Keeping Your Money Safe & Sound

Suze Orman's 2009 Action Plan

by Suze Orman

Number of pages: 209

Publisher: Spiegel & Grau

BBB Library: Economics and Investment, Personal Success

ISBN: 9780385530934



About the Author

Suze Orman is #1 New York Times bestselling author, writer and producer. Orman is undeniably America's most recognized expert on personal finance.

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Editorial Review

There is a new reality out there–a new normal. What was once certain–that you would be able to retire comfortably; that you would pay for your kids’ education; that your home would appreciate in value–is no longer a sure thing. So much has changed on the financial landscape that it’s hard to know which moves are the right ones to make. Suze Orman’s million-copy, bestselling financial action plan will show you the way.

Book Reviews

""The 2009 Action Plan is designed to be (and is) a quick read that offers an overview of where we are, where we are headed, and how we can position ourselves for the ride. For those people who recognize they need to make a plan but aren’t sure where to start, the hour or so it will take to read this book is one of the best financial investments currently available." - Curled Up

"It may be worth looking at if you want help establishing a good financial plan." - The Balance

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Wisdom to Share

A secure financial future is in large part going to be a function of how willing you are to take action today.

The era of living beyond our means is giving way to an age of living a more meaningful life based on financial honesty.

Crises force us to take a clear-eyed view of what went wrong and compel us to make necessary adjustments to avoid the same suffering again.

In tough times, you take the best offer available and appreciate that you have a job that allows you to support your family.

There is no guarantee your next employer needs those very skills or values them as much as your former employer did.

The best way to protect your family is to know that you will still be able to pay the bills while you look for a new job.

Without short-term or long-term credit, a business is going to find it doubly tough to get through the economic slowdown.

Make sure you have all your estate-planning documents in order.

I want you to be in a position to know you have savings set aside to cover the mortgage while you job-hunt.

Over time, a home can be one of the most satisfying investments you can make, but you have to make sure you can afford it.

Do not use credit cards or retirement funds to pay for a too expensive home.

Focus on your home’s long-term value, not its price change from month to month.

Push for a mortgage modification, if your current loan is too expensive.

Stay away from private student loans at all costs.

Small mindful acts can change your entire worldview.

Make sure you have taken advantage of every deal and discount possible.

You cannot move forward building an honest financial life, if you do not first understand where you are today.

Tomorrow is here, and it requires a commitment to taking the actions that put you and your family on a lasting path to financial security.

The financial crisis has served as a deafening wake-up call that will not stop ringing in your ears.

If you use online banking, print out each payment for at least six months and tuck them in a safe place.

Be very careful when asked to cosign any loan, no matter how much you love the person who is asking for your help.

An unpaid balance where there once was none, makes a credit card company nervous.

Build a real emergency savings account. Relying on your credit card to bail you out of emergencies is too dangerous.

Be very careful where you turn to for help with credit card debt. Debt consolidators are often a very bad deal.

Make it a priority to pay off your credit card balances.

When it comes to financial matters, often the decisions that calm us amid tumult are actions that can imperil our long-term security.

In times of great stress, it is natural to react by making decisions that bring instant relief.

No matter how conscientious you have been with managing your money, the events of 2008 have battered us all.

With the new economy, it is essential to face facts and take control of your financial life.

The economic crisis that struck in 2008 has left no one untouched and everybody reeling.