James's Reviews > The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich

The Automatic Millionaire by David Bach
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's review

really liked it
bookshelves: to-read

The Automatic Millionaire does not give you any earth-shattering information. It does not give you "new" information, as in, "I never would have thought of this before!"

It's a pretty down-to-earth, common sense book. It's a good book for people who are new to investing, and for those who are tired of barely having enough.

This is the book for those who want to start to build up some assets, but aren't quite sure how. It's also a good book for those who say, "I don't have a lot of extra money...what good can this do?"

This book was a good review for me -- a review of what it means to let "small" purchases go unchecked; a lot of small purchases can add up to a decent amount, and a decent amount -- invested over time -- can be invested and can become hundreds of thousands of dollars.

The biggest drawback of this book is that David goes to great lengths to list different resources and companies that a person can reference to learn about finances, mutual funds, and investing. That's great...except that many of the companies and mutual fund lines mentioned have been renamed, merged, or no longer exist.

I would say this, in the end: read this book. Read it for the methods of saving, investing, and getting your finances under control. Skip the sections that talk about mutual funds and investments -- or skim the section -- and research online.

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Reading Progress

January 11, 2019 – Shelved
January 11, 2019 – Shelved as: to-read
January 19, 2019 – Started Reading
January 19, 2019 – Finished Reading
February 18, 2020 – Shelved as: to-read

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