Do not remember if it was early or late, but I was watching television. Being one who is always looking to absorb new knowledge about financing and investing, my ears are automatically keyed to things such as debt, money, stocks, invest, etc. So as I am perusing the channels I hear debt, something many of us are all too familiar with, and cure and Kevin Trudeau. These words being familiar I stop to listen. Hey, it is a free country; I am willing to give any one a chance.
I have not read the book personally but did some research to see what people said. I was surprised to see it was actually a mixed bag. Some people said it was great and helped them. Others said it was a scam and a waste. From what I read here are the conclusions I made, I probably will not get the book and the reason is in one of my conclusions.
- People even today with all our technology are vastly under educated on the subject of finance. This would be why people who found the book to be worth the money. I am not saying they are not smart, but it shows that are educational systems are lacking.
- Although there is legitimate material in the book, it can be found free on the Internet in 10 minutes. E.g., call creditors to lower your interest rate, or pay down your balances to improve your credit score.
- This guy is trying to make money and he gets a lot of it by hard selling “upgrades”. Kevin Trudeau is willing to risk your anger and legal action to charge your credit card for a subscription you may or may not receive. Much like insurance and other risk prone businesses, it is a calculated risk that he obviously found works in his favour.
- Lastly, and not unlike any of the other shameless cons out there, he is preying on peoples desperation, there wish for a cure all to their debt and someone to blame.
What does this mean for you? Yes, credit card companies and or banks are trying to get your money. Is it fair - no, is the government doing enough to regulate some of their practices - no, but no one made you go out and buy the latest LCD TV or the $300 worth of clothes. I am not saying this is always the case, but it is more often than not. Believe me, I had a family young, did not make a lot of money and often had to turn to credit to make ends meet. I admit I am guilty of living outside of my means at times or not saving for something that I probably did not need to buy that second. So if you want to save some money, do not buy the book, $20, plus the possible hard sells (I believe another $200 according to one review I read), and do some research on the internet (financial benefit only limited by you).
-=Matt
4 responses so far ↓
From what I’ve read and heard, I think that most of the information in the book is fairly helpful. The problem becomes that Kevin has a horrible reputation as well as all the “voluntary” add-ons that you end up paying for when you order it directly from him.
What I’ve suggested is to try and pick it up at Walmart, Amazon, or even look at your local library and give it a read. You get to see what it’s all about and not worry about the extras.
I hear what you are saying and it is a point well taken. However, I have read a book called Credit Scores and Credit Reports by Evan Hendricks and found it to be very good. It is the sort of book you hold on for reference. And if you buy it from Amazon it is $13.57 + $3.99 for shipping. So how is it Kevin Trudeau charges $11.95?
I am interested to see how it compares so I will get my hands on a copy of Debt Cures to compare. But I am willing to wager from what I have seen on the internet that there are much better books at lower cost. That is a win-win and you are not doing business with someone who is a felon.
Кстати подобное придумали около лет 10 назад , а то и больше.:
Да… Мне на самом деле близка обсуждаемая тема! Даже грустно как-то