In "Debt is Slavery", author Michael Mihalik uses his personal experiences to illustrate 10 lessons about money that will change the way people think about money so they can regain control of their finances, pay off their debt, and reclaim their freedom and their lives.
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In the past, Americans were taught to avoid debt. Now, we are persuaded to embrace it. The process starts early—high school students receive credit card solicitations although their only income may be from babysitting or mowing the neighbor’s lawn. We take on debt without realizing that doing so subjects us to financial servitude—a form of slavery—in which our bills determine when and how much we work, often at jobs we don’t even like.The result? U.S. consumer debt recently hit an all-time high of $2.35 trillion and millions of Americans are struggling to make ends meet."Debt is Slavery" offers hope. The book takes a unique approach to personal finance by focusing on changing the way people think about money. The author uses his personal triumph over paralyzing debt to illustrate 10 lessons that will transform the reader’s relationship with money so they too can pay off their debt, reclaim their freedom, and lead more fulfilling and prosperous lives.
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