How to Get Out of Debt, Stay Out of Debt, and Live Prosperously: *(Based on the Proven Principles and Techniques of Debtors Anonymous)
With up-to-the-minute information . . . And an all-new preface by the author!
Out of the red . . .
• Do this month’s bills pile up before you’ve paid last month’s?
• Do you regularly receive past-due notices?
• Do you get letters threatening legal action if immediate payment is not made?
• Do the total amounts of your revolving charge accounts keep rising?
Into the black . . .
Whether you are currently in debt or fear you’re falling into debt, you are not alone. Sixty million Americans–from doctors to secretaries, from executives to the unemployed–face the same problem and live under the same daily stress. Based on the proven techniques of the national Debtors Anonymous program, here is the first complete, step-by-step guide to getting out of debt once and for all. You’ll learn:
• How to recognize the warning signs of serious debt
• How to negotiate with angry creditors, collection agencies, and the IRS
• How to design a realistic and painless pay-back schedule
• How to identify your spending blind spots
• How to cope with the anxiety and daily pressures of owing money
• Plus the three cardinal rules for staying out of debt forever, and much more!
This book is neither sponsored nor endorsed by Debtors Anonymous. A recovered debtor, the author is intimately familiar with the success of the Debtors Anonymous program.Millions of consumers have become trapped in a spiral of debt, but there is hope. If you wants to free yourself from the shackles of debt, this book is for you–it can help you “get out of debt, stay out of debt, and live prosperously.” Jerrold Mundis writes in a friendly, engaging style, urging readers to stop the cycle of spending. Mundis knows what he’s talking about–he, too, was once thousands of dollars in debt and didn’t know where to turn. Anecdotes from Debtors Anonymous folks, plus multiple examples from the writer’s own life and ledgers, make How to Get Out of Debt an encouraging read, not a condescending one. Once you start your program, you may want to periodically reread some chapters for inspiration–and fun.
User Ratings and Reviews
5 Stars Good Advice
This book is for anyone who is in a money crunch. The author gives original advice that will give hope and encouragement to people whose debt has gotten out of hand. It calms you down and points you in the right direction.
5 Stars a different way to look at money
This is a spiritual book. It is about money and gives clear steps to get out of debt and stay out of debt, but it also offers a new perspective in life. The author shows the reader that in order to have a good relationship with money one has to look at life differently. In a time when “lack” seems to be flooding everybody’s minds, this book inspires us to be and feel abundant, not in terms of amassing objects and fortune, but rather in a profound existential way. I truly recommend this book to anyone who is interested in enhancing their perspective on life and money.
5 Stars This book is a life raft for people out of control with their money.
I know of one woman who paid $187,000 in debt in a little over 4 years reading this book and doing exactly what it says to do.
5 Stars You owe some money that is all
1. Debt can cause depression.
2. Don’t let debt distort your view of life. You can get out of debt. There is no debtors prison in the US.
3. Debt is temporary.
4. Stop increasing debt and start paying down debt. In time you will be free of your debt.
5. Getting out debt means getting back you life.
6. Negotiate with your creditors and the banks. Do run and hide, instead, go and talk with them.
7. This is not financial armeggedon for you. Your not under reckoning judgment. Start fixing your financial problems.
5 Stars Uplifting, Sensible, Encouraging Advice
For those of us who are going through all the angst, stress and personal recriminations of having gotten ourselves into WAYYYY too much debt, this book is like an old-fashioned tonic. It may taste a little bit bitter at first, but it will leave a sweet taste in your mouth long afterwards.
As a professional social worker and believer in 12-step programs, I know the power that sincere spiritual cleansing and sticking to hard but functional choices can have in our lives.
Sure it’s hard to give up that addictive habit of slapping that piece of plastic on the counter whenever we want something we can’t afford… but that is EXACTLY what the credit card companies have spent millions of dollars in advertising to get you hooked on doing.
This intelligent, uplifting book treats the use of credit like the emotional addiction that it really is. We ALL have to stop… “cold turkey” and learn to avoid using credit from this day forward.
I have just one difference of opinion with this author, and that is with feeling obligated to pay back the credit card debts.
I believe we were all deliberately tempted and coaxed into ever deepening debt by credit card companies that are every bit as greedy and unscrupulous as the cigarette companies that added extra nicotine to their products to more hopelessly addict their customers. I believe it is ALSO good Karma to stop feeding the debt dragons and make them go away.
Therefore, I also suggest reading:
Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free
Brown’s book will teach you why not feeling obligated to repay what was deliberately taken from you through manipulation and deception is better Karma than being a debt slave… and…
DEFAULT !!! Escaping the Debt Trap and Avoiding Bankruptcy
Guedel’s book will show you exactly how defending yourself against credit card debt collection and starting over without using credit can be done SUCCESSFULLY.
Filed under: Personal Finance Book Reviews