Living Rich for Less is an easy-to-grasp handbook of suggestions and proven ways for developing a lifestyle that you desire. In energetic fashion that jumps from the pages, author Ellie Kay relates the motivation she had to work on ridding her family of debt. She uses her personal experience of being a military wife and raising 7 children to persuade the reader that anyone can live a debt-free life.
The chapters are interspersed with websites of various organizations that can be consulted for places to give (time, materials, money), ideas for business, tools for financial calculations, and online sites for comparison shopping. I was impressed with her detailed explanation of the FICO score and how it’s figured and the practices of credit agencies.
Ellie Kay espouses the
Her key principle to remember: R.I.C.H.
- Redemption: Claim financial redemption and admit you have a problem
- Instruction: Submit yourself to wise instruction
- Commitment: Absolutely commit to put any unexpected income toward debt repayment
- Hope: Befriend a companion named Hope
As a Dave Ramsey fan, I was curious as to how Living Rich for Less would compare with his publications. Most of the same principles are presented but in a slightly different fashion. Where he presents a detailed, steady, step by step process for getting out of debt, Ellie Kay gives mostly helpful tips and suggestions.
This is a good primer for someone who may never have looked at practical ways of spending less. Ellie Kay said she had the mindset that saving, spending less, and being out of debt in order to give more away was her “business.” That’s a key principle to making Living Rich for Less work for you.
Ellie Kay is a featured family finance expert in numerous magazines and newspapers.
Published by WaterBrook Press.
I have two copies available to give away if you are interested. Just drop me a note.
www.Amazon.com
2 comments:
I would love this book. It sounds as if it will continue to inspire us to work toward being debt free.
I won a copy of this book from Ann. So if someone else is interested, please give it to them. Thanks!
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