Debt Diet
Encyclopedia
The Debt Diet refers to a debt management plan made popular by a multi-part series for The Oprah Winfrey Show
, first airing on February 17, 2006. In the series, Oprah Winfrey
teamed up with financial experts Jean Chatzky
, Glinda Bridgforth and David Bach
to create a step-by-step plan demonstrating how to get out of debt
.
The Oprah Winfrey Show
The Oprah Winfrey Show is an American syndicated talk show hosted and produced by its namesake Oprah Winfrey. It ran nationally for 25 seasons beginning in 1986, before concluding in 2011. It is the highest-rated talk show in American television history....
, first airing on February 17, 2006. In the series, Oprah Winfrey
Oprah Winfrey
Oprah Winfrey is an American media proprietor, talk show host, actress, producer and philanthropist. Winfrey is best known for her self-titled, multi-award-winning talk show, which has become the highest-rated program of its kind in history and was nationally syndicated from 1986 to 2011...
teamed up with financial experts Jean Chatzky
Jean Chatzky
Jean Sherman Chatzky is an American financial journalist, author and motivational speaker. Chatzky has given personal financial advice on various TV shows...
, Glinda Bridgforth and David Bach
David Bach (author)
David L. Bach is an American financial author, television personality, motivational speaker, entrepreneur and founder of . Bach, is best known for his Finish Rich Book Series and Automatic Millionaire Series of motivational financial books under the Finish Rich® Brand. He has written 12 books...
to create a step-by-step plan demonstrating how to get out of debt
Debt
A debt is an obligation owed by one party to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.A debt is created when a...
.