Sovereign nations don’t have to borrow their money into existence, yet the U.S has done so since 1913. You cannot “pay down” the National Debt because all of our money is created out of debt. To reduce the debt would be to reduce the national money. The only solution is to do what’s been done many times throughout U.S. history, issue debt-free U.S. Notes, instead of Federal Reserve Notes and break free of the debt money system. The problem is the same for every nation on earth, as is the solution. Nations don’t have to borrow; nations can create.

Why Debt Consolidation Doesn’t Change ANYTHING!
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‘Back to the Black – How to become debt-free and stay that way’, is for those worried about debt and wanting to know how to manage the situation. By viewing the problem as a coach or a counsellor would, you’ll learn strategies for handling stress and formulating a plan. You’ll find out how to fix a repayment schedule that’ll shorten the time until you are debt-free; and discover some simple ways to track your spending while still enjoying life. After reading this book you will feel more confident of your ability to handle your debt situation…and you’ll have a plan for doing so. You’ll soon discover how to evaluate your current circumstances; how to set realistic goals for reducing your debt; how to develop a list of options; and how to calculate your discretionary income. This book also provides a comprehensive ‘Resources’ section, that outlines what further support is available to help ensure that a debt-free life is maintained after reading ‘Back to the Black’.

This is the book that blew the cover off the IRS’ best kept secret. If you owe taxes, penalties, and interest you can’t pay, you can be forgiven of all or part of that debt. It’s true! More than three million people have already taken advantage of one of these four programs. Time is running out, so don’t wait to order.  NOTE: This book was updated in 2010 and now comes as a two book set.  You need both books to get the latest developments of these programs. For more information on the latest edtions of my books and other products available to help you solve your tax problem, please visit my website.

Third printing, October 2010

Reviews

Michael’s focus is definitely for anyone who is in debt and wants some no-nonsense simple systems to bail out of it.
— Janine Bolon, founder of SmartCents Inc and author of ‘Money…It’s Not Just for Rich People’ and ‘Ditching Debt’

This book doesn’t waste time making its points, and there are many very good points. Michael Mihalik is a good teacher, and Debt is Slavery is the kind of how-to manual that should be handed out like tracts at an airport.
— MightyBargainHunter.com

Debt is Slavery is a great personal finance book, one of the best I’ve read.
— GetRichSlowly.org

The book is lean and mean – it doesn’t mince many words at all. If direct and clear advice is what you’re looking for, you can’t do much better than Debt is Slavery.
— TheSimpleDollar.com

Debt is Slavery is packed full of content and it prompted me to action. This book made so much sense to me and I think it helped me realize my true priorities. Your book is making a huge positive difference in my life. Thank you.
— BloggingAwayDebt.com

Book Description

In his book, Debt is Slavery, Michael Mihalik describes the 10 steps he personally used to gain control of his finances and pay off a large amount of debt.

The key to Mihalik’s method is changing the way people think about money. Mihalik contends that people who do not change their perceptions about money will never succeed in improving how they handle their finances because all action is born from thought.

Mihalik’s first technique is described in the title – equating debt with slavery. While this idea may seem extreme to some, people who are burdened with debt will definitely understand how borrowing money puts them in financial servitude to the lender. Successfully equating debt with slavery stops people from accumulating more debt, which is the first step towards recovery (similar to stopping the leak in a sinking boat prior to bailing out the water).

Mihalik goes on to describe other powerful ideas such as equating money with time (to eliminate unnecessary spending), evaluating the hidden cost of possessions, and avoiding the insidious influence of ubiquitous marketing. As the reader progresses through the book, their perceptions about money will transform until by Chapter 9, they will truly believe they can ‘Save 50 Percent of Your Salary’. The book ends with an in-depth description of a simple way to plan your finances.

The author states in the introduction that because people are busy and do not want to be distracted by ‘fluff’, he has boiled the book down to the absolute basics. The result is a hard-hitting book that is 128 pages cover-to-cover. There is a gem on every page and even the busiest person can find time to read this powerful book.

Apr.09 — Oaktree Capital Management Co-Founder and Co-Chairman Howard Marks says that debt and deficit should still be a concern because of the unprecedented nature of the crisis. He thinks that assuming debt should not be a concern right now is similar to a credit card with no limit. He joins David Westin on “Bloomberg Wall Street Week.”

There are ?financial experts” who advise people to take out their credits cards and cut them up. And that may be a good plan for someone who is financially irresponsible, it’s not great advice for someone who wants to build wealth and become financially free. Cutting up your credit cards won’t make you rich; learning to leverage and manage debt will.

If a person has a solid financial education they will know that there are two kinds of debt: good debt and bad debt. A person who understands debt will know how to use good debt to make them richer faster. And when we take control and learn to manage bad debt, seeing it for what it is and understanding the toll it can take if abused, we are on the road to financial freedom.

Learn how to make your money work hard for you? instead of you working hard for money all your life. Understanding debt and how to use and leverage it is an important first step.

Product Features

• Trade Paperback

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Kim Darby had never had to work in her entire life. She married her childhood sweetheart at eighteen and at thirty she had three young daughters, a lovely home and was living the dream. Then her husband suddenly passed away, without any insurance cover and a stack of debts. For the first time in her life, Kim needed a job. She had no problem finding a job, but on her first day she realised what the job entailed. Hilarious true stories from the front-line of debt collecting.

Why You Should Read This Book:

If you have debts and don’t know how you’ll get rid of them, this book is for you …
If creditors are calling you day and night to collect from you, and you don’t have a solution, this book is for you …
If you’ve wondered how long you’ll pay minimum payments, and if you’ll ever get out of debt, this book is for you …
If bankruptcy is starting to look like your only choice, this book is for you …

If you’d like to settle your debts, and wonder if you can do it yourself, this book is for you!

Inside you’ll find out how to work out a budget; how to figure out what your choices are, and decide on your best choice; you’ll get instructions on how to talk to your creditors; you’ll get negotiation insights that will help you get your best settlements with your creditors; you’ll even receive information about what to do in case you receive a lawsuit from one of your creditors (yes, that can happen, and you need to be prepared so you know what to do).

Many people have debts and need help. You might think you need to get a professional to help you negotiate with your creditors. You don’t! I owned a debt settlement company for years and I know most people can do this themselves. If you think you can, this book will show you how to settle your debts yourself.

I don’t hold back any secrets.

You can do it!

This book will show you how.

Product Features

• Used Book in Good Condition