Menu Close

5 Getting Out of Debt Books For Financial Independence

Not getting into debt and ensuing financial trouble in this fast-paced, consumer-driven society is pretty hard. Millions are facing the plight of repaying debt after getting easy access to it. So to help you, we have a list of five getting out of debt books.

From Dave Ramsey’s “The Total Money Makeover” to “Your Money or Your Life” By Joe Dominguez and Vicki Robin, we’ll discuss some of the best books in the market that can teach you everything from financial literacy to the process of getting out of debt.

5 of the Best Getting Out of Debt Books

Debt has offered its hand as a friend to let us spend more than we earn, making it part and parcel of our lives in this consumerist world. But it quickly showed its claws. We’ve listed the best getting out of debt books to help you financially.

1. The Total Money Makeover by Dave Ramsey

The Total Money Makeover by Dave Ramsey

View on Amazon Get Two Audiobooks Free
Social Network Mentions

Ramsey makes complex financial concepts easy to understand for people at all levels of financial literacy. The authors’ no-response approach to dealing with debt is our favorite part of the book. He is honest about the work needed to be put in to get things in order.

Compared to many self-help books, Ramsey doesn’t provide readers with promises of instant remedies. Instead, he lays out detailed plans for readers to follow. 

Personal accounts from radio listeners of his show following his strategies have also complimented the book. Ramsey constantly argues against the consumerist mentality in the West that leads to overspending and debt.  

2. Allen Carr’s Get Out of Debt Now By Allen Carr

Allen Carr's Get Out of Debt Now By Allen Carr

View on Amazon Get Two Audiobooks Free
Social Network Mentions

Allen Carr’s writing style is fascinating to read and easy to understand. For this reason, his counsel throughout the book is readily usable by readers. Real-life examples back the ideas presented in the book, adding credibility to the statements and depth to the author’s viewpoint.

Overall the book is a practical and helpful handbook for anybody trying to get out of debt. While the tips and advice in the book aren’t precisely groundbreaking, they can help you start your debt-reduction journey. This is why we’ve included the book in our best getting out of debt books.

3. Your Money or Your Life By Joe Dominguez and Vicki Robin

Your Money or Your Life By Joe Dominguez and Vicki Robin

View on Amazon Get Two Audiobooks Free
Social Network Mentions

The book offers actionable advice to help readers gain financial independence. The authors stress the need to properly track all financial transactions so that you can know where your money is going and be informed about where to make cuts. 

In this way, you can know where your money is going and be informed about where to make cuts. The concept of “enoughness” is also promoted by the authors. The idea means determining the amount of money to spend to provide you with a good quality of life.  

In addition to that, the book provides tips on how to put money away for the future and invest wisely. The authors stress the need for retirement planning and provide solid advice on how to build a diversified portfolio.

4. How to Get Out of Debt, Stay Out of Debt, and Live Prosperously* By Jerrold Mundis 

How to Get Out of Debt, Stay Out of Debt, and Live Prosperously* By Jerrold Mundis

View on Amazon Get Two Audiobooks Free
Social Network Mentions
Recommendations

The author has constructed a framework for methodically lowering debt by drawing on personal experience and the experiences of others. He seeks to teach people what got them into debt in the first place. 

Afterward, the book offers strategies on how to reduce debt. Such as making a budget, reducing expenses, or setting up a payback program. The author emphasizes the significance of committing to a debt repayment plan and making progress.

The author also debunks debt myths and presents a realistic view of the road to financial independence, understanding that debt is a significant source of anxiety for many people. We can’t recommend the book enough if you’re starting your debt-free journey. We say so because it’s probably one of the best get-out-of-debt books we’ve ever read.

5. Digging Out: A Practical Guide to Getting Out of Debt and Paving a Path to a Secure Financial Future by Jodee Brydges 

Digging Out: A Practical Guide to Getting Out of Debt and Paving a Path to a Secure Financial Future by Jodee Brydges 

View on Amazon Get Two Audiobooks Free
Social Network Mentions

Debt is a significant source of anxiety for many people, and the author Jodee Brydges understands that. Her first-hand knowledge of being in debt is one of a couple of things that makes it great. 

The book is broken into three sections. The book’s first part deals with debt and the nature of the debt problem. The second part offers solutions in the form of actionable advice. Lastly, the third section focuses on creating a financial future. Each chapter includes real-world examples and exercises to keep the reader hooked.

You may also read: 7 CREDIT SCORE BOOKS TO IMPROVE YOUR FINANCIAL HEALTH

Final Words

The five getting out of debt books provide a lot of knowledge and strategies. They come from finance experts with decades of experience under their belts. To sum up, everything we’ve said in the article till now, reading these books will give you a starting point towards reaching your goals. 

Frequently Asked Questions

1. How do you create the book lists?
Our team at Ebook Pundit works hard to create authentic and reliable book lists for you. To ensure that we provide you with the best recommendations, we do intensive research on every book we list. Our authors search for books that are relevant, thoroughly go through the book descriptions, as well as read the book reviews. They then choose the books that have been reviewed highly by others. Further, we also do our research on social media platforms to find books that are being talked about. Finally, we curate a list of the best books for you on every topic, with descriptions that give you a comprehensive idea of each book in simple language.

2. Why do you make these lists?
There are hundreds and even thousands of books available on any given topic. This makes it difficult to choose the best ones that will actually prove to be useful. You may have to spend hours researching before you find the right book. We make these lists for you to make your job easy and to save you the trouble of researching. Moreover, the type of book lists we make and all the factors we consider for each book, you may not find such a list anywhere else.

3. Why should I trust the lists you make?
We work hard to make these lists so that you can avoid the hassle of looking for the best books by yourself. All of us here are avid readers who are aware of the kind of content other readers are looking for. Hence, we do the research for you and aim to save your time.

4. Who are the authors who make these lists?
Our authors are graduates in different fields from reputed universities. More than that, they are passionate readers who want to help others find the best book for their every need. The authors are independent researchers, with good analytical abilities, and all have strong academic backgrounds. Thus, they are well-equipped to create these book lists.

5. What factors affect the list that you make?
There are various factors we consider before we publish our list. For each individual book, we look at the number of sales, the number of reviews and ratings, as well as social media mentions of the book. Further, we also research the author’s credibility to understand how qualified they are to write on a particular topic.

6. How do you ensure that the books you recommend are relevant to the topic?
We thoroughly go through the book descriptions and other available resources to ensure that the books are relevant to the topic. We also read the reviews of the book to understand in detail how the book helps readers learn more about the particular topic.

7. Whom can I contact if I have any questions about the content/list?
If you have any queries about our content, please reach out to us at support@epubseries.com. We will be more than happy to answer your questions, or just chat with you about books!

8. Do you guarantee that the list will serve the purpose of the readers?
Although we present you with the most relevant and informative books on any given topic, we cannot guarantee that they will serve your particular purpose. This is because each reader has their own individual needs and circumstances. We try our best to create stellar lists, and readers can definitively gain from giving these books a try. However, it is always advisable to take professional advice from people who have experience in the field.

9. What do you mean by “best” books?
We cannot say that the books we list are objectively the best in the field. However, we make sure to only recommend books that have been reviewed highly by others, are best-selling, and that other readers have found useful for themselves.

10. Can these books be used for research purposes?
The books we list give practical and relevant information on the particular topic. However, not all of them are academic books. Thus, it is up to the author’s discretion whether they want to use them for research purposes and cite them in their papers.

11. Does the position of the book in the list matter?
No, the position of any book in a list is arbitrary. We do not list them based on any kind of ranking. That being said, in some cases, the more popular books may appear at the top

12. Is the list inclusive of all the popular books?
No, our lists do not contain all the books that are relevant to the topic due to some limitations. However, we hope to keep updating these lists and include more books in the future.

Leave a Reply

Your email address will not be published. Required fields are marked *