Synopsis of Content:
Orman addresses nine approaches to financial management in this book. She calls them steps but they are really more like considerations or approaches. Over all her book is a melding of spirituality, self help, psychology and money management. Step 1 for example discusses how your past can affect the way you manage money or fail to do so. Following that Step 2 addresses your fears and money and Step 3 suggests you need to be honest with yourself to manage money correctly.
Steps 4 – 6 are what Orman calls the “must-dos”. They include being responsible to yourself and others by being careful with your money; respecting yourself and others by managing money intentionally; and trusting yourself to manage money rather than just placing it all in the hands of someone else.
In Steps 7 – 9 Orman delves more into what may be called the spiritual side of money or her interpretation of that. She discusses the need to be open to have all you deserve and to understand the natural ebb and flow of money.
At times it is difficult to know whether Orman is a therapist, psychologist, financial planner or spiritual teacher. The fault of this book is that her efforts to be all of these makes her least effective as any of them. There is nothing about the fundamentals of investing and financial planning new in this book. If you like Orman’s “spiritual” approach to finance you may well like this. If you are not impressed by that approach you will be disappointed in this book. It is certainly not a foundation book to use in developing your financial plan.
Orman writes well. She uses lots of stories and illustrations from her life and the lives of clients to illustrate her points. Her text is well organized although some chapters seem to bleed into one another.
Notes on Author:
Suze Orman is a Certified Financial Planner who started as a stock broker with Merrill Lynch. She left there to form her own financial consulting company. She has published a number of books on financial planning and investing, has been on numerous TV programs and has appeared in magazines. She is a popular public speaker.
Suze Orman’s website:
Three Great Ideas You Can Use:
- Use Orman’s 9 steps to financial freedom and other resources to free yourself from financial advisors – you are the best person to guide your own financial program.
- Your past holds keys to your habits and fears regarding how you manage your money – or fail to. You need to look at your life and past events and how they have affected the way you view and handle money.
- Once you understand your fears and why you have the relationship with money that you do have you need to take charge of your financial life by changing those habits and fears and controlling your money.
The 9 Steps to Financial Freedom by Suze Orman
©1997 and 2006 by Suze Orman
Published by Three Rivers Press / Crown Publishing Group / Random House
Rating for this Book:
Overall Rating: Good
Writing Style: Very Good
Technical Difficulty: Easy
Get the book:Wishing you well,
Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.