First Impression: The Automatic Millionaire Homeowner by David Bach
by Flexo on February 1, 2006
in Uncategorized
Some time ago, I was contacted by David Bach’s people to see if I’d like to preview his new book. Bach is the popular author of The Automatic Millionaire
and like many financial writers he has turned his thoughts into a brand empire that includes seminars. His newest book, due to be published in March, is The Automatic Millionaire Homeowner: A Powerful Plan to Finish Rich in Real Estate
.
I received a copy of the book last week and have begun reading. The premise seems pretty simple so far: the best way to gain wealth is by owning property, specifically cash-flow-positive property.
It’s interesting to see a book in such an early stage of development, including typos and missing page numbers. For example, here’s a paraphrase: “The following 000 pages of this chapter will explain how to…” Once I’ve finished the book, I’ll have some deeper thoughts on the content.
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About the Author
Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.
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{ 7 comments… read them below or add one }
We really enjoyed Bach’s other book – Smart Couples Finish Rich. Looking forward to reading your review of this book.
I loved The Automatic Millionaire. I would be interested in hearing how much this book differs in concept. I will pass if it ends up just telling me how to setup my mortgage to be bi-weekly and automatically withdrawn.
Brian (or anyone else who read it): How was Smart Couples Finish Rich? Worth reading if I already read Automatic Millionaire?
I’m done with it and will be giving it somewhere between a 6 and an 8. I need to re-read parts of it to determine which one exactly.
RS – If you’ve already read Automatic Millionaire then you won’t find anything really new in Smart Couples Finish Rich. From what I remember (I did read both) the same techniques are described in both books, but Smart Couples is more geared for married types. There is some additional material on how to work with your spouse to accomplish financial goals and such…but not much else worth mentioning. I also read Smart Women Finish Rich just for grins…but it was pretty much the same material as well.
Thanks Brian. That is pretty much what I assumed.
I’m surprised they sent it out that early in its development, you’d think they’d at least wait until they were closer than the excerpt seemed to show….
Just finished reading and reviewing on Money and Investing
Good book for renters.
current homeowners may find more information in other books.