The Total Money Rebuild

A Step-by-Step Plan for Getting Out of Debt, and the Arithmetic Behind Every Step

von George Chu

290 Seiten, Taschenbuch

Kurzbeschreibung des Verlags

Almost every popular debt book gives its advice as a rule. Pay the smallest balance first. Keep a thousand dollars in the bank. Never borrow for a car. Pay the house off early. Each of those rules has a number attached to it - what it costs or saves in a particular household - and that number is almost never printed.

This is the same kind of plan: seven steps, in order, each with a definition of done. What is different is that every step is costed, in front of you, with the numbers on the page, so you can redo them with your own.

A makeover changes how a thing looks. A rebuild changes how it is put together.

What is inside- The four numbers that govern everything, and the two hours it takes to find them - because almost no household knows its own position, and that is not carelessness: the information sits in nine institutions and none has a reason to assemble it.- The payoff-order argument, settled. Smallest balance first, or highest rate first? For the household worked through in Chapter 7 the difference is $114 and not one extra day - about 0.2% of what it will repay. In a minority of households it is thousands, and a ten-second test tells you which you are.- The cheapest action in the book: freezing every revolving payment at today's dollar amount. Twenty minutes, no money, nothing given up - and $18,658 and twenty years in the household of Chapter 5.- Eleven scheduled hours on housing, transport, insurance and debt terms, which in that same household produced $8,328 a year, recurring - more than any plausible change in daily habits.- What each debt really costs: cards, cars, student loans, the mortgage, medical bills, and the new consumer credit that did not exist when the famous plans were written. The finance-a-new-car cycle alone runs to about half a million dollars over a working life.- Why plans are abandoned - at month three and at month ten, both times through failures of feedback rather than of will - and the four structural changes that prevent it.

Not a moral book>289 pages. Eighty-two figures, seventy-eight tables, a hundred and twenty-nine worked examples, twelve appendices - including the plan on one page, the two-hour audit as a worksheet, the payoff calculation done by hand, every formula in the book, six scripts for the calls people find hardest to make, and the whole book in twenty-four sentences.

For anyone carrying consumer debt who wants the numbers rather than the slogans; households that have tried a plan and stopped; couples who agree on the figures and cannot agree on a plan; and anybody who has followed a rule of thumb for years without ever being told what it costs.

Appendix F rates every substantive claim as established, reasonably firm, contested, arithmetic, or the author's own - and names the four places the author is most likely to be wrong.

• Reihe: Independently published
• ISBN: 9798175708821
• Sprache: Englisch
• Erscheinungsdatum: 20.09.2026
• Größe: 229 x 152 mm
• Verlag: Independently published