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The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich | [David Bach]

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

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 $55,000 a year, who somehow manage to own two homes debt-free, put two kids through college, and retire at 55 with more than $1 million in savings.
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Publisher's Summary

In The Automatic Millionaire, David Bach shares the secret to becoming a millionaire.

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 $55,000 a year, who somehow manage to own two homes debt-free, put two kids through college, and retire at 55 with more than $1 million in savings. Through their story you'll learn the surprising fact that you cannot get rich with a budget! You must have a plan to pay yourself that is totally automatic, a plan that will automatically secure your future and pay for your present.

What Makes The Automatic Millionaire unique:

  • You don't need to make a lot of money
  • You don't need a budget
  • You don't need willpower
  • You don't need to be that interested in money
  • You can set up the plan in an hourThis one little audiobook has the power to secure your financial future. Do it once, the rest is automatic!

    PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.

    ©2004 David Bach; (P)2004 Simon and Schuster Inc. SOUND IDEAS is an imprint of Simon & Schuster Audio Division, Simon & Schuster Inc.

  • What Members Say

    Average Customer Rating

    4.0 (252 )
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    4.0 (59 )
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    Story
    3.9 (59 )
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     (5)
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     (1)
    Performance
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    •  
      Jonathan Albuquerque, NM, United States 09-12-04
      Jonathan Albuquerque, NM, United States 09-12-04 Member Since 2003
      HELPFUL VOTES
      27
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      "Common sense, but..."

      I read the previous review and almost did not buy the book. However, some positive info I have read in other places won out and I bought it, and am very glad I did.

      Sure it is common sense, but what financial advice out there isn't? As I was listening, it hit me that, although I have not saved nearly as much as I would like, what I have saved was done through the automatic methods described in the book (in my case retirement plans and our house).

      The stories are not nearly so pointless as at least one other reviewer would have you believe, and it gave me a new perspective on that old adage "pay yourself first" as well as using automatic methods to overcome one's weakness at sticking to a budget.

      I liked it so much I bought a copy for my son, who has been married for a week. This book is well worth the time and money...

      26 of 27 people found this review helpful
    •  
      Jason Gainesville, FL, USA 12-23-04
      Jason Gainesville, FL, USA 12-23-04
      HELPFUL VOTES
      25
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      "Wonderfully Easy Concept"

      This book is an easy read about an even easier concept. The accumulation of wealth couldn't be easier. I highly recommend this book for those of us, like myself, who are young and haven't saved much for retirement. This book was meant as a wakeup call to people like myself, and I'll tell you, it sure woke me up to reality.

      Sure, for those like the first reviewer who have had no problem with saving money, this book would be a waste of time, but for me it was the best book I've read in a long time.

      14 of 15 people found this review helpful
    •  
      Aileen HAYWARD, CA, USA 06-25-08
      Aileen HAYWARD, CA, USA 06-25-08
      HELPFUL VOTES
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      "I'm sure there's good information..."

      ...in there somewhere. I couldn't stand his voice and how he mumbled and ate his words. The things he suggested were also a bit too complicated. Maybe it's better in paperback form b/c he's constantly giving you lists which include phone numbers and a website. Didn't finish the book, i didn't think it was helping me. I suggest reading Dave Ramsey's book instead.

      5 of 5 people found this review helpful
    •  
      David Temecula, CA, USA 12-07-09
      David Temecula, CA, USA 12-07-09
      HELPFUL VOTES
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      5
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      "Common Sense Stuff"

      I didn't even finish the whole audio book. Here's the book in a nutshell..."Have a few bucks taken out of your paycheck before you see it and have it deposited into a separate account that you can't get to for 20+ years." If you claim you can't afford $100.00/month, then track your daily expenses and you'll notice all of the money you waste. See? I saved you a credit.

      16 of 18 people found this review helpful
    •  
      Joy Cannon Beach, OR, USA 01-30-05
      Joy Cannon Beach, OR, USA 01-30-05
      HELPFUL VOTES
      4
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      "Things you knew and were going to do next year"

      I listened to the book in two days and made some dramatic changes to my financial planning in the same time. He tells you things that you "knew" already, but were planning to do next year. He explains how much the "next year" attitude is really costing you and gets you motivated to do them now.

      4 of 4 people found this review helpful
    •  
      David N Lawrence 06-25-09 Member Since 2008
      HELPFUL VOTES
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      Overall
      "Real world advice for Real Person finances"

      I have 3 main complaints:
      1 - The Intro reads like a late night infomercial
      2 - Chap 1 seems concocted simply to illustrate Bach's own ideas
      3 - Listening to Bach constantly say the word "Automatic" with emphasis got very old


      All that said - this is a great book. Getting through to Chapter 2 and it begins to show it's promise.
      While most of the topics covered I felt I already knew about, Bach touches on several tips and ideas that dramatically change how a person handles their finances.
      Again, many of the concepts aren't new (though still many are), but it's the presentation and application that makes this book useful.

      I recommend it.

      2 of 2 people found this review helpful
    •  
      David APO, AE, United States 09-14-06
      David APO, AE, United States 09-14-06 Member Since 2005
      HELPFUL VOTES
      1
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      "Mandatory for HS Graduation"

      This book/CD should be the basis for a mandatory class for all HS graduates and is a must read for every parent with children. Its simple premise is that every person, with a little discipline, can be wealthy at retirement, no matter what. Just read it and do it...preferrably while you are in your 20s, but its never too late.

      2 of 2 people found this review helpful
    •  
      Ashish Peekskill, NY, USA 03-19-06
      Ashish Peekskill, NY, USA 03-19-06
      HELPFUL VOTES
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      "Great Book"

      I have read and listened to a lot of books on personal finances. However,I found this book to be a real practical book. After listening to the book for half an hour I could not stop, I listened to the entire book in one shot. It is a book that you can use.

      2 of 3 people found this review helpful
    •  
      Eric Lawrence, KS, USA 10-19-05
      Eric Lawrence, KS, USA 10-19-05
      HELPFUL VOTES
      8
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      "I want my money back so I can invest it instead"

      This is a really dangeous book. The only thing I found useful is his recommendation to do automatic deducations for savings and other utility items.

      His advice to "throw out the budgets because they don't work" is scary. I lived without a budget for years and never even knew where my money was going, let alone how much I was bringing in and keeping.

      He also says that "coupon clipping" is for losers, basically. The advice in this book is in great contrast to common sense. Read Dave Ramsey's "The Total Money Makeover" or Dr. Thomas Stanley's "The Millionaire Mind" instead.

      This book is garbage. I only gave it the rating that I did because the quality was good, voice wise.

      5 of 8 people found this review helpful
    •  
      Alton Park Forest, IL, USA 12-30-04
      Alton Park Forest, IL, USA 12-30-04 Member Since 2003
      HELPFUL VOTES
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      Overall
      "great good advice and motivation!"

      This is an excellent book! Yes the principles taught are common knowledge, but not common practice. David outlines the steps you need to take to make the money you already make work for you in order to get out of debt and save for YOUR future.I own the ebook version and I'm a financial Planner and this is the exact advice that i give to MY clients.What makes this version better than printed form or ebook form is that it is an audiobook. You can listen to the material while driving , doing chores at home or jogging down the street. Thus, counteracting all of the negative messages sent to your brain by TV and Radio to get into and stay in Debt and not save and spend all that you have, to the benefit of the marketers and the detriment of you and your family. I highly recommend this book and suggest you listen to it often and implement its strategies.

      2 of 3 people found this review helpful
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