Many people are in the dark when it comes to money, and I'm going to turn on the lights.
Suze OrmanRead
A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.
Interpretation
Financial freedom involves liberation from anxiety regarding potential future uncertainties.
This quote by Suze Orman emphasizes that true financial freedom is not only about having wealth but also about achieving peace of mind. It suggests that being financially secure allows individuals to let go of their worries about future 'what-ifs' and focus on living their lives fully, without the burden of financial anxiety.
In practice
During a financial planning seminar to inspire attendees to think about their financial goals.
Many people are in the dark when it comes to money, and I'm going to turn on the lights.
Bad debt is sacrificing your future day needs for your present day desires.
We are all powerless as children, and money looms so powerfully... we don't grow up to claim our financial power until we look money directly in the eye, face our fears, and claim that power back.
Owning a home is a keystone of wealth - both financial affluence and emotional security.
Believing you are worthy of love means that you believe I deserve to be treated well - with respect and dignity. I deserve to be cherished and adored by someone. I am worthy of an intimate and fulfilling relationship. I won't settle for less than I deserve. I will do whatever it takes to create that for myself.
So many financial dreams are thwarted by the failure to act upon good intentions.
It isn't as important to buy as cheap as possible as it is to buy at the right time.
Just because a stock is down doesn't mean it's a great buy.
Twenty years in this business convinces me that any normal person using the customary three percent of the brain can pick stocks just as well, if not better, than the average Wall Street expert.
Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.
If I was counselling an individual, and my purpose was to help that individual, the most important thing would be that you should save more. Because don't expect that your retirement will follow those trajectories that some advisers are telling you.
There are two main drivers of asset class returns - inflation and growth.
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