This book is a financial literacy manual that can guide your prosperity strategy for years to come. It is not the typical Debt/Wealth manual it is comprehensive and “Value Packed”. The book delivers a holistic approach to debt and wealth management. It segments financial literacy into three areas; “The Psychology of Debt”, “Mastering your Finances” and “Preserving your Wealth”. It is loaded with several powerful strategies and tactics designed to help you avoid debt overload and build wealth. It will be the personal financial management resource that you can reference over and over again. The book contains a sweeping array of educational concepts and information on the subject of financial literacy (The new 2010 Credit Card Rules, Opportunity Cost, The Rule of 72, A comprehensive review of how the Mortgage Loan Process works, Valuable information on where to get government help on repaying Student Loans, The Advantages of a Chapter 13 Bankruptcy and much more).
Every chapter is packed with helpful information, from interpreting and correcting your credit report to improve your credit score, to providing advice on understanding and getting in front of the home foreclosure process, advice on avoiding over 20 plus money scams that can derail your wealth strategy to providing debt elimination and wealth building plans that can be tailored and modified to fit your individual circumstances. The chapters on identity theft prevention and resolution and avoiding foreclosure rescue scams are invaluable. There is a chapter on how to prevent and control youth debt that is filled with a wealth of information that will serve young consumers for a lifetime.
The information on health wealth and the impact that heavy debt can have on your health is an eye opener. The chapter on how to stay motivated on your journey to financial freedom by using the strategies and tactics provided will help you stay on course to accomplish your financial goal. The “Debt Buddy System” and the “Motivation Button” are two such strategies.