David L. Bach
Person
David L. Bach is an American financial author, television personality, motivational speaker, and entrepreneur. He is the founder of FinishRich.com and is known for the Finish Rich and Automatic Millionaire series of personal-finance books, including numerous national bestsellers.
Works by David L. Bach
What David L. Bach has said on podcasts
18 statements
- on Home equity and stock-market investmentsPositiveSep 18, 2026· The Diary Of A CEO with Steven Bartlett
Wealth is primarily created through home equity and stock-market investments.
“It's in home equity and it's in the stock market.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 0:29
American homeowners have approximately forty times renters’ net worth.
“homeowners in America are worth 40 times more than renters.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 0:47
Buying a home causes wealth accumulation, according to Bach.
“It actually does.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 1:04
U.S. residential home equity totals approximately $34 trillion.
“There's $34 trillion now in home equity in America.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 1:21
Renting through one’s twenties and thirties prevents meaningful net-worth accumulation by the forties.
“If you don't get in the game of homeownership and you rent in your 20s and you rent in your 30s, you're going to turn around in your 40s and having not built any net worth.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 4:16
The stock market increased approximately 600% over the prior twenty years.
“The stock market has gone up in 20 years 600%.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 4:33
The stock market averaged more than 10% annually over the prior twenty years.
“the stock market over the last 20 years has averaged over 10% annually.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 5:25
A leveraged home purchase can produce a fivefold return on the down payment.
“So they got a 5 times return on their down payment.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 6:21
Home equity creates generational wealth.
“generational wealth is created, for better or worse, through home equity.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 8:18
Rents increase over time.
“rents always go up, Stephen.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 10:38
Long-term New York renters can build no net worth through renting alone.
“I have friends who have been renting in New York for 20 years. They have built no net worth.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 11:18
Index funds cannot replace housing because people need somewhere to live.
“Here's why the index fund theory doesn't work. You can't live inside an index fund.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 12:41
Renting is not an effective long-term wealth-building strategy.
“Renting is not a great term, long-term wealth-building solution.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 14:03
Homeownership can provide more flexibility than renting in many cases.
“In many cases, You actually have more flexibility when you own something than when you rent.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 15:40
Homes in good U.S. markets can be relatively liquid assets.
“in the US, you've got something that's in a good market. It's liquid.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 16:27
Buying a house forces owners to save through mortgage principal payments.
“buying a house is it does require forced savings.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 18:13
A biweekly mortgage plan can repay a thirty-year mortgage five years early.
“you take a 30-year mortgage and you pay it off 5 years earlier.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 18:24
Accelerated mortgage repayment can save $50,000–$100,000 in interest.
“can save you $50,000 to $100,000 just in interest payments.”
Open the episode · Most Replayed Moment: Is Renting Keeping You Poor? What's The Actual Cost Of Home Ownership? David BachListen at 18:30
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
