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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 Ratings

    Overall

    • 4.2 out of 5.0
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    Performance

    • 4.3 out of 5.0
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    Story

    • 4.3 out of 5.0
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    Sort by:
    • Overall
    • Jonathan
    • Albuquerque, NM, United States
    • 09-12-04

    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...

    32 of 33 people found this review helpful

    • Overall
    • Jason
    • Gainesville, FL, USA
    • 12-23-04

    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.

    17 of 18 people found this review helpful

    • Overall
    • David
    • Temecula, CA, USA
    • 12-07-09

    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.

    30 of 34 people found this review helpful

    • Overall
    • Aileen
    • HAYWARD, CA, USA
    • 06-25-08

    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

    • 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.

    4 of 4 people found this review helpful

    • Overall
    • David
    • APO, AE, United States
    • 09-14-06

    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.

    3 of 3 people found this review helpful

    • Overall
    • Joy
    • Cannon Beach, OR, USA
    • 01-30-05

    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.

    5 of 6 people found this review helpful

    • Overall

    good principles

    good principles, needs to be updated. I don't think buying a house is as much the recommendation currently. I don't like that he do strongly recommendeds that without associating the costs of home ownership. otherwise a great starting point for learning how to save money!

    1 of 1 people found this review helpful

    • Overall
    • Ed
    • 11-12-17

    Not bad

    Wasnt bad. He teached Techniques for long term passive wealth accumulation. Not so much for the Aggressive investor who wants to see money b4 he's 68

    1 of 1 people found this review helpful

    • Overall
    • Performance
    • Story

    Update please

    The story is excellent and the information is vital. However, the information is very outdated and needs to be updated for today’s rates, salaries and other info.

    1 of 1 people found this review helpful

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    • MR F BONANNO
    • 04-02-15

    Amazing stuff

    Great book, only thing I'd say is a lot of concepts were US based, not sure if there's a uk version

    1 of 1 people found this review helpful

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    • Performance
    • Story
    • Sean Banks
    • 01-30-18

    Listen to this if you want to improve your life.

    This is a great listen that will change your behaviour towards your finances, thus changing your life for the better.

    • Overall
    • Sam S
    • 11-23-17

    Great read to get you on track or back on track!

    Really good book, simple steps everyone should do to cover all areas of your finances.

    • Overall
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    • Paul
    • 05-30-17

    Excellent

    Great book. The audio version is easy to listen to. American based but very useful & inspirational. I have taken some of the actions recommended in this book already.

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    • Ope
    • 07-05-16

    Great book to get started with.

    This is the first book i ever listened to with audible. it was trully worth listening to. I live in the UK and still find a lot of what he is saying very relevant.

    I learnt so much from this book and plan to listen to it again in case i missed anything.

    • Overall
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    • Naa
    • 06-11-15

    This should be required reading at age 12

    Why didn't I read this earlier? Better late than poor , I'm going to implement as fast as I can. Thanks for the very simple duhhh

    • Overall
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    • Chelle
    • 09-13-15

    Great book but is more geared towards US audience

    If you could sum up The Automatic Millionaire in three words, what would they be?

    Simple, concise and persuasive

    Which scene did you most enjoy?

    The Latte Factor - All that coffee is costing you a fortune. Save your money by cutting down or bring in your own!

    Any additional comments?

    This is a good book but it is mainly gear towards US audience. Although there are aspect of the book that others will find useful such as setting up an automated bank transaction each month to help save a percentage of your pay into a saving account (you can't spend what you don't see) So many people know this but so many people fail to do so and tend to spend all their hard earn money. Make sure you pay yourself first!

    0 of 1 people found this review helpful

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    • Anonymous User
    • 11-14-17

    Outdated

    This gave no new content from other books in this category, but delivered it in a less interesting way, with most of the actionable information being so outdated the companies recommended don’t even exist. I’ll save you 4hrs right now, set up a direct debit for your retirement savings, your home loan, for your credit card debts, pay extra, pay as soon as the pay check hits your account. Pay off debt then save more than you think you can, start small gradually increase. Hardly 4hrs worth of content.

    1 of 1 people found this review helpful

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    • Igor
    • 11-02-16

    Great book! content is relevant for most people

    The only thing I wish is that there were more resources for people that live outside the United States

    1 of 1 people found this review helpful