Book Review: The Automatic Millionaire

by David Bach

Rating: 9/10

Content: The Automatic Millionaire is great book that focuses on paying off debt, the power of compound interest, and provides extremely practical principles to obtaining financial freedom through investments, correct spending; etc. This is NOT necessarily a “Christian book,” though it contains kingdom principles throughout.

Every high school student and college student needs to read this book, because our culture is screaming to them, “buy now and pay later.” This book’s teaching on planning expenditures, eliminating debt, and saving for retirement now, are something that should be taught in every high school and college around the country. Unfortunately, it hasn’t; thus, America is in the financial situation that it now is. I’m not saying that this is the answer to every financial question, but this book is foundational to understand how to be a steward of the finances that God has given us. I wish I could stress the importance of reading this book! If you have questions about saving (investments such as mutual funds, stocks, bonds, savings accounts, emergency accounts), eliminating debt (school loans, mortgage, credit card, car payments), and retirement (401k, 403b, IRAs), and you’re looking for a practical, easy read, this is the book for you!

Winston Churchill said, “We make a living by what we earn… we make a life by what we give.” 

This book helps me to understand that if I “get some things straight,” financially, now, I can be like the wise man who leaves an inheritance for his children’s children, and I won’t have to shrink at any opportunity to give in the future.