I am finally writing my review for Suze Orman's Women and Money. Actually, it's not really a review. Instead, it's going to be a quick synopsis of how this book helped and/or affected me and I hope that any of you that may have participated in my latest bookclub offering got something from it as well.
So here it is...
I am currently on a financial diet. I am teaching myself how to budget, save and sacrifice and this book has been an instrumental tool in assisting me in this endeavor. I'd like to share some of my favorite points from the book.
One of my favorite lines from the books is on page 28 when Suze says, "I want you to understand that it is not just our education or what society has handed us that determines what we can create for ourselves. It is how you decided to write your own story, how you decide to live your life." I would sit back sometimes and wish and wonder what my life would be like if I had been born with a silver spoon. But, this statement empowered me because I realized that I have a choice and fate is not exactly the determing factor in how or what my life will be. I can increase my finances by making small choices. For instance, I can decide not to buy that $100 dress and I can instead put that money in the bank or use that money to pay off a credit card. I didn't realize how much power I have over my financial life. The latter part of her book title is indeed true, "Owning the power to control your destiny." I can create my own silver spoons.
The book highlighted the 8 qualities of a wealthy woman and I found out that I have some work to do. They are...
1. Harmony "is an agreement in feeling, approach, and sympathy. It is the pleasing interaction between what you think, feel, say and do."
2. Balance "is a state of emotional and rational stability in which you are calm and able to make sound decisions and judgments."
3. Courage "is the ability to face danger, difficulty, uncertainty, or pain without being overcome by fear or being deflected from a chosen course of action."
4. Generosity "is when you give the right thing to the right person at the right time-and it benefits both of you." (Sidebar: WOMEN PLEASE PAY SPECIAL ATTENTION TO THIS QUALITY!)
5. Happiness " is a state of well-being and contentment."
6. Wisdom " is the knowledge and experience needed to make sensible decisions and judgments, or the good sense shown by the decisions and judgments made from an accumulated knowledge of life that has been gained through experience."
7. Cleanliness "is a state of purity, clarity and precision."
8. Beauty "is the quality or aggregate of qualities in a person that gives pleasure to the senses or pleasurably exalts the mind or spirit."
It's hard, but if we can all try to put a little money away each week, every two weeks or every month. One dollar, 50 cents, whatever we can! It all adds up! Suze says on page 77, "As long as you do your best to put money away consistently, you are acting powerfully."
There is a five month plan involved in the book. I am still working on the first month and moving along to the second gradually.
I love the points on page 15 and 16. They are...
"Imagine: Opening the credit card bill each month and knowing you will be able to pay it off."
"Imagine: Knowing you have done everything to take care of your family if something happens to you."
"Imagine: Staying in a relationship purely for love, not because you have no idea how you would make it financially on your own."
"Imagine: Loving yourself enough to choose a partner you don't have to rescue."
"Imagine: Owning your home outright. No more mortgage payments. No one can ever take it away from you."
"Imagine: Knowing you will be able to retire comfortably one day."
"Imagine: Raising children who've learned from you the wisdom of living within your means, rather than living out of control."
"Imagine: Knowing you have helped your parents live full lives, without fear or uncertainity, right to the end."
There are so many points in this book that moved me and helped me. I hope they did the same for you. I can already see the improvements in my life. I have some way to go, but I am definitely better off for reading this book and implementing some of her suggestions into my own life. I will let you know how I am doing in six months. I can "imagine." Can you?
P.s. I am not sure what the next book for my bookclub is going to be. I would like for it to be an autobiography or fiction. We'll see. I am going to visit the bookstore this weekend.