Thoughts on Suze Orman’s 2009 Action Plan

January 27th, 2009 by BillyOceansEleven Leave a reply »

A couple of weeks ago I wrote about a free download of Suze Orman’s 2009 Action Plan, and I finally got around to reading it this week. Unfortunately the offer for the free download has expired, however it is still a worthwhile read even if you have to pay for it. Amazon.com sells it new for $9.99, which in many cases would be money well spent.

The book is Suze Orman’s latest (see has also written other popular finance books such as The Road to Wealth, The 9 Steps to Financial Freedom, and The Money Book for the Young, Fabulous & Broke). In the book, Orman discusses how we got into this current financial mess and detailed steps to deal with this very challenging environment. The book was sent to press in November, so it is probably one of the most current personal finance books on the market, although it does acknowledge at many points that things are rapidly changing.

Orman outlines seven “action plans”: credit, retirement investing, saving, spending, real estate, paying for college, and protecting your family. The entire book is a little over 200 pages, and is a very easy read (I finished it over a couple of lunch breaks, and I’m a pretty slow reader). Within each action plan, Orman identifies several common situations/decisions and discusses the most prudent course of action for each. She does a great job in explaining the effects the current crisis is having on consumer credit and the need for families to build emergency funds and eliminate frivilous spending.

I would recommend this book for: those who know they need to get their finances in shape, but don’t know where to start. If you spend too much and save to little, and use debt to pay for it all, this would be an excellent read. It would also be good for those that may describe themselves as less financially literate, with many questions about the current financial situation and what to do next.

I wouldn’t recommend this book for: people who rightfully regard themselves as financially savvy. A lot of the material covered is pretty basic in nature (with the exception of the discussion of the effects on consumer credit, which I think would be enlightening to most readers), and regular readers of personal finance magazines will have likely already been exposed to the subject matter.

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