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Friday, June 3, 2011

The Automatic Millionaire by David Bach

If you've ever wondered how an average person earning average wages can get millionaire rich, try reading this book. I read this book years ago. And I actually really enjoyed it. The tips were practical, doable and as the title says -- automatic.

There needs to be a set-up of the automatic process; and alas I've only just started. Some of the concepts that this book teaches are automatic savings and paying yourself first. There are mini-workbooks inside the book to help you assess how ready you are to begin the process and jump start your way to "automatic millionairship". There are a few encouraging stories about the real people who inspired the concepts taught in this book as well.

This book is a nice read. It's definitely a step forward towards increasing your financial literacy. And it has real possibilities too. Just don't put off doing the set up. You'll miss out on years of compounded interest!