Safe financial management

Author: Jon Hanson (USA)
Publisher:
Publish Date: 2006-06-01
Features: In the United States, the New Year's resolution of ranking has shifted from weight loss to escaping debt; in China, a new survey shows that 37.1% of respondents have become "debt slaves" due to housing debt. However, the author of this book, with a light and cheerful tone, tells you that some debts can also be good debts—the key lies in how you manage them. In the framework established by the author, you can understand how debt works, how much debt is too much, and how to detect danger before debt becomes a problem... This is a book on financial management, but also a guide to life... In the United States, the New Year's resolution of ranking has shifted from weight loss to escaping debt: in China, a new survey shows that 37.1% of respondents have become "debtors." However, the author of this book, with a light and cheerful tone, tells you that some debts can also be good debts—the key lies in how you manage them. In the framework established by the author, you can understand how debt works, how much debt is too much, and how to detect danger before debt becomes a problem. This is a book on financial management, but also a guide to life. Don't let debt sentence you to death. For most people, it is necessary to take on some debt to send their children to college, buy a house, or buy a car. Some debts are bad debts, and some are good debts. The author once escaped from debt and now he can help you avoid the same path. He not only teaches you financial management but also emphasizes self-discipline and establishing a healthy attitude toward debt. For example:
Misconception: Debt is just a financial problem.
Fact: Debt doesn't just make us lose money; it also makes us lose freedom, time, opportunities, and inner peace. Debt makes us cowards.
Misconception: Debt can be used to pay for goods or services.
Fact: Debt cannot pay for anything—it merely means we must give up future income.
Misconception: It's impossible to get rich without a high salary.
Fact: Almost any income can create wealth for you.