Book Review: The Four Laws
May 6th, 2009A friend lent me the book, The Four Laws of Debt Free Prosperity, which I read in my sparse spare time this last week. Fortunately, it’s a quick short read.
The book’s strength is that it keeps the principles simple and condensed to four main points, which is a great way to go to keep from overwhelming the reader—especially considering that the readers who most need this material are likely already feeling overwhelmed by their financial situation. The four main points or laws are:
- Track your spending so you know what you are doing with your money,
- Target or set financial goals,
- Trim your spending so that you spend less than you earn,
- Train yourself in financial matters so that you spend and invest well.
The book further explains and illustrates these points. I liked the chapter on debt-elimination the best. It has some good examples of how to accelerate debt-elimination and can help you not only feel like getting out of debt is possible but motivate you to do it.
The Four Laws was produced by or for Chequemate International (I don’t know the company). This book appears to be part of a system they sell to help you get out of debt and get ahead with your money. Not knowing the company or the rest of their products, I really can’t say anything about them. However, I think this book would be helpful to those who are not sure why they should have a budget or who want to eliminate their debt. It’s one of those books that has a storyline, and the principles being taught are overtly woven into the story—or rather the story is woven into the principles. While these kinds of books do not make for great literature, using the story format makes for a more entertaining read. Plus, this story is a good motivational read for those wanting to get out of debt.
That’s my take on it anyway. If any of you have read it and want to share your two bits, feel free.
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I'm Michael Crowther, and I'm passionate about sharing the peace of mind that comes from budgeting, saving (including debt elimination), and investing.