Your ultimate guide to making money and keeping it: Of course, the book fails to live up to that claim. It doesnt offer much of anything, and the entire idea that managing cash flow is war doesnt help, if everything is viewed as a battle, we will always struggle. If youve gone to college, maybe one of the professors took a moment to clarify: Business is simple. Money in, money out and you need to have more coming in than going out.
It is my belief that the economy in the U.S. hasnt been well since 2000 so I took note of the following comment that expresses the authors view of the economy (the book was published in 2005), pg 272, 273: “Unfortunately, after a few years of economic downturn and jobs shipping overseas, the market for potential new distributors is growing.” The author referred to avoiding multi-level marketing schemes.
Pg 217, Dont do anything: (my favorite part make your own bailout)
If you dont anticipate having a steady income or owning anything for a while, bankruptcy is probably not necessary. Your creditors will simply write off your debt as a deductible business loss for income tax purposes. In several years, it will become legally uncollectible under state law, and in seven years, it will come off your credit report. If you have seven years to kill, and you dont incur any new debt during that time, you can just forget about the whole thing. Of course, I would seriously question what you are doing reading this book if this sort of life is a viable option for you!