The 5-Minute Debt Solution: Get Out Fast & Stay Out Forever [Paperback]

Chris Hendrickson (Author), Anthony Robbins (Foreword)

Book Description

Publication Date: November 1, 2008

What would your life be like if you were debt free? What if you had a way to create a simple plan for not only debt freedom, but financial independence as well? Simplicity is sustainability. The 5-Minute Debt Solution will help you create a simple plan for total debt freedom and financial independence for you and your family. With this book as your guide, financial success is as easy as 1, 2, 3.

Editorial Reviews

Review

"If you have any debt, or doubts about your financial future, this book is a must-read." -- Ken Blanchard "Co-Author of The One Minute Manager and The One Minute Entrepreneur"

From the Back Cover

Simplicity is sustainability. The 5-Minute Debt Solution will help you create a simple plan for total debt freedom and financial independence for you and your family. With this book as your guide, financial success is as easy as 1, 2, 3!

Step One: Get Out of Debt Fast You can't have financial freedom without debt freedom. Utilizing the CREDiT Method(tm) (created from a 15th century strategy of warfare) you can learn how to save thousands, if not tens of thousands, in interest and shave years off your payments as well.

Step Two: Stay Out of Debt Forever Getting out of debt is not enough--you must also stay out. To do this you must first build a strong psychology and mind-set for success. With the Cookie Jar Factor(tm) you'll learn how to stay out of debt and live on a cash basis for long-term freedom.

Step Three: Save and Invest in Your Future Getting rich quick doesn't work. Your ability to become financially independent is in direct proportion to the amount of money you need to cover your lifestyle and expenses. Using a fast and easy formula, you'll determine how much you need and how to achieve financial independence one step at a time.

See all Editorial Reviews

Product Details

• Paperback: 206 pages
• Publisher: Morgan James Publishing (November 1, 2008)
• Language: English
• ISBN-10: 1600374301
• ISBN-13: 978-1600374302
• Product Dimensions: 9.5 x 5.9 x 0.5 inches
• Shipping Weight: 12 ounces (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #744,662 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

10 of 11 people found the following review helpful:

5.0 out of 5 stars boring subject made interesting, November 18, 2008

By 

George M. Bowman "GMB Baltimore,MD" (MD) - See all my reviews
(REAL NAME)   

This review is from: The 5-Minute Debt Solution: Get Out Fast & Stay Out Forever (Paperback)

As an avid reader of self-help type books, I was suprised how interesting I found this one to be. Chris seams to have a knack to take some of the most mundane and boring info, and somehow make it personal and somewhat compelling. I especially like how he used himselh and his family to make you think about your own situation. If you use just one of his strageties, I think the book should pay for itself, All in all nice first effort, hopefully we will read more in the future.
GMB Baltimore,MD

5 of 6 people found the following review helpful:

5.0 out of 5 stars Must Read for Financial Freedom, March 28, 2009

By 

Jeffrey (San Diego, CA) - See all my reviews

This review is from: The 5-Minute Debt Solution: Get Out Fast & Stay Out Forever (Paperback)

With so many books out there today about taking control of your finances, this book really delivers. Chris Hendrickson has managed to make the subject matters that are usually hard to digest very enjoyable to read.

I found the book very manageable since there is a clear action plan for success to turn any situation around. I have read many of the books out there on personal finances, but many of the other books are heavy in theory and light in action items.

This book is not only for people in debt, but also people who don't ever want to be in debt! Our country would be in a much better place right now if "The 5-Minute Debt Solution" was taught in schools around the world.

5 of 6 people found the following review helpful:

5.0 out of 5 stars Very practical, easy to follow solution. A must-read!, March 22, 2009

By 

S. Arunasalam "Arun" (Sydney, Australia.) - See all my reviews
(REAL NAME)   

This review is from: The 5-Minute Debt Solution: Get Out Fast & Stay Out Forever (Paperback)

I thoroughly enjoyed reading this book from cover to cover. I should admit that I did not stop to do the practical exercises, when I was reading it, but then I went back and started completing the worksheets.

This book provides an excellent structured approach to debt reduction. Being an accountant and a business educator myself, I love using Excel models for planning and this work book will become very useful in both planning and monitoring.

I also liked the way Chris has included the psychology aspect in the book to get the commitment. I also liked the down-to-earth and humble style of writing.

If you WANT to (only if YOU want to) reduce your debts and live a debt free life, this book is for you. The techniques here are not complicated and hard to follow. You just have to read the book and do the exercises. What you need is commitment.

Good luck.

Arun
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