David Bach is the author of the best selling book The Automatic Millionaire, which I highly recommend. I finally got around to reading his follow up book, Start Late, Finish Rich. I ordered the book second-hand from Amazon Marketplace and I paid about 50 pence for it, plus shipping costs. Its a book I've seen recommended by many money seekers. It was a nice fast read, and I got through it in 2 days.
The books covers budgeting and getting out of debt, as well as property and stock-market investing. It does not cover these subjects in massive debt, but keeps them simple. Many people think its too late to start a plan of financial freedom, but David Bach shows that it is never too late.
The downsides are that chapter 17 recommends direct selling (multi-level marketing aka pyramid schemes) which as far as I am concerned is a con. Also, it could be argued that maybe the book is too simple, but surely life is too short to spend deliberating over more complex financial strategies. Also the book is American so a good portion of it only applies to American laws and investments, however by thinking about it, I can still see parallels where certain strategies might work well in the UK. The best books on finance are usually American.
The chapters on investing in property particularly stood out to me, as it gives good mathematical and anecdotal examples as to why property investments are always a good idea. Home-owners get rich, while renters stay poor.
The strengths of the book are its simplicity. Too many finance books are overcomplicating readers these days, so its refreshing to see a book that is short, simple and straight to the point.
3 and a Half stars out of 5 for Start Late, Finish Rich.
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