Dear Mr. Bach,
My story is one of many you published in your book, “The Automatic Millionaire Workbook”. To update you, I’ve used what you teach as my financial guide ever since I’ve read “The Automatic Millionaire”. I don’t look back very often, but I’ll give you a quick glimpse into my current situation. It amazes even me how far I’m going.
Your book made me realize I could actually buy a house on my current income. Well, I have my own house now! I bought it in December 2005. I used just very bit of info you teach in order to do it, and it worked. I’m now planning to pay off my mortgage early, just like you teach. Owning a house is, as you say, the biggest investment most people make. Also, the home is a person’s “castle”, protecting him from the world.
I contribute the most possible into my 401(k). I can’t believe how fast money is accumulating, and I’m only 27! I already saved over 6 mo. worth of Emergency Funds in a high-yield savings account, also. I have you to thank for this. Your practical teachings really work.
All my debts are set on automatic payments, meaning no checks to write. What a relief! No one likes writing checks, and now I don’t think about payments; the computers are doing the work.
Now, I’m working extra and saving all the extra money into savings and into my new venture, a real estate investing company, one where I will rent out houses to families. I’ve read several books by other financial experts, and Mr. Bach, you ARE the expert.