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May 6 2005
My husband and I are both getting started late on our careers, following disastrous first (so-called) marriages, so your book is a real help.

Our latte factor? Neither of us drinks coffee (we were told we couldn't drink coffee until we were grown-ups...), but since we're both hardworking educators and we come home tired, exhausted, and very hungry, "latte" time came when it was time to fix dinner. While I don't mind cooking, so long as there's something to cook and the ingredients to make it interesting, my husband tended to look in the freezer and the meat drawer and if there wasn't anything there that could just be popped into the oven, he'd declare, "We don't really have anything to eat, do we?" That was often the signal to go get a pizza, calzone, or deli chicken. We'd also stock up on quick-fix items, like those pre-cooked slices of turkey in gravy that you find in the meat section.

Still, the subtle maneuvers to see who would go into the kitchen first to cook, the resentment at being the one who has to cook AGAIN, and a checkup that diagnosed my husband with high blood pressure and high cholesterol changed all that. We had to do something about our diets. We were eating too many packaged foods, which meant too much salt and fat and too few fresh fruits and veggies.

Enter the concept of meal planning. We'd been on shopping expeditions for my son's Scout troop, and noticed how good planning kept them within their budgets but still fed them well. We got some low-fat, low-cal recipe books, bought a good crock pot, I got a bread machine for Christmas, and we set up a system of taking turns planning the meals and doing the cooking.

Surprise! Guess what meal planning did to the grocery bill? Those pre-packaged, pre-cooked foods were expensive! And knowing exactly what we were going to eat meant that we were shopping only for the things we needed, instead of browsing the aisles and thinking, "Oh, that might be good," only to have "that" go bad because we didn't eat it after all.

Meal planning has shaved at least $50 a month off of our grocery bill -- often more -- and between better food, fewer snacks, a program of moderate exercise, and small amounts of medication, my husband's blood pressure and cholesterol are under control. Good health is thrifty -- think of what we'll save on medical bills in the future!

- K. Bledsoe

May 6 2005
Wow! Wow! Wow!

I have listened to the Automatic Millionaire Audiobook 3 times in the 2 weeks I've owned it. It is so incredibly simple and obvious that I'm almost embarrassed to admit that I needed it...BAD!

Forget the latte factor, my husband and I didn't even need to find money we just needed to start saving. Our living expenses barely amount to 50% of our annual income. We are easily able to put away 25% of our income (for now that we have no children anyway) and still not have to change our lifestyle at all.

This is an awesome book for everyone, surprisingly even for those that have a mostly disposable income. I wish I'd known the 'basics' a few years ago but I'm glad to have read this book at 30. I recommend to big money earners and small alike. It really is the perfect plan for everyone.

- Vicky P

May 6 2005
Hi there,

I don't know if this is the right place for this....but I just had to write a BIG THANK YOU! So I hope this message gets past on to David Bach.

I first saw David speak at the Power Within in Toronto in September....and I was so impressed. When I saw his book come out...Start Late Finish Rich I thought....WOW...he wrote that for my husband and I !!! So I bought the book for Nigel for his birthday and it is awesome...he loved it and went out and bought Automatic Millionaire too.

But what blew my husband and I away was when we got to the chapter on Earn More...and more specifically....Direct Sales. (We did not know you wrote this...we happened upon it.)

I have been in the Direct Sales industry for almost 8 years now....and it has been the most incredible experience. However....there is a stigma and a host of misconceptions out there and it was such a relief to have someone from the "outside" recognize it for the amazing industry it is. hit the nail PERFECTLY on the head....I loved it and I was so impressed with your insight about what it was and what it wasn't etc.

I started out my career...doing it very casually alongside my full time job. I earned on average $500 - $800 a month alongside my job going out about 1 time per week. After a year and a half in I saw the potential and left my corporate management job. I was scared...I knew I was taking a chance...but I believed in myself and my product (I am a Pampered Chef Consultant...INCREDIBLE COMPANY...who can argue with Warren Buffet). That was in 1999 and I have never looked back since. The great thing about Direct Sales is it can be an incredible Career Enhancement (Retierment Enhancement)....and for those who are persistent and consistent and want to have the benefits of their OWN business without all the is a fabulous Career Alternative.

My little business has turned into a 5 million dollar sales team and my income far far exceeds what I use to bring home corporately (and we go on a fabulous free trip every year is GREECE!)...and you are so is the ultimate people business. I love doing my shows (I consistently do 2 a week...very consistently) and I love developing my sales team. I love that part...because my job is all about helping other people earn money, have fun and feel great about themselves.

I didn't do anything extraordinary....I just didn't give up if someone said NO. you said...90% leave...and it is so sad because people give up too early...they don't give themselves the time to get better at it.

Please keep researching this will continue to be impressed...and I SOOOO THANK YOU for making people more aware that it is a viable business...and it really is risk free (especially with the right company). No one has ever regretted joining our company....they always come out ahead.

If you ever get the chance to see one of our really is the Food Chanel Live in your home. People love the fun of it. Even Warren Buffet attended a show (we even have pictures...)

Keep doing what you is inspiring...easy to follow and it makes so much sense. YOU have MADE A DIFFERENCE!!! All the very best

- Francine Fortier

May 6 2005
A few months ago, a very excited co-worker gave me "Automatic Millionaire" to read. Not being an avid reader, I accepted the book and promised to read it. After the first few pages, I could not put the book down. I was so interested and excited because the information became proof that I was on the proper financial track with my mortgage payments, 401K and other investments. However, there was a significant amount of additional information that gave me a push to keep moving forward with my financial goals. Within 2 months, I also read " Smart Women Finish Rich and "Start Late Finish Rich".

David, you deserve a hugh "pat on the back" along with a "job well done". The information you provide is of great value. I wish your course was required in all high schools as a credit requirement for graduation. Never in my life would I ever imagine having conversations with others about financial issues but now it seems to be a regular topic. I wanted to share all this knowledge and opportunity with anyone and everyone. At first, I shared the information with my husband and daughter then with co-workers and friends. But something was missing. I wanted to go beyond that. I asked myself "Who could benefit the most from this information" and the answer became very clear, my clients!

Allow me to explain, I am employed with a legal firm and specialize in Workers' Compensation claims. All of our clients have been injured, leaving them with a permanent physical disability to live with. Most have lost their jobs, homes, vehicles, saving (if they had any), significant other, their confidence and self respect due to the fact that these types of claims can be very stressful and difficult to deal with and can also take years to remedy. Many clients due return back to the workforce after rehabilitation, treatment or therapy but in reality are "starting all over" physically, financially and emotionally. Therefore, I started purchasing your books and giving them to my clients as a gift. I figured that if anyone needed a second chance in the right direction for a great financial future, it would be my clients. The response has been amazing. One client called me immediatly and said that I made her cry (I was worried that I upset her). She told me that no one had ever sent her a gift for no given reason or thought enough of her to even think of sending her anything and she was very touched. A few weeks later, this same client stopped by my office, she stood in my door way and said" Quess what" of course I responded with "I have no idea, so please tell me". She said "I'm going to be rich" and my reply was "Good, that is what I wanted to hear". My client also advised me that she since she received your book, she has already started the process of purchasing a home, opened a money market and is looking into some of the other options suggested. She also advised me that if she was going to be rich, she wanted to be around long enough to enjoy her wealth and therefore, she joined a health program which has allowed her to lose approximantly 30 pounds to date and was able to discontinue one of the blood pressure medications. I am so pround of her and hope she continues to do well. Thank you so much for sharing your knowlege and advise, it is making a difference is someone's life daily.

- Stacey Morgan

April 22 2005
David....Three years ago I was married...a first time marriage for both of us in our early forties. We desparately wanted children which would have entailed my "destressing" and going through fertility treatments. In order to accomplish this it included an almost unheard of decision in this day and age, designing a lifestyle on one income even though we were both capable of working. We decided trying to have a baby and then actually being a daily part of his upbringing was critical. I am a lawyer, my husband is a fireman. We purchased our home (in desperate need of repairs but in a great neighborhood and which satisfied all our needs) and then spent two years trying to get pregnant. SUCCESS. After we had our son I was so fearful of not generating my own cash flow not fully understanding that, in fact, we had everything we needed. I was just living a false definition of security. I read your book, Smart couples finish rich...I tried to envision staying home and living on one income and being able to provide for our "dream basket", my son's educationa and our retirement. Before I knew it, not only were we truly living on one income but we were paying down debt AND saving nearly $1000 per month from NET income (excluding retirement). ING direct is a blessing and we live a life as if we actually had two incomes, taking vacations, repairing our home (read: investment), funding retirement vehicles and our dream baskets. There is nothing we are not doing. YET the greatest gift we have is time with each other, our son and the very important realization that as long as only one of us works to our capacity we will always have our lifestyle. If two of us work....imagine! Your book made me appreciate what we have, to work with what we have, to realize our dreams and it gave validation to our decision to design a lifestyle on one income. Now and forever more our decisions are based upon the ultimate goal: freedom to do as we choose.

Thank you.

- Susan Liebel

April 22 2005
Dear David-

I've been following your words of wisdom since I graduated college in 1999. That's when I first picked up Smart Women Finish Rich. With your book's help and some diligent work on my part, I invested in my 401K and, on a meager entry-level journalist's salary, was able to move into my own apartment – a big item in my dream basket. When I was laid off from my first job, I rolled the 401K into an IRA, had no debt except a low-interest college loan and, because I had kept enough liquid, was able to stay on my feet until steady employment returned.

Since then, I bought a house with my fiancé at age 26 on Long Island's North Shore (I know you live in Manhattan and know this is no easy feat), got married and have added Smart Couples Finish Rich to my library. LOL, in fact, I read it before we left for our honeymoon.

We moved into our home in November 2003, which had great bones but was pretty awful to look at. That allowed us to make an offer below asking price. Because of that, and the fact that the sellers wanted to move quickly, we secure the house for $30k less than market value. That was something we hoped to do from the start. Patience played a big role here – it took us more than 9 months to find this house!

We're still in the process of shaping the place up, little by little each month, using money that we no longer apply to "lattes" and the like. According to Bankrate, our area has gone up 15 percent a year in real estate value. We estimate slightly more than that on our home, because of the small interior design changes we are making (paint, finishing the basement, fixing up the yard).

This isn't the dream house, mind you, but it's a great 4 bedroom in a prime school district and family-friendly neighborhood, which we think will add a lot to the resale value. Plus, there was no way we were going to continue to pay the outrageous rent here on LI. We hope to move in 3 to 5 years (life elements, depending) to the dream house that we couldn't afford now. Paying ourselves first and keeping on top of our mortgage should help us do that. Meanwhile, we love watching house values go up and smile every time our real estate agent turned friend comments on how tight the market in our town.

Looking forward to your new book-

- Suzanne Deffree

April 22 2005
I am a high school student in Alabama. When my economics teacher assigned a book report on finances and investing, I almost died. So I went to the library to find a book and had a few picked out when I noticed the title "Automatic Millionaire". I thought to myself that's impossible, but I decided to give this guy the benefit of the doubt and read it. It only took me one day to read it because it was so amazing. I turned in my book report and was asked by my teacher to give an oral presentation on the book. My classmates loved the Latte Factor and now we are all on our way to becoming Automatic Millionaires. There's only one regret: the fact that my poor teacher didn't see this book sooner. Thanks so much for all the advice. Whenever I need motivation I just read your book again. Thanks so so much.

- Rachel Reding

April 22 2005
In August of 2003, I switched jobs and moved from Sioux City, Iowa to Mission, South Dakota. Being a librarian in both school districts paid about $30,000. However, the costs of living dropped dramaticly when I moved to Mission. This was due to the fact that rent, which was nearly $600 in Sioux City dropped to below $200 a month in Mission, where the school district provided housing for teachers. Even so, the post-rent balance on one month's paycheck in Mission was only $100 less than the pre-rent balance in Sioux City. As a result, I suddenly had "all that money" coming in. The question was what to do with the $7000 raise that came from the severe drops in cost of living. Not knowing what to do or where to go in my first year here, I used the money to get rid of $6000 of the $9000 I had to repay in college loans. Then, In the summer of 2004, I was lucky enough to catch Mr. Bach talking about his new book on one of those morning talk shows. Well, I ordered it. Shortly thereafter, I was working with the school district's payroll officer to try and start some of the retirement accounts talked about in _The Automatic Millionaire_. Due to the fact that I was already used to life without that money, I decided to invest it in retirement. As a result, I have been able to set up both a 403b account with a $5040 contribution and a Roth IRA account with a $3996 contribution without feeling a pinch. Part of this also comes from the fact that I can not drive, and thus do not have car payments, car insurance of even gas prices to worry about. But as you suggested, making it automatic truly does make it much easier. As a result, I have recommended your book to numerous colleagues. Thanks a bunch! You truly put things in plain, simple English, which anyone could understand!

- Douglas Lee

April 22 2005
Three years ago I was at the local library and ran across a copy of Smart Women Finish Rich. Being a single woman and a home owner I've used the library for a number of HOW TOO, FIX THIS and PERSONAL GROWTH books that I couldn't afford other wise. Thank goodness I found your book and can honestly say that it has changed MY LIFE! It has put ME in control over my finances which use to be in control over me.

What I have learned from your books has started me on a journey of self dicovery beyond any of my expectations. And here are some of my changes:
(Please keep in mind most of these figures are very small, but to me the rewards have been and are priceless)

1) 2 years ago I refinanced my 30 year home mortgage to a 15 year mortgage @ a 5% intrest rate appose to 6.25%. The intrest & time will save me around $40,000 and will shave off 10 years of the original loan. Which will mean my primary home will be paid off by the time I'm 50. YA! Also my home apprasial found that my house was worth $25,000 more than I orginally paid for it. This info inabled me to get out from underneath a whopping $63 dollars extra a month tacked onto my house payment for PMI. This $63 dollars helps pay the slight increase on my house payment. So my house payment only went up $42. This extra was easily found using the Latte Factor your book taught so successfully.

2) Over the last 3 years I've learned How to Pay My Self First through my 401K plan. 3 years ago I was only saving 6%. 2 years ago I increased it to 10% and 1 year ago I changed it to 17%. My goal is 25% we shall see!

3) I have 1 credit card and haven't paid one nickle of intrest in the last three years. By switching company's once a year with 0% intrest free offers and no blance transfer charges. I'm finally getting that monkey off my back and will be free of it once and for all come Jan 2006.

4) My Latte Factor was eating out lunch every day. I've cut that back to only once a week and now walk and bring my lunch. This has helped peel off about 10 lbs and has helped my monthly budget not go out the window.

5) I have learned how to truely SAVE and put off instant gradification for securing the kind of life style I want to have in the future.

6) GOALS I realize are a vessel to achieving what you want out of life. I'm so glad I understand how important they are. Visiting with them on a daily basis has empower me to accomplish much more than I ever thougt possible.

7) The last 2 years I've done my own taxes. Just ask any of my friends or family if they can belieive it. I still can't. This list could go on and on but I can't possible tell it all. So on that note.

RESPECT, of self is something money can't buy and in a world were everthing has a price on it I am so glad I found your little jewel in that library. PLEASE know I loved your book so much I went out and bought 2 copies 1 to keep and 1 to share. I believe in sharing PURE & USABLE knowledge and that is what your books have to offer...

PS... One of my best goals is to have a second home. BEACH or MOUNTAINS, oh my the possiblities are endless......

- Frances Butler

April 22 2005
I'm a full-time mother of 2 and I'm 31 years of age. My parents taught me about money so I have a good understanding of how every penny counts. However,there is always more to learn, so my girlfriends and I went to your seminar in Calgary. I was so inspired to set up some saving baskets for my family's future I started on it as soon as I came home. You recomended real estate as an investment, we're already home owners, so I figured we would invest in ourselves and start paying our mortgage down faster. I decided to save 60 dollars a month and after 12 months I put our first lump sum payment of $720.00 on our mortgage. It doesn't sound like much...BUT IT IS! Our amortization went from 14 years 11 months to 12 years 3 months. That's almost 3 years off our mortgage! $720.00 goes a long way when it goes directly to your principal! We are hoping to have our mortgage paid off completely withing the next 9 years. Pretty impressive for a one-income family, to have our first home paid-off in less than 14 years. This will give us the option of purchasing another home for ourselves and using our current home as a rental property. Pay yourself first...we will finish rich!!

Thank you David for the Canadian editions of your books.

- Joyce Romane

April 22 2005

I would like to reiterate what everyone else has said. Your books and information are life changing. I purchased The Automatic Millionaire after watching you on the Oprah Show during the summer of 2004. It was a great read. I was already doing alot the things you mentioned. I am an economics teacher and am fortunate to have an education in finance. I love the way you present the information in easy to read and understand formats.

Also, I am an economics teacher in a high school and use your book. So many of our kids know nothing of saving, the how to's and strategies. I use Automatic Millionaire as a reading requirement for my class. The kids love finding out how they can become financially stable. Many of their parents write me letters or visit with me about how they read the book because they couldn't answer questions their kids were asking. I can't wait for your book on kids and saving to come out in the near future.


- Alan Fontenot

April 22 2005
Dear David,

I've just finished your audio book The Automatic Millionaire for the second time. Last year I read Smart Women Finish Rich. Several months ago, I saw you on the Oprah Show. I'm so impressed with your sincere compassion, teachings and knowledge.

I'm a 62 year old widow and wish I had this information (or someone like you to get my attention) 30 or 40 years ago. I am still working full time and practically living paycheck to paycheck. However, with your wisdom and guidance, I am slowing changing that every day. I'm passing your books and wisdom along to my 40 year old son - because I think he could be doing a lot better and if I'd had this knowledge before, I would have given it to him - I know it cannot be too late.

I am almost completely automated with my monthly bill payments. Today I signed on to ING DIRECT with a $100.00 a month automatic deduction into my new savings account there. I contribute about 5% per paycheck to my company's 401k. I'm about to tackle a $3800.00 credit card debt and never do that again. I have lived in an apartment for the past 10 years but am getting ready to step out and see if there is anything I can possible do to buy a condo.

This e-mail is just to say THANK YOU for you encouragement which fuels my confidence to know that I am on the right path. And even if I don't "finish rich," I will not die a complete failure!

Blessings and good wishes for your continued success.

- Dorothy Diane

April 22 2005
A retired teacher from New England, I moved west for the sunshine, interesting people and lower cost of living. I have a nice house instead of a co-op apartment and enjoy the Southwest. My health insurance premiums are very high, though, and I have expensive dental care, so I wanted to improve my spending habits. The Double Latte factor gave me some encouragement.

An area I identified immediately: watching shop TV programs and ordering stuff I don't need. Even returning it is expensive, with UPS rates soaring. I'm especially hooked kitchen gadgets. Not only are most of them unnecessary, they actually amount to clutter.

Solution: instead of watching shop TV programs I now watch The Food Network. From Paula Deen and Rachael Ray, I'm learning a lot about cooking, and now I even use those kitchen gadgets!

Experimenting with new recipes has made me more outgoing and hospitable to friends and neighbors. After all, I can't eat all this food by myself!
This is just a little thing, but it is typical of the win/win approach that you suggest. You don't have to give up good things to save money, in fact you can have more fun than ever!


- Mary Bishop

April 22 2005

This isn't as much a success story but rather a successful tip!

I initially saw David on an Oprah show where he was giving advice to couples on how to improve their financial situations. I was flabbergasted to see how people could get so much into debt!

Immediately, I decided that I needed to pay far more careful attention to my spending habits (I'll never look at a latte the same way again! :-)). So, I bought David's book and am - ok I'll admit - struggling to put everything into practice.

My success tip that has helped me is to simply keep my purse zipped shut, be it at home or in the drawer at the office. This little gesture conveys the idea of keeping money in my purse rather than let it flow out!

One of the effects is that I have been much less tempted to buy snacks at work (bring 'em from home, now - it's healthier anyway).

It's a small physical gesture but carries a large psychological meaning!

All the best,

P.S.: I attended the presentation David gave in Montreal last fall and had invited my mother and boyfriend along - we all really enjoyed the presentation. And, by the way, "Latte Factor" is an expression we all use now!

- Liette L'Espérance

April 22 2005
Hi David,

When I picked up "The Automatic Millionaire" I was looking for an investment strategy for retirement. Waht I found was a simple yet elegant method to secure my financial future. While I did not buy lattes or lunches at work, I did splurge an average of $125 on dinners out with friends once a month. I also spent another $100 on books/DVDs every month. That was $250 dollars that I could have used to build my finacial future. After reading your book, I opened a ROTH IRA account, I increased my 401(K) contribution to 15% of my pay (my employer matches 100% of the first 5%) and made it automatic. I didn't feel a too big difference in my take home pay but my 401(K) balance is very healthy and my ROTH is also doing well. I didn't give up going out with my friends but we toned things down. Our main purpose for these dinners was to spend time with each other so now we have game nights or we go out for a latte and a marathon talk session. My friendships are stronger and all of my friends are also well on their way to becoming automatic millionaires.

Thank you so much!! Here's to living rich!

- Vaishali Gor

April 22 2005
Mr. Bach,

Thanks so much for writing "The Automatic Millionaire." It is a great game plan on how to automate everything. I'm 31 and so glad I found your book when I did. After finishing the book, I figured out my Latte Factor/one hour pay to be $20. I immediately set up a "rainy day account" through ING. I then called my best friend, who is a finacial advisor, and started working on my Roth IRA. I was already tithing, so that was done. My company currently pays for my apartment, so while I'm in a rental, I'm not paying the rent. This will allow me to set up another account at ING to start saving for a downpayment on my first home and pay off other debts.

I've already ordered all your other books and look forward to reading them and learning more about Finishing Rich.

Thanks again for your great work and keep it up!!!

- Shane Comeaux

April 13 2005
First I must emphasize how much I love your books. My brother used to tell me not to buy financial books because how am I saivng money if I'm just spending it on a book - and I felt guilty every time I strayed from that thought. But something about your book the "Automatic Millionaire" convinced me to splurge! Ever since, I have noticed a complete change in the way I approach money. You see, I am a full time graduate student. As you can imagine my loan debt is a mortgage and my credit card bill were astronomical. I was overwhelmed and didn't see how I could ever get out of debt. I'm now on internship and after reading the Automatic Millionaire and Smart Women Finish Rich, I decided to change my approach.

First, I took charge of my latte factor. I bought a coffee pod so that I could make my coffee in the morning instead of investing in Dunkin Donuts. Then I began paying for about 90% in cash. I also made a finance book to keep track of my bills and bank statements. I've never been able to balance my check book before I did this. It's amazing how much it helped. And lastly, I've been using my stipend to pay down my credit cards. I've got almost half paid off. I won't have them totally gone by the time I'm done my internship but the majority will be dead.

I can't thank you enough for helping me the way your books have. I'm a simple minded individual who when it comes to money, needs things spelled out for her, which thankfully your books do. I haven't been able to invest anything yet but by taking leftover change and any one dollar bill I get back in change from a paying for something, I was able to buy my first real piece of furniture - a couch. I was so proud of myself. I took the 24 hours to think over the big purchase like you recommended (no small feat for me). I feel as though I now have the tools to keep going forward adn to eventually start saving when I get a real job next year.

My only suggestion is that you write a book for us grad students teaching us how to get out of the black hole of loan debt (mine will be close to $200,000!)I would greatly appreciate that book.

Thanks again.

- Rebecca Buckman

April 13 2005

I have read all of your book and look forward each month to your newsletter. I am fortunate that my father placed the seed of saving for the future, dollar-cost averaging and wise spending years ago. Your books continue to motivate me to "do better". I purchased an older home 5 years ago and have made some improvements on the house that will hopefully pay off when I decide to sell. I am always watching house in my neighborhood up for sale and am amazed at offering price. And they get it! The market value on my house has double in 5 years! I'm tempted to sell, but love my house and the location.

Anyway, thanks again for the continue motivation to plan for the future. I recently increased my 401K contribution to 16% and I max-out my ROTH IRA contribution. Last year, my New Year's Resolution was to get my will, power of attorney, living will, etc in order. Its nice to cross these things off the list. I would love to find others in my community that share your ideas and found out things that they do save money, etc.

Thanks again and keep up the good work!

- Sharon Livingstone

April 13 2005
I brought your book "Smart Couples Finish Rich" and it started me to thinking about my retirement. I immediately changed the amount I was putting in my 403b from 10% to 12%. I also opened an investment account with my bank. I already took my lunch I am a health nut and don't trust the cafe where I work. My one vice is a diet soda pop and 1 sugar free candy or baked lays( 1.12 for the pop and .78 for the candy or chips) I found a better pop at the grocery store and better chips and manage to save 3.00 a week. This money I have put in an educational account for my grandchildren, when my son desides to settle down.

When I brought "The Automatic Millionair" your advice has spured sweeping changes in my life. I have made arrangements to increase my deductions to my 403b systematicly over the next 2 years, so I don't feel the pinch. I have started the process with my mortage company to make payments every 2 weeks. The most wonderful change is with my husband who for years thought we would die in debt now is happy after years of depression. Life is good.

- Elizabeth Hicks

April 13 2005
Dear David,

I'm writing all the way from Manila, Philippines. I'd like to share a success story of my father, Joaquin Sy, who is turning 61 on June 8 this year.

My dad is living proof that it's never too late for anyone to start late and yet still manage to finish rich. My dad never had a high-paying job, no luxury sports car, no property to speak of, no trips abroad.

Just a year ago, at age 60, he couldn't dream of retiring any time soon, not in the next 5 or 10 years. But all that changed last year, when he was 60 years old. It has been a good year for him selling condominiums. What's inspiring was his decision to place his commissions as downpayment for a new house - his first. He could've spent it on other stuff like a new entertainment system, a trip abroad, a new car, but he didn't. He honestly knew that he had to prepare for his retirement and that was the time to do it. As of the moment, he's paid off 50% of the property. While his other sales agents have unwisely spent their commissions on non-essentials, my dad has gifted himself, and us, his family, with something that lasts - property and the peace of mind that goes with it.

Thank you for the work that you do. You have gifted us with the ability to secure our future, through practical, solid financial advice.


- Jeffrey Sy

April 13 2005
Hi David,

I wrote to you before about how your books helped me. Part of the reason I have been doing so well is because in July of 1993 I bought a Townhouse in Staten Island, New York for $134,900. This was a pre-construction price. I am still in this same townhome, but now it is worth over $400,000. My neighbor just sold hers for $400,000, but she dosen't have a pool and a finished deck in her yard, so I could probably get more. My principal balance is $83,000. I'm not that great with numbers, but even I know that - that is a great investment. I have been sending extra on my mortgage payments and am planning on paying it off in 7 years. After that I am thinking about buying another place and rent it out while I remain in my home. Hopefully the rent will pay for the mortgage of my new home. With my 401K maxed out and my primary residence paid in full I will be pretty stress free and debt free. And who knows maybe I will buy that house to rent out. Time will tell. Thanks David for all the great advice and more importantly your motivation.

Sincerely, (keeping my investments simple and spending more time with my family),

- Stephen Geraci

April 13 2005
I don't have a success story yet. I am 51 divorced without any retirement fund who filed for bankruptcy in 1999. My daughter bought me your 1st book, and I just bought my first home FHA with a downpayment of only 10,000.00 at 6.25. I don't plan to retire until I am 70 which should give me 1700.00 a month in social security. I am now reading Start Late, Finish Rich and am hoping perhaps I will be able to possibly retire at age 65 following your rules. I will update you on my journey to wealth.

Thanks so much for giving me hope!

- Denise Callahan

April 8 2005
Before reading your book, "Automatic Millionaire," my husband and I were very discouraged. We are recent college graduates and newlyweds. We live in a city were real estate is sky rocket in price and are just above the income level for assistance as a first time home-buyer, etc. We were certain that our college degrees had done nothing for our future. After reading your book, we realized how much we could save to go towards the purchase of a future home! It is amazing.

We have automated a $117 contribution for each time we get paid. Not including interest earnings, we will save over $5,000 toward a down payment on our home! Furthermore, I changed my 401(k) contributions to 10% of my income for our future. We are extremely excited about the possibilities that will come with just these two changes. Additionally, I went to close one of my credit card accounts (Discover) and found out that they offer 0% interest on balance transfers for the life of the balance! I am excited about the 8% interest I will be saving! Thank you for such a wonderful book!

- Alicia Allen

April 8 2005
I always heard the phrase "pay yourself first" but never applied it. After reading your book "The Automatic Millionaire", you explained in detail the phrase "pay yourself first" by showing how many hours are you working for yourself. Its hurtful when you notice that you don't work any hours for yourself each week. Thanks for this advice David, I'm going to make sure I work at least 1 hr a day if not 2 for myself. I have also started in my companies 401K, opened an IRA and 5 other mutual funds plus some stocks. I have to thank you and Mr. Donald Trump for the money advice as I was a 30 yr old with nothing in the bank. I can't stop telling people about your books. Thanks again.

- Donald Harrison

April 8 2005

Something I have done for years is whenever I take money out of the ATM I automatically take 10% and set it aside. I place this money in a separate spot in my wallet and when I get home I place it in an envelope so that I don't spend it. I travel on my position and I normally take out $200 each week for misc. expenses which I can not put on the corporate charge card. I know $20 dollars a week does not sound like much, but over a years time this is $1040 dollars. I also take any money receive for birthdays and holidays and add it to this rainy day savings. I took me two years to save enough to take my wife on a Panama Canal Cruise last year. This year I was able to save enough to purchase weekend season tickets with my neighbor to the Chicago White Sox. Because the money was saved over time it was very painless and I friends who wonder how I can afford to do what I do.

I have to admit that this habit of saving 10% of my money goes back to my Grandmother teaching how much I can save by saving in little increment.

I would like to thank you for confirming what my Grandmother taught me. She also taught me that the best credit card was green and could be folded. She always told me that if you can't pay for it you don't need it.

Best Regards,

- Mark DeSantis

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