The Automatic Millionaire Homeowner: A Powerful Plan to Finish Rich in Real Estate

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David Bach's simple system for building wealth through homeownership will help you finish rich in any market.

254 pages, Paperback

First published January 1,2005

About the author

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David L. Bach is an American financial author, television personality, motivational speaker, entrepreneur and founder of FinishRich.com. Bach, is best known for his Finish Rich Book Series and Automatic Millionaire Series of motivational financial books under the Finish Rich Brand. He has written 12 books since 1998 with over seven million copies in print.
Eleven of Bach's books have been national bestsellers, including nine consecutive New York Times bestsellers, two of which were consecutive #1 New York Times bestsellers (The Automatic Millionaire and Start Late, Finish Rich). Bach has had four of his books Smart Women Finish Rich, Smart Couples Finish Rich, The Automatic Millionaire and The Finish Rich Workbook appear simultaneously on the Wall Street Journal, BusinessWeek, and USA Today bestseller lists. Eleven of Bach's books have been published from Random House (Broadway Books).
Bach's first book Smart Women Finish Rich was published in 1998, and appeared on the bestseller lists for a decade. His most recent book Debt Free For Life (2011) was published by Crown Business Books, and appeared simultaneously on the New York Times, Wall Street Journal and USA Today bestseller lists.
Bach has appeared regularly on television dispensing his financial advice since 1994. His first appearance on television took place in San Francisco, on local cable channel BayTV, where he was "The Money Doctor", and answered personal financial questions.
He was a regular contributor to The Today Show, appearing weekly on the Money 911 Segments. He also has contributed to CNN American Morning, CNBC, Fox Business, ABC Good Money, and The Oprah Winfrey Show. He has appeared on The Oprah Winfrey Show over six times, including the shows "How to become an Automatic Millionaire" (2004), "How to become an Automatic Millionaire Couple" (2004) and "Oprah's Debt Diet Series" (2006). Bach has appeared on CBS's The Early Show, NBC's Weekend Today, CNN's Larry King Live, ABC's Live with Regis and Kelly, and ABC's The View.
Bach has written, produced and hosted two public television specials, Smart Women Finish Rich and The Automatic Millionaire, which aired nationally. Smart Women Finish Rich was produced by Connecticut Public Television (1998) and The Automatic Millionaire by Chicago Public Television (2006). He has hosted two radio shows, Finish Rich with David Bach (Sirius Satellite Radio) and The Finish Rich Minute (Westwood One).


Community Reviews

Rating(3.9 / 5.0, 100 votes)
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35(35%)
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100 reviews All reviews
March 26,2025
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Worst book ever. Read it because it was recommended by a friend, and it's clear we should not be friends anymore.
March 26,2025
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It was eye-opening to hear real estate advice from 2005, even with his warnings about the dangers of over-leveraging yourself and the signs of the bubble bursting.
March 26,2025
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I thought this book was pretty terrible based on the advice that It gave. This book was written in 2005 which is important to consider because it was during the real estate bubble. The author encourages everyone to buy a home no matter what their circumstances are. They could have no money down, credit card debt or financial instability. The only thing that mattered was homeownership. Many people that bought homes during this time were foreclosed on because their home is overvalued when they purchased it. He encourages people to overextend and cites that real estate is going up at a rapid rate as a justification. I’m sure this book got many people in trouble if they purchased based on his advice in 2005. The redeeming quality for this book is that some of the proceeds are donated to Habitat for Humanity and other organizations to help people become homeowners. Instead of this book look up Dave Ramsey! This book was helpful and the information provided on how to purchase a home, navigate the mortgage market, pick a real estate agent, etc.
March 26,2025
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Yes, I'm reading yet another David Bach Finish Rich book! I've just really been enjoying his quick-read books and simple, easy-to-understand approach to financial planning. I thought this book would be a good refresher course to home-buying as we look to buy our second home in a few months. This one focuses on how to use your house to become a millionaire by basicly explaining how to get the best mortgage and save more on interest, as well as how to invest in second and third homes to create even more wealth. All this info is really great considering he gives info that is useful regardless of what the current housing market is doing. He doesn't suggest flipping homes, but as like other investments, buy properties and hold. And as usual, his style is very motivating and encouraging.
March 26,2025
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Some things in here I know I'm going to use! The best part about this book is that the author repeats many times, that people who buy lots of houses just to flip them are stupid jerks who ruin it for everyone else.
March 26,2025
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Great basic concept which will always work well, buy house, pay down mortgage aggressively then move out and leave first one as rental. But written at top of the housing bubble in 2005 so even with his warnings, book sets very overly optimistic expectations.
March 26,2025
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It was an interesting read; especially being on the wrong side of the bust. However, I thought there were a number of good tips for all aspects of buying a home. I think it would behoove people to be a little more conservative, but the plan of action laid out in this book is certainly insightful. There are also a number of good resources listed in the book.

The style of writing really does motivate me. I want Clayton to read this book so that we can be on the same page as far as some of the tips and goals for the future!

I am also interested in reading the other books in the Finish Rich series.
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