[[ DOWNLOAD BOOK ]] ⇰ The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich ⇲ PDF eBook or Kindle ePUB free

I would recommend this book to the complete novice, if you want to learn some very simple things that you can do to help you secure your retirement then read this book If however, you want to really understanding investing, and finance this probably isn t the best book.The book has a few good tips that work for everyone 1 Pay yourself first A common recommendation 2 Pay your mortgage bi weekly could reduce it by 5 10 years 3 Put away 10% of your money4 Tithe5 Always save some, even if yo I would recommend this book to the complete novice, if you want to learn some very simple things that you can do to help you secure your retirement then read this book If however, you want to really understanding investing, and finance this probably isn t the best book.The book has a few good tips that work for everyone 1 Pay yourself first A common recommendation 2 Pay your mortgage bi weekly could reduce it by 5 10 years 3 Put away 10% of your money4 Tithe5 Always save some, even if you have debt, while debt reduction should be a priority, having a little cash will help to avoid future debt.The book also some tips that I don t agree with 1 Buy a home This book was pre bust not all people benefit from home ownership and it s not something to be undertaken lightly While there are many benefits, sometimes renting works for certain types of people and areas.2 Pay your credit cards with the lowest amount left first While this is great psychologically, I would argue that you should probably pay the one s with the largest interest rate first What if your lowest card has a 0% rate and the one with the highest balance has a 20% rate You d be much better off chipping away at that 20% card 3 His assessments on when you will be a millionaire on 5 a day is based on 10% annual return, which by the way is better than the stock market based on the Sp 500 avg for 50 years long term average which happens to be arguably the best long term investment in terms of returns How does he suggest you do this Mutual funds small problem being that somewhere in the 85% range of mutual funds fail to even meet, much less beat the market Even the ones that do often charge an annual fee as well as front rear loads that can chip away at that rate More importantly, just because the fund earns 10%, doesn t mean you will That s the money the fund earns before all of the costs According to Warren Buffet, and Charlie Munger, and John Bogle He s biased as he did create it the best investment for someone who doesn t want to learn, would be an Sp 500 index fund that simply tracks the market These tend to have the lowest fees possible and essentially guarantee roughly the same rate of return that the overall market returns.In summary, this is a good book for someone who wants an easy way to guarantee some retirement and move in afiscally responsible direction This is not, however, in my opinion the bible on this subject, nor is it the final word While I do like his automatic payments structure, and do agree with that logic, I think the investment strategies need a littledepth and experience [[ DOWNLOAD BOOK ]] ☈ The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich ⇯ 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 The Finish Rich Workbook, what s the real secret to getting rich What s the one thing I need to do Now, in The Automatic Millionaire, David Bach is sharing that secret The Automatic Millionaire starts with the powerful story of an average American couple he s a low level manager, she s a beautician whose joint income never exceeds , a year, yet who somehow manage to own two homes debt free, put two kids through college, and retire atwith thanmillion in savings 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 presentWhat makes The Automatic Millionaire unique You don t need a budgetYou don t need willpowerYou don t need to make a lot of money You don t need to be that interested in moneyYou can set up the plan in an hourDavid Bach gives you a totally realistic system, based on timeless principles, with everything you need to know, including phone numbers and websites, so you can put the secret to becoming an Automatic Millionaire in place from the comfort of your own home This one little book has the power to secure your financial future Do it once the rest is automatic Although the writing is repetitive and long winded, the message is clear and incredibly sensible automate your savings at 10% or , automate your debt reduction, automate your giving, don t buy on credit, don t rent Automatic millions are doable, but there s no such thing as a get rich quick scheme. I read one of David Bach s books back when I was starting my first job and it was helpful This one, as far as I can remember, has the same type of information good basics if you are not saving at all now or are in debt, but nothing much beyond that It was also written before the housing market crash, so I rolled my eyes a lot hearing about how you have to buy a house now or you ll never be rich, foreclosure is so rare, it s so easy to buy a house, check out Fannie Mae and Freddie Mac I li I read one of David Bach s books back when I was starting my first job and it was helpful This one, as far as I can remember, has the same type of information good basics if you are not saving at all now or are in debt, but nothing much beyond that It was also written before the housing market crash, so I rolled my eyes a lot hearing about how you have to buy a house now or you ll never be rich, foreclosure is so rare, it s so easy to buy a house, check out Fannie Mae and Freddie Mac I listened to this on audiobook, which was a terrible idea, because the author reads it and it s very much like cheesy infomercial I was about to strangle someone after the 1,000th time he said automatic millionaire This is a difficult book to rate Informationally, it should get a 5 For ease of understanding, it should get a 5 But as a good read, well, much of the first half read like an annoying infomercial and that really bugged I also don t like phrases like get rich So, it s weird that I read this book I did so at the suggestion of a friend, otherwise I never would have given it a thought Thank you, Katrina I began skeptically, but this ended up being the very book I needed to read, for me This is a difficult book to rate Informationally, it should get a 5 For ease of understanding, it should get a 5 But as a good read, well, much of the first half read like an annoying infomercial and that really bugged I also don t like phrases like get rich So, it s weird that I read this book I did so at the suggestion of a friend, otherwise I never would have given it a thought Thank you, Katrina I began skeptically, but this ended up being the very book I needed to read, for me and for my marriage Dear Phil has been patiently waiting 15 1 2 years for me to have any inkling about finances and planning Nothing in this book was new to him, but it was a complete revelation to me Knowing what I now know, I am amazed that Phil has stayed married to me this long What a real man.This is going to be required high school reading for graduation from our homeschool I truly wish I had understood all of this as a college student Thankfully, Phil DID understand it as a college student and he s quietly tried to do what he could without me being on board Now life should get better for him Inspiring InterestingI would give this book a percentage of my savings but sorry David, I have to pay myself first This book was truly inspiring and such an easy read If you re like me, new to the world of finance, it can be intimidating and frightening David has written a fantastic book and provides a valuable blueprint to make anyone, yes ANYONE, a millionaire While reading this book, I did not feel as though there were any gimmicks or get rich quick schemes There was only value adv Inspiring InterestingI would give this book a percentage of my savings but sorry David, I have to pay myself first This book was truly inspiring and such an easy read If you re like me, new to the world of finance, it can be intimidating and frightening David has written a fantastic book and provides a valuable blueprint to make anyone, yes ANYONE, a millionaire While reading this book, I did not feel as though there were any gimmicks or get rich quick schemes There was only value advice and amazing knowledge Highly recommended for anyone that wants to make their income work for them and to whoever wants to enjoy retirement For someone who is wanting to know finances 101 in a palatable and realistic way, you really can t beat Auto Millionaire Now I m off to read Robbin s Money, Master The Game and then some Suze Orman FYI Bach has some fabulous videos on Youtube It s a beginner intermediate level personal finance book Taking it into that context it is a great book to read and a philosophy I followed before reading it Recommended for those learning about managing money. Despite being completely focused on the Amercan financial market and retirement plans or countries similar to it such as Canada , this book offers a practical philosophy that you may be able to use in your own country as well.Considering the practicality as well as the short length of the book, I totally recommend reading it. Although this is a departure from my usual reading, we are approaching an age where we really need to get our ducks in a row with our retirement savings I have heard great things about Bach s book and thought I would spend a day reading this to make sure we were on the right path with our savings This book tells the story of a couple, that David was providing financial consulting to, and their journey to becoming millionaires David is completely astounded that they have saved this much becaus Although this is a departure from my usual reading, we are approaching an age where we really need to get our ducks in a row with our retirement savings I have heard great things about Bach s book and thought I would spend a day reading this to make sure we were on the right path with our savings This book tells the story of a couple, that David was providing financial consulting to, and their journey to becoming millionaires David is completely astounded that they have saved this much because the couple seemed like the typical middle class family who didn t seem like they had a lot to save.Their story, he reflects, is the template we all need to achieve the same financial freedoms.The idea of automating things is an easy one to implement, especially in this era of technology His template to remove the latte factor, pay off your vehicles, pay off your house, possibly do another property ownership, pay down debts, and then save are pretty straightforward.The idea of being aggressive with retiring and how to make your savings work for you is where the meat of these lessons worked for me.One of my tasks this week is to do some of these ideas for automation and we upped our retirement contributions since we have worked hard to put a safety net in place.If you are trying to pay things down and looking for a strategy to begin, I think this is a great one for learning beginner skills to grow your savings and retire comfortably.Although I hate to plug my own book, I do think there are some additional lessons you could discover in my book Bonus, it s priced at just 4.99 on Kindle