The Debt-Free Millionaire: Winning Strategies to Creating Great Credit and Retiring Rich
Date: 28 April 2011, 05:57
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The Debt-Free Millionaire: Winning Strategies to Creating Great Credit and Retiring Rich By Anthony Manganiello * Publisher: Wiley * Number Of Pages: 287 * Publication Date: 2009-08-10 * ISBN-10 / ASIN: 0470455764 * ISBN-13 / EAN: 9780470455760 Product Description: "The Debt-Free Millionaire is a clarion call for a generation that wasbrought up on spending tomorrow's money today. As someone who spenttime in the financial services industry, I can unequivocally state that Anthony's pragmatic and refreshingly contrarian approach to the real secrets of cash-flow management—and leveraging the credit system—are a breath of fresh air in a smog-choked world of misinformation and confusing financial advice.I can think of a million reasons to read it." —Michael DiFriscoPresident, BrandXcellence "Read this book. Do what it says. Start living the dream. If you're ready totake charge of your financial future, this is the place to start." —Keith J. CunninghamKeys to the Vault & Business School for Entrepreneurs "The Debt-Free Millionaire offers unique insights, little known strategies andeasy-to-understand practical tools to first manage then eliminate debt. It is amust read for both consumers and financial professionals to better explain the often complex world of debt management. More like getting sensible advice from a good friend than a technical financial advisor." —Roy BalfourPresident of RoMart Inc. "Tony has produced a clear and straightforward guide to debt, andhow to eliminate it, that is as timely as it is needed. Anyone whofollows the program in this book will be glad they did." —Jeffrey K. MeekFormer Vice President–Recovery Operations, WaMu Card Services "Great for readers of all ages and in all financial stages. This isn'tone of those get-rich-quick schemes. This book provides a foundation for aparadigm shift in your thinking process and allows for you to see how toachieve the seemingly unachievable. I was hooked from the beginning!" —Jenna KeehnenExecutive Director, www.USOBA.org Summary: Good book Rating: 4 The Debt-Free Millionaire takes an interesting look at how an average individual can go from being highly in debt - to becoming a millionaire. The author's main premise being that everyone can be a millionaire and this book spends approx 80% of its content on discussing various debt reducing (to eventually eliminating) debt in order to progress to saving, investing and accumulating wealth. What I liked about this book is that the author is highly encouraging and acknowledges that debt is a very real part of life for many consumers today. I also thought his comments about how the "pay yourself first" may not be in the best interest of the average person in this day and age because of the fact that the concept of credit has changed dramatically since the "pay yourself first" suggestion was started over 60 years ago. There is a very deep look at debt and how many people get into it and ther is alot of discussion about the debt traps and how to get out of it. I liked this book because of its somewhat different approach to debt and I also thought it was extremely well written for the average layperson who is not into trying to decipher financial statements. I suggest this book for anyone who is in debt or overwhelmed by debt.
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