Automatic Millionaire?

[natandchrisdal]

The Automatic Millionaire is based on sound financial concepts. David Bach persuades readers to eradicate debt, to live economically, and to pay themselves first. However the core of his book is unique: rather than develop determination and self-discipline, Bach says, why not bypass the human element altogether? Why not make your path to wealth automatic?

You’ve all heard that you’re supposed to “pay yourself first” but what does this really mean? This idea simply suggests that before you pay your bills, before you pay your taxes, before you pay anything else, you need to set money aside for yourself. This isn’t money to spend, but money to save for the future.

[andyphelps]

That is easier said than done, but I will give it a go

[lylestephens01]

sounds interesting but doing it is kinda hard for the start, it needs patience, time, money and effort

[xmasdeer]

The principle is good, but quite difficult in this climate

[pink_briefcase]

f you want to put up your own restaurant that showcases gastronomical delights of your choice, then it would be one financial investment that you have to be always wary of all aspects of this kind of business.

Australian Entrepreneurs
www.toughbiz.com

[offshorestaff leasing]

staff leasing services (http://kmcsolutions.us/)

I can help you with that but it would take you some money and great effort to earn a million. You just need to invest to us. And be an investor.

[fromscratch78]

Automatic and Millionaire in one sentence makes e sceptical.

[eversuccesseful]

the fact of paying your self first is a good concept but it is one that means more than just paying your self first.
your business has to be profitable to start with.
you must be able to service your business loan and service your debts before you put moneys into investments.

[Lizzie]

The concept is great - as long a people understand that you still have to pay your commitments. The abbreviated version is rather misleading. The true concept is that you honour your commitments, then pay yourself for investment purposes and anything left over is yours to spend on doodads like takeaway coffee, clothes, new car, holiday etc.