What I learned from the book “The Automatic Millionaire” by David Bach can actually be summarized in one sentence, and that is: “If you want to be rich, automate your savings”.But in this post, I want to talk about something else that I learned from this book.
The things that I learned are not something that is written in the book, but are things that I learned while reading the book. The book talks about how you can be rich (in the long run) if you just start putting away some money ($100) every month, and it suggests that you should make it automatic (so that you don’t feel the pain). In other words, your bank or financial institution will deduct the amount that you decided to save every month automatically from your salary or savings account. It will take it and save it for you in your retirement account. That way, once it’s set up, you won’t have to make an effort to save every month. It will be automatic. And in the long run, you will be a millionaire. And he talks about this for 240+ pages!
Do you wonder why those pages which sell various eBooks and affiliate programs are very long? You scroll and scroll and scroll… for me I have never bought anything from such pages, but the fact is those pages work.
“A lie told often enough becomes truth” Vladimir Lenin
Lenin was correct, when you keep repeating something over and over again, people actually start to believe in it, that, what you are telling is actually the truth. That’s why those ebook pages are so (extremely) long, giving you all kinds of screenshots and facts, that other people who have purchased them already became so successful. And that you should be the next one to purchase it. And that they are giving you 70% discount if you buy now. Continue reading