Even if you make a lot of money, it doesn’t necessarily mean you’re building wealth. That’s because the more we make, the more we tend to spend. With small simple steps, you can take to find your hidden money and put it to work building financial security for you and your family.

So, are you richer than you think?
It could be so…

ScotiaBank has been working with David Bach, international bestselling financial author, to help its customers learn simple, common-sense methods to becoming financially better off. You don’t even have to be a customer of the bank, however, or attend one of Bach’s seminars in order to benefit!

The bank’s Money Finder Calculator is just one of the goodies you can find on their website, along with practical advice on how to “find the money you didn’t know you had” — like this tip:

David Bach suggests we can do a lot to regain our confidence in our finances if we consciously spend on what we value most. He calls it the Latte Factor™. That is, those small, day-to-day purchases that, when eliminated, can actually provide you with a significant, and somewhat surprising, sum of money.

We all have a Latte Factor, whether it’s bottled water, parking, taxis, newspapers, CDs, cigarettes, or chocolate bars. It really comes down to finding $5 a day that can be saved and invested.

Remember, it’s all about small steps.

Wondering what $5 of savings a day can do for you? Use the Latte Factor Calculator to see how it can add up!

Think there’s no spare change in your budget at all? Check out the free Latte Factor Challenge (PDF file) and find out!

This Post Has 2 Comments

  1. ashok

    I am not giving up my lattes. I want more money now.

    I think I’m going to call Mom and ask for some right now, actually.

    Hope all is well with you; will drop an e-mail soon.

  2. Mitchell Allen

    Before I quit my job to pursue my dream of financial independence, I read David Bach’s Automatic Millionaire. I thought to myself, “Now, here’s a book every employee should read.” The sad thing is, everyone in the office would rather buy the latest thriller than get a book that could change their lives.
    Well, I got out of the rat race.
    My former co-workers write emails – when the boss isn’t looking over their shoulders.
    Don’t let this happen to you. Get the book.

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