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 Step 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.
Buy the Book
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Hi David, It's been quite a few years since I've read Automatic Millionaire, along with ALL of your other books. I only recently checked out your online resources after reading Automatice Millionaire Homeowner. After reading Automatic Millionaire and sharing with my wife, I made many positive strides based on your advice. My wife and I started cooking more food for dinner so that I had left overs for work, saving more than $7 per day - this included cutting out the soda per day and switching ... 
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.
