Step 1 - The last key to your financial future: This is very successful for Orman as the situation we find today is the result of the decisions we make in the past, so if we want to have healthy finances is important evaluate the experiences of the past in relation to money to make better decisions that result in a better economic situation in the short term. But this is not sufficient to achieve financial freedom, you can think of your past all you want, but you need more than memories to clean up your finances.
Step 2 - Face your fears and make new truths: The second chapter of the book "9 Steps to Financial Freedom" has a similar approach at first because they both have a psychological application. Positive thinking is very good, but again, not get you anywhere without a plan of action.
Step 3 - Be honest with yourself: Definitely Orman is quite right in this step. People, who are denying their true financial position rather than fix it, will dive more into debt to fake their status. Orman suggests keeping track of everything you spend for them to see clearly that in most cases we spend on useless things.
Step 4 - Be responsible with your loved ones: In the fourth chapter of the "9 Steps to Financial Freedom," Orman talks about how to care for your loved ones if something were to happen. The only problem is if you really are in financial trouble, most people do not have anything to leave their families anyway. This is a very important step, but I do not think should be number 4 on the list.
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Step 5 - Be respectful of yourself and your money: This step is basically about how to organize your finances, pay your debt, and invest wisely. To me, this is one of the strongest steps to be taken to achieve financial freedom, and that means taking action and do something to change your current situation.
Step 6 - Trust yourself more than others: Orman talks about how you have to trust yourself more than others, and maximum when it comes to investing, says it is very necessary to act on that instinct. But in that same chapter Orman mentioned that in addition to his instinct people should seek a financial adviser. I agree that it is important to have a good feeling about something, but I also think it's important to get a second opinion and advice before making important decisions.
Step 7 - Be open to receive all supposed to have: The focus here is that money does not bring you true happiness, but happiness can bring financial benefits. Also encouraged give money to achieve such a precious freedom. In my opinion, this should not be on your list of 9 steps to financial freedom. I agree that money does not bring true happiness and that is rewarding to give to others, but I do not see how this can lead to financial freedom. We can definitely give what we have, but should not be part of a strategy to achieve financial freedom.
Step 8 - Understanding the cash flow cycle: Orman The main point is trying to show here is that we have to learn that good can come from bad times we had, so we have to get the most out of it. This is as important as a life lesson, but again, I'm not sure that will help you achieve financial freedom. However, it is important to see the opportunities behind the bad times because the same situation could not pass up the opportunity of a lifetime.
Step 9 - Identify the true wealth: The last of the "9 Steps to Financial Freedom" is about knows what is truly valuable in life and that money is not what really makes you rich. So many people lose sight of what is really important. This is a great way to think about your journey to financial freedom, because financial freedom is not to be a millionaire, but rest assured to have a permanent income to meet their needs without having a boss time and hinder you in your life.
In short, according to Orman in her book "9 Steps to Financial Freedom" are essential steps to achieve financial freedom, but in my opinion, you work if you are looking for a psychological approach to help you change your thinking before your financial problems, however, if you're looking for solid advice to be financially free, this book is probably not what you're looking for.
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