MMS Friends

My Trek Towards Financial Freedom

I am a 25 year old New Yorker and member of Generation Debt who is working towards financial freedom.

Saturday, March 05, 2005

"If You Have Information, You Can Make More Out of Less" -Suze Orman

Yesterday, I went to Suze Orman's The Money Book for the Young, Fabulous and Broke book tour.It was everything I hoped it would be and more. But I still wasn't going to pay full price $24.95 for her book. Even if I was going to buy it new, I would just get it from Amazon, where I would save about $8. If you can afford it, by all means get it. I flipped through it and it promises to love up to all of the hype. She was dressed sharply as she usually is, and she looks just like she does on TV, only shorter. It was pretty crowded, but the sound system clarity was top quality. My first question when I learned that she was doing her book tour at Apple Stores was "why there?" She answered that one right off the bat! She said because all of her books were written on Mac Computers. Suze said she wrote most of this book while she was naked in her back yard. No, I'm not making that part up.

There was a plethora of information given in the short hour that she spoke to the crowd. First, she wrote the book for YF&Bers by listening to our input. By that, it has short snippets (since we all have short attention spans), it's interactive with her website and it answers the all-too important question. "What do we do first?" She says our first plan of action should be to Find an undervalued asset and invest in it. A while ago it used to be real estate, and at other times it has been the stock market. For YF&Bers, that asset is ourselves. Suze says we're underpaid by corporations, we have minds that are technologically wired and we are fabublosly educated. We can move up in corporations by coming in to work early and staying late. By volunteering for extra projects, in order to get noticed. Then, if your company is not interested in paying appropriately, you will have built up an excellent resume which you can use at another company that will value your assets. Lastly, she told us of her personal story when she was living in a van in Berkeley, California where she waitressed for $400 a month. And she took some of her own advice. And, boy, did it pay off! Anyway, I there is lots more information if you go to hear her speak or if you check out her weekly CNBC show.

Anyway, I am glad I went and I look forward to getting the book.