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

I first read the Automatic Millionaire in 2007. I immediately made changes according to the common sense advice given in the book— such as setting up bi-weekly mortgage payments. I saw it again in 2025— Kindle format. I purchased it and re-read it. For the most part my wife & I been doing everything right. But in reconnecting with the book I found that there are a few more improvements that we can make. So, we’re in the process of making those changes for a more secure financial future. This is a wonderful book containing a wealth of financial insight. I highly recommend this book.

Read my first one by David Bach dated in 2003 and loved it so much that I decided to send it to my 15 year old grandson in Germany to start learning about the power of starting early in preparing for your retirement. He loved it and has begun even reading more in depth information by reading a book that was written by Warren Buffett's mentor in the 1950's. I ordered another book by David Bach to replace the one I sent to my grandson and found a newer updated version published in 2016. Love it too..gives really updated info. Ordered one for the sweet Asian gal who does my pedicures and encouraged her to start now so that she too can become an "Automatic Millionaire". This book doesn't tell you what specifically you should invest in, but gives you the steps to take to secure your financial freedom. It is an easy straight forward read. It should be a gift to every child, grandchild, or neighbor who is 15 years or older. Start them NOW on this vision for their future !

Being about 5-7 years from retirement (hopefully) I wasn’t sure if this book would have much value to me. While I consider myself to be fairly informed on basic savings and retirement planning, I found the book to be very informative, reminding me of things that I had never done and forgotten or known but not implemented. It helped me to revise and improve my plan by deliberately targeting increasing my savings and paying down my mortgage more quickly. I have gotten a copy of the book for my daughter and am recommending it to family members and anybody else looking to improve their retirement strategy and become an automatic millionaire. Quick read that is interesting and informative with simple ideas that anybody can use!

In my opinion, if a personal finance book is going to really have quality knowledge I think its got to have the core principles. Pay yourself first, get out of debt, emergency fund, retirement, etc. These are all fundamental in wealth building and this book does a great job in each chapter of breaking it down in such a way that the common man or woman with their daily lifestyle can adapt to and incorporate. While like other books it does seem to get repetitive and I often think to myself, "Oh great! Another Dave Ramsey or Robert Kiyosaki telling me the same thing blah blah blah" this one stands out because the entire premise of the book is to make everything automatic. Direct deposit a portion of your pay to your retirement, set it up so that when you give up budgeting on the 3rd month or week because lets be honest we all do, you will still be saving money that is out of sight and out of mind. While portions of the book may be repeated knowledge to some, it is an eye opener for others, at 25 yrs old I am happy to be learning these lessons now as opposed to during the next recession. Growing up in an area where in 08' seemed like every kids parent's were losing their jobs (my parents as well) it really is a scary thought thinking back to that time. Fear is what it took me to start reading financial books and this one I will throw up there with the top of them, especially in the 21st century. Read this book, you will think a lot, you will be anxious but motivated, but most of all you will be educated, and you will thank yourself later.

I must say this book has literally changed my way of thinking which will also change my life. It's very straightforward with PRACTICAL tips that one can start right away... No fluff!Never know and then you come across valuable information that you would want to share with your loved ones to make sure that they know it too. Well this is exactly what this book does.This is information that is not taught in school. Go get it and after you read it gift copies to the ones you love and I promise you your lives will never be the same.

The Automatic Millionaire is a quick easy read and in plain language that anyone not financial savvy can understand. I purchased it years ago when it was first published and use it anytime I need financial advice. Each chapter covers different financial basics from clearing debt to buying a home to retirement planning. I’m a slightly above minimum wage worker but it helped me realize my biggest goal, buying my own home, it explained step by step every part of the buying detail. Got me watching my credit score finally over 800. That’s my success.

This was a great book on personal finance for beginners.If you're not familiar with the foundations of personal finance and want to start accumulating wealth: this is a fantastic book to get started with. It covers all the basic things you need to know to be successful at managing your money.The main concept is this: you should save at least 1/8th of your total (pre-tax) income. If you have debt (other than a house), pay that off first. Then, in this order, stock your money away:- In your 401k- Roth IRA- SEP IRA- Taxable accountsUse low-cost index funds (with a broker like Vanguard).If you do this, you'll live well and build a significant pile of money.The main idea of this strategy is that if you work a full-time job (and are doing 8 hours per day), you should be working at LEAST one hour per day for yourself (not your bills, etc.) -- this is where the 1/8th number comes from. If you can do more? That's great! If you can do less? Work on lowering your expenses or raising your income until you can make it happen.