Tuesday, February 2, 2010

REVIEW OF MASTER YOUR DEBT BY J.GOODMAN AND B. WESTROM

With all the financial problems that America and the consumers are faced with daily, many cannot get ahead. In the book, Master Your Debt: Slash Your Monthly Payments and Become Debt Free the authors discuss a variety of topics that include:


  •  Win the mortgage game: avoid foreclosure, obtain the best refinance, and modify your mortgage even if it is "under water"
  • Clean up your credit report and dramatically boost your credit score. 
  •  Negotiate new terms and payments for burdensome medical bills, student loans, and credit. card.Protect yourself from the devastation of identity theft.
  • Master the new credit card rules, and avoid the rate and fee traps.
  • Learn a revolutionary strategy that will help you become mortgage free in 5 to 7 years, change the way you pay all your bills, and save hundreds of thousands of dollars.
  • Pay for college without going broke.

The book contains websites, numbers, government programs and other information that a consumer can used to help them out of debt.

About the Authors-
JORDAN E. GOODMAN is a nationally recognized expert on personal finance. He is the author of the bestselling Everyone's Money Book and twelve other books. For eighteen years, he was the Wall Street correspondent for Money Magazine and also served as a regular commentator for NBC News at Sunrise and Mutual Broadcasting System's America in the Morning. Today, Goodman appears regularly on many radio shows, including public radio's Marketplace as well as on TV programs on Fox, CNN, CBS, CNBC, and MSNBC. He also speaks regularly to large groups such as the Harv Eker wealth seminars. Visit Goodman's Web site: http://www.moneyanswers.com/.

BILL WESTROM is a consumer advocate and veteran mortgage professional who has become a critic of the traditional banking system. His own businesses, IFS Development Group and TruthInEquity.com, focus on educating and empowering homeowners so they can make smarter choices about mortgages and employ an innovative mortgage reduction strategy; equity acceleration. Westrom's mission is to "change the financial landscape of this country by helping homeowners get more out of what they own and what they earn."


My Thoughts-

With two children going to college in two years, the book was just what I needed. Although I read the whole book, I zoomed in on the chapter “An Education in College Costs". I was unaware of all the different programs that were offered. There are many forms to fill out and if filled out incorrectly you could get less money for college. There are examples given throughout the book and they are very easy to understand. If you are in financial difficulties from credit cards or bankruptcy the book will guide you in the right direction. I liked all the resources that are listed in the Appendix and most of them are discussed in the book.



Disclaimer: I received a copy from FSB Associates for my honest review. I was not compensated for the review.

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