This book is full of great information on high to prioritize your financial life in terms of debt reduction, retirement saving and other saving. But the advice assumes the reader has a fair amount of discipline (i.e., ability to budget and constrain extraneous spending). The book goes into great detail on how to balance debt reduction with maintaining financial flexibility, maintaining good FICO scores, etc. But far too many people who are deeply in debt (and seeking help from books like this) have a spending habit that needs more drastic surgery than this book gives. So, I would say this book gives outstanding advice, but only for a subset of the public who have the right discipline. For many folks, the more drastic “surgery” advocated by cheerleaders like Dave Ramsey will be more effective.
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I bought three debt books the last time I was at Amazon. They were all good, but this was the most comprehensive in easy to read format and sentences that it made things easy to develop a plan from this book. I already passed it on to two other people.
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July 20, 2011 
2 Comments
great information – but use with caution,
This book is full of great information on high to prioritize your financial life in terms of debt reduction, retirement saving and other saving. But the advice assumes the reader has a fair amount of discipline (i.e., ability to budget and constrain extraneous spending). The book goes into great detail on how to balance debt reduction with maintaining financial flexibility, maintaining good FICO scores, etc. But far too many people who are deeply in debt (and seeking help from books like this) have a spending habit that needs more drastic surgery than this book gives. So, I would say this book gives outstanding advice, but only for a subset of the public who have the right discipline. For many folks, the more drastic “surgery” advocated by cheerleaders like Dave Ramsey will be more effective.
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|The easiest to read, most comprehensive debt book ever,
I bought three debt books the last time I was at Amazon. They were all good, but this was the most comprehensive in easy to read format and sentences that it made things easy to develop a plan from this book. I already passed it on to two other people.
Was this review helpful to you?
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