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January 20 2005
Dear David,
My boyfriend and I go into Barnes and Noble a lot to sit and read. I happened to come across your book. I read it from front to back and still go back to re-read info. I also have told a lot of people about your book. I am still paying off a few bills, but your book is always in my mind every time I think I want to buy something I really don't need. I remind myself and my boyfriend about the Latte Factor quite often. Your book was not only a help to us but a lot of fun to read. Your audio tape was great also. I plan to listen to it a second time to keep focused. Thanks again for your help.
- Susan Sudhalter
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January 20 2005
David, I just finished reading your book and I think it is fantastic! Luckily we do not use credit cards and we own a home, but now we are automatically set up to become millionaires. I am a real estate agent and I've decided that this is the best closing gift to give my clients. I know they will enjoy the book and will know that along with helping them become homeowners I've started them on their way to becoming millionaires too.
- Sabrina Simpson
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January 20 2005
Thank you, THANK YOU...THANK YOU!! My husband and I just listened to your telecoaching call and you encouraged us to email you our success story...here it is: On New Years Day, 2003, I watched you on the Today Show while you discussed your new book, The Finish Rich Workbook. I went to Amazon and ordered it and ordered Smart Couples Finish Rich as well.
My husband and I both flew thru the book and immediately started implementing your suggestions: We pay ourselves first!! Before we began reading your book my husband's 401(k) contribution was at 5%. During the book we upped it to 10% then 20%, and after the book really went for it with a 30% contribution. His account was fully funded by October!! My company is phenomenal and part of our benefits package is a SEP-IRA. As part of our year-end bonus, they told us they were going to fully fund it at the 25% rate, which they are continuing this year as well. We have 10 years to make up for, so we decided to fund Roth IRAs for both of us. We started a security savings of $400 per month and increased that to $500 as of Dec 03'. We did it automatically because I didn't want to have to trust ourselves to do it on a regular basis.
We began thinking latte factor every where we went...I was a Starbucks junkie and my husband was eating out on a very regular basis. We both cut back and I very rarely even buy a latte...in fact I discovered I like my own coffee better. We figured out what our mortgage would be if it were a 15 yr mortgage, and as of Aug 03 began paying that much extra every month. We also began reading our statements to ensure the funds are going toward additional principle. Shisters...we did catch a couple of instances. We've been trying to pay down our debt for years but like most would usually add more. Tonight while on the phone with you, how appropriate, we just made the final payment on our credit card. Finally no more credit card debt. We've also made a renewed vow to keep debt to auto and home loans only and to work very hard at paying those down.
Ronnie and I can't thank you enough. I once told him in 2002 that I wanted to start trying for a baby but I wanted a savings, a retirement account, and an investment account, and I want us to retire early...is that too much to ask? I laughed. Well thanks to your Finish Rich series I can honestly say...No it's not. We are living and we will finish rich.
- Ronald and Vicki McKay
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January 20 2005
David,
I want to thank you for your inspiration. I bought and read 'The Automatic Millionaire' on my fiance's suggestion (she had seen you on Oprah) and it opened my eyes and kicked me in the butt! About half way through the 5th chapter (Automatic for a Rainy Day) I had an 'aha'. My fiance and I have a 'just in case' savings account, which we never really touch, and I'm earning 0.5% interest on it. I immediately got on the internet and opened a money market account, started it with $1,000, and set up an automatic transfer every two weeks from our savings account. I also encouraged her to finally start her 401(k) at work and we've set up an appointment with a financial advisor to make sure everything's in check. I make regular contributions to an IRA and am in the process of paying off my debt.
I'm 27 and although I am very driven to be successful and retire early, I didn't have a plan. Fortunately we were on the right track. She has her check direct deposited with a set amount automatically going to our savings, and I have online banking with an automatic weekly transfer to the same account. We own a house and with your inspiration and encouragement we can now take the next steps to becoming automatic millionaires! Thank you for making it all clear and simple, keep up the good work.
- Mike Perry
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January 20 2005
My name is Kat, and I will be a senior at Mercy High School in Baltimore, MD. I will be taking Micro and Macro Economics courses in the coming fall. Our summer reading for the class was your book, THE AUTOMATIC MILLIONAIRE.
Out of the eight ridiculously boring books plus yours (as I don't count it as boring) I have to read before the start of term, I chose to read your book first because, even at seventeen, I have a love affair with money that would make my boyfriend jealous. I am aiming in the direction of international trade law in college, despite my less then saavy math skills.
I finished your book today, and it is, without a doubt, the worth-while read of my life. The most basic and necessary aspects of a consumer society are never taught in school. Most young people I know are intimidated by money because they are under the impression that it's too complicated.
Thus they get stuck in the cycle of, as you said, 'living paycheck to paycheck'. My parents have worked all their lives, but they are almost sixty and have just refinanced the house mortgage, extending their payments for another ten years. At the dinner table, I "educated" them about everything I was learning from your book, and my dad was so interested, he's next in line to read it.
This book really gave me a clear direction for my financial future. Hopefully, by starting early, I'll be another automatic millionaire you helped. I'll get back to you on that in a good couple of years. I want to be able to take care of my parents the way they cared for me, so that will be my incentive to be successful in your plan. So thank you for sharing your expertise with America; we desperately need honest and simple financial advice. I'm off to read SMART WOMEN FINISH RICH...after I read my eight other assignments, that is. However, I don't think those authors will be receiving any fanmail from me. I look forward to retiring a millionaire!
Thanks again,
- Kat Harrington
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January 20 2005
Lets see, before I read David's book, I was just about to sign up for Debtor's Anonymous. Things were bad. There were days I didn't want to get out of the bed because I felt like I was working for everyone else but me! I'm 33 yrs old, I work at the same company for 16 years. I'm single. I own my own home (not paid off), a car(completely paid off) and a timeshare in Aruba (NOT paid off). My father passed away 16 years ago. I live with my mom who is permanently disabled, I take care of her. I have 3 other bellies to feed (1 kitty and 2 devoted doggies). 8 years ago I bought a house in Long Island. Even though buying the house was a great investment, its been a constant struggle with my bills. Since we are living on one salary, MINE, I charge whatever I don't have cash for. Sometimes even food. I would always charge vacations, I felt like I deserved to go away - needless to say, I would be further in debt. I can't begin to count the number of times I refinanced to pay off my debt only to fall back down. It never ended...
Until I walked into the book store one day a few months ago to pick up a book for a gift. David's book caught the corner of my eye. It was the last book on the shelf! So I bought it! After reading his book, for the first time in my life, I feel like I have control of my money and that was a very big thing with me, I would lose control constantly and shop out of depression. Don't get me wrong, I am still struggling but I've gained control and confidence. So far I've managed to increase my 401K at work, I opened up a money market account for a savings and a separate one to escrow for my taxes - why let the banks make money off of my money?? I've moved my credit card debt to 0% cards. I've set up automatic deductions for my mortgage and credit card payments and my car insurance. This way everything gets paid on time. Its impossible to save a dime, at least for me it was when I had to manually do it. When its automatic, its easy, I don't have to do a thing. I love it! David, you will never know how much you changed my life and helped me get my finances on track-Thank you! I only wish I started this in my 20's! While I'm not yet close to being out of debt, at least I now see a rainbow at the end of the day whereas before I only saw darkness. Thank you again! My future goals include owning a 2nd home before I turn 40, starting my own business which I'm currently working on and writing a book of my own one day!! Notice, I don't even mention marriage and children - that will come in time and when its right! In the meantime, I'm getting rich!! ; )
- Maria
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January 20 2005
My Name is Rachel. I'm 22yrs old and from Pacifica, CA. I just finished reading "Smart Couples Finish Rich" and my husband & I are so inspired. We've been following your book like it was the bible. Well it is; in fact, I call it my financial bible. Because it's a financial guide in life that we all need.
Since reading your book my husband started contributing to his 401K. And I'm opening an IRA next week. Also we transfered our "Cushion money" from a regular savings acct. that is only earning 0.10% into a money market acct. that is earning 2.10%.
I used to always wonder why the more money I make the less I save. And it dawned on me when you said in your book "It's not your income...., It's how you spend...." The more money I make, the more I spend. Now, I watch every penny I spend. I've cut back on eating out and I started bringing lunch. I also stopped drinking sodas, which is good for my finances AND my health. By doing that I realize that I can actually start saving 3% of my net salary for my dream basket.
I'm so greatful for your books, although I've only read one, I'm 100% sure that I'm going to read them all. Your book helped me in so many ways not only financially but also career-wise. Before reading your book, I already knew what I wanted I just had no clue on how to get there. Your book "Smart Couples Finish Rich" is truly a map on Finishing Rich.
You also inspired me to go back to school, I'm actually starting on Spring 2005 @ San francisco State Univ. I'm majoring in Business Admin. Concentration in Finance. I want to help my community, I want to help low-income families by educating them how save and open $1.00 porfolios and watch them became million dollar porfolios like Grandma Bach's.
Again, Thank you for sharing with us you knowledge and wisdom. You've given your readers so much- enough to last a life time! I hope that when I'm finished with school I can also give to others what you've shared w/ me. And let it be a cycle passed from generation to generation. And by this, maybe America will truly be the land of the RICH.
Respectfully yours,
- Rachel St. Onge
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January 20 2005
After watching the Oprah show, I ran out and purchased your book, The Automatic Millionaire. After reading your book, I finally enrolled over the phone in my company's 401(k) plan. I've worked for the company for 5 years and had never even considered enrolling in the past. Although I started off saving only a small amount, I do plan to evaluate my savings in 6 months and increase my savings if I see I can. In addition, I've put away my one credit card and have not used it in one whole month! I've written down my financial goals and plan to stick with them this time around. Thank you so much for helping me to better understand what I was doing wrong and how to make a better financial future for myself and family.
- Kim Beasley
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January 20 2005
Your book is terrific. They should teach it as a required course in high school!
My latte factor was a real latte. Ten years ago, the building in which I work added an espresso bar. I was enjoying my latte every weekday morning. On one of those mornings, latte in hand, I walked across the street to my credit union to deposit a gift check. It occurred to me that my deposit would have been a few dollars more had I not bought the latte that day - and $50 a month more if I skipped the latte every day. I went home that night and consulted my amortization book. (Today I would use my computer!) What a shock to learn what my latte was REALLY costing me! The choice was mine: A latte a day or pay off my mortgage SIX YEARS early by putting the $50 a month on the loan principal.
Since then, I've had fun with a "what if" scenario. Such as, What if I did NOT buy this $5 item? Do I REALLY need it? If I didn't buy it - and instead saved or invested the $5 - how much would it be worth in five years? Ten years? Twenty? If I buy the item, will I even have it five years down the road?
Your book is the perfect gift for high school grads, college grads and newlyweds!
- June Taylor
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January 20 2005
David, just picked up The Automatic Millionaire last night and finished it tonight. Thanks for the great information. It was refreshing to read your book as it did not give some of the get-rich-quick ideas I have seen in a lot of books. Some of the books I have picked up have encouraged people to leverage themselves in ways that I feel can be dangerous. In your book it is just great advice. I am lucky as I have been paying myself first for many years and just as you say in your book, it becomes easy if it is automatic. I have been saving the max that the law allows in the 401K plan we have where I work from day one.
I also use direct deposit and have a money market account set up for that. Basically what your book did for me was to assure me that what my wife and I have been doing for the past 23 years is correct. We just need to tweak a few things. I am interested in finding my Latte Factor! I did run the numbers on the Sleep Well Test and found that right now we can cover a little better then 48 months. For the past 14 years I have been using the Quicken program which I think has a great deal to do with our good fortune.
My wife and I are able to give more money to charity then I ever thought we could. The old saying to give till it hurts can make one feel so good! The part in your book in regards to paying off your home was refreshing. We have paid off our home, and two of our three rental properties. We have made additional principal payments each time we make a payment. In fact in two years we have saved $89,623 in interest. The bank might not like this but I do. This is the only debt we have.
Bottom line, your book is great. I plan to buy additional copies to give as gifts to young people. I am 51 years old and plan to retire in about 14 months and most of that is because of automated savings. Thanks,
- Ken Bic
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January 20 2005
I can't belive how much money I've wasted in the last year!!! ON COFFEE and snacks!! I am a single mom of 3 small children and a teacher. Every day during our first recess, a co-worker and myself would race to the nearest Chevron for more coffee (I always bring a mug full from home, but it's gone by 9:30am). As I was reading your book, The Automatic Millionaire, I started doing the math of what I was spending each morning. EVERY morning, 5 days a week, I spent $1.10 on coffee plus $.99 on a pack of Hostess donuts, and another $.99 on Peanut M&M's for a little snack later on in the day. First thing I realized was I eat a lot of junk...NOT GOOD! Second thing is that I was spending $3.08 EVERY DAY...that's $15.40 a week, which is $61.60 a month, which is $616.00 during our school year (10 months)!!!!!! I was, and still am, absolutely SICK that I've wasted that much money on coffee and snacks when I could've invested that money instead!!! At $616.00 a year, that would've been $15,400.00 over the next 25 years!!!! And that's only if the prices stayed the same over time, which of course, they will only be going up in the future!! I go back to work tomorrow to start another school year and you can be sure that I won't be going for coffee and snacks anymore....The Latte Factor has opened my eyes....that money I used to spend on Chevron goodies is now going into an IRA for my future!!!
THANK YOU for such a wonderful book!!!! You brought to light SO many things, things that I will be doing from this point forth (Paying myself first, paying down my mortgage quicker and NO MORE Credit Cards!!). :)
Have a blessed day!!
Sincerely,
Tara Richards
- Tara Richards
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January 20 2005
Dear David,
Two weeks ago, accidentally at home at the time the Oprah show is broadcast in India ( an impractical 2 p.m. ) I watched your advise on and was rather impressed. One can never imagine but the fact remains that the advice you give Americans there is as useful as you could give us Indians some 9000 kilometers and several economies away !
I once again thank you for the wonderful advice you gave. After seeing your show I actually looked up your website and read even more about you. I am planning to order your books through Amazon, and hoping they will deliver to a remote town in India!
Best wishes to you and on your new book ( your sixth one ).. I am sure it will do well
Warm regards
an ardent "fan" from India,
- Ms. Dipali Sikand
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January 20 2005
After getting my first "real" job six years ago, I immediately maxed out my 401(k) contribution at the insistence of a coworker. It was very difficult for the first four months, but then I adjusted to living on a smaller take-home check. I don't miss the money one bit and have never been tempted to decrease my contribution.
Approximately four years ago, I paid off my last credit card (mostly tuition and textbook charges from college) and have not charged since. Being credit-card debt-free is very liberating; again, I'm not even slightly tempted to use the card unless it's for travel arrangements which I pay off when the bill comes due.
I also bought a home almost three years ago, commit to making one extra mortgage payment at least once a year, and invest in improvements to increase the resale value as I plan to upgrade to another home in about a year.
The heavy layoffs in 2002 (especially in Austin, where I live) scared me to the point of finally opening a money market account and funding it with three months worth of living expenses (in case I got laid off from my computer programming job). I had never imagined I could afford to save thousands of dollars on my own, but it became a priority.
A month ago, I purchased a new (used) vehicle after driving my other car for 11 years and 160K miles. I was constantly teased about driving an older car, but I didn't care. My family/friends/coworkers all had car notes, and I happily did not.
I basically read everything I can get my hands on that deal with finances--magazines, Internet articles, books (including The Automatic Millionaire, Smart Couples Finish Rich (I'm single), and Smart Women Finish Rich). I even have two friends and a casual acquaintance who've asked me to help them get a handle on their finances. One friend suggested I become a financial advisor.
I live pretty frugally (which I get teased about, also), and I limit myself to a $20/week cash allowance for things like lottery tickets, cheap fast-food, occasional Happy Hour drinks, and vanilla milkshakes (my "Latte"). When the $20 bucks is spent, I rarely return to the ATM for more cash. This has made a world of difference.
- Melissa
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January 20 2005
David,
I had read one money managing book after another. I took a few ideas from each that slowly faded away from daily use.
Then, one magical day at a local bookstore, I ran across this book called Automatic Millionaire. Skeptical at first, I began understanding your views. I bought the book and read the entire thing in two days. Being a 20 year-"young" college student, reading in my free time is usually the least of my desires. However, your book flicked on my urge to being financially independent before it's too late.
I go to school and work full time and have rarely made time to lay out my finances. But since I dedicated a day to automatically allocating my finances towards a positive future, I have been utterly amazed at how easy and fun it is.
I listen to other students and co-workers complain about how their scraping the bottom of the barrel. I tell them to pick up your book and it will all become much clearer. I bought a few extra A.M. books and shared them with friends. Now a buddy of mine is doing better financially than me which only boosts my desire.
Thanks for making this book literate for college students and the middle class worker. It's easier than most think.
Future Millionaire-
- David Damron
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January 20 2005
Hello, my name is Lisa LaPensee and I just wanted to write to David to let him know how much he has changed my life not just financially but emotionally. I am 32 years old and have my own home and just finished school were I obtained my degree as a nurse, which has been a life long goal for me. I am the type of person who believed before that why should I save for the future when I could die tomorrow. So I went though life spending everything I earned on things for the house, clothes, trips and partying with my friends. Then I bought your book and it soooooo opened up my eyes that, yes I could live till I am 90 and I have nothing to show for it, and if I did not mention I am single and my goal was always why save I will marry rich. Well I am finding out @ 32 that rich guys are losers and that I might have to be a rich women. So I opened up a savings account yesterday and have money deducted off my check every 2 weeks and I am down to 1 credit card ( hey a girls got to have one) and I am being more reasonable with my spending. I am getting help with this by working more at my 2 jobs, because I can't go to the mall if I am at work! Well I just wanted to let you know you are helping people, even a shopaholic like me. I know I just started and only saved 20 dollars so far but its a start for me. I have had allot of downfalls in my life my parents died when I was very young and I raised myself but the money me and my brother got we both wasted it away, it so a hard lesson to learn to save but I think at 32 I might just get now. But hey I will never give up hope to marry rich, just so will he! Thank You
- Lisa LaPensee
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January 20 2005
Hi David:
Wanted to send a quick note thanking you for the Automatic Millionaire class. My wife was apprehensive about me spending the enrollment fee. Once we completed the course, she told me it was the best money I ever spent. I have to agree with her. We followed your recommendation and bi-weekly automated our mortgage and car payment. We started 401k's for each of us and one for our daughter and a savings plan for our minor son. These too are automatic. But I have to say, of all the things we learned and did, the one thing that truly stands out is the fact that you convinced my wife to up her 401k contributions from single digit contributions to a whopping 29%. That's right...29%. Sure the money will be missed, but so will all the crud we would have needlessly spent the money on.
Thanks again David. I look forward to the opportunity of taking another class.
- Clark & Kristi Lamoreux
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January 20 2005
I have now read 3 of your books. I have learned so much. I have added to my mutual funds, started a simple IRA,got disability insurance , and am getting more life insurance because of your book. I have been teaching my step children how easy it is to save a hundred dollars a month. I have started a retirement account for my 8 year old daughter and started a 529 account for her college. I am a hairstylist and have told my clients about your book.I am 42 years old ,and I feel like I will actually be able to retire comfotably in 20 years. Thank so much for writing these books.
- Karen MacKenzie
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January 20 2005
When I got my 1st job after college four years ago, I wanted to know more about how to manage my money from the get-go. Amongst the hundreds of personal finance books, yours stood out: "Smart Women Finish Rich". "Sounds perfect!" I thought. "This is the right book for me!" When my (now) husband and I moved in together, we read "Smart Couples Finish Rich" together to learn how to manage finances as a unit. We implemented everything: the filing system, the goal and value setting, 5-year plan, I didn't have a coffee or latte for 3 years, etc. Here's a quick summary of our savings (we started with just about nothing after college):
401(k)s: $60,232
IRAs: $38,046
Mutual Funds and Cash (non-retirement): $45,037
Stocks: $6,871
Approx Total: $149,918
We have no debt, have had no financial help from parents (other than my living at home for 2 years in order to speed up goal-reaching), and owned no real estate during this time.
We just made an offer on our first house in Oregon, which we will use as either a rental or a vacation home.
Your words have made a tremendous difference in our growing sense of financial security and our confidence in our abilities to follow-through.
We are thrilled with the choices this savings affords us.
- Natalie and Josh
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January 20 2005
This was way before I read your books, but when my children were young we had little extra money. I knew we needed to start saving but couldn't see where we could come up with the extra. Until I started clipping coupons. My grocery had a nifty way of printing on the receipt just how much money I had saved using my coupons and how much I saved using their store sales. I invested the difference. Some weeks I could save 30% or more off my total. To the customer waiting impatiently behind me, I'd just smile and say, can't do much better in the stock market (especially in 2000-2002)!
As soon as you start living below your means, it gets very easy to accumulate wealth. When you don't get caught up in the fleeting euphoria of acquiring something new, you realize just how fleeting that high is. How many shoes can you wear, how much stuff do you need to feel content. A lot of stuff is a burden in and of itself!
Great books, I intend to give your new one as birthday presents to my staff in 2004 instead of the Nordstorm gift cards I usually get them. They are mostly in their 20's and need the inspiration outside of my nagging them!
- Karen
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January 20 2005
I saw you on Oprah back in Feb. 2004. My husband and I had a 4 mos. old baby boy. We were renting a home and living paycheck to paycheck. I was feeding the baby (of course, that was the only time I got to sit down, much less to watch tv) and saw you on the tv. I had been praying for direction to gain wisdom to help my family in the financial area. There you were! I went out and bought your book. I highlighted and made notes. I shared your book with my husband. I told him we were going to start implementing it into our lives. I told him that by the end of the year I wanted to own our own home. This was in February. We closed on our house with 4 1/2 acres and a pond the 20th of April!!! We are paying extra on the mortgage every month to pay it off early as you suggested. We are also paying off our other debt and still saving! My husband recently changed jobs and will be able to enroll in their 401k program. I have bought a book for my mom and my nephew who just graduated high school. I have told many of my friends to get your book. I keep my copy by my computer for easy reference. I'm always going back to look at things. I am an Independent Beauty Consultant with Mary Kay and I have started giving your book as a gift to my new team members. It doesn't do much good making money if you don't manage it wisely! Thank you. You are truly an answer to my prayers!
- Lucinda McConney
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January 20 2005
I saw you on tv for the last 10 minutes of the show. What you were saying made me think. So I went out and got your book The Automatic Millionaire. I am inspired. I re-started my 401k and have all my accounts set up for automatic payments. I doubled what I put down on the principal of my mortgage. I have added a college fund for my child. Thanks for getting me off the couch potato money hole I was sitting on.
- Jayson Mueller
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January 20 2005
My name is Katie, and like Kat featured in your previous newsletter, I also am young and found good advice in "The Automatic Millionaire". I just graduated from high school and am on my way to college life. I really appreciated the honest facts about what credit cards, spending -- and saving -- can do to or for you.
I never realized the power money can have to improve your life when it's invested and used wisely. I've even started "Smart Women Finish Rich", and am finding out things I "didn't know I didn't know" about my money. I feel excited that now I know about what's coming before it hits me...and you know what they say - Knowledge is power. Thanks so much! Keep up the good work.
- Katie
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January 20 2005
Well David, I am not sure if this is a success story yet or not, but I think we are well on our way to one!! I, myself, am disabled. I am engaged to a wonderful man who seems to be a workaholic! Between us we have 6 kids. I have a small retirement account from a previous job and that account is doing wonderfully. I learned from that account how easy it can be to save for our future. You see, David, here where we are in Maine, people dont seem to look ahead to retirement years, its just day to day living. I want MORE for my children and myself. When my fiance moved in with me recently we went through all our finances and decided that since he has no retirement plan at all, and he is 45 its TIME. I have all of your books and have strived very hard to make him excited about this! We are going to live exclusively on my disability check and take his check and start funding a Roth IRA as his job doesnt have 401k plans or any other plans. Along with fully funding that for the year we are also starting a health insurance and life insurance plan for him. Then, we will also start a mutual fund with the rest. In other words, his entire check is being directed for our retirement!
I have also been working HARD on our children and teaching them!! My oldest son is 21 and lives in the moment, so I think for now, he is hopeless!! But we work on him anyway!! His son will be 18 in two weeks and as his birthday gift we are starting his Roth IRA for him and he is so excited! He has just started a full time job and has done the math to figure out how much a week to withhold to finance it! He is also studying the stock market for more ideas! The next two are 15 and 14 year old girls. The older one is mine and is very excited. She has a summer job and I have agreed to match her dollar for dollar all that she puts in her IRA this summer! The 14 year old is his and is in the same boat as my oldest, although the same offer has been made to her as my daughter!
The youngest two are 7 and 6. They have been spending their days doing chores for allowance, 10% of which they save, 10% they tithe and the rest is theirs but they have their own "checkbook registers" that they account for every cent in. They are also researching (with our help!!) drip accounts and individual shares in Disney, McDonalds, Walmart and some others they are interested in. They also collect bottles and cans for return whenever we walk.
So what do you think, David? Are we on our way to a success here? I feel like we are, and want to thank you SOOOOOOOOO much! We are so looking forward to our retirement, buying an RV and hitting each and every state!
Oh, forgot to tell you, we have NO credit cards at all. I saved my money and paid cash for a trailer. So our bills are just about nothing! We do not recieve any state assistance, even though, being on disability I am qualified for it. We also do not recieve child support for any of the children. My ex is currently $10,000.00 delinquent, so if that were ever to materialize, it would be "found money" and invested for the children!!
PLEASE hurry and get your new book out, Start young, finish rich...your books are MY latte factor!!! Julie Reed
- Julie Reed
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January 20 2005
I first heard of you on one of our local radio morning shows. I went out and bought your book, and when I came home my wife got really excited because she had just seen you on your first Oprah show and was impressed. I'm the dreamer, and my wife is the level headed one who's pretty conservative when it comes to our finances (which is a good thing). But to see her get excited and want to read the book spurred me on to read through The Automatic Millionaire in less than a week. I can't tell you the last time I read a book cover to cover - most don't hold my interest long enough. But yours was different. Since that time, my wife has read your book, and I've gone back and purchased the Smart Couples Finish Rich book and audio (so I can continually reinforce what I'm learning).
We've always paid our mortgage automatically but now we've gone and added 1/12th of a payment each month so we'll have one extra payment per year, and we've decided at tax time to add another full payment to our mortgage from our refund. I've gone and bumped my 401k about a percent every month and hope to hit that magical 10% mark by year end. Actually I'm hoping to get closer to the 12% you mentioned in the next year. And am eagerly anticipating the release of your new book in January, as I'm one of the "late starters" (having just turned 40). It hit me that I don't have alot of time, but with your easy to follow tips and techniques I feel as I'm well on my way to "Finishing Rich". Thanks so much! Both my wife and I watched you on Oprah again today and as usual you came up with some pretty clear realistic guidelines for helping out all the couples on the show. Thanks again !
- John Tisevich
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January 19 2005
After seeing The Oprah Show, I went out and got The Automatic Millionaire book. I have increased my 401k to 10% and I'm working on writing down everything I spend. I also was able to put $25 dollars a week into an automatic saving account. The next step is to pay my mortgage payments bi-weekley. If I can pay the goverment, I can pay myself. Thanks for the inspiration.
- Joyce
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