Start Over, Finish Rich: 10 Steps to Get You Back on Track in 2010

What did the recent Wall Street meltdown do to your retirement savings? If yours is like most, you probably lost close to a third of its value between late 2007 and early 2009. This setback has led many to cut back their contributions, or worse yet end them entirely. I work in Human Resources, and at my company several employees have actually cashed out their 403b entirely, in spite of the penalties. A 2009 survey by AARP found that four of ten workers said they had cut back their contributions. David Bach, author of nine consecutive national bestsellers, says "Giving up like this is one of the worst things anyone hoping to finish rich could do - and it's hard to think of a worse time than right now to be doing it." Why? Mr. Bach tells us that we couldn't pick a better time than now to recommit to our retirement savings, given that an economic surge usually follows a deep recession. And judging from the recent upswing of the Dow, I would say he's right. Ups and downs are normal in the stock market. When the market is down, it is like a sale at your favorite department store ... it's time to buy. During a five month period in 2009, the Dow experienced a 38% increase, right after many people cut back on or cashed out their retirement plans. Did they miss an opportunity? You bet they did. David Bach believes that 2010 will be the best opportunity for building wealth that we have seen in decades. And as the economy recovers, you have to be in the market to win. So if you're one of the millions who cut back back or eliminated entirely their retirement contributions, it's time to admit you made a mistake and increase your contributions RIGHT NOW! In addition to retirement and the market, Mr. Bach also includes tips on dealing with credit card debt, fixing and protecting your credit score, rebuilding with real estate, and my personal favorite ... twenty-five ways to save $5,000.00. Do you know you can save $2,250 by bringing your lunch to work? I love the story of Mr. Bach's grandmother, who brown-bagged her lunch when she worked at Gimbel's department store. She invested the money she saved from not eating out and became a millionaire! I'd say Grandma Bach left her imprint on her grandson, wouldn't you? When it comes to success in life, we don't have to have the highest IQ ... we just need to get educated. So a good step right now is to buy this book and read it. Get yourself on the fast track to a comfortable retirement. Mr. Bach believes that "the post-recession period we're in now offers a once-in-a-lifetime opportunity to build wealth and start over." You'll never know unless you get your feet wet. Let opportunity guide you, not fear.

Due to the current economy, many people are finding themselves starting over and wondering if they will be able to retire or even get by. This great book by David Bach shows you all the great moves to make, regardless of your current income or financial status. While some authors write 1200+ page books of totally useless information, David provides real workable and proven techniques in an easy to read format. Don't just read it, use it. You'll be glad you did.

This book has something for everyone. I am in good financial shape but 90% of the people I know are not. People that make 6 and 7 figure incomes owe money on their credit cards and are not auto saving. David has alot of the basics that most people are just not doing. The book is simple, as many others have commented but I think that is the secret. It doesn't come off as complicated or too hard to apply to anyone's life. This is a great book for a young person starting out or a child or even a friend that has been on a downward spiral. I recommend it highly. I was fortunate enough to receive a complimentary copy through Smile.ly--but I plan on buying it for at least 2 friends and a family member in desperate need of the advice from this wise and straightforward book.

First, let me say that this book makes sense and there is nothing in it that I disagree with. Having said that, if you already own The Automatic Millionaire and you are do not need a motiviational kick in the pants to keep going during this gut wrenching recession, then my advice would be to do the plan from the Automatic Millionaire and you will finish rich. In my opinion, The Automatic Millionaire is the best book on Personal Finance and the best plan I have come across. I have read many books on the subject, but for my money The Automatic Millionaire really is a no fail plan. However, if you are like many poeple I know (including myself), although you will probably not learn anything new from this book, the motivation that this book provides to get back up after losing faith in the system is more then worth the price of this book. This book has many, many excerpts from his other books, it really is the best of put into 10 steps. I love David Bach and he really is motivational, but I notice he does rehash a lot of material from other books. If you do not own The Automatic Millionaire, buy this book and follow it. It makes sense, is easy and gives you all the tools and material you need to finish rich. In a world full of World Street hucksters, David Bach's common sense and ease of use is a breath of fresh air.

This is the book and the plan a LOT of people need right now! I rarely endorse another author or book but I think David's book should be in the hands of everyone this year. He's exactly right that we need to fix the huge mistakes many of us made in 2009 and that it's time to get back on track to wealth. This book lays out the exact path you need to take. I was surprised at how much detail there is on how to do that, all wrapped up in a small and readable book. I highly recommend it. - Brendon Burchard, author of Life's Golden Ticket: An Inspirational Novel. (Full disclosure: I interviewed David on my blog and had him speak at my Experts Academy seminar. I think he's a really great guy. I've learned a lot from him and my audiences loved him).