Don’t panic if you have been following my daily blogs. I’ve had to skip some days and will continue to do so to save my sanity. I am still committed to reading 52 books in 52 weeks. I am just not going to be able to write my blog every single day.
So in my little “holiday” over the past week I have finished reading “The 9 Steps to Financial Freedom” by Suze Orman. Remember, she challenged us to think about the roots of our money perceptions, try to connect them to our current perceptions and where necessary build in new positive concepts to live by. We have looked at our current financial situation and attempted to balance our incoming and outgoing finances.
A chapter is devoted to teaching us about being responsible to the people we love. Information about Wills,Trusts, Life Insurance, Income Protection Insurance, and Medical insurance shows us how to provide for our families if we were to be injured or die.
We are encouraged to respect our money and make the most of time. Investing a little, early and constantly, is far far better than trying to make up a huge shortfall when we are close to retirement age.
Credit cards need to be cut up!!! This is showing ourselves respect.
Investment options are explained. From managed funds to index funds, superannuation to share portfolios, we are encouraged to learn about the options and then trust ourselves to invest wisely.
Suze’s research has shown time and time again that those people who gave money away often were the ones who ended up with more than they needed.
She encourages us to recognise true wealth in defining ourselves by who we are. She doesn’t believe in measuring our self worth by our net worth. She gives much valuable information about the nuts and bolts of investing, but bottom line is that we are more than the money we have.
