Suze Orman's Action Plan

Informationen zum Autor Suze Orman Klappentext Times have changed and the rules have changed, but financial security is still the goal. Do you know how to get there? There is a new reality out there-a new normal. What was once certain-that you would be able to retire comfortably, that you would pay for your kids' education, that your home would appreciate in value-is no longer a sure thing. So much has changed on the financial landscape that it's hard to know which moves are the right ones to make. Suze Orman's million-copy bestselling financial action plan-fully revised and updated-will show you the way. NEW TIMES CALL FOR NEW RULES-AND THIS IS WHAT SUZE ORMAN'S ACTION PLANDELIVERS: • up-to-date information on new legislation that could affect how you will achieve your financial goals • an explanation of new FICO practices, and a new strategy for dealing with credit cards when you're trying to get out of debt • sound advice about rebuidling your retirement plan, and what to do if you're already retired • guidance on how to live within your means, and strategies to keep you on the path to achieving your goals in this new age of financial honesty PLUS AN ALL-NEW CHAPTER ON KIDS AND MONEY-how to give your kids a solid financial education, no matter their age! Chapter One All Eyes on the Road Ahead Exhale. The eye of the financial hurricane has passed. The storm that hit in the summer of 2008 and continued to batter the global economy and your personal finances through 2009 is slowlyever so slowlyreceding. The worst is over. You survived. We survived. Now comes the really hard work: rebuilding. IRAs, 401(k)s and 529 college savings plans must be rebuilt in the wake of the devastating bear market. Budgets have to be put in place that account for the new world order in which the penalties for having credit card debt and no emergency savings are unthinkable. You know as well as I do: You must find a way to get rid of the debt and build your savings. Your approach to homeownership must be rebuilt to reflect this simple truth: A home is not a liquid investment that will always rise in value. It is shelter, first and foremost. It can also be a terrific asset, but only if you approach it with clear-eyed expectations. Most important, your sense of security must be rebuilt. There's the not so small issue of our collective national bill for what has happened; the current $1.4 trillion federal deficit is expected to rise to $9 trillion by 2019. But on a more personal note you are grappling with the realization that your pre-crash way of life is over. What workedor more correctly, what you thought workedis gone, leaving you without your bearings in these new times. Now that we have weathered the worst of the storm, you're onto the next challenge: Where do we go from here? Toward Lasting Security When I wrote the original Action Plan for 2009, it was with a laser focus on getting you through the crisis as it was unfolding. My goal was to give you the tools to find your footing in a world where the ground was shiftingand shifting violently beneath you. As the year progressed and I heard from so many of youin person, via Twitter, and through my CNBC showI realized that you were hungry for more than crisis-management strategies. You have moved on to future management. You want to know the right actions to take in order to build lasting security. You have been shaken to your core. Whether it is because of fear, regret, or remorse, living through the tumult of the financial meltdown has given you newfound purpose. You want to be in control, you want to get it right. No more fly-by-the-seat-of-your-pants, enjoy-the-ride-while-it-lasts mentality. No more trusting that things will work out, that someone elseyour financial advisor, the regulators in Washingtonhave your ba...

Autorentext

Suze Orman

Klappentext

Times have changed and the rules have changed, but financial security is still the goal. Do you know how to get there?

There is a new reality out there-a new normal. What was once certain-that you would be able to retire comfortably, that you would pay for your kids' education, that your home would appreciate in value-is no longer a sure thing. So much has changed on the financial landscape that it's hard to know which moves are the right ones to make. Suze Orman's million-copy bestselling financial action plan-fully revised and updated-will show you the way.

NEW TIMES CALL FOR NEW RULES-AND THIS IS WHAT SUZE ORMAN'S ACTION PLANDELIVERS:

• up-to-date information on new legislation that could affect how you will achieve your financial goals
• an explanation of new FICO practices, and a new strategy for dealing with credit cards when you're trying to get out of debt
• sound advice about rebuidling your retirement plan, and what to do if you're already retired
• guidance on how to live within your means, and strategies to keep you on the path to achieving your goals in this new age of financial honesty

PLUS AN ALL-NEW CHAPTER ON KIDS AND MONEY-how to give your kids a solid financial education, no matter their age!

Leseprobe
*Chapter One

All Eyes on the Road Ahead*

Exhale. The eye of the financial hurricane has passed. The storm that hit in the summer of 2008 and continued to batter the global economy and your personal finances through 2009 is slowly—ever so slowly—receding. The worst is over. You survived. We survived.

Now comes the really hard work: rebuilding.

IRAs, 401(k)s and 529 college savings plans must be rebuilt in the wake of the devastating bear market.

Budgets have to be put in place that account for the new world order in which the penalties for having credit card debt and no emergency savings are unthinkable. You know as well as I do: You must find a way to get rid of the debt and build your savings.

Your approach to homeownership must be rebuilt to reflect this simple truth: A home is not a liquid investment that will always rise in value. It is shelter, first and foremost. It can also be a terrific asset, but only if you approach it with clear-eyed expectations.

Most important, your sense of security must be rebuilt. There’s the not so small issue of our collective national bill for what has happened; the current $1.4 trillion federal deficit is expected to rise to $9 trillion by 2019. But on a more personal note you are grappling with the realization that your pre-crash way of life is over. What worked—or more correctly, what you thought worked—is gone, leaving you without your bearings in these new times.

Now that we have weathered the worst of the storm, you’re onto the next challenge: Where do we go from here?

*Toward Lasting Security

• When I wrote the original Action Plan for 2009, it was with a laser focus on getting you through the crisis as it was unfolding. My goal was to give you the tools to find your footing in a world where the ground was shifting—and shifting violently— beneath you. As the year progressed and I heard from so many of you—in person, via Twitter, and through my CNBC show—I realized that you were hungry for more than crisis-management strategies. You have moved on to future management. You want to know the right actions to take in order to build lasting security.

You have been shaken to your core. Whether it is because of fear, regret, or remorse, living through the tumult of the financial meltdown has given you newfound purpose. You want to be in control, you want to get it right. No more fly-by-the-seat-of-your-pants, enjoy-the-ride-while-it-lasts mentality. No more trusting that things will work out, that someone else—your financial advisor, the regulators in Washington—have your back. You understand what is at stake. You are personally accountable and responsible for building and susta…