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Wednesday, July 30, 2008

"You have to look at what you have, not at what you had."

toyota highlanderWords of wisdom from the queen of finance herself - Suze Orman (who seems to be popping up everywhere these days!)

I don't know much about her, but it sure seems like she wants me to :) She's on every other magazine, or financial show i check out - my favorite being the SNL skits they always do on her! haha.... she's got one helluva marketing strategy!

But this quote of hers, "You have to look at what you have, not at what you had." is really something to think about. It's SO enlightening, yet so simple. I love it! With all my bitching about sucky cab rides, friends trying to "split" the tab, and those whacked-out investors feeding off of emotions, it's a nice slap in the face to get back to reality. (you can check out her wiki here)

The truth of the matter is that I have a LOT more than I sometimes think, and I'm willing to guess the same goes for you too. Having stable jobs, good families, and nice financial safety nets (even if in theory), beats out those trivial complaints by far. The only problem, of course, is REMEMBERING that you are fortunate enough to have these things - something I should probably focus a bit more on.

That being said though, a little financial bitching every now and then never hurt anyone ;) In fact, it makes life (and blogging) even MORE interesting, not to mention accurate. Not everything that happens to us can be positive, I don't care if you're George Bush or Barack Obama......haha sorry, i'm really not sure where i'm going with this...the words just typed themselves out :)

I think there's a healthy mix of appreciating what we all have, and learning from the reasons why we don't have what we did yesterday ... sprinkled with rants and raves throughout! As for this Suze chick, I'm gonna have to do a little more research and find out how she got this cult following. I heard "The Money Book for the Young Fabulous & Broke" was pretty good, anyone read it?

ps: Thanks for emailing me the quote RSB , it sure got my brain thinking!

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7 Comments:

Anonymous Megan said...

I'm a huge Suze Orman fan. Sure, frequently her advice is stuff I know, but I find myself DVRing her show every Saturday night. She makes personal finance fun and has a lot of good tips to offer. People love her or hate her, and I'm definitely a fan.

I've read YF&B many times, and it's a great starter book. Might be stuff you already know, since you're well on your way to being a PF Guru, but it's one of the best gifts I can see for someone just entering the workforce. I love her chapter on retirement specifically - she did a great job explaining things that I just didn't understand at first. It's probably worth checking out at the library though!

It's written in a clear, simple manner, and she's good about reinforcing her points.

(And after the SNL parody, she showed it on her show - I love that she's got such a sense of humor!)

July 30, 2008 11:38 AM  
Blogger asgreen said...

YF&B was the first pf book I ever read. I loved it, and it really helped me focus. Though now that I'm more informed I tend to not be as big of a fan of Suze Orman. I think she is great when you are first starting out, or first learning about personal finance, but once you know a little bit she is not helpful. I even found her book Women and Money to be patronizing.

Even though I view her this way, I did give my sister a copy of YF&B as a college grad gift.

July 30, 2008 12:48 PM  
Blogger SavingDiva said...

I'm not a huge Suze Orman fan, but I find her really amusing. I love the SNL skits...and her show! I also appreciate that she's shifting her advice with the economy. Some of her critics think it's weakness or whatever, but I think it takes gut to say, "I was wrong. you should do this."

July 30, 2008 1:11 PM  
Blogger J. Money said...

Wow, that girl really DOES have a following! To be honest, i've never heard of the book before yesterday, but all of hers are "best sellers".

I have heard that people either love her or hate her, so she must have that strong personality that comes with the territory.

The whole "great for beginners only" mentality sounds familiar too. I heard somewhere that she targets the "less fortunate" as they are easily persuaded and can follow her crazy simple advice.

Obvi. that came from a hater, but I'm definitely a huge fan of ANY advice - as long as it's good ;) I may already know it, but i'm sure thousands of others don't!

July 30, 2008 2:26 PM  
Blogger Melissa said...

I think she's great, personally. I read YF&B and liked it, though because I've been around with finance books, some of it was redundant to me. But for someone fresh out of college and no clue how the world really works, it would be a great resource. I also bought the Women & Money book for my mother for Mum's Day, hoping that she would read it and be enlightened. Single mother, always puts everyone else (and their finances) before hers...W&M will tell you that is nice, but essentially stupid. I really liked her motto of "You are not on sale!" for women who constantly devalue themselves.
I can see why others might not like her, but that's true with pretty much anyone. (Jim Cramer, for example?)

July 30, 2008 9:29 PM  
Blogger Canadian Saver said...

She is one of only a few financial gurus I trust... Every time I see her on tv I'm fascinated.

I've not read YF&B, but a while ago her book Women & Money was available as a free download after she appeared on Oprah. That created a lot of excitement among pf bloggers on the web!

July 31, 2008 8:15 AM  
Blogger Frugal Vet Tech said...

I saw Suze Orman speak one time, but I can't remember much of what she said :( I remember her talking about wills and power of attorney and the like - probably telling us to make sure we know how it works and to get stuff like that taken care of.

"I think there's a healthy mix of appreciating what we all have, and learning from the reasons why we don't have what we did yesterday ... sprinkled with rants and raves throughout!"

I think the comment I quoted pretty well hits the nail on the head. I figure that as long as we have a place to live, food to eat, and enough money to pay the bills, we really don't have much to complain about.

July 31, 2008 11:18 PM  

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