I just finished David’s new book, “The Automatic Millionaire,” and went to work calling my credit card companies tonight. I took the book’s advice and persuaded 3 credit card companies to drop their interest rates simply by telling them I wanted them lowered. My biggest success was going from a 14.74 APR to a 5.99 APR. I was quite proud of myself. I also managed to transfer all of my credit card debt to 0% balance transfers for a full year. I have taken all but one of my cards and put them away in a drawer. I don’t plan to ever use them again.
This book was great and easy to read for a financially illiterate guy like me. Tomorrow I’ll be setting up my biweekly mortgage plan. Thanks again for the great tips and sending me on my way to financial success.