![]() ![]() It's straightforward, easy to read, detailed without getting dense, and makes something very overwhelming seem manageable. I think this book would be a great starting point that is more nuanced than Ramsey's "Total Money Makeover" and less New Age-y than "Your Money or Your Life". So there needs to be 31 flavors of personal finance information out there so that people can find what makes them sit up and finally pay attention to basic adult skills of financial responsibility. If people only followed this one bit of advice and were complete nincompoops with investing I think it would serve them well.ĭid I learn anything new? No, but nothing in personal finance is truly new and groundbreaking- we all know we should avoid debt, save for retirement, and not fritter away our money on credit card fees and interest, but most people still do it. Accept that you don't have the wherewithal to diligently get money and give away 1/3 of it every month to boring adult things like 401K's and credit card payoffs, and just make it automatic so you never see it/never miss it. ![]() I fully agree with this principle, because humans are in general terrible at wishy washy things like "Motivation" and "Willpower". The "automatic" in the title doesn't refer to the timeline of achieving millionaire status, but rather the method of becoming a millionaire by automating all of one's bills so that one doesn't miss the money being diverted into retirement accounts and savings funds and debt payoff. So I saw this book on my mentor teacher's shelves, and my other mentor teacher uses it for her LA IV class, and I decided to check it out to compare to other finance books I had read. This long winded introduction had a point. money ways while working full time and going to grad school full time (for free, thanks to my employer- hence the full time work thing). Between those two, I had all the motivation/information I needed and diligently dug myself out of my B.S. I tackled my consumer debt after returning home from a teaching job in Japan, and in about 2 1/2 years paid off about $20K thanks to Dave Ramsey's "Total Money Makeover" and "Your Money or Your Life" by Joe Dominguez and Vicki Robin. I'm a bit of a personal finance nerd, and I love budgeting, being frugal, and paying off debt. ![]() This one little book has the power to secure your financial future. You don’t need to be that interested in moneyĭavid 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. What makes The Automatic Millionaire unique: 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. The Automatic Millionaire starts with the powerful story of an average AmericanĬouple-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. Now, in The Automatic Millionaire, David Bach is sharing that secret. What’s the secret to becoming a millionaire?įor 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? ![]()
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