Author David Bach releases an updated edition of “The Automatic Millionaire” 20 years later, emphasizing the importance of automating savings and investing. The “latte factor” remains relevant today, urging people to cut unnecessary expenses. Homeownership and ownership of stocks and real estate are crucial to building wealth.

The number of millionaires has surged, making it easier to achieve financial security. Automation of savings and investment accounts has played a significant role. Financial literacy remains lacking in schools. Private equity and target-date funds are changing the landscape of investing.

Despite advancements, financial disparities persist in America. Many still live paycheck to paycheck. Bach advocates for mini-retirements and early Social Security checks. Financial education is crucial, and the future of investing lies in automation and diversification.

Read more at Yahoo Finance: Author David Bach reveals how you become a millionaire