The automatic millionaire by David Bach

Processes that are automated are the ones that work. Processes that aren’t usually don’t.

This is a good book that talks a lot about the following topics

If it is easy to become an Automatic Millionaire, why don’t most people do it? The answer is human nature:

Most people simply don’t do the things they know they should do.

The automatic millionaire program is based on simple principles that work. They are not difficult to implement. We just need to start.

  1. The kind of wealth we build is determined by the way cash flows through our lives
  2. Pay Yourself First
  3. How to automate the process of saving for retirement
  4. Different types of retirement plans that are available
  5. Investment ideas for the money in the retirement plans
  6. Automatic millionaires don’t do debt

If you want to be a millionaire, there are only three things you really need to do:

  1. decide to Pay Yourself First 10% of what you earn
  2. Make it Automatic
  3. buy a home and pay it off early

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