The Automatic Millionaire

The Automatic Millionaire

A Powerful One-step Plan to Live and Finish Rich

Book - 2005
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Internationally bestselling financial advisor David Bach's Automatic Millionaire promotes a revolutionary system for making even the most undisciplined money managers rich.

The Automatic Millionaire shows readers how to change their financial practices and even their lives, the simple and automatic way.

The book begins with a powerful story about an average Canadian 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 fifty-five with more than $1 million in savings.

The incredible message Bach delivers is that the key to getting rich is "automating" the way to wealth by "paying yourself first," using automatic funded retirement accounts and money market accounts to secure the future and pay for the present.

A concise guide that's a fixture on bestseller lists, The Automatic Millionaire introduces readers to a system that is powerful and simple -- an automatically effective, life-changing system that delivers. Do it once, the rest is automatic.
Publisher: [Toronto] : Doubleday Canada, 2005, c2003
Edition: Canadian ed. --
ISBN: 9780385660303
0385660308
Branch Call Number: 332.02401 Bac 3567
Characteristics: xv, 226 p. :,ill

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susannahraulino
Feb 01, 2016

Using techniques in the book I gradually and comfortably got out of $26,000 of debt and got my financial life together. It's not a quick fix, it took several years, mostly because I am slow to change my ways. But if that sounds like a long time, it really didn't feel like it. And it does feel great to be out of the habit of getting myself in serious debt. I have read many books about money, but this is the most down to earth practical guide to how to behave well with money, including specific steps to take, to take care of yourself well financially. If you are bad with money it will make you good. If you are already good with money, it will make you better. I highly recommend it.

t
TwinklyOne
May 02, 2013

Another superb fantasy novel. That latte calculation is a brilliant piece of fiction. Counting on a 10% annual rate of return on investments is like wishing to turn into a mermaid or a great white shark. Thank you David Bach for nothing. I think people read this book to feel better about their poor financial situation before they go to bed. Do not use this as 'research material' for your investments.There are MUCH better books out there.

c
Cabby
Nov 08, 2007

good but nothing new from his first book

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