Suze Orman, Women & Money Podcast | Coupa Insp!re19
Channel: SiliconANGLE theCUBE
Date: 2019-06-26

Suze Orman, Host, Women & Money Podcast talks with Lisa Martin at Coupa Inspire 2019 in Las Vegas NV

#theCUBE #CoupaInspire #WomenInTech @siliconangle 

https://siliconangle.com/2019/06/28/demystifying-money-women-tech-suze-orman-shares-simple-powerful-tips-coupainspire-womenintech/

Demystifying money for women in tech, Suze Orman shares simple but powerful tips

Women are often forced to keep a hectic schedule. Especially when they juggle the demands of a high-paced job in tech with the needs of a family. Financial planning often takes a back seat when client meetings and deadlines segue into carpool, grocery shopping, and making sure the cat goes to the vet.

But being powerful means being in some sort of control of all aspects of your life; including your financial health.

“[As] women, we have to put ourselves in a position where we’re powerful with our own money,” said Suze Orman (pictured), author, motivational speaker, and television host of “Suze Orman’s Financial Essentials” on the QVC network.

Orman spoke with Lisa Martin, host of theCUBE, SiliconANGLE Media’s mobile livestreaming studio, during the Coupa Inspire event this week in Las Vegas. They discussed financial strategy and why it is so important for women to take control of their financial power (see the full interview with transcript here). (* Disclosure below.)

This week, theCUBE spotlights Suze Orman in our Women in Tech feature.

Loss can lead to gain
Orman’s path to success was neither straight nor fast. As she approached her 30th birthday, she was working as a waitress in a California bakery earning just $400 a week. Her lucky break seemed to come when she shared her dream of owning her own restaurant. Several of her customers started a fund, and soon she had $50,000 in her savings account.

But she never opened that restaurant. Unethical management by a professional financial planner led to her losing her entire nest-egg and set her on the path to becoming a financial adviser herself.

“Sometimes loss is the key that leads you to gain,” Orman is quoted as saying. “When you lose something in your life, stop thinking it’s a loss for you. It is a gift you have been given so you can get on the right path to where you are meant to go, not to where you think you should have gone.”

Orman’s personal net worth now sits somewhere in the tens of millions, giving credence that her financial advice pays dividends. But although she could afford to retire and is at an age when many people choose to sit back and take it easy, Orman shows no sign of slowing down. She has always been an advocate for women’s financial freedom, and her weekly podcast “Women and Money” offers information to help women achieve their monetary goals. As well as constantly adding to her own body of work, she regularly speaks at events such as Coupa Inspire. Orman is an adviser on the women’s empowerment platform Mogul and a champion of LGBT rights.

Orman has made the Forbes Top 10 list of Influential Celebrities, was named one of Time Magazine’s 100 Most Influential People two years running, is an eight-time Alliance for Women in Media Gracie Award winner, and has received numerous other awards for her contributions to financial self-empowerment.

Making the magic happen
“Money is not complicated. It really is not,” Orman said. Instead of keeping silent for fear of appearing ignorant, women should speak up and ask questions about money management. “You have got to trust yourself more than you trust others. You really have to say, ‘I don’t get it,’” Orman stated. “Men are financial fakers,” she added, giving lie to the assumption that men understand finance better than women.

“How do you advise us to find that inner voice, to find that power to ask for the better job, the promotion, the better opportunities?” Martin asked.

The first step is to free yourself from the idea that you need the job, according to Orman. To do this, you need to be financially secure. “I always say, [have] an eight-month emergency fund. Don’t have any debt. Put yourself in a situation that if anything were to happen, you get sick, you’re in a car accident and you can’t work, that it’s OK,” she said.

Having the ability to walk away gives you the upper hand. “When you’re powerful, and you don’t need that pay raise, you don’t need that job promotion, you want it, but you don’t need it, you’ll get it because they need you,” Orman said. “When you make somebody dependent upon you, you become valuable to them. And if they don’t value you, then get out of there. When you come from that place, then magic starts to happen.”

...