Do you dream of a financial future full of abundance and bliss – without worrying if you have enough money in your bank to achieve it?
Learn the secret from The Automatic Millionaire!
Join me as I walk you through this book to see if you can attain the financial life you keep wishing for.
This Automatic Millionaire Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.
Table of Contents
Pros: What I Liked
- Award-winning author
- It offers discount
- Informative for beginners
Cons: What I Didn't Like
- Unknown market account
- Content is outdated
- No show, just tell
You probably discovered The Automatic Millionaire for the same reason you might have come across any other financial newsletter, personal finance, trading service, or investment program:
Because you want more money in less time.
And chances are, you want to quickly multiply the money you do have (as opposed to waiting months or even years to see a decent ROI).
This is a really exciting promise, and it’s probably why the financial publishing and training industry is worth billions of dollars.
The problem is that the idea of doubling, tripling, or 10X-ing your money in a few minutes to a few days is so enticing, there are a ton of shady characters in this space.
But, putting that aside, let’s say every investing guru and “trading expert” on the internet had the best of intentions.
Even with proprietary algorithms, a room full of supercomputers, and a team of rocket scientists, most of these experts would be lucky to get it right 20% of the time.
Now sure, we’re talking about asymmetric bets here, so theoretically the winners should more than makeup for the losers.
But to make that happen, you can NEVER miss a trade. With a 20% success rate (speaking optimistically), one missed winner could turn a profitable month into a loser.
That’s a lot of pressure and a lot of stress (not to mention a lot of losing) with not much certainty.
But what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Constantly monitoring your phone for buy/sell alerts
- Obsessively watching charts and movement
- The emotional roller coaster and angst of hoping one winner can cover the last 8 losses
- Gambler’s odds (20% chance of success is worse than the odds of winning at Blackjack)
An income stream that brings in consistent revenues every single month (from a couple of thousand dollars to well over $10,000)?
An income stream you could build in your spare time, and grow as large or as small as you want to, without having to spend hours a day monitoring charts, trades, and alerts?
If that sounds like something you’d be interested in, check out Digital Real Estate.
However, if you’d still like to know more about The Automatic Millionaire, keep reading.
What Is The Automatic Millionaire?
The Automatic Millionaire is a personal finance book that explains how you can secure your retirement accounts without sacrificing your comfort or quality of life with family and friends.
It has seven chapters, explaining that you don’t need to stress yourself over a tight budget.
All you need is a straightforward method based on common sense or general ideas that you can apply to your own financial habits, gross income, and savings account.
When it was first released in 2004, The Automatic Millionaire was an instant success, rocketing to the top of the New York Times’ bestseller list and staying there for thirty-one weeks.
It also topped the business bestseller lists in The New York Times, BusinessWeek, USA Today, and The Wall Street Journal.
Who Created The Automatic Millionaire?
Start Late and Smart Women Finish Rich are only a few of David Bach’s 10 consecutive New York Times’ best sellers.
More than a hundred times, David Bach has visited Today show on NBC to talk about his methods for getting and staying successful.
He knows how money works, so he claims to lead you to a debt-free financial future.
David Bach had helped people reach their million dollars, to live, and finish rich.
What Is Inside The Automatic Millionaire?
As what’s mentioned, you will encounter seven chapters when you purchase this book. It includes:
- Chapter 1 – Meeting the Automatic Millionaire (pg. 11)
- Chapter 2 – The Latte Factor: Becoming an Automatic Millionaire on Just a Few Dollars a Day (pg. 31)
- Chapter 3 – Learn to Pay Yourself First (pg. 59)
- Chapter 4 – Now Make It Automatic (pg. 81)
- Chapter 5 – Automate for a Rainy Day (pg. 141)
- Chapter 6 – Automatic Debt-Free Homeownership (pg. 165)
- Chapter 7 – The Automatic Debt-Free Lifestyle (pg. 195)
How Can The Automatic Millionaire Help You?
After you finished reading the chapters, you will learn that being rich after retirement doesn’t depend on what you see but on the status of your mutual funds, emergency fund, and credit card debt.
Another lesson I personally like is there is no shortcut to getting rich, may it be with the stock markets or other totally realistic system.
Leading financial seminars might offer get-to-rich schemes that sound appealing, but never bite the bait as it doesn’t exist.
Lastly, you should not spend beyond your gross income. Don’t let yourself live paying for credit debt and sacrifice emergency fund/s. Try automatic payments in investing than spending.
You can pay yourself first, yet it doesn’t mean you will live a life of spending without thinking.
How Much Does The Automatic Millionaire Cost?
The Automatic Millionaire of David Back costs $17.00, but you can buy it for $14.99 at Barnes & Noble.
On the other hand, you can purchase a hardcover of this book on Amazon for only $12.43.
Is The Automatic Millionaire Worth It?
If you admit that you lack financial education, The Automatic Millionaire is the book for you.
It’s a good book, as you can easily implement this guide in your life.
The author has created a comprehensive framework. In other words, technical expertise is not required.
However, the book also has drawbacks. Several topics are glossed over or not addressed at all.
David Bach does not specify which money market account is suitable. He should have provided a list of online resources.
Nonetheless, it is up to the reader to conduct their due diligence and avoid putting their money in the incorrect company.
Readers should be mindful of the fact that there is a great deal of rapid-fire change in the financial sector.
What was effective twenty years ago is not so as effective today.
My advice is to be open to up-to-date info and to only make investments after careful consideration.
Is The Automatic Millionaire A Scam?
So, is The Automatic Millionaire a scam? Not technically. You can make money with it, but it’s definitely not as easy as David Bach makes it sound.
Again, with any kind of financial product (especially trading), you’re taking on a lot of risks.
Sure, you could hit it big and retire in Italy, but chances are you need the stomach and financial cushion to weather tons of losses before you get there…and it may never happen.
Most of the big gains numbers these companies use in their marketing (“XYZ grew by 4,112% in 3 months” or “this option made 324% in just 2 days”) are cherry-picked.
They don’t tell you about the 10 100% losers that came before.
In other words, if you invested $100 into 11 recommendations, you’d lose $1,000, and make back $324…so you’d still be out almost $700.
Most people don’t have the fortitude to stick it out through 3 straight months of losers in the hopes of landing one big winner.
What if, instead, you took those same 3 months, invested just a couple hours a day (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
It’s a true lifestyle business.
Your laptop and an internet connection are all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To The Automatic Millionaire?
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
What Is My Top Recommendation In Making Money From Home In 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1. It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full-time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2. You Own & Control EVERYTHING: With anything in the financial markets, you own and control NOTHING. You have no say in price fluctuations, demand, or what the market will do.
Trying to beat the market is fighting against the tide. There’s just too much working against you, no matter how many supercomputers or rocket scientists are on your side.
With Digital Real Estate, you own the assets, which means you have all the power and control.
3. Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4. Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple of keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with any kind of trading or investing, you’d have to double your initial capital OR double the average order size of your existing trades. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
5. Make Money Helping Real People: This part is what makes it all worth it. In the financial markets, you might be helping your family, but the impact never goes beyond you and maybe a few others.
But with Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact on the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like The Automatic Millionaire which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.