The Automatic Millionaire, Expanded and Updated: A Powerful One-Step Plan to Live and Finish Rich

Through their story you’ll learn the surprising fact that you cannot get rich with a budget! You have to have a plan to pay yourself first that is totally automatic, a plan that will automatically secure your future and pay for your present. 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 Milli

He walks his readers through such fundamentals as shopping for interest rates, creating a balanced retirement portfolio, and consolidating debt. Bach, in fact, calls his model the "tortoise approach" to becoming wealthy by retirement age. 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. 401(k)s or IRAs) to set aside a fixed, monthly sum of money before considering what is left for living expenses. And Bach's conversational style will make this quick read highly palatable for those daunted by more detailed investment and personal finance titles. His core principle is that, to succeed, you

"Bought for daughter graduating college" according to M. Sullivan. 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 tremendous gift to her future self.I have been saving this way for decades "set it and forget it" - like the old infomercial used to say! I can retire in 2 years and look forward to a future of financial independence.According to mu. "Great read will suggest to others" according to 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 Ramsey approach but I think Bach makes some excellent points that helps makes sure you follow thru with automation when it gets difficult. ibrahim jaber said A plan that actually works. 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.