Debt-Free Forever: book provides firm, realistic steps you can take to right the ship

July 19, 2018

Gail Vaz-Oxlade, the well-known author, blogger, and TV personality, provides just the medicine we need if we have stumbled into the horrible minefield of debt.

This book reminds one of going to your parents, cap in hand, hoping for help with the bills, and instead getting a lecture on how you need to fix your problems yourself. As the book says, there is no easy way out of the debt trap. Debt-Free Forever provides a detailed, step-by-step plan right your personal ship of state. So if you are sitting on a pile of debt that is starting to feel uncomfortable, your folks will be glad to hear you’ve picked up this book.

The great writing and the “we’ve all been through this and we can fix it” tone of this book is very encouraging and inspires you to help yourself out of your own mess. An example – “it’s a good idea to set a visual reminder of what you’re working toward. Cut out a picture of the home you hope to own and stick it on your fridge,” writes Vaz-Oxlade.

There is a lot of rich content here. The first four chapters talk about “figuring out where you stand” debt-wise, making a plan to get out of it, changing your habits (the hardest part), and planning for the future. While this sounds simple, it requires a lot of work, dedication and focus – but the book sets it all out for you to follow.

On the savings side, Vaz-Oxlade recommends the 10 per cent rule. “Take 10 per cent of your monthly net income… and put it in your long-term savings (like a retirement plan),” she writes. For those who say they can’t afford to save because they don’t make enough, have too much debt, or “want to live for today, man,” Vaz-Oxlade talks of the Law of Inertia.

“It is so much easier to maintain the status quo than to change. Fact is, you can’t save $10,000 until you save $1,000. You can’t save $1,000 until you save $100. You can’t save $100 until you save $10.”

Start small, she advises, make savings automatic, and gradually ramp savings up. This excellent book will help you turn things around in your financial life. It’s published by Collins.

And once you get on track, the Saskatchewan Pension Plan is a great place to set up regular, automatic contributions to your long-term retirement savings. Check out SPP today at

Written by Martin Biefer
Martin Biefer is Senior Pension Writer at Avery & Kerr Communications in Nepean, Ontario. After a 35-year career as a reporter, editor and pension communicator, Martin is enjoying life as a freelance writer. He’s a mediocre golfer, hopeful darts player and beginner line dancer who enjoys classic rock and sports, especially football. He and his wife Laura live with their Sheltie, Duncan, and their cat, Toobins. You can follow him on Twitter – his handle is @AveryKerr22
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