The Automatic Millionaire, Expanded and Updated: A Powerful One-Step Plan to Live and Finish Rich
| Author | : | |
| Rating | : | 4.22 (559 Votes) |
| Asin | : | 0451499085 |
| Format Type | : | paperback |
| Number of Pages | : | 288 Pages |
| Publish Date | : | 2013-05-22 |
| Language | : | English |
DESCRIPTION:
What’s the secret to becoming a millionaire? For years people have asked David Bach, the national bestselling author of Smart Women Finish Rich, Smart Couples Finish Rich, and Start Late, Finish Rich what’s the real secret to getting rich? What’s the one thing I need to do? Now, in the newly revised The Automatic Millionaire, expanded and updated, David Bach is sharing that secret. The Automatic Millionaire starts with the powerful story of an average American 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 55 with more than $1 million in savings. What
In the early part of the book Bach builds on ideas he established in Smart Women Finish Rich and other bestselling titles. Bach insists that "regardless of the size of your paycheck, you probably already make enough money to become rich." But his claims that his plan requires "no budget, no discipline," is a bit disingenuous. Bach, in fact, calls his model the "tortoise approach" to becoming wealthy by retirement age. But, for those just starting with financial planning, Bach provides a host of resources to put r
Bought for daughter graduating college Just bought for daughter about to graduate from college. My hope is that she will take the message of this book to heart and set up a 10% (I'm going to push for 15%) automatic savings into a Roth IRA once she gets her first professional job out of college. If she does so, she will be giving a tremendo. Great read will suggest to others Amazon Customer Excellent book. Expected it to be fluff but I was surprised how simple the book was to follow. Helps dumb down reaching financial independence . I'm not yet a homeowner but after reading this it excites me for when the time comes. I'll be applying the mcintyre's approach. Personally still prefer Dave . A plan that actually works ibrahim jaber If you are looking for a personal finance book, STOP.Start reading this book, it will allow you to start saving for your retirement, save money for emergency situations, Close your credit cards, pay your house loan faster and also give back.