Books, Personal Project

Book 501: The Automatic Millionaire – David Bach

I came across this book when I started listening to the Better Off podcast (iTunes link) , which is sponsored by Betterment (more on that later – including a referral link ;-D). David Bach, the author, was the guest on the very first episode. I was intrigued enough by his interview that I wanted to read the book. It sounded a lot like what I discovered on my own, but I wanted to verify and see what other tips or tricks he offered. But before I talk about the book, first the back story:

After completing my 30×30 a few years ago and getting rid of my credit card debt, I’ve become much more interested in personal finance and making sure that I am planning for the future, whether it’s mine, that of any future children I have, or the fact that my mom, dad and step-mom (and at least one aunt) are all rapidly approaching retirement age.

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30x30

30 x 30: #28 – Get out of non-student loan debt

2014 10-31 No More CC DebtI’m down to 11 and after this weekend I’ll be down to 10 and will have started two more with a third one on-going. I’m going to kick this list’s butt! I’m not sure I’ve ever been happier seeing a bar chart (and I really like bar charts), but watching that little debt bar on Mint.com slowly dwindle away and actually turn green (whoops I overpaid :-D) this year has been AWESOME!

If there was one I was most scared of not accomplishing and one that I will forever be most proud of accomplishing it is getting out of non-student loan debt (AKA credit card debt). Now don’t get me wrong, I didn’t have an outrageous amount of debt, however, it was enough to make me wonder why I’d accrued it. And I know exactly why, but I’m not going into that, this is about the excitement of paying it off.

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