Suze Orman Free Book

[bkworm8it]

It's in PDF foremat so now my mom can download it too. She was going to purchase the Susie Orman book at costco's. I also just downloaded and am emailing it to  myself 

theresam

[Dori]

Thanks for the instructions.  Just downloaded Suze's book and sent it to my Kindle.  Had never done this before.  Now I am on table of contents and will make a note at each chapter telling the location number in my note.

[sebat]

Thanks for the instructions.  Just downloaded Suze's book and sent it to my Kindle.  Had never done this before.  Now I am on table of contents and will make a note at each chapter telling the location number in my note.

You don't have to put the location number in.  Just click on your note and it will take you right to that spot in the book.

[Dori]

My notes are on the table of contents.

[Ann in Arlington]

Dori, you are too clever!  I thought of going through and putting a lot of bookmarks, but location numbers as notes on the ToC is a great idea!

Ann

[sebat]

My notes are on the table of contents.

Oh, I get what you are doing now.

I'm making a note at each chapter, instead.  Now if there was only a way to mesh the two together and recreate the links.

[Dori]

I figured this out when I downloaded Andersen's Fairy Tales and it works great!

Takes a little while, but I will do that when I relax in my chair.

[CS]

Looks like this Suze Orman book won't be free on the Kindle. How disappointing.

I know about the Oprah PDF link, but a converted PDF just isn't as good as an actual Kindle book.

[sebat]

Looks like this Suze Orman book won't be free on the Kindle. How disappointing.

I know about the Oprah PDF link, but a converted PDF just isn't as good as an actual Kindle book.

Maybe so but free is free.   I've got no complaints...especially since it was something I wanted to read but didn't want to spend the money on it.

[Ann in Arlington]

Maybe so but free is free.  

Right. . . and I would not likely have purchased it if it hadn't been.  But it will be helpful me to be able to respond when people ask me about it while I'm doing their tax return.  It's good to know what the various "guru's" are saying and be able to answer folks questions.

I noticed there are a lot of footnotes. (I converted it with mobi creator)  I hope they are properly linked, but I won't be surprised if they're not.

Ann

[LuckyRainbow]

Just finished watching Oprah. It appears Suze's advice has been modified somewhat. She did advocate lining up your credit card according to interest rates. Then while paying the minimum on all the cards, pay what you can afford above minimum on the highest interest rate card. When you get that one paid off roll the amount you are paying (minimum plus overage) onto the next highest card in addition to the minimum for it. Continue until all cards are paid off.

I love her advice and am working to apply it to my own life.

[Dori]

I like to listen to Suze and think her information is right on the money.  She makes you realize honestly where you are and suggests drastic measures to improve your situation.  The number one rule that most folks break is  Do NOT spend more than you earn.  That is digging yourself into a hole one dollar at a time. 

[MaureenH]

2009 Action Plan by Suze Orman, PDF link

http://media.oprah.com/sterm/action_plan_english.pdf

NOTE:  Book no longer available for free download. -- Betsy

[Linda Cannon-Mott]

I like Suze, she knows what she is talking about. I only caught the end of Oprah but she was asking that everyone pledge to:
1. Spend zero money for one day
2. Use no credit cards for 1 week
3. Do not eat out for 1 month (this will be the most difficult for me by far  )

Maybe someone can fill me in on the reasoning behind it. I pledged to do it, love a challenge! She will be on O every Thursday from what I understand.

Linda

[sebat]

I like Suze, she knows what she is talking about. I only caught the end of Oprah but she was asking that everyone pledge to:
1. Spend zero money for one day
2. Use no credit cards for 1 week
3. Do not eat out for 1 month (this will be the most difficult for me by far  )

Maybe someone can fill me in on the reasoning behind it. I pledged to do it, love a challenge! She will be on O every Thursday from what I understand.

Linda

Probably just to prove to yourself that you can and won't die.

[Linda Cannon-Mott]

Probably just to prove to yourself that you can and won't die.

ROTFL 

[LuckyRainbow]

Linda, this was part of her "action" plan. It is an exercise to show you how much money you do not need to spend. I was a bit amazed by this part. She did not advocate diverting the money elsewhere, just "do not spend it". The more I think about it, the better it sounds to me. It goes back to the way my grandmother lived. If there is really no reason to spend money, don't do it.

Suze's final word in this segment was "Do not spend money just to show others you can." (paraphrasing there a bit, but that is the gist of it)

[Linda Cannon-Mott]

Linda, this was part of her "action" plan. It is an exercise to show you how much money you do not need to spend. I was a bit amazed by this part. She did not advocate diverting the money elsewhere, just "do not spend it". The more I think about it, the better it sounds to me. It goes back to the way my grandmother lived. If there is really no reason to spend money, don't do it.

Suze's final word in this segment was "Do not spend money just to show others you can." (paraphrasing there a bit, but that is the gist of it)

Thanks LR for getting me up to speed. My Daddy lived like that to, never even owned a CC. Did you pledge LR?

Linda

[Betsy the Quilter]

. If there is really no reason to spend money, don't do it.

That doesn't include Kindle books, does it?

Betsy

[Gertie Kindle 'a/k/a Margaret Lake']

That doesn't include Kindle books, does it?

Betsy

It can't possibly include Kindle books because there's always a "reason" to buy one.  And if there isn't, I'm sure we can come up with one ... or two or three.   

[Mikuto]

It can't possibly include Kindle books because there's always a "reason" to buy one.  And if there isn't, I'm sure we can come up with one ... or two or three.   

Is "I want one" a valid reason for Suze? Seems like a valid reason to me. I never buy things just to buy them, I buy them because I want them. I must be okay since I have a reason!

[Ann in Arlington]

One thing I didn't hear Suze say is :  Cut up those credit cards.  I'm sorry.  No one needs 23 cards.  And I understand her reasoning for not canceling them right away but those people ought to cut up everything except their 2 or 3 lowest rate cards.  And if they still can't control themselves doing that, they ought to cut those up too and go to cash only.  BTW, do they have a budget?  They should.  I realize of course she only had an hour and was trying to get some basic info out there on a variety of topics. . . .but those folks need more than 10 minutes of credit counseling.  

Her system of paying down debt is sound, assuming there's a similar balance on all cards.  But if there were any with relatively low balances. . .like, say, $100 instead of $5000, I think there's psychological value in paying that low balance card off.  I think the equation could be more complex; on the other hand simple is probably better for most folks.

I think her challenge was just to get folks to recognize they didn't have to spend money to have a good day.

Incidentally, if you missed the show, it's likely available on Oprah's web site (or will be soon).

Ann

[sebat]

Now that I've contributed to the problem, we need to get back to posting about Free Books.  If y'all want to have a conversation about Suze's book, I can split out those posts!

Betsy

I think thats a smart thing to do.  I can see a huge discussion about Suze's book.

[LDB]

Certainly a discussion of financial matters would be useful and beneficial to most everyone. While Ms. Orman is good, the system promoted by Dave Ramsey is a better system than hers in my opinion. It begins with a written budget listing the exact amount coming in for the month and then spending that exact amount, on paper before the month begins. If there's enough money in the written budget to buy something, after savings and debts, then wanting it is enough reason. If there isn't enough money it doesn't get bought. Credit cards are paid off smallest balance to largest. That's because you most quickly see the number of checks going out each month shrinking as the smaller amounts fall off. The total may still be fairly high but it's less traumatic to see you owe 6 people than to owe 11 people. Anyway, while I wouldn't ignore Ms. Orman, I'd take it only as an ancillary to Mr. Ramsey.

[KindleMom]

I like Suze, she knows what she is talking about. I only caught the end of Oprah but she was asking that everyone pledge to:
1. Spend zero money for one day
2. Use no credit cards for 1 week
3. Do not eat out for 1 month (this will be the most difficult for me by far  )

Maybe someone can fill me in on the reasoning behind it. I pledged to do it, love a challenge! She will be on O every Thursday from what I understand.

Linda

This seems like great advice for everyone who is in financial trouble and those who don't have at least a six month cushion but seems like a crazy way to help our economy in general by telling everyone - even those who can - to not spend, not eat out, etc.  That's going to be a lot more lost jobs I would think.