I found “The Automatic Millionaire” at,of all places, the grocery store. I was at the local Safeway picking up some groceries and they were having a book sale. Being a voracious reader, I had to stop and look….and I noticed your book. I read the back and thought it sounded interesting, but more money than I needed to spend right then.
When I went back later that week, intending to buy the book, it was gone and I was very disappointed. I had been thinking about the brief things that I had already read and wanted more. So I went back again that weekend and there was one copy!!! I made sure that I grabbed it and started reading it right away.
Two days later I spoke with my H/R department at work to fill out the forms to increase my 401K contributions. I am also working on changing my automatic savings so that instead of just our regular savings, we have some going to a money market account.
I have looked at my own “latte factor” and though I do not buy one everyday, it was still more than I need and have decided to only get one when I have earned a real treat, not “just because”. Right now that will be when I lose 10 pounds, I can get a latte. 🙂 I have also looked at the things that I buy my kids “just because,” and have told the two oldest that they need to get used to the fact that they will be getting stuff less often because I am working harder on our futures!
I have worked up our DOLP list in an Excel spreadsheet and have it planned out as to who and what to start paying off first. I am really excited about this and have been having a blast playing with the formulas and numbers to see how much faster I can pay some of these off. I have also worked it out to make at least one extra payment a year on our mortage, maybe two if I can squeeze it out.
My sons are 14 and 15 and I am working on their college funds. I now have the tools and knowledge to help them get started on their financial future NOW by teaching them more about savings and planning than I have to date.My daughter is only 4, so I have a long time to build for her future. 🙂 I am almost 36 and wish that I had known all of this stuff when I was a lot younger. I thought I was doing pretty good, and was making steps in the right direction, but see that there is a lot more that I can be doing to make it much better. My husband is intrigued by all of this also. 🙂
I also tithe and have donations that are automatic so I actually had one chapter of the book that I could say, Hey, I’ve got that one covered!!!!
Thank you for making the book a quick and easy read and for the practical advice to build our future!