Tag Archives: David Bach

The Automatic Millionaire

The Automatic Millionaire : A Powerful One-Step Plan to Live and Finish RichDavid Bach’s very insightful book. I got the audio version at the library. The Automatic Millionaire introduces the idea of paying yourself first and doing so automatically. It’s absolutely right about several things: to keep something going it must be automatic, it’s absolutely worth paying yourself first (before taxes), and people would be amazed by their latte factor. I actually find that I waste most of my money on fringe buys, but nonetheless, every part of this book, especially about interest is well worth considering. Don’t let money waste away in a bank account. I don’t know if the investment vehicles are the most powerful, this book isn’t like Rich Dad, Poor Dad in its pace, but it makes a powerful point about investing and retiring and offers very very many useful ideas about money.