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Start Late, Finish Rich: A No-Fail Plan for Achieving Financial Freedom at Any Age
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Sales rank 142,741
Customers rating (based on 98 reviews)
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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 – 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 – 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 – there is still hope.You can get rich in real estate – by starting small.Find your “Latte Factor” – and turbo charge it to save money you didn’t know you had.You can start a business on the side – while you keep your old job and continue earning a paycheck.You can spend less, save more and make more – 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.
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| Publisher | Broadway | | Release date | 01/2005 | | Availability | Usually ships in 24 hours | | Edition | Hardcover |
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 There are a few nuggets here, but read it with a grain of salt.
There are a few nuggets here, but read it with a grain of salt. In light of our recent lessons learned in the mortgage markets, much of the advice seems downright irresponsible. For example:
p 139 [2005 edition] "Is the real estate bubble about to pop? While no one can answer these questions definitely, what we know from history is that there has really never been a national real estate bubble." hmm...
Much of his investing and real estate advice is shaky based on faulty assumptions like that.
The book is good for its motivational factor, but please do some additional research before you dive in and follow his advice blindly.
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.
 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.
 If you find yourself struggling to make ends meet, this book will help
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 are paying monthly payments on credit card accounts and other short term loans, people who feel like they have too many expenses or feel like they are in over their heads in bills, this book will give guidance. It is helpful for those who are seeking a method to plan for retiring. If you find your savings accounts with the 'low fuel' light on, this is the "AAA" equivalent of getting your finances kick started on your trip to better financial security.
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 some key points to get out from under a heavy load of liabilities.
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. This book, however, is more of an introduction to summarizing major investment vehicles, rather than offering a definitive method of managing your assets.
There are other books that will help you in your investing quest like the books listed below:
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)
MAKE MORE
The author outlines methods of how to increase your income stream, and some topics are covered as more of a primer to get you started.
Another
Small Business Ideas: 400 Latest & Greatest Small Business Ideas
SUMMARY
This is a good primer on getting your finances turned around. It is more of an introduction on how to get started.
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.
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