I often think about how funny the beauty and fashion industry is here in
With this recent epiphany in mind, I was very excited to attend
When Suze was 30 years old, she was a waitress making $400 a month…and now? She owns five homes, has millions of dollars in the bank, has written nine books and has her own TV show. How does this happen? Everyone in the room wanted to know. Suze made her fortune by working for it. Seven days a week, 20 hours a day…for 10 years. She also followed the motto of “if I can’t write a check for it, I can’t afford it.” Something many of us can and should also apply to credit cards. “If I can’t pay CASH for this, I can’t afford it” is now something I will say to myself every single time I enter a store, attend a sample sale or check out a shopping Web site.
Suze also had some interesting insight on how to tackle your current debt that actually contradicted what nearly everyone in the room had previously thought. She says to first pay off student loans, save money for an “emergency fund” and THEN tackle credit card debt. I had always been under the assumption that you should pay off credit cards first but Suze says no way. Student loans FIRST and it’s also imperative to make sure you have money saved in case you ever get laid off or have a financial emergency. Several of us at the Tweet Up had actually been laid off and to this Suze said told us to reposition our thinking. “I got laid off…great. Now what other opportunities are out there for me?” In addition to this new way of thinking, she couldn’t stress enough how important it is that women in business help one another. In my opinion, it will always be to your benefit to help someone in their career because if they don’t someday return the favor, it’s also pure karma.
For more information on Suze, follow her on Twitter and check out a copy of her book, “Suze Orman’s 2009Action Plan” that we received at the Tweet Up and remember, “if you aren’t powerful with money, you aren’t powerful. Period.”