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Suze Orman - The 9 Steps to Financial Freedom

Suze Orman - The 9 Steps to Financial Freedom

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Director: Tedd Tramaloni
Actor: Suze Orman
Studio: Pbs Paramount
Category: DVD


This item is no longer available

Rating: 4.0 out of 5 stars 210 reviews
Sales Rank: 99404

Format: Color, Full Screen, Ntsc
Language: English (Original Language)
Rating: NR (Not Rated)
Region: 1
Aspect Ratio: 1.33:1
Number Of Discs: 1
Running Time: 87 Minutes
Shipping Weight (lbs): 0.2
Dimensions (in): 7.1 x 5.4 x 0.6

ISBN: 1415702659
UPC: 097368860049
EAN: 9781415702659
ASIN: B00062IDYM

Theatrical Release Date: 1998
Release Date: December 14, 2004

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Editorial Reviews:

Amazon.com
Suze Orman's seminar-format video offers a financial pep talk to accompany her book of the same title. Though a good deal of her nine steps are nothing new or revolutionary--plan for the future, cut your credit-card debt, organize your estate, respect money, and take charge of your own money--she makes a few noteworthy points. Using psychology to flush out attitudes about money, she asks the members of her audience to think about their earliest memories of money and how it shapes their relationship with it now. She recognizes the feelings of shame and guilt associated with money and tells us to get over it--that these feelings are the very ones that paralyze our path to financial freedom. Her basic formula of financial freedom seems difficult to achieve since it requires us to factor in self-esteem, organization, dedication, and feelings of entitlement. She also feels strongly that "stating your goal will make it happen, no matter how impossible it seems," which is reminiscent of the psychology behind the "Little Engine That Could"--a bit simplistic when it comes to the complicated but still accessible world of finances. Orman's target audience is both one that needs a financial pep talk and one that isn't necessarily well versed in financial jargon. A person of any age can find something useful in her helpful, if urgent-sounding, reminders. She uses some statistical scare tactics--such as mentioning that one in three people over the age of 65 will end up in a nursing home, so you'd better get long-term care insurance--to drive her points home but then buffers them with an "everything happens for the best" and "your self-worth is more important than your net worth"-type philosophy. Orman ends the lecture with an enlightening question-and-answer session that elaborates on points not covered by her speech, such as how to find a good financial planner and the differences between retirement funds. Those looking for a specific formula to financial freedom may have to look elsewhere, as Suze Orman's philosophy is that we ourselves can and should be our own best financial advisors since we know ourselves better than any financial writer or planner ever could. --Gilia Angell


Customer Reviews:   Read 205 more reviews...

1 out of 5 stars 2% good advice wrapped up in 98% of absolute rubbish   August 20, 2008
Michelle Depesa (Watertown, MA United States)
I wanted to like this, and there is some good 101 style advice in there about lump sum versus slower investing and trusts versus wills but this is basic info - the rest is baby boomer rubbish about "attracting money" with your beliefs, treating money as a "cherished friend" etc. She says it makes you "powerless" to help people out financially, that you should not help your kids pay bills, and that the only "powerful" way to give away money is to give it to your parents because you owe them for having you, and to give your money to a charity or church. So baby boomers if your gen x kids are swimming in debt from student loans hand more money to charities and places of worship and don't "lose power" by helping your kids. There is nothing in here for people under 40 and/or those struggling to start out in life under a mountain of student loan debt. Pass this one by.

I strongly recommend "Pat The Money" as the antidote to this book.



5 out of 5 stars Great Financial Advice!!   August 9, 2008
Bruce Moeller (De Pere, WI)
Having just gone thru a divorce, Suze Orman gives you the financial down-to-earth motivation you need to move on. Her heart-felt honest advice gives you that feeling that you CAN and WILL be able to handle your money no matter how it is affecting your life.


5 out of 5 stars Good reading! Learned a lot that will save me $$$$$$!   June 25, 2008
Franck Le Bouteiller
This book is simple to understand- well put! This is a must read for everyone--makes you look at your money in a whole new light.


2 out of 5 stars Suze's mistake   May 19, 2008
J. Erdmann (Milwaukee, WI)
2 out of 2 found this review helpful

As I have read many of Suze's books, I have tried to look for the common sense approach. While I have found this in many of her books, I have also seen a very broad blanket statement being told through out her books. That statement is to not trust Financial Advisors. While it is true that there are some financial advisors that are not honest. This is true of any profession. But this does not mean that every advisor is out to just make a commission.
I have been an advisor for quite some years now. I have my Series 7, 65, 63 and Series 6. I am licensed in Life, Health. I also have the designation of CFP. I specialize in estate planning and wealth accumulation strategies. One of the biggest issues that I have with my profession is when some one "whips out the Suze Orman Fan Club Card". She makes blanket statements that many people do not understand. It makes my job 10 times as hard to help my clients. When they do repeat a statement that Suze has said, I many times have to go back and re-educate them as to the meaning of what she said.
Now is Suze just spouting non-sense? Of course not. Some of her advise is very good for the very common, starting from the bottom person. But it does not provide good sense for everyone.
If you are going to work with an advisor, do your home work. Ask them what they are licensed in. Ask them to explain to you why this is the best option and how it's going to benefit you. Ask about what their commissions are. They legally have to tell you. Do the research on each one and if they don't pass the "sniff test", kick them to the curb.
But please, do not believe everything that Suze writes. Not all of it is true and much of it is taken out of context. Your best bet is to educate yourself with someone who has been licensed (Suze is not licensed in securities) and has written books.



5 out of 5 stars An Excellent Book For Anyone to Read   April 28, 2008
Judy (Texas)
The book has some very valuable information for everyone. From beginning to save with a 401K or any savings plan, to Wills and other necessary documents one should and must have drawn up, its very informative. Suze refers to situations in her experience which can show us why we do or do not prepare for retirement as we should and how emotions from the past cause us to deal with money. I recommend this book for everyone to read.

Worthwhile Reading

Three Tips to Help Planning Retirement
By Brenda Cyr

Thinking about retirement is not usually on the top of our list of things to do. Then suddenly we reach the point in out life when retirement is close to becoming a reality. At that point, you really need help in planning your retirement. Sure, we think about it from time to time, but never take any action on our thoughts. Don't let lack of action destroy your retirement, and leave you working well into your seventies. Use these three tips to help plan your retirement and to get started today.

1. Be Realistic about Retirement. Most people don't take the time to sit down and figure out how much money they will need for their retirement. Here is an easy way to plan what you'll need for retirement. Take the amount of money you are now living on per year, and subtract the amount of money you can save once the kids move out, and you downsize to a smaller home and car. Take that amount and multiply it by how many years you think you will need to live on your savings. The average life expectancy is 80 years.

2. Make a Budget. This will be one of the biggest helpers for planning retirement finances. Take out a sheet of paper and write down all your monthly expenses. Include your utilities, credit cards, groceries, and everything that you spend money on through the month. Make sure that you add a set amount for retirement savings. The next step is to subtract this amount from your take home income. Do you have anything left over? If you do, that is excellent. You can use these savings for a rainy day account.

3. Cut Back on Expenses. You already knew this was coming. You have a budget, and know what you are spending; now it's time to see where you can cut back so you can put more money into your retirement account. You don't have to cut out all the luxuries in your life, but you might find that by renting movies more often, rather than taking the family to the theater will let you enjoy more luxuries when you retire.

These three tips will help you get started saving for your retirement. Of course, there are many resources available to help planning for retirement. There are many aspects of retirement to consider as well- your health, your social life, your leisure activities and hobbies. By following these three tips, you will be taking action to help you plan for the best retirement possible.

Are you really ready to retire? Get our free report- How to Supercharge Your Retirement, and make sure you can enjoy the retirement you deserve. Visit http://www.RetirementPlanningHandbook.com today.

Brought to You by Sagetips, LLC in Association with Amazon.com
Retirement Facts

In the private sector, participation by type of retirement plan has largely reversed over the past quartercentury: 'Traditional' defined benefit pension plans were dominant in 1979, but have been overtaken by defined contribution (401(k)-type) plans. The share of workers who are in both a defined benefit and defined contribution plan has remained fairly constant over the years.

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