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Suze Orman The Laws Of Money

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In fact, there are 5 Laws of Money which I like to share with you:

1. Money comes gladly and in increasing quantity to any person who saves at least 10% of his/her earnings (first step to Financial Freedom).

There are only 3 Cashflow Scenarios:

a. You spend more than you earn: This person has negative cashflows and is likely to end up owing other people money.

b. You spend all that you earn: whether this person is earning S$2,000 a month or S$200,000 a month, he/she is just getting by and not getting ahead.

c. You spend less than you earn (eg. save 10% of your earnings). As time goes by, this person will automatically get richer and richer.

The question is which cashflow scenario do you want to CHOOSE for yourself?

2. Money can work for you, if you become the "wise owner" of money and make money work for you. (note: you're the Master, money is the slave, while many people are guilty of being slaves to money).

Money is just a tool. We should Love people, use money. The sad thing is there are people who Love money and use people instead.

3. Money will be safe and grow if you invest it wisely or if you invest under the advice of people who are wise in money. ie. investment knowledge is key to making money grow. You can either acquire investment knowledge yourself or you can invest money under the advice of people who have investment knowledge.

4. Money will slip away from the man who invests it in businesses or investments with which he is not familiar with. You should ask the opinion of those who are wise in money, they might be able to offer you information or advice that can prevent you from losing money.

5. Money flees the man who falls into scams created by tricksters and conmen, who promise "impossible earnings". One common weakness of human beings is "greed". Greed can make a person who is usually alert and smart "stupid". Greed can blind a man and is the main reason why financial scams continue to exist whether in ancient times or in the modern day.

Thus, if you abide by the 5 laws of money, you will definitely get ahead financially and be able to accumulate wealth.

Copyright (c) 2007 Dennis Ng

Suze Orman The Laws Of Money

Long term care insurance is an obvious ?must-have' for Americans with assets and families to protect and with discretionary income to afford the premiums. While Suze Orman publicly promotes this coverage as the foundation of your financial plan, we wonder if she ought to put even MORE emphasis on LTCi protection

People all-too-often assume that long term care is just for the elderly, and it's shocking to learn that over 40% of nursing home residents are currently under age 65. In fact, because of my advanced Multiple Sclerosis, I would be in a nursing home right now if I had LTCi coverage to pay for it, and if my beloved wife, Kimberly, would agree to let me out of her sight.

In any case, while Suze Orman is clearly America's most popular financial advisor, she is also America's most visible proponent of long term care insurance.

This is a good thing for all of us since, of every 20 folks who need long term care insurance, only 1 of us owns it - A sad state of affairs to be sure. And we had better learn more about it fast...

But now the question is this: Should Suze Orman be even more forceful in her insistence that long term care insurance be the bedrock upon which everybody's financial planning must be anchored?

And why all the fuss over long term care insurance, anyway?

Well, just ask Suze Orman: It's because she knows as well as I do why Americans have no other common sense choice than to embrace this family financial tool if they want a mature, secure retirement. I, myself, was stricken with Multiple Sclerosis at age 50 - WITHOUT long term care insurance. Now I can never get long term care insurance coverage because of this pre-existing condition. Rats!

Suze Orman is bringing America's baby boomers into awareness on retirement planning and the need for long term care insurance, and for this she should be commended, but is she saying enough? You be the judge.

Here are few words from Ms. Orman: "Considering how hard people work for the majority of their lives with an eye towards retiring, it's surprising to find that many give little thought to actually funding (and protecting) their retirement."

In You've Earned It, Don't Lose It: Mistakes You Can't Afford to Make When You Retire, Suze addresses this sad fact and "goes beyond the usual financial primer to describe how to safeguard your financial future with smart long term care insurance."

"No well-planned retirement should be without long term care insurance. It is the very cornerstone of retirement security." - Suze Orman

Copyright 2006 Clay Cotton

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About Author

Both Dennis Ng & Clay Cotton are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Dennis Ng has sinced written about articles on various topics from Finances, Debts Loans and Finances. Dennis has 15 years of bank lending experience. He founded - a Leading Mortgage. Dennis Ng's top article generates over 4400 views. to your Favourites.

Clay Cotton has sinced written about articles on various topics from Insurance, Parental Care and Health. Long term care insurance activist, Clay Cotton, writes for - The Online Baby Boomers Decision Assistance Center where you get Long term care insura. Clay Cotton's top article generates over 6600 views. to your Favourites.

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