According to GoBankingRates the average American is more than $225,000 in debt with having less than $500 in savings!
Average credit card debt: $15,263
Average credit card interest rate: 14.95%
Average mortgage debt: $147,591
Average outstanding student loan balance: $31,646
Average auto loan debt: $30,738
Unfortunately, far too few learn the simple, basic principles that can fix their finances. Our schools seldom teach these principals, and it is difficult to find them all in the various books on the topic.
The principles of financial success are relatively few and simple. However, nearly all books available on the topic fall into one of three categories:
There is a great need for a single book that adequately teaches all of these three viewpoints and the skills of each. We need to learn financial offense and defense, which can be summarized as 'earning like a millionaire and living like the middle class'.
Orrin Woodward and Chris Brady have done just that.
Their book is not a 'get-rich' book, but rather a 'get-fit' book. Fitness is a more clear parallel with happiness than 'getting rich' is because being financially fit means living the kind of life that brings economic success but without unnecessary risk, complication, or loss of focus on the more important things in life.