Press Release: Debt Free For Life by David Bach
FOR IMMEDIATE RELEASE
FOR MORE INFORMATION CONTACT:
Tara Gilbride, Director of Publicity, Crown Business,
212-572-2872;
tgilbride@randomhouse.com
New book by David Bach, Ten-time National Bestselling Author,
Helps Americans Eliminate Debt and Buy Back Their Financial Freedom
Bach offers a revolutionary approach to personal finances that helps individuals get out from under the burden of personal debt, from credit card debt to home loans, to how to improve your credit score; also includes new online tools and a
comprehensive system for paying down debt in record time
…David has created the ultimate debt guide with the latest and greatest systems and tools to
achieve financial freedom once and for all. Debt Free for Life is about gaining back ownership of
your life and creating a brighter, financially secure future
–Susan C. Keating, President and CEO of the National Foundation for Credit Counseling
“David Bach understands the struggle of millions of Americans who are drowning in debt and has written the must-read of the decade to inspire and guide America to shed its debt–FOR GOOD!”
–David C. Jones, President of the Association of Independent Consumer Credit Counseling Agencies
DEBT FREE FOR LIFE:
The Finish Rich Plan for Financial Freedom
By David Bach
Author of ten New York Times Bestsellers
Crown Business, on sale December, 28, 2010
“Getting out of debt fast is the most important financial move you can make in today’s economy,” declares David Bach, bestselling author and financial guru, in his exciting new book DEBT FREE FOR LIFE: The Finish Rich Plan for Financial Freedom (December 28, 2010; Crown Business). Americans today carry $12 trillion in consumer and mortgage debt – which translates to $49,000 per family. In the book, Bach offers a debt relief plan that shows step-by-step how Americans can conquer debt for good. Conventional wisdom has been that there was good debt (debt used to buy a home or fund a college education) and bad debt. But Bach argues that is no longer the case. “Probably the most important lesson of the great recession,” says Bach, “is there’s no such thing as a good debt if you can’t afford to pay it off. My mission is to inspire one million people to crush $1 billion in debt.”
Debt in both the public and private spheres has reached epidemic proportions in America. As of early 2010, 54 million American families owed a total of $866 billion to credit card companies alone– an average of over $16,000 each. At the same time, with the continuing recession and real estate crisis, home equity has been dropping and nearly 7 million American families have fallen behind on their mortgage payments. DEBT FREE FOR LIFE offers a revolutionary new approach to personal finances that shows how to eliminate debt and adopt a whole new way of living-debt free. For example, paying just $10 a day extra towards credit card or mortgage debt can save tens of thousands.
Say Goodbye to Debt—and Hello to Freedom
Written in the same highly accessible, motivating style of Bach’s runaway # 1 New York Times bestseller The Automatic Millionaire, DEBT FREE FOR LIFE is designed to be read quickly and put right to work. With David’s simple DOLP (Done on Last Payment) system, readers will learn how to how to prioritize debts, pay them off quickly, and save thousands of dollars in interest payments. Best of all, Bach shows how to calculate your Debt Freedom Day—the actual date you will be completely free of debt. He explains how to save on credits cards, college loans, on mortgages–and how to change the thinking that helped to get us in debt in the first place. The book also covers:
* Credit Debt: Tricks & traps that credit companies use to imprison you with debt
* 4 simple ways to lower your interest rate on a credit card
* How to get late fees waived & annual fees credited back
* How to use David’s simple DOLP system (Done on Last Payment) to prioritize debts, pay them off quickly, and save thousands of dollars in interest payments
* New online tools that help you track and pay down your debt automatically
* 9 ways to crush your student loan debt
* Mortgage Debt: How to protect your home and pay off your mortgage early
* How to use Equifax Debt Wise, the first online debt reduction tool powered by a credit report that helps you get out of debt automatically.
* Debt settlement: solution or scam?
* Debt relief: How to get non-profit credit counseling — and a professional to guide you out of debt – where to go, who you can trust.
* How Bankruptcy works, when to use it, how long it will take to recover
* 12 step action plan to improve your credit score
* 7 ways to find hundreds of dollars (maybe thousands) in less than an hour
With concrete steps and accessible, actionable plans, DEBT FREE FOR LIFE promises to change people lives. So many people are out of work, or are worried about their jobs, and feel less in control of their finances. When you have less debt, you will feel more free, have less stress, fewer worries and tension at home. This book offers a totally new approach to building financial freedom; it can help Americans get themselves out of debt years faster and save themselves tens of thousands of dollars in the process.
Join the Debt Free for Life Challenge
David Bach has teamed up with leading nationwide credit reporting agency, Equifax (NYSE: EFX) to issue the Debt Free Challenge – getting one million people to pledge to pay down $1 billion of debt. David Bach has partnered with one of the three nationwide credit reporting agencies, Equifax, on a mission to help one million Americans pay off $1 billion of debt. Individuals all across America are joining the Debt Free Challenge and making the pledge to take control of their debt. All Challenge participants will be automatically entered to win a $10,000 cash giveaway to help them toward their debt free goal. In addition, participants in the Challenge will also receive a free 30-day trial of Debt Wise™ and a free downloadable chapter from Debt Free for Life: The Finish Rich Plan for Financial Freedom.
The Debt Free Challenge Sweepstakes runs from December 15, 2010 through June 30, 2011. To learn more about the Debt Free Challenge Sweepstakes, visit http://www.DebtFreeChallenge.com.
ABOUT DAVID BACH
David Bach has helped millions of people around the world take action to live and finish rich. He is one of America’s most prolific and bestselling financial authors of our time with 10 consecutive national bestsellers, including The Automatic Millionaire and Start Late, Finish Rich, as well as the national and international bestsellers The Automatic Millionaire Homeowner, Smart Women Finish Rich, Smart Couples Finish Rich, Go Green, Live Rich, and the New York Times and USA Today Business Bestseller Fight For Your Money. There are more than seven million of his books in print, translated into fifteen languages. His runaway bestseller The Automatic Millionaire spent thirty-one weeks on the New York Times bestseller list.
Bach appears every Wednesday on NBC’s TODAY Money 911 segment and has been a guest over a half dozen times on The Oprah Winfrey Show. David also serves as a regular contributor to CNN American Morning, and has been a guest on countless television and radio shows, including Weekend Today, 20/20, CBS Early Show, Regis & Kelly, ABC News Now, CNN’s Your Bottom Line, and Larry King Live. He has been profiled in numerous publications, including the New York Times, BusinessWeek, USA Today, People, Reader’s Digest, Washington Post, and The Wall Street Journal, Working Woman, Glamour, and Family Circle. He has also been a regular columnist for Yahoo! Finance and for Redbook.
A renowned motivational and financial speaker, Bach regularly presents seminars and delivers keynote addresses to the world’s leading financial services firms, Fortune 500 companies, universities, and national conferences. He is the founder and Chairman of FinishRich Media, a company dedicated to revolutionizing the way people learn about money. Prior to founding FinishRich Media, he was a senior vice president of Morgan Stanley and a partner of The Bach Group, which during his tenure (1993 to 2001) managed more than half a billion dollars for individual investors.
He is the creator of the FinishRich Seminar series, which highlights his quick and easy-to-follow financial strategies. To date, more than half a million people have learned how to take financial action to live a life in line with their values by attending his Smart Women Finish Rich®, Smart Couples Finish Rich®, and Find the Money Seminars, which have been taught by thousands of financial advisors in more than two thousand cities and towns throughout North America.
As part of his mission, David Bach is involved with many worthwhile causes including serving on the board of Habit for Humanity New York. He lives in New York.
DAVID BACH IS CURRENTLY AVAILABLE FOR INTERVIEWS
Also available as an eBook
For more information, see www.finishrich.com or www.facebook.com/DavidBach
For more information about the Debt Free Challenge, see www.debtfreechallenge.com
Debt Free for Life: The Finish Rich Plan for Financial Freedom
By David Bach
December 28, 2010 * Crown Business * $19.99 * Hardcover
263 Pages * ISBN: 978-0-7679-2986-8
