The Automatic Millionaire Homeowner, David Bach
The Automatic Millionaire Homeowner, David Bach
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The Automatic Millionaire Homeowner
A Powerful Plan to Finish Rich in Real Estate

Author: David Bach

Narrator: Oliver Wyman

Abridged: 4 hr 25 min

Format: Digital Audiobook Download

Published: 03/07/2006


Synopsis

How does an ordinary person with an ordinary income reach their seven-figure dreams? First they must own their own home – and do it David Bach’s way. The financial coach who has helped millions to finish rich is back with a simple, powerful solution to get rich in real estate. As David says, “Renters stay poor, homeowners get rich, and smart landlords laugh all the way to the bank!”

In his breakout 2004 bestseller, The Automatic Millionaire, David Bach showed why owning your own home is not only smart, it’s the core secret to becoming a millionaire. In his new book, tailored for a Canadian readership, he shows exactly how to make that happen with a simple, automatic plan you can read in an hour and put into place today. Renters will learn how to buy a first home, even with lousy credit and tiny savings. And existing homeowners will find out how to turn the roof over their heads into a powerful investment that doubles, triples, and quadruples in price while you simply enjoy living in it. And while you don’t have to be a landlord to finish rich, if you’re willing to be, David teaches you how simple it really is to buy a rental property even while you’re paying the mortgage on your home.

The Automatic Millionaire Homeowner is brilliantly simple, easy to read, highly motivational with a realistic, take-action method for achieving financial prosperity in real estate, starting now.

Bach offers time-tested tactics on all the essentials, including:

• Why you shouldn’t wait: busting the myths of renting
• Finding a down payment right now using the Automatic Down Payment Solution™
• Choosing the mortgage that is right for you – even with debt, even with imperfect credit
• The secret system for debt-free homeownership: why you must Make It Automatic!
• The Automatic Millionaire Right Place, Right Time, Right Price, Right Program™ for buying and selling
• Learn the Automatic Millionaire Mindset™ and collect “automatic cheques” while you sleep

About The Author

David Bach is the author of the #1 international bestsellers The Automatic Millionaire, Smart Women Finish Rich, Smart Couples Finish Rich, and The Finish Rich Workbook. He is the host of his own PBS special, “Smart Women Finish Rich.” Bach’s Finish Rich Seminars™ are now the leading financial seminars in North America, having been taught in over 1,700 cities by thousands of financial advisors. Bach has appeared on ABC’s The View, Breakfast Television, NBC’s Weekend Today, CBS’s Early Show, CNN, MSNBC, and the Oprah Winfrey Show.


Reviews

Goodreads review by Meredith on April 05, 2023

Updating my rating be because while I usually negotiate everything in life already, knowing EXACTLY which levers to pull on the closing doc saved me $1,000 today (processing fee, credit report fee, appraisal fee varies by company). That itself is worth 5* from me :)......more

Goodreads review by Jon on January 26, 2019

I found this book to be surprisingly useful. Well not a guide on how to become a millionaire, it is a guide on how to buy a home. He wrote this book on the way up of the big real estate crash in 2007 and 2008. Much of his perspective is shaped by a real estate market that's going crazy and dubling r......more

Goodreads review by Joe on May 24, 2019

My wife and I went to a home-buying seminar put on by our credit union, and one of the speakers recommended this book. It's a quick read, and although it's a little dated -- author David Bach is writing in 2005 just before the housing bubble crashed, and he also over-explains some computer things li......more

Goodreads review by Darby on September 01, 2020

I thought this book was pretty terrible based on the advice that It gave. This book was written in 2005 which is important to consider because it was during the real estate bubble. The author encourages everyone to buy a home no matter what their circumstances are. They could have no money down, cre......more

Goodreads review by JB on October 19, 2021

Never has a book "dated" itself so blatantly as this one. It was eerie reading this author's opinions and recommendations for getting into real estate just 2 years before the real estate crash of 2008. I also doubt a lot of the advice would work in today's market, where first-time home buyers in the......more


Quotes

#1 Wall Street Journal and USA Today bestseller

Over 1 Million Copies in Print!


Praise for The Automatic Millionaire Homeowner
“[Bach’s] cheery, can-do message…cuts through the intimidating challenge of buying a house for the first-timer… for a newcomer, it’s fundamental reading.” — USA Today

“A great book that first-time homeowners and anyone toying with the notion of investing in real estate will find immensely practical… Bach offers universally good advice on how to begin saving and building wealth through homeownership… wildly motivational. — Publishers Weekly (starred review)


“If you read only one real estate book this year, it should be The Automatic Millionaire Homeowner...This is one of the few real estate books that cannot be recommended too highly for both beginners and experienced homeowners.” — Robert J. Bruss, The Miami Herald