Debt Free for Life (Review and Analysis of Bach's Book)
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About this ebook
This complete summary of the ideas from David Bach's book "Debt Free for Life" shows how, at one time, it used to be possible to have “good” debt – debt for assets which appreciate in value – and “bad” debt – where you’ve borrowed money to buy things which go down in value. However, the recession has completely changed this way of thinking. In his book, the author explains that the best investment you can make over the next five years is to pay off all your debts and stay completely debt free forever. This summary presents ten strategies that will help you get out of debt and help you on your way to wealth and financial freedom.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge
To learn more, read "Debt Free for Life" and discover the key to becoming debt free, and staying that way.
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Reviews for Debt Free for Life (Review and Analysis of Bach's Book)
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- Rating: 5 out of 5 stars5/5must read ! best debt free tool and tips . thank you
Book preview
Debt Free for Life (Review and Analysis of Bach's Book) - BusinessNews Publishing
Book Presentation
Debt Free For Life by David Bach
Book Abstract
About the Author
Important Note About This Ebook
Summary of Debt Free For Life (David Bach)
1. The Debt Free Mindset
2. The debt free strategies
Book Abstract
MAIN IDEA
At one time, it used to be possible to have good
debt – debt for assets which appreciate in value – and bad
debt – where you’ve borrowed money to buy things which go down in value. The recession has changed that kind of thinking. The best investment you can make over the next five years is to pay off all your debts and stay completely debt free.
To stay debt free for life, you’ll need to combine having the right mindset with applying the appropriate strategies. Both your mindset and the actions you take will determine whether or not you become debt free and then stay that way.
Homes are going down in value and people with college degrees are looking for jobs. Forget about the idea of ‘good’ debt and ‘bad’ debt. The truth is when you’re in debt, it doesn’t matter what you’ve borrowed the money for. The only thing that matters is whether or not you can afford to pay it back. And if you can’t, all debt is bad debt. The best investment you can make over the next five years is going to be paying off your debts. My advice is to pay off what you owe as fast as you can. The faster you pay off your debt, the faster you will achieve financial freedom.
– David Bach
About the Author
DAVID BACH is a prolific financial author, media contributor and motivational and financial speaker. He has written ten consecutive national bestsellers including Start Late, Finish Rich and The Automatic Millionaire. To date, Mr. Bach’s FinishRich books have sold more than7 million copies and have been published in more than 15 languages.