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Suze Orman says ‘You can’t solve a financial problem with money’ – here’s why
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Yes, Suze Orman is known for providing practical, straightforward financial advice, but the Podcast “Women and Money” the host believes that none of this advice will be valid until you understand the true root of your financial problems.
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Orman, who is one of GOBankingRates’ The most influential women in moneyshared what she believes every woman needs to know about money before she can improve her finances.
‘Understand the true role that money plays in your life’
Orman’s best money tip is “very, very different from anything you’ll hear anywhere else,” she told GOBankingRates. “And the tip is this: I want all of you to understand the true role that money plays in your life – that money is simply a manifestation of who you are.”
Orman believes that we have complete control of our financial situation and we have to accept this fact before we can make any changes.
“You’re the ones who have to go out and work for it,” she said. “It is you who have to decide: are you going to save, spend or invest? Money can’t do anything without you. If you drop a $20 bill while walking down the street, she can’t yell at you and say, ‘Wait, wait, come back. Catch me!'”
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Additionally, Orman said that any financial problems in our lives are likely caused by deeper issues.
“You have to understand that money is simply a physical manifestation of who you are,” she said. “If something is wrong with your money, it means something is wrong with you. Because you and your money are one.”
While it can be a tough pill to swallow, it can also allow you to truly see your situation for what it is.
“Money can teach you more about yourself than anything else,” Orman said. “And when you have a feeling that something is wrong, it probably is. And it will show up on your money – in [having] debt, in [having] no emergency funds, anyway.”
Orman believes that if you work to improve your life, your finances will improve too.
“You have to look within to see why you are going without,” she said. “That’s where you’ll find the answer, because you can never solve a financial problem with money.”
Gabrielle Olya contributed to the reporting of this article.
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This article originally appeared on GOBankingRates. with: Suze Orman says ‘You can’t solve a financial problem with money’ – here’s why