Suze Orman's 2009 Action Plan
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2009: The Year You Can’t Afford to Make Any Mistakes with Your Money.

The credit crunch, the stock market freefall, the staggering toll of home foreclosures and job losses: The economic crisis that struck in 2008 has left no one untouched and everybody reeling. Seemingly overnight, the financial landscape has undergone seismic changes that suddenly have you asking all kinds of questions: Are your savings safe? Should you continue to invest in your retirement account? Should you keep your home if it’s worth less than what you owe or should you sell it? How do you pay your bills if you’ve just been laid off?

The nation’s go-to expert on financial matters, Suze Orman, believes that 2009 is a critical year for your money. There are safeguards to put in place, actions to take, costly mistakes to avoid, and even opportunities to be had, so that you are protected during the bad times and prepared to prosper when things take a turn for the better. No matter what situation you’re in, you will find a plan of action and the answers to your questions about:

* Credit * Retirement
*Savings and Spending*Real Estate
*Paying for College* Protecting Your Family

SUZE ORMAN’S 2009 ACTION PLAN delivers honest, straightforward guidancea??what to do, when to do it, and how to do ita??as only Suze Orman can. Exclusive: Suze Orman's 2009 Action Plan

How to Prepare for the Unexpected

If in late 2007 you were told that over the next twelve months housing would crater to 20% below it's all-time peak, unemployment would rise from below 5% to nearly 8%, stocks would fall nearly 50%, and a gallon of gas would spike to more than $4 (and then drop below $2) you would probably have shrugged it off as just a whole lot of doomsday-scenario crankiness. But that's exactly what we all had to live through and continue to grapple with in 2009.

The lesson is that the unexpected can happen. In fact, sometimes a whole lot of unexpected happens all at once (see: 2008). No one can control external events, but you do have absolute control over the most powerful tool: your will to make the smart and right choices that will insure your financial security, no matter what happens. As I have said for years: Hope for the best, plan for the worst. If you plan for life's “what if's” there's no need to panic when the news turns bad. An emergency cash fund is your security when a recession causes rising unemployment. A long-term investment strategy that employs a mix of stocks and bonds makes it easier to get through scary bear markets; living within your means, rather than running up credit card and HELOC debt leaves you better able to weather financial storms.

My 2009 Action Plan is designed to make sure you are ready for the unexpecteda??this year and every year forward. I most certainly hope things get better for us all, but in the meantime I want to make sure you have a plan in place that will protect you no matter what “what ifs” lay ahead.

2009: The Year You Can’t Afford to Make Any Mistakes with Your Money.

The credit crunch, the stock market freefall, the staggering toll of home foreclosures and job losses: The economic crisis that struck in 2008 has left no one untouched and everybody reeling. Seemingly overnight, the financial landscape has undergone seismic changes that suddenly have you asking all kinds of questions: Are your savings safe? Should you continue to invest in your retirement account? Should you keep your home if it’s worth less than what you owe or should you sell it? How do you pay your bills if you’ve just been laid off?

The nation’s go-to expert on financial matters, Suze Orman, believes that 2009 is a critical year for your money. There are safeguards to put in place, actions to take, costly mistakes to avoid, and even opportunities to be had, so that you are protected during the bad times and prepared to prosper when things take a turn for the better. No matter what situation you’re in, you will find a plan of action and the answers to your questions about:

-Savings and Spending
-Real Estate
-Paying for College
-Protecting Your Family

Suze Orman's 2009 Action Plan delivers honest, straightforward guidance—what to do, when to do it, and how to do it—as only Suze Orman can.

Customer Reviews:

  • Timely and Responsible
    This little book is packed with the information that would have averted the present financial crisis had it been mandatory reading for the last 2 generations. Although I have children who are doing well despite today's circumstances, I ordered a copy for each.

    My one criticism is that there isn't enough that addresses retirees and what they should be doing with their money right now....more info
  • Suze Orman's 2009 Action Plan
    Everyone should read this book. My husband and I are retired and the book is appropriate for us. My daughter and her family are in financial difficulty due to their own making. The book seems to have been written especially for them. That was the purpose of my order. It was a gift for them. I own my own copy and will keep it as a reference. I hope she does too....more info
  • Suze is the best!
    I really wish I had started reading Suze Orman's books much earlier in life because I would be well on my way to financial security by now if I would have! This latest book is wonderful. As always is direct to the point and explained perfectly so that anyone can understand. I highly recommend this book!...more info
  • very helpful
    I found this book very helpful. I like the way Suze explains things in a very simple and easy-to-understand way. Not everything in the book is new, so if you've followed Suze for a while, you'll probably have seen some of it. It's a great deal for the price though and is nicely laid out. To me, it was worth getting, since it is a great reminder of good financial habits....more info
  • There's a better plan
    I think Suze is a flip-flopper. She use to advocate the use of credit cards but now seems to be against them. I suggest "The Total Money Makeover" by Dave Ramsey. His plan is a LIFETIME plan. Not just a plan for 2009....more info
  • Not Really an Action Plan
    I just finished reading Suze's new doom and gloom guide. You can easily read/skim through this book in an hour or two. It is obvious that this book was put together rather quickly as there is a lot of repetition. I think $9.95 is a fair price although Amazon could certainly offer some sort of discount. Overall, I found some useful tips here and there in the book but I am giving it 3 stars. The book is organized into the following chapters:

    Retirement Investing
    Real Estate
    Paying for College
    Protecting Family and Self

    Within each chapter, Suze present various scenarios and what action to take with each (Q&A style). So in that regard, the title of her book is a little misleading since it is not truly a plan but rather a collection of various scenarios that you might encounter and what to do for each. Within each, you will find lots of repetition amongst her favorite topics including paying off credit cards, 8 month emergency plan, 401K, auto, home and FICO. A lot of this stuff is common sense and shouldn't just be something special to deal with now. And she spends way too much time on all the FICO stuff. In this book, Suze is really planning for worse-case scenario in that she expects this economic downtown to last 2-5 years versus many others who are a little more optimistic. That's fine, but some of her recommendations are rather drastic so don't plan to go out and kill your pet just yet. Probably the best part of the book is the chapter on Retirement Investing as this has some good general investment recommendations that don't just apply to retirement, although I would still see your investment specialist versus blindly taking Suze's advice on specifics to invest in.

    BTW, the single best piece of advice in the whole book is to convert your existing retirement funds (Traditional IRA, SEP IRA, Rollover IRA, 401K, etc.) to a Roth IRA this year or next. I had already done this prior to reading her book. With the market down 40%+ this past year, many of us will have significant tax write-offs to offset most if not all potential taxes due to the conversion. Additionally, these taxes are significantly lower now because the value of these investments are way down.

    I have spent a lot of time studying the techniques and advice of Ms. Orman as well as another well-known financial media celeb, Dave Ramsey. Both essentially focus on target audiences who for the most part have trouble managing their money and have gotten themselves into a heap of debt. The primary focus of both is to pay off those credit cards and establish an emergency fund you can live off of for the better part of a year should you lose your job. Suze has no problems with Credit Cards as long as you pay them off monthly whereas Dave doesn't believe in them (nor does he care about or even claim to know his FICO score). Like money, credit cards by themselves are NOT bad, but when they are abused then you can get in a lot of trouble. But you can also get into trouble carrying around envelopes of cash as Dave suggests (my friend lost over $1000 of his holiday cash set aside for gift shopping this way). And anyone who seriously thinks Dave's claim that a 12% long-term annual investment return in mutual funds over the long run can be expected, is just setting themselves up for trouble. Not even Warren Buffett would make such a claim. The bottom-line is that both Suze and Dave are very opportunistic individuals who offer generally good advice, but as always it is buyer beware. Don't be a lemming and don't always drink the kool-aid....more info
  • Same old Advice
    There was nothing special about this book. I used to be a big fan of Suze, but now realize she just repeats the same advice over and over. I would not buy this book if you have read anything else she has written. It is the same rehash of the same info. The same info is available for free on the internet. Save your money!...more info
  • Sound advice
    As a regular viewer of the Suze Orman show, I definitely wanted to read her advice on how to cope with the current economy. Her suggestions are very practical and make sense; however, I cannot do one of her pledges where I do not eat out for an entire month. I used to eat out once to twice a week but now I dine out once every two weeks. I think my plan is more reasonable. However, overall I think she is more reasonable in her financial advice than she was four years ago. ...more info
  • Familiar with Suze Orman's books
    I have read Ms. Orman's previous books and watched her on PBS! This book is of similar quality to her previous work, and the information has been very helpful given what we are facing today with the economy. I'm already acting on her advice and I'm waiting to see what those results will be. Only time, and the stock market, will tell....more info
  • So-so
    The only reason I say that it is so-so is because it is all stuff that she has told us before i didnt really learn anything new. But it is good to have it in writing to follow the book....more info
  • Suze Orman's 2009 Action Plan
    I like to listen to Suze Orman's T V program and read her books. She always gives good advice....more info
  • Very informative
    Can't really stand watching Suze Orman on tv, but I got a hand it to her-she knows what she is talking about. Great advice for a newbie and non-newbie alike. I plan to give this to my kids to read. ...more info
  • Suze Orman's 2009 Action Plan
    Suze Orman's 2009 Action Plan

    Suze Orman's primary business is not to help people but to sell more books and have more viewers. Her advice is frequently out-of-date or just like political "talking points" - the same old phrases...more info
  • reely smart lady
    I seen Snuze on TV. and she understand money most imporntint thing my life, meny more time then familey. She gives me head meny good ideas how not loose any more money to krooks on wall street and email spams. Thanks you Suze "im" now big cash "cow" living "hi" off pig"!! ...more info
  • The Action Plan You Need
    From Loren Keim, author of How to Sell Your Home in Any Market: 6 Reasons Why Your Home Isn't Selling... and What You Can Do to Fix Them:

    The economy is broken, people are scared and angry, and the world is in panic-mode! Suze does a wonderful job explaining how we got to this point (and why it's not something that just happened last month!) Her outline helps consumers to make the right financial decisions and hopefully weather the economic storm.

    Start to finish, it's a great read, an easy read, and I highly recommend it. Now is there any chance she'll ever have me on her show?...more info
  • Don't Pick Up This Book-- Don't Even Make Eye Contact
    Sadly, this author is dangerously uninformed about her very topic. In February 2007 she told the world to eschew stocks (because you could lose everything) in favor of insured municipal bonds (because they're "100% safe and secure.") WHOOPS! Since then, stocks have taken a beating, but the insurers of municipal bonds have gone belly up! She failed to understand even this most basic idea-- the insurers of bonds are just corporations-- those scary companies she's afraid to invest with. Instead, she found a way to spend her own investment dollars on worthless bond insurance. Nice goin' Suze!

    The only thing Suze Orman is really knowledgeable about is how to make money for Suze Orman. But you don't need to help her. Find another book, written by someone who understands the financial markets....more info
  • Practical tool to force myself to plan
    Her suggestions are mostly common sense, but they are good ones. The book was very useful in a sense that it forced me to actually do plan and follow up on them....more info
  • Worth reading
    Do you want a clear explanation of how we got into current financial mess? Do you need guidance during the economic crisis? Do you want simple dos and don'ts with your money in this situation that caught us all by surprise? Pick up Suze's book!

    This book is very easy to read. It gives us simple answers to the complicated questions we all have now, starting with the history of getting to this critical situation. Understanding the history helps avoid the future mistakes. Suze gives a plan of action how to avoid crucial mistakes in 2009 and years to come. No matter what surprises are expecting us this year, Suze provides a reference guide how to be prepared for the unexpected and how to survive during this economic downturn. In other words, after reading this book you will have a plan for your particular situation. You will get prepared for the rough time ahead. This book will help you to have a realistic picture about your expenditures and their affordability. It will teach you how to manage your debt and achieve financial stability during these unstable times.
    ...more info
  • Common Sense
    I think Suze Orman is great! However, this book is basically common sense to me. With everyone questioning whether they have job security or loosing their jobs, all that you can rely on is cash. She advises to save your money and pay off all of the debt that you can. For the people who are living outside their means, they are getting a real hard look at reality for a change, instead of the buy now, pay later ideal that got the rest of us into this situation to start from. Come on people, to get the economy back on track, start paying your bills! ...more info
  • I already lost another $10,000 in 2 weeks from advice here
    I got her book for Christmas and took her advice. So I bought some high dividend stocks to weather the storm. Well, so far, I am down another $10,000 as all the high dividend stocks are taking it on the chin again as the stock market continues to crash and burn. I want MY TARP- Taxpayer Annihilation and Rape Program money, as I think that's the only place you can make any money these days. But I'm not a bank, so guess not. Oh well, another worthless book that is wrong! I would do better to keep my money in my mattress. It seems the only people who make money these days are those that write books on how to make money and even they give bogus advice. I did give it one star, because she does have a nice crest strips white smile. ...more info
  • Love it!
    I had this book read in 2 days. I have let other people borrow it and they as well love the book. Lots of great advice for todays economy!...more info
  • I am looking for more
    I really like Suze Orman, but this book was not a hit for me. It was alot of information she previously gave us recycled. Along with some good advice for people who are in a really bad spot with their home or other things right now. It didn't really apply to me. I do recommend it for those in a really tight squeeze. ...more info
  • Good Tips to Live By
    This book is an easy read, and yet really breaks down the reasons behind what's going on in this fragile economy. Suze really has helped me to gain more understanding of Wall Street and our banking system. She also gives tips on what aspects of our finances we should focus on in light of the monetary chaos that we're left to sort out for ourselves. I only gave it 4 stars, because there were only a couple of chapters that directly relate to my financial sitution, and the others I will refer to once my life approaches that direction....more info
  • Wise words during a trying time
    I think, just like all of Suze Ormon's books, this was excellent.

    It gives wise suggestions to those who are hisitant about how to handle their resources during this trying time our country is going through.

    It is exactly what I myself would do to handle my current resources....more info
  • Something here for everyone
    I picked this book up yesterday afternoon and was able to finish it this morning -- and was even able to go back and re-read certain sections. I am also encouraging my husband to read it as well.

    For people who have never been taught the fundamentals of money management, this book is excellent reading. Many people have been raised to assume that if you can make the payment on something, you can afford to buy it -- including cars, vacations, furniture, and electronics. Suze gives it to you straight that this is just a huge lie -- for example, if you can't pay off you car in a 3-year loan (not a lease) you are driving a car that's too expensive. While many people view this as common sense, for others this is a totally novel idea. Living within your means while saving for emergencies, retirement, college for the kids, etc. means making trade-offs and decisions that are not necessarily what we "want" to do and many people have kidded themselve into thinking they can have it all and then when one thing goes wrong, it all comes down like a house of cards. Good straight talk from Suze that if people had lived according to the advice in this book for the past 20 years during the good times, we would not be in our current financial mess.

    For people who have largely done what they should financially, it is still a good reminder to stay the course and to not panic. For people who have done things right, it can be a bit of a pep talk and encouragement to continue on even though it's scary.

    There is some very practical advice in here and I particulary appreciated the advice about rolling a traditional IRA into a Roth IRA and how the laws are changing around that issue in 2010. Even folks who have done their homework on their finances will find things here to learn from.

    Overall an excellent, easy-to-read book that gives you action steps to take to better help you and your family through the rough periods. While much of the advice will not be popular (for example -- go ahead and sell the house you can't afford rather than continuing to try to kid yourself that you'll be able to afford it in the future) and many people will resist doing the hard things, if you follow her advice over time you will be better off financially than you are now. In addition, you'll be happier and healthier since you won't be dealing with the stress that comes with trying to live a life you really can't afford. ...more info
  • Some good advice interlaced in drivel
    Perhaps the reason that Suze Orman is so popular is that she does give some good advice -- get out of debt, curb spending, save for retirement. However, she surrounds this practical advice with such New Age poppycock that it is hard to take her seriously. She assumes that everyone is like her, does not deal with the realities of people whose incomes are not in the top 10% of the country, and applies California law to all states, which certainly is not applicable in the Northeast where we are not community property states, do not have high probate costs and where the banks are not and have not made 110% mortgage loans.

    I know people who have never made more than $60,000 per year who live in a nice house that is fully paid off, have money in the bank and who manage to have a full and rewarding life. They worked hard, watched their expenses, and stayed mostly on a cash basis. They certainly did not drop $10 every morning on a latte and a Danish. I want them to write a book on financial planning -- it would have meaning.

    This book, as is the case with almost all of Orman's books is advice that your mother taught you at age 12 wrapped in a glitzy package. ...more info
  • Short, Simple, Good advice.
    If you already read several personal finance books you probably won't find much here but it's a quick read (a few evenings should do it) for those that are lost and need some guidance.

    Others have gone to more length in describing this book so I'm going to be short and to the point, just like she is in the book. It covers a lot of the smart strategy for saving and getting out of debt that many books cover in length. The problem is too many people don't bother to read those bigger book or practice the the good ideas so many have written about.

    This is 2009 and we're in the worst financial times since the great depression. Suze tells you in short order and simple terms, in her own cocky style, what you need to do to work towards your financial future.

    If you don't read any book on getting your finances in order, at least read this one and get your butt moving towards a better financial future!...more info
  • Nothing new and no REAL advice for those Underwater
    This is a great coach/cheerleading book for the very conservative and financially naieve masses. She basically tells them all that everything they have been doing was right and now to tighten the belt even harder. Great, but what about if you are in trouble and need a little advice? Something actually clever, and new...something worthwhile from a published expert?

    Well if you have been laid off several times, and made the mistake of dipping into credit too much, and now your home value is underwater and you are having trouble with your 'adjusted' mortgage rates, Suzie gives you no advice on what to do, now. Did we overspend? Maybe a little. Did we foolishly deny a little common sense when we took out our last mortgage? Yes. OK, so now you're stuck and need some help? Well, this book isn't for you unless you want to be bashed up side the head.

    In no uncertain terms, Suzie says you should be ashamed of yourself. She says that you are dishonest if at the end of the month you can't afford to make one of your credit card payments. But for all the rest of you scared people she gives you props and tells you to keep putting money in your 401k, now moreso than ever. Whatever, go watch another Oprah episode, buy my book, or watch another feel good financial PBS marathon with 3 hours of preaching to the choir, by your host Suzie.

    You know if everyone follows Suzie's advice, the economy will totally tank. You think no one's spending money now? How about 8 months of no one spending money on anything except absolute life's minimum staples....more info
  • Suze Orman's 2009 Action Plan
    Suze gives sound advice, as always. The advice she is giving is the same advice others give and most of it makes sense. As with any generic one fits all advice book, you need to scrutinize to make sure the information fits your situation. The book tells you what to do and what not to do but you must make your own action plan. There is none specifically written. You do not need to read the book straight through. You can pick and choose those areas that pertain to you....more info
  • capsule sized version of all five volumes of her books
    All of this financial goddess's books dish the same advice - define what you have, and don't buy what you can't afford - each book is a rehash of her other books, with slightly different angles - for women, or for young people - however, read them all, because repetition and pithy commentary drum the message in.

    She's really ahead of the times, and is countercultural in that she encourages non-spending and saving. She called the economic meltdown years ago.

    Even if you read her other books, this one is a standalone, fits in your pocket, cliff notes size, must have....more info