If you watched 20/20, America in Debt, the author featured in the first segment was Robert Pagliarini and his book, The Six Day Financial Makeover, available on Amazon.com.
From the show, Robert’s equations for a quick glance into your financial health are:
1. If your outgoing monthly debt payments are more than 1/3 of your monthly pre-tax income, you have a debt problem.
2. As a percentage, you should be saving 1/2 of your age. For example, a 36 year old should be saving 18% of his/her income.
Also featured was Dave Ramsey, author of The Total Money Makeover, which I’ve featured previously in Becoming Debt Free.
