From Minimum Wage To World’s Leading Finance Expert | Suze Orman on Women of Impact

Published: May 13, 2020, 12:30 p.m.

From America’s Matriarch of Money herself, Suze Orman’s Women & Money podcast speaks directly to every mother, daughter, grandmother, sister, and wife — and the men who are smart enough to tune in. Join Suze Orman twice weekly for unmatched personal finance expertise, and receive powerful insights and actionable advice on investing, saving, and life. https://www.suzeorman.com/podcast  And right now, literally millions of Americans definitely need those powerful insights and immediately actionable advice on money. So on this episode of Women of Impact with Lisa Bilyeu, Suze Orman details exactly what steps people need to take to gain control of their finances. She guides listeners on how to create new truths about money, how to deal with shame, anger and fear, and how to eventually reach the point where saving is more pleasurable than spending. This episode is brought to you by: Impact Theory University: university.impacttheory.com Blinkist: Go to https://blinkist.com/woi Try it FREE for 7 days and save 25% off your new subscription. Better Help: Get 10% off your first month at betterhelp.com/womenofimpact and use discount code WOMENOFIMPACT SHOW NOTES: What do you do when you are confronted with the truth about your situation? [3:35] What is your truth right now? Are you fearful, ashamed or angry right now? [5:47] In order to overcome shame, you have to own the situation you find yourself in [7:15] The past is the past and it’s over. It’s only valuable as a tool to learn from. [10:30] Live below your means. Always ask, “is this a want or a need?” [13:00] How do you define the difference between a want and a need? [13:57] When do you buy what you need instead of what you can afford? [16:02] Suze explains how to get more pleasure out of saving than spending [17:37] Power attracts money. Powerlessness repels money. Never be a victim. [18:18] People spend more money than they realize they are spending [19:57] Ask yourself why you get more pleasure from spending than from saving? [22:35] Right now many people have an unprecedented opportunity to save money [24:32] Suze advocates not making big financial moves right now [27:31] Why don’t you do what you know you should do? [30:05] Suze says her superpower is that she knows her own thoughts, her own motives [31:02] How do you deal with a spouse who has different financial goals and values? [34:28] The first step you need to take is to create a new truth [36:37] FOLLOW LISA: Instagram: https://bit.ly/2TIsoKh YouTube: https://bit.ly/2IAbTcH Podcast: https://spoti.fi/2IEajGW FOLLOW SUZE: WEBSITE: https://www.suzeorman.com/podcast INSTAGRAM: https://bit.ly/2Wr3UX8 FACEBOOK: https://bit.ly/2LjHlNK TWITTER: https://bit.ly/2SWiHa0