Book Reviews of 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
The Automatic Millionaire A Powerful One-Step Plan to Live and Finish Rich
Author: David Bach
ISBN-13: 9780767923828
ISBN-10: 0767923820
Publication Date: 12/27/2005
Pages: 252
Rating:
  • Currently 3.8/5 Stars.
 41

3.8 stars, based on 41 ratings
Publisher: Broadway
Book Type: Paperback
Reviews: Amazon | Write a Review

15 Book Reviews submitted by our Members...sorted by voted most helpful

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.
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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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I've always heard that the best way to 'double' your money was to 'fold' it in-half! (famous person said that) -

Pretty good book, has some good ideals, but like everything else, beware trying to get rich quick -
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Just got my husband to read this one and David Bachs Smart Couples.
Excellent information. And its so easy to do. Two Thumbs Up.
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This is a great book for the person who wants to save money for the future but doesn't know where to start. Very simple to understand.
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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.
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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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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!
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It's good, in theory, but the author's approach is a little too sales-pitchy for me. Also, I am currently deep in credit card debt and this book is not really applicable to me right now. I find that there are other books/authors that are more applicable to me and the current economic situation. That said, this would surely benefit someone who is not currently so much in debt. I do like the idea of automating savings though.
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Awesome book! Must read book for any young confused 20-something!
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Very helpful! Easy to understand and the ideas are simple.
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live rich and retire.
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A great book to start to plan financial security. Easy to read and gives lot of ideas to build wealth.
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If you want to become a Millionaire this is the book for you! David Bach is always a good read.
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My mom purchased this for me in order for me to live without her money. Great ideas in there and I have already done most of them. Does not focus a lot on credit card debt.