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In the past, Americans were taught to avoid debt. Now, we are persuaded to embrace it. The process starts early--high school students receive credit card solicitations although their only income may be from babysitting or mowing the neighbor's lawn. We take on debt without realizing that doing so subjects us to financial servitude--a form of slavery--in which our bills determine when and how much we work, often at jobs we don't even like.
The result? U.S. consumer debt recently hit an all-time high of $2.35 trillion and millions of Americans are struggling to make ends meet.
Debt is Slavery offers hope. The book takes a unique approach to personal finance by focusing on changing the way people think about money. The author uses his personal triumph over paralyzing debt to illustrate 10 lessons that will transform the reader's relationship with money so they too can pay off their debt, reclaim their freedom, and lead more fulfilling and prosperous lives.
Michael Mihalik accumulated a huge amount of debt by using credit cards to finance a lifestyle he couldn't afford. He struggled with debt for years before discovering that before he could change how he handled his finances, he had to change the way he thought about money.
He created 10 ideas and techniques that literally transformed his life. Today, he is debt-free and financially secure. His book, Debt is Slavery, teaches others how to use the same ideas and methods to gain control of their finances, pay off their debt, and experience more fulfilling lives free from the shackles of debt.
This book will set you free in every sense of that word. I had this bumper-sticker on my car through the 90s and half of the Nulls.Published 2 months ago by Nigel Watson
This book is one of my favorites! I've read a lot of personal finance help books but this one makes the point short and sweet with simple ideas. Read morePublished 5 months ago by Bobbimrn
Love this book - Bought 4 - one for me and one for each of my children - required reading before they move out!Published 6 months ago by donnaj
Debt is slavery And 9 other things I wish my dAd tAUght me About money by michAel mihAlik shAres the vArious ideAs that the Author learned Along his journey on breaking free to... Read morePublished 10 months ago by Stella Carrier
It's an easy-read, and had great universal points to help you understand what's really going on with the GMM (Great Marketing Machine) and that it's not worth playing into it. Read morePublished 13 months ago by Rose Hinojosa
I've purchased about 6 copies of this book for my kids and their college age friends, and I'll probably buy more. Read morePublished 17 months ago by Trisha
Short, small, and handy book. Tells me that I should never be in debt. And I should save 50% of my income, so that I can retire early.Published 19 months ago by Sanjeev Shrestha
We bought a handful of books about money in our effort to understand what we were doing wrong, financially, and although these books had a lot of the same things to say, the... Read morePublished 23 months ago by Jelly Bean
I really enjoyed Debt is Slavery. Author gives some great advice in a quick read book, and describes how to set up a budget which is sooo necessary!Published 24 months ago by Nancy Burns