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Author: TP2004 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 103  
Subject: Re: David Bach's books Date: 3/10/2005 9:46 AM
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I loved Bach's The Automatic Millionaire. I read it last month on the advice of my sister. I think it's perfect for your intended purpose!

It's a quick read, and the basic message the book emphasizes is 1) you can save a little more on a daily basis 2) practice Pay Yourself First-- and put some of this money away via Direct Deposit 3) what even a little money is worth after 40 years with an average return.

I was very impressed with the simple tables included that showed what a small amount of money could be worth down the road. Changed my way of thinking about retirement. It also helped with the simple questions like where to find good IRA accounts and how you should allocate your investments.

For someone like me who never had a financial education in life and has to teach himself a lot of things halfway through, it was a gem. I'll be referring to it often as a reorganize my financial life these days.

I recommend it highly if only for the sole reason it's in plain english and really easy to understand.
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