Reading the book entitled “The Debt Squeeze, How Your Family Can Become Financially Free” by Ron Blue has given me new perspectives on debt. (I got a second-hand copy from Book Sale for Php10.) Who wouldn’t want to live a debt-free life, right? While debt-free living is possible, having some debts isn’t bad at all. As long as you have the means to repay your debts, you should be fine. Or so this book claims.
What I liked about the book was that the author presented debt in a casual way. He also explained the different kinds of debt in layman’s terms. And because he’s a Christian, he also included some verses in the bible conveying God’s words on material wealth. The author also shared some real-life finance stories, how-to-get-out-of-debt tips, borrowing rules, and other money principles. Even if most of the concepts he explained were not new to me, they have refreshed my memory on what it really takes to be debt-free and eventually, financially-free.