Young, Fabulous and Broke? Suze Orman Has Debt Relief & Financial Freedom Advice Books for You!

Are you a parent that has all the financial responsibility in the world on your shoulders and living paycheck to paycheck? Does it seem like there is no way out of this endless cycle of working just to pay your bills? Well, I certainly felt this way. I have been in consumer credit counseling, which was very helpful, but I still felt like a financial idiot. What was I supposed to do to get ahead? How was I going to ensure that my family was going to get the best they deserve which includes the finer things in life AND me? Well, I was sitting at home one day contemplating this and watching my local PBS station when an infomercial came on that was an real eye opener.

Enter Suze Orman, my financial guru! I had heard of Suze Orman before briefly and about her cable TV shows, but didn't really know what all the hype was about. I decided I would watch this infomercial and see if there was anything to the Suze Orman phenomenon. The infomercial was to raise money for PBS and promote Suze's Book "The Money Book for the Young, Fabulous and Broke". I got a chuckle out of the title, but thought to myself, "I'm young, fabulous and definitely broke" let me hear what this Suze Orman person has to say! Suze revealed some very interesting things to me such as:

  • Your credit score can have an impact on your car insurance premiums!

  • Your Fico Score is different from each of the credit bureaus and they are combined to make ONE Fico Score.

  • Each credit bureau has their own credit report on you, and they don't always have all of the same information that the other ones do.

  • If you have debts that are way overdue, they automatically fall off of your credit report in seven years.

  • If you make a payment on those old debts at any time during the seven years, even if it is at the sixth year and eleventh month, you have started the seven year cycle all over again!

  • As if you didn't know it already, bankruptcy is the WORST thing you can do to yourself and you should avoid it all costs. Suze recommends joining a consumer credit counseling agency if necessary.

  • It's actually OK to live off of your credit cards while you are young for necessities so you can work the job of your dreams and put away the maximum amount of money in your 401 K Plan (only if they match).

  • You should switch credit card balances to other credit cards as often as you need to to get the best interest rate.

  • Despite what you may have heard, you should avoid interest only home mortgages at any cost, because if anything were to happen to you and you lost the home for any reason, you would have no equity and would have to start from scratch.

    • And much more!

    In addition to the advice above, in Suze's "The Money Book for the Young, Fabulous and Broke" book, Suze gives you an access code so you can access more financial secrets at the Suze Orman Website.

    All in all, I would recommend any of Suze Orman's books, they are a real lifesaver and will put you on the path to financial freedom!

    Christina Khan is a single-mother and a recovering young, fabulous and broke parent. She runs a baby birth announcement website with parenting advice and articles for new and expectant parents.

    Christina also runs a cccs credit counseling debt relief blog that gives consumers a place to share and discuss their credit counseling experiences with others.

    More Resources

    Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting

    More Book Reviews Information:

    Related Articles

    Second Eden Book Review
    "Carlton Austin has crafted a wonderful piece of work in Second Eden - an action-packed suspense thriller with a little romance and some elements of science fiction. Its beautifully designed cover incorporates gorgeous images depicting scenes within the plot and the book is available in both hard and soft cover.
    Men of Extreme Action - Book Review
    "Action, thriller and humor - this book has it all! Men of Extreme Action by Joseph Kochanoff is one of the better books I have reviewed this year. Based in the action movie making industry, Joseph incorporates murder, excellent fight scenes and sabotage.
    Book Review: Money Without Matrimony
    MONEY WITHOUT MATRIMONY: The Unmarried Couples Guide to Financial Security, Sheryl Garrett and Debra Neiman, Dearborn Trade Publishing. Paperback $21.
    Gilleland Poetry: A Book Review
    For me, poetry is often too obtuse and difficult for me to get into. Whether it is the abstract metaphors, or difficult line structure, I end up struggling more than I would like to.
    Book Summary : The E-Myth Revisited
    Ever wonder why most small businesses-- no matter how huge effort they put in their endeavor--still fail? Micheal Gerber reveals the answers in this book. Accordingly, the future of small businesses revolve in only three philosophies: the e-myth (entrepreneurial myth), the turn-key revolution, and the business development process.
    Introducing a New Web Site
    You're Fired is a book that tackles the real stories behind the two little words that pack so much punch.This is in EBook format.
    Hug Your Customers - AchieveMax® Top Ten Book Review
    Don't panic. Jack Mitchell, the author of Hug Your Customers: The Proven Way to Personalize Sales and Achieve Astounding Results, isn't suggesting that you take his title literally.
    Reality Checked - Book Review
    Reality Checked - Life through Death, is a moving saga about finding meaning in a world of suffering and pointless hate based on the color of skin. Former school teacher and Theologist, Victor Waller has incorporated many of life's issues through the lives of his characters who were forced to make decisions in hopeless situations.
    Fun Works - AchieveMax® Top Ten Book Review
    Fun Works: Creating Places Where People Love to Workby Leslie YerkesBooks on this subject have been around for decades. I have many of them on my own bookshelves and have seldom referred to any of them in the spirit of research, study or bench marking.
    Book Review - Which is More Round, the World or Your Tummy? Offbeat Reflection on Serious Living
    When was the last time your mind danced when you read a book?
    Geeks & Geezers - AchieveMax® Top Ten Book Review
    Geeks & Geezers: How Era, Values, and Defining Moments Shape Leaders by Warren G. Bennis & Robert J.
    Magic Tricks - Book Reviews
    Since the 1950's, Coin Magic by J.B.
    Review for Broken Angel, by SW Vaughn
    Broken Angel, by SW Vaughn, breathes with an insistent life of its own, pulling readers along through the dark underworld of barbaric fight clubs and prostitution.The story unfolds as twenty-two year old Gabriel Morgan, destitute and starving, discovers a lead to his missing sister's whereabouts deep in the seedy underbelly of Manhattan.
    Dragon Tales - Book Review
    Dragon Tales by Mary C. Fairbanks is truly and entertaining book, chock full of twenty-four dragon stories.
    Turbo Strategy - A Book Summary
    Businesses are run mostly on auto-pilot and any problem areas are only dealt with when they are already critical, but by then it may already be too late. Most business managers are too busy with the day-to-day work to sit back and look at the business critically in terms of its context and the direction it is going.
    The Seventh Jewel - Book Review
    The Seventh Jewel is a fantasy-adventure fiction geared for youth (ages 11 and up). J.
    Book Summary: Good To Great
    Explore what goes into a company's transformation from mediocre to excellent. Based on hard evidence and volumes of data, the book author (Jim Collins) and his team uncover timeless principles on how the good-to-great companies like Abbott, Circuit City, Fannie Mae, Gillette, Kimberly-Clark, Kroger, Nucor, Philip Morris, Pitney Bowes, Walgreens, and Wells Fargo produced sustained great results and achieved enduring greatness, evolving into companies that were indeed 'Built to Last'.
    Going Deeper - Book Review
    Going Deeper by Jean-Claude Koven is certainly a nicely presented, hard-cover book. This fiction fantasy has an obvious inclination to aid readers who are embarking on their personal spiritual quest.
    Are You Using Both Sides of the GoogleCoin?
    By now most of you realise that Google can give our websites the ability to appear within their results pages using a Pay Per Click model (PPC). This is called Google Adwords Hopefully, you will also be aware that that Google offerswebsite owners the ability to display these PPC results ontheir own websites.
    Kmarts Ten Deadly Sins - AchieveMax® Top Ten Book Review
    Kmart's Ten Deadly Sins: How Incompetence Tainted an American Icon was begging to be written. It probably would have surfaced much earlier if not for the fear of many authors that publishing too soon would result in the omission of who knows how many future bewildering tactics by the forever transforming retail giant, K-mart.