Is it time to declare the American dream dead?
These are the kind of books that you should read in print
form rather than audio because there are sections that don’t apply to me that I
could have skipped. For example, college
savings, what to do if your child needs to come back home after college,
purchasing a home, closing a business, etc. That’s stuff I don’t’ need or have
already been through. And since I’ve been a follower of Suze’s for years, I
feel like I’ve heard it all. But that doesn’t mean I couldn’t use a refresher.
Everything in this book boils down to one guiding principle.
Stand In Truth
When we can be completely truthful about our finances, our
habits, our future potential, etc., we stand a better chance of being
successful with our money.
I was very happy to see Suze back me up on a pet peeve I’ve
developed. If you bought a house and you can still afford the monthly payments
but you are upside down in it, you have no right (in my opninion) to even consider walking
away. I think it’s dishonest and
deceitful. You are in a better position
to wait out the market and you should. There are a lot of people out there
upgrading to bigger homes at a lower cost and abandoning another home just for
the sake of getting a better deal. By the time the abandoned home reflects on
their credit, they are already settled in the new home and can ride out the
years of a bad credit score.
This book is for everyone so there’s a lot of information
that you may not need right now but that makes this book a good reference book
to keep around.
The American dream is not dead but it must be re-imagined.
Women and Money