His solution: "Take those budgets you've been struggling with and throw them in the garbage."
Instead, Bach advocates a system where you pay yourself first.
The first dollars out of your paycheck should go to you. Your retirement accounts, your investments, your savings. After you've met those responsibilities, take care of all of your other non-negotiable payments, including rent or mortgage, utility bills, insurance and car payments. Then live off of whatever is left.
It's the opposite of budgeting, and yet it works.
"The reason [most people] think they need a budget is to help them figure out how much to pay everyone else, so at the end of the month — or year, or their working life — they will have something 'left over' to pay themselves," Bach writes. Pay yourself first and you change everything around you for the better.