Review of Debt Cleanse
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Russell Copeland
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- Latest Review: Debt Cleanse by Jorge P. Newbery
Review of Debt Cleanse
[Following is a volunteer review of "Debt Cleanse" by Jorge P. Newbery.]
“43% of Americans spend more than they make, and 76% live paycheck to paycheck.” is a strong statement within the introduction of this book, Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on The Dollar (And Not Pay Some At All). Having struggled with debt myself, I was intrigued by the book’s description and the author's history. Expecting the contents to be taboo, I began reading with the expectations of possible ideas for debt reduction strategies, then and most importantly, when, and how to use the advice.
The contents of the book were derived from the author’s own experiences, which put him into an overwhelming position of debt against government officials, and the financial banks. As usual of most people in a debt crisis, he over-leveraged his liabilities against his assets. What I found intriguing about the author, Jorge P. Newbery, is that he recognized he was playing in a game above his ability level, but he wasn’t going down without a fight. He put together a team of lawyers and went to work on his strategy that he shares in this book.
Most financial books I’ve found are littered with industry jargon, but Debt Cleanse was an especially easy book to read, and what jargon that was used was easily defined. I also enjoyed the moments of humor within the book, helping to keep the subject of finances from being too dry. Debt is not your friend, and it felt like this book was trying to relay that message through a different process of ridding debt. We should all take heed to how we think of debt.
The frustrating part of reading the book was the redundancies of the debt cleanse process. Each debt category had an outline and correspondence forms in dealing with creditors. What I found were 11 chapters that followed a near-identical process, which would have been easier to read if it was summed up in a single chapter of its own or the use of tables and images. The book missed the mark in identifying who or when this technique might work best, and the depth of the repercussions this may have in current and future opportunities.
I’m rating this book 2 out of 4 stars as it did fill the description of the book and what I expected to get out of it. However, the book misses a critical point of interest when dealing with decision making, especially financial decisions, risk-to-reward concerning the intended audience. As society moves forward, and more industries look to the credit report as a reference of judgment, it would be ill-advised to take on these strategies with all levels of debts. The strategies within this book would be great for those who would be in debt for nearly their lifetime or beyond. For all others, there are possibly better ways to reach your financial independence.
******
Debt Cleanse
View: on Bookshelves | on Amazon
“43% of Americans spend more than they make, and 76% live paycheck to paycheck.” is a strong statement within the introduction of this book, Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on The Dollar (And Not Pay Some At All). Having struggled with debt myself, I was intrigued by the book’s description and the author's history. Expecting the contents to be taboo, I began reading with the expectations of possible ideas for debt reduction strategies, then and most importantly, when, and how to use the advice.
The contents of the book were derived from the author’s own experiences, which put him into an overwhelming position of debt against government officials, and the financial banks. As usual of most people in a debt crisis, he over-leveraged his liabilities against his assets. What I found intriguing about the author, Jorge P. Newbery, is that he recognized he was playing in a game above his ability level, but he wasn’t going down without a fight. He put together a team of lawyers and went to work on his strategy that he shares in this book.
Most financial books I’ve found are littered with industry jargon, but Debt Cleanse was an especially easy book to read, and what jargon that was used was easily defined. I also enjoyed the moments of humor within the book, helping to keep the subject of finances from being too dry. Debt is not your friend, and it felt like this book was trying to relay that message through a different process of ridding debt. We should all take heed to how we think of debt.
The frustrating part of reading the book was the redundancies of the debt cleanse process. Each debt category had an outline and correspondence forms in dealing with creditors. What I found were 11 chapters that followed a near-identical process, which would have been easier to read if it was summed up in a single chapter of its own or the use of tables and images. The book missed the mark in identifying who or when this technique might work best, and the depth of the repercussions this may have in current and future opportunities.
I’m rating this book 2 out of 4 stars as it did fill the description of the book and what I expected to get out of it. However, the book misses a critical point of interest when dealing with decision making, especially financial decisions, risk-to-reward concerning the intended audience. As society moves forward, and more industries look to the credit report as a reference of judgment, it would be ill-advised to take on these strategies with all levels of debts. The strategies within this book would be great for those who would be in debt for nearly their lifetime or beyond. For all others, there are possibly better ways to reach your financial independence.
******
Debt Cleanse
View: on Bookshelves | on Amazon
Latest Review: Debt Cleanse by Jorge P. Newbery
