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The collapse of major financial institutions and historic drop in the stock market have left many wondering if the economy is going to get worse before it gets better. Though no one knows which direction the market will swing from one day to the next, Suze is sure of one thing—honesty is the answer.

"If the other corporations, the other banks, the other brokerage firms are just willing to be honest with what's behind the curtain, this will end sooner than later," she says. "If everybody is still trying to rob Peter to pay Paul and wants to continue to live a life of deceit and lies, this will get worse before it gets better, and it will continue."

From this moment forward, Suze says every penny you spend should be a penny you can afford. "If you can live an individually honest life, change can happen from the bottom up," she says.

Though the financial future may look bleak for some, Suze says this is the opportunity of a lifetime for people with cash to spend. "A fortune is going to be made over the next few years from all these stocks that went from 100 to 10, 90 to 0," she says. "But you can't take advantage of it unless you have cash, and you don't have cash if you have credit card debt and a house that you can't afford."

Get an update about the U.S. Treasury Department's Money Market Mutual Fund guarantee.

Recession-proof your life with more advice from Suze Orman.

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FROM: Recession-Proof Your Family with Suze Orman
Published on September 25, 2008
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.


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