The Automatic Millionaire Homeowner

Suggested Titles

Overview

"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."

Selected Reviews

Good information

by Kelly Abad
  • Book Rating: 3/5

The Automatic Millionaire Homeowner

by Kirk Kenneway
  • Book Rating: 2/5

More...

Read All 4

Reviews (4)

Good information

Written by Kelly Abad on January 30th, 2008

  • Book Rating: 3/5

This had a lot of good information in it. I knew most of the stuff already, since I am a licensed real estate salesperson, but it's a good refresher. A little short with the abridged version. I would suggest it if you want to understand a little more about buying and selling homes.

The Automatic Millionaire Homeowner

Written by Kirk Kenneway on October 2nd, 2007

  • Book Rating: 2/5

Enforces the notion that the buy and hold philosophy will likely result in success, but very little information for someone trying to learn how to be a real estate investor.

Some good ideas and references

Written by Anonymous on July 20th, 2007

  • Book Rating: 4/5

Overall, this book didn't have new and thuderous ideas, but they were presented in a pretty easy to understand format, and for renters or home buyers that don't have a lot of experience, it would be a good motivator and provided some interesting tools. Already owning several rental properties myself, it was an interesting listen that provided some information I didn't agree with, some I hadn't considered, and some that I already knew. If you are curious and have some extra time, or a renter and need some motivation, start here... probably NOT a great listen for the Donalds and such of the world.

Automatic Millionaire Homeowner: A Powerful Plan to Finish Rich in Real Estate

Written by Anonymous on November 11th, 2006

  • Book Rating: 4/5

Inspirational audio which presents basic common sense about self control (savings) and how easy it can be to obtain property with a little hard work. Provides guide lines how to become a homeowner as well to start to create wealth through property ownership. Excellent audio if you are a novice in the real estate arena

Selected Reviews

Good information

by Kelly Abad
  • Book Rating: 3/5

The Automatic Millionaire Homeowner

by Kirk Kenneway
  • Book Rating: 2/5

More...

Read All 4

Author Details

Author Details

Bach, David

David Bach is a popular American author and media personality that has appeared on some of the biggest talkshows and financial programs on television and radio. He has published several best selling financial books including the Automatic Millionaire and Finish Rich series of books.

Bach has published several financial books to help readers understand their finances and increase their wealth. The success of "The Automatic Millionaire" book inspired several other publications by Bach, including "The Automatic Millionaire Homeowner", "The Automatic Millionaire Workbook", and "El millonario automático". David Bach also has a Finish Rich series of books that include the New York Times bestseller "Start Late Finish Rich", "Smart Women Finish Rich", "Smart Couples Finish Rich", and "The FinishRich Workbook".

From his experience in teaching finance and working with people, David Bach believes that your answers to the following Five questions will determine whether you will become a millionaire or not. If you answer "yes" to the following questions, your chances of becoming wealthy will be increased dramatically.

The Five David Bach Questions:

1. Do you know your Latte Factor? (The Latte Factor® is based on the simple idea that all you need to do to finish rich is to look at the small things you spend your money on every day and see whether you could redirect that spending to yourself.)
2. Do you "Pay Yourself First"?
3. Have you made your financial plan automatic?
4. Do you own your home?
5. Do you tithe?

The FinshRich media company that David Bach founded takes advantage of the popularity of his Finish Rich books. The company aims to educate people about finance and how they think about money. Finish Rich media has five major segments that include Publishing, Partnerships, Internet & Direct Commerce, Live Events, and Television/Radio.

David Bach lives in New York with his wife Michelle and son Jack.