February 16, 2008

Oprah, Suze Orman, and A Woman's Financial Savings Plan

Suze Orman was on Oprah last week, and I thought it was a phenomenal show. Suze was brought in to help a woman who basically lost everything when her husband commited suicide.

The story was very moving, and the mom was as vulnerable and human as any woman could be. But what really got me was Suze's advice and help that she gave this woman. I think very valuable words of wisdom were handed out that day, that all women should take to heart.

Instead of relying on a man for financial stability, Suze says every woman should be able to take care of herself. So Suze created a "save yourself" plan, which she outlines in her book "Women & Money."

Even if a woman doesn't have a job, Suze says she can scrape together some money to fall back on. "There's not one of you who has an excuse of not having money. You have $10 here, $20 there," Suze says.

Suze says a woman can create her "save yourself" plan by working on it for just 24 hours a month. "It could be three hours here, five hours here, and you do everything that I say for five consecutive months," Suze says. "I promise you in five months, you will have your 'save yourself' plan in order so what happened to Sylvia, where she had to call on her family and friends, you won't have to do that because you'll be a woman who does own the power to control her destiny."

That sounds like a plan worth checking out. I plan on getting the book this weekend and reading it. I am excited by Suze's promise that by following her guidelines, in 5 months you will have a plan to protect yourself financially.

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