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The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich

This book provides a practical approach to financial planning, emphasizing the importance of setting up automatic systems to manage money effectively. It outlines a one-step plan that focuses on building wealth through disciplined saving and investing habits. more

Author

David Bach
David Bach

David Bach is a renowned American personal finance expert and best-selling author, born on November 19, 1966. He is known for his unique financial concepts and practical methods for wealth accumulation, dedicated to helping people achieve financial freedom. more

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“Perhaps there is no better illustration of the ethical impotency of the modern church than its failure to deal with the evils and ethical problems of stock manipulation. Millions in property values are created by pure legerdemain. Stock dividends, watered stock and excessive rise in stock values, due to the productivity of the modern machine, are accepted by the church without murmur if only a slight return is made by the beneficiaries through church philanthropies [1927].”

“Each of the atoms composing what we call the Wealth of Nations owes its value to the fact that it is a part of the great whole. [. . .] Millions of human beings have laboured to create this civilization on which we pride ourselves to-day. Other millions, scattered through the globe, labour to maintain it. Without them nothing would be left in fifty years but ruins. [. . .] Science and industry, knowledge and application, discovery and practical realization leading to new discoveries, cunning of brain and of hand, toil of mind and muscle — all work together. Each discovery, each advance, each increase in the sum of human riches, owes its being to the physical and mental travail of the past and the present. By what right then can any one whatever appropriate the least morsel of this immense whole and say — This is mine, not yours?”

“The definition of money as the sublime good--because it can be turned into all other goods--results in the depreciation of all values that do not pay. What is moral is what returns a profit and satisfies the judgment of the bottom line. Freedom comes to be defined, in practice if not in commencement speeches, as the freedom to exploit. This commercial reading of the text of human natures gives rise to a system that puts a premium on crime, encourages the placid acquiescence in the dishonest thought or deal, sustains the routine hypocrisy of politics and proclaims as inviolate the economic savagery otherwise known as the free market or freedom under capitalism. It is no accident that in a society that presumes a norm of violence, whether on the football field or in the conduct of its business, people speak of deals as "killings.”