Suze Orman - Step 4: Being responsible to those you love

Step 4: Being responsible to those you love

This section is a detailed overview of what I would describe as “disaster planning;” in other words, insurance, wills, and trusts. The general point is that you should focus first on the people that are truly important to you and make sure that insurance and wills and such are set up so that if something happens to you, everything is taken care of in the way you truly want. The argument is that this allows you to feel much more confident about your place in the world.

The chapter is a pretty solid overview of the world of insurance and estate planning. Suze repeatedly encourages people to contact an expert for handling these things and not to trust her book, which is something I really appreciate. You should never trust a book to give you all of the answers when it comes to areas of the law that you don’t fully understand.

She makes very strong cases for revocable living trusts, long term care and disability insurance, and a large dollop of life insurance, all of which would only be triggered in the event of a major crisis. Some people would likely shrug their shoulders at this, but I think the point for her is that it is psychologically healthy to be able to look at the people you care for and know that if something disastrous were to happen to you, they would not be destitute. This is a great attitude if you can afford it.
Suze Orman Make Spending Decisions Audio Book 1.0 MB (Rapidshare)
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Suze Orman Financial Responsibilities Audio Book 1.0 MB (Rapidshare)
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Suze Orman Wills and Trusts Audio Book 1.7 MB (Rapidshare)
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Suze Orman Buy A Life Insurance Audio Book 1.5 MB (Rapidshare)
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