Does his get out of debt and stay out of debt system work
2006-12-08 10:03:17 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Yes it does. The other posters are correct you don't have to buy his products but I like to have the "manual" on hand to remind me why I am doing this stuff! My husband and I went through his Financial Peace University (FPU) and it was well worth the money. It is a 13 week program and we met every week and it started us on being accountable and find out we weren't the only ones in quick sand of debt.
You (and significant other if you have one) must be committed to get out debt in order for this to work. He is tough on his ideas but great feeling to get debt paid off.
The first poster is correct, it is common sense. But since we have all been "programed" to "like" credit because all the ads ("buy now, pay later" "You deserve..."etc) it isn't common sense if you weren't taught to use cash at a younger age. Many people have to break through the cycle of credit. Good luck!
2006-12-11 22:18:20 · answer #1 · answered by mldjay 5 · 1⤊ 0⤋
Yes, but there's no need to pay him for his system, you can just do it!
Quit spending money on anything other than mortgage/rent and rice & beans.
Cut up your credit cards.
Pay off your smallest debt first. (Pay minimums on anything else, and get a second, third or fourth job to raise the cash to get rid of that debt as quickly as possible)
Pay off the next one...
And so on.
2006-12-08 18:47:13 · answer #2 · answered by Anonymous · 1⤊ 0⤋
It's not so much as "his" system.....it's really just common sense and self-control.......spend less than you make and make consumer debt freedom THE priority in your life and have a lifestyle that is not paycheck to paycheck.
2006-12-08 18:26:09 · answer #3 · answered by Paula M 5 · 0⤊ 0⤋