The Automatic Millionaire Homeowner: A Powerful Plan to Finish Rich in Real Estate
Written by David Bach
Narrated by Oliver Wyman
4/5
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About this audiobook
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
From the Hardcover edition.
David Bach
David Bach is one of the most trusted financial experts and bestselling financial authors of our time. He has written ten consecutive New York Times bestsellers with over seven million copies in print, including two #1 New York Times bestsellers The Automatic Millionaire and Start Late Finish Rich. In addition to his books, David has impacted millions of people over the past two decades through his seminars, speeches, newsletters, and thousands of media appearances. He is also the cofounder of AE Wealth Management, regarded as one of America’s fastest-growing financial planning firms, and the founder of FinishRich Media, a website dedicated to revolutionizing the way people learn about money. Learn more at DavidBach.com.
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Reviews for The Automatic Millionaire Homeowner
172 ratings14 reviews
- Rating: 5 out of 5 stars5/5everyone has got to read this book!
- Rating: 2 out of 5 stars2/5blah....i tried to get through this, but it sounded like he was repeating himself the whole time and had waaay too much enthusiasm.
- Rating: 4 out of 5 stars4/5David Bach puts forth what many of us learn from teachers, financial advisors, and parents into simple and straight forward methods. Add to that the examples and charts help emphasize the importance of following his advise, which is where many advisors, parents, etc have failed to do for many of us.
- Rating: 4 out of 5 stars4/5David Bach puts forth what many of us learn from teachers, financial advisors, and parents into simple and straight forward methods. Add to that the examples and charts help emphasize the importance of following his advise, which is where many advisors, parents, etc have failed to do for many of us.
- Rating: 4 out of 5 stars4/5It's been a few years since I've read this book, but I remember being impressed by the advice to automate your finances, and I've done that to an extent. I could probably benefit from a re-read of this one, but it would have to get in line behind so many others on my to-read list.
- Rating: 3 out of 5 stars3/5Yes, it does seem to work. The catch is that you have wait 30-40 years. Pretty obvious in a lot of ways, and I figured out I was already doing everything he recommended. But it was encouraging, and I would totally recommend it to someone totally new to the idea of saving (like a teenager).
- Rating: 5 out of 5 stars5/5Great audiobook and advice that is shared in this book. I am glad to be able to follow along in this book.
- Rating: 4 out of 5 stars4/5Easy to follow. Filled with tons of useful knowledge. Love how it covers both the ups and downs of Real estate. The book does a great job of listing the risks with certain loans so you can make an informed decision to avoid pitfalls.
- Rating: 5 out of 5 stars5/5Good book that can make poor rich in developing countries
- Rating: 5 out of 5 stars5/5Very fascinating book with simple, easy to understand concepts. I recommend this book for everyone. Definitely worth a read.
- Rating: 4 out of 5 stars4/5Book was written in 2005, right during the property boom period around the world. Interesting that author mentioned in last chapter that soon after the boom comes the downs, which is what actually happened in 2007 around the world. Good read, highly recommended.
- Rating: 5 out of 5 stars5/5Great audiobook, would recommend it to anyone wanting to grow!
- Rating: 5 out of 5 stars5/5great book. I've learned a lot. craving for more of its kind.
- Rating: 5 out of 5 stars5/5This book definitely reveals a solid perspective toward the benefits of owning a home and the benefits it provides when viewing it is an investment. Good read.