Ditch the Debt and Get Rich by Effie Zahos is one of the Beauty and Lace book club reads for February.
No matter how on top of our budget we feel we are, there are always things that we can do to make things better for ourselves financially. Regardless of how much money we have coming in each fortnight.
There are improvements that you can make to help set yourself up for a future where you won’t have to struggle to have food in the cupboards and your bills paid.
But, it’s hard when you have no idea where to start. That’s where Effie Zahos steps in with her book Ditch the Debt, which is all about showing you that you are in control. And, there are ways you can live a better life financially.
Effie covers everything from the small things such as which bills to pay off and ditch first – to bigger things like buying a house, and how to make sure you get the best deal on your mortgage. She talks about paying for your children’s schooling, buying a car, investing in shares, paying for holidays, and renovating. Plus, how to cope when you retire, dealing with a HECS debt and much more.
This is a book for everyone and it is crammed full of useful information that is going to help you better your financial situation. I know that I will refer back to this book time and time again as I move forward with a new plan on how I will have my mortgage paid off, and not have to struggle during my retirement.
No matter your stage of life I suggest that you make a smart investment and buy a copy of this book.
A selection of our Beauty and Lace Club Members are reading Ditch the Debt and Get Rich by Effie Zahos. You can read their comments below, or add your own review.
ISBN: 781925865585 / Publisher: Penguin Books
Im a Mum of 3 beautiful girls.
An avid reader that loves to travel but lacks the funds to venture far and wide constantly. A perfumeaholic with an addiction to beauty and skincare.
If not found with my head in a book or on a plane I can be found spending hours upon hour in Doctors and Hospital waiting rooms as part of my job as a Carer
Ditch the Debt and Get Rich by Effie Zahos is a compelling read if you have even a mild interest in financial matters. It would be an invaluable resource for those just starting out on their financial journey. Also a great reference for anyone else concerned about taking greater control and gaining more understanding of their own personal financial situation.
As my interest was piqued I managed to complete the book the same afternoon that it arrived. I will keep it handy as a reference to consult before making my next financial move.
Would make a wonderful gift for someone starting out in the workforce. Thank you to Beauty and Lace for allowing me the opportunity to obtain such a great resource.
For years I’ve followed Effie Zahos on ‘Money’ & ‘The Today Show’ & I love her practical, simple and no-nonsense aporoach.
Effie is right in that our money attitude is a learnt behaviour but with the right guidance and strategies it can be changed.
I like how Effie has included an Action Plan at the end of each section to keep focus on what you can do to make changes.
I’m an ‘owl’ type (investor) and luckily so is my hubby so I think we’ll be OK financially.
Some of the sections I flicked through as they don’t apply to me, I don’t really have any interest in share funds, I believe in reducing mortgage debt first.
I’d recommend this book for anyone who wants some simple, easy to understand money advice and strategies to reduce debt and hopefully have a more comfortable financial future.
Ditch the Debt and Get Rich by Effie is filled with practical and down to earth financial advice.
It starts of by identifying your financial personality, I found I could ideantify with almost each one. It then builds to losing the debt to buying, investing and building a portfolio.
Although very helpful and easy to understand I felt like some parts overlapped with other advice I had read.
I enjoyed and took a little bit away from each section and I know I can refer back to it in greater detail if neded.
Thanks Beauty and lace for selecting me to review a copy of Effie Zahos’ new book, Ditch The Debt and get rich.
As a couple in our mid 30’s I have felt like we need some help as to where to turn next with our finances, and I generally do not understand shares and investments.
A lot of people swear by The Barefoot investor, but I was interested in learning some more tips by someone else, to see if the tips were similar.
There is definitely some tips that I have book marked for future reference, and like on the show, some tips that make great sense and stop and make you think about the best options for you.
Although there was quite a bit of info in there that Isn’t any use to me personally I think this is a great book for anybody interested in saving some money or understanding shares.
Thank you for the opportunity to read Ditch the debt and get rich. I found the book interesting and got some really great ideas for saving money. I was made aware of the kind of spender I am and how to manage it.
Had lots of information that I can refer back to as needed.
I’m a big fan of Effie Zahos. She uses simple easy to understand language and it just feels relatable to the everyday average Australian. This is a book you can read over and over again at different stages of your life and always walk away with something new. I recommend it for everyone!
Thanks to Beauty and Lace for the opportunity to review this book that is going to be well read over the years!
Thank you for the opportunity to review ‘Ditch the debt and get rich’ by Effie Zahos.
It was so refreshing to read a financial ‘advice’ book which wasn’t heavily laden with numbers, unattainable goals and confusing jargon.
This book was very relatable and with simple to understand strategies with little ‘fast fact’ points, ‘action plans’ and motivational quotes.
I identified myself in this book and my psyche when it comes to financial matters and this book has a good mix of understanding your financial personality along with strategies to help with learnt behaviour and money matters.
I now have greater understanding of shares and liked the action plans at the end of each chapter to help evaluate and think about what was covered.
I thoroughly recommend this book as a useful tool to be able to understand your financial personality and refer back to all the helpful information as needed.
I was lucky enough to be chosen by Beauty and Lace to review “Ditch and Debt and Get Rich” by Effie Zahos.
I found this to be a really interesting read, full of knowledgeable information to help you with both saving money and getting out of debt. It covers everything financial you can think of and is well written in a way which was very easy to follow and understand. It is a book you will want to reach for at different stages in life and re-read parts where necessary.
It is certainly a book I would recommend to other to purchase and read.
Ditch the Debt and Get Rich by Effie Zahos is an incredibly well researched and organised resource that breaks down complex ideas and makes them make sense.
Each chapter focuses on a different concept and provides a fantastic understanding, weighing up both the positive and negative.
While reading the book I realised that many of the suggestions would be of benefit to me. I also kept thinking of friends who would benefit from this resource.
While female focussed, I think everyone would learn something new and benefit from a suggestion or two in the book.
Definitely something I’ll be referring to again and again as my financial situation changes.