• The Automatic Millionaire

  • A Powerful One-Step Plan to Live and Finish Rich
  • By: David Bach
  • Narrated by: David Bach
  • Length: 4 hrs and 56 mins
  • 4.4 out of 5 stars (1,899 ratings)

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The Automatic Millionaire  By  cover art

The Automatic Millionaire

By: David Bach
Narrated by: David Bach
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Publisher's summary

In The Automatic Millionaire, David Bach shares the secret to becoming a millionaire.

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, 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 must have a plan to pay yourself 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 to make a lot of money
  • You don't need a budget
  • You don't need willpower
  • You don't need to be that interested in money
  • You can set up the plan in an hourThis one little audiobook has the power to secure your financial future. Do it once, the rest is automatic!
  • PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.
    ©2004 David Bach (P)2004 Simon and Schuster Inc. SOUND IDEAS is an imprint of Simon & Schuster Audio Division, Simon & Schuster Inc.

    What listeners say about The Automatic Millionaire

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    • 4.5 out of 5 stars
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    Story
    • 4.5 out of 5 stars
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    • Overall
      2 out of 5 stars

    Common Sense Stuff

    I didn't even finish the whole audio book. Here's the book in a nutshell..."Have a few bucks taken out of your paycheck before you see it and have it deposited into a separate account that you can't get to for 20+ years." If you claim you can't afford $100.00/month, then track your daily expenses and you'll notice all of the money you waste. See? I saved you a credit.

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    74 people found this helpful

    • Overall
      5 out of 5 stars

    Common sense, but...

    I read the previous review and almost did not buy the book. However, some positive info I have read in other places won out and I bought it, and am very glad I did.

    Sure it is common sense, but what financial advice out there isn't? As I was listening, it hit me that, although I have not saved nearly as much as I would like, what I have saved was done through the automatic methods described in the book (in my case retirement plans and our house).

    The stories are not nearly so pointless as at least one other reviewer would have you believe, and it gave me a new perspective on that old adage "pay yourself first" as well as using automatic methods to overcome one's weakness at sticking to a budget.

    I liked it so much I bought a copy for my son, who has been married for a week. This book is well worth the time and money...

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    52 people found this helpful

    • Overall
      1 out of 5 stars

    Don't buy ! 4 hours of stating the obvious!

    Looking for some great advice to investing or becoming wealthy? You wont find it here. Instead David Bach manages to fill 4 painful hours (I purchased the audio book) with mind numbing stories of the ridiculously obvious. Want to know the one no-brainer tip this book is centered on? I'll tell you so you can move along to another choice. This is it: "Pay yourself first. Put away a percentage of your money before taxes so you can't spend it." That's it! Thats all you'll find in this book. True principle to accumuating money? Yes, but the rest of the 4 hours is filler stories. No detail, no education. Mr. Bach even says himself in the opening of the book, "my plan is very simple..." Simple is an understatement.
    If you want a good book on creating wealth, read Robert Kiyosaki or a good fortune cookie. SAVE YOUR MONEY, DO NOT BUY THIS BOOK!

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    35 people found this helpful

    • Overall
      5 out of 5 stars

    Wonderfully Easy Concept

    This book is an easy read about an even easier concept. The accumulation of wealth couldn't be easier. I highly recommend this book for those of us, like myself, who are young and haven't saved much for retirement. This book was meant as a wakeup call to people like myself, and I'll tell you, it sure woke me up to reality.

    Sure, for those like the first reviewer who have had no problem with saving money, this book would be a waste of time, but for me it was the best book I've read in a long time.

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    22 people found this helpful

    • Overall
      4 out of 5 stars
    • Performance
      5 out of 5 stars
    • Story
      5 out of 5 stars

    PDF

    Where are the PDF they describe at the beginning of the audiobook to go along with the reading?

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    9 people found this helpful

    • Overall
      5 out of 5 stars

    Things you knew and were going to do next year

    I listened to the book in two days and made some dramatic changes to my financial planning in the same time. He tells you things that you "knew" already, but were planning to do next year. He explains how much the "next year" attitude is really costing you and gets you motivated to do them now.

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    8 people found this helpful

    • Overall
      4 out of 5 stars

    Real world advice for Real Person finances

    I have 3 main complaints:
    1 - The Intro reads like a late night infomercial
    2 - Chap 1 seems concocted simply to illustrate Bach's own ideas
    3 - Listening to Bach constantly say the word "Automatic" with emphasis got very old


    All that said - this is a great book. Getting through to Chapter 2 and it begins to show it's promise.
    While most of the topics covered I felt I already knew about, Bach touches on several tips and ideas that dramatically change how a person handles their finances.
    Again, many of the concepts aren't new (though still many are), but it's the presentation and application that makes this book useful.

    I recommend it.

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    7 people found this helpful

    • Overall
      3 out of 5 stars

    I'm sure there's good information...

    ...in there somewhere. I couldn't stand his voice and how he mumbled and ate his words. The things he suggested were also a bit too complicated. Maybe it's better in paperback form b/c he's constantly giving you lists which include phone numbers and a website. Didn't finish the book, i didn't think it was helping me. I suggest reading Dave Ramsey's book instead.

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    7 people found this helpful

    • Overall
      2 out of 5 stars

    I want my money back so I can invest it instead

    This is a really dangeous book. The only thing I found useful is his recommendation to do automatic deducations for savings and other utility items.

    His advice to "throw out the budgets because they don't work" is scary. I lived without a budget for years and never even knew where my money was going, let alone how much I was bringing in and keeping.

    He also says that "coupon clipping" is for losers, basically. The advice in this book is in great contrast to common sense. Read Dave Ramsey's "The Total Money Makeover" or Dr. Thomas Stanley's "The Millionaire Mind" instead.

    This book is garbage. I only gave it the rating that I did because the quality was good, voice wise.

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    7 people found this helpful

    • Overall
      4 out of 5 stars
    • Performance
      4 out of 5 stars
    • Story
      3 out of 5 stars

    Great Advice but repetitive

    What did you love best about The Automatic Millionaire?

    The Automatic Millionaire should definitely be listened to by those wanting financial freedom. The main solution for this is highlighted early on in the book (automatically withdrawal to saving/pension account) within the first half and you will understand the main principal early on. The second half is just case studies and examples. Definitely worth a listen, but you may become a little bored after the first hour.

    Which scene was your favorite?

    The first hour of the book is interesting.

    What did you learn from The Automatic Millionaire that you would use in your daily life?

    Automatic savings are vital, set up finances to pay yourself first.

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    5 people found this helpful