7 dos and don’ts for the long haul


About Clark Howard

Find more answers to your consumer questions, plus Clark’s brand-new book “Living Large for the Long Haul,” at ClarkHoward.com.

Listen to Clark Howard weeknights from 6 to 9 p.m. on AM1290/95.7FM News Talk WHIO.

Clark book-signing

Clark Howard is coming to Books & Co. to sign copies of his new book, “Living Large for the Long Haul,” at noon Thursday, Aug. 15. The store is in The Greene, at 4453 Walnut St., Beavercreek. More information: www.booksandco.com.

My 10th book, “Living Large for the Long Haul,” was released on Tuesday. In the new volume, I relate 50 inspiring stories from real people who turned their financial fortunes around. From real estate to retirement savings, cars to travel, entrepreneurship to health care, I provide more than 200 powerful takeaways anyone can use to take control of their wallet and stretch a buck.

The following tips are in the spirit of the long haul.

Transportation: Cars are the second largest expense in most people's budgets right behind housing. I'll tell you how one couple saved more than $90,000, paid their education in cash, and paid off their mortgage—all by doing something that more young people are doing every day.

Health care: Major health procedures for an aging population don't have to come with astronomical costs. One uninsured man found a way to pay just $9,000 for major surgery that could have topped $300,000.

Student loans: The cost of college is a hardship for many. I'll share stories of a young woman who had nearly $40,000 of her student loan debt forgiven, and another man who found a way to pay the bills and hone his skills en route to a graduate degree.

Credit:

Did you know it’s possible to raise a credit score by 300 points while earning less than $30,000? Or to pay off $40,000 in credit card debt in just 24 months? Or to actually keep your credit rock solid even if your income drops by 80 percent? I know because I spoke to the people who did these things and I’ll tell you how they did it.

Technology: You can slash your technology budget by $2,000 annually without suffering. That means you can get all the TV programming you want and all the data on a smartphone of your choice — for prices far below what you're paying right now. My book will tell you how to get the job done.

Real estate: Housing values are coming back big-time around most of the country. But if you're still stuck owing more than your home is worth, I have the story of one woman who turned an underwater property into a cash cow. Plus, I'll share the story of a young man who is buying real estate to build long-term wealth, one rental property at a time.

Entrepreneurship: With just $2,000, one man built an online business selling T-shirts from scratch and turned it into treasure. He's just one of the small business owners in my entrepreneurship chapter, alongside better known success stories like that of Atlanta Falcons owner and The Home Depot co-founder Arthur Blank.

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