C.J. Graves's Reviews > The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich

The Automatic Millionaire by David Bach
Rate this book
Clear rating

by
9756987
's review
Aug 19, 2012

really liked it

I'd read many other personal finance books before this one. Something you learn after a while is--they all have the same basic information in them.

Pay yourself first
Live below your means
Save
Put your money in the right investments for your situation
yada
yada
yada

What made this book different was the "automatic" concept. Not that other books don't tell you to set up automatic payments as well, it's just not the central concept, and I believe it's a crucial component for people to understand if they want to get ahead without sabatoging themselves. Once you set up an automatic withdrawl from a bank account to be deposited automatically into an investment, well, it's hard to change that.

This is a good book for those wanting to learn some simple strategies to guard against the old "money burns a whole in my pocket" excuse. I've given this book as a gift and would recommend it to my friends.
flag

Sign into Goodreads to see if any of your friends have read The Automatic Millionaire.
Sign In »

No comments have been added yet.