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The Latte Factor

Why You Don't Have to Be Rich to Live Rich
Narrated by: Mizuo Peck, David Bach
Length: 3 hrs and 59 mins
4.5 out of 5 stars (46 ratings)

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Publisher's Summary

Discover number-one New York Times best-selling author David Bach’s three secrets to financial freedom in an engaging story that will show you that you are richer than you think. Drawing on the author’s experiences teaching millions of people around the world to live a rich life, this fast, easy listen reveals how anyone - from millennials to Baby Boomers - can still make his or her dreams come true.

In this compelling, heartwarming parable, Bach and his best-selling coauthor John David Mann (The Go-Giver) tell the story of Zoey, a 20-something woman living and working in New York City. Like many young professionals, Zoey is struggling to make ends meet under a growing burden of credit card and student loan debt, working crazy hours at her dream job but still not earning enough to provide a comfortable financial cushion. At her boss’ suggestion, she makes friends with Henry, the elderly barista at her favorite Brooklyn coffee shop. 

Henry soon reveals his “Three Secrets to Financial Freedom”, ideas Zoey dismisses at first but whose true power she ultimately comes to appreciate. Over the course of a single week, Zoey discovers she already earns enough to secure her financial future and realize her truest dreams - all she has to do is make a few easy shifts in her everyday routine. 

The Latte Factor demystifies the secrets to achieving financial freedom, inspiring listeners to realize it’s never too late to reach for your dreams. By following the simple, proven path that Henry shows Zoey, anyone can make small changes today that will have big impact for a lifetime, proving once again that “David Bach is the financial expert to listen to when you’re intimidated by your finances” (Tony Robbins, number-one New York Times best-selling author of Money: Master the Game). 

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2019 David Bach and John David Mann (P)2019 Simon & Schuster

What members say

Average Customer Ratings

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book for beginners

I'd you have trouble with debts, budgets, savings it is a good book for you. easy to understand with the story he took

1 of 1 people found this review helpful

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American take on Canadian The Wealthy Barber

This has three lessons pay yourself first, make it automatic and live with no regrets. Concepts have been told before in the book called The Wealthy Barber only this story is wealthy coffee shop owner. Just get the other book as it offers more.

1 of 1 people found this review helpful

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Best Audio I have ever listened to on Finances

I have read many books on Finance and this is one of the best books I have read in years. It reminds me of the Wealthy Barber in that it is told in a story format. The difference though is very profound is that David talks about his Latte Factor and what it can do for you and how much it can make an impact. I have been looking at my many Latte Factors for the last 4-5 months and I have cut my Latte Factor by about $2,000 a month of just wasteful spending. So for me what this means is my loan will be paid in full by the end of August, which is over a year and 3 months earlier. Also means that I will be able to put over $300 a month starting September. I am currently putting $150 a month, which is $5 a day away each month. I have been putting at least $5 a day for over 5 years now.

1 of 1 people found this review helpful

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Relatable

i love the book. I dont normally like story type of books to learn about money but this one was perfectly written. Very relatable, easy to follow and to understand and also enjoyable. I wish I read this when it first came out and started applying the principles. I am 33 right now and I still have time as per his other books but imagine how much I have in the bank if I started a while back. This book not only talk about money but also about to really reflect on what is important to you and why more money in your income does not really mean finding happiness, contentment, and success. This book is truly an inspiration. It inspired me to live my life the way I wanted and to live my full life now.

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awesome

This is the best book on personal finance/growth I have ever listened to over the years.

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One of the best books I’ve read/audiobooks I’ve listened to

Absolute 10/10 and can’t wait to pay myself first! Although my coffee is only $2 a day (CAD) this is still a $60 monthly cost VS a bag of coffee for $6 could last me a month! Saving a total of $54 a month. Wow.

Thank you David! 🙌🏻 I will be sharing this with everyone I know. Ps. I absolutely loved the story telling aspect of this book!

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Loved this book!

I have been teaching my children the principles of investing and saving, but now as teenagers they are interested in clothes and going out more often with their friends etc. Saving for their future at this point in their lives is taking a back seat. Once I heard about The Latte Factor, I thought it may help. As promised, it is a quick read and a relatable story. I bought 2 copies for my children to read. My daughter read it in a day and cancelled a shopping excursion with her friends, stating she would rather save her money!!! Mission accomplished! Thank you, David!

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Enjoyable

It was a great listen, I am implementing strategies now, I have also just purchased The Automatic Millionaire...I highly recommend this listen, we can all do this.

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  • Andy Medders
  • Etown, KY
  • 2019-05-09

The book told me that I should return it

After reading this, I think my subscription to Audible is my latte and I should probably cancel it! All in all, this is a very short read and priced higher than necessary. Thankfully, I purchased it on sale. The story is super relative to anyone who earns a paycheck and the characters are semi-realistic. I appreciate the narrative for this type of life lesson and will most likely read more Bach books thanks to the interview at the end of the book.

4 of 4 people found this review helpful

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  • Joyce
  • 2019-05-07

I love this book!

This book takes my favorite chapter in The Automatic Millionaire and delivers sound financial principals in an easy to read, easy to listen to story. You don’t have to give up coffee. It’s a metaphor. Small changes in the way you spend your money can give you financial freedom. The earlier you start the greater the benefit of time and compounding interest. Financial freedom is not being taught as public school curriculum so as you learn teach your children.

7 of 8 people found this review helpful

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  • Ken
  • 2019-05-23

Long millennial targeted story

Skip to end of book for summary.... otherwise its a long uneventful ride. The charts are interesting

2 of 2 people found this review helpful

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  • Whirled Peas
  • 2019-05-14

Wow, and not in a good way. (Audible version)

I try to be careful picking books, and I almost never return a book. I think this is the second in 5 years that I've returned. I just couldn't keep listening. It was boring ,so very, very boring. I listen to books on my commute, and this was entirely too soporific. The combination of the narrator's monotone and the lackluster parable about an educated young professional woman who needs a smart older man to explain everything to her was terrible. I increased the speed because that often helps, but not in this case. I have read David Bach in the past, and have recommended a couple of his books to friends and family, but this one I'm sorry to say is not one I would recommend to anyone.

2 of 2 people found this review helpful

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  • Anonymous User
  • 2019-07-31

It's Good, but not Mind Blowing

Good book, but not great book. I could tell you the entire story and the top lessons in about 10 minutes & you would be good to go. Good for someone who is very uneducated about money or who has no idea about anything to do with finances. Wouldn't necessarily recommend.

1 of 1 people found this review helpful

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  • Jeff Swanson
  • 2019-06-20

luke warm

Basics for investing, a little too much fan fair. great for taking the first step for any investor.

1 of 1 people found this review helpful

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  • Richard
  • 2019-06-18

Good advice, slow reading

Speed up to 1.5X otherwise this audiobook is boring. It’s a little bit sad because the content is actually good.

1 of 1 people found this review helpful

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  • Monique
  • 2019-06-07

I want to like this book...

Acting is terrible I can't get through the first chapter. I May read paperback instead.

1 of 1 people found this review helpful

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  • Robert Franer
  • 2019-05-29

As a financial advisor...

As a financial advisor I recommend you buy this for every young person (early college to about 40ish) you care about. It doesn’t have everything they need...but it has the building blocks everyone needs.

If I didn’t need to consume the book before I start handing it out to clients’ kids the narrator would have turned me off in the first 5 mins.

1 of 1 people found this review helpful

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  • Thomas Bonesteel
  • 2019-05-07

Get for Everyone

This book is great get this book for everyone you know. If your have kids in High school or in College or out they need to read this great book.

3 of 4 people found this review helpful