About this title: In THE AUTOMATIC MILLIONAIRE, 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 ...
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Note: This is a general synopsis. Each listing is described below.
Binding: Paperback
Publisher: Penguin
Date Published: 2005
ISBN-13:9780141019925ISBN:0141019921
Description: Good. Our aim is to create value for our customers through the provision of low cost, affordable products and an overall satisfying buying experience. read more
Binding: Paperback
Publisher: Penguin Books Ltd
Date Published: 2005
ISBN-13:9780141019925ISBN:0141019921
Description: Good. **SHIPPED FROM UK** We believe you will be completely satisfied with our quick and reliable service. All orders are dispatched as swiftly as possible! Buy with confidence! read more
Binding: Hardcover
Publisher: Broadway Books
Date Published: 12/2003
ISBN-13:9780767914109ISBN:0767914104
Description: Very good in very good dust jacket. Very Good, In very good dust jacket. Sewn binding. Cloth over boards. 256 p. Contains: Illustrations. read more
Description: Fine in fine dust jacket. Hardcover and dust jacket in excellent condition (appears unused), no writing or highlighting in text, VB13. Sewn binding. Cloth over boards. 256 p. Contains: Illustrations. Audience: General/trade. read more
"I think everyone should read this book. Loved it. Shows and talks about how one can save and become wealthy down the road by making automatic. I have not used everything he mentions in here, but it is one of best books I read for someone looking for ways to save money and making it easy. Good to have for future investments/purchases.
I recommend this book highly to anyone under 35 and a great gift to kids starting a job or graduating college and high school. I wish someone did that for me."
"A few parts of the book are outdated (especially the real estate chapter that scoffs at the idea of a real estate bubble).
The main message of the book is great though. It lays out a plan for getting rich slowly by paying yourself first automatically before you see your paycheck. Not groundbreaking advice, but good advice none the less."
"Fascinating book and a very easy read. Very simple programs that anyone can follow and for the most part are steps that I agree with. There was nothing far fetched that made me squirm and think I would be crossing any comfort zones. As a matter of fact, I will be making some changes today that are very easy. I was floored when he spoke about tithing also and how he found it to be a very important part of finishing rich."
"Bach has good common sense advice on saving and investing for retirement and paying down debt. Most people will talk themselves out of saving every time payday rolls around, so he emphasizes the importance of setting up a system where you save automatically, without letting the money pass through your hot little hands.
This book is five years old, and the chapter on home-buying seems dated given the current foreclosure crisis. I also live in one of the most inflated real estate markets in the world, and don't think buying a house is the universal good people many people make it out to be. I think that there is a great advantage in being able to move closer to your work instead of having a long commute, and being able to call your landlord to send over a handyman when the roof leaks or an appliance breaks."
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