The Automatic Millionaire, Expanded and Updated

The Automatic Millionaire, Expanded and Updated Summary


What’s the secret to becoming a millionaire?

For years people have asked David Bach, the national bestselling author of Smart Women Finish Rich, Smart Couples Finish Rich, and Start Late, Finish Rich what’s the real secret to getting rich? What’s the one thing I need to do?
Now, in the newly revised The Automatic Millionaire, expanded and updated, David Bach is sharing that secret.
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, yet 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 have to have a plan to pay yourself first 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 a budget
·        You don’t need willpower
·        You don’t need to make a lot of money
·        You don’t need to be that interested in money
·        You can set up the plan in an hour
Davidgives you a totally realistic system, based on timeless principles, with everything you need to know, including phone numbers, websites and apps, so you can put the secret to becoming an Automatic Millionaire in place from the comfort of your own home.
This powerful little book has the potential to secure your financial future. Do it once--the rest is automatic!
The Automatic Millionaire is one of the most popular financial books of our time.  It was a runaway hit when it was first published in 2004, spending thirty-one weeks on the New York Times bestseller list and appearing at at number one simultaneously on the New York Times, USA Today, BusinessWeek, and Wall Street Journal business bestseller lists. It has sold over 1.5 million copies and been translated around the world in over a dozen languages.  This is the first update since 2005 and includes updated information on taxes, investments, technologies and apps to automate your financial life as well as David’s latest systems for making the entire process even easier.

Book Reviews


Best Book I’ve Ever Read5 star

To start things off I would like to say that I’ve never been a person who can sit down and a read book for longer than 30 minutes as I get super bored. However when it came to this book I was amazed. I read the whole book in under 3 hours and just kept reading. I didn’t want to put it down. I was about a 100 pages in when I was like this is amazing and felt like I needed to share this with my friends. I have been able to learn so much from this book about so many things and honestly it’s made me think about where my money is going and what I can do next. This has been the best read of my life and I would recommend it to everyone.55


Inspiring Personal Financial Book!5 star

Great story about a couple who automated their finances and became “automatic millionaires”. Step by step instructions on how to automate your personal finances and achieve great wealth. Highly recommend for anyone showing interest in their personal finances.55

Cokorado Lady

Some great advice, some horrible advice.3 star

Strong suits: 1. Find your latte factor 2. Automate paying yourself first 3. At least one hour of each workday should go to paying yourself Also, I like that he’s not an advocate of complex budgets. I think I’m the short-term, detailed budgets can help people who are really out of control with their money. In the long-term, however, budgets can be exhausting and restrictive. Unfortunately, some of his other advice scattered throughout the book is shaky, easily refuted and could put financially unsavvy consumers at risk. Overall, however, I sincerely hope this book does more harm than good.35


This book is horrible.1 star

Might be great for somebody about to file for bankruptcy. But if you have any previous knowledge of money management do not waste your time on this book. Author treats readers like an infant. Absolute waste of time.15

Dragana P.

Wow!5 star

This book opened my eyes and got me excited about the future! Thank you David!55

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