What are suzie orman’s 9 Steps to financial Freedom?
I can’t find the list, just see ads for her book when I try to find it.
I am not having financial problems… I am teaching a class on money management and want to double check the list to be sure I am not missing anything important.
Step 1 Think back to your formative experiences with money and consider what these memories have taught you about who you were then and how they affect who you are today.
Step 2 Replace your financial fears with new, positive, empowering messages (i.e. "I have more money than I will ever need"; "I am in control of all my affairs"; "I have the power to put my money in good hands").
Step 3 Be honest with yourself about your current financial status and decide how you want to start spending your money.
Step 4 Be responsible to those you love by taking care of these "must-do’s"wills, trusts, life insurance, durable power of attorney for health care, long-term-care insurance, and estate planning.
Step 5 Respect yourself and your money by investing wisely in retirement plans, stocks, money market accounts, and mutual funds and by eliminating credit card debt. Your actions will give that respect meaning.
Step 6 You must trust yourself more than you trust others. Pay attention to your inner voice it will tell you if how and in what you are investing is right for you.
Step 7 Give a portion of your money to others. By releasing an anxious grasp on your money, you will open yourself to receive all that is meant to be yours.
Step 8 Understand and accept the cycles of money. The setbacks you may have today or next year will not keep you from financial freedom. If you hold on to your goals and dreams, you will get there.
Step 9 Learn to recognize true wealth. Money itself will not make you financially free. That comes as a result of only that powerful state of mind which tells us that we are worth far more than our money.
I have a better plan. List all of your bills and the total amounts you owe for each one. Pick the smallest one and focus on paying that off first. Pay the minimum on the rest but really focus on this one and put any extra money you have into that bill. Make sure it’s a set amount each month. When that one is paid off, take the money you would normally pay on that bill and add it to the payment of the next smallest bill you have to pay off. Continue to pay the minimums on the rest of your bills. When that next bill is paid off, take all the money you paid on that bill and use it to pay the next one, and so on and so on. You’ll be out of debt a lot faster this way.
January 22nd, 2010 at 8:29 amReferences :
Step 1 Think back to your formative experiences with money and consider what these memories have taught you about who you were then and how they affect who you are today.
Step 2 Replace your financial fears with new, positive, empowering messages (i.e. "I have more money than I will ever need"; "I am in control of all my affairs"; "I have the power to put my money in good hands").
Step 3 Be honest with yourself about your current financial status and decide how you want to start spending your money.
Step 4 Be responsible to those you love by taking care of these "must-do’s"wills, trusts, life insurance, durable power of attorney for health care, long-term-care insurance, and estate planning.
Step 5 Respect yourself and your money by investing wisely in retirement plans, stocks, money market accounts, and mutual funds and by eliminating credit card debt. Your actions will give that respect meaning.
Step 6 You must trust yourself more than you trust others. Pay attention to your inner voice it will tell you if how and in what you are investing is right for you.
Step 7 Give a portion of your money to others. By releasing an anxious grasp on your money, you will open yourself to receive all that is meant to be yours.
Step 8 Understand and accept the cycles of money. The setbacks you may have today or next year will not keep you from financial freedom. If you hold on to your goals and dreams, you will get there.
Step 9 Learn to recognize true wealth. Money itself will not make you financially free. That comes as a result of only that powerful state of mind which tells us that we are worth far more than our money.
January 22nd, 2010 at 9:09 amReferences :
http://www.randomhouse.com/features/suzeorman/