01/10/2007

Quote of the Day

"A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life."

Suze Orman (born Susan Lynn Orman on June 5, 1951 is an American financial advisor, writer, and television personality.

Orman was born on the South side of Chicago, Illinois in 1951 to Jewish immigrants Ann and Morry Orman. Orman came from a working class background[4] and has said that she did not "grow up with money". She was an undergraduate at the University of Illinois at Urbana-Champaign from which she holds a B.A. in social work. In 1973, she and some friends moved to Berkeley, California, where she became a waitress at the Buttercup Bakery until 1980. From 1980-1983, she was trained by and worked as an Account Executive at Merrill Lynch, and from 1983-87 she was Vice President of Investments for Prudential Bache Securities. In 1987, Orman founded her own business, the Suze Orman Financial Group, which she directed from 1987-1997.

Her books include:

The 9 Steps to Financial Freedom (1997)
You've Earned It, Don't Lose It: Mistakes You Can't Afford to Make When You Retire (with Linda Mead) (1997)
The Courage to Be Rich (1998)
The Road to Wealth (2001)
The Laws of Money, the Lessons of Life... (2003)
The Money Book for the Young Fabulous and Broke (2005)
Women and Money: Owning the Power to Control Your Destiny (2007)

Orman has a Q&A advice section in Oprah Winfrey's popular monthly magazine O, alongside Dr. Phil's advice section. She also writes a biweekly column (as of Jan 2007) on Yahoo!'s Finance page.

She hosts a weekend financial planning show for the CNBC cable television network called The Suze Orman Show. Orman hosts another TV program on QVC called Suze Orman's Financial Freedom. Orman recently celebrated her fifth year on The Suze Orman Show on CNBC and her tenth anniversary on QVC with Suze Orman's Financial Freedom.

She won two Daytime Emmy Awards in 2004 and 2006 for her PBS pledge drive specials, The Laws of Money, The Lessons of Life and The Money Show for the Young, Fabulous, & Broke. Her catch phrases are "Self-worth equals net worth," "People first, then money, then things," and "Truth creates money. Lies destroy it." She ends The Suze Orman Show with "People first, then money, then things" every week.

In early 2007, Orman launched a segment on The Suze Orman Show called "Can I Afford It?" During the segment viewers call in to the show and tell Orman what they want to buy — e.g., engagement ring, car, HDTV, etc. — then tell her the amount of savings, retirement savings, credit card debt, home loans, etc. they have. Then Orman determines if the caller can or can't afford the item and explains why. The segment airs every week and has grown to be the most popular one of the show.

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