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The 9 Steps to Financial Freedom: Practical and Spiritual Steps So You Can Stop Worrying

The 9 Steps to Financial Freedom: Practical and Spiritual Steps So You Can Stop Worrying

3.8 36
by Suze Orman

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With a new preface that reflects personal finance today, New York Times bestselling author and leading financial expert Suze Orman shares a refreshed version of The 9 Steps to Financial Freedom, the revolutionary, groundbreaking classic that changed the way we think, feel, and act about money. Unlike traditional money management books, 9 Steps


With a new preface that reflects personal finance today, New York Times bestselling author and leading financial expert Suze Orman shares a refreshed version of The 9 Steps to Financial Freedom, the revolutionary, groundbreaking classic that changed the way we think, feel, and act about money. Unlike traditional money management books, 9 Steps approaches money from an emotional and spiritual point of view, emphasizing that fear, shame, and anger are the main obstacles to wealth. 
Now, in these turbulent economic times, Suze’s life-changing message from fifteen years ago is more important than ever. This reissued version of shows you:
·         That debt is bondage and how best to break free of it
·         Why the less you have, the more you need a revocable living trust
·         How to find the best financial adviser (look in the mirror!)
·         How to avoid being taken advantage of when buying life insurance
·         Which retirement accounts make sense and which do not

In nine simple steps, you’ll learn all you need to know to be responsible with and respectful of the money you have and the money you don’t have. Embrace Suze’s groundbreaking philosophy—that you are worth more than your money—and understand the true meaning of wealth so you can live a life without regrets.
If you do not have control over the money in your life right now, Suze’s nine steps to financial freedom are for you.

Editorial Reviews

The words that seem to come up most often when people describe Suze Orman are "intense" and "passionate." These two qualities come through clearly in her inspiring book The 9 Steps to Financial Freedom. A financial adviser since the early '70s, Orman has come to believe that many of her clients know perfectly well what they ought to be doing to manage their money but still somehow neglect to do it. Taking readers back to their past to unearth their earliest memories of money and encouraging them to confront the fears that hold them back from taking action, Orman hopes to convince readers that they do have the power to control their money and their lives.
Robert Barker
Nestled inside [Orman's] cocoon of human-potential bunk are fine chapters on estates, trusts, and insurance—the three deadliest topics on earth—which she handles deftly. The book's single-best section, How To Be a Stockbroker, is a must reading if you use or are tempted to use a full-service broker.
BusinessWeek Magazine
BUST Magazine
It's easy to make fun of all this spiritual accounting stuff, but in the end, the book is actually extremely useful, even vital....Perhaps none of us will ever stop worrying, as promised in the book's subtitle. But The 9 Steps to Financial Freedom goes a long way towards that, and towards reconfiguring women's attitude towards wealth and power. Charge it today!
Library Journal
Orman is the head of her own financial-planning firm, a certified retirement specialist, and a best-selling author (You've Earned It, Don't Lose It). In her latest work, she analyzes the psychological and spiritual factors involved in how we perceive money. Her definition of financial freedom is "when you have power over your fears and anxieties instead of the other way around." Through case studies, Orman illustrates the psychological importance of money and its effect on our lives. She offers practical guidelines for investing, preparing a budget, purchasing a home, getting out of debt, and writing a will. A helpful financial worksheet is included.
— Lucy T. Heckman, St. John's University Library, Jamaica, NY

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The Crown Publishing Group
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5.13(w) x 8.00(h) x 0.75(d)

Read an Excerpt

What do you want from your money? College tuition for your kids? A bigger house and a new car? Security when you retire? Wouldn't it be great simply to have enough money so you don't have to worry?

The "enough money" part of that equation is easy. By the time you finish this book you will understand everything you need to know about managing and protecting your money and making it grow. The "so you don't have to worry" part is much more complex. It actually has nothing to do with how much money you have or how little. You can balance your checkbook until you're blue in the face, you can move money every day between your mutual funds, you can double your life insurance, you can buy lottery tickets--and none of it will do you any good until you get beyond the worry and fear. The fear of money, the fear of not having enough, the fear of having enough, the fear of taking action, the fear of inaction.

There isn't a part of our lives that money doesn't touch--it affects our relationships, the way we go about our everyday activities, our ability to make dreams reality, everything. Most of us, I think, have a core of anxiety that we carry around with us, though we may not admit it to ourselves. That is part of money's power over us.

From years as a financial planner I have learned that true financial freedom doesn't depend on how much money you have. Financial freedom is when you have power over your fears and anxieties instead of the other way around. That's why, in this book, we'll address first the fears, then the finances.

Whatever their circumstances--in debt, working, downsized, afraid of becoming downsized, retired, having just inherited money, having just lost money--my clients invariably arrive with a handful of financial papers and a heart full of anxieties. Like most certified financial planners, I started my practice to help other people with their money, but as time went on, I realized that it was far more than their money (or lack of it) that needed attention. Today new clients arrive expecting me to ask to see their papers. Instead I ask them first to share their fears.

It's never too soon to begin, and it's never too late, no matter how the bottom-line numbers read today on your particular handful of financial papers. This book presents a nine-step process that will take you back into the past, when your attitudes about money were born and began to grow. It will help you face the present honestly and clear the way for you to create a future you will love.

I know it works. As you read this book you will meet others who have taken the steps toward financial freedom--and finally made possible the lives they dreamed about.

You will also see that if I could do it against all odds, so can you. When I was very young I had already learned that the reason my parents seemed so unhappy wasn't that they didn't love each other; it was that they never had quite enough money even to pay the bills. In our house money meant tension, worry, and sorrow. When I was about thirteen my dad owned his own business, a tiny chicken shack where he sold take-out chicken, ribs, hamburgers, hot dogs, and fries. One day the oil that the chicken was fried in caught fire. In a few minutes the whole place exploded in flames. My dad bolted from the store before the flames could engulf him. This was when my mom and I happened to arrive on the scene, and we all stood outside watching the fire burn away my dad's business.

All of a sudden my dad realized that he had left his money in the metal cash register inside the building, and I watched in disbelief as he ran back into the inferno, in the split second before anyone could stop him. He tried and tried to open the metal register, but the intense heat had already sealed the drawer shut. Knowing that every penny he had was locked in front of him, about to go up into flames, he literally picked up the scalding metal box and carried it outside. When he threw the register on the ground, the skin on his arms and chest came with it.

He had escaped the fire safely once, untouched. Then he voluntarily risked his life and was severely injured. The money was that important. That was when I learned that money is obviously more important than life itself.

From that point on, earning money, lots of money, not only became what drove me professionally, but also became my emotional priority. Money became, for me, not the means to a life rich in all kinds of ways; money became my singular goal.

Years later this kid from the South Side of Chicago was a broker with a huge investment firm. I was rich, richer than I could have imagined. And I realized I was profoundly unhappy; the money hadn't bought or brought me happiness. So if money wasn't the key to happiness, what was? It was then that I began a quest, which has taken me deep into the meaning of life--and the meaning of money.

I don't know if I have discovered the meaning of life, but I have learned a great deal about what money can and cannot do. And it can do a lot. Your money will work for you, and you will always have enough--more than enough--when you give it energy, time, and understanding. I have come to think that money is very much like a person, and it will respond when you treat it as you would a cherished friend--never fearing it, pushing it away, pretending it doesn't exist, or turning away from its needs, never clutching it so hard that it hurts. Sometimes it's fatter, sometimes it's skinnier, sometimes it doesn't feel so good and needs special nurturing. But if you tend it like the living entity it is, then it will flourish, grow, take care of you for as long as you need it, and look after the loved ones you leave behind.

Most of us already know at least some of the steps we could take to free ourselves from money anxieties--we could manage our debt better, arrange for our children's education, strategically plan now for later, protect what we've saved, save more. Yet most of us are paralyzed, too, when it comes to actually taking these steps, however wise they seem, however much we think we really want to take control.

What good will it do you to know what you should do, if you can't do it?

The Nine Steps to Financial Freedom: A Preview
The first steps of this book take you back to discover why you don't do the things you know you should do and bring you beyond that--to where you can take action. These steps will free you to open up a dialogue about money with your parents, your children, and, most important, yourself. The next three steps are the laws of managing money. These laws are must-do's. They cover everything from wills and trusts and what insurance you need (and don't need) to new ways to think about debt and your 401(k) or retirement plan to how to invest and what to invest in. They teach you why you must trust yourself more than you trust anyone else with your money.

The goal of these particular steps is to make you as independent from financial advisers as possible. Over the years, I have learned that it is in my clients' best interest for them to take control over their money, not to relinquish it, even to me. If, later on, they choose to entrust their money to someone else, with these steps they would no longer be able to be taken advantage of by an unscrupulous adviser--or by their unwillingness to face up to the facts and figures of their own finances. Once you take these steps, you will discover the exhilaration that comes from wanting to deal with your money, not just having to deal with it.

The last three steps take you beyond the realm of finances, to the wealth that money can't buy.

When it comes to money, freedom starts to happen when what you do, think, and say are one. You'll never be free if you say that you have more than enough, then act as if and think you don't. You'll never be free if you think you don't have enough, then act as if and say you do. You will have enough when you believe you will and take the actions to express that belief. And you'll have more than enough when you realize that you can be rich at any income because you are more than your money, you are more than your job or title, than the car you drive or the clothing you wear. Your own power and worth are not judged by what money can sell and what money can buy; true freedom cannot be bought or sold at any price. True freedom, true wealth, is that which can never be lost.

Meet the Author

SUZE ORMAN is a two-time Emmy Award-winning television host and the author of nine consecutive New York Times bestsellers. Orman was named by Time Magazine as one of the most influential people in the world today.  A powerful motivational speaker, Suze hosts the award winning Suze Orman Show on CNBC, America's Money Class on OWN and Financial Essentials on QVC. A contributor to O the Oprah Magazine and the Costco Connection, Suze Orman is a force of nature and a one woman financial advice powerhouse.

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The 9 Steps to Financial Freedom: Practical and Spiritual Steps So You Can Stop Worrying 3.7 out of 5 based on 0 ratings. 39 reviews.
Guest More than 1 year ago
I have been a university professor for 22 years and have read hundreds of books pertaining to finance. Only in the last year or so have I read three books that have truly opened my eyes and are helping me teach my students more about the reality of finance, rather than the idea of it. The 9 Steps... is one of those books. The other 2 are in the related titles below. Believe it or not, I needed these books to break away my cemented way of thinking and teaching. I was all mixed up and set in my ways. After changing my diet of reading material, I feel resurrected and my students are more interested in my class. This being so, they are paying attention to what I say and are getting better grades as a result. In the big pecture, this university is producing a better quality of graduate for the worlds market place. This book was one of 3 wake up calls that has refired my vigor for teaching and I'm actually excited to go to work. My students don't nod off anymore and some intense discussions have taken place. Before I read this book, I felt like a burn out but now I feel like I have been given another shot at teaching. I only wish the American Government would run this country the way Suze Orman teaches people to run their financial lives. If they did, then this country would be rich again.
Guest More than 1 year ago
I first discovered Suze Orman on PBS. I listened to her approach to financial advice and questions and was ultimately impressed at the level of compassion that she had for her guests and for her clients. I realized during that show that there was something special about this woman. She has a level of charisma and self confidence that permeates everything she does. So when I set out to learn more about her I discovered this book '9 steps'. Once again I found her information was genuine and sincere. She has a lot of wonderful stories that concretely tie her steps into real world examples. I have been involved with futures and commodities, as an investor, broker, and author for 11 years. In all that time I have rarely seen such a knowledgeable, compassionate, financial advisor that can speak in layperson's terms. Ms.Orman succeeds in that respect an this book is worth owning.
Guest More than 1 year ago
After reading this financial primer, I felt as if I had been personally counseled by a financial consultant. Suze Orman goes beyond giving tips for managing money; this book takes you on a journey from past to present and beyond to conquer your fears and misgivings about money. She encourages us to capture a money memory from our past that has changed our perceptions about spending, and to move beyond them. Ms. Orman teaches us that money is a living thing, to be nurtured and respected so it can grow-- what a practical and profound insight! From credit card management to investing, The 9 Steps to Financial Freedom leads you through this discovery one step at a time. If you only read one book on how to organize your finances, this is it.
Guest More than 1 year ago
This book offers praticle (and somewhat common knowledge) steps to managing finances. For those who are deep in debt or faced with loosing their jobs, this book may be a bit too late.
Guest More than 1 year ago
Suze Orman's "The 9 Steps to Financial Freedom", was a magnificent help in understanding a lot of my own financial problems even though I'm not yet of age to have any serious ones. She is helpful in her step by step explanations and each step and exercise are extremely simple to follow, although i must add that reading will be useless unless you do what she asks of you besides it makes the interaction with the book much more fun. I truly enjoyed the individual stories making financial freedom seem much more possible. If I hadn't read this book i don't know if I would be able to know what to look for when i get older. From finding out where my fears of money come from to having complete control over those fears. From respecting money to trusting myself with it this book teaches it all. Another great thing is the worksheets in step 6 they are a great help in planning. I strongly recommend people in financial trouble to read this book immediately it really is a wonderful help.
Guest More than 1 year ago
I read another review that said not for low income families. That is not true! Suze gives an example of a single income family making $35K a year that has already saved $20K! You just have to have the disipline and the commitment to make your money work for you. She gives great advice, especially for those in serious debt, and gives you the straight forward steps you need to know to really take control of your finacial situation.
Guest More than 1 year ago
This book was FULL of useful information about this vs. that and defining vocabulary. I did learn alot of tips on investing for my future, but Suze's advise caters toward the wealthy. If I were to follow her guidelines, I would be putting one entire paycheck into investments. Her advise was just way too expensive for a family that only makes $45,000 per year. If you have an extra $1000 a month laying around, then this book is for you!
Anonymous More than 1 year ago
I liked this book because it provides great info regarding the basics of 401ks, Roth, life insurance, wills, trusts etc.
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This is a retail @4.95 mini gift able book. About 2 inches square has very little information. I feel completely ripped off, it is a miniscule joke of a book. Not the real deal!!!
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