Consumer debt is at an all time high of 2.5 trillion dollars. Even more alarming is the amount of interest that will be paid is between 2.5 and 3.0 trillion dollars. Most families will pay an additional 50% to 200% on top of their current balances. African Americans will undoubtedly pay more than their fair share and consequently will have less discretionary income. Currently, African Americans save 20% less than whites. Professor Bill believes this is because of a lack of basic debt education and predatory lending practices. Many African Americans continue to pay the bill with the highest interest rate first. But sound money management requires a plan and mathematics. Most people avoid this like the plague.

The financial revolution has started. Consumers are beginning to shift millions of dollars of interest payments from lenders to improve life styles, fund education and retirements plans, and create savings and emergency funds. African American families spend $800 to $2,000 per month to reduce debt. A substantial portion of each payment is interest. The revolution started with the release of the book Leveraged to the Hilt? by Professor Bill Keating from Directed Dollar Publishing Company.

This is a book about educating the consumer about debt. The focus is on becoming debt free and staying debt free. Adding to the uniqueness of this book is an attached CD-ROM which contains several software programs. These easy to use software programs do the math required to develop decision-making information. One of the software programs will generate a personalized plan to become debt free. Of course there are many other features. A detailed description of the book, software and author can be found at www.ddpub.com. The book retails for $39.95.

The author and publisher of the book is William W. Keating, Jr., a.k.a. Professor Bill. He received his Bachelor of Science degree from Johns Hopkins University and his Master in Business Administration from the University of Chicago. He is currently semi-retired and is an adjunct faculty member at Johns Hopkins University where he teaches a variety of finance courses in the MBA program. The book is based on sound finance and accounting principles with a large dose of personal experiences as a consumer and a financial counselor.

Professor Bill is available for media interviews both in person or remotely. Please contact him at 301-924-1329 or profbill@msn.com.

You may obtain a review copy of the book by emailing Professor Bill with the particulars. You can expedite the request by entering Review Copy as the subject.