Thursday, April 23, 2009
This morning I had the distinct pleasure of participating on a conference call for Mom Bloggers with one of my favorite people, financial expert, Suze Orman. I distinctly remember the first time I was introduced to Suze. One day during the first two months of my marriage I was watching PBS and her special Young, Fabulous and Broke came on. I was mesmerized, simply mesmerized. In plain language she was explaining what I (and many of us) needed to do to get my money straight.
After hearing her story and advice I immediately purchased the book. There were big plans in my future and although I was not quite Young, I was Fabulous and certainly broke. She provided straighforward no holds barred info that I could use to get on the right track so that my husband and I could purchase our home. Although much of the information was familiar to me, I really enjoyed have a book I could reference whenever I needed assistance. The bonus was a code to access her website and tips, I was in heaven. I learned from other young people that were trying to be financially savvy and recieved advice that ultimately helped with the purchase of my first home.
At the time we did not have cable so I did not know about her show but she is a force of nature.
Her signature yell "Are You Kidding Me" has been heard on tv, radio and Oprah. Today's conference call did not disappoint. We had a full hour of Suze and she answered questions both on the call and from twitter. I asked Suze a question that was posed by a friend from twitter;
"Financial Experts always recommend having an 6-8 month emergency fund, how do you do that in hard economic times when you are living paycheck to paycheck? "
Suze answered that women are strong, stronger than we know until crisis occurs. If (when) a financial crisis occurs we would cut costs: cable, eating out, gifts would all go out the window. Suze suggested acting "as if" before crisis strikes so that we can have these savings. She also suggested joining the Save Yourself website with Ameritrade. If you open an account and save $100 a month for 12 months you will be given $100. That sounds like a good deal to me and will start the road to savings.
Suze is all about empowering women, especially mothers. She stressed that if we don't take care of ourselves financially we are no good for anyone else. She dropped so many pearls of wisdom and I tried to tweet them, listen and absorb it all and found it difficult to keep up. If you want to read all about it visit Twitter Search and search for #suze. Since there were so many of us on the call you are sure to read everything.
Finally, the gift I spoke about. Suze is giving everyone on the call and all of our readers a $2500 gift - free access to her Will & Trust Kit. Here is the info: