The techniques that Stacy Johnson provides in this book makes you think of one thing. Common sense! While we all get caught up in making money, the idea is that we have more money to spend. Stacy outlines a plan in this book to get you started on your journey to become debt free from step 1 all the way to the end. Stacy's ideas and experience help to reinforce that a program like this will work..... but it starts with you!
This book is very easy to read and I like the way he uses analogies to describe financial situations. This book is a must to have!
This is an excellent how-to book on getting out of debt fast, and staying debt free. With wit and wisdom, Stacy Johnson reminds us that wasteful ways trap people in a cycle of debt. We have to be our own best friends and be vigilant in avoiding common pitfalls that rob us of our hard earned cash. If you follow this plan, you will be able to solve your financial problems and avoid new ones.
I have read many a getting out of debt book. Most mention reducing your lifestyle considerably until your debts are paid off, including selling many things you may enjoy having, but that can be extremely unpleasant or difficult to most people. This book recommends finding something you love and finding ways to save money in your budget to create a "debt destroyer" and using this "debt destroyer" money every month to speed up paying off your debt. This allows you to adjust your lifestyle as much as you are comfortable without having to reduce your lifestyle to bare minimum. The technique taught in this book can be difficult at times and may take a bit longer to get out of debt than other books, but you still become debt free, and your lifestyle is not destroyed with the debt.
Great book for helping one out of debt...For someone who doesn't have at least a six month surplus of savings beginning can the plan can be difficult but not impossuble. I plan to put the solution in use for the first 3 months this year & see how it goes till tax time and then use that refund to continue using the program.
Very informative but doable may be in question. The book assumes that in the years you pay down or off your debt that there are no financial emergencies or un-expected bills that arise. Also, you must be very focused to follow the plan. I did get inspired to be debt free but now comes the hard part. Still I found it worth thinking about to possibly see if I can do it.
My husband loves this book! We've bought more to give to family members. Very easy to read and understand! Great get out of debt plan that really works and doesn't involve paying outside sources to get rid of debt for you.