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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
The popular financial writer David Bach champions automated transactions and a slow, gradual approach to wealth accumulation. Bach suggests making use of automated payroll deductions for pre-tax retirement funds -- hence the book's title -- and accelerated mortgage payments as ways to ensure a wealthy retirement, even for those without extra...  more »
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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
Other Versions: Hardcover
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
Awesome book! Must read book for any young confused 20-something!
reviewed The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich on + 7 more book reviews
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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