Michael Mihalik has written a simple book entitled Debt Is Slavery and 9 Other Things I Wish My Dad Had Taught
Me about Money that will help anyone who is struggling with money, provided the reader is willing to take a
serious look at the price he pays for the things he buys. It is Mihalikís premise that we spend our hard earned
money on things we donít need to impress people we donít know. Mihalik puts up front a statement that we should
all be out for ourselves: a wage earner can not spend more than he earns and expect to feel comfortable about his
Mihalik cautions wage earners about falling into the trap of the Giant Marketing Machine which does an
excellent job of convincing consumers of the necessity of having the latest things the machine is trying to sell.
Mihalik suggests that consumers equate the price of goods with time, which is the time a worker must spend at
his job to purchase the item. After considering the item in this light, Mihalik feels most people will forgo
purchasing the item.
The ten tips on dealing with money are simple in statement and concept, but for the person who canít seem to
resist buying items that lose their appeal in a month or so, they need to be stated and followed if the consumer
is to achieve any sense of financial freedom. By following the authorís plan, the consumer will have to change
his way of thinking about money, but will be rewarded with the peace of mind which comes with a solid financial