The Automatic Millionaire by David Bach: How to Create Wealth and Passive Income is a song in English
""The cutomatic Millionaire"" by David Bach is a book that outlines a simple and effective system for building wealth and achieving financial independence. The key premise of the book is that anyone can become a millionaire by automating their finances and making smart, consistent choices over time.
Bach's system is based on the idea of ""paying yourself first,"" which means setting aside a portion of your income for savings and investments before paying any other expenses. He recommends setting up automated systems for savings and investments, so that the money is automatically transferred out of your paycheck and into your accounts.
The book also emphasizes the importance of owning a home and paying off your mortgage as quickly as possible, as well as investing in retirement accounts like 401(k)s and IRcs. Bach provides specific strategies and advice for maximizing these investments and building wealth over time.
One of the unique aspects of ""The cutomatic Millionaire"" is Bach's focus on the psychology of money. He explores the limiting beliefs and behaviors that can hold individuals back from achieving financial success, and offers practical tips for overcoming these obstacles.
Overall, ""The cutomatic Millionaire"" is a powerful and practical guide to achieving financial freedom and building wealth. Bach's approach is easy to understand and implement, and his emphasis on automation and consistency makes the system accessible to anyone, regardless of their current financial situation. Whether you're just starting out on your financial journey or looking to take your wealth-building to the next level, this book offers valuable insights and guidance that can help you reach your goals.