It’s not often that I enjoy a good “financially-focused” book. Most of the books out there contain no new information than what I can already find searching online. But this is not the case with Clark Howard’s new book, Living Large for the Long Haul.
Clark Howard is the host of the Clark Howard Show, and he’s always got amazing advice for consumers when it comes to saving money. When I first received the book in the mail from Clark himself in order to do a review, I was honestly hesitant and skeptical. I don’t know about the rest of you, but I seriously have a hard time reading financial books. Most of them come off really boring, and the information isn’t always relevant.
But I was pleasantly surprised, and found Clark Howard’s book to be a fantastic read. Every chapter begins with a story of a real person and his or her experience as it relates to being financially savvy and/or going through difficult financial times.
The chapters are broken up by relevant topics, which makes it easy to find the topic you’re interested in. You will read stories and advice from Clark on topics such as buying a house, buying a car, entrepreneurship, raising kids, health insurance and more.
Here are five tips that really stood out to me, blew my mind and made Clark Howard’s Living Large for the Long Haul one of the best reads of the Summer. And if you think these are good, you should definitely pick up a copy of the book for the rest of his amazing tips and information.
1. If you’re looking to buy a house, consider looking at foreclosures to save a serious amount of money. HomePath.com is a great site to find Fannie Mae foreclosures. If you’re willing to do some fixing up, it’s easy to save 75% on buying a home.
2. Consider medical tourism if you have a procedure that needs to be done. Clark tells the story of a man that received a heart catheterization as well as open heart surgery in India all for the price of $9,000. If the man had had the same treatment here in the U.S., he was looking at spending between $150,000-$300,000. Check out JointCommissionInternational.org to find medical institutions around the world that are accredited by JCI.
3. Don’t give into the idea of constantly having a new car. Many people drive a car for a few years and then turn it in for a new model. Loans are then compiled together making payments even worse than if the initial loan was paid off before a second car was purchased. Sticking with a car for longer means more money in the bank.
4. If there is an error on your credit report, you need to file a dispute with both the credit issuer and the credit bureau simultaneously. Sending all your documents via certified mail, return receipt request, will usually end up bringing about better results. Check out ConsumerFinance.gov/complaint for more info.
5. Wanting to start your own business and become an entrepreneur? The Service Corps of Retired Executives is a group of volunteers that will give you free advice and counseling for those that want to start their own business. Check out Score.org for more info.
These tips don’t even scratch the surface of the amazing information contained in this book. So let’s giveaway a copy of it, shall we?
Crystal Collins, CEO of naturalthrifty.com, is also a weekly contributor to ClarkHoward.com. No financial compensation was received in exchange for this review.