Zero Debt: The Ultimate Guide to Financial Freedom

by Lynnette Khalfani and Lynnette Khalfani-Cox

Book Overview

Zero Debt will helps readers put a financial fortress around themselves, offering tips on budgeting, the importance of having insurance, low-cost strategies for creating an updated will, creative ways... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 1932450750
• ISBN13: 9781932450750
• Release Date: August 2004
• Publisher: Advantage World Press
• Length: 204 Pages
• Weight: 0.70 lbs.
• Dimensions: 0.5" x 6.1" x 9.1"

Customer Reviews

Better than most other books out there on the topic

Lynnette is keeping it R-E-A-L!! Ok, there is better advice here than any other of the myriads of books on getting out of debt. You can tell the difference between her book and most others! She really cares and has a counseling attitude along the way. There is no gimicks or alluding to techniques that are covered in another book, and no crazy formulas. This is straight talk, and great advice, similar to what a relative would do if she sat down with you every night for 30 days because she loved you and wanted you to get your financial house in order, for good. Her 30 day plan, which you could turn into a 30 week plan depending on your psychological readinees for change and transformation and amount of work to be done getting clarity and control on the financial front - is heaven sent. I like her approach. I like some other books techniques as well - like David Ramsey- establish 1 month emergency fund first and then tackle the bills. However that in itself is not always wisest. I prefer the pay yourself first through automatic pre-tax deductions, as espoused in the David Bach world, and then start your debt plan. But Lynnette Khalfani, unlike others, she acknowleges the addictive process of debt. How useless it is to cut up your cards, and go on a debt diet, pay everything off, or get a home equity loan, and then binge later and end up back where you were before. I find her approach to be very real and refreshing. Even her guidance on when and how to call your creditors: early in the morning on a weekday, nicely, and talk to a supervisor. Following her advice I was able to lower my interest rate on 1 card by 15% APR from 30% to 15%! Additionally, I found out that one of my cards was closed by the creditor, but I never knew, until I called to find out what was going on with the APR! Finally, I find her advice on prioritizing debts to be really unique versus others. Her advice is start with what is driving you crazy the most, what is keeping you up late at night. For some it might be high APR - but not always. This is what is hugely different from the other authors who assume the APR is the key to MOTIVATING your debt reduction plan. This is WRONG for me, and she was the only author who nailed this! I have a Sallie Mae Financail Career Training loan which is a HUGE rip off. I'm paying 17.5% on $17.5k, and the interest alone amounts to over half the monthly payment required! Crazy. This is my huge motivator, as well as the card closed by the creditor. No, I don't need any debt snow ball to motivate me (like David Ramsey espouses). I have enough regret with those two to create my own momentum. The last thing she states which (since I'm not through the book yet, but only on page 44...!) I think is outstanding, is to put all the interest you pay every month in writing. In other words, see in writing how much your debt is costing you. That exercise alone is enough motivation to gain committment to the cause, and overcome

zero debt

This book was really good. I will be reading it again so that I can apply the steps in order. I am about 50% at my financial goal and plan to reach 100% by August 2007.

Dig Out

You might say Lynnette Khalfani is perfectly qualified to tell people how to get out of debt. She's been onstage with Dr. Phil and Jane Pauley and numerous others talking to people about spending wisely and managing their debt. However, what makes her the perfect candidate is that she was over $100,000 in credit card debt herself and dug herself out of it in only three years. While that fact is very impressive, the valuable step-by-step instructions on how to get out of a financial rut is what makes ZERO DEBT a book you'll really want to have. Khalfani provides her readers with an easy to follow plan to get out of debt. She starts the lessons by defining debt and how most people find themselves caught up in it. Whatever the reason for the debt, it seems Lynnette Khalfani has a plan for it. From simple requests like opting out of credit card offers to more complex tasks like gathering all your bills and finding out what you owe, ZERO DEBT is well-balanced and simple. ZERO DEBT is written in an easily followed conversational tone, a helpful trait when talking about finances to those who are already stressed when they pick up the book. Lynnette Khalfani breaks it down for the rest of us and I, for one, am grateful she did. I'll be following her steps to get myself on track financially and plan for the bright future ahead. (RAW Rating: 4.5) Reviewed by CandaceK of The RAWSISTAZ™ Reviewers

Zero Debt offers easy to follow sensible advice

I read Zero debt in a matter of hours however the lessons learned will last a life time. From the easy-to-understand straight forward advice to helpful web sites and tools Zero Debt is an excellent primer on managing your personal finances. It has certainly helped me.

Bling, Bling and Broke No More - Hooray for Zero Debt!

After taking Lynnette khalfani's Zero Debt workshop at the Learning Annex I was convinced that even I could turn my financial life around. During her workshop, she guided us through a number of techniques to help improve our credit ratings, handle existing creditors, and learned what to say to aggressive bill collectors. The room was packed while she spoke for nearly 3 hours! Honestly, we would have stayed for six hours because the author is a wealth of knowledge. I would recommend her book (used extensively during the workshop) to anyone deep in over their heads in debt and especially for young college students...the fastest growing segment filing for bankruptcy (we learned during the workshop). Zero Debt is written as a 30 day action plan. However, it won't take you 30 days to read this gem. The information is delivered clearly and in a reader friendly format that anyone can understand.