I read like 24/7 and I love great business books that are easy, practical and parcel out really great advice. I’m knee deep in my latest golden nugget – The Automatic Millionaire by David Bach. (You can get it on Amazon.) Smart David also wrote Smart Women Finish Rich, Smart Couples Finish Rich and Start Late, Finish Rich. A real dummy, David’s been on Oprah and freakin’ everywhere else. So what’s so great about the book?
It’s simple! Basically, you have to pay yourself first, period. Determine what percentage of your gross income you can set aside before you pay any other bills – start with 1% if you have to and build up. The point is that with small amounts you won’t even notice. I know, you can’t set aside any, not true. The Latte Factor talks about how by just putting aside your $3.50 a day from Starbucks (or wherever, no S.B. hate mail please – I go there too) and then become a millionaire. Seems simple, right? It is. The key is that you have to have the money automatically withdrawn from your account before anything else because then you readjust your lifestyle and feel no pain. Of course there’s tons more to say but I’ll let you buy the book. Just start with the auto debit part and make yourself rich. Promise.
Photo courtesy of Amazon.com
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