Go Green Live Rich Reviews

Debt & Bankruptcy

Debt continues to rise in America. This past December, revolving debt rose to a record high of $944 billion, with 95% of that debt a result of credit cards. Financial expert David Bach, author of the Automatic Millionaire series of books says that if you are one of many Americans with over $10,000 in credit card debt, you may want some professional help in getting out of debt.

A Debt Management Plan or DMP can help you get out of debt as well as improve your credit score. There are many credit counseling agencies which can help you, but be careful as any time your money is involved; there will be some unscrupulous companies. Bach says you should only use agencies which are not for profit. Fees should be reasonable, say a $50 start fee with $25 a month maintenance fees. Watch out for the hard sell, if a company is pushing you then you probably shouldn’t use them. It takes time to develop a Debt Management Plan, so if someone says they can get you set up in 20 minutes, you should go somewhere else.

Credit counseling agencies should help you renegotiate debts with your lenders. They will then help you set up a reasonable payment plan to get you out of debt. A reputable agency will also provide you with money management training so that you do not go back into debt later in life. Consumer Credit Counseling Services is a nonprofit that Bach considers the best in the industry.

If your debt problems are so deep that a DMP can’t help you to get out of debt, you may have to consider bankruptcy. However recent changes in national bankruptcy laws may make it difficult to do so. Bach says you should consider contacting a debt settlement company before filing for bankruptcy.

A debt settlement company may charge more than a credit counseling agency. They will try to have more of your outstanding debts discharged, trying to get you to pay 50 to 80 cents on the dollar. It will help you to stay out of bankruptcy, it may temporarily hurt your credit score but will allow you to rebuild your credit sooner, and it will stop the collection phone calls which will help your peace of mind.

With a debt settlement plan you will enter into a contract to make payments, usually for a two to three year period. A separate escrow account will be set up; you’ll pay into that with each paycheck. That account will be used to pay off your remaining debts. The IRS will be interested as well, as they will consider the forgiven debt at income. A debt settlement plan is not as simple as a Debt Management Plan but it is much better than filing for bankruptcy. As with the counseling agencies there are unscrupulous settlement companies, so Bach recommends you visit www.tascsite.org, which is the Association of Settlement Companies to find good companies in your area.

Bach is the author of numerous bestsellers, on April 8^th his latest book, Go Green, Live Rich: 50 Ways to Save the Earth and Get Rich Trying will be available for sale.

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David Bach Goes Green

Becoming rich and saving the planet. Those are topics not usually associated together. However, bestselling author and financial adviser David Bach does believe that you can do both. On April 8^th, Bach will be releasing his latest book, Go Green, Live Rich: 50 Ways to Save the Earth and Get Rich Trying. Bach has written a string of bestsellers helping average Americans to become financially strong and independent. Now he is combining his talent of helping you with a desire to save the planet.

According to Newsweek magazine, Bach is a resident of the Solaire Apartment building in Manhattan, New York. He lives there with his wife and son. The Solaire is the first building to win a Gold Leed Award (Leadership in Energy and Environmental Design). The award was presented by the Green Building Council. Bach suffers from allergies but does not have to worry about them any longer in his home.

The building has a number of green features; it has photovoltaic panels to help with electricity and an on-site water treatment system. The roof is also covered with soil and local vegetation. In addition, Bach has placed non-toxic furnishings throughout his apartment. By going green, you may have to pay higher rents, but in the Solaire that is offset somewhat by lower utilities. And for Bach, it has greatly reduced his allergy concern.

Not much is known yet about what Bach has written in his newest book, we will have to wait until April to find out. However Bach has taken up the cause of making the earth a greener place while helping you to invest wisely in green companies. In late April, Bach will be taking part in the Go Green Expo to be held in New York. It’s the first time the Expo will be held in New York City. The three day Expo (April 25^th through the 27^th) will feature numerous exhibits from green companies. Programs on sustainable lifestyles, healthy eating, children’s education and recycling will be held. There will be demonstrations, films and hands on activities for the whole family. For more information on the Expo you can visit Bach’s website at www.finishrich.com.

In addition to helping the environment, Bach is also interested in helping others. If you visit his blog, you may notice Bach’s interest in the group Habitat for Humanity. Recently, Bach was the emcee for a fundraising event for Habitat. One million dollars was raised for charity at the dinner attended by over 600 people. One of the recent projects completing by Habitat was helping a family which recently had quadruplets move out of a one bedroom apartment and into their very own home.

Bach clearly is different from most speakers and writers telling you how to get rich. He wants you to use your wealth not just for yourself but to benefit others. I look forward to April 8^th when the Go Green Live Rich book will be released and to providing reviews of your book. It should be a continuation of his past successes, but this time with a meaning that transcends dollars and cents.

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Finish Rich with David Bach

With a long list of best sellers, author David Bach is getting set to release his latest book. The new book, Go Green, Live Rich: 50 Ways to Save the Earth and Get Rich Trying goes on sale this April 8^th. Bach’s string of successful books all revolve around helping individuals prosper and become financially successful. He is a regular on a number of media outlets; you may have seen him on Oprah, CNBC, or the O’Reilley Factor. You can frequently find his articles in such diverse publications as Redbook, The Wall Street Journal and USA Today.

Go Green, Get Rich promises to be another best seller, this time one that also is expected to be socially responsible. In the coming weeks, we will be reviewing much of Bach’s background in anticipation of the new book. Bach’s most recent work, The Automatic Millionaire Homeowner has sold more than one million copies in just the past two years. He recently released an update of the book. Most of his books also come with companion guides and workbooks.

Throughout his career, Bach has encouraged families to plan on finishing rich. There are many ways to do that and here are three of them: 1. Pay yourself first, 2. Make it automatic and 3. Buy your own home.

Bach says you should pay yourself first. Make sure you set aside some of your paycheck for yourself, the government takes out of your paycheck, and you have other bills to pay but you should plan on setting aside some funds for yourself. Why not make it automatic? Go to your employer and set up a savings account so that money can be taken right of your paycheck. Too many of us want to save money but sometimes we are too busy paying bills and taking care of life to set any money aside. It is much easier if we take the money out before we see it, make sure you try to deposit it in a tax free account which will earn you money throughout your life. Also, if you are renting, look into buying your own home, when you rent you get none of the money back. If you own, a portion of your mortgage payment will remain yours. You can get it back when you sell the home or through a home equity loan. Always try to pay down your mortgage as quickly as you can. Pay more than your monthly amount. By paying extra, you will save thousands in interest payments while building up the wealth and equity in your home which helps you create wealth.

Bach is the founder and chairman of FinishRich Media, which is a company committed to helping people like you and me learn how to properly handle money. Before founding FinishRich, Bach was a senior vice-president with Morgan Stanley. From 1993 to 2001 he was a partner in the Bach Group which managed more than half a billion dollars in funds for individual investors. He and his wife Michelle have one son.

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