Summary and book reviews of The 9 Steps to Financial Freedom by Suze Orman

The 9 Steps to Financial Freedom

by Suze Orman

The 9 Steps to Financial Freedom
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  • First Published:
    Apr 1997, 285 pages
    Paperback:
    Dec 2000, 288 pages

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Book Summary

The first personal finance book that gives us not only the knowledge of how to handle money, but also the power to break through the barriers that hold us back.

Managing money is far more than a matter of balancing our checkbooks or picking investments--witness the fact that many of us know what we ought to be doing with our money yet often just don't do it. This is the first personal finance book that gives us not only the knowledge of how to handle money, but also the power to break through the barriers that hold us back.

Suze Orman, certified financial planner and best-selling author of You've Earned It, Don 't Lose it, goes beyond the nuts and bolts of managing money to explore the psychological, even spiritual, power money has in our lives. Before we can get control of our finances, we must get control of our attitudes about money, feelings that were shaped by our earliest experiences with it. Letting go of these anxieties and creating new attitudes are the first steps of Suze Orman's program.

Next comes mastering the practical elements of financial life: investments, credit, insurance, and estate and retirement planning. This book tells you everything you need to know to provide for your-self and your family--not abstract principles but specific, concrete, and easy-to-follow procedures. Here you will also find the latest tax code revisions regarding estate taxes, inheritance, and individual retirement allowances (IRAs), including vital information on the new Roth IRA and educational IRAs and how to make them work best for you. You'll also learn why you should trust your own instincts more than someone else's advice in making any financial decision.

Finally come the most unusual--and powerful--steps: understanding the spiritual side of money. As Suze Orman explains, financial freedom is about realizing that we are worth far more than our money. Her program concludes by showing how to leave behind financial anxieties and open ourselves to true abundance--not only of the pocketbook but also of the heart.

What Do You Want from Your Money?

What do you want from your money? College tuition for your kids? A bigger house and a new car? Security when you retire? Wouldn't it be great simply to have enough money so you don't have to worry?

The "enough money" part of that equation is easy. By the time you finish this book you will understand everything you need to know about managing and protecting your money and making it grow. The "so you don't have to worry" part is much more complex. It actually has nothing to do with how much money you have or how little. You can balance your checkbook until you're blue in the face, you can move money every day between your mutual funds, you can double your life insurance, you can buy lottery tickets--and none of it will do you any good until you get beyond the worry and fear. The fear of money, the fear of not having enough, the fear of having enough, the fear of taking action, the fear of inaction.

There isn't a part of ...

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Reviews

Media Reviews

Library Journal

In her latest work, she analyzes the psychological and spiritual factors involved in how we perceive money. Her definition of financial freedom is "when you have power over your fears and anxieties instead of the other way around." Through case studies, Orman illustrates the psychological importance of money and its effect on our lives. She offers practical guidelines for investing, preparing a budget, purchasing a home, getting out of debt, and writing a will. A helpful financial worksheet is included. Orman's insightful guide is highly recommended to public libraries.

Business Week Magazine - Robert Barker

Nestled inside [Orman's] cocoon of human-potential bunk are fine chapters on estates, trusts, and insurance---the three deadliest topics on earth - which she handles deftly. The book's single-best section, How To Be a Stockbroker, is a must read if you use or are tempted to use a full-service broker.

Reader Reviews

Hyrum Wacaster

This book is not what people should do but what a couch potato wants to hear. No one is in better hands than with a pro. Her life insurance planning is also a joke

kennethz

According to Business Week,
:the book's single-best section, How To Be a Stockbroker, is a must read if you use or are tempted to use a full-service broker."

And that makes me to add the following questions:

-before you see a stock broker, ...   Read More

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