You put out some good tips, BigF350, but none of the first paragraph has anything to do with the book I mentioned. I suppose that the statement about why people write books can apply to ANY author, whether it be fiction or non-fiction---I don't think any of them are doing it for free. That's their job, and people go to their job to make money and pay the bills. The reason I recommended "The Automatic Millionaire" is because it's based on several basic premises on money management......all of which are LONG term, and none of which has anything to do with "get-rich-quick" schemes or investing in "hot" stocks. Perhaps (I don't know if you ever read it) to someone who hasn't read it, the title can be misleading.....It does NOT mean "do this and become a millionaire automatically"......It means putting certain financial operations (savings, retirement, accelerated mortgage payments, etc.) on "autopilot"....i.e. "Automatically". It's advice on what to save (pre-tax) on retirement....What to save in money markets, etc. for household or "emergency" money.....How to pay down mortgages quicker....the wonders of pretax savings and compounding interest....An illustration of the "latte factor" (showing cynical people who say that they can't spare a single dime for savings how much they might actually be wasting per day or per week), etc.. It's basically a common sense book on certain things that all of us might have heard in the past....and it's geared for long-term wealth building.....not the quick payoff......all packaged into a single book. Did David Bach make millions authoring and selling this book?......Undoubtably, and good for him. Can it still be an effective "slap in the face" for people who've been short-changing their future financial independence (including me)?......Absolutely.

Plus, bigrigfixer might be scoutin' for some reading materials for his vacation, and better "The Automatic Millionaire" or "Rich Dad, Poor Dad" than "The Bridges of Madison County"........

 

Don't get me wrong, I am not against reading, its how you learn... just don't take everything they say as gospel

 

Well said, and well received.

 

Hey guys. I do realize that buying a book puts money into the publisher's pocket, with a little trickle down into the author's pocket as well. The thing is, I don't see buying books as a way to give money to someone else. I see it as an "investment" of sorts. Sure, I've wasted money on some books, but hey, I learned to not buy that book again didn't I?

I haven't bought any wealth building books yet. We'll see if they can help me.

 

hahahahahaha!!
when I was reading this, my MSN tells me when I have a email and who its from.
and it was from Education Center or something.
how weird!

 

Well, let's put it this way. If your kids grow up with everything, it doesn't make their lives any easier down the line, generally speaking. Exceptions to every rule, of course. Somewhere there has to be a happy medium. I don't mean to imply that everyone that buys nice things are over-extending. You'd just be surprised if you knew how many were.

Interesting observation there. My dad always claimed that if financial planners were that good, they'd need their time to plan their own investments. Does that mean they're all bad? Of course not- dad just believed that some discipline and due diligence on your own part should get the job done.

 

Well, I got a couple books today. The David Bach book "Automatic Millionaire" and Kiyosaki's book "Guide to Becoming Rich Without Cutting Up Your Credit Card". We'll see what I can learn from them.

Couldn't find the Rich Dad Poor Dad though, I'll probably get that on the road somewhere between here and San Diego.

 

Enjoy the book, Mr. BigRig.......I passed it around at work to several of my friends...they all enjoyed it and flew through it and after having "book discussions" (a la "Oprah Winfrey".....haha), they all increased their pretax retirement accounts (401-Ks, 457-Bs).......That's a good illustration right there......