The Number One Wealth Killer

For those that don’t know New York Times best seller David Bach talked about the Latte Factor in his bestseller The Automatic Millionaire. What the Latte Factor is, he would look at people’s spending, and identify things we spent money on each day. The basic deal is that you could take that money that you spend on little things each day and invest it instead.

But, that is not the #1 Wealth Killer.

There is no question that we waste money on so many stupid things. Things like lattes, eating out, Uber rides, the lists goes on and on. But there is one thing, one payment that trumps ALL of this.

It is your car payment.