Review: Personal journey to relate to, actionable plan to get started with a proven system.
Rating: 4 out of 5
Date: 02 20, 2013
"When you are deep in a hole, stop digging!" - This is the first gem of this book that captured my attention. It simply says the following: when you are in debt and want to get out, stop spending immediately to avoid getting yourself even deeper into debt.The author shares with the reader a personal journey of getting into debt at a young age. Then as the author puts it, "life happened" - he got married, they had kids and at some stage they fell into debt as a direct result of living life but also getting lazy by failing to track their expenditures. More than once - how does that ring your bell? Very important lesson indeed.Next, the author takes you on a journey of getting out of debt by starting off with the most important part of any personal finance plan - the budget or "Spending Plan" as Dave Ramsey refers to it. Not only does the author discuss each element within an effective budget in no-fluff detail but he also goes on to give you further and what I thought of being the gold nuggets of this book - tips and tricks to reduce your expenses.The final step I personally enjoyed most within the book was applying a well-known tactic with his unique explanation of it and how he and his wife applied it to their personal "getting outta debt" journey.I was honored to receive a review copy of the book but you are interested whether I will buy it, right?Without a doubt. Although my rating of this book will only get to 4 stars because of a few minor formatting errors and perhaps a thing or two I'd do differently being a self-published author myself, if there was an option to rate a book at 4 and a half stars I'd do it without a blink of an eye as the content and value was not compromised at all.Buy this book, commit yourself and get out of debt - it's that simple. It's a matter of how badly you want it.