"I'll go on record saying this, if she [Elizabeth Warren] would run for president, against anybody...including Hillary Clinton. I would vote for her (Elizabeth Warren) hands down. She is the real deal. I think that woman- I couldn't have enough good things to say about Elizabeth Warren.
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.
Starting July 1, 2014, Suze Orman and Magic Johnson’s Approved card, a prepaid debit card aimed at budget-challenged consumers, will no longer work, according to a letter from Bancorp Bank, her partner on the product.
Bancorp is encouraging cardholders to spend all the money on their cards before that date. After that, it will send checks to people for any remaining balances. It is unclear exactly why Ms. Orman’s venture is ending.
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.
Q. How do I explain to my 24-year-old son that I cannot co-sign a car loan, and it’s not a personal issue, but a monetary issue? I am tired of hearing his, ‘You don’t want to help me, Mom!”
A. You have to tell your son that you don’t want to sign, not that you can’t. I couldn't be more against the idea of co-signing a loan because when you do, you become the one responsible for that loan. Most of the time when you are asked to co-sign, it’s because the other person can’t qualify on their own. If they can’t qualify on their own, you’re going to get stuck.
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.
Q. We’re expecting our first child this fall. How do we start planning a budget for our bigger family, while still paying off debt and the possibility of one of us not returning to work once the baby is born?
A. Let’s play baby. The average cost of having a baby today is about $1,300 a month. So let’s pretend you have already had a baby to see if you can afford to quit your job. Take 100 percent of the mom's salary and put it in the bank. Then take $1,300-$1,500 a month from the dad's salary and put that in the bank. If you can make it on what's left over from the father's salary, you know you can afford a baby without the mom having to return to work.
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.
Q. We have one son in college, another about to go to school and a third hoping to attend law school. We also have an 80-year-old parent living with us. What is our financial obligation to our family members, especially while we’re both already working multiple jobs?
A. Why do you feel that you need to be obligated to pay for your children? We make it when we have to do it on our own. As far as your father goes, it’s an honor to take care of your parents, but kids? This isn’t about desire to help, it's about guilt. Say ‘no’ out of of love for yourself, versus ‘yes’ out of fear that they won’t love you.
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.
Q. I’m getting married in a couple of months. What is the best way to combine our accounts and credit cards without hurting our credit score?
A. Combining your savings isn’t what’s going to hurt your credit score. What hurts your credit score is if you pay your bills late or if you spend too much on credit in comparison to what you have. The best way to save your FICO score is to pay your bills on time, don’t charge those credit cards and don’t worry about the rest in terms of savings. The real question is: Do you have a prenup? You should get a prenup when you're in a state of love, not when you're in a state of hate.
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.
Q. My husband and I just bought a home and still have car and student loan payments. We want to start a college fund for my son, but should we wait until our student loans are paid off to start doing so?
A. Student loans are not dischargeable in bankruptcy, so I would not be starting right now until the student loans are under control.
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.
