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Debt Free For Life: The Finish Rich Plan for Financial Freedom

3.19  ·  Rating Details ·  432 Ratings  ·  94 Reviews
GOODBYE DEBT—HELLO FREEDOM!
 
Most of us grew up with the idea that there is good debt and there is bad debt.   Good debts are generally considered to be debts you incur to buy things that can go up in value—like a home or college education.  Bad debts are things like credit card balances, where you borrowed money to buy things that depreciate or go down in value, like most
...more
Hardcover, 288 pages
Published December 28th 2010 by Crown Business (first published January 1st 2010)
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Community Reviews

(showing 1-30)
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K.M.
Feb 26, 2011 K.M. rated it did not like it
Shelves: self-help, finances
This book is just one more in the long line of books that he's written. If you learn nothing else from this book it will be that. He never stops talking about his other books. Over and over and over. He includes a lot of content from them in this book, as a matter of fact. You know the joke about the hundred word essay? Where the kid just writes "word" one hundred times? It reminds me of that.

I’ve read some of David’s other books (The Automatic Millionaire, Smart Women Finish Rich, Smart Couples
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Stacy
Jan 17, 2012 Stacy rated it did not like it
If you know anything about personal finance and are not currently suffering under crushing loads of credit card debt, do not read this book. You do not need it.
Thomas
Apr 05, 2013 Thomas rated it really liked it  ·  review of another edition
Recommends it for: Anyone who truly wants to get out of debt.
This is an excellent book. My wife and I have been completely debt free for over 7 years and only had mortgage debt for some 7 or 8 years before that. We had to "discover" on our own many of the things that are explained in detail in this book. Being debt free is truly liberating, and this book will definitely help you to be so if you actually do what it says.

The action steps David Bach recommends aren't difficult to do, and require only the will to do them. He provides a lot of information on h
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Jane
Jan 19, 2012 Jane rated it liked it
Shelves: personal-finance
Ok, this book is just the same common sense personal finance info rehashed. I can't give it more or less than 3 stars simply because if someone hasn't read as many personal finance books as I have, there is plenty of good advice as far as taking a look at your spending habits and really working at paying down your debt. No matter how
Many times I read the same personal finance info, it is helpful because it puts me in focus to pay down those debts and to think about paying down my mortgage faster
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Cindy
May 04, 2013 Cindy rated it it was amazing
Shelves: nonfiction
Happy New Years! It it time to take action on my New Years resolution and this book was a great step in the right direction. I have never read any previous books written by David Bach nor have I seen him on any television programs. In this book he does reference his other books and television appearances quite a bit but they are not necessary to have read before this. I found the way that Bach broke down the book into sections very helpful. He first goes over debt and how to manage it generally. ...more
Blake
Apr 09, 2014 Blake rated it did not like it
Audiobook. Picked this up at the library thinking I could probably get inspired or learn new ways to think about my finances. I found this book to be pretty much a complete waste of time. It was full of so much fluff that I could hardly stand it. This book could easily be cut in half by taking out a few things:
- the author telling you what he's going to tell you later in the book;
- the author trying to get you to a website;
- the author talking about how he wrote some other book or was on a sh
...more
Shawn Camp
Feb 10, 2011 Shawn Camp rated it it was amazing
Shelves: library, read-2012, itunes
Many reviews for David's latest book say its the same old thing or he's plugging all his other products. But from the standpoint of only reading The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich and now this, I came away with a lot of great information to help reduce my debt. So for the cost to purchase this book to the savings I will be earning thanks to his tips completely earns the 5 star rating here.
Andie
I thought that this book was really great! It was a very easy read, and had very easy explanations of the principles discussed. Great book for people of all amounts of debt, large or small. Some things weren't applicable to me right now, like mortgage, but they will be. I even learned how to talk to my credit card companies about lover APR's and find money that I didn't even know that I had. Great book that everyone should read!
Beth Gordon
Oct 16, 2011 Beth Gordon rated it it was ok
Not his best book. Most of it is hawking Debt Wise, his new endeavor that he makes even more money off of. For someone who coined the term latte factor, it seems kind of ironic that he's trying to get you to spend *only* 50 cents a day to sign up for a program that you can implement yourself for free.
Ricky Bates
Jan 06, 2011 Ricky Bates rated it liked it
Nothing that hasn't been written before. Plus a pitch for another service.
Tyler
May 15, 2017 Tyler rated it liked it
Shelves: personal-finance
My number one take away from this book is how terrible an idea it is to get into debt in the first place. He gives some good advice for how to prioritize paying off debt when you already have it, along with some other good advice about student loans and many other subjects, but the book really fails to address or emphasize the fundamental fact that people would be so much better off in the long run if they would discipline themselves and not get into debt in the first place. I really felt that w ...more
Jo Rhett
Oct 16, 2011 Jo Rhett rated it did not like it  ·  review of another edition
I have found that most financial interest books are worth listening to. For example, if you paid $10 for the book and you get $10 of knowledge from it, it's a worthwhile book. This is the first book that I have to say was a complete waste of time and money. I am poorer for having read it.

First, this book really is nothing more than a promotion for his website. He spends more than half the book touting his pay-monthly website.

Second, there's absolute no advice for getting out of debt in this book
...more
Yvonne
Jan 05, 2011 Yvonne is currently reading it
I think I'm a true Bach devotee because his Smart Women Finish Rich is the first financial self-help book I ever read. Anyway, I downloaded this book for free last night (a 24 hour deal he offered to his newsletter subscribers). I started it wondering how different it could be from the myriad of other self-help get out of debt books out there.... but he does have a much different take! Rather than focusing on lowest principle (Ramsey) or highest interest (Suze Orman), he recommends that you take ...more
L.A. James
Feb 20, 2017 L.A. James rated it it was ok
Pretty much the same information as his newest book The Automatic Millionaire.
24601
Jan 07, 2011 24601 rated it it was ok
Shelves: finance
There were some worthwhile chapters, such as a good explanation of credit scores and basic information about debt counseling and bankruptcy. That is the only reason it doesn't get just one star. I was put off by the strong "motivational" language and claims that America is in debt becuase we have been "misled" by credit card companies and "programmed" by advertisers to buy stuff we don't need. There wasn't really any explanation of budgeting or how to cut back on expenses. There were lots of ref ...more
Dea Minnick
I started listening to this book, but then switched to reading the hard copy.
This book was published in 2011 shortly after the crash. He mentions how he published this book because after the crash people started asking him how to get out of debt instead of how to build their financial portfolio, which was the main question before the crash.
I had already been conquering my debt for a year before this book was published. I also have a good credit score. So some of the information didn't apply to
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Mark
Jun 15, 2011 Mark rated it it was ok  ·  review of another edition
Shelves: non-fiction
Like a lot of people of my generation, I have more debts than I am entirely comfortable with. When I saw a free PDF of this book pop-up on a blog I follow back in January, I grabbed it and added it to my reading list. It's been languishing in my list for a while, but I finally got around to reading it. Now having finished it, I must say I'm glad I got it for free. It's not that the book is full of inaccurate info, but rather:
* The book contains a lot of self-promotion for the author's other boo
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Mj
Sep 19, 2011 Mj rated it really liked it
There isn’t anything earth shattering in this book about managing your personal finances. Most of the suggestions I had heard before. However I thought it rated 4 stars for the following reasons:

1. One of the best things I liked about the book was its tone. It was also the primary reason I rated the book 4 stars and not 3 stars. The tone was upbeat and positive. It seemed like David Bach was cheering me on. After reading it, I really wanted to put more aside for the future and he made me a belie
...more
Alison
Feb 08, 2011 Alison rated it really liked it
Shelves: non-fiction, finance, 2011
This review has been hidden because it contains spoilers. To view it, click here.
Lindsey
Jan 23, 2011 Lindsey rated it liked it  ·  review of another edition
Shelves: finance, ebooks
I have mixed feelings about this one. The information is good and accurate to the best of my knowledge. It would be a useful resource for someone in serious financial trouble. I read it largely because of the section on student loan repayment, but that contained nothing that is not available elsewhere.

If you are overwhelmed with your debt payments, this book would be of use to you. But if, like me, you are just looking for tips to cut expenses or eliminate debt faster, there is nothing new in th
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Coreyann
Jan 20, 2013 Coreyann rated it really liked it
Shelves: financial
While "Debt Free For Life" was heavy-handed on David Bach's partnership with a particular credit reporting bureau's monthly service, if one just ignores those messages, this book had very good points for everyone, regardless of where they are financially. Great tips on how to negotiate with banks and credit card companies. Information for those further under a debt crisis and in need of things such as debt management plans or bankruptcy. For me it was a highly motivational & inspirational bo ...more
Greg
Nov 05, 2011 Greg rated it liked it
4 stars to the content: Clear, concise explanation for beginners at the game of becoming debt-free or for people looking to hear it all again a different way to renew their motivation or remind them what they should be doing. Only real criticism here is that there seems to be a lot of emphasis on people who are in really poor shape, i.e. need to get help from a non-profit debt counselor or file bankruptcy. My wife and I are far from that category and just looking for some ideas to make the proce ...more
Erin
Feb 07, 2017 Erin rated it it was ok
Pretty much the same beginner investment advice you'll get from a dozen different sources. Pay yourself first, organize your debts and focus on paying each one off in priority order, etc. This book focuses a lot on credit card debt with only a little information about mortgages and other types of debt (student loans, cars). There were a couple useful nuggets but if you've read anything about personal finance and aren't drowning in credit cards, this book isn't really earth-shattering. I suppose ...more
Joe Williams-Nelson
Jun 06, 2015 Joe Williams-Nelson rated it did not like it
Do not read this book. Like money, your time should be allocated with wisdom. Though David Bach's earlier books provided fresh content his latest do not. They are really just recycled templates to fulfill his obligation to his publishers for the advance he got years ago to write a certain number of books.

Once celebrity status has been reached, unfortunately publishers believe fans will buy blindly the next book in an established authors' collection. And this is precisely why libraries are the g
...more
Leah
Oct 12, 2011 Leah rated it it was ok
Recommends it for: those who have NOT read Bach's other books, debt dummies (no offense intended)
There's *not* a lot of new information if you've read any other financial expert's books, especially David Bach's. But there were a few tips that I didn't know about, such as the ability to request a lower interest rate on your credit card from the issuer. And the brief overview of how much faster one's mortgage can be paid off was helpful as well. Those two points though left me needing a bit more analysis and explanation, which I sought online.

I did sign up and try out the Debt Wise system tha
...more
Cil
May 19, 2013 Cil rated it liked it
This review has been hidden because it contains spoilers. To view it, click here.
Tony Canas
Nov 22, 2011 Tony Canas rated it liked it
I've read a LOT about personal finances, and I really liked the Automatic Millionaire by Bach. This one is pretty good, but not quite as good as Dave Ramsey's books. The only new thing I learned on this one is that an old debt that you haven't made a payment on for years might be time barred and uncollectible now, but it varies by state. It's an ok read, but there are better ones out there. I'd recommend "Getting Loaded", "I will teach you to be rich" and anything by Dave Ramsey instead. Also, I ...more
Melanie
Mar 22, 2014 Melanie rated it did not like it
Self-promotion out the wazoo. The stuff is really basic but he keeps a positive tone, as opposed to some other personal finance writers. His principle for everything is really basic; automate everything and pay yourself first. He's a smarm who copyrights everything though, like The Latte Factor, Dead on Last Payment and something else I've forgotten, and he spends more than a chapter of this book promoting his partnership with Equifax for a premium debt-payment service.

If you must read Bach, try
...more
Waseem
Feb 17, 2015 Waseem rated it did not like it
Ok am half way through the book and now it's getting beyond a joke - it's like a sponsored book by equifax / debt wise - repetitive promotion ( we heard you the first 10 times )

Just rehashed nonsense of his many other books - nothing groundbreaking and I'd like to think his readers deserve more - authors like this annoy me who continuously launch " new books " for the sake of selling books vs serving new genuine education worthy of fans or followers coming back for more

Waseem Mirza
http://www.Wa
...more
Andrew Mutch
Mar 05, 2011 Andrew Mutch rated it liked it
There's some useful information in this book especially for those struggling with debt. But the good parts are overwhelmed by the author's style of writing and his reliance on text that either is frequently bolded or in ALL CAPS! Plus, there's a lot of unnecessary pushing of the author's other works, an online financial product he endorses and other marketing for various ventures of the author. It may be worth slogging through to get the nuggets of good financial advice and information but his s ...more
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