by Lynette Khalfani-Cox Website | Facebook | Twitter
Publication Date: 8/1/2004
Publisher: Advantage World Press
ISBN: 1932450750 (ISBN13: 9781932450750)
Genre: Economics | Finance
Available for Purchase: Amazon
Rating: 📚📚📚/ 3 out of 5
Author Blurb: In Zero Debt, you'll discover: * How to get annoying creditors off your back * Insider secrets to reduce interest rates or eliminate credit card late fees * Your legal rights and what bill collectors can and can not do under the law * The best strategies to clean up your credit report or fix errors in your credit file * How to make lifestyle changes that will save you money for decades to come! If you want to be debt-free and achieve financial freedom, you need an action plan to guide you. This book is your step-by-step plan.
My Book Review
I've owned this copy for many years, I have to admit. Over the years I've glanced at it on my shelves and thought, "I definitely need to dive into that at some point". Yet, year after year, I move it from one shelf to the next and never spent any time really studying it. It wasn't until this year, when I had a deep desire to really get a stronghold on our finances, that I pulled Zero Debt from the bookshelf. Even then, it sat on my desk for a couple of months before I finally committed to investing some time into reading it.
Needless to say, I read it in one sitting despite its 204 pages. Much of that can be attributed to the fact that it was easy to skim the book considering that I've already known about or implemented the author's recommendations. Not because she recommended them, or from what I read in her book, but because I already knew these things from bits and pieces I read on the internet or elsewhere.
I have to note that the book was originally written in 2004, and it's recommendations reflect just that. As I understand it, the book is now up to a 3rd edition and I have hope that the content and recommendations have been updated as well. Overall, I found the content to be moderately useful. This could be a good read and excellent advice for a newby to finance. A person just learning how to navigate their finances, may find this book very useful. I consider myself to be adequately versed in personal finance, so many of the ideas and advice offered by the author, seemed useless to me.
One outstanding take-away from this book is how she speaks about helping to take care of aging parents. I found this topic to be admirable as it often isn't approached when people are thinking about their personal finances. Caring for elderly parents is often looked at as more of a burden that is only tackled when one or more parents become ill or inept. Khalfani-Cox approaches it as a "process, not an event" that should be managed with thoughtfulness and preparation in order to see helping our parents as a gift rather than as a burden.
If you have created surmountable credit card debt, suffered from a declining credit score, or are unsure about how to save money, then this book will definitely be helpful. If you are fairly up on your game with managing your money, investing, saving and are in the stages of debt repayment planning...then this book may be a bit below your level.
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