Customer Reviews for

The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich

Average Rating 4.5
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Most Helpful Favorable Review

2 out of 2 people found this review helpful.

A reviewer

I've purchased several finance books, even had others give me theirs hoping it would sink in.....whatever 'it' was the author was trying to say. I finally got overly tired and frustrated because their 'point' were all over the place. I didn't see a common thread, and ...
I've purchased several finance books, even had others give me theirs hoping it would sink in.....whatever 'it' was the author was trying to say. I finally got overly tired and frustrated because their 'point' were all over the place. I didn't see a common thread, and I normally put the book down because I was confused about where to start. THAT'S NOT THE CASE WITH THIS BOOK!!!! For the first time, there is a common thread....and he tells you where to start and tell you exactly what to do. I was so motivated to finish this book...I couldn't put it down. I read in 5 hours straight...you can too. I am by no means an avid reader, but I couldn't help myself because I had to continue removing the shackles and recieving all of these financial breakthroughs that putting the book down would have been a diservice. I've never finished a book before, but this one was highly significant!! I can't tell you enough how much I enjoyed and highly recommend this book!!!

posted by Anonymous on May 31, 2008

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Most Helpful Critical Review

1 out of 1 people found this review helpful.

Bach is a hack

I agree with a previous reviewer. Bach sat with other bestselling financial books, jotted down the main points, changed the jargon a little and put a catchy title on it and now is selling it. There are no original ideas in this. The 'automatic' he speaks of is simply ha...
I agree with a previous reviewer. Bach sat with other bestselling financial books, jotted down the main points, changed the jargon a little and put a catchy title on it and now is selling it. There are no original ideas in this. The 'automatic' he speaks of is simply having savings and/or 401K money automatically deducted from your paycheck...profound, huh? He says 'don't budget',etc. because he is saying that all you have to do is automatically deduct it before you get the money. That way 'you don't have to budget because it is already taken care of.' He has no new ideas. 'Pay yourself first' is from several other books including The Richest Man in Babylon. Other ideas are basic ideas he rehashes that you can find on any basic financial website. He only states very basic information that has been around forever. Oh, he does throw in many stories as fillers. To give him his due, as the show on CNBC that he was on recently stated, he did create 'the Latte factor'. What is that, you ask? He says to cut out a latte here and there, save/invest that money, and you will be a millionaire. Amazing,huh? On that show he said to save an hour's worth of pay per day. Again, he is saying basic financial concepts, but he changes the wording so that he seems to have substance. The title is misleading. This is a very disappointing book.

posted by Anonymous on April 23, 2007

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  • Anonymous

    Posted February 23, 2004

    Not a good book at all !!

    This book was just too simple. Would not recommend this to anyone. It is not as simple as he makes it sounds. Putting 10% of your money in a 401K does not guarantee that you will become a millionnaire. No one can predict the stock market, and he makes some very optimistic assumptions on the rate of return.... 8%, 10% etc..The market can stay flat for the next 20 years like it has done in the past.

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