My book “Back to the Black: how to become debt-free and stay that way” is based on my own experience of a debt crisis. I faced the very real possibility of bankruptcy but I found another solution.
The latest edition (January 2015) is available from all large online retailers and to order from most bookshops. The digital version is available for kindle, kobo and nook readers.
Praise for Back to the Black
Len Warwick, CBE Chairman, Warwick Butchart Associates Ltd, Independent Financial Advisers, CheltenhamThe banking crisis ensured that money would grab most of the headlines around the world in recent times. People are, of course, affected by the actions or non-actions of politicians and regulators but also by poor decisions in the management of financial institutions. They are affected by job security, property values, investment returns, and business trends. Individuals may themselves make poor financial decisions. They may not control their own financial present and future.
Michael MacMahon’s “Back to the Black” is written by someone who has been there and got the T-shirt. His philosophy is not to look to blame but to emphasise the importance of taking charge. For those who want to learn how to manage their own budgets, or who are fearful they are not doing so, this is a must-read. Michael does not claim to have all the answers but he believes that most of the answers lie within our control.
Robert Jirda, UK“Enjoyable and useful. If you struggle with debt, it seems hopeless. This book offers you a solution.
In between with easy to read style and useful tips, I enjoyed the read and would gladly recommend it.”
Denise Bareham Screenwriter and authorI’m not a fan of How To books, but Michael’s book based on his personal experience brought me into the subject I’d been avoiding for so long.
Philip Clark, Immingham“A book that could just save your sanity.With the present economic situation, all too many people are finding their finances are falling apart. What is important is not to to keep pretending its not happening. This is the book to help you face up to reality and start your journey back to financial stability. It is full of practical ideas, information, options and tools that will help you. Amongst these tools are appendices that contain helpful guides as to how to write to your creditors.Let’s hope you never need the advice in this book. However, whether you’re already there or not, it is well worth while gaining the knowledge to be found here to help you.”
Karen Watkins UK bloggerThis is a well-researched and practical guide to help you solve any debt problems that you may have. Although the book has been written in the UK, the principles apply to wherever you are in the world and the author does include some indication of the sums in dollars or euros.
The author is able to write at first hand experience about this problem as he was himself in debt some years ago, so he fully understands the stress and difficulties involved. In fact, some of the first advice in the book deals with how to deal with that stress before you start to tackle the issues of what to do about the debts. He offers a number of options to help you decide what course to take – eg. to go bankrupt or not to go bankrupt, or how to negotiate a deal for yourself. He includes a number of case studies to help illustrate the situations and sums up each chapter with a brief resume of the points covered. At the end of the book he has provided a list of useful resources that people may wish to call on for help – government bodies, websites, organisations and charities.