As many of you know, over the last year, I’ve been writing a book outlining the specific details of how exactly I went from being tens of thousands of dollars in debt and working at a job that caused me to miss my family and made me long for the career I wanted to doing exactly what I wanted to do: writing, spending a ton of time with my children, and living without the anvil of debt hanging around my neck.
That book, The Simple Dollar: How One Man Wiped Out His Debts and Achieved the Life of His Dreams, is now largely finished (I’m in the process of checking over the galleys to make sure that it’s ready to go) and will be available in bookstores on June 28, 2010!
Here’s the “back of the book” blurb:
The Simple Dollar can change your life.
Trent Hamm found himself drowning in consumer debt, working in a job he couldn’t stand… and figured out how to escape that debt and build the fulfilling career he’d always dreamt about, all at the same time.
Hamm shared his experiences at TheSimpleDollar.com–and built it into one of America’s top personal finance websites. Now, The Simple Dollar is a book: packed with practical tips, tools, and lessons you can use to transform your life, too.
This isn’t just “another” personal finance book: it’s profoundly motivating, empowering, practical, and 100% grounded in today’s American realities. Trent Hamm will show you how to rewrite the rules, creating healthier relationships with money… and with your loved ones, too. With his help, you can get out of debt, start moving forward, and build the strong personal community that offers true happiness–no matter what happens to the economy.
· Escape the plastic prison, and stop running to stand still
5 simple steps to eliminate credit card debt… and 5 more to start moving forward
· Shift your life’s balance towards more positive, stronger relationships
Learn how to put the golden rule to work for you
· Discover the power of goals in a random world
Then, learn how to overcome inertia, and transform goals into reality
· Navigate the treacherous boundaries between love and money
Move towards deeper communication, greater honesty, and more courage
So what’s it really about? Here are five things you need to know.
1. The book is divided up into nineteen short chapters, each one focused on a specific topic. The chapters are ordered in something of a progression, with a longer chapter on getting rid of your debt coming earlier in the book and other chapters on topics such as redesigning your life to meet your values (like, for example, walking away from a very steady job to become self-employed and a more focused parent, which is what I did) coming later.
2. Each chapter finishes with five specific action points to take with you to follow up in your own life on the ideas presented in the chapter. That way, you’re not left with a sense of “That’s cool, but it doesn’t really apply to anything I could do.” Trust me, most of the chapters will end with something you can do to improve your state.
3. The chapters have a lot of personal anecdotes. I talk a lot about the things I tackled in my own life, how they worked, and how some of them didn’t work. Although I wouldn’t call this book a memoir by any means, there are certainly some strong elements of using my own life to illustrate some of the things I’m talking about.
4. I did a lot of interviews of different people for this book. By “people,” I don’t mean personal finance gurus and the like. Most of the people I interviewed for this book are readers of The Simple Dollar, real people who made mistakes and figured out their own way to overcome them.
5. This book doesn’t just re-hash the same old personal finance ideas. I draw from things as disparate as Nicholas Taleb’s book The Black Swan, the philosophy of Jeremy Bentham and John Stuart Mill, and research papers in cognitive psychology, but I sought to tie them together into something that matters in your day-to-day life.
It’s a cool book. I’m very proud of it and I can’t wait for it to come out!