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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.

David, I wanted to pass along a big THANK YOU for saving me money on my car insurance. I've been with the same car insurance company for almost 14 years and didn't bother to shop around because I figured they were giving me the best deal for sticking with them so long...BOY was I wrong! I took your advice and shopped around on line (It was really easy an fast!), and found BETTER coverage for a price $600 less a year then what I was paying. I couldn't belive it. I called my current provider to ... more



- Charmaine Dahlenburg
Baltimore, MD

Baltimore, MD

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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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    Advisory Services offered through Edelman Financial Services LLC. Securities offered through Sanders Morris Harris Inc., an affiliated broker/dealer, member FINRA/SIPC

    David Bach is Vice Chairman of Edelman Financial Services LLC, a Registered Investment Advisor. He is an Investment Advisor Representative who offers advisory services through EFS and a Registered Representative of (and offers securities through) Sanders Morris Harris Inc., an affiliated broker/dealer, member FINRA/SIPC