How does an ordinary person with an ordinary income reach their seven-figure dreams? First they must own their own home – and do it David Bac...
read full description
reviews
Aug 29, 2011
Shawn
rated it: 
Readers of The Automatic Millionaire Homeowner need to manage their expectations. At a mere 244 pages, you shouldn't expect it to delve too deeply into any one aspect of home-ownership. If you are hoping for an advanced and detailed discussion of borrowing against your equity to purchase a second property, then you'll likely be disappointed. If you are, however, simply seeking basic information on the home-buying process, how to choose a good realtor, where to research mortgages, and potential a
More...
May 14, 2009
Alana
rated it: 
This book was fantastic and I recommend anyone looking at buying a new home to read it to become educated. Since I have already been through the home-buying process, I knew a lot of what the book was explaining, however, I did still learn a lot of information that I can use in the next time I purchase a home. Although I would rather be rich now and this book, along with the rest of his Finish Rich series, is in hopes of preparing you to plan for your future retirement years and years down the
More...
Mar 26, 2009
Ryan
rated it: 
Wow. This book was written at the height of the housing bubble. As such, many of its assertions are downright laughable. For example, the author claims anyone can (and should) get a home loan, even if you have bad credit and no money for a down payment.
Also, the author reasons that the average income of homeowners is greater than that of renters; therefore, if you want a higher income, buy a home. Are you kidding me!?! Correlation is not causation.
Certainly there were a More...
Also, the author reasons that the average income of homeowners is greater than that of renters; therefore, if you want a higher income, buy a home. Are you kidding me!?! Correlation is not causation.
Certainly there were a More...
Apr 23, 2008
Nathan
rated it:
Some things in here I know I'm going to use! The best part about this book is that the author repeats many times, that people who buy lots of houses just to flip them are stupid jerks who ruin it for everyone else.
0 comments
like
(1 person liked it)
May 25, 2008
Allen
rated it: 
The book is very helpful if you want to learn the basics of the home-buying process. Information is presented sequentially and thoroughly. I thought the information was worth noting so I listed what I thought were the important points as I listened to the audio book. If you're interested in first-time home-buyer information, you could skip disc 1 altogether and skip over a few parts of disc 2 (the audio book consists of four discs).
I borrowed the CD's from a coworker who owns mul More...
I borrowed the CD's from a coworker who owns mul More...
Jun 11, 2011
Shaeley
rated it:
Similar ideas to Bach's The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich only with specific application to owning a home (mortgages, etc.).
May 14, 2009
Jodi
rated it: 
Yes, I'm reading yet another David Bach Finish Rich book! I've just really been enjoying his quick-read books and simple, easy-to-understand approach to financial planning. I thought this book would be a good refresher course to home-buying as we look to buy our second home in a few months. This one focuses on how to use your house to become a millionaire by basicly explaining how to get the best mortgage and save more on interest, as well as how to invest in second and third homes to create
More...
Aug 25, 2010
Chelsea
rated it:
I am on a self-help frenzy, and this series of books have been thought provoking and inspirational if you are looking to improve your current financial situation. I would not say these are the end all be all in finance books, but definitely worth reading if financial planning is up your alley!
Nov 30, 2008
Jason
rated it:
This book contains some good advice for buying a home and is also a convincing arguement as to why homeowning is a good long term investment. It will also make you think twice about selling your house versus holding onto it as a rental property.
Feb 04, 2011
Laura
rated it:
I think his books are written on an 8th grade level and should be read by high schoolers as a class assignment. However, for adults in 2011 they are desperately outdated now. Maybe if you have never read one they are ok.
Feb 11, 2009
Lisa
rated it:
This book changed my life- Followed his direction, 3 months later I was sitting on money. =)Washed away all my debt., started from scratch and Saved. I'm on my second property. Looking for another....in the future.
Sep 07, 2009
Ann
rated it:
I paid thousands of dollars to learn the information in this book the hard way over 6 years...Wish I had found this faster and before all the other classes.
Very easy to read, bit by bit, and chapter tips at end keep readers on track to actually apply the advice here easily.
Very easy to read, bit by bit, and chapter tips at end keep readers on track to actually apply the advice here easily.
Oct 12, 2011
Edward
rated it:
Worthless book cheerleading investing in real estate as a way to grow wealth over time. Somewhat outdated and doesn't present useful, actionable information.
Sep 09, 2010
Holly
rated it:
I normally love Bach's stuff, but I thought this one was pretty bare-bones and there were some things I thought were off-mark (but what do I know--I rent!).
Dec 21, 2011
Cori
rated it:
It was an interesting read; especially being on the wrong side of the bust. However, I thought there were a number of good tips for all aspects of buying a home. I think it would behoove people to be a little more conservative, but the plan of action laid out in this book is certainly insightful. There are also a number of good resources listed in the book.
The style of writing really does motivate me. I want Clayton to read this book so that we can be on the same page as far as s More...
The style of writing really does motivate me. I want Clayton to read this book so that we can be on the same page as far as s More...
Apr 16, 2009
The Automatic Millionaire Homeowner: A Powerful Plan to Finish Rich in Real Estate by David Bach (?)
Sep 13, 2011
Ideen
rated it:
Again, excellent read. Less awesome than his original, but convincing arguments/tips for home ownership.
Aug 05, 2011
Tony
rated it:
Bach's ideas are powerful, helped me see why we had to buy a house, the right house, with the right loan.
Mar 05, 2011
Shannon
rated it:
Helped fill in the gaps of my knowledge of mortgage types & financial jargon.
Aug 17, 2008
Sally
rated it:
There was a really good lesson in this book wich made me hopeful. It was a narrative of a couple who never sold their first home but rented it out and they became very weatlthy by the time they were retired. This encourages me because since we are renting our first house ONLY because it didn't sell, that maybe it will be better for us financially in the future. Overall, I was pretty disappointed in this book. Most of the book was about how to shop for and buy a house. Most things I knew alre
More...
Jun 18, 2011
Excellent book and the steps are very easy & practical. As a result of this book, I am making contributions of 8% to my 403B (hope to up that to 10% by year's end), my credit card debt is paid off, and I am working on a goal to buy a place in Boston. I think this should be required reading for high school/college students too. We don't have financial curriculum in schools and I think we would benefit as a country doing so.
Jul 11, 2008
Misa
rated it:
David Bach's "Finish Rich" and "Automatic Millionaire" series are easy to read, simple concepts like "chicken soup for soul". I got some copies from "Great American Homeowner challenge" campaign with Wells Fargo. Published at the peak or just tipped off market in 2005, this book encourage people who are afraid to dive, and also suggest long-term vision to those who hyped up for real estate investment.
Dec 16, 2009
Alicia
rated it:
This book is great for beginners that just want to learn what options are out there. This book provides a detailed description of loan options in easy to understand terms. This book is perfect for everyone to read before embarking on any home ownership transactions.
Jun 18, 2008
Jackie
rated it:
David Bach's very simple concepts of savings, applied to investment in real estate. A great book for anyone who is almost ready to start looking for a house but still has fear that it's an unreachable or dangerous endeavour.
Jun 02, 2007
Christy
rated it:
Although this book is sort of basic on some of its messages, it is quite inspiring to get people to buy their first home. I even put a deposit on my first condo within a few months after reading this book the first time.
Jan 13, 2008
Jason
rated it:
Definitely a good plan. It has helped me realize some of the places where I was wasting my money and helped me eliminate most all of my debt. Consider this book before going to those "debt elimination" services.
Sep 25, 2010
Kim
rated it:
According to this book the key to becoming a millionaire is to never sale your first home. Keep it and rent it out. It was an interesting book with a lot of good advice on money and real estate.
