Debt-Free on Any Income

by Tracy Shamo and Lyle Shamo

Money- it's a word no one can feel neutral about. Authors and money-management experts Lyle and Tracy Shamo say, "Like it or not, meeting basic needs has nothing to do with poverty and everything to... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 1590382749
• ISBN13: 9781590382745
• Release Date: January 2004
• Publisher: Shadow Mountain
• Length: 189 Pages
• Weight: 0.80 lbs.

Customer Reviews

Great

Just a great book. make sure you get it with the disk! (if you are buying used) you'll definitely want it to help put these ideas into action!

Practical guide and Easy to use

I bought this book about a year ago but only started reading it/using it recently. It is very easy to follow and the cd-rom worked great for us. It showed us a practical, sensible way to get out of debt...and stay out. I wouldn't let the Mormon or LDS part keep you from trying this book. The financial advice is sound and practical for anyone. I have heard of "power payments" before but never had it presented in an easy to understand format. The cd-rom is simple to use. I had put off using the book and cd-rom because I thought the theories and the s/w would be too complicated and over my head. I shouldn't have worried about it. Even though I am not an experienced Excel user or even a spreadsheet user, it was no problem. I highly recommend this book to anyone either in debt or hoping to avoid debt.

Debt Trouble to Peace of Mind

The Shamos' book, Debt-Free on Any Income, is a welcome addition to the body of personal finance literature. It is aimed at those already in consumer debt distress and it details a debt-payoff strategy leading to the goal of living debt-free, on a pay-as-you-go budget. The authors are Mormons and have directed their book primarily to other Mormons - sub-title, "A Practical Guide to Financial Security for Latter-day Saints" - so readers should expect counsel from LDS Church leaders on prudent living. Nonetheless, a wide audience will appreciate the Shamos' principles and approach to personal financial management. The book is well organized and easy to follow. For those with access to a personal computer, the CD-ROM with Excel spreadsheets is very easy to use, however, the worksheets included in the text can be filled out by hand. I particularly liked the 20 page Appendix with money saving ideas across a range of topics. Take a look - I bought several extra copies to give to my adult children and friends in need.