The Suze Orman Show Season 6 Episode 30 Let's Bond!
- September 15, 2007
- 43 min
The Suze Orman Show season 6 episode 30 "Let's Bond!" is an episode about the importance of building bonds with family and friends, both emotionally and financially. Suze Orman covers a range of topics such as how to financially plan for a baby, how to handle mediating family conflicts over money, and how to prevent your children from inheriting debts after you pass away.
The first segment of the episode focuses on the financial planning process for couples who are planning to have a baby. Suze encourages viewers to start preparing for the financial responsibilities that come with having a child, such as making sure that they have adequate health insurance coverage and that they are saving money in their emergency funds. Suze also advises couples to start planning for childcare costs early on and includes tips on how to reduce expenses without sacrificing quality care.
In the next segment, Suze discusses the importance of setting boundaries and mediating family conflicts over money. She offers advice to viewers who are struggling with family members who may be abusing their generosity and recommends setting specific limits on financial gifts or loans. Suze also speaks on the importance of having open and honest communication with family members about money struggles, and emphasizes the need to set realistic expectations and boundaries when it comes to financial support.
The final segment of the episode focuses on estate planning and managing debt for those with adult children. In this segment, Suze describes the common challenge of parents leaving behind debt for their adult children and the burdens it can place on their ability to move forward with their lives. She advises viewers to prioritize paying off any debts or loans while they are still alive, rather than passing them on to their children. Suze also encourages viewers to invest in proper estate planning to ensure a smooth transfer of assets.
Throughout the episode, Suze emphasizes the importance of building strong bonds with family and friends, both emotionally and financially. She encourages viewers to have honest conversations with loved ones about finances, both to prevent conflicts and to create a healthy and supportive environment. Overall, the episode serves as a reminder of the importance of taking control of your finances, planning for the future, and working towards building strong bonds with those closest to you.