I went out specifically searching for this book at my favorite discount bookstore, BookXcess, in Amcorp Mall. I guess it was my lucky day 'cause they had it in stock! In case you're wondering, the original price of the hardcover book which I purchased was RM99.90 but I got it for RM19.90 at BookXcess.
This is my very first Suze Orman book although I have watched her giving financial advice to women on Oprah numerous times in the past.
Women & Money contains loads of helpful financial advice. Suze wrote this book especially for women because many women are clueless when it comes to financial matters. She explains, for example, the difference between good debt and bad debt. We hear people talking about good debt and bad debt often but do you know what they really are? Good debt is money that you borrow to buy an asset which will appreciate in value over time. Bad debt is money that you borrow not used to buy an asset. The ultimate example of bad debt is credit card debt. Going by this definition of bad debt, borrowing money to pay for a car loan constitutes as bad debt because a car doesn't appreciate in value! Now, isn't that an eye opener!
She covers a lot of areas in this book such as retirement investing, must-have documents, protecting your family and your home and the financial aspects of commitment which includes relationships/ marriage/ kids.
No doubt that many of the advice written in this book is for the American woman, but I found many of the advice useful as I only have to adapt the same concepts into my local context. It is about how to think about finances is what I take away. After acquiring the bigger idea, I can adapt what I learned to my day-to-day living.
In short, Suze asks women to imagine what's possible --- to imagine what life would be like when we make the choice to take control of our finances and not remain clueless. Power to women!
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