The Courage to be Rich

The Courage to be Rich

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by Suze Orman
     
 

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"What would it take for you to change the course of your life?" reads the first sentence of The Courage to Be Rich, a book that goes beyond the phenomenal success of The 9 Steps to Financial Freedom in challenging and inspiring us to realize our full financial potential, and to realize as well that the bottom line of life is comprised of much more than…  See more details below

Overview

"What would it take for you to change the course of your life?" reads the first sentence of The Courage to Be Rich, a book that goes beyond the phenomenal success of The 9 Steps to Financial Freedom in challenging and inspiring us to realize our full financial potential, and to realize as well that the bottom line of life is comprised of much more than money. With her signature blend of inspirational and practical advice, Suze Orman asks us to look within, asserting her powerful conviction that once we achieve a state of emotional clarity regarding money, financial clarity will always follow.

Editorial Reviews

bn.com
Readers praise Suze Orman for her confident tutorials on putting your own financial house in order. Her holistic approach to monetary woes makes her counsel that much more reassuring, especially for readers conditioned to worry about money matters.
Library Journal
Having shown us The 9 Steps to Financial Freedom, Orman now explains how we can achieve both financial and spiritual well-being simultaneously.
-- Lucy T. Heckman, St. John's University Library, Jamaica, NY
From the Publisher
"What would it take for you to change the course of your life?" reads the first sentence of The Courage to Be Rich, a book that goes beyond the phenomenal success of The 9 Steps to Financial Freedom in challenging and inspiring us to realize our full financial potential, and to realize as well that the bottom line of life is comprised of much more than money. With her signature blend of inspirational and practical advice, Suze Orman asks us to look within, asserting her powerful conviction that once we achieve a state of emotional clarity regarding money, financial clarity will always follow.

Product Details

ISBN-13:
9781573221252
Publisher:
Penguin Publishing Group
Publication date:
03/28/1999
Pages:
384
Product dimensions:
6.28(w) x 9.28(h) x 1.28(d)
Age Range:
18 Years

Read an Excerpt

An Excerpt from The Courage to Be Rich

Love and Money

It never fails. When everything is working out between two people, they think love is so simple. Yet when the disagreements start, love becomes a complicated venture indeed. Often, the central complication is -- surprise, surprise -- money. Couples are always saying things like "Oh, money is killing our relationship" or "We were doing fine until money came between us." When I hear this, all I can think is that money has never done a thing to anyone, never hurt a fly. Money is just money. But it is the power you give your money, or your attitudes toward and your fears about your money, that can wreak havoc on the most important relationships in your life.

Not surprisingly, by now you may realize that you are in a relationship with money, whether you think of it in these terms or not. And like the other relationships in your life, this one needs work to make it successful. You must take actions that will create possibilities rather than destroy them, actions that will help you feel secure rather than afraid, and above all else, actions that will establish, in your private world, the sense that you are unconditionally loved for who you are and not for what you have. The first law of money states: People first, then money. It is also an essential law of relationships: People first, then money.

Which doesn't mean that money doesn't matter when it comes to love, because it matters a great deal. Of all the kinds of intimacy there are -- physical, emotional, domestic -- financial intimacy is perhaps the hardest to achieve, and, it could easily be argued, the most important in the long run. You can turn over your body, heart, and soul to someone, but the union will never be complete unless you link your fortunes (and misfortunes) together, too, for better or worse, and forever.

The Financial Courtship

You have met the person of your dreams. You have never loved anyone so much in your entire life. Finally you decide to get married or join lives and live happily ever after, till death do you part. The vows truly are holy, and you mean them with every ounce of your being. Could money get in the way of this love of yours? Not possible, you say. Until it does. If you haven't walked carefully and honestly through all the money issues ahead of time, I can promise you that money will one day become an obstacle in your relationship. Even if you think you have the subject well covered, you'll probably find that money becomes a problem later on: you change, your partner changes, the money grows or fails to -- all potential reasons for disagreement. Arguments over money trigger divorce in more cases than you can imagine -- arguments that are not necessarily based on deceit or lies but on how we deal with money. Because most of us deal with it very, very differently. This is so hard to understand ahead of time and so painful to discover after the fact. On your own, you handle your money your own way. You worry, sure, and sometimes perhaps you spend money you shouldn't -- you go overboard on gifts for yourself and others, occasionally you're late in paying your bills. Yet when someone else has a stake in your money and you have a stake in theirs, sloppy habits or reckless spending or even wildly divergent views on how to manage money can strike at the core of how safe and secure you feel and can make you feel violated in a very intimate way. When the first argument over money erupts, most of us are taken by surprise. And the only -- the only -- way to protect yourself and ensure that your relationship will thrive is to look at money issues in the most naked and honest way you can. Before you utter a single vow, and many times thereafter.

You must open the dialogue. Not just "Oh gosh, who's going to pay for what?" -- which we'll get to. But you must attempt to talk together in a rational, candid way about the serious side of money, matters that over time go from being background issues in a relationship to those of the highest priority -- how you spend, how you save, how well you share.

  • How do both of you feel about saving money for the future? How committed are you both to investing for tomorrow? Do you both agree that money you've saved shouldn't be touched, or would one of you be willing to tap into your savings for such luxuries as vacations or a hot tub or a new sound system?
  • Are your investment styles -- be they aggressive or conservative -- in sync?
  • Can you talk together, no matter how young you are, about retirement?
  • Are you in agreement over who does the bookkeeping and pays the bills?
  • Do your notions of generosity match?
  • Do you agree about your responsibilities toward your respective families?
  • Do you have a prenuptial agreement? Do you want one? How does that make each of you feel?
  • In the case of a job transfer, whose job takes precedence?
  • If your incomes vary greatly, who is expected to pay for what, and how do you come to that decision?
  • If you have children, what will happen if one of you wants to stay at home with them? How will the money work then?
  • Do you feel the same about the financial aspects of child rearing -- public vs. private schools, etc.?
  • Are relations with any ex-spouses clearly defined?
  • Do you know how much your partner earns? How much he or she spends every month? How much his or her bills are every month?
  • Do you both pay your bills on time, or is one of you consistently late?
  • Is any past credit card debt, school loans, or bankruptcy being brought into the relationship?
  • Do both of you have a good credit report, or does one of you have the credit rating from hell?
  • Are you both prepared to share your assets or your income, or does one of you feel the need to keep some aspects of your financial life separate? If so, why? Can you both live with that?

From The Courage to Be Rich by Suze Orman. Copyright © 1999 by Suze Orman. Published by Riverhead Books, a member of Penguin Putnam, Inc., Professional/Trade Division. All rights reserved.

What People are saying about this

From the Publisher
"Orman prods the fearful, the angry and the impoverished to dig deep into the pockets of their souls for spiritual and financial riches. [A] holistic approach...Orman offers sound advice on money market funds, IRAs, estate planning and financing big-ticket items such as homes and autos, but her most compelling advice hits us in the emotional pocketbook."—USA TODAY

"The reigning shaman and high priestess of personal finance...Orman's new book, The Courage to Be Rich, is another blockbuster."—The San Francisco Examiner

"Very sound and practical advice."—The Chicago Tribune

"People just can't seem to get enough of financial expert Suze Orman...The former Prudential Bache Securities vice president manages to help people change the way they think about money, convincing them that they can't change their financial destiny until they learn to truly value and respect money. The Courage to Be Rich covers the basics of money management—from buying a home to information on investing...Savvy financial strategies."—The Dallas Morning News

"The Courage To Be Rich combines practical financial advice with an understanding of the fears a lot of people face when confronted with the bottom line."—Good Morning America

"[Suze Orman] knows how to work a crowd as she preaches the gospel of abundance... Her enthusiasm is infectious."—The Cleveland Plain Dealer

Meet the Author

Suze Orman is the author of four consecutive New York Times bestsellers, The 9 Steps to Financial Freedom; The Courage to Be Rich; The Road to Wealth; and The Laws of Money, The Lessons of Life; and the national bestsellers, You've Earned It, Don't Lose It and Suze Orman's Financial Guidebook. The host of her own national award-winning CNBC-TV show, which airs every Saturday night, she is a contributing editor to O: The Oprah Magazine and is the featured writer on Yahoo! Personal Finance with her bi-weekly Money Matters series. She has written, co-produced, and hosted four PBS specials based on her bestselling books, which are among the network's most successful fundraisers ever. The most recent, inspired by The Laws of Money, The Lessons of Life, earned her an Emmy award.

A Certified Financial Planner Professional®, Suze Orman directed the Suze Orman Financial Group from 1987-1997, served as Vice President — Investments for Prudential Bache Securities from 1983-87, and from 1980-83, was an Account Executive at Merrill Lynch. In 2003 she was inducted into the Books for Better Life Awards' Hall of Fame in recognition of her ongoing contributions to self-improvement. A highly sought-after public speaker worldwide, she was profiled in Worth magazine's 100th issue as among those "who have revolutionized the way America thinks about money."

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