The biggest problems marriages face are usually centered on finances. In Smart Couples Finish Rich, David Bach shows how everyone can attain financial security and this way strengthen their relationships. The author points out that every couple should start planning their financial future together by discussing their spending priorities. Every couple should decide their true purposes and goals in life and how they want to use the money they make.
The core of Bach’s philosophy is centered on the “latte factor”, which means that every couple spends a lot of money on pointless luxuries like lattes. The financial guru teaches that people should focus on what they spend, instead of how much money they make. Everyone can save $5 or $10 per day, because this is the amount an average individual spends on luxuries such as coffee drinks, snacks or eating out. $5 or $10 might not seem much at the first glance, but over time, it can be quite a lot of money. If this money is invested wisely, it can be transformed in a real nest egg. Bach gives two basic advices: first, couples have to take control of their financial future. This is important because nobody else will do it. Second, couples have to develop their discipline and start to save money.
Another important advice for couples is to start building a security blanket and a retirement basket formed by IRA's, 401k's and other retirement instruments. Bach says that if someone starts late, he has to save every penny to build a stable financial background for a comfortable retirement. Building a security blanket means that one has to put away some money for the case that a job loss or some other unexpected financial disaster occurs. Bach also talks about the dream basket: this is a fund that will make a couple’s wishes come true.
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