The Automatic Millionaire

The Automatic Millionaire

A Powerful One-step Plan to Live and Finish Rich

Book - 2004
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Random House, Inc.
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

Publisher: New York : Broadway Books, 2004
Edition: 1st ed
ISBN: 9780385661744
0385661746
Characteristics: 240 p. ; 22 cm

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susannahraulino
Feb 01, 2016

Using techniques in the book I gradually and comfortably got out of $26,000 of debt and got my financial life together. It's not a quick fix, it took several years, mostly because I am slow to change my ways. But if that sounds like a long time, it really didn't feel like it. And it does feel great to be out of the habit of getting myself in serious debt. I have read many books about money, but this is the most down to earth practical guide to how to behave well with money, including specific steps to take, to take care of yourself well financially. If you are bad with money it will make you good. If you are already good with money, it will make you better. I highly recommend it.

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TwinklyOne
May 02, 2013

Another superb fantasy novel. That latte calculation is a brilliant piece of fiction. Counting on a 10% annual rate of return on investments is like wishing to turn into a mermaid or a great white shark. Thank you David Bach for nothing. I think people read this book to feel better about their poor financial situation before they go to bed. Do not use this as 'research material' for your investments.There are MUCH better books out there.

c
Cabby
Nov 08, 2007

good but nothing new from his first book

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