Rita Chappelle recently wrote an article about Suze Orman and Orman’s new book. I include an excerpt:
According to U.S. Census poverty data, women are twice as likely as men to retire in poverty. One out of eight women is poor, compared with one out of every 11 men.
Those grim facts supercharged financial guru, author and talk show host Suze Orman to move into high gear in helping women break the cycle of poverty.
“How do women end up with statistics like this?” asked Orman, who spoke yesterday at a conference at 1st Mariner Arena. “Because women put themselves last in every category, especially finances. Despite the fact that women are making more money now, they don’t make more out of their incomes. They think that the money they earn is to be used for everyone else but themselves.”
Orman wants to obliterate this selfless mentality. In her latest book, Women & Money: Owning the Power to Control Your Destiny
she tackles the issue head-on and lays out a concrete plan called “The Save Yourself Plan,” to put women on the road to financial stability. As back-up, she enlisted T.D. Ameritrade to be the savings vehicle for women to begin investing in themselves.
I’ve heard Suze Orman’s financial advice before. She gives sound advice in a way that the average person can understand and use without the help of a personal accountant or such. I appreciate that she now wants to use her advice and her new book to help women learn how to avoid poverty.