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The author of How to Get Out of Debt, Stay Out of Debt and Live Prosperously here tackles the problems of another fiscally troubled group, those who are earning only enough to meet their needs. He touches on but does not treat in depth the destructive self-image that makes underearning only part of a syndrome. But he does offer advice for treating underearning, beginning with three cardinal rules: do not incur debt, do not take work that pays less than you require and do not say "no" to money, i.e., ignore opportunities to increase your income. Mundis urges drawing up a "spending plan" (not a budget, which is too constricting) and recommends such relaxation techniques as meditation and deep breathing. In what looks like padding, he also presents an adaptation of the 12 steps of Alcoholics Anonymous.
Copyright 1994 Reed Business Information, Inc. --This text refers to the Hardcover edition.
Mundis (How To Get Out of Debt, Stay Out of Debt and Live Prosperously, LJ 2/15/88) attempts to warn wage earners about the problem of underearning, defined as consistently gaining less income than is necessary for providing oneself with adequate food, shelter, and clothing for daily needs. He estimates that 20 to 30 million Americans at all levels of occupation suffer from this problem. Mundis uses the principles and practices of Alcoholics Anonymous in his consideration of underearning, addressing it on individual and family levels with practical examples and suggestions. He discusses determining a consistent spending plan, the differences between types of debt, and the 12 steps to get out of debt and avoid underearning. Readers who have experienced fiscal problems, particularly those in debt, are the audience for this title. Public and corporate libraries might also purchase for their self-help collections.
Littleton M. Maxwell, Business Information Ctr., Univ. of Richmond, Va.
Copyright 1995 Reed Business Information, Inc. --This text refers to the Hardcover edition.
This book had a few good ideas, but overall it was outdated and impractical. It treats financial discussions between couples, or in a family, as if it should be a formal business... Read morePublished 1 month ago by Charles McGarry
I used Mundis's other money book to get out of debt. When I woke up one day and realized I was still in trouble with money I got this book and read it. Read morePublished 2 months ago by Amy Biddle
I have read this book and others by the same author. It is an important book for someone who wants to learn how to keep track of their money and stop squandering it, make more of... Read morePublished 2 months ago by Susan
Mundis walks his talk. An innovative to work through the 12 steps. Mundis transparently shares his own experience with underearning and he moved from strength to strength towards... Read morePublished 2 months ago by Blessing Grace Kobey
This is a great book to read and reread to stay inspired and to use for affirmations. The author writes clearly and well.Published 5 months ago by Tess Graham
This is a must have book, full of very helpful and exercises. It took me awhile to complete because I actually completed everything. Read morePublished 5 months ago by Kaila Yu
Mundis has compiled a brilliant how to book for changing my financial life and most importantly my perspective about money.Published 9 months ago by DJ Sermons
Love this book. I recommend it and give it to friends regularly. Changing your money mindset is the key to feeling financially secure and Jerrold Mundis makes that change easy. Read morePublished 11 months ago by Julie A. Levin