Thursday, February 22, 2007

Michael Mihalik, author of Debt is Slavery interviewed on Money Blogger Podcast


My guest for this podcast is Michael Mihalik. He's the author of a new book, Debt Is Slavery.

Michael's story starts in a common way: he got his first credit card in high school, and soon started spending beyond his means. After college he got a good job, which led to a higher credit limit, allowing him to spend even more.

Much of what Michael bought with credit were things of no lasting value. He realized he was left mostly with debt, not things, and ultimately he felt enslaved by the debt.

Michael turned things around and found his way out of debt by achieving a mental shift in his view of money. He describes some of this experience in the interview, and gives us a preview of the 10 of the lessons about money that he learned. You can read them all in Debt is Slavery, and 9 Other Things I Wish My Dad had Taught Me About Money.

You can purchase Debt is Slavery at