|
Written by Wei-Jing Zhu
|
|
|
|
Wednesday, 20 June 2007
notes on various DVD resources.Nine steps Suze Orman
1. Face your past
identify fears
2. Creating new truths
positive thinking
3. Become honest
check your spending
4. Being responsible
trusts and wills
5. Respect money
learn, saving, long term, changes
6. Trust yourself
you are your best adviser
7. Receive more
give to charity
8. Understand money cycles
ups and downs in life, faith that all things work for good, build character and compassion
9. Recognize true wealth
make money a cherished friend, and it will take care of you.
This is the best illustration of making money your god
laws of money, lessons in life
how to keep what you have, and create what you deserve
1. Truths create money , lies destroy
not just facts, but path
slippery slope toward credit card debt
your lies, and getting involved with others' life
2. Look at what you have , not what you had
like driving ; look forward , not rear view
do what you need to do
evaluate your financial items. Would you buy that investment right now?
Sell it if no. You are paralysed by the past.
Dont know? Sell half
Dont be all or nothing.
3. Do what is right for you first ; then what is right for your money.
story of Judy and Sandy
difference of outlook, self identity
risk preference, fear factor; can you sleep at night?
4. Invest in the known before the unknown
you know you need: house, car, insurance
known: death - responsible for others
retirement - how to pay your bills?
Get out of Credit card Debt.
8 month emergency fund. Takes longer to re- employed.
Establish equity line of credit on your home
nasdaq down 73%, requires 280% to get back; 9% growth takes 15 yrs
pay mortgage first , dont worry about tax write off
diversify stocks, no single stock more than 4% of portfolio
(affirm the questioners)
5. Beyond money
money does not define who you are.
You define what your money does.
If you are involved with financial lawbreaker, they will effect you.
Her ending reflects the blessings that pastors offer, but with money as god.
E.g. Priesthood of financial success;
saving for college .com
myfico.com for credit ratingOnly registered users can write comments.
Please login or register. Powered by AkoComment 1.0 beta 2! |
Home 
