Suze Orman TwitterSuze Orman FacebookSuze Orman YouTubeSuze Orman LinkedIn
View Blog & News List

Are You Fluent in the Language of Wealth?

April 28, 2016 at 12:00 AM

I spend a lot of time helping people work out a plan for overcoming a financial challenge. Quite often the bulk of my work is in getting them into the right frame of mind. Financial problems are so stressful it is completely reasonable to feel anxious or depressed. But the first step in working your way out of a financial fix is to convince yourself you control your future and you have the ability to make it a great future.

My best advice for anyone facing a financial challenge is to give yourself the gift of a positive point of view. Commit to these three beliefs and you can achieve anything:

  1. I Can. Lasting wealth is built on a foundation of confidence that empowers you to control your financial destiny. It may be natural to feel defeated when you’re staring at a statement showing all the credit card debt you owe, or when you realize how much it will take to save up for a 20 percent home down payment. That’s where framing your challenge with “I Can” will empower you. Instead of thinking “How will I ever get my credit card bills paid off,” switch your inner dialogue to “I can make progress every month by spending only on needs, not wants.” And “I can make progress by paying more than the minimum balance due each month.” 
     
  2. I Am. Power attracts money and powerlessness repels money. A big step in setting your mind to build lasting wealth is to embrace the power that is within you to create the future you deserve. “I am drowning in student loan debt” is not a sign of power. “I am going to make timely payments and be out of debt in 10 years” is your power move.
     
  3. I Do. Catch yourself every time there is a financial issue and you find yourself thinking “I don’t understand” or “I don’t think I will ever be able to do that.” When those negative thoughts invade, identify what the problem is. For example, if you are confused by the investment options in your retirement plan, rather than be anxious that you “don’t” understand, commit to spending an hour a week for two or three weeks reading up on the basics of retirement saving. I guarantee you will soon be saying “I do understand what I need to do to.” And you will be on the road to building lasting wealth.

Tag Cloud

grandparent IRA contribution Financial Educator2017 Taxesallowance taskbuying car 2016age appropriate goalsCredit Card Interest Rateconfident of solutionemergency fund doctor no longer in networkFederal Reserveiffy incomestandard deduction healthy retirement weightlife insurance name trust as beneficiaryNewtownannual cost of living adjustmentStudent Loanbuying a carAARPLTCmortgage interest tax deductionback-to-school budgetfraudulent returnTelepicturesone credit cardLegal GuardianFinancial Solutions For You30 year mortgage financial independencestay positiveWall Streetco-sign not enough life insuranceCivil RightsSatisfyingbe kind to yourselfHDHP's are not badteens and moneyDeath Benefitheartachebest interest ratesresponsible with moneyfile taxes quicklysetup automatic savings withdrawcreate new truthloan necessitysocial security never insolventget credit cardJose RodriguezGiftlower mortgage interestnear historic lowsCollege of Veterinary Medicinecompare monthly expensesspecial saving accountOverspendingbe true to yourselfLTC shoppingcontribution Retirement Savingsshorter payback periodARM Cautionfile asapcharges on credit card4 Must Have Documents identity fraudlow down paymentmultiple lendersThe Suze Orman Showinterest on student loansStaffords this year have a fixed 6.8% interest ratecar buying mistakes401Kgrandchild summer job IRA contribution3 savings buckets Emergency Savingspay down student loan debtinsurance yearly reviewCory Bookerface your financial fearoverspend on dining outat worst still pay 75% benefitdeath benefit needs for familymental healthwives should be involved in retirementRetirement Incomecommunity collegeraise deductiblesSuze is my biggest mentoronly refinance if it paystoo expensive schoolcredit cardautomate student loan paymentshome insurancefinancial argumentstraditional vs roth 401(k)lower interest ratewould you decline a bonusfinancial fearsbetter loan dealsfocus on new truth 40% toward financial goalSelfishEasy Life Insurance 3% debt transferred Minor Children know before you oweCommunication Skills prescription tierhealthy teethnot gender specific higher monthly paymentborrowing plan Baby Boomersretirement accountsoverspend on giftsadd teen10 year repayment plan physical healthhome ownershiplet them have 50% controlidentity theftanticipated salarybad retirement planningdental insurance Financialwomen longer life spanpay down car loanpositiveSave Us Moneyadjust allocations Influentialsgift not loanincentives for health care wellness screeningteach your child good money habitsFinal Goodbyeprotect loved ones Conventional loan PMIspeak new goalAlarm Clockshop online guaranteed level term policy2015 financial roadmap20 year level term tax ID theftwaive home inspection bidinterest capitalizationretirement planalways use all paid time offVital Documentscontribute household expenses secured carddental savings planFederal Funds Rateis it necessary?CPI-Wcommitraise your deductiblehealthy gumsno sneaking in feesFinancial CliffHSA tax savingslow-cost index mutual fundterm life insurancepay 100% cashno tax on withdrawlsSuze Orman spouse Kathy Travisopen enrollment review borrow each year, capitalization is going to pile up healthy retirement blood pressurehome buying budgetderailed planrefundFinancial Systempaid vacationmonthly dental insurance premiumdebit cardMortgage Credit Availability Indexretain separate credit cardscar leasingincreased auto insurance premiumpublic service career student loan repayment HDHP'sspring summer Student Debtschool Revocable TrustAmy Lacyetcommunity bankno splurge real estate mistakesFinancial Gift Cliffpay credit debt ASAPdon't defer interest paymentsfinancial concernLovedon't cover cosmetic dentistrywomen long term carechildren's bookorigination feesget health insuranceWarner Bros Television Group740 credit scoreFHA loan feespeace of mindbad decisionshigh down paymentverify wellness screening and programsdon't charge a pennyhome related tax break bonus gay marriage ban end Florida mortgageclosing disclosurekids schedule paymentsprotect and provide for minor child money-aware childhome buying mistakesHigh FICO Score = Better RateAshley Springervalue money3 bucket approachdebtlearn good financial choicesMust Have Documentstelevision hostaccelerate dental workroth irarolloverinsurance mistakeRoth 401(k)federal student loan deferment bill paying prioritiesFICO credit score credit card mortgagelong term goalhigh FICO scoredo you need life insurancereferrals 20% equitypaying for collegeswitch to roth 401(k)Gay Couples20% down payment avoid feesstandard ratefocus on needsdangerous retirement planexercise reguarlyRichcouple financesbuy down retirment savingslowest cost fund optionchildren under 18no retirement funds for down paymenthousing marketgift grandchild IRA contribution2015 record year car sales10% donate to charityrent vs buyvalentines dayovercome financial fearsmeet monthly dangerous money seasonVeterinary Schoolraising interest ratesdon't derail retirement savingsCredit Card Rate IncreaseSpendingplanpay high rate off firstLTCi ASAPletter to suzeloan no longer than 36monthssave moneyHoliday Shoppinglife insuranceUniversity of Floridacredit unionlousy investmentlower premiumincrease emergency savingssocial workstore credit cardsthree year car loanFederal PLUS loankeep a scheduleSuze approvedwomen live longerretirementBeautyeliminate credit card debtmortgage brokermarriage financial responsibilityPBS Specialincrease retirement contribution ratebecome member reduce interest rateCOLAincrease retirement savingsworkaholicpreexisting condition not covereddon't blow tax refundHDHP college studentEmployer Matched Contributionavoid burn outno private loanssocial security not going brokecalculate dependents annual income needsstudent loan repayment planstaycationAARP Social security calculatorunsubsidized Stafford loanmax employer matched 401(k) contributionback door Roth IRAsave compare provider pricingalternative FICO score8 month emergency fundyours, mine & ourscost of capitalization calculatorhome budget after tax cost8 month safety netMost Influential Celebrities ListMass Mutualis it kind?breakdown projected monthly housing costpay interest while in schooluniversal college accessHigh Credit ScoreARMhigher insurance deductiblereduce withholdingholiday spendingallowanceno fee transferdon't spend New York Lifeeight month living expense affordabilityDurable Power of Attorney for Health Careproperty taxCiti Simplicity Card closing costs 2% of loanPrime Rate Increasemortgage disclosureget over life insurance phobiaautomatic paymentChanging LivesFederal Stafford loanEric Dodge enjoy saving lower rateprotect your familyignore 6 month grace period Sandy Hook PromiseFinancial Advicegift up to 14,000buy home you can affordUrbana-Champaign8 Rulesbe good exampleemotional stakestax refund fraudFinancial Awareness Video Festivalno private loanRevocable Living Trustautomatic withdraw to savings pay off debtExhibitiondoctors in networkmake saving a pleasureForbes Top 10FRAconfidentTeachInterestteenscredit utilization ratemobile appstudent loan repaymentpoint cost offset by savings!00% tuition paiddon't use allowance as bribeAccuQuote.comwomen outlive menstudent loan repayment estimatorSuze changed my lifedebt freeno life insurance financially irresponsiblebetter termsCD'smax employee matchdream schoolemployer offered life insuranceburn outcredit reportsmall changes high premiumssame-sex marriagemax benefit coveredbig results Motheris it necessaryHolidaypremiumPrime Rate Rise 2015earn allowancelong term careFICO at least 720switch to spouse coverageloan is giftcut monthly cellular billshort term goal purely financial standpointinsurancecostly insurance mistakeCNBCpercentage men widowed 75-84taxesCombo Insurance Productsreduce monthly paymentlower overall drug costBill and Pennywrite new goalfinancial aid19 years cash flow problemmoney vowsconsider roth 401(k)Holiday Seasonfinancing car Washingtoncostly legal verify retirement plan with HR or plan sponsorGraceworst financial mistakebest loan deal 20% down paymentGifts20 to 25 times annual incomeAuto Savings balance transfer BankMoney MarketSuze Orman's Money Wars15-year refinance dealcredit managementitemized deductiontitle insurancedear suzePersonal Financesecure creditcut monthly cable billsame sex marriage band end Floridabuy homeno interestno waiting periodrefinanceis it true? stretch out haircut appointmentsdental discount planreal estate marketFiscal Responsibilitynew carschedule vacation2016 adjust estimated taxLifestyleMarlo ThomasStudent Debt Crisishome loan credit score below 740 Suze Orman Scholarshiphome buying seasonone annual feezero rate transfer dealsYoung Adult summer job match income do not pay allowance for good behaviordon't extend mortgage juggle multiple financial goalsapproved medical 100% tax-freeIRA contribution gifted moneydepreciating asset full retirement agesidelinedHDHP/HSAmonthly benefit How To Build Creditcan you afford itlow credit scoreInfluential CelebrityAdequate Auto and Home InsuranceSuze Ormanadult childrenoverspend on nights outpercentage of women widowed 75-84take actiondon't do five year car loanhigh deductible health care planpowerfulescrowForeclosureteach importance of helping othersquick closingraise insurance deductibleForbesterm insuranceGoodbyecollege graduateunder 18 financial giftFinancial Power of Attorneyloved ones dependent on incomestudentSchool of Social WorkFixed Rate Mortgageprovider of financial supportpaid in fullkid borrow firstInvest for savings growthlow mileage discountInflation Benefitprotect dependent ritual scheduleno negativitygraduationNew american Dream emergency fund savingsCredit scoreemployer funding HSAmarriage inequalitymanage student loansWilladvice for college graduatesUniversity of IllinoisLong Term Care Insurance january billsloan big picture maintain standard of livingrequired disclosureno apologyrepay student loanslong-term care US Tax Codecnbc alarm clockPhyllis Shelton expert long-term careGay Rightsdon't ignore open enrollmentbetter loan ratesaffordable premium401(k) Contributionsno late fee strained relationshiprequire chore in exchange for allowanceultimate compounding gift2016 adjust withholdingAmericans don't use all paid vacation timeSwap Older Annuities or Life Insurance budgetnon conventional routecomparison shoppinghealthy yousuccessLong Term Care premiumsHDHP's are good for yousocial securityMoney-Savingpublic service loan forgiveness programETF'searn more on savingslong-term care premiumsonly offered while employed rising home pricesFICO Scoreraising mortgage rates 15 year mortgageHeart50 over 50pay more than minimumsavingsFree Debt Eliminatorsavings pleasuredeath benefit 20 to 25 times annual incomeLong Term Care shoppingBankruptcyPost-Divorceleave a legacypresident Obamacar loanOne Wallet At A Timeunexpected expensehealthy aging replace permanent life insurance with termstudent loan debtFinancial Awarenesslive below your meansfamily save at least $100 monthlyMoneydon't buy wantsinitial tax break negotiate points with bank or sellerhighest possible benefitSandy Hook Elementary SchoolSelectQuote.comget the most out of social security Commencement6 month waiting periodhigh credit score discountresponsibleage appropriate chore3 step financial road mapStock Investmentsfour steps to retirement savings financial goal phrasepush yourself to save more for retirementpermanent life insuranceclosing feesPay Off Debt Before RetirementFunds


View Blog & News List
People First. Then Money. Then Things.
Connect with me on Facebook Connect with me on YouTube Connect with me on Twitter
© 2017 Suze Orman Media Inc. All rights reserved.
 
 |  Search  |  Sitemap  |  Privacy  |  Terms
Sign Up For E-mail Offers
Open Panel
Close Panel