Hello-

I’ve started reading Debt Rescue from Michelle Boudreau and so far I’m bored to death. I mean to start it’s a 280 page on how to get out of debt and build wealth. That would take anyone a long time to read. Yes, here mission statement says she wants to increase financial awareness across America but do we really need to know about the history of credit cards? The first chapter of the book is 8 pages on the history of credit cards. To some this may be useful but for those of us who want to learn how to get out of debt how can this help us that much and put it into action?

Most people rarely read books, let alone financial books and if you start off the first chapter of your book like this then it’s unlikely they will read the rest of the book. But since I am doing a review of Debt Rescue I have to keep reading. It’s not until chapter 2, 29 pages later that we start getting some tips and techniques to reducing what we owe. The secret - get organized. Get all your bills and statements together and write down how much debt you owe. You have to know where your money is going in order for you to reduce unnecessary spending and allocate more to debt reduction.

And of course you could use her Debt Rescue Club membership site to help you track your income and expenses, for only $39.95 a month. If we are trying to cut our expenses, how can adding a $40 a month bill to our expenses help us when there are some cheaper or even free options out there?

She then gives some useful advice on which bills to pay first - taxes come first and not your mortgage or car. She says it’s not a good idea to have to worry about owing the IRS money. They are the only ones who can take you to jail if you do not pay them. The mortgage company and credit card company cannot do this. So make sure you are up to date on your taxes.

So that’s the first 2 chapters of Debt Rescue. Throw out the first one and the second one is useful and actionable.

Thanks for reading,

Adam

Debt Rescue Reviews

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