Bi-Vocational Pastor/Draftsman. Full time husband and dad. Audiobooks are a staple in my life because I can read and work...
Even if you might not adhere to Dave's plan exactly, the idea of slavery to debt and freedom from it are very motivational. I feel like the examples he uses are real life people and he doesn't use terms or language that is reserved for finance professionals. It really is a good, practical plan for getting out of debt via hard work and perseverance. Even though his plan is not the best "mathematically", the point of getting some quick wins by paying off the lowest balance without regard to interest rate is a legitimate point. Honestly, you can hear most of the content of this book in his daily podcasts. I do recommend this book to people.
This updated version is worth the listen even if you have the first edition because it is filled with real life examples of people who went through with the steps in the first book and were successful.
I wish there would've been some people who didn't make it and why. I feel like a lot of people wouldn't have been successful due to family responsibility. There isn't much advice for people who are married and have children. Tim is obviously single at the time of writing and able to focus on things without family responsibility.
This book makes you want to get up and do something...but sometimes reality hits if your spouse isn't going along with your ideas.
Excellent read and resources...
This is a must read for anyone (day traders, investors etc). Very educational! Book introduces you to many things including bucket shops, the fallacy of following the crowd and how fundamentally nothing changes in wall street. This book is an eye opener and following some of the simple principles mentioned will get anyone ahead of the crowd and will make some $. I continue to listen to this book regularly.