The call today with Suze was so informative! It was hosted with Suze as part of her new role with Avon as their personal finance advisor to Avon representatives! Avon will be airing “Success Without Limits” on Saturday @ 6:30p on the Oxygen channel where representatives will share their financial success with the company.
I was in line to get my questions answered as several bloggers were on the call. So, I asked this question from Jen:
Would you recommend using a Universal Life Insurance plan to save for your children’s college?
Um, Jen, let me just say that Suze said HEAK NO! She explained that a 529 is the best option for saving for kiddos’ college. And, then only to do this if you are not in debt personally. Let me just tell you, that question riled her up alright. I was cracking up – she was just like she is on TV – blunt, honest, and authentic! Gotta love that!
The other thing we found out (and I ABSOLUTELY love) is that she answers reader questions HERSELF via twitter. She is @SuzeOrmanShow. I’m sorry, but she is a celebrity and to take her personal time to do this says a LOT about the person she is! “Girlfriends” she IS authentic and cares about helping people!
There were several good questions asked and I couldn’t get any others in. One personal question I had, and someone else asked, was what to do if you have debt to pay and no real established emergency fund. Her response: get the 8-month emergency fund built up and then work on debt (by the way, it’s now 8 months given the economy, not 6 months). Her rationale is that while she advocated using credit cards as an emergency fund in the past, those credit card companies are no longer being generous with credit if you pay them down/off. So, to be safe (and not go into further debt) have that emergency fund established.
If you want to see the chat going on during the call, you can see it all on twitter. Go to tweetchat.com and use hash tag #suze. You will see all of the tweeted questions/responses and discussion during the call.
An added, exciting bonus for us after the call was Suze offered us and OUR READERS a FREE download to her Will & Trust Kit that is valued at $2,500! That’s right – it’s FREE! To get your FREE Kit:
:: Visit Suze Orman.com
:: Click the “Will & Trust Kit” link on the left hand side
:: Click the orange “Gift Code” button on the lower right corner
:: Enter the code “Moms Rule“
:: Write down your activation code for future reference to the Wills & Trust Kit
This will be available for FREE until Saturday, April 25 @ NOON Midnight now. This is extremely generous! I plan on using that kit myself! Enjoy! I hope you will check out the twitter discussion because there was so much discussed that was incredibly valuable that I can’t even begin to type it all up!
And, stay tuned! I’ll have a cool giveaway courtesy of Suze in a few weeks!
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Thanks for this post! I wish had I gotten in on that call. I love Suze!
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Thanks so much. I just did this, but I didn’t activate it yet…I’ll do that when I have more time…hubby’s on his way home. Thanks again:)
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You’re right this is an extremely generous offer. I love Suze Orman. She is easy to understand and gives great advice. I trust her. I am posting this offer on my blog and linking it back to you.
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Thank you so much! This has been on our to do list for 2009- no more excuses!
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Thank you! Thank you! Thank you! I am about 8 months overdue getting this done. I am hoping this will help me get started. (Right after vacation). Don’t worry I used the code already. :)
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Thank you so much for asking my question! I’ve known for a long time that I need to change the way we save for college–I just have to do it! We already have the 529 program set up, so I just need to act, and this conversation is prompting me to do so!
I love the Will kit and just signed up–awesome! Another thing I’ve been putting off!
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It was a powerful call for sure! The 8-mo emergency fund really hit home – gotta get that moving for sure.
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I just found this while browsing the Doug Stephan site — Wow — I’ll be pulling this up today
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You are the BEST!!! This is fantastic! Our family will benefit greatly from this. Thanks a million.
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Thank you so much for this. Like an above poster, this has been on our to-do list for 8 months! My husband is a seminarian unable to work and I’m a stay at home mom. You have no idea what a big difference $13 makes!
Peace to you!
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Thank you so much for sharing this information, Andrea! Wills are on our financial “to-do” list for this Spring, and this will certainly make it easier. Thanks to Suze Orman for her generosity!
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great information. thanks. will complete within next few days.
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Thank you so much!! My husband and I both have put this off long enough. We both set up an account and will be using the service.
Thanks to Suze too for being so generous!!!
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Oh no! — this must have been a deadline of 12 midnight _Eastern_ time zone. It’s 11:20pm Central time and Suze’s site won’t accept the “Moms Rule” code. Any chance of an extension? Thanks.
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I am so bummed I missed the giveaway from Suze! I wasn’t online over the weekend, so I missed out. Sounds like a great offer for you all, though!
It is wonderful that Suze was so generous with her time and resources!
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This is a great recap! Don’t forget to remind your readers that there are more recaps and information about the Suze call at http://www.travelingmom.com/blogger/suze-orman-answers-your-questions-about-women-business/ . Thanks for linking up!
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mommysnacks Reply:
April 28th, 2009 at 4:00 pm
Melanie – thanks for leaving that link too!!! I’ve been so behind lately that I never got it in there :)
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