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Posted March 18, 2012
Money History Informs Debt Departure Strategy
** I received this book for free from Bookplex **
Exit: How to Leave Debt Forever is a solid historical look at money and indebtedness, accompanied by a simple, though not easy, plan to live debt free. Author Nicholas Maze begins his story by defining terms that we take for granted in our everyday commerce transactions. He begins with exchanges of cattle and property for services and products, leads us through the introduction of precious metals as tender and finally arrives at our current credit dependent economy. Throughout his 'lesson' he doesn't hesitate to express his disdain for a system that indoctrinates us from our youth by acclimating us to the quest for extra credit. This effort to get extra credit begins the erosion of our freedom as debt takes its viselike hold.
The book is a series of short chapters that follow an introduction that takes a close look at money history-first globally and then in the US. The language isn't academic, which contributes to easier reading. However, at times is seems like a sermon offered by someone converted from what he preaches against. This isn't bad, but bears note because it may diminish the impact of the content as a reader may fixate on the method. The author shares openly about his experiences and is able to relate to some of the pitfalls he describes. He doesn't position himself as one who hasn't been seduced by our debt-filled society. It's his real and exposed anecdotes that connect with the reader.
It's this ability to empathize with the reader which may be Exit's biggest strength. Because, let's face it, talks of money are often fraught with stress and tension. Maze matter-of-factly presents steps to relieve oneself of the monkey on their back. He not only offers solutions for individuals, he addresses the unique concerns of couples who may or may not be on the same financial page. The proposed steps help one to identify, commandeer, conquer and overcome debt. The best aspect of his book is it's future focus and commitment to leaving the next generation less encumbered than the current one. The book offers a glossary of financial terms and Maze's practical definitions, as well as a resource list of dividend reinvestment plans.
Mr. Maze writes from his experiences, research and concern. He uses common language to illustrate an unusual construct. As a result, his book can become a tool for the masses. The message is as appropriate for a third grader as it is for a retiree. Ultimately, his hope compels him to believe that anyone can benefit from removing the burden of being controlled by established debt..
Posted March 11, 2012
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As a former accountant for a very large financial institution, I was anxious to read this book, Exit: How to Leave Debt Forever. The author has a good understanding of the principals of finance, money and the use or abuse of credit. The focus of the book is to alert the reader of the pitfalls and problems when depending upon credit as a means of financial stability.
I feel the author in this book is extending a very emotional plea for all people to take on their personal responsibility of learning about the basic elements of finances. He gives information regarding how currency and it’s value system was implemented for America. Precious metals such as gold and silver played a huge part in American history. Wars have been fought and nations have failed when the finances were not balanced with the regulation of the currency. If the economic condition of a nation is allowed to deteriorate to the point of a nationwide depression, the result affects all the people from the rich down through the ranks of the poor. Political elections are won or lost many times based upon the financial support of a particular candidate. Money is power.
The book highlights the abuse of credit, credit cards for students, and the dependency of credit becoming an accepted way of life. The credit card accessibility and dependency of college students is disturbing. The author issues a warning about how the use of credit results in establishing debt. He cautions and urges the reader to consider the need or priority of purchases. A marketing ploy to be aware of is paying for services or items which are really not necessary and it is in the form of companies bundling services and bundling accessories you made not need for technical devices.
The author advises to avoid the use of credit cards, then plan or prioritize your purchases, and budget for necessities. He urges a person to set aside money for emergencies. Determine your income and expenses and budget accordingly. His theory for financial freedom can be found in the “70, 20, 10” formula. There is also a section with advice for investments You must read the book to learn this strategy for success!
I really like the cover graphics for this book!
(The book has a distracting number of spelling and grammatical errors which could be corrected fairly easily.)
Posted February 29, 2012
In "Exit" author Nicholas L. Maze shows its readers the amazing amount of power that money possesses. Starting with the basic concepts such as, Money & Credit author lay down a foundation; on which reader’s new life to be a Debt free person will begin. It has been said that approximately 80% of the Americans (excluding minors) are in debt. 80% of this country is struggling with financial problems. To take those first few correct steps towards financial savvy life, this literature is important.
No matter what your current financial condition is, if you follow the guidelines given in this book you will find yourself benefiting from this book. Now there are people who will dress up as another sex, steal from friends, betray family, and perform sexual acts for money. That lust and desire to obtain great wealth alters our conscious But, having a love for money and desiring to be successful are two different things.
This literature is a format for becoming successful financially. Being successful is not about chasing money. It is about living comfortably and prospering, and to do that author has shown a very practical and easy to follow guidelines.
Author also brings out the topic of how many people fail to realize that, there is financial gain in debt. How some peoples who have their hands deep in the financial soil bid on increase in debt, because there is so much money that can be made from debt. as the book progresses author bring out, how small changes in your expenditure style can help you secure financial stability. And once you are financially stable, how you can cycle the money to watch your wealth grow. Later author shows how to spread wealth for this author gives classic fishing scenario: "If you give a person a fish, they'll eat for a day. If you teach that person how to fish, they'll eat for a lifetime."
This book was not written to be a meal ticket. This book was written to help those that are in a financial struggle. In author’s words, "It is the knowledge that one is able to pour into someone that brings the true success. Knowledge has no value. Knowledge is priceless." So at the end of the day if one is looking for a book that can guide him/her on the path of Financial freedom and how to generate wealth not just for yourself but generations to come then this is a must read.