The Automatic Millionaire by David Bach

I've been reading a load of books ever since carting back loads of books from the most recent Big Bad Wolf Sale. I haven't been doing a great job at updating my blog with reviews of the books that I've read though...

So, I hope to play catch up with my book reviews within the next few weeks. So here goes...

The Automatic Millionaire presents you with the idea of a financial plan that is automated, one that you can forget about once you have set it in place.

I like the idea how this book presents the idea that you can even make giving to charity (something that is often overlooked when making financial plans) automatic (apart from the other obvious aspects of financial planning that you should automate such as you retirement plan, savings cushion for a rainy day, home ownership and paying off debts).

Have you really SAVED anything lately???

Here's an interesting thought --- a savings in not a savings until you actually SAVE it!!!

You know how most people say they saved X dollars when they purchased something during a sale? Well, here's an interesting thought --- it isn't a savings until you actually put the money that you "saved" away into a savings/ investment/ retirement account.

Otherwise, you didn't save anything. You only paid less for the item!

With that thought in mind, I'm putting the RM180 that I would have otherwise paid towards my annual fee credit card into my investment account (for those of you who are unaware read this post).

So... have you really saved anything lately???