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The Automatic Millionaire Homeowner: A Powerful Plan to Finish Rich in Real Estate

Abridged Audiobook

Written By: David Bach

Narrated By: Oliver Wyman

Publisher: Random House (Audio)

Date: March 2006

Duration: 4 hours 26 minutes

Summary:

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


From the Hardcover edition.

Genres:

  • HappyVegan

    The narrator is good, the book covers everything one needs to know. Since this was written before the housing crisis/foreclosure "boom", some of the advice appears hollow, but the author does include warnings, but of course at that time no one was listening. Ironically, now is the best time to buy real estate, not when this book was most popular and everyone was buying houses above their means. This is a good book for the first time home buyer and the first time rental property investor. After that, most people would know everything in the book. Thorough.

  • Anonymous

    This book is too late in time to be relevant with the housing industry the way it is currently.

  • Kelly Abad

    This had a lot of good information in it. I knew most of the stuff already, since I am a licensed real estate salesperson, but it's a good refresher. A little short with the abridged version. I would suggest it if you want to understand a little more about buying and selling homes.

  • Kirk Kenneway

    Enforces the notion that the buy and hold philosophy will likely result in success, but very little information for someone trying to learn how to be a real estate investor.

  • Anonymous

    Overall, this book didn't have new and thuderous ideas, but they were presented in a pretty easy to understand format, and for renters or home buyers that don't have a lot of experience, it would be a good motivator and provided some interesting tools. Already owning several rental properties myself, it was an interesting listen that provided some information I didn't agree with, some I hadn't considered, and some that I already knew. If you are curious and have some extra time, or a renter and need some motivation, start here... probably NOT a great listen for the Donalds and such of the world.

  • Anonymous

    Inspirational audio which presents basic common sense about self control (savings) and how easy it can be to obtain property with a little hard work. Provides guide lines how to become a homeowner as well to start to create wealth through property ownership. Excellent audio if you are a novice in the real estate arena

Automatic Millionaire Homeowner: A Powerful Plan to Finish Rich in Real Estate

by David Bach

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