Zero Debt: The Ultimate Guide to Financial Freedom 2nd edition
July 18, 2011 
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Category: Debt Kindle Books
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July 18, 2011 6 Comments
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Bling, Bling and Broke No More – Hooray for Zero Debt!,
After taking Lynnette khalfani’s Zero Debt workshop at the Learning Annex I was convinced that even I could turn my financial life around. During her workshop, she guided us through a number of techniques to help improve our credit ratings, handle existing creditors, and learned what to say to aggressive bill collectors. The room was packed while she spoke for nearly 3 hours! Honestly, we would have stayed for six hours because the author is a wealth of knowledge.
I would recommend her book (used extensively during the workshop) to anyone deep in over their heads in debt and especially for young college students…the fastest growing segment filing for bankruptcy (we learned during the workshop).
Zero Debt is written as a 30 day action plan. However, it won’t take you 30 days to read this gem. The information is delivered clearly and in a reader friendly format that anyone can understand.
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|D-E-B-T, an ugly word,
This is a 30-day guide to financial freedom. Many may not need to follow the guide verbatim because some things may not apply. The tips start with evaluating your financial situation. Khalfani suggests writing it down, because once you see, in writing, how much debt you have then you can start your blueprint to becoming debt free. Visualize what’s causing the undo stress in your money worrying woes. The next and most important step is to determine “how” you’re going to get rid of the debt. This is where the pitfall begins. Most think, “If I don’t have money to pay the debt, where am I going to get extra money to pay more on the debt?” The answer: Simplify your life. What does that mean? Get rid of those things you think you need (i.e. cellular phones, expensive cars, weekly hairdos, cable TV, etc.). Once you’ve completed the first two steps, the rest is easy. The first step is always the hardest.
Zero Debt explains financial jargon like: FICO, IRA, adjusted rate, 401(k), etc. before information on the subject is presented. Regardless of your level of debt, you’ll find some useful tips in this easy-to-read book. In short, here are some of the basics to experiencing Zero Debt and financial freedom. Evaluate debt. Stop creditors. Talk to your creditors and let them know what’s happening. Get rid of the unnecessary; stick with the necessary. Pay more on debt. Check your credit yearly. Check your FICO scores. Write letters disputing discrepancies on your credit report. Don’t write the credit reporting agencies; write the creditors directly. Start a budget and stick to it. Consistency. Start a savings plan by making small deposits, and gradually increase them as your debt decreases.
I like Khalfani’s approach to becoming debt-free. Most of what she wrote, I’ve already heard; however, hearing it again didn’t hurt. Sure this book is not going to solve your money problem; only you can. But you have to make a concerted effort to stick to the program. The only suggestion, from the author, I don’t recommend is going into a debt-consolidation program. Why pay someone to do what you can do yourself with a simple phone call? Think about it. What makes a stranger asking to reduce your interest rate more credible than you, the customer, calling to ask the same question? Not to mention, sometimes those services damage your credit rating. Hmm, something to ponder.
Reviewed by Esther “Ess” Mays for Loose Leaves Book Review
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|Dig Out,
You might say Lynnette Khalfani is perfectly qualified to tell people how to get out of debt. She’s been onstage with Dr. Phil and Jane Pauley and numerous others talking to people about spending wisely and managing their debt. However, what makes her the perfect candidate is that she was over $100,000 in credit card debt herself and dug herself out of it in only three years. While that fact is very impressive, the valuable step-by-step instructions on how to get out of a financial rut is what makes ZERO DEBT a book you’ll really want to have.
Khalfani provides her readers with an easy to follow plan to get out of debt. She starts the lessons by defining debt and how most people find themselves caught up in it. Whatever the reason for the debt, it seems Lynnette Khalfani has a plan for it. From simple requests like opting out of credit card offers to more complex tasks like gathering all your bills and finding out what you owe, ZERO DEBT is well-balanced and simple.
ZERO DEBT is written in an easily followed conversational tone, a helpful trait when talking about finances to those who are already stressed when they pick up the book. Lynnette Khalfani breaks it down for the rest of us and I, for one, am grateful she did. I’ll be following her steps to get myself on track financially and plan for the bright future ahead. (RAW Rating: 4.5)
Reviewed by CandaceK
of The RAWSISTAZ Reviewers
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|Excellent, insightful, lucid, upends conventional wisdom,
Graeber’s book elegantly places current-day debt crises in the context of the whole history of social and economic transactions. The intellectual range is incredible: from Graeber’s own anthropological fieldwork in Madagascar to usury in ancient Mesopotamia to the Biblical notion of jubilee to the fallacies somehow perpetuated in nearly every college economics class. Tying all this disparate material together in a lucid political and ethical framework, Graeber highlights the absurd way in which we now treat debt, and what that means for the state of our democracies, where promises made by politicians to bankers are so often held to a higher standard than promises made to constituents.
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|FASCINATING & REVOLUTIONARY,
Everyone talks about debt but I can’t think of anyone else who has so deeply explored its role in our history and culture. This book goes FAR beyond a discussion of debt issues in contemporary capitalistic society (thought it does plenty of that too). Graeber has done amazing research into debt’s role in religion, revolutions, and political power systems across cultures and throughout history, and he has come up with surprising, counter-intuitive, and provocative results. This book will completely change the way you think about economics, morality, power systems, philosophy, and money.
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|Perhaps The Most Important Book of The Year,
Graeber’s accessible and clear writing style easily makes you forget how complex and all-encompassing this book is. Thoroughly cited and cleverly constructed, Debt takes you from the nascent conceptualization of debt to the institutionally upheld system it exists as today. Fascinating book, which I fear may be correct in its findings.
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