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Showing 1-5 of 5 reviews(4 star). See all 21 reviews
on April 17, 2004
I like Bach's style. He's snappy and to the point. I bought the book thinking my two kids could learn a few things, and with the catchy title, both gave it a thumbs up. So, while there's certainly nothing new or earth-shattering in these pages, it's a great book for first-timers. And I would especially recommend it for young people who are just starting to think about their financial future.
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on March 10, 2005
The main advice found in David Bach's "The Automatic Millionaire" is eerily similar to the main message from David Chilton's "The Wealthy Barber": Pay Yourself First. However, Bach goes a little bit further than Chilton with his second rule: Make It Automatic.
"The Automatic Millionaire" is a breeze to read (it took me less than 2 hours) and its content is easy to understand, even if you don't know anything about financial investments. Bach uses the example of a couple (the McIntyres) that never made much money, but still managed to retire early with plenty of money to go around (another point in common with "The Wealthy Barber"), and this real-life example really helps Bach drive his point home.
The beauty of Bach's book is that it is adapted to all the electronic payment options that are now available to most Canadians. Bach clearly explains how we can pay ourselves first and he manages to explain complex concepts with simple examples.
The downside of this book is that it does not offer much advice about retirement investment options, but there are plenty of other books that do.
If you think you can't afford to put any money away for retirement right now, you NEED to buy this book as soon as possible. It will prove to you that you can't afford NOT TO!
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on January 14, 2008
Great for beginner. No miracle solution, only the basic; save 10% of your money, invest in RRSP, time is your friend (compound interest). But if it's so easy, why aren't we all doing it. Love it. Very easy to read also
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on January 5, 2004
This is an amazingly well written book with very practical concepts that are easy to apply. A must read for anyone interested in setting and meeting financial goals.
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on February 16, 2017
Wish I knew about all this ten years ago... but it's never too late... or so everybody says. Highly recommended.
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