Category Archives: Finance

Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar (And Not Pay Some at All) by Jorge P. Newbery (Review #2)

Reviewed by Chris Phillips

According to the author and company that this book is basically an advertisement for, www.debtcleanse.com, Americans have been duped by creditors, credit card companies and other corporate entities into carrying on several self-serving relationships based on long-term or extensive term debt.

Mr. Newbery narrates the story of his problems when an unexpected natural disaster turned his business and enterprises into huge debts. He went from successful to broke and owning $26 million in debt in the matter of a few days following an ice storm. Instead of following the way of many in America, from the poorest to the wealthiest, he did not choose bankruptcy. He made the decision to not pay his debts, any of them.

Money Please Come Back: Changing Your Relationship with Money and Growing It by Jeremy Kho

Reviewed by Timea Barabas

Money Please Come BackJeremy Kho came back with another significant book about how to manage your finances. Following The Journey from Poor Procrastinator to Invested Millennia, which encouraged the reader to take charge of his or her finances and become an active economic agent, Money Please Come Back takes things to the next level. This book works as an easy to read step by step guide toward reaching not just financial independence but freedom.

It is easy to get drawn in by the friendly and informal writing style of Jeremy Kho which is more reminiscent of a leisurely but informative conversation than a written text. Also, the financial terminology, which might scare away some, is used in a considerate manner followed by ample explanation and exemplification. The complexity of the economic system is presented in a structured and simplified way so that it can be easily assimilated by those who do not have a background in this domain. However, the most valuable part of the book is its practicality. While relying on a solid theoretical framework, the author put forward a series of steps to follow. The reader can easily act upon the advice presented in the book if he/she desires so. Needless to say, this does not imply that the road will necessarily be easy or risk-free, only that financial freedom is within reach for anyone.

Jeremy Kho encourages the reader to treat finances like any relationship. And as we all know, not all types of relationships are beneficial. The first step is to analyze and define it in order to gain an accurate image of the situation. Once you have a clear vision of where you currently are, you need to do the same with the future. Of course, there is a colorful variety of goals one can have, but the endgame should always be to break free of the shackles of financial strain and reach freedom.

Money Please Come Back was written by Jeremy Kho with the intention of passing on his academic and empirical knowledge. It will certainly prove a useful read for anyone who struggles with money-related issues. The main aim of the book is to help build a healthy relationship with one’s finances and what is more to reach freedom.