David Bach

David Bach is a financial advisor and author of many popular books, such as 'The Automatic Millionaire', on the topic of money management. David Bach's books regularly hit the best seller lists and stay there for several months. He is also the creator of the Finish Rich brand of financial education materials and seminars.

Many people simply want to know how helpful David Bach's advice and strategies are, before they follow his system. I've read some of his books and many of them are very similar in nature.

David Bach encourages simple and sound financial advice in terms of saving money and investing in real estate. Many of his books share the same advice and his first book, 'Smart Women Finish Rich' is regarded by me as the best and only necessary David Bach publication.

David Bach's advice might benefit young couples and first time homeowners. He urges people to keep track of their expenses, minimize superfluous spending, and think long term i.e. invest in a 401k or an IRA.

One criticism I have for some of David Bach's real estate advice is that, like many other gurus, he simplifies how easy it is to get rich from real estate by assuming real estate is always rising in value and advising to buy property at all costs.

David Bach's advice worked for the real estate boom in the late 90's and early 2000's, but the real estate market has slowed recently and tactics such as getting 'interest only' mortgages may not work nearly as well anymore.

Overall, David Bach shares fundamental advice and tips for saving and handling money. To some people his books may come of as common knowledge and lacking in specific advice, but others may find it to be the financial wake up call that they've been looking for.

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Customer Reviews for 'David Bach'

Comments to date: 4. Page 1 of 1. Average Rating:

l c, canada	Posted at 6:32am on Wednesday, August 20th, 2008
i am giving david bach a rating of 3-fair because although some of his advise is excellent he forgets to give all the information. example, he says to buy houses to rent out and become a landlord. well i have been a personal witness to some of these houses. he forgets to tell people that they have to keep these houses up. proper repairs need to be made to them not band-aids applied. my son and his family rented a house from one of these people trying to get rich by doing this. they had pipes freeze in the winter which meant no water and the owner would just thaw the pipes enough to get water moving and some other dangerous tactics. my son and his family had to go to legal means to resolve all of the other problems after awhile. this person owned about 15 houses and had many of the same problems with them but few people would step up because they where poor and scared of being kicked out on a moments notice as this person threatened to do. so with being a landlord comes alot of responsi... read more »
Marybeth, Buffalo,NY	Posted at 11:19pm on Monday, May 12th, 2008
"Start Late,Finish Rich" is my favorite book of David Bach's. I'm a real estate broker associate and that's the book I give to potential clients and as a wedding present along with some seed money. I also like Suze Orman's "Women & Money" book. Friends & I are doing her "Save Yourself" money market investment account offer through TD Ameritrade and I am very pleased with that and the investment education and advice that gets e-mailed once a month (all free with interest paid to me) I recently got an offer to apply for what sounded like a "free" opportunity to join David Bach's coaching program. I read the comment from Wendy on this site and got curious as to the cost. Three phone "interviews" and 4 hours later I finally found out the "tuition" costs for coaching. Ready...$3,500-$8,500 depending on the option you pick! I feel pretty certain they would give proper coaching on how to earn that back OR INSTEAD you could read David Bach's book, follow his advice especially on the "latte fa... read more »
Wendy, CT	Posted at 7:09pm on Wednesday, May 7th, 2008
We looked to David Bach's coaching group because we needed help and guidance, but what we heard when we were asking for this help was the counselor looking to boost our credit limit, because they wanted more money for their "tuition". We felt very violated, and misguided by their rep. It is a shame that vulnerable people look to them for help, share personal information and then are taken advantage of...
Mike Perez, California	Posted at 3:19pm on Thursday, December 13th, 2007
David Bach is a decent financial adviser. He speaks the truth and is easy to understand. Although you might need some further reading after you start putting his concepts into effect. I recommend his books to anyone who is seriously trying to get ahead in life.