The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich

The Automatic Millionaire

A Powerful One-Step Plan to Live and Finish Rich

2005 • 111 pages

Ratings9

Average rating2.9

15

I learned about this book during an OK interview with the author on Betterment's new podcast. I was curious, and it's a short, super-quick read. Mostly I didn't like it—the style, the attitude, questionable hypotheticals, and questionable advice (overemphasis on 401(k), bonds, and homeownership). It's mostly aimed at personal finance beginners, but I hesitate to recommend it even for beginners because there are better sources of information out there.

It gets two stars because the underlying thesis (automate everything related to saving and spending) is spot on. If you're not automating everything already, maybe this is worth a couple hours. Or skip this and read Nudge and The Willpower Instinct instead.

January 11, 2017Report this review