Comments on: Book Review: The Automatic Millionaire

By: Peter

Peter — Sat, 01 Aug 2009 16:04:28 +0000

Great review Craig. I received another book by David Bach from his publisher that is sitting in my stack of books to review. I'm not sure that I'll proceed with reading that one after this review. Sounds like it may have some serious shortcomings. .-= Peter´s last blog ..Cash For Clunkers Program Suspended After Only A Few Days. Here Is Why =-.

By: Craig

Craig — Fri, 31 Jul 2009 02:29:41 +0000

@Korwin. Thanks for you encouraging words. I always appreciate feedback from my readers.

By: Korwin

Korwin — Thu, 30 Jul 2009 18:31:46 +0000

Don’t take the previous comments too critically as I greatly appreciate your blog as the content has been very solid! I turn to your blog for solid personal finance as I turn to my pastor (Piper) for solid bible teachings. Keep up the good work!

By: Craig

Craig — Thu, 30 Jul 2009 16:57:30 +0000

@Korwin. Thanks for your comment. Let me respond to a few of your comments. First, I am currently reading through a list of books that J.D. Roth at http://www.getrichslow.com recommended – this book was on that list (I blogged about this http://www.moneyhelpforchristians.com/save-money-patience/). In that post I mentioned I plan to review the books I read from that post.
As for your other concerns I both share and expressed some reservations. I suggested you read my article series Is it Biblical to Save for Retirement. I suggested this mini-series because I felt like the book lacked a biblical foundation (the book never claimed to be written from a Christian perspective).
Finally, I mentioned one of the book weaknesses was his stance on renting (#3). However, I was wondering if you might think that I reviewed The Automatic Millionaire Homeowner. This book heavily emphasizes the real estate portion, but the book I reviewed only had a few pages on the topic.
I have read articles or books by all of the authors you mentioned and I give them all thumbs up. In the future I hope to have the opportunity to review some of those documents.
Thanks again for your comment. I’m thankful to have you as a reader.

By: Eden

Eden — Thu, 30 Jul 2009 16:53:21 +0000

I read this book about a year ago. I think it's good. Nothing amazing or ground breaking, but I think that, for some people, the automation of finances is really important and possibly the only way they will successfully save money and manage cash flow. .-= Eden´s last blog ..5 Frugal Golf Tips to Make the Game Affordable Again =-.

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Thu, 30 Jul 2009 15:22:08 +0000

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By: Korwin

Korwin — Thu, 30 Jul 2009 12:43:42 +0000

There are loads of books much better than this one to do a review on. I wouldn’t give it much credit as it really doesn’t carry any solid biblical principals. And most of all, it was a book built on the housing boom that is now strongly correcting. This book was shoved onto people mostly by mortgage companies trying to convence people to buy (I worked for Wells Fargo and saw it all of the time). I would suggest books by authors such as Ron Blue, Randy Alcorn, Austin Prior, Larry Burkett, Dave Ramsey, etc.