The Money Book was written to address the specific financial reality that young people face today. Suze Orman tells her young, fabulous, and broke listeners precisely what actions to take and why. Her advice at times bucks conventional wisdom (Did she just say use your credit card?) and may even seem counterintuitive (Pay into a retirement fund even though your credit card debt is killing you?), but it's her honesty, understanding, and uncanny ability to anticipate the needs of her readers that have made her the most trusted financial expert of the day.
Suze takes listeners past broke, to a secure place where they'll never have to worry about revisiting broke again. And she begins the journey with a bit of overwhelmingly good news (yes, there really is good news): Young people have the greatest asset of all on their side - time.
©2005 Suze Orman, a Trustee of the Suze Orman Revocable Trust; (P)2005 Penguin Audio
I've seen Suze talk about the book and read the printed version already (i wouldn't be surprised if the negative review above was by someone who hadn't even read or listened to the book), and it has been an immense help. I'm part of that group that has been living in the now and staying ignorant of the price of that, and this book is direct, helpful, and very insightful. She breaks it down in ways that make it digestable and doable, and she explains why some financial myths just don't make sense.
I would recommend it to anyone who lives paycheck to paycheck but doesn't think they're 'broke'.
Of course, all of the advice here can be found elsewhere and probably for free. What makes this book worth it is the straight forward and simple delivery. Suze Orman doesn't just give out financial advice, she talks about life in bigger terms and asks readers to really analyze themselves-- their financial personality-- and to question their goals and priorities in life. For someone in their twenties-early thirties, this book is GREAT. A quick read, easy to digest. It gets you thinking not just about your money, but about where you're going in life and how you're getting there.
I just recently bought this book after frankly hating suze orman for years. She seemed too positive and energetic for me. I got stuck watching her on late night television and was soon hooked. She has a way of making money seem like its the easiest thing in the world to handle. Every suggestion she makes she backs up with an easy to understand example. Even after watching her at least once a week there were mistakes I was making that she pointed out in the book, so I really think its a book for everyone, no matter how on top of your finances you may be.
It's the basics - told in an easy to understand format. Lot's of good basic ideas and I would recomend to anyone from highschool to 35yrs.
I did like the book and is was well read, just the overall message was not really for me.
I found more in this book did not apply to me or advice I did not want to take. I like Suze Orman but she mentions using credit quite a lot in this book. I know you can use credit but it seemed to go overboard for a listener wanting to get rid of debt and accumulate wealth.
As far as a financial book this is great place to start. If you are young and just trying to figure out your financial book please do start with this one. It's one of the best!
However, some of the info is outdated, like the amounts you can contribute to Roth IRA's or the maximum income you can qualify for a Roth IRA. Much of the advice in this book is accurate and transcends time, however since it is 10 years old some of it just needs to be checked for today's standards/details.
It's one of the best out there, so no comparisons.
Suze is so passionate and a great orator. I'm so glad she was the narrator in this audiobook!
Without a doubt the major focus on my credit score, and the importance of understanding interest rates. I love her advice on paying down credit cards. There's a ton I learned in this book.
I am a single Mom that always dream of providing the best for my kids when they were babies; I made it but unfortunately without this great advise.
Now, I am 47 years old catching up to this dream and having the fortune to share this book with my 25 year old daughter.
I am confident that I am giving her the tools to succeed with this book.
Thank you Suze for such an easy to understand and complete book, full of advice in every aspect of our lives. Can't ask for any better than that.
Overall, I would recommend this book for those in the targeted demographic or who are looking to learn about financial concepts and best practices. It contains good information on useful topics for the demographic, however, it was written quite some time ago now and some of the information is out of date. This makes it hard to know how to interpret some of the advice. I wish she would do an update!
Yes, it is 10 years old. However, Suze Orman provides a hefty dose of timeless honesty and reality that my generation, and myself, could really learn from. Can't wait to get out there and start my young, fabulous, financial life.
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