Friday, October 4, 2013

How to Become a Millionaire

For those who want to know the secret(s) to how to become a millionaire, you must be willing to accept what is required of you, and do it in faith that these secrets are tried and true and will not fail you.

START EARLY
PAY YOURSELF FIRST
&
MAKE IT AUTOMATIC

Now, is that really such a challenge? Well, for many it is, because they lack faith in the system. Only when they are shown the underlying logic that makes this system work, are they more willing to try it - yet, even then, after witnessing hard core evidence, they may still shy away simply because of a lack of trust (perhaps not as much but nonetheless). If you are one of those who need to see how this really works before you put your money on the line, and to make sure I am not just pulling your leg, or you simply just want to know more about this in general, then I recommend a book for you called, 

"The Automatic Millionaire: A Powerful One-Step Plan To Live And Finish Rich" 

by David Back



     All of about $7 to $10 for a new copy (or as low as $4 used). I purchased a used copy my self for a University Family Finance class I recently had taken. It was an EZ-A class that would satisfy a general education graduation requirement. I figured "why not?", it would be more fun than a second history or humanities class and guess what, I do fancy some business and number-crunching from time to time.
     I graduated highschool one year after they started requiring students to take a financial literacy class. I learned quite a bit in that time and it really motivated me to take action and build up my wealth - again, not a very challenging class. I even desired to dive into stock exchange after hearing the many success stories from older generations, then, around my age. 
     My first goal with taking a similar class was just to slap another beautiful 'A' on my transcript. Then, as the week drew closer to this class, I started thinking about how this class would benefit me beyond an A-grade. The thoughts that ran through my mind got me even more excited and I couldn't wait for class to begin, like the night before Christmas.
     One of the books that where required on my list was the book 'Automatic Millionaire.' Those words sounded like the book was going to be an entertaining read - and I am not one who likes to read just any book that is required of me. Anyways, the week came when we needed to read the entirety of the book and write a summary about it. I must say, the introduction really builds on one's curiosity to 'know this answer' of which they so highly esteem. David shares a simple proof of concept through a story of how he came to learn about this secret. Following his story, David dedicates the remaining chapters to a deeper understanding of how things work and what one needs to do to become a success. (He also includes a checklist at the end of each chapter because 'there is just something about righting it down that motivates one to act upon it')

Buy the book, read it, live it, and love it!

Just a Little Note: This book (The Automatic Millionaire) is NOT about becoming an instant millionaire, but rather about how to retire as a millionaire without all the hullabaloo one could think of. Some of these techniques mentioned in the book also work outside the bounds of retirement as well.