Finish Rich
Follow David
Start Late Finish Rich Book
Read how people like you are applying the tools and ideas of the FinishRich books, seminars and coaching programs to change their lives. Share YOUR success story with us by clicking here.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47     Next
January 20 2005
We're feeling GREAT today after reading your book "The Automatic Millionaire." Despite having three special needs children and the mounting bills that accompany them, we started the automatic deduction process 10 years ago with my husband's 401k. You really DO not miss what you cannot see. That "automatic deduction" has grown from zero to over $126,000 even though we have had to tweak our percentage to match our financial needs at any given time. Despite dropping to 2% some years, we are back to 18%. I work 2 part time jobs. I have $250 a week automatically put into a money market account to cover our Roth IRA contributions. I have $1200 a month automatically withdrawn to be divided into a 529 account for each of my sons. We automatically put the rest of my pay into our "emergency fund" which is over $20,000 - 5 months worth! Another $50 a week automatically goes into a vacation club. I am now in the process of having money from my second job (freelance TV) put into either a SEP IRA or the new one-person 401k. Like you said, the ONLY true way to do this is through automation. We are very disciplined and could not commit. Now, we are used to it. We live comfortably below our means and knowing our future will be set! We also make one extra payment a year on our mortgage. Not bad for a family besot with many challenges.

- Marie Louise



The views expressed herein are solely those of David Bach and FinishRich Media, LLC., and do not necessarily reflect the views of The Edelman Financial Group or any of its affiliates. Neither theinformation herein nor any opinion expressed herein constitutes or is intended to constitute investment advice or an offer to sell or solicit any person to purchase any security. FinishRich is a trademarked brand used by David Bach and FinishRich Media LLC. and none of David Bach, FinishRich Media LLC. [or The Edelman Financial Group or any of their affiliates] guarantee any financial results or a positive outcome to your personal situation.