Start Late, Finish Rich: A No-Fail Plan for Achieving Financial Freedom at Any Age
Start Late, Finish Rich: A No-Fail Plan for Achieving Financial Freedom at Any Age

 
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David Bach has a plan to help you live and finish rich¡ªno matter where you start

So you feel like you¡¯ve started late?

You are not alone.

What if I told you that right now as you flip through this book, 70% of the people in the store with you are living paycheck to paycheck?

What if I told you that the man browsing the aisle to your left owes more than $8,000 in credit card debt? And the woman on your right has less than $1,000 in savings?

See? You¡¯re really not alone.

Unfortunately, the vast majority of people who¡¯ve saved too little and borrowed too much will never catch up financially. Why? Because they don¡¯t know how.

You can start late and finish rich¡ªbut you need a plan.

This book contains the plan. It¡¯s inspiring, easy to follow, and is based on proven financial principles. Building a secure financial future for yourself isn¡¯t something you can do overnight. It will take time and it will take work. But you can do it.

I know. I¡¯ve helped millions of people get their financial lives together¡ªand I can help you. Spend a few hours with me¡ªand let me challenge you. Give me a chance to become your coach.

Just because you started late doesn¡¯t mean you are doomed to an uncertain future. Whether you¡¯re in your thirties, forties, fifties, or beyond, there is still time to turn things around. It¡¯s never too late to live and finish rich. All it takes is the decision to start.


¡ªDavid Bach

Is it too late for me to get rich?

Over and over, people share their fears with David Bach, America¡¯s leading money coach and the number-one national best-selling author of The Automatic Millionaire. ¡°If only I had started saving when I was younger!¡± they say. ¡°Is there any hope for me?¡±

There IS hope, and help is here at last!

In Start Late, Finish Rich, David Bach takes the ¡°Finish Rich¡± wisdom that has already helped millions of people and tailors it specifically to all of us who forgot to save, procrastinated, or got sidetracked by life¡¯s unexpected challenges.

Whether you are in your thirties, forties, fifties, or even older, Bach shows that you really can start late and still live and finish rich ¨C and you can get your plan in place fast. In a motivating, swift read you learn how to ramp up the road to financial security with the principles of spend less, save more, make more ¨C and most important, LIVE MORE. And he gives you the time tested plan to do it.

The Start Late, Finish Rich promise is bold and clear:

Even if you are buried in debt ¨C there is still hope.

You can get rich in real estate ¨C by starting small.

Find your ¡°Latte Factor¡± ¨C and turbo charge it to save money you didn¡¯t know you had.

You can start a business on the side ¨C while you keep your old job and continue earning a paycheck.

You can spend less, save more and make more ¨C and it doesn¡¯t have to hurt.

David Bach gives you step-by-step instructions, worksheets, phone numbers and website addresses --everything you need to put your Start Late plan into place right away. And he shares the stories of ordinary Americans who have turned their lives around, at thirty, forty, fifty, even sixty years of age, and are now financially free. They did it, and now it¡¯s your turn. With David Bach at your side, it¡¯s never too late to change your financial destiny. It¡¯s never too late to live your dreams. It¡¯s never too late to be free.

Customer Reviews:

  • finish rich irrespective of your age
    Start Late, Finish Rich makes fine reading - some of its five parts more fascinating than others. The first part is about getting started - illuminating. Part 2 deals with how a starter can avoid, reduce, and stay away from ruinous spending behavior. It is followed by a discussion on saving for investment in Part 3. The book is rather topical in the fourth part, and here some of its subject matter such as making money from eBay (Chapter 6) and from real estate (Chapter 20) appears to be overdone. However, the last section of the book consists of life-affirming chapters on giving, living rich, and even doing it all for the future (your children). Recommended highly.

    Amavilah, Author
    Modeling Determinants of Income in Embedded Economies
    ISBN: 1600210465
    ...more info
  • It Delivers
    I've read a ton of financial self-help books over the years, and this one goes far beyond the majority of them in delivering solid content and sound advice without wasting the reader's time. David Bach does an excellent job in showing how cutting tiny expenses can really add up and increase your savings rate. America has one of the worst savings rates in the world, and there are plenty who should be reading the author's advice. He also covers consolidating debt, real estate, investing, and different ways to make additional income without quitting your day job. If you have read any of the books in of Robert Kiyosaki's "Rich Dad, Poor Dad" series, then you probably noticed they are sometimes inspirational but thoroughly content-free. You won't find that with "Start Late, Finish Rich". David Bach provides really useful information, and you may even find that you read the book twice to take it all in. It's money well spent....more info
  • Excellent System
    This book was a dream come true. I had just gottne divorced and had nothing much left. I thought I was looking a pretty bad future ahead for the retirement years. This book gave me hope to create a better future. I have started putting the money aside and it really works. Great book and now I have a great future ahead of me....more info
  • Good First Push to Wealth
    David Bach is a good, not great, financial advisor. That being said, this book could just as easily have been yellow and black and been named "Wealth for Dummies." That is NOT a condemnation! This is a perfect starting point for those that want to get on the way to financial freedom. He speaks the truth, easily understood. Further reading will be needed AFTER you put his concepts into ACTION!!!

    BUY IT!...more info
  • I Like Finishing Rich
    If you want to end on an up note than this is a great book to read. No matter where you are in life at this exact moment, you have a chance to turn it all around and enjoy the life you are wishing, right now, that you could have.

    Frank Scoblete: author of Golden Touch Dice Control Revolution! and Golden Touch Blackjack Revolution!...more info
  • Smart Readers start late, finish rich - go for it !
    David gives get-rich advice in a systematic step-by-step lesson plan to guide readers to achieve financial freedom. His Latte Factor wakens all on those daily money-losing habit by turning it into personal wealth. Of special service are the chapters on credit card debt with a secret that Delaware bankers do not want YOU to know. That is "paying off a $7,000 credit card debt at a typical 20% interest rate by making minimum monthly payment will take more that 34 YEARS and cost more that $20,000". (P.323)
    His part 3 : save more - is not what Adam Smith advocates in a consumer capitalistic world. His guide for the American dream of homeowner is sound and practical despite the sub-prime mortgage meltdown. Part 4 teaches reader the options to make more money by exploring different opportunities.
    Of value is Part 5: Give more, live more. Sharing is a virtue. He teaches that money does not equal to happiness. The contentment of contentment is contentment - A Taoist teaching. Chapter 23 is important and significant if our school teaches this text of eleven lessons to American students in personal finance to live and finish rich. The same is true for Uncle Sam too. In this consumer society, the message advertises that owing their product promises freedom and power. The truth is to get rid of the unnecessary possessions financed by credit card debt gives the FREEDOM - the greatest personal power and security ! Another sound advice is the credit report which impacts life in employment, mortgage and car loan.
    David's book helps living a life of abundance, happiness and power! Go for it!...more info
  • Product huckster & Conflict of interest city
    Bach is not out to help you SAVE more of your money but to SPEND as much of it as possible on his books, seminars, tapes, you name it.
    AND, please be advised that the author readily accepts PAID endorsements from financial companies - the field which he writes about. Caveat Emptor!!!...more info
  • Super practical and easy to understand!
    This was such a good book. I loved it! It had super practical ideas and easy to understand. It really made me analyze my spending and gave me hope! Everyone should read it. I want to buy one for all of my family to read. I definately recommend it to everyone no matter what their financial situation. It really helps. ...more info
  • The sky is the limit. Or is it?....
    This product is well worth it's money. It has many pointers, directions, and links to better your knowledge. Remember, knowledge is power....more info
  • Not a book for these changing times (2008)
    Given the recent fall of the financial marketsFinancial Shock: A 360o Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis, real estate (like Fannie Mae and Freddie Mac), the impending doom of the U.S. automakersThe End of Detroit: How the Big Three Lost Their Grip on the American Car Market, rising cost of healthcare, and instability in the global economy, many people are running for cover with regard to their portfolios.

    Unfortunately, there is a lot of generic advice that will give you guidance. However, this book tries to hard covering too many topics with a superficial explanation. There are many vignettes of prior successes; however, past performance does not predict the future. Hindsight is 20/20.

    For people who have jobs in retail/sales, restaurant industry, non-professional fields, and government related industry, this book may help you marginally. For those with professional jobs with advanced degrees, this book is not worthwhile. For those with jobs that are traditionally volatile and change with the ebb and flow of the markets, this book will probably help.

    The book is broken down into major categories:
    Spend Less
    Save More
    Make More
    Give More

    SPEND LESS

    Many of the principles regarding spending less money, decreasing debt, and caveats of debt counselors are common knowledge. Nothing is really earth shattering or elucidating.

    The Millionaire Next Door

    SAVE MORE

    The concept of investments such as diversifying in real estate, stocks and bonds sounds simple in theory. However, there are numerous volumes of books written on each subject.

    The Real Estate Investor's Handbook: The Complete Guide for the Individual Investor

    Technical Analysis of Stock Trends

    The Winning Investment Habits of Warren Buffett & George Soros

    The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)

    You will not get much enlightnment in these broad markets which are fraught with pitfalls. There are useful tips that are outlined with oversimplified pitfalls in each area.

    MAKE MORE

    Negotiating for a raise is not possible for all industries but the chapter is useful, if it applies to your field. Entrepeneurship is superficially covered but there are other books that cover more meaningful information.

    Small Business Ideas: 400 Latest & Greatest Small Business Ideas

    SUMMARY

    There are a lot of inspiring vignettes but this book does not have a lot of substance.

    There are better alternatives out there.

    Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity...more info
  • Best personal finance book out there
    David Bach wrote a personal finance and investment book that anyone can benefit from, no matter how old or young you are or what your financial situation is. David wrote the book in a very approachable, comprehensive format so the reader should walk away with many ideas about how to improve his or her financial situation. You will probably not agree with every word on every page (and David probably wouldn't want it that way), and for example, I am very happy being a renter at the moment rather than taking on a mortgage, and I have very good reasons for doing so.

    The book covers are wide variety of topics relevant to everyone's finances:
    - The introduction covers some psychological aspects of personal finance, which is the most important part of the book, since our emotions are so intertwined with our spending habits and feelings about money.
    - Ways to reduce consumption and increase savings without feeling deprived.
    - Strategies to eliminate credit card debt and avoid debt consolidation scams.
    - Investing for growth and mitigating market risk at the same time.
    - Cogent arguments for owning a home rather than renting and how to pay off the mortgage faster (bi-weekly payments).
    - Determining whether you are in the right job or career and how to ask for a raise at your job.
    - Alternate ways to make income whether or not you have a regular job, including franchising and direct marketing.
    - Charitable giving, a critical part of any financial plan.
    - And finally, the best part of the book. David encourages the reader to live in and find joy in every day, otherwise you are missing your life!

    Again, the idea is not that you will agree with every word on every page, but I wish everyone would read the book. econ...more info
  • Unrealstic in Real Estate
    My biggest problem with the book is the subject of real estate. He writes as if today I buy a 500K home and two years later it will sell for 900K. Sure that happened in the late 90's up until 2006, but not any more. Also, he says that renting is a waste of money. Well, I pay $1375 for a 2 bedroom apartment. If I bought a house in the same neighborhood, I would pay about $3500 per month. Sure, if your rent is close to a mortgage payment, it makes sense to buy. But he obviously thinks that everyone is paying rents close to a monthly mortgage, which is not true....more info
  • Anodyne and repetitive
    Start Late, Finish Rich is a part of the Finish Rich series of financial advice books that David Bach has written. This one seems to mostly be a reprise of "The Automatic Millionaire." Bach has added a section about real estate investing and starting businesses; other then that it is pretty much the same book. Definitely not worth the purchase if you have read "The Automatic Millionaire."

    Most of the book is filled with advise that is solid, as far as I can tell, but not original. This would certainly be helpful to people who have no idea how to invest, or what they need to do to prepare for retirement. If you have read anything at all about the topic most of the advise is likely to be familiar.

    Part four, the section on how to make more money is of little value, in my opinion. The advise seems to be superficial summaries of what you find in books on similar topics. They are too shallow to give you much to go on. Many of them seem dangerous to me, in that they may encourage people to get into difficult complex businesses with out sufficient preparation. The anecdotes from his friends success do not seem at all applicable to the audience the rest of the book is aimed at.

    The book is written in a friendly encouraging tone, and avoids financial jargon....more info
  • Good guide for the late beginning investor
    This is a sharply moving book of about 340 pages, with the target audience of people in their late 30s, 40s or 50s who are just starting to save for retirement. The book flows very well and you can expect to invest perhaps 3-5 hours in your read.

    The book is broken down into 4 main sections: How to spend less; How to Save More; How to earn more; and How to give to charity. All of the chapters have anecdotes illustrating people's success, and there are also many emailed testamonials through out the chapter.

    The section on spending less is very good. The basic theme is how small expenditures on a daily basis on little luxuries such as coffee house coffee (His Latte Factor), meals out, and cell phones, high speed internet and premium cable add up to be a significant expenditure over the course of a lifetime. He also gives good suggestions on how to reduce interest payments on credit cards and how to select which cards to pay off first. I found this section to be the most informative and revealing section of the book.

    The section on saving shows how to use tax avoidance and automatic deposits to save more faster. He also outlines different investment vehicles and gives a good blended portfolio for the target audience. If you do have knowledge of the types of plans he outlines, you will skim over some of this material.

    The next section covers how to make more money. He gives some guidance on how to be more valuable at work and how to ask for a raise. He also covers different side business opportunities, such as eBay businesses, direct selling opportunity, real estate, and franchises. I found the real estate section to be particularily well formulated and presented.

    The final section is more of a feel good section on the importance of giving to charity and the importance of living a complete live. He stresses that mone is a means for achieving your life goals, and is not a life goal in and of itself.

    Overall, the book is a worth while read, although people with no background will get much more out of it than people going in with a good base of knowlede in the themes presented. The section on savings however is worth the price of the book....more info
  • You Can Do It!
    David Bach's latest book, Start Late, Finish Rich is a practical common sense guide to personal money management. Geared to readers who may be getting a late start, David points out that it is never too late to learn how to manage your money better - to achieve the retirement you desire.

    The key concept of paying yourself first, spending less and making small incremental improvements to your savings can have a big impact on your retirement funds.

    Although many people have heard these ideas before - spending less and saving more - I specifically like how David encourages readers to take action - to be thinking about ways to earn and save more (by reducing consumer debt, etc), even if you are getting a late start.

    As someone who is in the business of consulting with clients on a regular basis about retirement and achieving financial independence, I also try to encourage people - to convey the fact that it is never to late to achieve wealth. There are many wealth building strategies that people can implement to enhance their retirement.

    Overall, this book provides encouragement and motivation for those who want to achieve their dreams.


    Bill Griffith, Jr., CFP - Author of Securing a Retirement Income for Life

    ...more info
  • Great Book!
    I've liked all of David Bach's books, but really enjoyed this one. I'm probably too young to be the intended audiance for this book, but I figured if I'm young and read it, perhaps I'll get even richer! Very easy to read with lots of great ideas. I've already implemented some of them in my life! ...more info
  • A Good Section on Real Estate
    As someone who buys fix-up houses and rents them out, I read with interest Chapter 19 "Get Rich Investing in Real Estate ... On the Weekend." I think that the author describes, in a condensed form, exactly what anyone can do to be successful in real estate.

    In my opinion, the two safest ways to get into real estate, and the author describes each technique, are: 1) buy a home, rent it, then do it again, and/or 2) buy a home, live in it 2 years, then sell it without paying any federal taxes using the "homeowner's tax break." Over the past six years, my wife and I have used both techniques. We have several properties that we keep as rental properties and provide us with cash flow. In addition, we also buy houses in need of repair with the intention of selling them and utilizing the "homeowners tax break" to pay no federal taxes.

    My wife and I didn't sock away much money for retirement, but with our rental houses, we have a flow of income that will last as long as we keep the houses. Many people stay away from rental properties because they don't want to deal with renters. However, with practice anything is easy, including dealing with renters, and the rewards far outweigh the difficulties.

    If you really don't want to deal with renters, just use technique #2, where you buy and sell every two years. I like to say that technique #2 is for people who wear both a belt and suspenders, they really like to play it safe.

    Oveall, I thought the book was pretty good, and I especially recommend the sections on real estate investing....more info
  • There's hope for anyone!
    Excellent and informative. It got me really excited about planning for my future, even if you are at middle age. It really points out what you SHOULD know about your finances and how to find out what you don't know by giving you alot of links to look up. It was really helpful in explaining the 401k and how to invest for it. Mostly, I found it inspiring. It made me want to go out and be somebody!...more info
  • Down on Amazon
    I received a very old copy of this book which was in terrible shape. I tried to make a request to return back to the shipper but with no response and no help! The book I received was published in 1992! I feel that I got a bad deal and no assistance. No support from Amazon after multiple attempts. This was a real rip off with no ability to correct the problem!!!!!

    Overall rating would be less than 1 star. ...more info
  • Start Late, Finish Rich
    I just finished the book. Based on additional financial information presented in the book, I now have an action item list to finish rich with a late start. As far as the information on employment is concerned, I now have better direction on how to become a great employee and not just a good one. Answering the questions honestly provided me that direction. I will admit, I have to go back and really read the chapters on real estate. With owning my own home, I already have a head start.

    ...more info
  • Sometimes Useful, Occasionally Misguided Book
    It is important when reading any financial "how-to" book to fully understand the author's intentions.... what is their goal? To help you or themselves. This book is a mixed bag in that regard. As other reviews have pointed out, David Bach's programs are not so much about making you money, but enriching his own fortune.

    That being said, this book can be read judiciously and you can gleen some useful bits of information in his book, including his emphasis on saving now for retirement, even if you are getting a late start. This book is largely a repeat of his book "The Automatic Millionaire" (as are most of the other books he's written), only retooled for an older audience.

    I was disappointed with his investment suggestions. He recommends ETF's (exchange traded funds) over mutual funds... the problem is that unless you are buying your ETF's in bulk/large purchases, this is likely to be a more costly approach. Vanguard offers some of the best low-cost index mutual funds with much lower transaction costs than ETF's.

    His advice about paying off a home early is also suspect. If you locked in a mortgage in the 5 percent range, it does not make practical sense to pay it off early when you can make more on that money in CD's or even online savings accounts with ING or HSBC. I understand the "peace of mind" argument, but who every said I don't plan on paying off my house before I retire right on schedule?

    Overall, a decent book, but given it's misguided tendencies, I think there are many other better highly rated alternatives that are more worth your money (see the "Bogleheads' Guide to Investing", and the "Dummies Guide to Personal Finance" for example)....more info
  • EXCELLENT book!
    Previous reviewers miss the point. This book is for the over-40's who aren't financially literate, who haven't been setting aside retirement money since age 20, who sometimes lose track of where it all goes, and who don't have money stashed away in beachfront 2nd homes or piles of stock options.

    On the plus side, he clearly offers many investment specifics for the 40-plus wage-earner or newly-minted entrepreneur. He also suggests a variety of supplemental income sources to suit various lifestyles and temperaments (including eBay!). On the down side, he does tend to cross-reference to his other books which isn't helpful. If I'm reading this book, why would read another one of his that applies to 20-somethings?

    I like that he doesn't waste time scolding you for what you haven't done already, explaining an entire Economics 101 class, or assuming that you already have tons of investments and vacation property you can just shuffle around.

    Overall, I found this book very accessible, easy to understand, and (so far) easy to implement! ...more info
  • Start Late, Finish Rich
    This is a must have item. After reading the section on managing my debt, I was able to cut my credit card bill in half and negotiated a better rate with my credit card company. The minimum payment is lower now ($25 compared to $110)but I pay over a $100 monthly instead of the minimum. ...more info
  • Great Advice
    The book is well written and offers practical advice for anyone serious about getting their finances focused on their future. The book isn't enough to get you to the goal but is a fabulous starting point for the journey. I plan to by other books by David Bach....more info
  • Start Late, Finish Rich
    Received the book in a timely manner and it was in excellent condition....more info
  • A poorly written waste of money!
    If you have even the most basic knowledge of money or investing, don't buy this book. You will learn nothing new. The author does little more than take widely known, common sense, ideas and regurgitates them into endlessly redundant topics. He covers everything from basic savings to real estate investment but provides no real usable details or strategies to accomplish them. Telling you that a friend of his made $5.1 million on a real estate deal--that his friend admits was "really lucky"--isn't very useful if the only lesson learned is "if he can do it, so can you".

    On the other hand, if you have been living in a financial cave all of your life or have yet to figure out that saving money is better running up credit card debt, perhaps this is the perfect book for you....more info
  • One of best books I ever bought
    I took this out at the library several times until I finally decided to buy it since I knew it was a great book and one that really changed my life. It's excellent and practical. It changed the way I did things and I feel that my financial situation is much better for it and also more organized. I didn't realize much of what is in this book (things like don't pay off all your credit cards before buying a property, etc.). There is lots of advice out there and it's hard to know whose advice to follow - my advice is follow the advice in this book and you can't go wrong. He knows what he's talking about and it works....more info
  • An Inspirational Read
    Thank you Mr. Bach for a great book that should be inspiring millions. Too many people fall into crowd "enjoying" the latte factor and then find themselves facing bankruptcy. I've known quite a few.

    This book belongs in the hands of every college senior and should perhaps be required high school reading as well. Enjoyed it thoroughly, finding this both entertaining and instructional. I picked up a few tips, discovered nonessentials in my own budget and now I'm headed for financial freedom. Can you give me Amen brother? ...more info
  • This should be taught in high school
    David Bach is simply the best personal finance author out there today. I read his book the Automatic Millionaire and Start Late Finish Rich. If you want to be wealthy and good with money, these books will put you on that path. He does not preach get rich quick schemes, just good old common sense, that unfortunately too many people don't practice. Since following his wisdom, I have six figures in my retirement accounts, no debt and my home is almost paid off. And the best of all I did it without budgeting. You simply can't fail doing it his way. Give it a try, it will change your life. Good Luck....more info
  • It's Great
    David Bach has written a very good book. He explains in each chapter what each person needs to do in order to achieve fianancial freedom and financial security. There aren't any books that teach you each step of the way on how to accomplish this but David Bach does....more info
  • Another Must Read
    Ever read a book and when you're done, you literally slap your forehead with the palm of your hand and say, "Why didn't I think of that?" Well, that's precisely the experience you're likely to have after reading this book.

    While mulling over different ideas to not only provide a small supplement my early retirement income but to also engage myself in interesting and worthwhile activities I was intrigued by the title of Mr. Bach's book. Upon purchasing it I discovered that he writes in a simple, straightforward conversational style that is easy to comprehend and enjoy. Although I can't say his ideas are truly "new," he certainly articulates some of the most tried and true common sense financial truisms in a uniquely crystal clear manner.

    I wish I had written this book! Not to make money but because I believe that it will truly help thousands of people jump-start their financial plan. And helping people is what it's really all about. At least it is for me.

    Mr. Bach clearly demonstrates in tantalizingly minute detail the power of saving even small amounts over time and allowing the magic of compound interest to build your nest egg. He does that partly with his "latte factor" examples. His advice on debt reduction, real estate investing, and methods to increasing monthly income were very helpful.

    Don't be put off because the author promotes his website to sell you additional products. So what?! This book alone is a goldmine of tips. You're under no obligation to buy anything else - ever. Besides, if the book were truly helpful, wouldn't additional information from the author be interesting? Don't pass up a worthwhile investment in your financial education because of anyone's misguided ax to grind with capitalism.

    My only criticism is in his section on Franchising. It seemed out of character with the rest of the book. A person actually "starting late" and not merely wishing to supplement existing retirement income would not have the resources to purchase any meaningful franchise business to build wealth. It just didn't seem practical to me.

    Otherwise, you would do well to purchase this book and not only digest its contents, but put it to work! I highly recommend it as must reading.
    ...more info
  • It's fine...only for US
    After my reading, my truly disapointing was about it can't be applied in Brazil, due to several changes in our local laws....more info
  • Better in theory than in practice
    This was an interesting book. At first glance, I really liked it because it reviewed all of the basic economics that we should have learned back in grade school, but some of us didn't! I was rubbing my palms with excitement thinking of all of the different ways that I could save money until I put it down on paper and saw how difficult it would be to implement Bach's suggestions.

    Firstly, I concede that there are several areas where I could cut back financially, however, I'm not sure that I want to make the sacrifice right now. Give up hi-speed? Go back to the dark ages of dial-up where it takes me 20 minutes to send an attachment? Forsake caller ID when it saves so much time from my day not have to pick up calls from telemarketers or my friends who might want to chat for a half-hour when I'm in the middle of doing something else? Stop going to movies renting DVDs, or playing minigolf? Well, OK, I can cut back on those activities but eliminating them would certainly affect my quality of life.

    Most of what Bach said was extremely sound -- save more, spend less and make wiser investments. But this will work more effectively for someone who is regularly employed as opposed to a part-time worker or someone who works contractually. (Forget about those on unemployment and disability! It would also be really hard to follow for minimum-wage workers and people who are barely making ends meet.)

    Lastly, I don't know anyone who is making 10% on their returns unless they're involved in risky investments. I'm in Canada and most of the safer investments are yielding 2% - 2.5%. It's pretty hard to get rich that way especially when all of that money from your RRSP will be taxed when you take it out.

    My criticisms notwithstanding, I did enjoy this book. I will certainly think twice about all of my purchases from now on and question the idea of renting property versus owning.

    Sigrid Macdonald. Author of D'Amour Road....more info
  • Did it ever occurs to you?
    Hi,

    Did anyone ever think that by not buying the books and instead borrowing it from the library will help save some money?
    Especially if you are one of those people that loved to read about such topics.

    Did anyone ever find such authors telling you to save money by not buying wealth management or "how to get rich" books and borrow it from a library or friends?

    While you are buying up the books, guess who is getting rich :)...more info
  • Start Late, Finish Rich
    Frankly, I have not personally read ALL of my copy. The other copies were given as gifts & very well received & reviewed and that is how I based my 5 star rating(from them, the recepients)....more info
  • This is for people who have had their focus elsewhere
    This book is not for everyone. In fact it is for a small group of people. I believe that if you find yourself in your late 30's or older and have not set aside money for retirement this book will help kick you in the rear to get going. But it is not just motivation; it gives you several ways to really get going.

    As with anything you can say this book is better then that one. But I always think that those people are just pushing their own books or their companies books.

    As I said if you a business major this book is not for you. If you are someone who has always lived within their means and put money away this book is not for you. If you are young and believe in saving this book is not for you. But for those of us who have been focused on other things such as a career and found ourselves without proper savings it gives a good starting point. ...more info
  • The book alone is sufficient!
    Excellent advice and insight but just buy the books and dont get pulled in by the "extras" and websites etc.

    I was able to use the book as a guide to put together a simple but successful personal financial plan....more info
  • Smart, Simple, Practical, Common Sense Savings/Investing
    This book is simple straight forward savings and investing advice. An easy read that is hard to put down....more info
  • This is for people who have had their focus elsewhere
    This book is not for everyone. In fact it is for a small group of people. I believe that if you find yourself in your late 30's or older and have not set aside money for retirement this book will help kick you in the rear to get going. But it is not just motivation; it gives you several ways to really get going.

    As with anything you can say this book is better then that one. But I always think that those people are just pushing their own books or their companies books.

    As I said if you a business major this book is not for you. If you are someone who has always lived within their means and put money away this book is not for you. If you are young and believe in saving this book is not for you. But for those of us who have been focused on other things such as a career and found ourselves without proper savings it gives a good starting point. ...more info
  • Useful Advice for Those in Their 30s and 40s with Little Savings
    I have not read any other books in this series, but the subject matter of this book appealed to me. I often run into people who (for various reasons) don't have much liquid wealth going into their 40s. Yet I haven't seen much written to suggest what these folks should do. I was hoping to get some ideas to share. Unfortunately, I didn't really find any that I didn't know about already.

    If you are over 50, this book won't provide you with the advice you need. The intellectual process that Mr. Bach went through was to take the familiar arguments about the power of compound interest and saving with pre-tax dollars . . . and think of a few ways to shorten up the number of years required for compound interest to do its thing on your behalf. His best suggestions outside the standard financial planning advice are to be more valuable at work so you can earn more raises and promotions . . . and paying down your mortgage a little faster than is required.

    I applaud his advice that people spend less on things that don't provide much benefit . . . but most people are going to be demoralized if that's the main source of increased liquid wealth. After all, most people want wealth not for retirement . . . but to enjoy life before and after they retire.

    I found his arguments about starting your own business to earn more money to be naive at best . . . and overoptimistic at worst. Buying and running . . . or starting and running a business requires a lot of hard work and skill. Most successful entrepreneurs are off doing this by around age 35. Most people at 49 will find it a tough hill to climb. I applaud Mr. Bach's suggestion that people look into buying, operating, expanding and then selling franchised operations that meet his criteria. The other ideas won't work for most people based on historical averages.

    I was also puzzled by his emphasis on having one-third of your liquid financial wealth in bonds. That's been one of the lowest returning classes of investment over the last 150, 100, 50, and 25 years. Why deliberately earn less when you have a long time horizon?

    Much of the appeal of this book is that Mr. Bach is optimistic by nature, has a kindly interest in people and aspires for people to accomplish more. Bravo for that attitude!

    I also found that Mr. Bach uses quantitative examples to explain compound interest and pre-tax versus after-tax investments much better than most financial planners do.

    If you are under 45 and have never read a book about financial planning before, you will find this to be a valuable resource. If you are familiar with financial planning, you can skip this book. If you are not inclined to plan, don't know anything about financial planning and find math to be challenging, this book will provide useful new perspectives for you. ...more info
  • Phenominally comprehensive!
    This book is so packed with practical, useful information and recommendations that there is nothing else to compare it to. I know of multi-thousand-dollar financial seminars that don't provide half of the financial education this book provides. I am far from a novice, and this book taught me a lot. This book covers everything from very simple (and yet quite good) fund investment strategies which take very little time, to in-depth understanding of the direct and indirect tax benefits of real estate investing. Perhaps the most important thing about this book is that the author is so well versed in the subject and so generous at the same time. This book is not written as a teaser for some follow-up multi-thousand-dollar seminar. It has all the info in it, for less than $20!...more info
  • Start Late but START TODAY!!!
    Bach writes in a non-technical and conversational tone. If you would like to have $10,000, $100,000, or $1,000,000 in your golden years, only YOU can put it there. The best time to start is TODAY. Bach can show you ways to make those dreams a reality but it's really up to you to do the work. This book is not going to fly into your hands by magic. Buy it now!!!
    ...more info
  • Practical money mgmt advice is more valuable than ever
    Bach takes a long time to make a point, and he repeats his points ad nauseam, but the core financial advice [in all of his books] is inarguably practical, easy to understand, and very helpful when applied....more info
  • great for any age!
    Everyone should read this book who is over 30! Bach gives a great blueprint for achieving financial independence. Read "The Instant Millionaire" also. ...more info
  • Start Late, Finish Rich
    This remarkable book is no 1 USA Today, Business Week, New York Time and Wall Street Journal bestseller. No matter who you are or what your income is, you can benefit from this easy-to-apply program. When you do it David Bach's way, failure is not an option. Even if you're in your thirties, forties, fifties - even your sixties and beyond, you 've still got an opportunity to put your life on the right track financially and stop worrying about the future. To save is not a sprint. It is a marathon. You need to build up gradually. You've got to start slowly. You need to keep it simple. A lot of people didn't do anything because they believe that the cost of taking care of their families too high and their incomes too low. In this book, David Bach teaches you how to transform your dreams into reality and fulfill your desires for financial freedom. It consists of 5 parts and contains topics such as: how to transform your debt into wealth; how to get rich in real estate in the weekends; how to start a home-based business and increase your income on the side; how to use Bach's simple "Perfect Pie Approach" to wealth - so that you catch up getting rich without too much risk; why your dreams don'tn have deadlines; and above all, it includes dozens of stories of real people who started late and are living rich now. If they can do it, you can too. Digest this book and you will have no problem achieving financial freedom at any age. ...more info
  • Great Source of Information
    I found this book to be very informative and easy to read. I highly recommend it to anyone who like me feels a little lost when it comes to investing and financial planning. I love the clear, concise and no nonsense style of this author. I recommend all his books....more info
  • It's Never Too Late
    As a financial planner I often run into people who haven't saved enough for retirement and are discouraged because they think it's too late. David Bach proves it's never too late. This book will inspire you to save for the type of retirement you ultimately want.

    Matthew Tuttle, author of "Financial Secrets of my Wealthy Grandparents"...more info
  • Automatic Millionaire on steroids
    I'm a big fan of David Bach. Yes, his basic message overall is "Spend Less and Save More." The negative reviewers are correct about that. Yet because so many people have little or no savings or no plan for their retirement, it's obvious the message is not getting out in a way that's useful. David's books solve that problem.

    I consider the Automatic Millionaire the starting point. It instructs everyone on just how to get started saving for retirement and other important things. It explains the basics on how to get rich slowly. It motivates you to start, and lastly it tells you exactly how to do it. That's the message that's so important. I wish everyone who is not really doing much to plan for their retirement, or who doesn't really have any financial plan, would read Automatic Millionaire.

    Now on to Start Late, Finish Rich. This book continues the messsage of the Automatic Millionaire, but tailors it for those who are starting late. It emphasizes the importance of cutting back on non-essentials and saving that money while showing you a fairly safe but profitable way of doing so. It also provides many more ideas and options for increasing your income, so you can save more. It also emphasizes the importance of home ownership, preferrably multi-home ownership.

    Was every tip and idea to increase your income golden? Heck no, everybody's different, and while one or two may be suitable for you, others will be suitable for others. What David is trying to do is to get you to think about other ways you can help yourself by throwing lots of different ideas at you. In areas where he has had experience, he also gives you basic advice and tips.

    Do yourself a favor. Read the Automatic Millionaire. If you like it and you are starting late, then read Start Late, Finish Rich too. ...more info
  • Rah, Rah, Sis-Boom-Bah...... yuck.
    This book is just a rewrite of Mr. Bach's other Finish Rich books. The book presents methods someone could use to save for a comfortable retirement. All the ideas discussed are common sense items which can be found in many other places. The ideas themselves, without the cheerleading style, could be discussed in a book half it's size.

    If you need the cheerleading touchy-feely style to get you to consider the methods in the book, then you might consider buying ONE of Mr. Bach's books, the one that most applies to you. There is no need to waste money on the rest of his books... you'd just be reading about the same ideas all over again.
    ...more info
  • Hardly Even Worth Reviewing
    Disclosure: I have not read this book.
    Really, though, if you need to buy a book to tell you that the best way to prepare for retirement is to make more money and not spend it, you are beyond help. (I would also recommend going to the racetrack and betting on the winning horses.)
    If you fell for the magical belief in diversification that permeated the financial field before 2009, join the club--but don't spend good money for more of the same.
    Giving money to those less fortunate is good karma, but not basic financial advice....more info
  • Quick to action financial to-do's
    I applied David Bach's suggestions on dealing with consumer debt and managed to reduce my credit card interests in half AND get rebated $300 in charges as a result of some negotiating. Then I tackled pairing down my money spending through coupons, loyalty deals, and a whole host of other living expense reduction tips. It's incredible what Bach has learned and is sharing. This is a nuts and bolts pure action plan. Highly helpful and a great reinforcing of positive wealth habits.

    If you are considering going to the Millionnaire Mind Intensive with Harv Eker - do not bother! Just read David Bach's tips for either Canadian or US residents and save your time and avoid Eker's gimmicks....more info
  • Love These Finish Rich Books
    I absolutely love all David Bach's Finish Rich Books. Read it, it's a must....more info
  • The Latte Factor is the Real Deal......
    Yes, I did experiment with one of David's many suggestions: it is not what you make but what you spend. I looked hard at my spending and within 2 weeks I was able to cut $262.00 from my spending. This book is a mini-encyclopedia, a mini "cliffs notes" to those of us who are on the last train to financial independence. It has challenged me to put the metal to the peddle and educate myself on the financial instruments available to me to play catch-up. I intend to read it again with a notebook so that I can note all of the websites that are given, so I can see for myself what I can now do for myself. Before I read this I thought that it was impossible for me to reach my goal, but now I see that it is possible, just with what I have....more info
  • Great information,easy to read and understand
    This book is the one to read if you want many different angles on how to finish rich even if you start late. It is very basic, so may not be for readers already very advanced in personal finances but is a 5 star reference for beginners or just a great refresher course for the advanced. He covers the importnace of owning your own home,the importance of saving weekly in a 401K,he explains the opportunities in business, ebay, being self employed, and much more. What I love about this author is he breaks down the numbers, he gives you tables so if you save $20 and invest in the stock market,it averages 10% so you will get this much.Also he explains how simple it is to find money in your budget by having coffee at home instead of spending the $3 a day out or decreasing eating out etc.Well worth the money....more info
  • It's always too late if you don't do something
    I was interested to read others' reviews of David Bach's book, Start Late, Finish Rich. Those who wrote negative reviews seemed to feel very strongly that the book was worthless. A few were in the other camp, proclaiming its value even over and above other wealth-building books and seminars.

    It seems to boil down to this: yes, the author relates principles that are timeless, and in most cases have been presented in classics like George Clason's, "The Richest Man in Babylon," "Think and Grow Rich," et cetera. If readers are not inclined to change their spending and saving habits, as several reviewers wrote that they weren't, then nothing will change for them. Mr. Bach has managed to present these concepts in easy to digest action steps that anyone can do. (Anyone who decides to act, that is.) These are illustrated by real-life anecdotes that are easy to relate to, for most of us who wonder if it is too late.

    As one who read "The Richest Man in Babylon" at an impressionable age, I have had times when I successfully followed my saving and investing plans, and other times when necessity required those plans be temporarily shelved. If you're over forty, or way over forty, it really is not too late to improve your financial picture. Most Baby-boomers think they're going to live forever. Even if that's not true, these methods can make the second half of your life much more comfortable and secure....more info

 

 
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