The Automatic Millionaire, Expanded and Updated

The author has shared his experience and how one can use the tactics in the daily life to become an automatic millionaire by implementing small steps.

Good book...gives simple method of generating savings in first half of the book...second part on investment of savings is specific to author's home country...so less relevant

It is one of the best books I have read on personal finance so far. I recommend everyone to read it.

Just read this book..world of creating wealth in small things..

The book emphasises on the discipline of investment

This book is an old book as compared to today's time but it covers all the basics that one needs to know when it comes to investing. The times have changed but the rules stayed the same

Lucky to hear about this extraordinary book,very simple to follow and practice Thank you very much Quora for your guidance

A good book for people who want to know money management. Even if you can use one of the ideas, it's worth the money !!!

The book explains how to save for retirement with automatic payments and how minimize your spending habits. Also, emergency funds, charity and other topics. You will enjoy reading this. I know I did!

Very simple but POWERFUL book ! This is the kind of reading that changes your life and make you save 7 years in your life

E' un libro molto semplice che aiuta a considerare i risparmi e le spese quotidiane in ottica futura e da dei consigli preziosi anche a chi conosce bene l'argomento, come i risparmi bi-settimanali.

This guy is making millions by selling this very simple advice! I'm envious that he wrote this book and is selling thousands of copies and I didn't think of doing it first! But, getting my envy under control.....(clears throat).......I think this book informs the reader about a very good "wealth building" strategy. Of course, there are "pitfalls" to the plan....like the tendency of taking the money out early....but, even so, this plan is better than doing nothing...or buying lottery tickets! I think the book is worth reading..... But, perhaps borrow it from a friend so I won't get more jealous of the author than I am at present! :o) But, one more thing comes to mind: In the last chapter the author recommends "tithing". I suppose he means "tithing" to a church or synagogue or mosque or to some other charitable organization. He says at one point: "When you tithe you will recieve wealth back. I have seen this happen."....or words to that effect. I DISAGREE STRONGLY--especially for people making $10 an hour or in that vacinity! In the start of the book the author talks about "the latte effect" and he pursuades all of us that we CAN save without hurting our lifestyle hardly at all. Thus we give up Starbucks and other "luxuries" and that money goes into SAVINGS. Then at the end, he recommends us to SPEND that money we just saved by giving up "latte" and he recommends that we spend that money for "tithing"---giving the money away to someone else! That would be fine if your wage is, say, $50 an hour---tithe all you want! But, I assume this book is also geared to the wage earner who makes $10 an hour. At $10 an hour with todays prices for food, gas, lodging no one will be able to save a dime if they give 10% away as a gift! And, the idea that "if you give you will receive back" is so false because THERE IS NO CONNECTION BETWEEN WHAT YOU GIVE AWAY AND WHAT YOU RECEIVE. The "connection" is actually between "how much you benefit your fellow mankind and what you receive". For example, Bill Gates is wealthy..why? Because he gives money away? No, he is wealthy because he "benefits his fellow human beings" with his software that we all need and use. Thus, when someone says, "Give money to my cause or organization and you will 'position yourself to receive'" that person is not telling the truth? The truth is that if you BENEFIT your fellow man, then you will receive. Thus, is it true that there a connection between giving money to a church and later as a result receiving wealth back? I don't believe so. BUT I KNOW there IS a connection between benefitting mankind and receiving money back. So, I suggest the $10 an hour employee give, say, $10 a week to the minister of their church if that makes them feel good and they want to help the minister. But, forget about "tithing" to "receive back"...and use that "latte or tithing money" for savings for YOUR retirement and/or the investment in a college education for YOUR kids. Otherwise, you might find out that that personable and friendly minister used your "tithes" for HIS retirement and/or for the education of HIS kids! Email:boland7214@aol.

I found the advice in The Automatic Millionaire simple, easy to use, common sense and automatic. Certaintly a lot better than going through college-like textbooks that are supposed to be financial books written by people who doesnt know basic advice. It took me awhile as well to understand the `pay yourself first' concept. It wasn't until I actually took the 10% off the top of a paycheque and put it into the savings account BEFORE I paid a bill, that I finally got it. Now every source of income I make, the first 10% goes to savings before I will allow myself to do anything else with it.