Monday, March 28, 2016

Buying gifts: Cash vs Credit Card

Challenge yourself not to buy any gift with a credit card. When you're limited to cash or a debit card, you're much more likely to purchase only what you can afford



Suze Orman is a award winning certified financial planner and author of several books including 'The Road to Wealth'. She went from being a waitress at age 30, making $400 a month, to now having her own TV show and a net worth of $30 million dollars.

Monday, March 21, 2016

Suze Orman sells NYC condo for $4 million

The Plaza Hotel and Suze Orman From the New York website: TV host, author and personal finance guru Suze Orman took a break from talking personal finance to take care of a bit of her own.

Orman sold her one-bedroom, 1,279-square-foot condominium unit at the Plaza Hotel on Central Park South for $4 million, Curbed reported. The asking price for the furnished unit – which features a chef’s kitchen, marble walls and bathrooms and smart lighting – was $3.995 million, reduced from $4.5 million in September.



Suze Orman is a award winning certified financial planner and author of several books including 'The Road to Wealth'. She went from being a waitress at age 30, making $400 a month, to now having her own TV show and a net worth of $30 million dollars.

Monday, March 14, 2016

Invest in yourself first

The best investment is you! If you have any credit card debt, car loan debt, student loan debt, that should all be paid off before you make an investment. It goes without saying, however, if you work for an employer that has a 401K that matches, that is the best place to put your money. 



Suze Orman is a award winning certified financial planner and author of several books including 'The Road to Wealth'. She went from being a waitress at age 30, making $400 a month, to now having her own TV show and a net worth of $30 million dollars.

Monday, March 7, 2016

Moving to new place with a lower cost of living

Question:  I am 59 years old and am a widow. I am presently unemployed. My husband did not have a pension. I have no mortgage but am lacking an income. Should I take my husbands Social Security at a reduced rate when I turn age 60? I have a small pension but would make no sense to take that too early. I have some stock and receive dividends. What is your advice for me? I have been trying to get a job for over a year now with no luck. I have no medical insurance and am too young for Medicare.


Orman, Suze: If your social security (when you turn full retirement age) is larger than his reduced amount now, then I would take his reduced amount now to help you get by. When you turn 66 or 67, switch to yours. if you're really struggling that much, you might want to consider selling your home and moving some place where you can afford to buy something that's far less than where you're living now -- where you would be able to afford making your payments and getting health insurance. 



Suze Orman is a award winning certified financial planner and author of several books including 'The Road to Wealth'. She went from being a waitress at age 30, making $400 a month, to now having her own TV show and a net worth of $30 million dollars.