Jan 08, 2009

Free Download: Suze Orman’s 2009 Action Plan


13 Responses | Leave a Comment »




I was working out this afternoon and watching Oprah. Due to the current financial climate in the United States, Suze Orman was on the show to educate people on how to pay off credit card debt and save for the college, retirement, and emergencies.

Orman’s latest book, 2009 Action Plan, is available for free download this week:

http://www.oprah.com/article/oprahshow/20081119_tows_bookdownload

I haven’t had a chance to read over the material, but the show raised good points for people who are in their 20s and 30s and wondering whether or not it’s smart to continue contributing to their 401ks. (The answer: it is–as long as you have time to ride out the market, it’s wise to continue making those contributions.)

Orman also had a challenge for the audience, who collectively had over two million dollars in credit card debt:

1. Try to go through a day without spending any money.
2. Don’t use your credit card for a week.
3. Don’t eat in restaurants for a month.

A lot of the advice seems to be common sense. Though, even with common sense, many of us are in debt and trying to get out of it. Any tools for coping with the economy seem worth sharing. Anyone have any tips of their own?

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13 Responses

  1. #1

    King4aDay

    12:25 am | Jan 09, 2009

    Well, this may seem kinda obvious, but I started cooking larger entrees on weekends and bringing my lunch to work. I usuall have steamed vegetables and a starch along with. I even bought mysef some new Tupperware at the 99 cent Store. I just put it in the microwave, then take it out on the patio for lunch. I used to spend $11.00 a day on lunch. Now it’s about $3.00 a day.

    Also, when gas prices got high, I bought myself a scooter. This one, for about $1900.00 (used my tax refund)

    http://www.rosevillefuntoys.com/images/milan_04.jpg

    So I just parked my car and took the scoot everywhere.
    I went from paying about $400+ a month on gas to $50.00 a month.
    I’ve become somewhat addicted to wind in my face and money in my pocket.

  2. #2

    evil_FUX

    1:04 am | Jan 09, 2009

    All I have to say to this is this:
    http://www.hulu.com/watch/19681/saturday-night-live-suze-orman

  3. #3

    lopan

    2:21 am | Jan 09, 2009

    Someone should start a thread in the forum on techniques to save cash. King, your scooter idea is awesome. Too bad you can’t drive those things around in the winter here in Canada!

  4. #4

    King4aDay

    12:26 pm | Jan 09, 2009

    Haha, yeah it’s not a good solution for those long Canadian winters. Your hospital bills would rapidly exceed your gas savings.

  5. #5

    lopan

    1:27 pm | Jan 09, 2009

    ^ well, we don’t have hospital bills. Remember? Free healthcare. :)

  6. #6

    aznbro

    3:25 pm | Jan 09, 2009

    ^ or if you die before receiving treatment :)

  7. #7

    maltwhiskman

    9:59 pm | Jan 09, 2009

    1. Try to go through a day without spending any money.
    2. Don’t use your credit card for a week.
    3. Don’t eat in restaurants for a month.

    Only if you’re in dire straits.
    But if you have some cash to burn, do so quickly and liberally. Else the dire will get direr.

  8. #8

    nskripchun

    8:51 pm | Jan 11, 2009

    The cooking a lot of food on the weekend and then packing it up for lunch is what the wifey and I do - usually something simple and tasty, like curry and rice. If do you happen to go out to eat, we limit ourselves to eating with groups of friends (social activity) and eating out on the weekends.

    Another way to save money… look at deal sites like slickdeals, fatwallet, or dealnews!

  9. #9

    ellencho

    12:19 am | Jan 15, 2009

    Instead of buying new dvds and books go to the library and sign them out instead - it’s free! And even if the book/movie isn’t in, you can always have them put it on hold for you when it comes in.

  10. #10

    BadArtist

    1:32 am | Jan 18, 2009

    ^I just download movies. ;-) But as for not buying books, ugh, that really hurts. I love buying books, and I always get hardcovers if they’re available, which gets costly. I haven’t bought a book in months and I feel grumpy every time I look at my shelf.

  11. #11

    BadArtist

    1:59 am | Jan 18, 2009

    I’ve learned to really appreciate eBay. I sold a ton of old games and DVDs that just take up space and made enough money from them to buy a brand new Wii. I was surprised by how much money I could save by just getting rid of old junk I’ve been collecting since I was a kid, like selling baseball cards and comic books, trading in music CDs that I no longer listen to for store credit, ditto for DVDs, dumping old books at the used book stores, etc. If you have an old iPod that you no longer use, there are iPod recycling programs that pay you money for them.

  12. #12

    Makulita

    1:06 am | Jan 21, 2009

    Tsk, King. I pegged you for a Kymco People S 125.

  13. #13

    King4aDay

    1:49 am | Jan 21, 2009

    “Makulita
    1:06 am | Jan 21, 2009

    “Tsk, King. I pegged you for a Kymco People S 125.”

    I looked at that scoot but it was like $3000 + change and besides I really loved the retro lines of my Lance Milan. Which was $1000 cheaper for 150cc of displacement. I love riding it.

    http://www.sfmotoretta.com/store/images/web_milan_bottom.jpg

    http://www.lancepowersports.com/

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