Customer Reviews

Taming the Money Monster: 5 Steps to Conquering Debt

5 star:		(4)
4 star:		(1)
3 star:		(0)
2 star:		(0)
1 star:		(0)

 

 

I highly recommend this book. It really should be required reading, especially for couples before marriage and young people in general. While it does contain a chapter on how to get out of debt, even those who are not in debt would benefit greatly from the understanding they would gain about credit and debt.

Mr. Blue discusses "the magic of compounding interest" and how it can work for or against you. He also outlines four common sense rules that should be followed before going into debt of any kind. He specifically discusses credit card debt, car loans, and mortgages as well as church, business, and investment debt in light of the four common sense rules.

The book is well-written and easy-to-read with real-life examples. It will help those who are in debt to get out, and, if Mr. Blue's advice is followed, it will help anyone to make wise financial decisions in the future.

Ron Blue is the founder and managing partner of Ronald Blue & Co, a financial advisory firm, and he has earned his Master's in Business Administration. Does this make him an expert? Well, maybe not, but his advice is incredibly timely, and written with a well-spring of wisdom for today.

His book reads like a roadmap to recovery - financial recovery - if one is interested in recovery, with some of the chapters such as:

Taming the Money Monster
The Road to Debt
Advertising Illusions

Financial Deceptions
A Biblical Perspective
The Road Ahead
How to Get Out of Debt
When Should You Use Credit? (How's that for timely?)
Understanding Credit (Most don't)
Installment Debt
Mortgage Debt
Other Debt

There are chapters on college loans, church bonds, house debt and business debt, and it deserves to be read and re-read. Don't let money rule your life. Read this book and see how Ron can help you manage your money wisely and you can find real financial freedom from the bondage of the Money Monster.

Anyone reading this book, and putting its ideas to work, can accomplish the goals set forth in this publication. Easy to read, practical, entertaining and truthful are but a few of the praises I place on this book. What it professes really works. I have tried it. Prior to reading this book, my wife and I had no hope of getting out of debt. Following Mr Blue's advice,with lots of faith, we are on our way out. Thanks Mr Blue.

This book teaches the reader a new way of looking at money. Learning if buying outright or financing is best was really helpful.

If I'd had this book ten years ago and followed its advice, I wouldn't be in debt today. Ron Blue offers sound financial guidance. In the past two months, I've paid off three of my credit cards and am on the road to getting out of debt.

One piece of advice: If you choose to melt your credit cards in the oven and turn it into a mobile, be careful that they don't start to smolder. The smell of burnt plastic lingered for days. Makes an incredible and beautiful reminder, though. Otherwise, I'd just cut them up and use glue.