Derrick Chandler

Understanding & Manging Debt Derrick Chandler

Debt is a dream killer, a glass ceiling which has constrained the ambitions of many people. A lot of people have had to forego college, getting married, buying a car or moving into their own home because of debt. most Americans would be working after their retirement because they need money to offset their debt. A lot of millennials are now staying with their parents and postponing achieving life milestone due to debt. the stench of debt is worsened by the fact that we live in a society that tells us that it is good to buy now and pay later. This has given most people a false sense of financial security. The pandemic has exposed this rot in our financial system whereby barely a month after losing their jobs, 30 million Americans filed for unemployment benefits. This books helps you understand the various types of debt and how to manage them. It is a manifesto for those who want to be financially independent and retire debt free. It makes a good read for teenagers and millennials who want to avoid the debt trap and take charge of their financial future. Overall, it is a most read for everyone who is being burdened by debt and hopes to escape its vicious cycle.