Women & Money: Owning the Power to Control Your Destiny by Suze Orman Summary and Reviews
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Book Reviews of Women & Money: Owning the Power to Control Your Destiny
Book Review: An empowering but basic money guide
Summary: 3 Stars
Suze Orman is one of America's best-known economic help was. Prior to this book, she has had five consecutive New York Times bestsellers, a two hour daily radio programme (much missed), and now a television programme on the American TV network CNBC.
I am one of the author's fans, and despite having the wrong chromosome, when I was in America I bought this book.
I think a big target audience is probably best described by Suze on page 58 when she says:
"What I am going to ask you to do and to learn is a pared down version of advice I have written about in great detail in my previous books. I know that many of you have read those books from cover to cover. The fact that you are reading this book, however, tells me that, for whatever reason, you weren't able to act on what you read."
So in essence, this book gives you very basic advice about getting interested in your money, empowering you to find out more about your money, possibly with a conversation with your husband (because if you don't know enough about your money, it is probable that somebody else in your family does, and in this instance, ignorance is not bliss).
The five month "save yourself" plan is summarised as follows
Checking (or current) and savings accounts,
Credit cards and credit scores,
retirement investing,
must have documents,
protecting your family and home.
It goes on to a moderate amount of detail of, for example, the attributes of a good checking account, and the fact that Americans have to avoid certain traps makes me quite glad that I live under the British monetary system! However, the principles of still valid in British use.
If you are a complete newbie about money, maybe a bit shy about going into a world that he might think it's none of your business, but feel that there is probably something missing from your knowledge that you need to have, then this is the book for you. However, if you're flying in more progress than that, then I would recommend getting a used copy of The 9 Steps to Financial Freedom as your starting point; and make sure that it is the British edition, i.e. it uses British currency and British law as of 2001 (a major thing which has changed since then is how much you can put into a pension, but the rest of it think it is still valid).
Overall, for me, after the first 55 pages, a bit of a disappointment, as it is a lot more basic than her books normally are, hence for me the three stars.