In a recent article on her website, Suze Orman discusses a change in her recommended credit card strategy. This is one of the things I like about Suze Orman - her suggestions change based on the economic situation, and she understands that financial advice varies person to person. The meat of her article is about how people with high credit card debt and not much savings shouldn't work on paying off the debt and instead should pay the minimum … [Read more...]
Economic Woes
I'm not even sure where to begin a post on the economy. Stocks took the biggest hit since the tragedy of 9/11/01. Then the Fed announced a bailout of AIG. Now we hear that even the FDIC's funds are dwindling and they might need a loan from Treasury to keep their funds at the Congressionally mandated levels.Suze Orman spoke with Larry King about the AIG bailout. I very much enjoy Suze's show and her books, so I'm always interested to hear … [Read more...]
YF&B Update
So the original plan was to have two more chapter reviews in the queue for posting while I was on vacation.Obviously, since you're reading this, that didn't happen. But I do have entries written and scheduled to post while I'm gone. I'll be back after Memorial Day, and chapter reviews will resume on May 31st.Best laid plans... … [Read more...]
Book Review – The Money Book for the Young, Fabulous, & Broke (Part 1)
I'm always looking for new things to blog about, and while rearranging some shelves last night, I decided that perhaps some personal finance book reviews might be a nice addition. If nothing else, it never hurts me to go back through these books in detail.The first book to be reviewed is The Money Book for the Young, Fabulous & Broke by Suze Orman. As you may have noticed, I've listed YF&B as one of my favorite PF books over on my … [Read more...]
Emotions and Money
Thanks to Oprah, I've been reading Suze Orman's "Women and Money: Owning the Power to Control Your Destiny." I'm a huge fan of Suze's show, and I continually recommend "The Money Book For the Young, Fabulous, and Broke" to all my friends. I've had "Women and Money" on my wishlist for some time now, but have been trying to control my spending, so I decided to wait on this book. Good thing too, since Oprah offered it for free download yesterday. … [Read more...]