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78 of 78 people found the following review helpful:
5.0 out of 5 stars
An Oxfordshire reader who was £30,000 in debt writes ......., 24 Feb 2004
By A Customer
This book was recommended to me 12 years ago when I was £30,000 in debt with no assets whatsoever and on the point of bankruptcy. It turned my life around completely (if the author is reading this, I would like to say a long overdue thank you).My first reaction on reading the book was one of total relief. Whilst newspapers and magazines occasionally address the subject of a little light overspending at Christmas, I had never come across anything that dealt with large-scale debt. The book begins with a number of examples of others who had large debts and worked their way out of it. No miracles, no bankruptcies, just a lot of honesty with oneself and determination to take responsibility. The book is written by an American. Don't let that worry you. The principles are the same whichever side of the Atlantic you're on. The author goes on to explain the psychology of debting. Looking back I realise I overspent for psychological reasons. Trying to keep up with others, compensate for perceived deprivations etc. Realising this helped me get a hold of my finances. The rest of the book provides practical step-by-step help with dealing with creditors, managing your money (no matter how little you think you have - I was earning £14K p.a. at the time) so as to be able to repay your debts without feeling massive deprivation. It truly put me back on to a path that allowed me to take control of my finances, repay all my debts, recover my dignity and have a decent life. Twelve years on I have no debts and have a lovely home. If you are in debt and wondering whether to buy this book, I urge you to buy it, read it, re-read it and put the principles into practice. I promise it really can be done.
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by Phillip Inman
