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| Start Late, Finish Rich: A No-Fail Plan for Achieving Financial Freedom at Any Age (Finish Rich Book Series) | 
 enlarge | Author: David Bach
Publisher: Broadway
Category: Book
List Price: $14.95
Buy New: $4.00
You Save: $10.95 (73%)
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Avg. Customer Rating:  92 reviews
Sales Rank: 11074
Media: Paperback
Number Of Items: 1
Pages: 368
Shipping Weight (lbs): 0.2
Dimensions (in): 7.7 x 5.2 x 0.9
ISBN: 0767919475
Dewey Decimal Number: 332
EAN: 9780767919470
ASIN: 0767919475
Publication Date: January 2, 2006
Availability: Usually ships in 1-2 business days
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Product Description
David Bach has a plan to help you live and finish rich—no matter where you start So you feel like you’ve started late?
You are not alone.
What if I told you that right now as you flip through this book, 70% of the people in the store with you are living paycheck to paycheck?
What if I told you that the man browsing the aisle to your left owes more than $8,000 in credit card debt? And the woman on your right has less than $1,000 in savings?
See? You’re really not alone.
Unfortunately, the vast majority of people who’ve saved too little and borrowed too much will never catch up financially. Why? Because they don’t know how.
You can start late and finish rich—but you need a plan.
This book contains the plan. It’s inspiring, easy to follow, and is based on proven financial principles. Building a secure financial future for yourself isn’t something you can do overnight. It will take time and it will take work. But you can do it.
I know. I’ve helped millions of people get their financial lives together—and I can help you. Spend a few hours with me—and let me challenge you. Give me a chance to become your coach.
Just because you started late doesn’t mean you are doomed to an uncertain future. Whether you’re in your thirties, forties, fifties, or beyond, there is still time to turn things around. It’s never too late to live and finish rich. All it takes is the decision to start.
—David Bach Is it too late for me to get rich? 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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| Customer Reviews: Read 87 more reviews...
 Don't Waste Your Money! January 25, 2005
553 out of 655 found this review helpful
David Bach is in the business of making money, not of helping people. As soon as he has you figure out your "Latte Factor" (the way you overspend without realizing it -- like buying daily lattes), he draws you to his website where he tries to sell you more books, tapes, CDs, etc., directly threatening that Latte Factor. Please don't be fooled by this man's intentions.
If you're forty, in excellent health, live in an affordable neighborhood, and plan to spend your life making money, this book will probably work for you, although there is nothing here you won't find in a hundred other books on personal finance. Try "Rich Dad, Poor Dad." It's an easier read.
David Bach does not consider people on fixed incomes, those with health issues, people who are required to stay in certain locations because of work, and those of us who simply do not want to give up the treat of one movie a month in order to devote our existences to Making More Money.
Mr. Bach really doesn't intend this book for anyone over forty . . . maybe forty-five. If you're in your fifties or sixties, this book will most likely frustrate you and make you feel like a failure, unless you've got a prime job and a nice nest egg already begun.
The author sees the world of the middle-and-lower classes through rose colored glasses. His answer to credit debt is to just get on the phone, call your creditors, and "talk them into" lowering your rates so you can pay your cards off sooner. If any of you have tried this you know it's easier said than done. Mr. Bach denies the fact that he really does expect everyone to give up lattes, movies, dinners out, and other treats . . . except for his book. That's an "investment." The author also seems to think that everyone lives in a neighborhood where foreclosures are nice little homes in the suburbs rather than shacks built on gang turf. He gives false information about IRAs; he is simply wrong in his figures. The author further thinks that all of his suggested investments will bring you a ten percent profit. I've been watching a couple of his favorite funds, and they're not all that stable. He also expect those of us who're growing older and less energetic to take on second jobs, including franchises. And of course everyone must get into the real estate game. I don't know how many hours a day are on Mr. Bach's clock, but my middle-class clock only gives me twenty-four.
To shorten this up, please believe that there are many many assumptions and descrepancies in this book. People with any sort of limitations fall right through the cracks. So unless you are in very early middle-age, are in perfect health, and plan to devote your life to dying with the thought "Hey, at least I'm rich!", please forego this book for one that's easier on the ego and nerves.
I stood in front of our local bookstore and gave my copy of "Start Late, Finish Rich" to the first over-fifty customer who walked by. He said he'd pass it on.
 How to get rich is to write a book about it January 7, 2005
245 out of 300 found this review helpful
Bach does indeed give a common-sense approach to money management - but that's the problem. Spend less and save more, he says, and most of us heard this from the cradle. If you know nothing about budgeting, investing, credit control, and responsible spending, this book is for you, but there's really nothing in it that most of us haven't heard before. Might be useful for young people just getting started, but not really for people late in life. We've already heard it and if folks who don't get it by now probably won't just from reading this. I DO highly recommend Suze Orman's "The Money Book for the Young, Fabulous and Broke." It's aimed at 30- and 40-somethings but has practical advice for anyone
 Financial Planning for middle aged and older folks January 9, 2005
69 out of 88 found this review helpful
This book is full of advice on how to save money, how to invest, why it is good to buy a home vs renting, why you should fund your retirement plans at the same time you are paying down your debt, and even how to get a raise by becoming a GREAT employee (vs a mediocre one) or start your own business. I enjoyed the chapter on giving (known in old-fashioned times as tithing) because opening up your heart to give, opens you up to receive.
The book was not as easy to read as some of David Bach's other books. For instance, his "Smart Women Finish Rich" basically changed my young adult views of money, and I've given "Smart Couples Finish Rich" to all of my friends when they get married. "The Automatic Millionaire" is still a fairly easy read, with stories and basic how-to advice. "Start Late, Finish Rich" is full of even more advice than the others, but it doesn't flow as well.
Also, I wish it had more advice on how to help kids learn about money, and how to set up college savings accounts or UGMA/UTMA accounts for them. There is just one brief chapter dealing with this. I also wish it had a bit more on estate planning, bu then there are other books for that. This is about becoming secure yourself.
I'm 33, so this book is really targeted for folks maybe a decade older than myself. If you are in that age group or older, this is the book for you. If you're my age, his other books are better, unless you're just curious about finances in general or want to give it to your parents. I'm giving it 5 stars, because the book fulfills its basic idea of "Start Late, Finish Rich" even though I'm not the target population. I still learned from it.
I find that David Bach's books become deeper and he has more life insights with every book. I also specifically like his encouragement of our dreams, he describes people who squash your hopes as "dream stealers" instead of "dream creators" which are phrases that I will remember for my everyday life. David Bach is a "dream creator" who will help you dream big, and give you the tools to help make it happen.
Unrealistic January 26, 2005
42 out of 58 found this review helpful
My wife and I consider ourselves average fiftysomethings. I'm a Vietnam vet, and have taught school for thirty years. I have some minor heart trouble. We've got an IRA and a money market account, but never played the stock market. My wife was a magazine editor, but can no longer work due to medical problems. We have two grown kids. We live in San Francisco. Average, normal people.
We read Mr. Bach's book together, and found nothing new in it. Our latte factor is virtually nonexistent because we budget (something Mr. Bach disapproves of), and keep running expense envelopes in our dayplanners. Even with the help of the V.A., we can't afford a house here; we'd have to move North and I'd lose my job. It would be impossible for us to buy and sell real estate, because it would require me to leave my wife at home alone on weekends. Besides, I'm too darned tired to work a second job.
To sum up, we bought this book because it claimed to be written for us older folk. It wasn't. We have financial and physical limitations that make Mr. Bach's utopian ideas impossible for us. (The friends we loaned the book to agree with us, because they're in the same boat.)
Mr. Bach just doesn't realize that as time runs out, so do financial, energy, and other resources. If you've ever read a book on personal finance, don't waste your money on another one full of the same darned stuff.
Useful Advice for Those in Their 30s and 40s with Little Savings December 10, 2005
40 out of 41 found this review helpful
I have not read any other books in this series, but the subject matter of this book appealed to me. I often run into people who (for various reasons) don't have much liquid wealth going into their 40s. Yet I haven't seen much written to suggest what these folks should do. I was hoping to get some ideas to share. Unfortunately, I didn't really find any that I didn't know about already.
If you are over 50, this book won't provide you with the advice you need. The intellectual process that Mr. Bach went through was to take the familiar arguments about the power of compound interest and saving with pre-tax dollars . . . and think of a few ways to shorten up the number of years required for compound interest to do its thing on your behalf. His best suggestions outside the standard financial planning advice are to be more valuable at work so you can earn more raises and promotions . . . and paying down your mortgage a little faster than is required.
I applaud his advice that people spend less on things that don't provide much benefit . . . but most people are going to be demoralized if that's the main source of increased liquid wealth. After all, most people want wealth not for retirement . . . but to enjoy life before and after they retire.
I found his arguments about starting your own business to earn more money to be naive at best . . . and overoptimistic at worst. Buying and running . . . or starting and running a business requires a lot of hard work and skill. Most successful entrepreneurs are off doing this by around age 35. Most people at 49 will find it a tough hill to climb. I applaud Mr. Bach's suggestion that people look into buying, operating, expanding and then selling franchised operations that meet his criteria. The other ideas won't work for most people based on historical averages.
I was also puzzled by his emphasis on having one-third of your liquid financial wealth in bonds. That's been one of the lowest returning classes of investment over the last 150, 100, 50, and 25 years. Why deliberately earn less when you have a long time horizon?
Much of the appeal of this book is that Mr. Bach is optimistic by nature, has a kindly interest in people and aspires for people to accomplish more. Bravo for that attitude!
I also found that Mr. Bach uses quantitative examples to explain compound interest and pre-tax versus after-tax investments much better than most financial planners do.
If you are under 45 and have never read a book about financial planning before, you will find this to be a valuable resource. If you are familiar with financial planning, you can skip this book. If you are not inclined to plan, don't know anything about financial planning and find math to be challenging, this book will provide useful new perspectives for you.
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