How to Get Out of Debt, Stay Out of Debt, and Live Prosperously*

Revised

Mundis, Jerrold 저자(글)

Bantam Dell · 2002년 12월 31일

책 소개

Jerrold Mundisis a writer, speaker, and counselor. His books have been selected by the Book-of-the-Month Club, Literary Guild, One Spirit Book Club, and others, and translated into a dozen foreign languages. His short work has appeared in such publications as the New York Times Magazineand American Heritage. A recovered debtor himself, he is intimately familiar with the success of the Debtors Anonymous program. Mundis speaks regularly on debt and personal money for clients ranging from the U.S. Customs Service to the National Education Association, Unity Church, and professional societies and associations. He also works privately with individuals across the United States and in other countries as well, by telephone. Jerrold Mundis lives in New York City.
What Is Debt? I.O.U. In its simplest definition, you are in debt when you owe some person or institution money. We need a refinement though. For our purposes, a secured loan is not a debt, even though money has been loaned to you. The Secured Loan To secure something is to make it safe. When you secure a loan, you free the lender from any risk of losing his money. That's why he's willing to lend it to you, he has no fear of loss. Your word, your good faith, even your unfailing history of repayment do not secure a loan. What happens if you have medical emergencies, lose your job, or simply go bonkers and run off to Brazil? If, for any reason, you just don't have the money to pay the loan back? The lender loses his money, that's what. Collateral, in its primary definition, is something that runs side by side with something else. In financial terms, collateral is property you pledge to the lender or actually give to him to hold during the course of the loan. That property is security, it's what makes the lender's money safe or secured. When you pay him back, he returns it to you. A loan from a pawnshop is a classic example. You bring your camera to the pawnbroker. He loans you $75. When you repay him the $75 (plus interest, of course), he gives your camera back to you. If you don't repay him, he keeps your camera. You don't own your camera anymore, but you don't owe him $75 either. The loan is over. Fine, you say, but you're not interested in hockshops and cameras. You're talking big money, $5,000, $50,000, more. The Numbers Don't Make Any Difference. A loan is a loan, whether it's for $5, $500, or $50,000. And collateral is collateral, whether it's a television set or a television station. One of the most common forms of secured loan is a mortgage. Let's say I'm buying a house for $150,000. I've saved $30,000, which I use for the down payment. The bank likes my job history, my salary, and my credit record. They have confidence in me. But that confidence alone isn't enough to persuade them to lend me the additional $120,000 I need, not without strings attached. Life's too unpredictable for that. So they require me to give them a mortgage on my house, a document that generally grants them all legal rights to it if I default, that is, if I fail to make my loan payments for a specified period of time, usually about four months. The bank then has the right to foreclose the mortgage, to take possession of my house in lieu of what I owe them, sell it, and keep the proceeds or the bulk of the proceeds for themselves, thus recouping their $120,000. I've secured the loan by pledging my house as collateral. I've eliminated the risk that the bank will lose their money if they lend it to me. Car loans work the same way. I buy a new Chevy for $24,000. I put $5,000 of my own money down and borrow the balance, $19,000, from a bank or from General Motors. To get the financing, I sign a document that gives the lender all rights and title to the car if I don't pay the loan back. If I default in either of these cases, I lose my house or my car. That would be painful, but I would not owe money to anyone. I would not go into debt, provided I had made a large enough down payment. That is an important provision. Normally what happens in the case of a house or a car walked away from, foreclosed upon, repossessed or otherwise reclaimed by the lender, is that the lender sells off the property, deducts the amount received from the outstanding balance, and arrives at a new balance owed: the old one minus the proceeds of the sale. Let's say that Frank, who still owes $9,000 on his Honda, is moving to another state and a new job where, among other benefits, he will have the use of a car. He's broke and under time pressure. So he turns the car over to the creditor (almost always a bank), and says, "Here, it's all yours. The loan is over.&
A simple, proven-effective formula for freeing yourself from debt-and staying that way Revised and updated, with a new Preface by the author "If you've tried Dave Ramsey without success, read this."- Time,"Top 10 Personal Finance Books" THE CLASSIC GUIDE, REVISED WITH UP-TO-THE-MINUTE INFORMATION OUT OF THE RED Do this month's bills pile up before you've paid last month's? Do you regularly receive past-due notices? Do you get letters threatening legal action if immediate payment is not made? Do the total amounts of your revolving charge accounts keep rising? INTO THE BLACK Whether you are currently in debt or fear you're falling into debt, you are not alone. Sixty million Americans-from doctors to secretaries, from executives to the unemployed-face the same problem and live under the same daily stress. Based on the proven techniques of the national Debtors Anonymous program, here is the first complete, step-by-step guide to getting out of debt once and for all. You'll learn how to recognize the warning signs of serious debt how to negotiate with angry creditors, collection agencies, and the IRS how to design a realistic and painless payback schedule how to identify your spending blind spots how to cope with the anxiety and daily pressures of owing money plus the three cardinal rules for staying out of debt forever, and much more! This book is neither sponsored nor endorsed by Debtors Anonymous. A recovered debtor, the author is intimately familiar with the success of the Debtors Anonymous program.
With up-to-the-minute information . . . And an all-new preface by the author! Out of the red . . . Do this month's bills pile up before you've paid last month's? Do you regularly receive past-due notices? Do you get letters threatening legal action if immediate payment is not made? Do the total amounts of your revolving charge accounts keep rising? Into the black . . . Whether you are currently in debt or fear you're falling into debt, you are not alone. Sixty million Americans--from doctors to secretaries, from executives to the unemployed--face the same problem and live under the same daily stress. Based on the proven techniques of the national Debtors Anonymous program, here is the first complete, step-by-step guide to getting out of debt once and for all. You'll learn: How to recognize the warning signs of serious debt How to negotiate with angry creditors, collection agencies, and the IRS How to design a realistic and painless pay-back schedule How to identify your spending blind spots How to cope with the anxiety and daily pressures of owing money Plus the three cardinal rules for staying out of debt forever, and much more! This book is neither sponsored nor endorsed by Debtors Anonymous. A recovered debtor, the author is intimately familiar with the success of the Debtors Anonymous program.
With up-to-the-minute information . . . And an all-new preface by the author! Out of the red . . . Do this month's bills pile up before you've paid last month's? Do you regularly receive past-due notices? Do you get letters threatening legal action if immediate payment is not made? Do the total amounts of your revolving charge accounts keep rising? Into the black . . . Whether you are currently in debt or fear you're falling into debt, you are not alone. Sixty million Americans--from doctors to secretaries, from executives to the unemployed--face the same problem and live under the same daily stress. Based on the proven techniques of the national Debtors Anonymous program, here is the first complete, step-by-step guide to getting out of debt once and for all. You'll learn: How to recognize the warning signs of serious debt How to negotiate with angry creditors, collection agencies, and the IRS How to design a realistic and painless pay-back schedule How to identify your spending blind spots How to cope with the anxiety and daily pressures of owing money Plus the three cardinal rules for staying out of debt forever, and much more! This book is neither sponsored nor endorsed by Debtors Anonymous. A recovered debtor, the author is intimately familiar with the success of the Debtors Anonymous program.

작가정보

저자(글) Mundis, Jerrold

목차

• Preface	p. 1
  The Debt Spiral
  What Is Debt?	p. 9
  The Nature of Debting	p. 19
  Warning Signs	p. 23
  How We Get There	p. 35
  Stopping The Debt Spiral Cold
  The Concepts of Change	p. 57
  Laying The Foundation	p. 69
  The Heart of It	p. 81
  A Tool Nearly As Good As the Wheel	p. 89
  Getting Stronger	p. 105
  The Spending Plan	p. 125
  Stabilizing	p. 133
  The Spending Plan Redux
  Building a Margin
  No Margin?
  Moratoriums
  Increasing Income
  Do It Again
  Turning It Around
  A New Mode	p. 143
  Taking Action
  To Hell with the Results
  Serenity
  Keep It Simple
  Easy Does It
  Show Up
  Act as If
  Comrades in Arms	p. 155
  Even the Lone Ranger Had Tonto
  Debtors Anonymous
  Or
  Through A Glass, Clearly	p. 161
  You Don't Have to Do Anything
  Look at That!
  Fieldstripping Your Vocabulary
  I Never Knew I Was This Good
  What the Bacon Looks Like
  Freedom, Prosperity, and Abundance
  Getting Out: Part 1	p. 177
  A Full Commitment
  The Ideal Repayment Plan
  A Dollar a Month
  Repayment Plans Aren't Always Ideal
  The Question of Interest
  Insane Interest
  Debt Shifting
  Getting Out: Part 2	p. 187
  Honesty
  Hi, It's Me
  A Simple Business Transaction
  Moratoriums and Restructuring
  A Brief Word about Numbers
  Consolidation Loans and Pooling
  The Contact Log
  The Reduction Record
  The Liquidation Record
  Here Lie Monsters (if You Think So)	p. 199
  The Customer Account Department
  Collection Agencies
  The IRS
  It's Not a Court of Inquisition
  The Credit Rating, or: Whose Graven Image Is This?
  Supports	p. 213
  HALT
  P.S., Your Furnace Is Dead
  "Keel The Bool."
  Rainy Days
  An Additional Note on Secured Loans
  I'll Drink to That
  Specialties	p. 221
  The Vacuum Principle
  In and Out in 24 Hours
  The Ideal Spending Plan
  What, Precisely, Do You Want?
  Targeting
  The Real Stuff
  Generosity
  It's A Big Universe	p. 237
  However You Understand It
  Staying Out: Part 1	p. 241
  The Three Cardinal Rules
  Nothing Can Make You Debt
  Use This Book
  Fool Me Once, Shame on You, Fool Me Twice, Shame on Me
  How Could Anyone Do That (Now That I'm Not)?
  Those Good Friends
  Staying Out: Part 2	p. 245
  The Money Comes In
  Commonplace Miracles
  Opportunity Knocked and I Wasn't Home
  Where Is It Written That You Have to Work for Money?
  Prosperity and Abundance
  Supplementary Matters	p. 251
  Debtors Anonymous
  Books.
  Magazines and Newspapers
  Professional Advisers
  Psychotherapy
  Institutions and Organizations
  A Closing Note	p. 257
  Table of Contents provided by Syndetics. All Rights Reserved.

기본정보

ISBN	9780553382020 ( 0553382020 )
발행(출시)일자	2002년 12월 31일
쪽수	336쪽
크기	130 * 206 * 18 mm / 249 g
총권수	1권
언어	영어