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There are many helpful action steps at the end of each chapter of the Automatic Millionaire (for more background info about this book, click here). Therefore, I plan to list them out here chapter by chapter in the coming days and discuss with you each step in more details in hopes that we can all get rich by following his advice. In the end, don?? you want to become an Automatic Millionaire too?

• Recognize that what matters is how much you spend and not how much you earn: This is such common sense. However, many people fail to realize this because as their income grows, their spending also grows. There are countless people that can actually save much money if they tone down their spending just by a little bit.
• For just one day, track all your spending to the cent: This is the first step to realize how much you are spending on day-to-day items, so you can prepare yourself to see where you can spend less.
• Decide this moment that you can live on a little less so you can start saving today: Saving takes will power at times, but do not worry because it can be done and you will thank every financial blog writer/book author when you are older in life if you practice this.
• A few dollars a day can really add up. There is an online calculator from the author’s website (http://www.finishrich.com) for you to try out so you can understand the Latte Factor more clearly

Stay tuned for the next chapter summary titled Learn to Pay Yourself First!