http://www.livetruly.com Life, Books, and Adventures Thu, 10 Sep 2009 07:02:58 +0000 http://wordpress.org/?v=2.8.1 en hourly 1 http://www.livetruly.com/the-automatic-millionaire/ http://www.livetruly.com/the-automatic-millionaire/#comments Fri, 23 Dec 2005 05:33:43 +0000 Boris http://www.livetruly.com/?p=17 David 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.

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