Reader's Reviews
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This is a good book that gives you the basics about getting out of debt. Anybody who has incurred too much debt and needs some help in paying it off should read this book. Explains all kinds of debt and how it impacts your credit score and life. Very good and interesting reading.
***
Ken Clark's book is well written, and is an exceptional resource to help you get out of debt. It is easy to use, and reference on the fly, unlike some of the guru's out there that claim to have been through it all, and have the answers for you. I would highly recommend this book as a resource that you will refer to time and again. I give this book a definite thumbs up!
***
Like many of you, I am in debt up to my eyeballs. But hopefully, I may not be in debt for long. In " . . . Getting Out of Debt," Ken Clark brings his experience as a certified financial planner and a person formally in the red to the table, to help readers take the first step towards financial freedom. The book provides tips on how to tackle credit cards, mortgages, and loans; tell the difference between 'good' and 'bad' debt, curb the temptation to rack up more debt; and stay motivated enough to see the process through to the end. Though his advice is pretty useful, Clark seems to underestimate the effects of the current economic downturn on average Americans and overlooks that all-important first step to getting out of debt: getting a job.
This book contains no offensive content.
***
Debt is a touchy subject. People have it, but they don't necessarily want to talk about it and if they do talk about it, very few are honest with the amount they carry. Ken Clark on the other hand urges readers to take a look at their situation in full, assess the damage on paper, and set goals for the short and long term; "Denial, Acceptance, Action." Once a foundation is laid, he takes you on a journey to eliminate and reduce every possible debt. It is true that much of the information could be found in the library, on the Internet, and within magazine and newspaper articles. But, what would be missing are the clear and concise instructions, the timeline and approach, the contact numbers, the sample letters, and the humor. Not far into the book I realized that Ken Clark writes as both a CFP and as a man who has endured the very struggles of debt management. He knows the strategies involved in tackling, overcoming, and eliminating debt. He does not talk down but to the reader and creates a sense of ease and practicality. What a relief! This a practical guide and must read for anyone looking to get out and stay out of debt.
***
I thought it was going to be a drag, but I ended up reading it in 2 days. I couldn't stop reading. And the truth is I paid off my last credit card 2 months after I finished!
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