When I picked up “The Automatic Millionaire” I was looking for an investment strategy for retirement. Waht I found was a simple yet elegant method to secure my financial future. While I did not buy lattes or lunches at work, I did splurge an average of $125 on dinners out with friends once a month. I also spent another $100 on books/DVDs every month. That was $250 dollars that I could have used to build my finacial future. After reading your book, I opened a ROTH IRA account, I increased my 401(K) contribution to 15% of my pay (my employer matches 100% of the first 5%) and made it automatic. I didn’t feel a too big difference in my take home pay but my 401(K) balance is very healthy and my ROTH is also doing well. I didn’t give up going out with my friends but we toned things down. Our main purpose for these dinners was to spend time with each other so now we have game nights or we go out for a latte and a marathon talk session. My friendships are stronger and all of my friends are also well on their way to becoming automatic millionaires.
Thank you so much!! Here’s to living rich!