Karen's NEW Book

After overcoming her own financial meltdown, author Karen McCall created a recovery program she has now used for more than 20 years to help individuals, couples, and businesses large and small manage their money. McCall’s insight was to realize that though financial planners, accountants, and credit counselors could tell her what she should be doing differently, she needed something else to help her understand the underlying causes of chronic overspending, credit card debt, under-earning, and low or no savings.
 

Financial Recovery offers readers practical, holistic tools that address these sources of pain and shame. McCall’s program supports people as they uncover their deep-seated attitudes about money, provides simple, step-by-step tools for healing physical, emotional, and spiritual deprivation, and teaches skills and strategies for experiencing lasting personal and financial fulfillment, even in the midst of economic challenges and reversals.
 

Financial Recovery is a money-management ally that no responsible spender should be without.

Reviews

Lucy T. Heckman, St. John’s Univ. Lib., Jamaica, NY for Library Journal.

McCall, founder of the Financial Recovery Institute, defines financial recovery as “a process that helps you develop a healthy relationship with money that is both healing and life changing.” She describes her own traumatic issues related to large debt and waiting until near financial ruin and desperation to attempt recovery. She clearly explains ways for individuals to relinquish debt by reevaluating their behavior with money and preparing a strategy for rebuilding finances. Covered topics include examining one’s relationship with money (involving hiding financial woes from family and friends, shame, obsession, and denial); exploring how people get in the same money troubles repeatedly (the money/life–drain); understanding the differences between individuals’ needs and wants; looking at the nitty-gritty of financial recovery; creating a spending plan; understanding the interaction between savings and debt; and ultimately developing “sterling money behaviors.” The author uses case studies to illustrate her points and includes questions for readers to ponder about their own financial situations. VERDICT McCall offers sound, practical advice for anyone interested in learning to maintain financial solvency and, especially, those needing to get out of debt and reclaim their financial lives.—

Trent Hamm, The Simple Dollar Blog

Karen McCall has a fairly interesting premise with this book. From her perspective, anyone who is in a challenging money situation is more or less in the same boat. If you’re struggling with debt, struggling with inheritance issues, or struggling with simply being able to save money, you’re more or less in the same boat.

It’s an interesting take, since the financial tools that you would use to solve these situations are often quite different from one another. McCall’s perspective is that the real challenge all of these situations throw at you come from instability and dissatisfaction with one’s situation and that there are constant principles that turn instability into stability and dissatisfaction into satisfaction....Rather than addressing direct financial topics, McCall’s book focuses heavily on getting your mind in the right place. This book comes off like a psychology book more than anything, as the focus is on making the mental shifts needed to be ready to get ahead with your money.  For many people, particularly people who are earning a reasonable income but just can’t seem to get in a good financial place, this book is just what they need.  To read the entire review, click here.

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