Comments on: Getting Out of Debt by Ken Clark

By: commonsense

commonsense — Fri, 22 May 2009 04:58:51 +0000

Hi Chiko,

You have piqued my interest, could you give me an idea of how you will retire at 25?

How did you pay for college?

How have you amassed your retirement fund?

Thanks for the info.

By: Chiko777

Chiko777 — Tue, 05 May 2009 14:24:38 +0000

Congrats! I am glad that you have come to the understanding that you need to cap the debt and start working on getting out of it.

Yes, retiring at 25 is a big goal, but I plan to get it done! It’s better to chase a dream worth chasing and fail, then not to chase anything and succeed in not chasing anything.

By: Mike

Mike — Tue, 05 May 2009 12:09:04 +0000

I have been in debt, paid it off, and repeated that cycle a couple times in the past 30 years. I agree with what you say about making bad decisions. With me, I have gotten lax for a while and allowed debt to pile up. Then I start to scutinize every purchase so I can get it paid off. It really is about scrutinizing every purchase. I agree, don’t buy the book if you have to charge it. Get it from the library.

By: Jim

Jim — Mon, 04 May 2009 20:50:27 +0000

I can’t say I disagree.

By: Anthony

Anthony — Mon, 04 May 2009 20:05:42 +0000

I’m sure that the book is very well written and full of ideas.

But websites, like Bargaineering, have the benefit of personal advice, multiple points of view (via comments and forums), and can remain up-to-date with their information. Go Bargaineering!

By: Anthony

Anthony — Mon, 04 May 2009 20:03:10 +0000

25?! Wow! That’s a nice goal!

In any case, I agree with you. The best way to get out of debt is to not get into it. Unfortunately, that’s not the case for most Americans/people. I’m in the “people with debt” boat. But I’m definitely wiser now. I live thriftier and haven’t noticed a huge change in my lifestyle.

By: Daniel

Daniel — Mon, 04 May 2009 15:35:20 +0000

The Compolete Idiot’s line actually has quite an extensive line of titles in the Personal Finance category – http://us.penguingroup.com/nf/Browse/BrowseStdPage/0,,265354,00.html

By: Chiko777

Chiko777 — Sun, 03 May 2009 23:17:58 +0000

I am currently debt free at the age of 22 and I suggest that the only way to get out of debt is to not get into one. I went through college with out having to take out a loan and that’s why I don’t owe $80K.

Most people find it easy to borrow from lenders, instead of doing it the old-fashioned way of saving and investing until they have enough money to buy the thing they want or need. I plan to retire by 25, and the only way I am going to do that is by being debt-free and creating enough passive income greater than my full-time job.

By: Rajeev Kumar Singh

Rajeev Kumar Singh — Sun, 03 May 2009 12:13:51 +0000

Looks like a good book to read …where can we find it on net? Is it available for download? The review has got me excited to read this one.

By: katy

katy — Sat, 02 May 2009 19:06:27 +0000

Jerry Mundis’ GET OUT OF DEBT, STAY OUT OF DEBT AND LIVE MORE PROSPEROUSLY will help the most – if you do the work.

By: katy

katy — Sat, 02 May 2009 19:05:25 +0000

Yes, get it at the library or read it in the bookstore. We pay taxes for the library!

$$ should be used for food; getting a job; rent; clothes. Bare minimums. When you’re more flush…