I first ran into the Automatic Millionaire HOmeowner book in the airport. I never pay for books that way and always order them discounted on Ebay -but i was unorganized and needed something to read for the layover. I have just received the Automatic Millionaire and read it in one day! It was vert easy reading but great tips and ideas. Some of the information is basic. Yes we need to save. WE all know it but we often feel we don't have any areas to cut back on. It's a great reminder of the Latte FActor which BAch uses to show how just cutting back on a Latte or a Bottled Water every day can start giving you money to save. He also tells you how to call and tell the Credit Card company that you do expect a lower rate or you have other offers. If you read alot of other financial books- The ideas that set this and all of Bach's books apart from those is the idea that this is not a 5 year plan or a 10 year plan to get rich. This isnt about Flipping properties. Its about slowly investing and saving your income by making it automated so you don;t have to work at it. In my opinion I would order the book just for the motivation and reminder to save and live under your means. Ive seen Bach as part of a team on Oprah Winfrey and the advice is changing lives and saving marriages. THank you!Read full review
Great book and a great guy, met him once. For people who already know how they should be handling their money its a great refresher that gets you on track. And for those who need to learn about all that boring financial stuff its an easy guide written in plain English. I started following his instructions about two years ago. I simply payed myself first by having a certain amount of money deducted from my bank account automatically each pay check and wow has it gotten me on track. This is not a book for the super financially savy. If you're an investment banker type don't bother. But for the average person who may not have been taught anything about higher finance its a great book. One of the examples that rang true for me was if I can spend $60 a month on latte's then I have at least $60 I can be saving for my future. Actually I found a lot more than $60 to save! The only thing I thought was a bit off was his idea that budgets are not helpful. Other than that he offers great advice that people can follow on pretty much any income.Read full review
David Bach has written a book that is the best of both worlds. It is packed with useful and easy to apply information. Plus it is quick read, you can finish in couple hours. I think most people want to know what they should be doing with their money to get the most out it, but don't know where to start. The automatic millionaire gives you a straight forward plan on how to be able to retire and not have to worry about money. The great thing about the plan is that it works for everyone, no matter how much money you make. I am giving this book as a gift to all my managers that work for me, so they all can get started down the path to financial freedom. I would recommend this book 100% to anyone that cares about their financial future.
Whether or not your desire is to become a millionaire or just make sure you are financially secure, this book is a "must read." David Bach gives practical steps on how to "automatically" save your money. He starts with having you calculate your "latte factor." That is the money you spend without even thinking about it or noticing it. Lots of charts and diagrams show how you can turn your "latte factor" into riches beyond your wildest dreams. He also shows the reader how to make savings "automatic," which results in tax savings and further riches. I have read two other of David Bach's "Finish Rich" books. This is the book to start with, and the younger the reader, the better. (I bought this book on eBay for a wedding shower gift.) You don't need a lot of money to implement the plans of this book; it shows you how to start where you are now. I repeat - A MUST READ!!Read full review
When I first saw this book I thought the title was hookey- it sounded like a get rich quick book full of promises and no pay off. but Then i saw it on Oprah and heard what the book was REALLY about- I bought it read it in a matter of days and started doing everything it recomends- on a salary of $25,000 at the time i saved over $1,000 in just 3 months with out even realising it! I wasn't pinching penny's- I was just paying attention. I love this book so much I've given it to friends and family as gifts. I honestly believe that if people read this it will change how you use your money for the rest of your life- By calculating your latte factor you learn how much money you're literally throwing away. you figure out why you spend the way you do and what you need to change. By paying yourself first- automatically- you save thousands in taxes and ensure that you will save yourself from yourself and finally get your finances to a place that you'll be proud of. BUY THIS BOOK! READ IT!! DO THE EXCERCISES! REALLY USE IT!! and then share the knowledge that you've gained from it~Read full review
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