Suze Orman shares Common Sense Investing with Women and Money
Women and money ~ Possessing the power to control your destiny
Money is a subject that you either embrace or avoid. Orman’s book offers a direct discourse on investing for women and individual wealth creation.
Personally, I’ve always known enough about investing to save some money each month, and I trust financial advisors to point me in the right direction.
Suze shares a candid look at her life and how she got to where she is today. Plus, she offers a no-nonsense approach to making sure women start to really think about minding their own business.
With an uplifting streak of optimism about what’s possible throughout the book, Orman successfully illustrates traits and tactics to help women thoughtfully approach investing.
Orman’s 8 Qualities of Rich Women have been shared on national talk shows and cannot be emphasized enough.
Qualities 1 and 2 are harmony and balance. These are said to be the most important qualities because they are the foundation of all other qualities.
Quality 3 is courage. Orman writes that “Courage gives expression to harmony. When your thoughts and feelings are one, courage helps you manifest them in the form of words and actions.”
Quality 4 is generosity. Orman points out that women take advantage of this almost too quickly. We tend to be overly generous with our time, support, love, and money. The true measure of generosity, according to Orman, is being able to let money go into your hands and out through your heart.
This was a concept that I identify with. Orman challenges women to see why and what they give and how it makes them feel. She also offers six rules for giving (but she’ll have to get a copy of the book to find out what they are).
Quality number 5 is happiness. According to Orman, when you find the courage to live your life in harmony and balance, understand and practice generosity, happiness will spontaneously appear.
And perhaps the most important point he shares about happiness is this; “Happiness is not a luxury. It is a necessity for true wealth.”
Quality number 6 comes in the form of wisdom. Who doesn’t want to be wise?
According to Orman, wisdom is more than intellectual and is not directly related to education. Wisdom is an express result of tapping into your core beliefs to make the right decisions for you.
The seventh quality is cleanliness and has to do with the importance of order and organization. A long list of situations that detract from your wealth status include;
– Not knowing where your money is
– Not having a systematized filing system for important documents
– Pull crumpled bills and receipts out of your bag
– Maintain a vehicle that looks like a trash can.
– Have closets full of garbage and clutter.
I’m sure most of us can relate to at least one area that we need to work on. I have to admit, as organized as I am, I could relate to a couple of those scenarios. Orman’s philosophy really makes sense and I have corrected my personal problem areas. My first order of business was to donate clothes that I hadn’t worn or worn in the last year to charity.
The final quality is beauty. Orman unites all the qualities by pointing out that beauty is what is achieved when all the qualities are combined.
It may seem strange to some that the qualities of wealthy women should be included in a book on investing. However, if you do not personally possess the qualities, it will not be as easy for you to reach your wealth potential.
In addition to the building blocks, Orman shares solid advice on choosing the right investor, the importance of having a personal savings account in your name only, and discusses investment options in layman’s terms so anyone can get started the right way.