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The Automatic Millionaire : A Powerful One-Step Plan to Live and Finish Rich
The Automatic Millionaire A Powerful One-Step Plan to Live and Finish Rich
Author: David Bach
What’s the secret to becoming a millionaire? — For years people have asked David Bach, the national bestselling author of Smart Women Finish Rich, Smart Couples Finish Rich, and The Finish Rich Workbook, what’s the real secret to getting rich? What’s the one thing I need to do? — Now, in The Automatic Mill...  more », David Bach is sharing that secret.

The Automatic Millionaire starts with the powerful story of an average American

couple--he’s a low-level manager, she’s a beautician--whose joint income never exceeds $55,000 a year, yet who somehow manage to own two homes debt-free, put two kids through college, and retire at 55 with more than $1 million in savings. Through their story you’ll learn the surprising fact that you cannot get rich with a budget! You have to have a plan to pay yourself first that is totally automatic, a plan that will automatically secure your future and pay for your present.

What makes The Automatic Millionaire unique:

You don’t need a budget

You don’t need willpower

You don’t need to make a lot of money

You don’t need to be that interested in money

You can set up the plan in an hour

David Bach gives you a totally realistic system, based on timeless principles, with everything you need to know, including phone numbers and websites, so you can put the secret to becoming an Automatic Millionaire in place from the comfort of your own home.

This one little book has the power to secure your financial future. Do it once--the rest is automatic!
ISBN-13: 9780767914109
ISBN-10: 0767914104
Publication Date: 12/30/2004
Pages: 256
Rating:
  • Currently 3.7/5 Stars.
 83

3.7 stars, based on 83 ratings
Publisher: Broadway
Book Type: Hardcover
Other Versions: Paperback
Reviews: Member | Amazon | Write a Review

Top Member Book Reviews

reviewed The Automatic Millionaire : A Powerful One-Step Plan to Live and Finish Rich on + 15 more book reviews
Helpful Score: 2
Great book. Simply written. Bach gives basic knowledge on how to trim spending, increasesavings, and plan for retirement. This book lays it out in simple and plain English. This book is great for people who are just begining to get a grip on their finances, or for those who know nothing about personal finance.
reviewed The Automatic Millionaire : A Powerful One-Step Plan to Live and Finish Rich on + 9 more book reviews
Helpful Score: 1
Simple concepts identified and explained in text...
To win financially, first you must live on less than you make, and pay yourself first (DUH). Author recommends that you automate your savings/retirement, bill pay, direct deposit, automatic transfers, etc... that make managing your money simple / easy / effortless/ un-noticed / painless. The "tortoise" approach works - especially if you start this kind of system when young!
I prefer a more direct and controlled hands-on management of my monies - ala Dave Ramsey.
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reviewed The Automatic Millionaire : A Powerful One-Step Plan to Live and Finish Rich on + 15 more book reviews
A quick read, as promised, and a very helpful one! Bach distills some timeless, common-sense thinking that takes into account human nature. Very helpful!
reviewed The Automatic Millionaire : A Powerful One-Step Plan to Live and Finish Rich on + 19 more book reviews
This a great "starter" book for getting some direction on simple ways to get your money on reasonable path. Even though these ideas seem simple, the difference they make in your financial control is amazing. I give these to my college children and they are always surprised at how the "Latte factor" has given them perspective the value a dollar can have with attention to it,and the confidence to begin using the other investment ideas.
Great book, even for those of us who should know how to manage our money.
reviewed The Automatic Millionaire : A Powerful One-Step Plan to Live and Finish Rich on + 7 more book reviews
I didn't mind the *idea* of this book but it just came across to me as a little too gimmicky. It came across as sales-pitchy. The ideas are solid and they're good, but I prefer the way that other authors approach the same subject. For some people, this could be immensely helpful. But I am currently too far in credit-debt right now for this advice to be applicable to me. In a couple of years once I have paid it off, I can see myself applying some of David's ideas.


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