Brian Tracy reviews David Bock's Debt Free for Life, a guide to eliminating personal debt. He warns that $2,000 at minimum payments costs $9,000 over 10 years due to compound interest. The book shows how to avoid long-term debt and achieve financial freedom.
Hello. Here's one of my favorite books lately. It's David Bock's book, and it's called Debt Free for Life. David has had eight New York Times best seller, every one of them to help you get out of debt and to become financially independent. And he sold 7 million copies of his books. And well he should because he writes so well. This is. David gave this to me personally. He's a good friend of mine. We spend a lot of time together each year. And David's a very smart guy. And what he does is he shows you in this book is how to get your debt under control. Now, my belief is that debts, personally or family or international national debts are killing us. We reached the point now where we're so deeply in debt that if we don't get out, we'll spend the rest of our lives paying it off. Do you know that if you have $2,000 on your credit card and you pay the minimum payment every single month, you'll end up paying $9,000 to pay off that $2,000 over the next 10 years? That's what interest does. Albert Einstein once said that compound interest is the most powerful force in the universe. And what David shows you is how to get out from under the compound interest, the bills, the credit cards, and so on. How to get debt free and stay debt free for life. So get this book, Debt Free for Life. Read it and apply it. It can change your life and the life of your family forever.
