- Series: Debt-Proof Living (Paperback)
- Paperback: 311 pages
- Publisher: DPL Press; second edition (October 1, 2005)
- Language: English
- ISBN-10: 0976079119
- ISBN-13: 978-0976079118
- Product Dimensions: 6.1 x 0.7 x 9 inches
- Shipping Weight: 1.2 pounds (View shipping rates and policies)
- Average Customer Review: 4.6 out of 5 stars See all reviews (224 customer reviews)
- Amazon Best Sellers Rank: #1,518,471 in Books (See Top 100 in Books)
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Debt-Proof Living: The Complete Guide to Living Financially Free (Debt-Proof Living (Paperback)) Paperback – October 1, 2005
The Amazon Book Review
Author interviews, book reviews, editors picks, and more. Read it now
Frequently bought together
Customers who bought this item also bought
There are plenty of heavily pedigreed personal-finance experts dishing out good advice, but not many who know what it's like to have to eat ramen all month to make a car payment. On the other hand, there's Mary Hunt, a recovered credit card addict whose free-spending ways landed her family in the middle of $100,000 of unsecured debt in the early 1980s. Pulling herself out of that morass gave Hunt the courage to strike out on her own as a writer, motivational speaker, and the brains behind The Cheapskate Monthly, a newsletter and Web site (www.cheapsk8.com) dedicated to promoting the art of living within one's means, a message that grows ever more urgent as the average American family struggles each year to pay $1,200 in interest alone on revolving, unsecured debt.
While Hunt's previous books have echoed some consistent themes--debt bad, saving good--they've addressed a hodgepodge of different areas: building financial confidence in women and kids, doing Christmas without a stack of credit cards, tips for gourmet cooking at low cost. In Mary Hunt's Debt-Proof Living, Hunt finally puts together a financial primer for all--whether retirees trying to decide when to start drawing Social Security or teenagers ready to sign for their first college loans. Security, according to Hunt, is built with simple tools: tithing, saving, paying off debt, creating a contingency fund for emergencies, driving used cars, owning a home, having insurance.
Although Hunt's "been there, spent that" zeal and warmth have turned her into the Ann Landers of personal finance, she's not just an agony aunt for spendthrifts--business experts will find her a savvy marketer who's using her name and story to build, somewhat ironically, a very effective brand. That doesn't negate her sincerity, however, or the fact that her advice is sound, her formulas work, and her Rapid Debt Repayment Plan has kept increasing numbers of families out of bankruptcy. And finally, Mary Hunt's Debt-Proof Living is just a joy to read--its clarity and lack of condescension make it a perfect gift for anyone just starting to understand the basics of money. --Barrie Trinkle --This text refers to an out of print or unavailable edition of this title.
From the Publisher
This All-New and Revised edition of Debt-Proof Living reflects changes in the economy and consumer credit industry, while retaining all of the relevant content that has kept this book a bestseller since its original release in 1999.
If you are a seller for this product, would you like to suggest updates through seller support?
Top Customer Reviews
I didn't learn any sensible budgeting techniques in high school, college, or graduate school. I decided I needed to learn to handle my money better and needed to get out of debt. I found this book at the Christian bookstore and purchased it. It revolutionized my financial thinking. It took about 18 months for me to get out of debt, and I have stayed out of debt since.
1. KEY THOUGHT: The Freedom Account. To this day, I still use a Freedom Account. I am married now, but my husband and I have a freedom account fully stocked for a new car in our future, health care, flood insurance, home insurance, car deductibles, etc. It is so freeing to realize you have that money set aside for things that may well/are going to happen. A great technique.
2. KEY THOUGHT: The RDRP (rapid debt repayment plan). So many people tell you you should pay off your highest-interest debts first. To me, it was motivational to start with my smallest debts. It was like a steamroller taking the money that I once was paying for debt A and sending double,triple, or quadruple payments to debt b. I really liked this technique! Currently, my only debt is a house mortgage. I use techniques I learned from the RDRP to pay down my mortgage early as well. I usually make more than twice the monthly payment so I can end my 30 year mortgage within 8 years.
3. KEY THOUGHT: Save 10%, Give 10%, Live off 80%. I really liked that Mary had her 80/10/10 rule . I think it's so important to realize that you have to save and give while still paying off debts. It was a very unique view, and refreshing!
I really think people will enjoy this book. I also subscribed to Mary's Cheapskate Monthly newsletter for several years as I got my finances in order. One nice thing there is as a subscriber you can have access to all the previous issues! I learned about many things there not covered in this book: Price Books, Once-a-month Cooking, Maximizing Food Dollar Value, etc. Fascinating reading :)
I hope I've helped someone... At the very least, you could check tihs book out from a library to read... but, you will likely find that it is well worth the price to buy it!
Hunt's book has a lot of great information that for the most part is clearly written. She covers everything from credit reports, to mortgages, to insurance and how to save money in these categories. The plan she leaves us with in order to get out of debt is a strong and solid one, that still allows you to have a life and actually create a savings plan wbile paying off debt. Using an RDRP calculator I designed for myself, I was pleased to see that I can pay off my $32,000 of debt in six and a half years, not taking into account and tax refunds, or raises beyond the cost of living increases I may take in.
As with any book that tries to get you to change your life, you need to pick and choose the ideas that best suit you and fit your lifestyle. Hunt tells us we should give 10% of our money away, in a sense back to God. Among other reasons, this is to feel more connected with the world. She states a few times how people write in saying that they'd rather give their time and how Hunt feels this runs counter to the principles of giving away money. I for one, feel much more connected to the world when I am volunteering - writing checks and putting them in the mail is what you do to those evil credit card people you're trying to get rid of.
Another GLARING frustration I had with the book was all the shameless plugs to her website. Not because I am against shameless plugs, but because in order to ACCESS the features she mentions, you have to buy a subscription! Key to the whole book is her Rapid Debt Repayment Plan (RDRP) which, as she puts it on her website, can be a very complicated thing to figure out on your own. If you have rudimentary knowledge of a spreadsheet program, such as excel (and no, you don't HAVE to be a financial whiz to figure it out), know how to use formulas and even hide columns, you can crete a RDRP for yourself and save yourself the $20 yearly subscription.
I found this caveat frustrating because it was not stated in the book that this was a subscription source (perhaps it wasn't when the book was published). So if you buy this book and can't figure out excel for yourself, you could easily spend almost $40 in no time that isn't going towards your credit payments. This issue made me question the line Hunt walks between her capitalistic enterprise (which she admits she loves) and her desire to truly help those of us out there with debt. What about giving 10% back to her readers?