we supposed to save when all of our income goes to rent, preschool expenses, food, and basics? Anyway, just wanted to share cause I’m sure there are other families in my situation. My husband and I have “business meetings” and we’re doing what we can. But honestly I think there is still a lot of privilege in this conversation, and unfortunately it’s our broken economy and a messed up capitalist system that is the real issue. Thanks Marie, I look forward to more. Hopefully there’s an expert that you can feature one day that has worked with working class people instead of millionaires trying to save money from their fifth home.

    • Caroline - Team Forleo

      Paloma, thank you so much for sharing your thoughts with us, and you bring up some incredibly important topics here. I wanted to let you know that Marie responded to some of the same concerns in a post above in reply to Gina, so you might like to read that, since Marie responded in so eloquently:

      Thank you so much for commenting and for being a part of our amazing community!

  93. Julia Reinecke

    Absolutely loved this video – thank you so much to both of you!
    Marie I love that you are not on Social Media 24/7. It motivates me to do the same as I too, don’t feel the urge to, but sometimes felt as though it is necessary. Thanks for having David Bach on. Great conversation between the 2 of you – very inspiring! 🙂

  94. Thanks Marie for another great episode! I like David’s work, especially The Automatic Millionaire. I loved the discussion about the magic that came come out of taking a sabbatical. I was longing to take one for a long, long time and finally did. It was life changing, restorative and powerful! If anyone is dreaming of one find a way to do it – your life will never be the same!

  95. Shalaka

    I am so glad I watched this video. I am gonna go read all of David’s books. Financial security is something that we all need to work on and this is a great start. I am glad my 2016 is beginning on such a great note. I am happy to have subscribed to Marie TV. Thank you Marie and David. You’ll are doing some awesome work.

  96. Christyn

    Hi Marie!

    Thanks for this intriguing episode. I have a few things to say.

    1. I love talking about money. People get defensive and there are often many emotions tied to money but it is necessary for life. I think that knowing how to manage money is an essential part of life. (And hey, I am still learning!)

    2. My “latte” money was my phone bill. To be honest, I was WAY overpaying for my cellphone bill. It was $150 a month for two lines and after some research, my husband and I cut it down to $80 a month. I know people on this feed are getting really caught up on giving up an actual latte but I didn’t give up my lattes (they are my once a week treat), I found a smarter way to save.

    3. I don’t think we should budget bash. I know that he wasn’t into budgeting but how else would I know that in a month, my family spends an average of $80 a month eating out? Or $75 on gas? For me, I need to recognize this reality and limit myself in smart ways. When money is tight, there is no eating out. I can see my grocery trends and everything. (I use to track everything) It seems overwhelming but money management is important and it deserves attention at least weekly !

    Best of luck to all of you. One step at a time 🙂

    • Chelsea - Team Forleo

      Christyn, I love your share and good for you for finding ways to save. The phone bill is such a good one, because a little research goes a long way there.

      In terms of the budget conversation, I think David was more bashing the type of budgets where you have to stick to certain dollar amounts for each category, not so much money tracking, which it sounds like you’re doing. Money and spending tracking is hugely important and using is a fantastic idea. Then from there, David recommends automating things according to their importance which he talks a bit about in the episode, rather than manually budgeting.

      Sounds like you’re absolutely on track!

  97. Matilda

    Another excellent interview Marie, thank you. I’m about to take a 4 month break so great timing! My boyfriend and I are at a beautiful but scary point in our lives. We have just sold a bar and neither of us have jobs that have to keep us in Sydney anymore. No kids, no mortgage and nobody needs us to take care of them. Hearing David’s tips on how to start building our wealth inline with our new life was super helpful. Definitely going to suggest a money date before we fly outta herr’

  98. Hey, I don’t need to take the 2-day challenge. I haven’t worked for a paycheck for 20 years.

    When I was in my twenties, I had the idea that a person could live off the interest of 300,000 pretty easily. After 12 years at IBM, I cashed everything and had about that.

    Ideas like this create our reality. After 20 years, which includes a lot of voluntary simplicity, and 6 years of entrepreneurship, I still have about $300,000 in equity.

    Just like Marie and David talked about, at the beginning of this episode, your core assumptions or beliefs about money create your money for you!

  99. Doug Oaks

    I am currently pushing (again) to start my own business. This Video is SO full of great info… A lot of it I will need to apply when I get an income that will at least pay my bills.
    Is there a way I can download and Archive this Video?
    and Which of his books would you recommend for the “beginner” ?

    • Chelsea - Team Forleo

      Doug, absolutely! Although this video isn’t downloadable, it won’t be going anywhere and you can save the link for later if you’d like. It’s one worth watching a few times for sponging up all the wisdom shared.

      Also, one of the things I love about David’s work is how we can always start somewhere with something — even if it’s just getting an assessment of where you are or where you want to be.

      David has fantastic free resources for getting organized that I think you’ll enjoy working on even without having the income that you’d like to:

      The Automatic Millionaire is a great book to start with, but all of his books are so incredibly helpful and eye-opening, so you can’t go wrong. They’re also all very accessible and understandable, so they don’t make you feel like you’re too much of a beginner to get what he’s sharing.

  100. Great interview! As someone who just went on sabbatical after working in corporate for many (many) years – it’s quite intimidating to suddenly stop working a regular paid job. There have been loads of ways to rationalize pushing the stop button – – always wanted to start my own business, doing it for the kids, it’s just a year…because the idea of taking a sabbatical “just because” is too hard to explain, and confuses too many people. Add my voice to the list of people who advocate taking a LONG break. I’m 3 months into my “year off” and like any change, it was amazing for the first few weeks, then weird and lonely, then scary…it’s just now that I’m starting to feel the benefits. You need at least 6 months – 3 is too little and 6 weeks is just a decent vacation. If you decide to take a sabbatical, do it right!

    • Gloria

      Hi V,

      Glad I saw this comment. Four years into the professional space and I’m already taking a pause. January has been my first month! I completely identify with the trouble of explaining it to people. There are SO many reasons, and “to recalibrate and reset, start fresh, take time for different projects” still doesn’t always makes sense to people. In reality, every new day I feel a different purpose for this “sabbatical.”

      January so far has been a lot of life admin tasks, which feel amazing to get through because I’ve prolonged basic simple to-dos for so long. Next, I’m congratulating and celebrating my last few years at work by taking a 3-week adventure to SE Asia. When I get back in March I look forward to moving to a new part of my city and spending time getting clear on where I want to dedicate my time and energy to moving forward. Going to be a fun (and weird at times) experiment!

      Thanks for sharing your experiences 3 months in! Congratulations. Doing so at your stage of life especially, requires a level of courage that I find admirable and inspiring. All the best!

  101. Kara

    I read Finish Rich back in 2009 so this was a great refresher as I have gotten far away from this idea. My latte factor is MOST DEFINITELY EATING OUT!!!!!!

  102. Thanks for this episode, Marie. I’m ready to dive back into B-School work, and finances are a huge part of my focus in 2016. I just sent email to our HR contact so I can make sure I’m maximizing my retirement plan contribution. This week I will get all my stuff to my tax guy, too.

  103. I LOVED this! Thank you so much!!!

    Yay for sabbaticals!!! I took 7 weeks off this past summer and I completely agree – felt happy and healthy and was able to attract so much abundance from that space of peace and presence. I’ve officially decided to make it an annual must!

    Plus I love the latte factor – I know that eating out for lunch and grabbing other food on the go really drains my funds and so far this January I have hugely cut down on this habit. So far this month I’ve only bought one chocolate croissant and one sandwich while out and about — versus my previous average of at least 3 snacks/meals per week!

    YAY!! Thank, again. xo

  104. PS. Does anyone know how to change the picture that posts with my comments? It’s very outdated, but I have no idea where to go to update it! Thanks!

  105. I loved it. It was poignant and engaging. I struggle with money because I feel like budgeting takes the Pleasure & Freedom out of my Life. So I rebel against saving or even respecting myself with my Money because I want to feel like I am in charge of what I do with it.

    Thank you.

  106. Hey Marie!
    I have most recently become a women on a mission, well two missions.
    A) To get my business up and running. No more excuses!
    B) To get this money thing HANDLED!
    This blog is so perfectly synchronized with the part of my life I’m committed to healing. Thank you for always offering up such wonderful wisdom and guidance!

  107. I loved this interview so much and will be doing both challenges. It also got me thinking about the possibility of a 6 week sabbatical. I do fall into the trap of “I can do that when….” and the when is usually when I have more clients or when I make x amount per month. I love the quote, “you don’t have to be rich to live rich.” I’m going to start taking action to bring the 6 week sabbatical into my realm of possibility now. Thank you!

  108. Damali Alexander

    Part 1:
    I’ve started the “Latte factor” since the 1st of this year, and it is clear that my latte factor is online shopping…

    Part 2: I will increase my contribution to my Roth IRA as well as look into additional retirement fund options.

    Thank you for this video,


  109. Angela

    Hi Marie and David, thank you for this video and like many others commenting, it’s very timely. I’m a little tired of having such a poor relationship with money, usually driven by fear and constantly dipping into my savings. I am looking forward to trying the Dream and Latte strategies. As always, it was a super insightful video and appreciate how generous you guys were with information (as Marie always is)! Thank you so very much! Ange

  110. Hi Marie and David — Thank you so much for your wonderful show! I have so many of David’s books and audio programs on my bookshelves, from “Start Late, Finish Rich” to “The Automatic Millionaire.” They have helped me beyond words. My favorite, however, is “Start Over, Finish Rich.” It’s just a slim volume, but from this, I began working on many freelance and other enterprising projects aside from my “day job.” I’ve been building my income and savings by promoting a network marketing company that I believe in, as well as write for my own blog and promote my own books and intellectual material; I even learned how to transcribe and work as a legal transcriptionist, as well. It’s been a fun journey. Now that the hours of my day job have been decreasing, I’ve been working up to full-time with the side enterprise. So for all of this, I want to thank you.

    Now I need to work at taking some “down-time,” as you mentioned. My father was a nose-to-the-grindstone, hard working businessman and it’s difficult to change the hard-wiring of my brain to allow for such time off. It’s necessary though. Living in the moment is the key to inner peace, and when life is so revved-up it’s hard to see the light. After watching your show, however, I’ll work on it! Thank you again, David. Thank you Marie, as well, for another fabulous episode.
    Laura Turner, Upstate New York

    • Caroline - Team Forleo

      It sounds like we’re cut from the same cloth, Laura! I come from a family of nose-to-the-grindstone people too, and downtime is one of my biggest challenges. It does get better and easier with practice though, and I have to admit it makes my work so much better and more enjoyable than working crazy hours ever did. Enjoy those times off — it’s worth it! 🙂

      • Thank you for your reply, Caroline! I’ll give some down-time a try. Cheers!

  111. Can I just say how much I LOVE this interview?

    Marie, you and David discuss so many key topics that I know are life changing.

    Money awareness, savoring our experience, and loving our lives right now…so wise.

    Thank you for raising awareness and reminding all of us how precious and rich life is.

    Totally auspicious that I was just chatting with other homeschool mama friends last week about how completely RICH we feel…sitting under the trees at the park, our children laughing and playing nearby, schedules and lives designed in alignment with what matters most to each of us.

    I feel like it’s a dream and completely chosen…

    Knowing what I value and being money conscious make it easy to thrive, to save and to continue to grow our family’s wealth even after 11 years of being a one full time income family.

    Being alive is rich. Begin present is priceless.

    And I’m so grateful you and David bring to light the real value of money and time to be with the people we love.

  112. Teress

    Outstanding interview & SO full of relatable, useful info and “AH-HA” moments for me. Thank you. Major take aways were: the 5 ways of allocating $ after payday, The Latte factor & being present. Thank you, Thank you, Thank you!!! I feel awake, challenged & inspired.
    Marie & Davie – Be Blessed

  113. Gloria

    I first came here for the money talk with David, and then was pleasantly surprised and captivated at the 30-min mark when he started to share about his “radical sabbatical.” This month is the first month I’m beginning a similar desired break from work!

    While I’m 20 years younger than David… I was sure feeling his age the last three years. Work was meaningful and I loved being part of something larger than myself, but I became disappointed with the lifestyle I was falling into and my struggle to find time for proper self-care and creative outlets with my demanding full-time job.

    Knowing the Marie community and the other inspiring thought leaders I follow, I know there’s a different way to do it. So I’ll take the next year to just live, explore my other curiosities, pursue those back-burner passion projects, meet people, write more, and trust that this will all lead me to the next place and group of people I’m meant to serve.

    David should know there would definitely be a first follower (me!) to his next book about his sabbatical. Perhaps I’ll write a thing too once it all makes sense 🙂 Thank you for this!

    • Caroline - Team Forleo

      That’s so wonderful, Gloria. It sounds like you’re on the right track, and I hope your sabbatical is amazing, beautiful, and insightful!

  114. Thank you for this great video. I watched it for the financial advice and ended up getting much more. The sabbatical discussion was fascinating. I did this earlier this year and found myself feeling way better and happier. I also decided to start a new business – had I not made that space for change, I don’t think it would have ever happened. I think there is a lot of potential in writing a book about that. What I really valued about the insights was seeing two, smart, successful people get out of the web of what “success” looks like and talking about the sickness of overworking. I think it is something we need to change in the US. My latte factor is $470,500!

  115. Kelli

    Thanks for the video, Marie.
    Perhaps I found some of the advice impractical for low-income groups, “put %10 towards retirement”, but I did take your advice of listing values to heart. Yes, we should all know our values and how they relate to our money. My grandmother would put pennies in a jar and she lived on social security. She valued getting things as she as possible. No, I’m not that extreme. Life doesn’t have to be devoid of pleasure. Though people don’t need lattes and cigarettes.

    As the above comment said, people often do struggle financially because they do. Even a childless adult can struggle when theres too many other expenses such as credit card debt. I know Marie is only trying to help. But still she’s right that aligning values with your money can make goals more clear.

  116. I love this interview! I took up the challenge, and my ‘latte factor’ is spending money on Kindle books on Amazon…. as soon as I hear a recommendation for a book, I always buy it right away… I have 100s of books of my Kindle that I’ll never get to…. going to redirect that to my ‘dream account’. Thanks Marie & David xo

  117. Franziska

    Dear Marie,

    iam so fascinated today like many others – that I asked myself the money-question in my life this morning again! and Voila!

    Yesterday I had a very strong spiritual lesson and again I asked for solving my “Money Thinking” and here I go to check my mails and see this. Thank you so much for being there with all theses advices! at the right time!
    And a big thanks to the univers too, of course.
    Love from Germany

    • Caroline - Team Forleo

      Thank you so much, Franziska — I always love it when we appear at just the right time. The universe knows what it’s doing! 😉

  118. Did the Latte Factor challenge many years ago after I read one of his books – been maxing out 401k (myself and spouse) since we were 25 – so for 21 years. I am leaving the business where I am am owner in 2017 for an extended sabbatical and career change / reassessment /entrepreneurial adventure. Such a great interview! Thank you!

  119. Very good!
    Also this time … I always appreciate to look at your work.
    I saved my first years to buy my house, and the last several years about 15% in an Life Assurance.
    Now I am in Pension and work only for what is really important to me and do my living on a small pension, so far. Its the time that I could access the many saved and find my self very ignorant about Finances.
    There is so much info around that I do not know where to look for simple hints. In case you have some ideas … I would be greatful for it.
    2 points to follow:
    I extended my vacation time as I have many friends around the world who are happy to have me round and this is o.k. for the money I get monthly, with all this low cost flights.
    I decided to extend my savings to 20% (which of course will be much less then before I went to pension).

    So long
    P.S. ; I do not like to ‘play’ with money, I like to use it for something good – like my house, travel, aid to someone, anything which brings joy and safety in life.

    • Caroline - Team Forleo

      Lydia, thank you so much for your comment and for tuning in this week. David has some great simple tips here to help you get started, so I hope you find those helpful. If you enjoyed his tips and you’re looking for some more basics, you might like to check out his books online or at your local library or bookstore. I hope that helps!

  120. I absolutely adore conversations like this about money!

    It’s so important to give real, practical advice on improving our money situation and financial health. Mindset only gets you so far!

    I think the key thing with this video, and everything really, is to ask “HOW can this work for me?” – I can’t implement everything here yet, but my first step is going to be setting up some extra back accounts for savings!

    Great interview Marie and David!

    • Caroline - Team Forleo

      Right on, Amber! We have lots of amazing people in our audience with such a huge variety of financial backgrounds and situations, and for lal the tips David shares, asking “HOW can this work for me” is so key. Thank you so much for sharing!

  121. I loved this episode! I am a huge believer in doing more of what you love, having more money for the lifestyle you desire and building around the time for loved ones. I love that David Bach gave himself the opportunity to take time off, but he was able to do this because he put his finances in order before. Let’s continue to rock on with our money!
    One of the best investments I have made was to invest in a building for cash flow, thanks to this investment I was able to quit my job and have some additional resources when my husband had a stroke seven months ago. Thank you David Bach and Marie Forleo this was a great interview!

  122. Sadia-Laurene

    Hi Marie! I will be 28 in 3 months and my financial situation now doesn’t seem as bleak (and I mean BLEAK) as around 10 minutes before I watched this entire webisode with David Bach. I’d never heard of him but I’m very grateful you have! Smart Women Finish Rich is about to have one more sale! And I can’t wait to get my hands on it! In the (too) short amount of time you had, you and David touched on some poignant topics for me (like a sabbatical – or for me, just a normal vacay, cuz that hasn’t happened in like ever! – and the concept of honing in on my values BEFORE hitting the numbers AND making things automatic). I feel like I just got a hit of adrenaline for my financial POTENTIAL and I’m excited/curious to see where David’s principles, guided by my values, take me. Thank you!

  123. I’m up to the challenge! This is the most excited I’ve ever been watching a video on the – dare I say it – money topic. Let’s do this! I’m encouraged, this just might work. Thank you Mr. David Bach. Live Rich. Finish Rich.

    • Caroline - Team Forleo

      YES! Go Melinda!

  124. I LOVED this conversation! I’m at point in my life when a lot of money blocks are coming up, and where money is tight, so we’ve had a lot of money talks with my husband lately. I
    I took the challenge and figured out my latte factor. It’s around 2€ a day. So, in a month, I could have around 60€ more if I redirected that money and invested it in my business. Not a lot, but still, it could help cover some of the costs of running my business.
    I loved the reference David Bach made to Europeans when it comes to taking time off. Yep, 4-week yearly vacations are a thing here. Plus, in my home country Estonia, you get 18 months paid maternity leave. Pretty awesome 🙂

    • Caroline - Team Forleo

      Oooh loving that vacation and maternity leave, Hanna — that IS awesome! Go Estonia!

      And that’s so great with your latte factor. Even the smallest amounts can add up to a lot over time 🙂

  125. Wonderful interview! Highly recommended!

    As I launch my business after Mercury Retrograde I anticipate needing to pay taxes on the income so the takeaway of setting the money aside for this was highly valuable. No proper way of calculating taxes for me other than budgeting within the business so I’ll need to be all over this. I know what my wife is going to be busy doing!

    There is so much uncertainty in the world with shift and constant change that I think people should anticipate needing to keep working for the rest of their lives and not be setting money aside for retirement. A better bet is to buy disability insurance. As for current savings I think physical silver (not SLV) is the place to be plus some cash for emergencies.

    I read the book “Your Money or Your Life” years ago and while some of the book is dated the essence of “Enough” is still an important principle. There comes a point where too much spending (beyond “Enough”) lowers the quality of one’s life regardless of how much money you have. This means that the Latte factor can be applied over and over and over again in one’s life to distill what is truly important. I’ve been doing this in the nearly seven years since I left full time work while I pursued farming for a couple years overlapped with pursuing enlightenment (I never stopped working although I guess it has been a “sabbatical”). I feel that my latte factor is currently zero and I’ve got a good handle on finances through budgeting and taking a hard look at each purchase. The more I’ve seen my savings dwindle without any compensating income the harder and harder I’ve looked at my purchases.

    On the flip side, as I expect my income to increase I need to sit down with my spouse to go over her values to see how the money should flow going forward. I don’t have attachment to money so I really want to get most money beyond lifestyle and security to flow out to make a difference in the world and the more I can do this as expenses within my business the lower my tax burden. Having a plan ahead of time allows for the flow of funds from the Universe now plus an elimination of a lower quality of life beyond “Enough” later.

    Once I have money coming in I will need to get a will – that was another good takeaway from the episode. I also want transparency of how my money flows (in & out) so that I can be public about my decisions around money. Public transparency of our institutions through transparent forensic accounting would lead to worldwide monetary reform and a transfer of wealth from the unscrupulous to the everyday person.

    Thanks for the show, Marie and David!

  126. Thank you so much for this interview. Marie this is one of my favourite of your videos. David thank you for your advice/suggestions. I LOVED how direct, clear and pithy it all was. After actioning my will last September, its been on standby and I’m now bringing it back to life and will have it complete in 2 weeks! (Gulp). As I will also be actioning all those different baskets – it just makes sense. Brilliant advice, thank you. I also loved the heart of this interview: “we need more life in our lives,” and David what you say about wanting to be present for our children/family: YES!

    Oh yes and the values. That touches me a lot, that to get our money in order, we need to approach our relationship to it from first gaining an understanding of what our values are. And it took less then 5 mins to do!

    I am also forever grateful to you for your comment that budgeting doesn’t work. That is a big strain out of my life and I look forward to moving forward with the baskets and values and seeing how they impact my life/finances.

    Marie, I love the way you de pathologise money. That you talk so positively and with genuine wisdom and experience about what good it can do, this is very inspiring for me. I really sense your joy of it, and it is your attitude and freedom around money that motivates me to look with a little more courage at my own relationship to money. THANK YOU!

    • Caroline - Team Forleo

      Such a wonderful comment, Laura. Thank you so much for your kind words, and we’re so grateful that our episodes about money have been helpful to you! xoxo

  127. Great thought-provoking suggestions, thank you. I paid off my house and car last month and was laid off on the 7th, first time in a 40 year career. Still need to work a few more years but I want to relax a couple of months and decompress. I haven’t committed yet. Aha, I see what I need to do. Commit to a sabbatical whole-heartedly!

  128. What did David put on his “out of office” email when he took his sabbatical?

    • Caroline - Team Forleo

      That’s a great question, Amy. I’m not sure if he used an out of office email or how he handled the tech side of things. It sounds like his break was a bit open-ended at first, so he may not have had an official “out of office” response at first.

      When our own company goes on our two week breaks, we always have an “out of office” autoresponder that lets people know why we’re out, when we’ll be back, and what to expect. We sometimes include some helpful troubleshooting tips too if people have questions.

      That doesn’t mean you have to have an autoresponder — some people might choose not to, or maybe to have a VA or someone else on their team respond to emails in their absence. It’s mostly about deciding what works best for you in terms of online connection and then sharing that info with those who might be looking to get in touch with you.

  129. Dara

    I’ve never heard of David, but now I have already ordered 2 of his books! Thanks so much for having him on, Marie. I consider myself a late bloomer and have finally decided, 6 months before my 38th birthday, that I want to have my own business and gain more control of my life. In December I walked away from a desk job in real estate where I was making 17 bucks an hour + 200-300 dollars a month is bonuses, had no health insurance or retirement plan, and was chained to a desk all day Mon-Fri while still be expected to respond to emails and texts on evenings and weekends. No more! I’ve had a very rich life experience so far and am a devoted learner. I’ve finally come to a point in my life where I see myself as having enough knowledge and experience to help others. And I will- in my own way! I’ve told myself in the past that I don’t need much money and therefore don’t need to be career focused, but now I can see that I was just scared that if I decided I wanted to be more financially successful and it became a goal, that I might fail and be disappointed. Today I am determined to be successful as an entrepreneur so that I can give, see the world, and create a beautiful life for myself and my family. I hope to adopt children one day, and if I can afford it I want a full house! I’d also like to fund another animal sanctuary since I love animals deeply and we badly need more places for abused, sick farm animals to go. My big dreams require big bucks, and I’m going for it! Thanks for all the tips, advice, and inspiration. xx, dara

    • Caroline - Team Forleo

      That’s so great, Dara! Being a late bloomer can be wonderful, and it’s never too late to try something new and follow our dreams. Please feel free to tune in to our episodes anytime for great tips, and know that we’re cheering you on all the way 🙂

  130. Hey guys! David is right on with clarifying our values and aligning them with goals. I use this exact concept in courses for our nutrition business as well to help people get in touch with their relationship with food. It’s amazing how much power our values, beliefs, and fears have over our lives. Once we see things on paper, they really do become clear and we can begin to make fundamental and lasting changes. Great stuff! Thanks Marie!

  131. Thank you for praising the sabbatical! I’ve been in business for 5 years, and one of my “business values” is rest and recharge. Because the industry I serve is seasonal, I take 4-6 weeks off in November and December every year. I give advanced notice to my existing clients, coordinate new projects to start in January, and unplug from technology during this time off. I need it and love it, so I do it.

    • Caroline - Team Forleo

      That’s so awesome, Jamie! 😀

  132. Elizabeth

    Marie, Thank you so much for this interview with David Bach! Some time ago we as a family went through a layoff (and that is the time I found your incredible videos that have helped us so much, thank you!). A layoff for many is quite scary, but we decided to open ourselves up to new ideas, immediately, make adjustments in our lives and re-establish our money matters, a somehow forced sabatical break, which we don’t regret and will be thankful for because it helped us reunite as a family. This time helped us so much to reconnect, we took a vacation to think over what we wanted in life, our values, our family, everything, especially on money talk, which yes, it was like a -don’t talk about it- situation, and found out we had been living in a comfort zone and spending on things first that we thought were emergency, as David Rich says! With kids, we saw that many things they really didn’t need (sugary juices in box instead of water in a bottle, not bottled water, or juice made by us). And it is healthier for them. The latte factor, yesterday grocery shopping I stopped myself for buying the big Cola bottle. Keep tracking weekly expenses. The latte factor is not to forget about the things you like, but when you’re beginning to make changes, some things have to go to pay for what is really important. Prioritize, that was the point in this video. Many changes have been made here since that break, that is a time which I see as necessary and I cherish it, we keep learning, and one important change for us is that we are not afraid anymore to talk about money, or wanting more in order to do the things we want based on our passion for what we want to accomplish and give out, money IS part of our spiritual lives now. Our kids are now learning about money and the way it works, which at least for me that part was missed in school days, or even college days. Charities. Give and you will receive, but don’t give only to receive, but because you want to make a change in somebody else’s lives. And it it so true!!!
    This is not only a video Marie. This is a bedtime story that should be passed on to kids, thank you so much David Rich and Marie Forleo! Thank you Marie once more, because of you we get to know amazing people through your interviews that help us in every way. Greetings from Mexico.

    • Mandy - Team Forleo

      What a wonderful story, Elizabeth! I’m so glad you had a positive outlook during the layoff and that you allowed the time to help you reconnect with your family. That’s awesome! It sounds like you’re on an incredible path and we appreciate you sharing your wisdom with us.

  133. Elizabeth

    David Bach!

  134. Dear Marie and David, Thank you for this. I own a clothing boutique with my husband and I need a latte factor for my small business. We should be keeping way more money than I feel like we are and it consumes our days, thoughts and twists into our family life. I am going to schedule a happy “money date” with him so we can get our business and in turn our family in a better place. Thank you for creating this video. It is exactly what I needed in my life. I appreciate it. Thank you

  135. Klemen

    I really enjoyed this show! My action is upping my percentage for my retirement account from 12% to 13%! Looking forward to start tracking my expenses!

  136. Erin Waterman

    I like the suggestions here and focus on values clarity, looking at “money leaks” for 7 days, different baskets for automatic deposits, and putting away anything you can each day.

    What I am going to change based on this interview right away is:

    * Open a dream account I will not touch to fund a 6-month distance walk (Pacific Crest Trail or similar distance) I’d like to do before I leave this Earth. To me, that is living “Rich,” living “Big,” living connected ultimately to all of creation, outdoors as much as possible. I’d like to write a book from this experience and help others who are nature-disconnected reconnect (Healing Outdoors).
    * Cut back on my knitting obsession. This is my latte factor. I look at a ball of yarn and it literally talks to me. If it’s on sale for anything more than 50%, it just has to be mine.
    * Funnel my self-employed income into an untouchable account for taxes. Every year at tax time, I am right there with the sock to the gut. I always have a savings account and assume I save enough for taxes, but every year it’s just not true.

    I have all my life been resistant to having more than I need, and I’ve often told people “I’m allergic to money.” I want to have sufficiency, not wealth.

    I’ve never owned a home, never entered a relationship to have money, and have been a single parent singlehandedly (nearly – microscopic amount of child support) supporting two people for 14 years. I have been continually working 60 hours a week and literally living bill by bill. Many life coaches call this “scarcity mentality.” I call it survival.

    That said, as a possible spokesperson for living on the “lower financial end,” here is what I am most proud of:

    1) Every month, no matter how much debt I’ve had, no matter how many hours I’ve had to work, I have put $35 towards a personal retirement account.
    2) My biggest downfall with where my money goes is to charities that reflect my heart. I need to take a hard look at cutting back on these “leaks” BEFORE I reach sufficiency, but I am actually proud that the biggest chunk of my money leak has gone to help others.
    3) I am earning more money this past year than I have in 20 years prior, attracting more clients with content more aligned with my values.
    4) I will never make mistakes I’ve made in the past. I filed bankruptcy 18 years ago (medical expenses) as a stipulation for a marriage proposal. Both marriage and bankruptcy were worst mistakes of my life, and I am proud I’m never going to sabotage myself for someone else again.

    I love the ending of this interview more than anything. “Presence” is of the ultimate importance to ourselves and others. Not money.

    Thank you!

    • Mandy - Team Forleo

      This is awesome, Erin! It sounds like you have some super helpful action items to help you achieve your goals. We’re cheering you on!

  137. Kim

    Money has always been a struggle for me, since I am disabled and can’t work. This means I have to get by with not at all a lot of cash on my hands. I try to be creative, but it is hard to constantly have to think in terms of shortage. Your take on money as being a sort of energy, changed my view though. There could be abundance if I think and act in terms of abundance rather than always fearing an empty wallet.

  138. Tess

    Love, love, love the video and the thoughtfulness of how our mindset and values drive what we do with the money that does come our way.

    Don’t like the camera action in this video. The camera moving while both people were in frame was more than distracting from the content, I found it nauseating. Adding camera movement does not add dynamism to the conversation, Marie and David can handle that all on their own!

  139. Corina Vanana Valcan

    Hello Marie,

    Thank you for the very nice TV and for me it is something like a work as I like online and also on different TV shows. It`s just that even if I will and I start on something, I write for something, or I arrange for ex. for some things, there might not come all these because of the human beings and the fact of their ethnical convidence and even if their is a discussion.

  140. Sofia

    Hi Marie and all the viewers! I’m portugueses and my country lives in a constant recession, economical crises, almost for twenty years. A family who’s couple work and have a budget of 40.000 euros it’s a great income for my country. This is my budget and my husband and we, since we met and live together, always want save money to live our dreams. We practice minimalism, declutter and financilly organization a long time, before all the web comunity talk about it. exactly because we don’t have other choice.
    I don’t know if in America know about this tool I use to my finance organization, Kakebo, but it’s very similar with the latte effect that David speaks. Kakebo is a domestic financial planner, the origin is from Japan, and it is the most valuable tool that we find to get on track on our money. And with a small budget, we have 31 and 27 years old and we have no debts in credit card, we already paid 1/3 for our home and we paid all our weeding with no extra helps. Justo because we paid ourself first, we stablish a week budjet with so money save goal every month. And we save every single month. If that is times that is very complicated, because apears and unexpected expense, or one of us get sick and can’t work for one or two weeks? Yes, of course. But I’t give more strengh to continue to make savings when everything gera right. Thank you for the video. And all vídeos, I’m a huge fan of all the Marie Team, and I hoping some day can make diference in portuguese people like you do every episode. You are such an inspiration for me. Sorry for my poor english. Thank you so much.

    • Mandy - Team Forleo

      This is wonderful, Sofia! It sounds like you and your husband have some super helpful financial practices in place, and you’re well on your way to achieving your goals. That’s so exciting! Thanks so much for sharing your insights with us. 🙂

  141. Yes! Please write more book on sabbaticals. It is an area I am exploring and would love to hear from someone who did it successfully.

    Many thanks to both of you for such a wonderful informative interview. I read the Smart Women Finish Rich book just out of university and it changed my life! Thank you.

  142. Sonia

    Oh My!
    That was amazing.
    I was praying about how to manage my money. Prayer answered.
    I am applying what David said about the buckets.
    I started looking if I did what he said with my little paycheck, could I survive? Well, I can !
    I’m seeing my bank tomorrow to automate for Buckets # 1, 4 & 6.
    I WISH HE HAD GIVEN AN IDEA OF A % FOR THE EMERGENCY & DREAM ACCOUNTS !! It would be awesome if he would here !
    Thank you. This was an awesome experience.

    PS: PLEASE answer to Laara’s question !! Thank you !

  143. Lacy

    Just watched this!! I’m so inspired. Yes sabbatical book for sure. I started a Facebook page called vacation awareness!! I was and still am so annoyed we don’t get more time to enjoy life.

  144. Kehaulani

    This segment with David Bach was inspiration LATTE! (lol) I enjoyed all 40 + minutes of the video. It was so good, I shared the video with my hubby because there were some key points discussed and will definitely help us. Thank you 🙂

  145. Perfect timing! I just happen to hand in my paper work for a 1-year personal leave yesterday. My life may be on a smaller scale than David Bach, however I got to a place where I was also feeling older than I am, unhappy, unfulfilled, and just “blah” when I know better because that’s what I teach. Luckily, I got myself and my finances in order so I can do this. After being in debt for several years, I paid off my debt last year and have been saving ever since. I have an emergency fund and am paying myself first. I finally get it and get that it’s my responsibility. It’s so very powerful to be responsible for myself, my money and my happiness. Thank you for this video.

  146. Donald hightower

    Hi Marie another great open and honest show about personal finances and other important topics. I really appreciate the way you and David were so candid about the lessons you have learned through the years about taking care of your personal finances. You really made me focus on looking at my Will and finances again. By the way i accept your personal challenge and i will go to the link that you posted to let you know how everything turned out for me and my family. Thanks again for the knowledge and keep inspiring others because the world needs that special gift that only you have.

  147. THANKYOU for a wonderful episode. I took 2yrs off to write 3 books and launch my brand IMAGE (all about taking care of your spirit,soul & body). I now have a global business and would advise anyone with a dream in their heart to find a way to get it out. Thanks Marie and David that was such a treat!!! Many blessings from Downunder.

    • Mandy - Team Forleo

      That’s AWESOME, Kerrie! So glad you were able to take a sabbatical to write your books and launch your brand. We’re thrilled to hear you’re doing what you love and inspiring others to follow their dreams. 🙂

  148. Sue

    Talking about taking sabbaticals is my favorite part of this video. So many people are burned out and exhausted. How can you even get present to what you truly value if you don’t give yourself the room to breathe and think and dream about what matters?

    • Mandy - Team Forleo

      That’s a really good point! It’s hard to think long term when you only have time to focus on the immediate.

  149. This episode was SO good on so many levels. In early 2014 I ditched my cubicle job when an unexpected contract job opportunity came my way for more money than I made in a year in the span of a few months. And I have not gone back to full-time work since, because I don’t want to lose that feeling of freedom. I completely agree with and understand the sabbatical. After having a year off from full-time work, for the first time in 25 years, I decided I would only work jobs I am interested in and that seem fun, regardless of what the pay is. I spent way too much time working at jobs I did not like because I thought they gave me security. I have found I value freedom so much I am willing to put up with a certain degree of uncertainty surrounding my finances.

    Of course, being single, that is an easier adjustment to make. I moved out of my apartment in late 2014, and spent all last year renting rooms from friends so I could keep my living expenses down and get present with my finances. In fact, I’m still doing that now so I can continue to refine and define what is important to me, what makes me feel rich. After making more money at one time than I ever had, with the contract job, I loved it. I was able to help people and did not have the stress of worrying about affording things. It was a short-term thing though, so I still had financial things to figure out.

    Earlier this year, I started counting, writing down my every day expenses and how much I was bringing in. Not judging, just getting down and dirty with it. I had huge holes where money was draining out, but I didn’t know what I didn’t know at that time. It was tough, but I did it. Kate Northrup’s book, “Money, A Love Story”, which I came across on an episode of MarieTV, really helped me get clear. Now that I have brought everything down to the foundational level, I’m ready to rebuild my life and pursue my dreams.

    I started two savings challenges this year, variations on the 52-week challenges. I got very real and very honest with myself and realized I was not taking care of me in regards to saving. So this is the year. Last year I had some moments of gut-wrenching panic when I wasn’t sure if I was doing the right thing, or if money was going to come in. As I became more trusting in myself and something bigger than me, money came in from unexpected places at unexpected times. I’ve basically been living at what is considered the poverty level, but have never felt more alive. I needed this last year of lessons and now I’m ready to come back somewhere more into the middle of things with my finances.

    I am excited to read some of David’s books. My latte factor was eating out. “Grabbing a bite to eat” because I was too lazy to cook for myself. Now I eat most meals in, and cook simply and easily. Eating out becomes a very conscious choice rather than something I do on auto-pilot or unconsciously. I spend about 15 minutes every day on finances, checking my bank and credit card balances and getting familiar with my money. I track everything in a basic composition notebook and title it “money love”, so I can make my relationship with money positive. I still have financial work to do, and I’m ready for it. Ready to learn and grow financially, now that I have a much healthier mindset around money. Marie’s episodes are always timely for me, thanks so much for everyone’s hard work in exposing this community to all these amazing people!

    • Mandy - Team Forleo

      This is AWESOME, Jenna! It’s wonderful that you’re organizing your finances in a way that allows you to have the level of freedom that makes you the happiest. Thanks so much for sharing your super smart tips with us. 🙂

  150. Oh jeez, I just looked at how my values fit in with my money mindset and got the shock of my life. My values are Freedom, Wisdom, Growth and I realised that while I’ve been aligning so many parts of my life with those values I’ve just totally ignored them in relation to money. It’s like I’ve just turned my back on it. And now that misalignment is dragging down everything else because despite the opportunities that are opening up in my business and how much I’m loving life, the money is just not flowing and the anxiety is there in the back of my mind all the time. I’m going to change this. Money, I love you. Come in from the cold and have a place around my little value campfire.

    • Mandy - Team Forleo

      This is such an important insight and I’m so glad David’s wisdom allowed you to see the misalignment. But the awesome thing is now that you know the misalignment is there you can work toward putting everything back together and manifesting the abundance you deserve. You got this! 🙂

  151. Marie! I LOVED this video and how it lead to the importance of taking a sabbatical. As a yoga teacher, I am constantly nagging my students and clients to TAKE A BREAK. Why? Because, we take mini breaks in our practice. Stepping onto the mat for myself and others is an opportunity to check out and reconnect with who we truly are at our highest essence. When you depart on vacation, oftentimes it takes a week just to decompress then you really start to do the repair work necessary to restore your body back to health. When we return from our sabbatical, we are energized and enthused to take on the next project / phase of our lives with more vigor. I have explained this process to clients over and over again and I am so excited to hear you and David discussing its importance. Recently a friend and I started a program called the IG Getaway which brings influential figures from Instagram together for one magical weekend of yoga, meditation, exploration and play. What we discovered…everyone was soooo engaged that they dropped their phones to be part of the party. So far I have increased my contribution to my 401k and started putting away funds to launch my own dream business of coaching and owning a wellness center for people to getaway, play, create, engage and be healed. Thank you for this clip! I am so grateful for the lessons you have bestowed on my life over the years.

  152. Cloé

    Thanks again for this beautiful video, as always.
    One question for you all : a friend talk to me about relationship marketing. It looks like for what he said taht it is a good way for complementary incomes (I am not that confident). Did you hear about that? Any advices, recommandations? Much love. Cloe

    • Kristin - Team Forleo

      Cloé, I’ve never heard of relationship marketing before. Maybe someone else will chime in with their thoughts, but otherwise, we always recommend doing lots of personal research on things like this!

  153. Sophie

    Thanks!!! As a result of this episode I now have an appointment to get a will done for my husband and I and I have started the process for a super account (Aussie version of 401k) for my hubby. We have a budget which is a bit like a strict diet, hard to stick to. I’m going to change my inner focus to value driven spending and saving, and keep up my gratitude efforts. For me, gratitude and stopping to say thanks and celebrate the small things, is something I need to consciously do otherwise it gets left to the bottom of the list while sorting family, work and general life commitments. Although our income is going down this year, I feel more positive that we can simplify and stay “ok”. It’s taken many years on this earth to get this far and I’m sure many more until that bad ol’ “scarcity -poor me mindset” is truly in the back seat of this life…. Getting there though! Thanks again for the kick in the butt episode! ?. X

    • Kristin - Team Forleo

      Sophie, hooray for taking action on big things like a will and your super account! It sounds like you and your husband are working hard to do the best for your family. Bravo to you both 🙂

  154. I love David Bach! I read his book, the Automatic Millionaire and it helped me get into stocks and which ones that pay dividends, etc. I am part of a team leading a group of women through a course called BE Free right now and it is all about time and money management so this is perfect! Thank you for this fabulous information. 🙂

  155. You both exude positive, enthusiastic energy! So much was delivered that I simply felt captivated. Love the sabbatical idea that David shared and the idea of living with presence. Thank you. I lead a blessed life and still need to get a better handle on money, investments and getting congruent with values. This topic fascinates me & now I’m inspired to take a money day with my hubby to work out our wills… and keep learning more.

  156. Wow! Thank you so much Marie for having David Bach on your show. I, ummm, can relate to the “not saving for taxes” self-employed catastrophe and I made a commitment that that was the LAST time that was going to happen! I have been working on bringing in inspiration and self learning into my life around money for my second full year of being self-employed and this talk was such a gift. The other thing I wanted to say was…YES! David, I completely encourage you to write your book on sabbaticals! My passion is a blog that I just started recently that focuses on the concept of the “retreat” and purpose-driving ravel and there is basically NOTHING current out there about the importance and benefits of taking time off…I would call it preventative medicine, especially for the millions in this country (US) who struggle with health issues like autoimmune conditions and chronic fatigue yet still have to slog through the day, day after day. A 6-week break or a least some kind of concentrated time off can literally save a life, and definitely make it so much richer. Thanks again for your convo…wonderful and inspiring!

    • Kristin - Team Forleo

      Nikki, I can feel your passion for sabbaticals and time off! We do have a problem in the US with overworking and feeling bad about taking time off, but hopefully that mindset starts to change so people can truly take care of their wellbeing. The fact that it can be lifesaving is reason enough!

  157. Hi, Thank you Marie and David for generously and passionately sharing so many great tips about money!
    Manisha Thakor has been of great inspiration to me when it comes to finances.
    Tracking your expenses and rigorously directing money to key accounts has been empowering and life changing for me! I would even say to do this first before identifying your values…
    Having a close look on how you spend your money will spell out your values loudly without you making any effort! 🙂
    Once again thank you! M 🙂

  158. Marie,

    Thank you so much for your inspiring and genuine videos! I watch them every Tuesday and learn so much. I’m pretty sure my mom is annoyed of how often I send her the videos along with: “YES YES YES YES I NEED TO DO THIS.”

    She’s a good sport 🙂

    Anyways, between you and Shonda Rhimes, I’ve been inspired to make 2016 the year of doing. I dream and dream and scribble down little ideas in my notebook, and yet nothing happens. Why don’t all of my amazing business ideas just magically appear? Because someone’s got to do the hustlin’ behind the scenes.

    So here’s to inspiration, ideas and hustlin’. Thanks, Marie. Cheers!

    • Chelsea - Team Forleo

      Lauren, we’re honored to be a weekly source of inspiration for you, and LOVE that you’re passing along the ideas and episodes you’re loving to your Mom.

      Thank you so much for your kind words, and for being here with us every week!

  159. Loved the categorization of where the money should go.
    Just confirmed that my plans are in line 🙂
    Getting on it!

  160. Hi Marie,

    Thanks for this episode! Taking a sabbatical is something several of my clients have found useful!

  161. Paula

    I always enjoy Marie’s videos. This one was particularly inspiring for two reasons:
    1. Thank you Marie for saying in the beginning of the segment that you take the time to decide if new opportunities might cause you to actually go bigger than you had initially intended and is that right for you and your business. I have often been pushed to grow larger than I believe is healthy for me and my business. It is important to ask yourself is growing bigger really going to get you to your goal.

    2. YES YES YES!! on the “forced” sabbatical. That is the main thing I am working on moment to moment these days. My personal “sickness”, as Marie called it, to over working myself. Which is hilarious because the biggest part of my job is to teach ppl to reduce stress. Say what?! So thank you Marie and David for discussing this important topic and please do discuss it more in up coming segments.

    Thank you!

  162. This was SUCH a helpful episode. Thank you so much for sharing this invaluable info AND for the worksheets. After creating and trashing several filing systems over the years, this filing system looks so do-able and straightforward!

  163. Collin

    Love David! And of course love Marie! I’m very interested in taking a longer break. Currently, I’m an independent contractor yoga teacher so if I don’t work, I don’t get paid. How can I take a sabbatical without taking a massive financial hit. As well, how can I take that break without having to over work to afford it.

    • Chelsea - Team Forleo

      Collin, this is a great question to work through, and something that’s going to be totally individual for each person based on your business, goals, and income. You definitely don’t want to get into dire straights financially by taking a sabbatical, so perhaps it’s a matter of setting the sabbatical as a goal, figuring out a realistic length of time you’d like to shoot for, and then calculating what you’d need to financially support yourself and keep things going during that time.

      Then, from there, maybe it’s a matter of automatically setting a small amount aside each week or each month towards your goal. Or maybe it’s about raising your prices overall. All of David’s books offer sage wisdom around setting goals, and then taking doable steps towards them regularly, and automatically so you might get some more ideas by reading through his books. His “Getting Organized” worksheets are incredibly helpful too, and free! I’ll put the link below.

  164. So good! During the video, I paused it and increased my auto payment to my IRA and sent this video link to my kids and husband. I am stoked! Thank you Marie & David, xo

    • Chelsea - Team Forleo

      YES, Katie — love that! So stoked for you.

  165. Safena

    Thank you Marie and David. You both shared a perfect balance of practical information and heart! I understand the latte factor metaphor. Mine are smoothies and I justify it because it’s a healthy choice but I have a vitamix at home. If I was more organized instead of paying 10.00 a day oh smoothies in a month I would have paid off the vitamix and then it’s all savings. BTW I’m having my smoothies at home but I like to have an addl one daily when I’m out. My big takeaway was just to be more mindful and take some responsibility and accountability. My husband is the main breadwinner so it was actually refreshing for me to get some financial adivce. It felt like permission to take my power back. Hope that makes sense!! Thank you again to you both. Very generous indeed.

  166. Linda Kula

    Hi Marie,

    A big hello from NZ. Thank you for show. I enjoyed learning so much from David Bach and his little nuggets of wisdom. I suppose it is never too late to learn new habits and I sure have from this episode. I plan to factor in a Money Date with my husband and share with him what I have learnt and put these into action ” Automatically ”.

    I look forward to seeing your next show. You are an inspiration.


  167. Kim

    I loved this episode! I read Automatic Millionaire years ago and it changed my life. I have made some progress but have become stagnant in recent years. Its time to review my latte factor and begin to move forward personally and business wise. Thanks again for recharging my soul!

  168. Perfect timing! Thank you Marie and David Bach. Am working on my Money projects so that my money house is in order when I start B-School 2016. Finally going to do it. (Having enrolled at a time when my husband was sick and then died in 2012 I could not focus until now!)
    Time has come today. Ready. set. go. hugs.

    • Chelsea - Team Forleo

      Nancy, so sorry to hear about your husband. What an incredible journey you’re on, and we love that you’re digging in with goals this year and really wanting to gain traction.

      Couldn’t agree more — it’s YOUR time.

      Sending big Team Forleo hugs back!

  169. Devon Reid

    I enjoyed the interview, thank you. I’m currently focusing on money and have never done so before. I have had a great life, full of travel, interesting work, interesting people but never really made much money. So now is the time and I feel really good about getting into the details of my financial life, sorta diving deep into what money is all about and how to organize this part of life.
    Having lived in Europe for most of my adult life and spending many moments doing nothing or on retreat – David’s awareness about how beneficial a sabbatical is, is not surprising. In North America there has been a serious devaluation of rest. I moved back 5 years ago and I see a lot of judgement around rest, presence, openess, nurturing, taking care of self and others. Even when we look at the lowest paying jobs they are ‘service’ jobs – taking care of others, giving service to others, nurturing, caring, nursing others – all devalued. Presence or being in a moment of rest is often ‘judged’ as doing nothing, lazy and so on…It feels that in North America you have to prove that you have made it as a ‘success’ then you are allowed a sabbatical or longer vacation. It is as if you only have this right after you have worked hard and made a lot of money. This type of thinking only leads to burnout, stress, hardened minds and bodies, disconnection from self and others. What David is talking about too, is focusing on his relationships, with friends, with his family and how nurturing and beneficial it is to be present in that moment with people we love and even with any other living being! One comment I have to David is about putting away money for your dreams. ‘then he said you pay your way to your dreams’. I think it is important for people with or without money to learn how to have the dream in the moment – how to take rest without money – how to find some peace in the moment. Not to say we should not dream. It’s really important but I believe your resilience on the way to that dream comes from the capacity to rest, be present and breathe in any given moment and to feel that we deserve that moment no matter what our situation. Thank you again, really appreciated the interview.

  170. Rami

    Thanks you so much

  171. Irma

    Thank you for such a wonderful interview. These insights remind me of a really great and fresh author, Emmanuel Dagher. His new book “Easy Breezy Prosperity” came out about 3 weeks ago, and has been helping me tremendously clear many of my old financial beliefs that limited my ability to create more of it in my life. I’ve been using his 28 day prosperity plan, and it has been making a big difference. What really connected me to Emmanuel was his story. He overcame living a war-torn country (Lebanon) where he lived way below the poverty level (no water, electricity, bed, sometimes food, and safety) to being one of today’s new voices for bringing positive change to the planet. I love the synchronicity of seeing this post, and the message in Emmanuel’s book.

  172. Janine

    One of Marie’s best! David’s enthusiasm is contagious and makes me want to do the dreaded: track my spending!!! Looking at my money relationship through the eyes of my values makes so much sense. I think it could be the thing that finally works for me. Making sure my children are financially secure and that I too can be financially mentally unencumbered are my most important values. I want to love money and create a super healthy relationship with it just like the relationships I want to have with my children and my soul mate. David inspires me to finally go for it, moving past my blocks. Thanks Marie for another amazing and thought provoking episode. Thanks also for living your purpose which is an inspiration to so many.

    • Chelsea - Team Forleo

      Wonderful, Janine — love your share and excited for you about your new money lens. xoxo

  173. Gillian

    It is so weird that last week I met with my finance guy who said that I should increase 401k payments and now I’m listening to this. It’s in the stars! Now I have no choice but to do it.

  174. Roberto

    Thank you for this awesome video, I learned a lot. However, I would like to know if the book, first women finish rich, is for everyone, or only for women.
    Thanks in advance!

    • Chelsea - Team Forleo

      Roberto, that book specifically is written to women, but the wisdom shared inside could apply to anyone. David has also written many other books, so you might browse through the list on his website to read the descriptions and see which one best matches where you’re at and the goals you have:

      You really can’t go wrong!

  175. Ina

    Great talk, most important for me to overcome the fear of charging clients money for the value I offer! Regarding the Latte Factor, from what I can expect an annual rate of return of 10%? Thank you for any suggestions.

    • Chelsea - Team Forleo

      Hi Ina! David Bach shares some wonderful tools, links, and strategies around making investments and meeting your financial goals on his free resources page here:

      And, of course, all his books are fantastic!

  176. lia

    Hi Marie!
    Thank you so much for your inspiring interview with David Bach.
    I am a hopeless spender but a “good soldier,” so the tips and challenges you gave me will be perfect to start building my first 1000€ savings deposit!
    My latte factor is mostly concentrated on food (as most Italians!) and pet shopping and I don’t set aside money for my retirement (I’m 42) or taxes…I’ll start from there!
    Please keep doing what you do best: inspire us!!!
    love you all

    • Mandy - Team Forleo

      So glad you’re making some great changes! We’re cheering you on.

  177. Well that just solidified it! I had been hoping to take a week off in February and wasn’t sure if I could afford to. As a self employed person it feels super tricky to make time off happen! But now I see I need to. And next year – I might take two. Or six!!!!

    I coach on lifestyle – I guess I better start living one I am happy with!!!

    • Mandy - Team Forleo

      Woohoo! Have a lovely vacation! You work hard and you deserve it. 🙂

  178. Wow, just wow. I watched this episode and was blown away. I went right out and bought the book SWFR and already it has started to help and I’ve only read a few chapters. I was flying to Los Angeles on a late flight and usually I sleep but I simply couldn’t put the book down. It makes so much sense that it is mind boggling that it shouldn’t be required reading in school! I’m giving copies to ALL my girl friends and my sister-in-law! Thank you so much for this episode and thank you for all that you do!

    • Mandy - Team Forleo

      That’s awesome! So glad you’re enjoying the book. We agree—it should be required reading in school. 🙂

  179. Rachel

    I was so excited about this episode because money is one of my favorite things to talk about, too! My sister came out of the womb budget in hand, while I am more about keeping one eye on the prize (values) and the other on the balance sheet. We’re both savers, and we talk about money at least once a week.

    My husband and I are constantly dreaming, scheming, and evaluating our income and spending to make sure they’re in alignment with our values, so it was AWESOME to hear David say START with VALUES!

    Our values are 1. being able to keep our kids home (homeschool nerd alert) and 2. investing in real estate. ALL our decisions have to align with these things. What that looks like is my husband doing social work (NOT a high-paying field) because it allows him to work mostly at the house. And I am paid about half my industry value because I work for a small business, but my boss allows me to telecommute half the week. So while we could both be earning considerably more money, the trade-off is not aligned with our value to have our kids at home.

    In high school (’98) I took budgeting course. My teacher said saving $2.74 per day equals $1,000 over a year, and that simple fact has driven my spending through my adulthood. It’s never been about how much I made…it was always about how much I was able to keep. We’ve had many broke-as-shit years, times when the literal only thing we could possibly cut out of our spending was the $9 for Netflix. No date nights (or even drive through), no new clothes or vacations or health insurance. NINE DOLLARS a month was the only negotiable line item. And I just couldn’t cut it because it was the only “splurge” we had. Those years with no saving were the most stressful years. (My dad would say “We were so broke, we couldn’t pay attention.”)

    Those years are also a gift: they kept us honest and hard-working, and they taught us how to be a team and create our own way.

    BUT, in the years that haven’t been as lean, we always automated our savings and pumped money back into emergency funds. We’ve taken calculated risks and now own 3 houses (2 are rentals) with plans to buy a 4th this year. We’re in our mid-30s, have zero debt, passive income from real estate, and a modest net worth. Even with a comfortable income, I still weigh every purchase against that $2.74/day. Because yesterday things were rough, and they might be again tomorrow. But I’m not nearly as afraid of starting over as I once was, having done it several times now.

    This episode challenged me to get off my butt and get that estate planning going. It’s on my list for tomorrow! And I calculated what 30% of our monthly income is, and I increased my automated savings to that amount. Paying myself first! The very best part is that I’ve been trying to talk my husband into taking a leave of absence. Just one month away from the work that’s starting to wear him down. I shared this episode with him so he could hear David’s enthusiasm. 🙂 And I’m going to stay on him until he contacts his boss.

    So thank you for such an encouraging episode. I feel like we’re on a good path, but it was perfect to have some next steps and challenges to focus on.

  180. Wow. Wow. Wow! So I am truly touched and blow away by all the incredible comments. Marie, I adore you and just think you are incredible! Thank you so much and your amazing team for all the service and blessings you provide in the world. To this incredible community, THANK YOU for sharing so openly and positively. I am honored, humbled and grateful to hear that my work and this video interview with Marie has helped you so much.

    I just had to stop in and say hi and thank you!

    LIVE RICH everyone. Have an amazing week!

  181. Hey David & Marie, Good Stuff Here!!
    Ok, I got my Latte Factor (I eat out too much) and can save at least $50 a week for the next 15 years. My husband has a 401k plan but I’m self-employed. Where should I put MY $50 a week?? Traditional savings account?? Paydown CCs?? Something else?? Which is most liquid/without big defaults if I actually have to cash in??

    • Chelsea - Team Forleo

      LeeAnne, knowing your Latte Factor is huge so that’s a great start. As far as what to do with the $50 a week, David shares his order of recommended automatic payouts so to speak in this episode. But he also shares tons of wisdom in his book Smart Women Finish Rich, and I think you’d love the directions and value-centered approach. The link to that book is up top.

      He also has tons of free resources you can explore for ideas on what to do with your $50 a week. One of the things that can be so powerful is the idea of automatically taking that money and redirecting it where your values are — we should never underestimate the power of automation when it comes to our money.

      Hope you enjoy those resources! Thank you for tuning in.

  182. Mary

    Hi! I do budget and I do pretty well, however what kills my budget are birthdays, weddings, sick people. Yes birthdays, kids parties, coworkers birthdays, spouse, my own kids, etc. Also when someone gets sick or a promotion, I tend to buy gifts or gift cards or I pick up the tab at lunch. I dont go crazy I still set limits but sometimes I really don’t have it in my budget and it adds up! How do I stop that without the guilt, the need, and without going broke?

    • Kristin Team Forleo

      Mary, that’s SO generous of you to always be thinking of how to take care of other people, or how to celebrate them during special times. The first thought that came to mind is this: what if you reframe the way you give gifts/gift cards/lunch tabs? A gift can be inexpensive (or free) and still tremendously special. And I’m sure lunch tabs can add up. What if you picked up coffee for that person instead? That way you’re still extending the gesture of caring, but also being conscious of your budget?

      I truly believe that small gestures of care mean just as much (and sometimes more!) than big ones.

  183. HI,
    I found it a fantasist video. I love it so much! To be honest , I didn’t know David Bach . He inspired me a lot … not only just the aspect of “money” but it went beyond that. It is like new idees coming into mine head….
    I have a very busy practice . My body forced me to get out. I became sick. The best thing that happened to me. Now I work much less. And 1 time per week I take a day all to myself, a Sabbatday … time to read , to do a long meditation , a walk, a lunch with friends , a day of shopping … I earn less, but the space I get for myself…..influence mine live on a positieve way!
    Els, Europe, Belgium

    • Mandy - Team Forleo

      Wonderful, Els! I’m so glad you enjoyed David’s wisdom. It’s great to hear you’re able to work less and have more time for yourself. That’s so rewarding! 🙂

  184. Rebecca

    Hey! I’ve never left a comment before, but after seeing this video and diving into David bach’s books, I just had to write in. I pulled up all our transactions for the last month and holy cow! We did not have a latte factor, but we did have a corner store factor! Subtracting gas from the amount, we were spending about $150 a month at the corner store, add eating out to that and we are at $250/ month. Sooo I talked to my husband and our plan is to spend a set amount at the grocery once a week and not spend anything else all week (unless it’s absolutely necessary). This was week one and we did it!!! After listening to David’s books, I feel confident that we can get out of debt and finish rich. We have 3 year plan to pay our debts while at the same time paying ourself first. For the first time ever, I feel like we have more than enough and we can be free from debt. Thank you so much Marie and david. So much love to you.

    • Kristin - Team Forleo

      NICE, Rebecca! Congrats on taking action. Keep us posted on how it’s going!

  185. Wow – so much to say about this episode!

    First, I left the full-time job market in June 1999 to pursue my WHY. I have been running a nonprofit consulting firm ever since & have raised more than $72M for 200+ nonprofits! But that’s only part of why I got out — I left primarily because I wanted to be present for & engaged with my son, who was 2 yrs old @ the time. You see, I’d just dismantled my marriage (Nov 1998) & was fed up with feeling like I didn’t have enough time for him. So I left my FT job & took a huge leap of faith out into the unknown.

    It wasn’t easy @ first — esp bcs I was not getting any child support — I did whatever it took to make ends meet, including taking on work I was less than excited about & a bunch of adjunct teaching gigs. Now I’m in a position to pick & choose what I do — and, I still love my work!

    Best of all, I have an INCREDIBLE relationship with my son! I was there for school concerts, know your school night, his soccer games, ski races, etc. Hardly missed a thing! And it felt so good — so RIGHT — to be a fully engaged, present Mama, investing my time & energy in my child. This kid totally knows his mother has his back & it’s allowed him to successfully launch his own life, in which he is pursuing his own dreams. He’s off @ college now, study sound recording technology (he’s been producing his own music since age 11!) — I couldn’t be more proud!

    Second — I must embarrassingly admit that I BLEW IT with a rather large sum of cash I inherited. To this day, I can’t tell you where it all went. The only upside is that I learned lots of valuable lessons. But Oh! How I wish I still had that $$ in the bank!

    Third — Despite my entrepreneurial success, I still do not have life insurance OR a retirement account, NOR do I put away $$ for taxes. I do, however, have a living trust that I’ve gone over with my son. After watching this episode, however, I am motivated to rectify all of this pronto, as it’s heavy on my mind & heart. That sense of relief that Marie talked about after taking care of her will is how it will feel to put these things right!

    My fourth — and final — comment is that I took a sabbatical this year. I took off from work from Nov 30 – Jan 30 and it was one of the best things I have ever done for myself! Part of the time was spent abroad — I went to Paris for 4 days, was on retreat in Bali for 8 days, then came back through Oslo & Amsterdam. I worked my ass off from August – mid-Nov to make this happen & am sooooo glad I did! I plan to do more travel — I might teach in Poland this summer & go on a photo shoot in Belize in the fall.

    I might not have a lot of extra $$ in my bank account, but I’m living proof that you don’t need a lot of $$ to live the life of your dreams!

    • Caroline - Team Forleo

      What a lovely note, Sarah. Thank you so much for sharing and being such a beautiful example that we don’t have to be rich to make our dreams come to life! <3

  186. Kamla Webb

    I loved this. Its really practical. I have a good little strategy as I am a obsessed saver. If I say have $100, I will pay what I need out of it (bills,mortgage), then what is left- half will go to savings , 25% to what I want and I use the other 10-25% on my family friends or charity (anything left if I don’t spend-savings). I always save and always give myself the option for a little spending money and extra savings if I don’t. An emergency account is a must. there has been 2 times I have used it and wouldn’t of known what I would of done without it!
    loved this!

  187. Maya S.

    Thank you for this video! I have been looking for resources to help me radically transform my relationship with money and this is definitely what I needed. I look forward to checking out David’s books and figuring my money stuff out. Also, I was so happy to hear what you guys said about Americans overworking themselves and not having a healthy work/life balance. Ugh, I have been disgusted with this hustle, hustle, hustle mentality in this culture for so long because it honestly makes people so crabby and unable to act like decent human beings at work and it’s sickening! Thank you for having a more elevated view about this workaholism in our culture. I’m right there with you guys and look forward to when all that changes for good. There seems to be shifts happening already–like your discussion about it in the video–so, I’m hopeful. Cheers! 🙂

  188. Wonderful video! Thanks for sharing.

  189. Lidia

    Loved this interview, with many aha moments and love, love, love the idea of a sabbatical! There’s so much guilt associated with taking even an afternoon off that I think we need this kind of information in our life! Thank you both for this amazing interview!

  190. Anette

    Great show! I would so encourage everybody to take a sabbatical year. I took mine when I was only 29! You dont have to wait until you are 40, 50 years old. And if you cant take a whole year then try 6 months or 3 months or 2 months. David was saying that it took him 90 days to find himself again and it was the same for me. It took me 3 months to feel totally de-stressed, relaxed, joyful and calm. SO put some money away in your dream account and do it!

  191. Loved the video. The whole idea gives me hope and also challenges my fear about not having a enough time to make a difference as I’m close to retiring and want to make it happen sooner than later.

  192. TG

    Only came across this video by chance. Just loved it, and now off to listen to more MarieTV. Not sure if anyone will read this comment because this video was done a couple of months back, but thought my experience would be of interest.

    I first came across David Bach some years ago, following an impulse airport purchase of his ‘Automatic Millionaire’. I was intrigued by it, and started following some of his advice. I also sent a copy to both my grown up sons. Some of it was so obvious, it was a real ‘kick myself’ for wasting so much over the years.

    On the sabbatical, I think they are great. I decided to take one in 2010 for 5 months. I was tired, couldn’t see where I was going. (Aged 54, empty nest etc). I had an elderly Mother, who was just turning 90 and I wanted to spend time with her while I still could. I had spent the previous 2 years mainly working abroad, not through choice, so I was resentful of ‘work’ interrupting my family life even more than it had done for the last thirty years. .

    It was transformational. My husband and I did a huge ‘money review’, cut back on everything. And in answer to Gill’s earlier comments, yes, I was fortunate I had things I could cut. I used the time to work out what I wanted to do. Answer – retire early, but still be able to live a non-poverty lifestyle. So I started planning how much money I needed to do that. We had always been good savers, but not in this league.

    In the time off, we had got used to not having my salary, so when I went back, I put all my salary away, either into a pension pot, (big tax benefits), or into savings. I had discovered a new hobby – making jewellery, not only was I good at it but it was an additional source of income. We continued to live on very little, we increased my husband’s pension contributions. I discovered all the ‘best offers’, and by the way, an offer is only good if you need the item, not if you are going to throw some of it away! Even better, we now had a focus on how we wanted to spend the rest of our lives.

    I sat down and worked out what was the minimum we needed to live on, set aside for holidays, (we live in UK, one son lives in NZ, so travel is a must), change the car every 5-8 years, some house repairs etc. How much income our pensions would bring in, and when they would start.

    Result – I went back to work in September 2010, and retired for good in January 2012. My husband went to half-time working, in July 2011, but in his own time, at home, rather than going into the office. We have now been retired for 4 years, and have not been happier. Our income is about one-third of what it once was, we feel well off. Our needs are few. No lattes, no work clothes, no daily commute costs etc. We have time to make meals, with low cost ingredients, not buy ready made. Overall a vast reduction in our spending matching our reduced income. We are still able to save and even better have the time to travel. We are healthier, we take walks, go to the gym, we are not tied to PC’s, or an office. My husband continues to work because he wants to, not because he has to. That in itself removes a huge amount of stress. I had a lovely few years with my Mum that I wouldn’t have had if I had continued working.

    As I write this, I am sitting in an apartment in Spain, rented for 2 months, off season (very cheap). Return flights from home were £100 ($130), the weather is better, our living costs are less, and we are challenging ourselves every day. I have had to learn basic Spanish just to buy food! Our friends and family have come to stay for a few days, they have had a holiday, we have enjoyed their company, but also our peace, when we are on our own… I have a house guest looking after my home. (Not rented, but I could easily have done so, which would have balanced the cost of the apartment rental).

    I bless every day, I picked up David Bach’s book, and even more the sabbatical which got me off the treadmill and gave me the time to focus on what I really wanted to do. It gave me my life back.

    • Kristin - Team Forleo

      That is an incredible story, TG. Thank you so much for sharing it with us. You’re an inspiration!!

  193. TG, well I just came in here two months after the fact and read your comments and I thank you for sharing! I’m incredibly impressed and inspired by your story–its a true example of living rich! Congratulations and big hug and high five.

  194. Shannon

    I love reading money books in general, even when I was pretty poor and wondered how the list of tips would ever apply to me! Back in my 20s when I couldn’t possibly find any more ways to cut spending (there definitely was no latte factor), yet I still enjoyed the message in Bach’s books. I read them all. Millionaire Next Door also opened my eyes to what your millionaire looks like. Not all books always applied to me at that life stage (as in, people spend money on food and coffee they can make at home, everyday?), I kept reading; it was like training my habits for the FUTURE. I understand the ‘classist’ feel it had at times, but there is still value there.

    I’ve heard the pay yourself first mantra and live it today. Now it’s been at least 15 years since I’ve read Bach’s and other books, and we’re in a much better position to pay ourselves first. It started with about $50 a month to two Roths (which was very hard back then), and now we’re saving over 50% of our income before it goes to anyone else (yes, in pre-tax retirement accounts plus some Roths for after tax).

    Our plan so far: set our take home pay (by adjusting the automatic contributions) so that is it what we use to live on every month. It’s pretty even steven. Of course the checking has a buffer as not all months are exactly the same (and allows for a few larger, errant purchases), but we’re pretty much on cruise control as far as spending. The rest we don’t see or spend, because it’s automatic. Anytime we get a raise, we say what else can we open or max out? I think we live a pretty good life, and don’t need the newest and best things money can buy. We always mix in a bit of frugality even when vacationing.

    • Mandy - Team Forleo

      Nice! It sounds like you’ve got some really helpful practices in place, which is awesome. 🙂 I’m so glad you like David’s books, too!

  195. I was googling the latte calculator as I heard of it a year or so ago. I wanted to blog about it. I smiled from ear to ear when this came up after my google search. To see Marie interviewing the creator of the Latte Calculator and to learn so much about David Bach just inspired me more with everything I am up to. Thanks for another incredible interview Marie and I have some amazing books to add to my list.
    Feeling quite empowered right now. Nene. xx

    • Kristin - Team Forleo

      That’s wonderful, Nene! Thank you so much for tuning in!

  196. So this video was posted in January and I just watched it now, in September. I have to say that as an entrepreneur who works in seasons (I’m a wedding photographer), it’s absolutely necessary to pay yourself and of course direct some of your money to other accounts. This video really confirmed that you need to do this! Earlier this year, I gave birth to a beautiful baby girl and so I had already taken time off to heal and be present with my newborn, but a couple months later my father-in-law fell ill quickly and passed away suddenly. My partner’s family is from New Zealand and since we’re in Toronto, Canada, we had to find flights last minute. These weren’t cheap and almost $5000 dollars later we were able to make it there and back and be able to pay our flight credit card debt almost immediately using our emergency fund. Life is not easy, but having savings is crucial. During this time, as both Marie and David insisted, I made sure to be honest and be my authentic self. I didn’t shy away from the fact that I was having a tough time to my clients and of course they all gave me a little grace and I was able to work with them to make it all work out in the end. Life is full of love and sometimes having a little extra cash on the side is extremely helpful when times get a little tough. It’s definitely about living ‘your’ rich life and putting what’s important aside for yourselves! I wish everyone the best of luck and hope to consistently save and be present for my family and of course run my business as smooth as possible.

    • Kristin - Team Forleo

      Joti, I’m so sorry to hear about the loss of your father-in-law. What a relief that you were able to get to New Zealand, and you’re so right — it’s helpful to have a little money set aside for the unexpected tough times in life. I’m glad this video was helpful to you!

  197. I loved this episode! I really believe it’s the small things you do that can create big changes in your life, just like the latte factor. I’m doing the challenge of writing where I’m spending my money and so far it’s pretty predictable (coffee/tea/croissant) which is about $6 each time, but the dinners out where I mindlessly hand over my credit card without really looking at what the price is… yikes! My next step is to go over my last month’s credit card statement and review what I’m spending my money on… this is going to take some guts to review, but I know I have to. Thank you Marie, I heard this message loud and clear!

  198. Safiya Robinson

    So many thoughts on this! First – thanks for a great episode. I will be taking a sabbatical in the next two years. I wanted to do it this year, but surprise surprise – I didn’t have enough money saved! I love a lot of the points that are made. I love the idea about automating vs budgeting, but I am self employed and income varies from month to month (while bills are constant) and I have always struggled with working out a system to deal with this, even budgeting for short vacations (let alone a sabbatical) and in addition, almost none of the items he mentions are automated for me. I still get paid by check, and pay everything by walking up to someone and handing them something – be it a check or cash (including my rent, bills, even income tax!). I should mention that I do not live in the USA. But I have decided that it must be possible and so I am on a mission to find a way to do it. That magic pill that is inside of everyone – I think I must have spit out the organisation pill, cause it definitely isn’t inside of me. But on my journey towards mastering my money mindset I think I will try to read one of his books. So the only question is…. which one first? Thanks again team Forleo for a great episode.

    • Liz Snell

      “spit out the organisation pill” that’s funny and I can relate to your pain.
      If it makes you feel better the most organized people I know admit to also being OCD so there’s always a balance 🙂

  199. Victoria Scranton

    I am rewatching this episode – wonderful stuff and he is sooooo funny :)) …I am back in the US after having lived in Europe for the last 6 years and my question to corporate America is – how on earth is it possible that people only get 10 days of vacation? Why are Americans OK with it? Why aren’t they complaining is what I want to know 🙂

    • Hi Victoria,
      I’m from Barcelona (Spain) currently living in Columbus, Ohio, and I think exactly the same: how is it possible that people here only get 10 days of vacation?
      Also, I’ve heard many professionals don’t want to take all days together because the company they work for might survive without them and they can be seen as “non-necessary”. I think it’s crazy but I guess the pressure is real.

      • Liz Snell

        It’s a North American Culture for Sure Miriam and Victoria. I am in Canada and we suffer the same mis-placed belief in work demands. I work full time and run a side business, evenings and weekends. For years I thought I couldn’t take a vacation from my business between April and December because that’s when our sales events happen every weekend. But when I had to do it for a funeral, (sad reason to discover a wonderful thing) I realized I had people I could trust and I could allow myself time away to take care of myself. More vacation time means a healthier more productive me.

  200. I finally got my will… enlisted a legal plan – check it out – and I review it annually!

  201. Such an empowering and wise video. Thank you!

  202. Soooooooo gooood!!!!!….. Can’t believe I didn’t watch this earlier. Thank you Marie & David!!!
    P.S. I actually have no latte factor…! (If anything, it would be education & traveling – but these are both an investment in myself…!) I spend close to nothing on an average day (we do a big weekly grocery shop in the house I’m sharing with friends, which covers all meals if we’re organized enough! Cooking dinners for each other, where everyone takes a turn once a week, also saves a ton of time & money..!!), but then splash out during holidays, treating myself and my loved ones – and I wouldn’t have it any other way. I save a lot of the little money I make, but never organized it into “baskets”! LOVE IT!

  203. Love the Money Date idea from -> Set aside time when you’re ready to talk about it. Money conversations may not be the hottest but are so necessary.
    This has been one of the best episodes I’ve watched so far, keep it up Marie!

    • Caroline - Team Forleo

      Thank you so much, Miriam! We’re so glad you’re enjoying our episodes and this one in particular! 🙂

  204. Kim

    The Latte Factor – That’s me. . . that’s (one of) my (many) financial problem(s). But what I also gleaned from this was the Latte Factor when dealing with client billing. All of those little help calls, emails, small tweaks, etc. add up and if I’m not billin’ it, I’m not gettin’ it!

  205. This was an amazing interview. I am going to buy “Smart Women Finish Rich” for both my daughters (23 and 28 years old). I am traditionally always looking to review my spending habits. David is right, I’ve budgeted until I’m blue in the face and I always break the budget. Lifestyle change (like with losing weight) is the only thing that works for maintaining healthy finances.
    What I really wanted to share, speaks more to the 2nd part of the challenge and to automation. I have just recently set up an all-in-one account (a combination between a line of credit and chequing account) which calculates interest daily. All my $$ goes in and all my expenses are paid out of the account instead of keeping savings separate and earning virtually 0% and I have already saved $50 in interest over 2 months.

  206. Molly

    I was excited to hear David talk about his sabbatical as I’m about to take a year off from my job. I’ve been at my job for 25 years, and I will celebrate by taking the 26th year off! I’be been planning financially for a year, and it took several passes of looking at the “books” to make it happen. I have a friend who is financially savvy, and we sat down and looked at everything: what we spend a month, how we could change how we’re saving, etc. We met in August of 2017 and put some things in place. We met again in October, then February, and finally April. Every time we met we tweaked, reevaluated and planned. It was a bit scary at first, but by 6-9 months in, I could see that this was going to work! By most people’s standards I don’t make tons of money. But, by planning way ahead, I could make it happen. I am lucky enough to have a job where I can take a leave and still have my job on the other side. I’m also lucky to have a partner who will be working during my leave, so we are not entirely without some income.
    I did cut out several monthly expenses and I always took my lunch or dinner to work. I also tried to prepay as many things this year for next year so my out of pocket expenses will be lower. We also identified our household’s rock bottom monthly expenses, and then projected what I would need per month to make up for my lost income. That is how I came up with my savings goal.
    I am very excited about my upcoming adult gap year. You have to open up space for something new to come in, and you need to fill the well. That is what I hope to do in this next year. (starting July 1!!!)

    • Molly

      PS- I agree with David- there are not many resources about sabbaticals! A book about it, especially from the financial side, would be great.

  207. Hi there to all, it’s in fact a good for me to visit
    this web page, it consists of precious Information.

  208. Naveen Kumar

    Hey Marie!

    Just watched this video and find really helpful.
    When i click on link to download files
    Finish Rich File System
    Latte Factor Calculator
    There is no down-loadable file available. Kindly share file with me.
    Eager to hear from you.

    • Mandy - Team Forleo

      Hi Naveen! It looks like David may have removed the Finish Rich File System from his site (I wasn’t able to find it), but the Latte Factor Calculator is on this page: Enjoy! 🙂

      • Naveen Kumar

        Thanks for your kind effort. I have already downloaded this from his site but unable to find Finish Rich File System for which i googled but unable to get that.
        thanks in advance.

  209. Raina

    Marie, I always come away from your videos (and guests) with some really big “Aha!” moments, and this one is no exception. Sorting out my next steps, is another matter.
    I love the idea of paying yourself first — retirement account and emergency fund — and then paying all the bills and saving for your dreams.
    But what do you do when there just isn’t enough to go around?
    After freelancing for 14 years, I recently went back to work 7 months ago as a graphic designer. My husband has not had a full-time job in almost 2 years. After I decided to get back out there and find work, I guess I was expecting things to get much better financially. But that hasn’t been the case – I’m away from my family, and feel we’re still broke!
    After 7 years of off and on government assistance to buy food (which felt demeaning since we both have college degrees), now I’m the bread winner. I am away from my 3 school-aged children and commute 2 hours a day. And we still can’t make the bills. We have a mortgage, 1 car payment, credit cards, insurance and all the regular bills + a horrible deal on financed solar panels (in a lame attempt to “save money”) and we fall short about $800-1000 every month.
    I would love to pay ourselves first, but it looks like we would just get farther and farther behind if I did.
    I guess my question is this … how long do I give this situation, before something has to drastically change? How long can we continue living on 1 income before we need to reevaluate owning a home and all the things attached to it? Practically speaking – I can tell you the credit cards will be maxed out in a matter of months at this rate, if we could even afford the payment. We know houses don’t sell overnight … and bills still need to be paid.
    In listening to the video, I realized I value: comfort, relaxation, family and travel. Our house is in need of repair, the lawn is seldom mowed, and travel? Unless it’s on credit, forget it. And then my husband and I spend most of the vacation either arguing about how much the kids’ food cost and should we order cheaper items for them (I say no, he says yes) – or drinking to forget all the stress. I’m not pleased with the person I’ve become in those instances.
    I could sure use some words of encouragement and logic to see the light in this situation. I’m tired of working my tail off, only to come home to a broken house and kids I haven’t seen for 12 hours. I didn’t leave my babies for the situation to stay the way it is. I did what I did to show them that hard work and an education can help you live the life you want to live! So we could all do the amazing things I imagine for our family. Thanks for any thoughts or advice ~ Peace!

  210. Loooved this episode! For the challenge, I will increase my savings on each pay from 10% to 15%!!

  211. I appreciate interviews like this, with practical topics with useful information about health, finance, helping many people. I have to admit, when I make money, along with that I have to have a healthy health. So I chose to enjoy my life from simple things to make me happier, I love to make coffee, enjoy delicious meals and chat with friends.

  212. Sherry

    This was a great interview to watch, but I wonder what (if any) the suggestions are for people who currently don’t even make enough to cover their bills. Just get another job?

  213. Zaide

    I know that this post and video is super old (I have seen David Bach return to MarieTV with the book The Latte Factor). But I want to comment in the importance of not only having extremely helpful videos and interviews but the actionable items or challenges for the audience. The first time I watched this video about 2-3 months ago, I actually went ahead an increased my 401K contribution. And today after re-watching this wonderful video, I went and checked on my 401k balance, and it has increased in more than 23%!!
    Marie and Team Forleo, your work is incredibly inspiring and I only hope that it continues forever and ever.

    • Renee – Team Forleo

      Wow – this is incredible, Zaide! Thank you so much for sharing this, and congratulations! We’re so glad the video and strategies helped you reach this big goal, and don’t forget: it was YOU who took action to make it happen. Great job!

  214. I loved this episode! I spend so much money on remade/packaged food, which I should really be saving and investing- this episode really made me stop and think about what I want from life! I’m definitely going to be putting more aside from now on 🙂

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