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
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"I like David Bach...his premise? Pay yourself first...not at the end of the month IF you happen to have something left over...PAY YOURSELF FIRST!!! That's it! If it's taken out before you ever see it, you will never miss it. Good, practical book. It actually makes you believe it's possible. "
— Betty (4 out of 5 stars)
" Great book, but not as good as the original "
— Chrishipp, 2/7/2014" There was a really good lesson in this book wich made me hopeful. It was a narrative of a couple who never sold their first home but rented it out and they became very weatlthy by the time they were retired. This encourages me because since we are renting our first house ONLY because it didn't sell, that maybe it will be better for us financially in the future. Overall, I was pretty disappointed in this book. Most of the book was about how to shop for and buy a house. Most things I knew already because I have gone through that two times. "
— Sally, 2/6/2014" This book changed my life- Followed his direction, 3 months later I was sitting on money. =)Washed away all my debt., started from scratch and Saved. I'm on my second property. Looking for another....in the future. "
— Lisa, 1/27/2014" reads like an infomercial "
— H, 1/15/2014" I read this just out of college, and it gave me some great ideas. It is a realistic approach to how an "average Joe" can get ahead and become a multi-property owner in his/her lifetime. Very doable! :) "
— Katherine, 1/2/2014" Great resource for learning how to capitalize on home purchases as investments. "
— Keri, 1/1/2014" I am on a self-help frenzy, and this series of books have been thought provoking and inspirational if you are looking to improve your current financial situation. I would not say these are the end all be all in finance books, but definitely worth reading if financial planning is up your alley! "
— Chelsea, 12/26/2013" I normally love Bach's stuff, but I thought this one was pretty bare-bones and there were some things I thought were off-mark (but what do I know--I rent!). "
— Holly, 12/22/2013" His main secret is...Don't sell your first home, rent it and use the money to pay for your second home. "
— Daisy81, 11/9/2013" David Bach's very simple concepts of savings, applied to investment in real estate. A great book for anyone who is almost ready to start looking for a house but still has fear that it's an unreachable or dangerous endeavour. "
— Jackie, 11/4/2013" It was an ok book but the chapter on mortgages felt like it went on forever. And, I doubt half those mortgages are even offered now that the economy tanked. There were good ideas in the book, but I was hoping for something more. "
— Jonathan, 10/15/2013" Helped fill in the gaps of my knowledge of mortgage types & financial jargon. "
— Shannon, 10/9/2013" A must read for all ages. If you in any way desire financial independence and a place to call home, this is your book. "
— Stephanie, 8/8/2013" This guy writes great books for the everyday person a must read "
— Lewis, 8/6/2013" This book was so helpful! I highly recommend it to anyone who every wants to buy a house. "
— Aileen, 7/26/2013" This book is outdated... "
— Rebecca, 7/17/2013" Similar ideas to Bach's The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich only with specific application to owning a home (mortgages, etc.). "
— Shaeley, 7/17/2013" I think his books are written on an 8th grade level and should be read by high schoolers as a class assignment. However, for adults in 2011 they are desperately outdated now. Maybe if you have never read one they are ok. "
— Laura, 6/17/2013" Some things in here I know I'm going to use! The best part about this book is that the author repeats many times, that people who buy lots of houses just to flip them are stupid jerks who ruin it for everyone else. "
— Nathan, 5/31/2013" Again, excellent read. Less awesome than his original, but convincing arguments/tips for home ownership. "
— Ideen, 4/16/2013" Worthless book cheerleading investing in real estate as a way to grow wealth over time. Somewhat outdated and doesn't present useful, actionable information. "
— Edward, 1/7/2013" step one in me buying a home is probably "move back to philadelphia" "
— Jennie, 12/23/2012" This book is great for beginners that just want to learn what options are out there. This book provides a detailed description of loan options in easy to understand terms. This book is perfect for everyone to read before embarking on any home ownership transactions. "
— Alicia, 12/7/2012" I think this is a good book if you want to increase your understanding on making money (long-term) by means of owning homes-I would much rather read something entertaining though! "
— Dena, 10/3/2012" Must read book if you're planning to buy a house. "
— Daniel, 9/23/2012" Although this book is sort of basic on some of its messages, it is quite inspiring to get people to buy their first home. I even put a deposit on my first condo within a few months after reading this book the first time. "
— Christy, 9/2/2012" This was a good book. It got me thinking about real estate for a short term. Then I realized I don't have the time, energy or money to follow the plan... but if you do, you will be successful. "
— Matt, 8/12/2012" Very basic stuff we all know but may have forgotten or chosen to ignore. "
— Ileana, 6/24/2012" good starter but pretty flat after the first half "
— Karen, 4/17/2012" This book contains some good advice for buying a home and is also a convincing arguement as to why homeowning is a good long term investment. It will also make you think twice about selling your house versus holding onto it as a rental property. "
— Jason, 12/10/2011" Not my usual type of read, but after I was given this as a gift, I powered through it. Worth it. I still mentally reference this as I manage my finances, and at 19, I think I'm doing pretty well in setting myself up for the future as well as taking care of myself now. "
— Porsche, 6/22/2011" Great, practical tips to managing money. Loved the "latte factor." "
— Shaeley, 6/10/2011" <br/>if not for this book, i never would have thought about a 401k "
— Lawn, 5/1/2011" I really like his ideas. They are safe and not daring ideas and I like a little more risk, but he helps us to make sound financial decisions. "
— Nick, 4/29/2011" Great tips on automatic savings programs, will be applying them to our financial planning! "
— Laurel, 3/9/2011" Great book with very easy, helpful information! "
— Lindsey, 3/3/2011" Very simple tips that everyone can and should be doing! Easy read! "
— Nelly, 2/23/2011" I listend to the audio book.Im not the type of person who dreams about being a millionare 24\7 but my bro said i should listen to it so.I didnt listen to the last chapter because it was all about taxes..but all in all he had seome good points and he made it interesting so i didnt get bored. "
— Khawlah91, 2/13/2011" I liked it - very practical advice on financial planning, especially making good financial habits automatic - payments to savings, extra mortgage payments, charitable donations, etc. "
— Melanie, 1/19/2011" One of the easiest books I have read. It opened my eyes to a lot of different ways to save and not spend what I have saved up. "
— Erin, 1/11/2011" Great money management eye opening tool. "
— Dorensa, 1/7/2011" Lots of great ideas. I don't agree with all of his ideas but I do agree on how important it is to use automatic transfers to keep on target for reducing debt and adding to retirement and savings. But I also think it is important to have a monthly budget. Well written. "
— Emily, 11/18/2010David Bach is a prolific financial author boasting nine consecutive bestsellers and garnering attention from publishing, business, and popular media sources. His breakout book, The Automatic Millionaire, was the #1 Business Book of 2004 according to Business Week. Creator of his signature FinishRich™ seminar series, he shares financial strategies through frequent lectures and presentations. He currently lives in New York.
Oliver Wyman is an actor and award-winning audiobook narrator. He has won five Audie Awards from the Audio Publisher’s Association, fourteen Earphone Awards, and two Listen Up Awards from Publisher’s Weekly. He was named a 2008 Best Voice in Nonfiction & Culture by AudioFile magazine. He has appeared on stage as well as in film and television, and he is a veteran voice actor who can be heard in numerous cartoons and video games. He is one of the founders of New York City’s Collective Unconscious theater, and his performances include the award-winning “reality play” Charlie Victor Romeo and A. R. McElhinney’s cult classic film A Chronicle of Corpses.