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Finish Rich WorkbookStep Five

The Debt-Free Solution

Get Out of Debt--and Stay Out of Debt

One of the most important keys to living smart and finishing rich is leading what I call a "Debt-Free Lifestyle". These days, however, doing this can be a real challenge. According to a recent USA Today article, by the time the average college student gets out of school, he or she has three credit cards and is close to $3,000 in debt. For adults, the figures are worse . . . much worse. All told, American families currently owe a total of roughly half a trillion dollars in credit-card debt. That works out to nearly $8,400 per household. It's truly a war out there--and the credit-card companies are winning.

In this chapter, you're going to learn a series of concrete steps that will enable you to regain control of your finances. Specifically, I am going to share with you a 13-point action plan designed to get you out of credit-card debt. I am also going to show you how to protect your credit record. And, finally, I'll provide you with letters to send to the credit-card companies and agencies that track your credit records in the event you find errors.

Click here for the full chapter.

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Success Stories

Real Advice, Real People, Real Results.

Hello I live in Guayaquil Ecuador, and I really learned to save money and to think about my future. I started taking care of my latte factor and I closed my credit cards. Now I have a fund that takes 20 percent from my salary and I\'m so happy because I\'m out of debt. In my country they don\'t have the 401(k) or the way of paying mortgages twice a month so I\'m a little concerned, but at least I know how to save and not to spend on meaningless things. Thank you.. regards Reina ... more



- Reina Cedeño
Guayaquil, ..

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Success Stories

Start Late, Finish Rich

In Start Late, Finish Rich, David Bach takes the "Finish Rich" wisdom that has already helped millions of people and tailors it specifically to all of us who forgot to save, procrastinated, or got sidetracked by life's unexpected challenges.

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  • Figure out your Latte Factor™

  • The Five Secret Questions to Finish Rich

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  • Tips on Hiring a Financial Advisor

  • Learn about Investment Basics

  • Find out about College Savings and Planning
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    The views expressed herein are solely those of David Bach and FinishRich Media, LLC., and do not necessarily reflect the views of The Edelman Financial Group or any of its affiliates. Neither theinformation herein nor any opinion expressed herein constitutes or is intended to constitute investment advice or an offer to sell or solicit any person to purchase any security. FinishRich is a trademarked brand used by David Bach and FinishRich Media LLC. and none of David Bach, FinishRich Media LLC. [or The Edelman Financial Group or any of their affiliates] guarantee any financial results or a positive outcome to your personal situation.