Deal With Your Debt – Book Review

Deal With Your Debt Book Review - Liz Pulliam WestonWhile a book about debt isn’t what most people would want to curl up with for a good read, for those that have debt there probably isn’t a better type of book to read. The problem is finding one that puts the plain and simple truth about debt at front and center instead of repeating the often heard “rules” that may not apply in your particular case. Liz Pulliam Weston does an excellent job of avoiding black and white debt rules and covers a multitude of shades of gray regarding debt that many of us are likely to face during our lives:

I’ll never forget the father who wrote to me proudly detailing his progress at becoming financially independent. He and his wife


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10 Responses to Deal With Your Debt – Book Review

  1. samerwriter says:

    I agree with the argument against credit card arbitrage. Unless you genuinely enjoy doing this (and some people do), then the money you earn is almost certainly not worth the effort it requires, and the potential hit to your credit rating (which can cost you a lot more than the few hundred dollars you might make).

    If you do enjoy the challenge and the feeling of “beating” the credit card companies, then I guess it’s (usually, but not always) cheaper than spending an afternoon at the movies!

    I believe the same is true of those who switch from bank to bank to get an extra .25% on their $800 savings accounts. That’s a prime example of “penny-wise pound-foolish”, and I am bothered seeing both of the above strategies advocated on the debt reduction sites.

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  3. Bruce says:

    Great review, I may need to pick that one up. I’m particularly interested to see that $9000 credit card number questioned and explained. It is like that completely incorrect “90% of all businesses fail in the first year” quote you hear so often.

  4. lizriz says:

    I’m surprised you’re not an Amazon associate???

    Like so if I clicked on the book from your site and bought it, you’d get $$$?

    But perhaps that has to do with where you live…

  5. pfadvice says:

    I’m surprised you’re not an Amazon associate???

    Like so if I clicked on the book from your site and bought it, you’d get $$$?

    But perhaps that has to do with where you live

    Actually I am, but have never had a whole lot of luck with them. That’s probably because I almost always (this time being one of the few exceptions) recommend that a person get the book at the library first – then if they like it enough that they know they will refer to it and use it again, they should buy it.

    Maybe I’ll have to take another look at them and see if working with their system is worthwhile again…

  6. Caitlin says:

    Very interesting to hear the “true” statistics about american credit card debt. but I would like to know what the average cc debt of those that DO carry a balance is… or do I have to read the book? 😉

  7. pfadvice says:

    Very interesting to hear the “true

  8. John OMM says:

    I got this book from the library not too long ago and thought it was pretty good as well. Far, far better than the books that are really an extended advertisement for some novel debt reduction plan.

    As to arbitrage. I both enjoy it and reap financial rewards from it. My wife and I have$87,000 in outstanding credit card loans at a rate of less than 1%.

  9. John Svid says:

    Wow great site! Some really helpful information there.

  10. Mark Pris says:

    Hello, your website is very informative and useful,
    I would like to share with you links, send all the questions
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