Bob O'Brien
Head Instructor
bobrien@mywealth.com
I have included link to Oprah’s web page that will allow you to download a free copy of the “Suze Orman’s 2009 Action Plan Book” It will only be allowed for free download until, January 15th, so if you are interested you should download it ASAP.
I had a chance to review the book and read the first two chapters. Much of it is the typical Suze Orman information, which helps a lot of people! I also want to make certain that you are always careful, about anyone you get information from including Suze. She is probably the most popular personal financial guru in the country, and an expert at helping people in debt, financial planning and understanding the psychology of Personal Finance. But when it comes to your health and your finances we should always get second or third opinion.
I think her explanation, in the first two chapters that explain the current economic mess is really good, but there were other players that she does not mention. Like the policies from Washington, that forced the hand of lenders to make loans and GSE’s Fannie Mae and Freddie Mac who were huge market makers for all these crazy mortgages. The major players in the market can really ruin the whole market.
In addition, she never mentions the fact that the entire culture became addicted to Real Estate and that ultimately it is was just a huge “false sense of security”. Also, make certain that you remember that Suze held real estate in high regard right up to the real estate bubble peak in 2005. Regardless, her insights are good and she articulates them very well.
Make certain that you are using other sources of information as well, if you like listening and reading Suze. Everyone’s, situations vary and I can tell you as Financial Planner with fourteen years experience that there is big difference in the information, advice and tips that are given to large audiences than on a personal one on one basis. The phrasing of general advice and short order recommendations can sometimes be misleading and should be kept in proper perspective. No one knows more about you and your financial situation, and the general recommendation that is good for the masses may not apply at all to your situation. Rules of thumb, and averages can be dangerous when it applies to an individual.
Remember, if you took one foot and put it in ice cold freezing water and your other foot in red hot boiling water on average you should feel fine! Be careful of averages, and remember the old saying “what’s good for the goose may not be good for the gander.”
One of the things that makes www.mywealth.com so unique is that we can give more personalized information, since our students can post numerous questions with follow ups and get numerous answers without commercial breaks.
Here is the link and enjoy the book!
Please share your comments about the book or Suze at the bottom.
Sincerely,
Bob O’Brien
