The Automatic Millionaire Homeowner

A Powerful Plan to Finish Rich in Real Estate

De: David Bach

Narrado por: Oliver Wyman

How does an ordinary person with an ordinary income reach their seven-figure dreams? First they must own their own home – and do it David Bach’s way. The financial coach who has helped millions to finish rich is back with a simple, powerful solution to get rich in real estate. As David says, “Renters stay poor, homeowners get rich, and smart landlords laugh all the way to the bank!”

In his breakout 2004 bestseller, The Automatic Millionaire, David Bach showed why owning your own home is not only smart, it’s the core secret to becoming a millionaire. In his new book, tailored for a Canadian readership, he shows exactly how to make that happen with a simple, automatic plan you can read in an hour and put into place today. Renters will learn how to buy a first home, even with lousy credit and tiny savings. And existing homeowners will find out how to turn the roof over their heads into a powerful investment that doubles, triples, and quadruples in price while you simply enjoy living in it. And while you don’t have to be a landlord to finish rich, if you’re willing to be, David teaches you how simple it really is to buy a rental property even while you’re paying the mortgage on your home.

The Automatic Millionaire Homeowner is brilliantly simple, easy to read, highly motivational with a realistic, take-action method for achieving financial prosperity in real estate, starting now.

Bach offers time-tested tactics on all the essentials, including:

• Why you shouldn’t wait: busting the myths of renting
• Finding a down payment right now using the Automatic Down Payment Solution™
• Choosing the mortgage that is right for you – even with debt, even with imperfect credit
• The secret system for debt-free homeownership: why you must Make It Automatic!
• The Automatic Millionaire Right Place, Right Time, Right Price, Right Program™ for buying and selling
• Learn the Automatic Millionaire Mindset™ and collect “automatic cheques” while you sleep©2006 David Bach;(P)2006 Random House, Inc.

Reseñas de la Crítica

“[Bach’s] cheery, can-do message . . . cuts through the intimidating challenge of buying a house for the first-timer . . . for a newcomer, it’s fundamental reading.”—USA Today

“A great book that first-time homeowners and anyone toying with the notion of investing in real estate will find immensely practical . . . Bach offers universally good advice on how to begin saving and building wealth through homeownership. . . . Wildly motivational.”—Publishers Weekly (starred review)

“If you read only one real estate book this year, it should be The Automatic Millionaire Homeowner. . . . This is one of the few real estate books that cannot be recommended too highly for both beginners and experienced homeowners.”—The Miami Herald

Great starter

Super easy to listen to and very detailed message to follow step by step. Overall a great beginners guide.

Thumbs up

Good information, I'll have to listen to a few chapters again because it's a process.

Do This If You Don't Do Anything Else

My title says it all. This is a superb book, in combination with David's other book, the Automatic Millionaire, for the average person to end life with the resources to live a comfortable retirement while enjoying life all along the way without spending a lot of time thinking about investing or retirement planning. Basically, this is all about "tithing" to yourself so you don't have to depend on anyone else for a comfortable retirement, and doing it almost automatically, almost without giving a thought to any specifics. Of course you have to pay some attention and believe, but bottom line is to JUST DO IT!

I you start at age 18 with an IRA and automatically save $2,000 per year for your entire working life (to age 65), at age 65, a person whose investments have performed below the market average for the past 82 years (e.g. receiving an average 10% average return which is below the market average) will have over $4.5M. Add some Real Estate to the mix and the results are even better, plus you have a paid up place to live! Time is your friend, but it is never too late to start.

Read this book and David's other book, "The Automatic Millionaire" which you should read first, to assure you have a wonderful life all the way to the end! Its almost painless if you follow the advice in these two books!

Be careful

This book is good in theory. Just be careful with the financial advice. The last chapters deal with how to not over-leverage yourself so listen carefully to the end.

Awful & outdated

This book desperately needs to be pulled off the shelf & revised after this year's mortgage fiasco. So much of the info is outdated or no longer useful. You can tell the market was starting to look questionable when the author wrote it, because he spends alot of time waffling & qualifying the book's advice. Alot of times it is laughable.

Another complaint, I think the title is a little misleading. A more accurate name for this book would be "Homebuying for Dummies" or something similar. It goes into great detail about the basic homebuying process, but the investment info is light & not very helpful. I DO like the author's other books, but unless you're looking for very basic info on buying a first home I would skip this one.