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July 11 2006
Hey David,

I just don't know where to began.  I watched you on Oprah, when she was doing her show on the Debt Diet. Since then I have put myself on a "life plan diet" I went to the library (didn't want to spend the money on my latte factor (ha), so I checked out three of your books.  Smart Women Finish Rich, Automatic Millionaire, and Smart Couples Finish Rich.  Okay so I read, and I stopped, wrote things down, and continued until I thought I was going to run of of sticky notes!!!! That was Feb. of 06.

I have since:

Opened an IRA at my Bank and have been able to deduct the amount from the 2005 income tax(every deduction helps), and I have opened an orange account (in fact when I called the 800 # I was just going on and on with the rep as to "Where did I hear about this company?" So of course I said "David Bach) So that is now automatic savings. I am also in the process of starting my 401 k with my company I started. Plus, I am looking into investing some money into stocks.

I am sure I can go on and on but for now this is enough.  I will continue to let you know the progress.

Thanks so much!!!

- Cynthia Thurman

July 11 2006
I am a 24 year old graduate student who has been inspired by both the Automatic Millionaire and Smart Couples Finish Rich. I have analyzed my financial situation over and over again, cutting out all of my "Latte Factor" items. I have no credit card debt whatsoever. Unfortunately, I cannot implement most of your strategies yet; however, I am prepared to do so as soon as I graduate and start working. I plan to max out my 401K right away. I won't miss the money if I put it away automatically from the start! Something that you haven't touched on in any of your books is the burden of student loans. My education for the past 7 years has my total over $106,000. This is not uncommon among my classmates. With interest rates from ranging from 5 - 11.5%, I have to decided to use your debt repayment chart to pay off my student loans starting with the highest interest rates first. The banks sure understand the concept of compound interest because it's working in their favor most of the time. It's payback time! I'm sharing these ideas with my classmates and encouraging them to read your books. In fact, they make a great holiday gift.

Thank you so much David for empowering me with the knowledge to take care of my financial future. I have a plan and I am definitely going to follow through with it!

- Tara Dromgoole

July 11 2006
I have been truly inspired by the testimonies I have been reading this morning and finally found the courage to write myself. I started out with Smart Women Finish Rich, and I must admit I had only planned to buy the one book and ended up with 3 of your books along with the workbook.  The reading was so easy.  I left the mall and was home reading the book by 9;15 p.m. I finished reading the book by late afternoon Monday.  I could hardly put your book down.  I had an ING account but had depleted my funds, but just this year I started putting $ 50.00 per pay period in along with $ 25.00 in an account for my daughter.  I am happy to say that I now have $ 400.00 and I plan to increase that amount really soon but at least I did start. I also started a deferred comp at work. I do have a 401K and I have been doing quite well as far as my investments.

- Robin Walker

July 11 2006
David,

Here is how I put the latte factor into play in my life. First I needed to get a car as well as establish some credit of my own.  I killed two birds with the same stone.  Using the “latte factor”, every time I considered purchasing something, I asked myself, “Which do I want more, this ‘latte’ or the car?”  Naturally the car was more important, so I put the purchase price of whatever I had thought I wanted, plus the sales tax amount, into a savings account.  I was amazed to find that I saved $2,000 in two months!  

Six months after that, I was given yet another 60 day notice to leave a rented home.  Tired of the endless pursuit to find a landlord that would accept a large family, I opted to talk to an older real estate agent in Napa, California about the possibility of purchasing a home.  I was amazed at the options that he was aware of.  He set me up to meet with a loan broker and we were able to work closely together.  Finally we found one that was affordable, and, as he said, “not too rough”.  Within the sixty days that I had to leave my rental, I had become a home owner!  My mortgage broker added the remaining portion of my car loan into my mortgage and advised me to send my car payment in with my mortgage payment.  For the next three years, I made a payment that included my mortgage amount and car payment amount as well as what I had accumulated in “latte factor” money savings account.

As my children grew, so did the need for a bigger car.  I talked again with the broker and she recommended a refinance to pay off some of my medical bills and then purchase the bigger car.  In the refinance, I was able to pay off all accrued debt and the purchase price of a small van.  Further more, I received the benefits of an even lower interest rate.  I continue to send in the car payment with my mortgage payment.  My current mortgage amount is less than the former monthly payment, even with the car payment amount figured in.  Now, I have been in my house for six years.  I originally purchased the home for $163,000, my balance on my loan is around $130,000 and the house is valued at over $400,000.  My goal now is to pay off my loan by the time my youngest daughter graduates from high school.  I am also thinking of purchasing a second home and renting it out.

- Gwen Davidson

July 11 2006
David,

On the advice of a friend, I borrowed your book, "Start Late, Finish Rich" from the library. I will be 42 in July. I am attending a local University to complete a Master Degree in English. I work part-time and make approximately $23,000 a year. I have two children, ages 6 and 5. Everything I read in the book was things my father had talked about when I was growing up, but never implemented. I decided to actually set up my own children and myself for a better future. I have no credit card debt, but I have $90,000 in student loans. Budgeting does not work (you're right) because it feels as if there's no extra money to budget, but I can redirect some of my money. With the help of several local housing agencies, I will close next week on my first home. The sale price is $71,000 and I now know I can shave 6 years off the mortgage and save almost $25,000 in interest by making an extra payment each year. I have opened mutual funds with $1000 for each of my boys. I will add to them when and if I can, but, if nothing else, the funds are established and, hopefully, will grow, and I can begin to develop habits of saving and investing in my sons. Furthermore, I had opened a Roth IRA years ago, but had stopped funding it. It has about $5,000 in it. I have reestablished automatic payments of $50/month.

I know none of this is spectacular, but I have made a start and for the first time in years I feel like I have a plan and that it is possible for me to set a good example for my boys. Being rich would be great, but the feeling of moving forward is priceless.

Thank you.

- Tammi Cvetnic

July 10 2006
Reading the Automatic Millionaire changed my life. I only wish I had read it sooner. I was just out of college, drowning in debt, and earning a very average salary. However after figuring out my latte factor, I realized that I was spending well over $1000 a year simply on coffee! Simply by cutting out coffee, and limiting the amount of times I eat out, I have been able to pay off all of my credit cards and start saving. I've already set up my automatic savings fund so that I can save up for a down payment on a home.

Your books have been absolutely wonderful, and I make sure to pass your messages on to everyone I know.

- Nathan Alanis

July 10 2006
Hi David,

I am a single guy living by myself.  I make enough money to live a comfortable life. However, I had been having a hard time saving money and was wondering where I spent all the money I make. I tried to use a budget plan, but that did not work. Finally a friend of mine suggested I read your book “The Automatic Millionaire”. I quickly found out that I have lots of latte factors. I was spending about 20 dollars a day eating out. Now I have started cooking at home and take my lunch to work. Twenty dollars on groceries is now lasting me for a week. Right after I read your book, I started contributing 10% of my gross income into my retirement 401k plan. I also opened a money market account. The bank automatically withdraws 100 dollars every pay day and invests it in my money market account before I even see it in my bank account. Now I am thinking about buying a house. Your way is very easy and simple. I don’t have to worry about how much money I spent on small things.
Thanks for your book, now I am in control of my financial problems.

Thanks David.

- Dawwi Testa

July 5 2006
I found your book Smart Women Finish Rich and restarted my life. I was bankrupt at 22 and have been unemployed since 2003. With some help from my province and my parents I started back in school. Through this time I have used your book and inspiration to save more than 3700 dollars. I have been reading other success stories on your website and they have inspired me to increase my bimonthly contribution by 25 dollars to a monthly total of 150. Its money I don't have and can't afford not to put away. I have contacted the provincial government and told them that they need to start teaching our kids about the real world and what money really means. I encourage everyone to do the same. I am also going to start explaining these ideas to transitional youth in foster care.

Thank you.

- Marcy Cross

July 5 2006
Hi David,

I want to thank you for changing my life! I think it was two years ago that I purchased the Automatic Millionaire. Your inspirational stories motivated me into realizing that I too could reach my dreams. In two short years my husband and I have both purchased new (to us) vehicles, a small yacht and have taken two family trips oversees. Last week I finished reading The Automatic Millionaire Homeowner and guess what....on Tuesday I bought a new home and will become a landlord of my existing home. In addition to all that we also have $9000 in a rainy day fund! Two years ago David we were headed for broke. Now that everything is automatic we are well on our ways to becoming the automatic millionaires I know we can become. Incidentally, one of my close friends purchased her first home last year after reading my copy of The Automatic Millionaire. By watching her latte factor this single mom that earns $8.50 an hour became a homeowner! It can be done! I have just let her borrow the Homeowner version! Thanks David for changing our lives.

- Gabriela Wass

June 29 2006
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June 28 2006
Dear David,

I work for a credit union in Florida. I am about 10 years from retirement, and I didn't start saving early enough. I heard about The Automatic Millionaire on Oprah and was so impressed, I bought the book. It was a quick read and so full of good advice, so I gave it to my two children, ages 21 and 24 right away. They loved the book and are both securing their financial futures according to its concepts. It's been 2 years, and they already have nest eggs! They pay themselves first! Plus, I think your book is so valuable that I recommend it to every young person (and some of the older ones) that I serve at my credit union. Some of them have even came back and thanked me for recommending this book to them. I'm so glad you wrote this wonderful guide to securing one's financial future! I think it is invaluable! Thank you!

- Peggy Willumson

June 21 2006
My husband and I have tripled the latte factor (gas factor, clothes factor, lunch factor) by both working from HOME! I never have to go out for coffee or lunch, and all the clothes I wear are casual (I am a Mom of two small children). We are both here when our kids get home from school around 2 pm and we have dinner on the table by 6:00 pm every evening - I estimate it at $10 per day savings on lunch and breakfast (coffee, etc), $100 a month on gas and amazing savings (suits, dry cleaning for a man and a woman every week, panty hose, men
s ties, we both dress like students, it is great! I used to have an Ann Taylor card and I got rid of it 5 years ago when I started working from home). We both work from home for a fortune 500 corp, but I believe many self employed individuals can catch this trend and spend/save their money elsewhere than on working expenses. Laura

- Laura Ruka

June 21 2006
Dear David,

I had the opportunity to read your book “Smart Women Finish Rich” and have been telling everyone I know about it. I have always had a good relationship with money. My grandmother always told me about the importance of saving for the future. She enjoyed a very comfortable lifestyle as her husband was a pharmacist. One day he became very ill and could no longer work and continued to deteriorate and eventually died. She had not worked for many years and all of the sudden she had no income and a daughter to support. Luckily she had planned for a potential emergency and had savings to get them through. She went back to work and was able to manage. My Mom learned from my Grandmother the importance of saving and I learned from my Mom. Three generations of “smart women”.

The thing I enjoyed the most about this book is the relationship you defined between money and your personal values. How can we begin to set goals for ourselves concerning money if we do not make the connection between our personal finances and our dreams, aspirations and philosophies? I spent a great deal of time thinking about the exercises you recommended and came up with clear, concrete answers. This made so much sense to me! It makes financial decisions so much easier. When you’re about to make a small, medium or large purchase, you just ask yourself the simple question, does this purchase fit in with my values and life goals? All of the sudden, the expensive make-up and designer jeans don’t seem quite as important. It is all about putting things into perspective. It is so easy to make that impulse purchase to fulfill an emptiness we may be feeling at that time. Instead of buying something to make ourselves better for the short-term, we should invest the time to think about what is really important to us and look at the big picture. Do I want to buy a coffee and muffin every day, magazines, expensive meals and trendy jewelry or would I rather be sitting in a café in Paris watching many interesting people walk by. I can answer that question very quickly!

Thanks for making such an obvious, yet easily missed correlation. I understood how to save money and make good investments. I just never sat down and thought about the relationship that exists between by life goals, values and money.

Kristen Pasz
Milton, Ontario, Canada

- Kristen Pasz

June 21 2006
David,

I was reading Smart Women Finish Rich, and the little section where it talks about if you start saving at the age of 7 $1 you will be a millionarie. Well, at that moment my 9 year old started reading with me and she really enjoyed that section. First she mentioned that she is starting late because she is now 9 years old. After we talked about it she decided that she was going to start saving $1 every day out of her allowance that I give her. I just wanted to share with you how excited she was about saving $1 a day. She has now shared it with her little sister Amita (8) and she wants to get her started saving aswell. I just thought it was so wonderful how she understood what we were reading.

I love your books and they have helped me a lot.

Thanks,
Juana M. Bhaskaran

- Juana Bhaskaran

June 21 2006
Dear David,

I have been managing my home-based business for 6 years now. When I decided to begin this journey of being self-employed I had no idea on what steps to take, and since I was one of the first in my industry there were no resources to help me get started. I just jumped in, and now I am one of the most sought after real estate virtual assistants in my region. When my income became more than I expected I did not have a clue as how to manage it. Thats when I found your book Smart Women Finish Rich. I have read the book several times and have even used it as a resource when I am coaching others in becoming self-employed. I encourage each of my students to purchase the book and have even bought several copies for those that could not afford the additional expense because they have their money tied up in building their business.

It has been a learning process, but with your books we are now prepared for the future. Thanks so much for all you do! Can't wait to see if you are ever in the East Texas area.

Kim and Paul Hughes

- Kim Hughes

May 31 2006
In 2001, after 33 years of marriage and 9 children, I found myself divorced, living in an apt., with damaged credit, but with a full-time job I love -- teaching orchestral music in a junior high school. I was lucky to find and read "Smart Women Finish Rich" and began repairing my finances and regained the confidence to move into a home that I leased with an option to buy. I exercised that option 3 years ago, and rent out the basement apartment which covers more than half of the mortgage payment. I've now read "The Automatic Millionaire Homeowner" and want to encourage four of my children who are married to get out of the rent trap they're in. Thanks for your advice and inspiration.

- Kathy Wilson

May 31 2006
I decided to take on the Debt Diet and found that by cutting out lunches 3 times a week, special coffees and pastries that I could save as much as 100 dollars a week. It was hard at first, however friends have supported me when I explain to them why I can't "do lunch". I have also bought my second home and currently working on a down payment for a home in Florida. I have talked as many as 15 friends into buying homes within the past 5 years and I recommend your book to everyone I talk to. I am so excited and know that I am on my way to becomming the first Millionare in my family. Thank you for making the read so easy and actually explaining how, wnen, and what steps to take in order to achieve financial freedom beyond even my dreams.

- Rose Hester

May 31 2006
David,

I'm an employee of Wells Fargo Home Mortgage, so I received and promptly read your book. Even though I'm already a homeowner, I still came away with some valuable information. I'm encouraging friends who rent to buy citing all the reasons you state.
I then bought the Automatic Millionaire book and again came away with powerful knowledge. I reevaluated how much I was working for myself for a week, and it came to less than two hours. Pathetic!!! I immediately increased it to 2.5 hrs to start. With the company's match, it actually comes out to 5 hrs!! I don't have much of a safety net either, maybe a month's worth at best, so I sent up an automatic transfer to savings every pay period. Like 99.9% of people, I'm not disciplined to do it myself.
Thank you for writing these books. They need to be required reading at the high school and college level. I've been preaching for years that schools need to teach basic financial skills. Thank you again for a plan to finish rich.

- Allan Rife

May 31 2006
David,
I am so impressed with your books. First I saw you on Oprah with the Debt Diet series, then I bought Automatic Millionaire and am now reading Start late Finish Rich. And I must say when I first figured out my debt, I was in shock and denial that I had let it get that bad. But reading your books has opened my eyes. I know what I have to do. Pay down my credit card debt, and save money at the same time. I opened an account at INGDirect $90 a week as my emergency fund. And I am paying 1/2 more toward my principle on my mortgage. Already I feel like I have some breathing room. Thanks so much for all the good advice.

- Donna Graff

May 31 2006
I just finished your book and listened to your audio clip. Thank you. Yours is the finest book I have ever read. It was easy reading, logical, and gave great action steps to improve anyone's financial future. You knocked it out of the park!! The information in this book provides practical knowledge and resources for anyone making money. It should be taught in every middle school, high school and college in America!!

- Jon Klein

May 31 2006
My husband and I have recently purchased our third rental property! Two of which are all ready in a lease contract with the Community Health and Counciling. With our first purchase we have been able to build a new home that we will retire too in Florida. We were able to build enough equity in the first home so we were able to use this as our down payment on the Florida home. We are now the proud owners of four house lots in Florida as well as five different homes, three of which bring in a positive cash flow.
I thank you David for all of your advise in your books and I hope someday I will be able to thank you in person.

- Carolyn Farnsworth

May 31 2006
Dear David,

I can say without a doubt, no book has ever had the magnitude and certainty of impact as your book “The Automatic Millionaire.” It is the only book I know that can change your life in a moment and have a permanent and lasting change.

- Bulelwa Freer

May 31 2006
I just wanted to thank David. I went to his seminar (in San Francisco, in March) thinking I was 5 years away from buying a home. He got me so enthused I went out and looked at places the following Monday, and made an offer. Now I live in a very cute place, in the Neighborhood I wanted, and my overall housing costs have gone down (with the tax benefits taken into consideration). I had to go down in size a bit from my rental but it's all mine! My whole life is beter and I feel like I'm truely on the path to financial freedom. THANKS DAVID!

- Shelly Harrington

May 31 2006
David,

Enjoyed your visit to Denver last week. I am a big fan of what you teach. Start Late Finish Rich was awsome.

My story is coming to this country at age 30 with $50.00. In the 80's I followed the teachings of Charles Givens. In the 90's I latched onto Rich Dad Poor Dad and really added to my net worth with real estate. Now in the 2000's, your information is resonating with me.

Long Story short, I have done most of what you teach and today my net worth is $2.5 million. Most of this done after hours and with real estate What a country!

I plan to live the dream when I have $10,000 residual income per month. A few more years.

Keep up the good work

- John Eaton

May 31 2006
In January 2006 I decided that I was ready to take charge of my life by getting my finances in order. I have read Smart Women Finish Rich 3 times and I continuously encurage my female friends to purchase it. It jolted me into action. I got my folders together and knew exactly what I was working with. I finally started to contact the debt collectors that I had been avoiding and have successfully settled outstanding accounts. I am happy to say that some of them were settled for less than half of what was owed. In addition, I purchased my first home last month. I am also filling out paper work to open a self-directed Roth IRA. I attended the Great American Homeowners Challenge in Atlanta and I was thrilled to receive a copy of your latest book. I am on a roll and I just to thank you for your part in my transformation. I am continuing to live my best life.

Golda

- Golda Smith

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