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Back to the Black: how to become debt-free and stay that way (Telling Experience)
 
 

Back to the Black: how to become debt-free and stay that way (Telling Experience) [Kindle Edition]

Michael MacMahon
4.5 out of 5 stars  See all reviews (4 customer reviews)

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Product Description

Product Description

’Back to the Black: how to become debt-free and stay that way’ is for anyone worried about debt, who wants to know how to handle it and get out of debt as soon as possible. By viewing your problem as a coach or counsellor would, you’ll learn many tactics for handling stress, formulating a plan and much more. You’ll also learn how to fix a repayment schedule that’ll shorten the time till you are debt-free while protecting your peace of mind; how to budget more effectively; and some simple ways to track your spending in future so that you can stay “in the black” while still enjoying life.

After reading this book you will feel more confident of your ability to handle your debt situation … and you’ll have a plan for doing so.

You’ll know how to evaluate your current situation; how to decide realistic but challenging goals for reducing your debt; how to develop a list of options; and how to calculate your discretionary income. When you have that information, the decision about what to do will suddenly seem straightforward.

The book ends with a comprehensive “Resources” section, including contact details for nearly 50 organisations that can help you (most of them for free).


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Michael J MacMahon
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Most Helpful Customer Reviews
2 of 2 people found the following review helpful
By Kew TOP 1000 REVIEWER
Format:Kindle Edition
This is a well-researched and practical guide to help you solve any debt problems that you may have. Although the book has been written in the UK, the pricipals apply to where ever you are in the world and the author does include some indication of the sums in dollars or euros.

The author is able to write at first hand experience about this problem as he was himself in debt some years ago, so he fully understands the stress and difficulties involved. In fact, some of the first advice in the book deals with how to deal with that stress before you start to tackle the issues of what to do about the debts. He offers a number of options to help you decide what course to take - eg. to go bankrupt or not to go bankrupt, or how to negotiate a deal for yourself. He includes a number of case studies to help illustrate the situations and sums up each chapter with a brief resume of the points covered. At the end of the book he has provided a list of useful resources that people may wish to call on for help - government bodies, websites, organisations and charities.
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2 of 2 people found the following review helpful
Encouraging advice 12 May 2011
Format:Kindle Edition
This book details the author's personal experience of managing escalating debt. Whilst telling his personal story he has woven a plan of action for those finding themselves in similar situations. A lot of excellent advice to avoid the pitfalls whilst in negotiation with creditors along with reference to self esteem and handling stress. Well worth a read.
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1 of 1 people found the following review helpful
By Stella
Format:Kindle Edition
This book is written using the very useful resource of first hand experience which makes it very poignant and useful. The three approaches to escaping the downward spiral of the effects of debt are practical and easy to follow. It is written with humour and gives the reader the comfort that they are not alone in experiencing the misery that financial problems can bring.
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