I just finished reading the book the automatic millionaire by David Bach. He espouses many of the financial principals already out there like saving up one month's emergency fund, then paying half of what you save towards debt (the past self) and the other half to your self (the future self).
He had interesting tactics for credit card debt as far as consolidating your debt, talking directly to a supervisor when you call.
He advocates for buying a home versus renting. Statistically the average renter in America has a net worth of less than $4,000. Homeowners, on the other hand, have an average net worth of $140,000. Pretty stark contrast.
There are a surprising amount of automatic programs out there for saving outside of the traditional 401k plan.
I also learned that an IRA is just like a checking account that is a holding account for your money and you have to decide where to put it. Not that you still don't get to decide with a 401k plan, but it was something I don't think I quite understood.
Overall I think if someone is in credit card debt and struggling financially that this book would be helpful, but if someone wants to be more proactive in their investing/financial approach there are likely better ways of doing it.
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