Breaking Free From Broke Book Summary - Breaking Free From Broke Book explained in key points
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Breaking Free From Broke summary

George Kamel

The Ultimate Guide to More Money and Less Stress

3.8 (33 ratings)
16 mins
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    Breaking Free From Broke
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    A paradigm shift

    If you’ve ever lived or are currently living paycheck to paycheck, you know how stressful it can be – wondering if you’ll be able to afford rent or groceries each month, maybe even having to decide between paying rent or buying groceries. And that’s not even considering when children or other dependents are in the picture.

    Paycheck-to-paycheck living is an extremely uncomfortable place to be, and Kamel was in just such a place when he first graduated from college with close to $40,000 in debt and a job that barely covered his monthly expenses and student loan payments. He’d been living according to the traditional financial philosophies propagated by American society – that paying with credit cards was normal, as were student loans, giant mortgages, and being stressed about money.

    But then, while employed at Dave Ramsey’s company, Kamel learned a new financial philosophy and undertook Ramsey’s financial program Baby Steps. And, as you might already know, within a decade, Kamel had become a debt-free millionaire.

    So how did he do it? And how can you?

    Well, the first step is reevaluating and discarding some of the traditional financial philosophy society has ingrained in you, which you may or may not be fully aware of. This paradigm shift can be difficult and at times outright enraging, but it’s a necessary part of transforming your financial life. Kamel acknowledges that everyone comes with a different backstory and a different set of life circumstances. But everyone is capable of transforming their finances if given access to the right knowledge and taught the techniques Kamel and countless others have followed to become debt-free millionaires.

    In the next section, we’ll dive into some of the beliefs you might hold – aware of them or not – that are probably preventing you from achieving financial freedom. Because to get rid of unhelpful views, you first have to understand what they are and where they come from.

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    What is Breaking Free From Broke about?

    Breaking Free from Broke (2024) details the financial philosophies author George Kamel used to move from $40,000 in debt to being a debt-free millionaire. Discover how, with a paradigm shift and the right financial practices, you can achieve your financial goals and start living the life you want.

    Breaking Free From Broke Review

    Breaking Free From Broke by George Kamel is a practical guide to achieving financial freedom and transforming your relationship with money (2021). Here's why this book stands out:

    • Offers actionable strategies for managing and growing your finances effectively, empowering readers to take control of their financial future.
    • Provides insightful advice on breaking free from limiting beliefs and developing a positive money mindset for long-term success.
    • Packed with real-life examples and relatable stories, the book keeps readers engaged and motivated throughout their journey to financial well-being.

    Who should read Breaking Free From Broke?

    • Anyone who wants to take control of their finances
    • People looking for a modern, no-nonsense approach to becoming a millionaire
    • Those curious about a millennial take on Dave Ramsey’s financial philosophy

    About the Author

    George Kamel is a millennial financial expert. In less than ten years, he went from being in debt to being a debt-free millionaire, and now shares his experience, knowledge, and advice through his YouTube channel and as part of the Dave Ramsey team of experts. Breaking Free from Broke is his first book.

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    Breaking Free From Broke FAQs 

    What is the main message of Breaking Free From Broke?

    The main message of Breaking Free From Broke is to overcome financial struggles and build a path to financial freedom.

    How long does it take to read Breaking Free From Broke?

    Reading time for Breaking Free From Broke varies by reader. The Blinkist summary can be read in around 15 minutes.

    Is Breaking Free From Broke a good book? Is it worth reading?

    Breaking Free From Broke is a valuable read due to its practical advice on financial empowerment and growth.

    Who is the author of Breaking Free From Broke?

    George Kamel is the author of Breaking Free From Broke.

    What to read after Breaking Free From Broke?

    If you're wondering what to read next after Breaking Free From Broke, here are some recommendations we suggest:
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