How can I run old Windows programs on my Mac?

Episode 1732 (1:30:50)

Sarafine from Studio City, CA
VMWare Software

Sarafine has a MacBook Air and two old PCs with unique programs on them that she uses. How can she consolidate them? She doesn't have installation discs. Leo says that Virtualization could work and have Sarafine can then eliminate both those old PCs. VMWare or Parallels is what Leo recommends. It will then enable Sarafine to run Windows virtually and access the data from the Cloud or an external hard drive. That way she won't have to worry about those old PCs dying on her. She can create a drive image of the hard drives and then open that image within Virtual Machine. 

Here's how.