Strategies and tools to live debt free
The world of borrowing and debt management has changed dramatically, leaving people confused about how best to secure their financial future. This book is the only guide with detailed advice to help you become debt free or master the debt you have, based on the latest laws and new government programs and policies implemented under the Obama administration.
Is the information and advice on debt management different than in years past? Definitely. In this savvy, engaging guide, bestselling financial expert Jordan Goodman will tell you how to
- Win the mortgage game: avoid foreclosure, obtain the best refi, and modify your mortgage even if it is "under water"
- Clean up your credit report and dramatically boost your credit score
- Negotiate new terms and payments for burdensome medical bills, student loans, and credit cards
- Protect yourself from the devastation of identity theft
- Master the new credit card rules, and avoid the rate and fee traps
- Learn a revolutionary strategy that will help you become mortgage free in 5 to 7 years, change the way you pay all your bills, and save hundreds of thousands of dollars
Master Your Debt recommends many pioneering strategies as it lays out an innovative plan for achieving the elusive goal of financial success. The book is filled with helpful web sites, toll free numbers, associations and government agencies, and vetted companies and services to help you implement this advice. In today's volatile economy, getting out of debt is the key to surviving and thriving, and author Jordan Goodman provides you with the strategies and tools to live debt free.
About the Author
JORDAN E. GOODMAN is a nationaly recognized expert on personal finance. He is the author of the bestselling Everyone's Money Book and twelve other books. For eighteen years, he was the Wall Street correspondent for Money magazine and also served as a regular commentator for NBC News at Sunrise and Mutual Broadcasting System's America in the Morning. Today, Goodman appears regularly on many radio shows, including public radio's Marketplace as well as on TV programs on Fox, CNN, CBS, CNBC, and MSNBC. He also speaks regularly to large groups such as the Harv Eker wealth seminars. Visit Goodman's Web site: www.moneyanswers.com.
BILL WESTROM is a consumer advocate and veteran mortgage professional who has become a critic of the traditional banking system. His own businesses, IFS Development Group and TruthInEquity.com, focus on educating and empowering homeowners so they can make smarter choices about mortgages and employ an innovative mortgage reduction strategy; equity acceleration. Westrom's mission is to "change the financial landscape of this country by helping homeowners get more out of what they own and what they earn."
Table of Contents
Introduction Master or Victim? You Decide ix
Chapter 1 How Did We Get Here? And Where Are We? 1
Chapter 2 Find Out Where You Stand 11
Chapter 3 Other People Are Grading You, Too 25
Chapter 4 Avoiding a Modern-Day Identity Crisis 45
Chapter 5 Win the New Mortgage Game 55
Chapter 6 Mortgage Free in Five to Seven Years 73
Chapter 7 Credit Cards: Just Because It’s Called MasterCard Doesn’t Mean It’s the Boss of You 85
Chapter 8 Car Deals: Making Sure You’re in the Driver’s Seat 113
Chapter 9 An Education in College Costs 127
Chapter 10 Don’t Let Bad Luck Derail Your Finances 145
Chapter 11 Surviving Bankruptcy 169
Chapter 12 Debt Strategies for Every Age 177
Chapter 13 Permanent Mastery, Going Forward 183
Appendix Resources 189
About the Author 203
Most Helpful Customer Reviews
There are many vehicles that allow you to accumulate debt and many voices explaining how to get out of debt, but Goodman wants us to learn how to manage debt to our advantage. He's distilled the knowledge and techniques he's learned during his almost twenty-year stint at Money magazine.This book is time-sensitive, as Goodman himself admits, because the rules of credit and debt are changing more quickly than ever before. He aims to teach us how to borrow money when we need, pay it off as quickly and inexpensively as possible and ¿sleep well at night.¿Does he accomplish those goals? I believe he does, but you have to be willing to do your part. Like all good educators, he wants to teach us how to learn and think for ourselves. He not only provides worksheets, web sites, toll-free numbers and contact information to various helpful governmental agencies, associations, and private companies that might help us, he teaches how to analyze our current situation and our future goals. This is toolkit of sorts. To make something worthwhile with it, you have to pay attention to technique and process. You also need to be aware that the companies he recommends he has personally vetted. Whether or not you chose to approach them will depend upon how much you trust him as a guide to the ever-changing, rather complex world of personal finance.I personally enjoyed this book and hope to implement many of Goodman's suggestions because he has taken care to explain how and why the rules have changed. Many of things I thought I knew, he has challenged for me, sparking additional research which seems to confirm his recommendations.No one book can solve everyone's financial challenges, but this book has gone a long way in helping me resolve mine.