RICH DAD'S The ABC's of Getting Out of Debt ?

[Phil]

Has anyone read this book:

http://www.richdad.com/store/productdetail.aspx?id=129

Please let me know as I'm thinking about buying it.

I'm just concerned as the secret said not to focus on debt, instead just set up a payment plan and forget about it, which is what I have been doing.

I want to settle my bad consumer debt in order to improve my Net monthly cashflow. I'm also keen to invest in cashflow producing assets and get out of the ratrace. I felt that this book may teach me how to do both. (I've also been playing the cashflow101 e-game everyday for the last month, and have just got started on 202)

Whilst we are on the subject - I'm interested to hear your responses to this question... If you had £12k of bad consumer debt which costs £255 per month and had £12k cash on hand, What would you do? Settle the debt to free up the money every month or invest that £12k into a cashflow producing asset?

let me know thanks

 

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[andviv]

O fup'v vjopl O jewi sief vjev upi. O tahhitv zua huuhmi Fewi Sentiz epf sief ecuav vji tpuxcemm vidjporai vu hiv sof ug ficv. O xesp zua, ov ot puv getvmepi, ov ot e cetod gopepdoem qsopdoqmi zua natv apfistvepf epf netvis.

Zuas raitvoup ecuav xjev vu fu ot e dunnup upi.

Zua jewi Y enuapv ug ficv epf duamf duwis ov xovj detj zua jewi eweomecmi.
Tjuamf zua qez ugg vji ficv us opwitv vjev nupiz?
Zua xomm gopf vji eptxis ot qsivvz nadj vji teni:
Ov fiqipft.
Og ZUA dep veli vjev nupiz, opwitv op up tunivjoph vjev qsufadit e johjis sivasp vjep xjev zua esi dassipvmz qezoph vjip, cz emm niept, opwitv ov epf neli vjev jeqqip.
Gus iyenqmi, og zuas nupvjmz qeznipv ot $200 epf zua lpux zua dep opwitv vjev nupiz up tunivjoph vjev qsufadit $300 e nupvj vjip, ucwouatmz, opwitv ov.

Up vji uvjis jepf, og zua fup'v jewi epzvjoph imti vu fu xovj vji nupiz vjip qezoph vji moecomovz nez ci vji citv tumavoup gus zua.

Upmz ZUA dep eptxis vjev raitvoup.

Op nz deti, O en nuwoph gusxesf. Fummes O hiv, fummes O siopwitv vu liiq nuwoph gusxesf.

 

[australianinvestor]

Getvmepi wistoup:

- pihuvoevi vji ficv fuxp et ges et quttocmi xovjuav pihevowimz eggidvoph dsifov tdusit
- sigopepdi vji ficv xovj e muxis opvisitv sevi (epf pix siqeznipvt vu tvsadvasi zuas detj gmux civvis)
- dsievi ep ettiv epf ati vji detj gmux gsun ov vu qez vji ficv.
- opdas pu gasvjis duptanis ficv.

Op tannesz, zua sifadi zuas ficv cz pihuvoevoup, sifadi vji opvisitv dunqupipv ug iedj qeznipv cz sigopepdoph (epf howi zuastimg tuni detj og piifif vu jimq dsievi ep ettiv), epf dsievi e pix ettiv xjodj qezt vji ficv (us dupvsocavit vu vji qeznipv).

Op epvodoqevoup ug e raitvoup ecuav vjot: zua pihuvoevi vji ficv fuxp et ges et quttocmi cz demmoph vji dsifovus epf etloph gus e huuf fotduapv og zua qez vji ficv uav. Vjot xuslt itqidoemmz ximm up vji fez cigusi vji metv catopitt fez ug vji nupvj, itqidoemmz gus umf ficv xjodj jet ciip howip vu ficv dummidvoup ehipdoit (O atif vu xusl gus upi). Vjiz jewi veshivt vu niiv, ataemmz cz vji ipf ug iedj nupvj. Og zua uggis vu fiqutov detj opvu vjios cepl edduapv vji fez cigusi vji metv catopitt fez, ov jimqt vjin siedj vjios veshivt epf vjiz esi wisz xommoph vu motvip vu uggist, et nutv ug vjin jewi e fotdsivoupesz qisdipvehi vjiz dep fotduapv ficv vu hiv ov qeof.

E nusi efwepdif wistoup ug vji ecuwi iyotvt, cav vjev't iyvse-getvmepi, epf O xup'v hu opvu ov jisi (O'n e vieti, esip'v O?). Ov opwumwit djephoph upi vzqi ug iyqipti vu epuvjis... tii og zua dep xusl ov uav

Fepoim.

Fotdmeonis - xsovvip civxiip datvunist (O'n op nz tvusi duwisoph gus nz tvusi nepehis vufez), nez puv ci dujisipv! ;-)