I just wanted to take a minute and say thank you to David Bach and “The Automatic Millionaire”! I have been out of college for about 3.5 years now and have been working on getting a good solid foundation financially. Although, the current job I have is not the highest paying job, it gives me a start. And while I was reading “The Automatic Millionaire” I would stop and take time to do the actions steps at the end of the chapters…many of which I was already doing, at least to some extent. I realized that I can pay myself more because 5% of my gross pay automatically goes into a retirement account for me. The light bulbs went off and began regular bi weekly automatic deposits into a Roth IRA funded with low cost mutual funds. I also began biweekly credit card payments to get my debt paid off sooner, and setting a little extra aside each month into a money market account so I can save for a down payment on a house.
Before I even finished the book I was totally pumped up and it’s been a week now since I’ve finished the book, and it only took me about a week to read it.. reading a couple chapters a day… And I have been pumped up ever since. In fact I want to tell everyone I see about it and share with them the easy no nonsense approach that many of us already know but just don’t put into practice because we don’t really see the ability to or see the numbers that makes it hit home just how beneficial it is. I just wish now that I was a Certified Financial Planner or Adviser so that I could officially give the seminars in this area and hopefully motivate others to Automate their financial lives!
So again, Mr. Bach, I would like to thank you for showing me that it is easier than I expected to achieve financial wealth over the long term, and for reaffirming some ideas I had been toying with but never put into action, or never contributed enough to until reading your book. For now my finances are on their way to becoming totally Automatic, so hopefully I’ll become the next Automatic Millionaire. Thank you again, and I will definitely spread the word in my area, as well as work through your Finish Rich Workbook.