|Print List Price:||$17.00|
Save $7.01 (41%)
Random House LLC
Price set by seller.
The Automatic Millionaire, Expanded and Updated: A Powerful One-Step Plan to Live and Finish Rich Kindle Edition
|New from||Used from|
Explore your book, then jump right back to where you left off with Page Flip.
View high quality images that let you zoom in to take a closer look.
Enjoy features only possible in digital – start reading right away, carry your library with you, adjust the font, create shareable notes and highlights, and more.
Discover additional details about the events, people, and places in your book, with Wikipedia integration.
Ask Alexa to read your book with Audible integration or text-to-speech.
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Customers who bought this item also bought
About the Author
- File size : 31346 KB
- Publication date : December 27, 2016
- Print length : 275 pages
- Word Wise : Enabled
- Text-to-Speech : Enabled
- Enhanced typesetting : Enabled
- X-Ray : Enabled
- Publisher : Currency; Expanded, Updated edition (December 27, 2016)
- ASIN : B01G0GD0PE
- Language: : English
- Lending : Not Enabled
- Best Sellers Rank: #51,991 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
Top reviews from the United States
There was a problem filtering reviews right now. Please try again later.
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 accounts
Use 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.
Invest 10-20% of your wages for retirement before your take home pay. You won’t miss it.
Avoid silly debt like expensive cars and things that you might think impresses people. Nobody truly cares.
Live below your means and let the difference create wealth.
I hope the emotional effect this book had on me can work on you, and give you the motivation you need to take action to automate your finances. It is so simple anyone can do it.
I have been saving this way for decades "set it and forget it" - like the old infomercial used to say! I can retire in 2 years and look forward to a future of financial independence.
According to multiple sources, 6 out of 10 Americans don't have $500 in savings. This book is a powerful tool to help fix this crisis!!
Top reviews from other countries
All this and I've only just passed the half way mark of this book. I better go and return 'Start Late, Finish Rich'.