Book Summary: Debt Free for LifeeBook - 2014
At one time, it used to be possible to have "good" debt - debt for assets which appreciate in value - and "bad" debt - where you've borrowed money to buy things which go down in value. The recession has changed that kind of thinking. In Debt Free for Life, David Bach argues that the best investment you can make over the next five years is to pay off all your debts and stay completely debt free. To stay debt free for life, you'll need to combine having the right mindset - 1. Understand why you're in debt today; 2. Get compound interest working for you; 3. If you're in a whole, stop digging; 4. Take the debt free pledge - with applying the appropriate strategies. Bach advises the reader to use 10 strategies to get out of debt. Debt is never complicated and reversing the trend won't happen overnight but you will feel progressively better the further down the path you go. Debt Free for Life offers precious guidance on how both your mindset and the actions you take will determine whether or not you become debt free and then stay that way.
Publisher: [United States] : Business Book Summaries : Made available through hoopla, 2014
Branch Call Number: eBook hoopla
Characteristics: 1 online resource