Rating: Summary: Interesting financial tips to save you thousands of dollars. Review: A "must read" book for anyone concerned with their financial future and for the financial future of their loved ones. Easy to read and understand. See why a will may not give you the protection you are looking for to distribute your assets.
Rating: Summary: Invaluable Review: I wish that I had had this book twenty years ago. I realized that I have never learned anything about money other than how to stress over it. It is not part of the American education to teach how money works, where it comes from, how to manage it and how to be comfortable with it. Suze Orman gives us all of this in an easy to read, informative book It appeals to the intellectual as well as the spiritual aspects of how to attract money and let it grow. I am already making changes in my life as a result of reading this book and I am sharing copies with everyone I know, especially my friends in their twenties. Read it. It may change your life
Rating: Summary: Financial Serenity Review: While this author describes 9 steps towards "Financial Freedom," I kept asking myself, "But what about ...?"For those of who want a great primer into recreating your financial identity, this is an excellent beginning. Suze Orman started out with a degree in Sociology (And she was attacked in the financial world for having "too much psychobabble"). Two events that compelled her to learn about and to be an expert on money: 1. When her father's store caught on fire, he desperately ran into the store to grab his cash register. This caused him to be badly burned. And it taught Suze Orman to learn about investments, savings and related topics. 2. After college, she was a stock broker for Merrill Lynch. This is where she learned the difference between what was being told to the public, and what the truth about money is. Through these events she discovered her life's work is telling people the truth about money. Within this book Orman talks a lot about uncovering your money memories, and seeing where those money memories have led you to have the relationship to money that you now have. She also covers many fundamental topics about retirement and investing in this book. But she does not take readers through the journey of earning a dollar, to growing that dollar into several millions - or to allowing that money to work for you. I'd suggest that you read these seven books, after reading "Nine Steps to Financial Freedom": 1. "More Wealth Without Risk," by Charles Givens 2. "Financial Self-Defense," by Charles Givens 3. "The Millionaire Next Door," by Thomas J. Stanley, Ph.D., & William D. Danko, Ph.D. 4. "Simple Abundance," by Sarah Ban Breathnach 5. "Creating Money," by Sanaya Roman & Duane Packer 6. "Girl, Get Your Money Straight!" by Glinda Bridgforth 7. "Open Your Mind to Prosperity," by Catherine Ponder Where most financial books assume that you have money, and that you are not only ready to allow that money to work harder than you work, they also assume that you will be at peace with this. Read "Nine Steps to Financial Freedom," to face your past, and to practice, for the sake of practicing to be a peace with your control over money.
Rating: Summary: Useful bits Review: I found this book to be sowewhat educational with a some good ideas here and there. With books like this, I try the philosophy "absorb what is useful". Some things are very helpful and some are just conceit in my opinion. I wouldn't pay too much for it, but every little bit of simple info helps.
Rating: Summary: Please don't allow this woman to ruin your financial life!! Review: I am a financial advisor and counselor and I have run across many so called "experts" in the financial world. Never in all my time have I found one more consistently at odds with reality than Suze Orman. Reader beware: there is just enough truth in Suze's advice to make it half-way believable but rest assured if you follow her advice consistently, you will end up in a much greater mess than you may already be in. Examples of TERRIBLE Suze Orman advice:
1.) buy your vehicle brand new and on credit. (many Americans do this but no financial advisor in his right mind would ADVISE you to do this. Your new vehicle will lose an average of 60% of its value in the first 2-3 years leaving you holding un upside down car note rendering you tied to this car for better or worse). Buy your car at least two years old and preferably with cash.
2.) Buy no-load mutual funds. Study after study has shown that more than 90% of your investment performance can be tied not to the specific investment you make, but to Asset Allocation. When you buy a no-load mutual fund what you are really buying is a no-help mutual fund. Unless you are well versed in the proper asset allocation based on your specific time horizon and risk parameters, this is a stupid piece of advice. P.S. studies have also shown that those who work with an advisor on their investments typically net more than twice that of their "do it yourselfer" counterparts.
The list could go on and on but what it boils down to is that Suze makes ridiculous amounts of money telling people how to ruin their finances. If you want strong financial advice, you aren't going to get it here. I hope you will heed my warning. If not, you will remember it looking back.
Rating: Summary: Strange religion with financial planning Review: Suzy should stick to just financial planning. She should not try to be a preacher nor a psychologist. Here's a sample of her junk, "Analyze the fears within you. Write down your earliest dealings with money and you will see why you are the way you are..." "To get money, you must first part with it, then money will find you" "Money has a power, if you don't respect it, it won't respect you" Come on!!! I give this book 4 stars for the solid financial planning. I learned about trusts, wills, insurance, index mutual funds and no loads, saving for the 401K. Unfortunately, I give it negative (-3) stars for the eastern religious themes and general bizare moral relativism.
Rating: Summary: Not bad, But Not Great Review: If you've read one Suze Orman book, you've read them all. Those who are deeply in debt should certainly look elsewhere. Try also Surviving Financial Disasters, for those who are truly looking to get out debt. Also The richest man in Babylon.
Rating: Summary: Deals with emotions of spending , a crucial success factor Review: What separates Suze Orman from the rest of the Personal Finance authors? She deals with the emotional issues surrounding money. This book addresses those issues head-on.
The chapter entitled "Being Honest with Yourself" is an excellent example of this. She talks about throwing away a three dollar magazine you never read or tossing five dollars worth of food that went bad into the garbage. People do it all the time... Then she mentions trying to throw away a dollar bill. It's much more difficult, but in reality, it's the same thing.
In "Facing Your Fears and Creating New Truths", she discusses how strange it is that people can hold down a job, raise a family, deal with everything that comes up in their life except their money. She says that the most normal excuse is not enough time, then goes on to explain that time is not the issue. The real issue is that many people don't want to deal with their money, they are afraid to.
These are just two examples of the excellent, real life advice offered in this book. Conquering those types of issues and fears are the first step on the road to financial freedom.
John L. White, author "I'm in Debt, Over 40, With No Retirement Savings, HELP!" ISBN 0974068748
Rating: Summary: Useful bits Review: I found this book to be sowewhat educational with a some good ideas here and there. With books like this, I try the philosophy "absorb what is useful". Some things are very helpful and some are just conceit in my opinion. I wouldn't pay too much for it, but every little bit of simple info helps.
Rating: Summary: More Dr. Phil Than "The Wealthy Barber" Review: I really thought the 9 steps were going to be financial steps, but they aren't--most of them are psychological steps to being more "respectful" towards your money. That's fine and good, but some of us need to know more about the different kinds of IRAs than what childhood event formed out personal attitude towards money. This book is helpful for people who have issues with money, not really so for people who just want to know how to invest it better. Should be sold as Self-Help, not Finance.
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