Society & Culture & Entertainment Reading & Book Reviews

Get Out of the Red and Into the Black

How to Get Out of Debt, Stay Out of Debt & Live Prosperously.
Jerrold Mundis.
Bantam Books, 1990.
257 pages.
ISBN 0-553-28396-0 Plain and simple, How to Get Out of Debt, Stay Out of Debt & Live Prosperously is one of the best contributions to the personal finance realm.
Why do I say that? Because, in no uncertain terms, it addresses circumstances that most people in our society find themselves - deep in debt, digging deeper, and dealing, in silent desperation, with the repercussions.
In an era where consumers often finance their lifestyles with credit cards, use their homes like ATM machines, and, ultimately, make consumer credit counseling a booming business, Jerrold Mundis explains how our emotions and habitual thinking have put, and kept, many of us on the path to financial ruin.
The genius of this book, however, is its backbone: the principles of Debtors Anonymous.
Though we may hate to think of it, habits of a lifetime do take work to change, ignoring does Madison Avenue take emotional strength, and dealing with the issues debt often engenders can be really tough.
But, this book offers hope, and support, to those who heed its message.
Bottom line: no matter where how deep in debt you are, there is a way out if you keep your head and keep moving forward.
And, Mundis can help you do it, if you follow his three cardinal rules: 1) don't debt one day at a time, 2) Keep a spending record scrupulously, and 3) adhere closely to your spending plan.
Getting out of debt is one thing, though, and becoming wealthy is something totally different.
But, make no mistake, following the program outlined in this book will create positive momentum - momentum that will erase even the largest of debts.
The affirmations, visualization techniques, and goal setting exercises Mundis also suggests, as corny and ubiquitous as they are, can help you get wealthy.
All in all, How to Get Out of Debt, Stay Out of Debt & live Prosperously can be one of the best additions to your financial library, whether you are in drowning in debt or not.
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