Wednesday, September 30, 2015
Losing a loved one is hard and lonely
If you lose a spouse or a loved one, you'll get lonely. You'll want to see your kids more. You really have to understand the loneliness factor.
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, September 28, 2015
Ask the right retirement questions
How much do I need to retire is a stupid question. The real question is, 'What is the best way I can save for my retirement?'
Own your own home. Get rid of your debt. Live below your means but within your needs.
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.
Own your own home. Get rid of your debt. Live below your means but within your needs.
Compound interest and investing
When you invest money and your money earns money, and that money starts to earn money, it compounds like a snowball down a hill," said Orman. "It's a financial snowball effect."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, September 14, 2015
Women need to be strong and take charge of their MONEY and Finances
Women have been thrust into an entirely new relationship with money that is profoundly different from anything we have ever encountered before. The shifting roles of women at home and at work have dramatically changed where and how money interacts with a woman's life.
Becoming truly powerful in a lasting, beneficial way is never done at the expense of others; it is done for the good of all.
Women are the bedrock of their families, of their communities -- so many are dependent on us. If we stand strong and know who we are and what we can create, we will easily be able to hold up those we love and those who need a helping hand.
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.
Becoming truly powerful in a lasting, beneficial way is never done at the expense of others; it is done for the good of all.
Women are the bedrock of their families, of their communities -- so many are dependent on us. If we stand strong and know who we are and what we can create, we will easily be able to hold up those we love and those who need a helping hand.
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, August 24, 2015
Suze Orman praises Jillian Michaels and the power of mentoring
A true powerhouse such as Jillian Michaels does not really need to be mentored — she just needed a sounding board for her already great ideas. Her problem was too many great ideas all going in different directions.
Jillian also needed to understand one key fact: Let others think what they want; they are going to think that anyway. People love to build you up — and then once you get to the top, they love to tear you down.
In business, not everyone you work with does things for the right reasons. When you are a person like Jillian who does things out of integrity, it hurts when you are bitten in the back by others.
Jillian is tough; I am tough, but it all comes from a soft place known as the heart. At times, Jillian was portrayed as a lot meaner and tougher than she really is. That would bother her. Jillian needed to get tougher in those areas. She needed to define herself and not let others define her. As soon as she got that, she was on her way — and still is.
In mentoring it is not enough to look successful on the outside — your success has to bring you peace on the inside. You can't teach others to be financially free if you yourself have not done so. One’s rise from a seemingly hopeless situation gives others hope. As long as others have hope when they see you, then you have done your job. And as long as you do what is right instead of doing what is easy, you never have to care what others think. Remember: the elephant keeps walking as the dogs keep barking.
The key to being a good mentor is to help people become more of who they already are — not to make them more like you.
As for me, my mentors have been people who I would never want to be like. They may have big personas, but who they are on the big screen is not who they are in real life. I always wanted to be the same both on- and off-screen.
Everyone in life can be your mentor whether they know it or not.
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.
Jillian also needed to understand one key fact: Let others think what they want; they are going to think that anyway. People love to build you up — and then once you get to the top, they love to tear you down.
In business, not everyone you work with does things for the right reasons. When you are a person like Jillian who does things out of integrity, it hurts when you are bitten in the back by others.
Jillian is tough; I am tough, but it all comes from a soft place known as the heart. At times, Jillian was portrayed as a lot meaner and tougher than she really is. That would bother her. Jillian needed to get tougher in those areas. She needed to define herself and not let others define her. As soon as she got that, she was on her way — and still is.
In mentoring it is not enough to look successful on the outside — your success has to bring you peace on the inside. You can't teach others to be financially free if you yourself have not done so. One’s rise from a seemingly hopeless situation gives others hope. As long as others have hope when they see you, then you have done your job. And as long as you do what is right instead of doing what is easy, you never have to care what others think. Remember: the elephant keeps walking as the dogs keep barking.
The key to being a good mentor is to help people become more of who they already are — not to make them more like you.
As for me, my mentors have been people who I would never want to be like. They may have big personas, but who they are on the big screen is not who they are in real life. I always wanted to be the same both on- and off-screen.
Everyone in life can be your mentor whether they know it or not.
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.
Tuesday, August 18, 2015
The key to success is to do just one thing well
Too many people try to be great at a lot of stuff. The key to success? Do what you do better than anyone else can possibly do it. Then just do that ONE thing. Whatever you do has to relate to just that ONE thing.
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.
Tuesday, June 30, 2015
Suze Orman mom blamed herself for her daughter orientation
Finally. No more “gay “marriage. The Supreme Court’s momentous ruling makes that odd clarifier unnecessary, as the sexual orientation of a couple that chooses to marry has no bearing on their legal and financial rights.
What a triumph for us all. And I do mean all, not just those of us who happen to be gay.
I can’t stop thinking about my dear mother Ann, who died in 2012 at the age of 97. I have no doubt my mother loved me. And it was a gift that as she aged, I — along with my wife, KT — was able to help her live with grace and dignity. We moved to Florida in 2009 from San Francisco in large part to be closer to her and other family members.
But there was always an unspoken chasm between us. While it was abundantly clear to her how happy and fulfilled I was from the day I met KT, she never was able to fully embrace our relationship. For the simple reason that to her death, my mother on some level blamed herself that I “ended up” gay. She was convinced she had failed me in some way.
As personal as that lifelong disconnect was, I know it is one that is all too common for many gay families. Love, with an asterisk.
If my mother were alive today, I imagine the Supreme Court’s decision would have been a great gift for her. It would have given her resounding outside validation that we are all — and again, I do mean all — equal under the law. That’s not some magical thinking borne of my desire for my mother to accept me for me. What was always hurtful to me was that she was so unaccepting of herself; her judging her failure as a parent because I was gay.
No amount of my personal success and happiness could convince her that I was no different than my (straight) brothers. But the Supreme Court’s validation of gay marriage just might have given her the space to accept that there was nothing wrong, or different, about me, and thus nothing she ever should have blamed herself for.
There is much to celebrate in the Supreme Court’s decision. For all the parents who love their gay child, but like my mother have struggled to fully embrace that reality, I hope the Supreme Court’s decision finally gives you some peace of mind. We are all equal. Our highest court says so. You can stop judging yourself, and just get down to the business of loving yourself, and your children, unequivocally.
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.
What a triumph for us all. And I do mean all, not just those of us who happen to be gay.
I can’t stop thinking about my dear mother Ann, who died in 2012 at the age of 97. I have no doubt my mother loved me. And it was a gift that as she aged, I — along with my wife, KT — was able to help her live with grace and dignity. We moved to Florida in 2009 from San Francisco in large part to be closer to her and other family members.
But there was always an unspoken chasm between us. While it was abundantly clear to her how happy and fulfilled I was from the day I met KT, she never was able to fully embrace our relationship. For the simple reason that to her death, my mother on some level blamed herself that I “ended up” gay. She was convinced she had failed me in some way.
If my mother were alive today, I imagine the Supreme Court’s decision would have been a great gift for her. It would have given her resounding outside validation that we are all — and again, I do mean all — equal under the law. That’s not some magical thinking borne of my desire for my mother to accept me for me. What was always hurtful to me was that she was so unaccepting of herself; her judging her failure as a parent because I was gay.
No amount of my personal success and happiness could convince her that I was no different than my (straight) brothers. But the Supreme Court’s validation of gay marriage just might have given her the space to accept that there was nothing wrong, or different, about me, and thus nothing she ever should have blamed herself for.
There is much to celebrate in the Supreme Court’s decision. For all the parents who love their gay child, but like my mother have struggled to fully embrace that reality, I hope the Supreme Court’s decision finally gives you some peace of mind. We are all equal. Our highest court says so. You can stop judging yourself, and just get down to the business of loving yourself, and your children, unequivocally.
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, June 15, 2015
Suze Orman tips for college students
Forget all the commencement speeches about your dreaming big, not compromising, and following your passion. That’s all terrific advice, but not nearly as important as the nuts and bolts of four make-or-break financial moves every college grad needs to make ASAP:
- Get On Top of Your Student Loans. Yes, you have a six-month grace period before repayment of federal loans must begin. Don’t you dare wait five months and three weeks before focusing on this. Screw up on repayment is one of the most damaging mistakes you can ever make, and it becomes both hard and expensive to get on track if you fall behind.
- Make Sure You Have Health Insurance. If you haven’t yet started a job with benefits, or you’re taking a gap year, please don’t go naked here. Yes, the odds are low you might get sick, but insurance is about protecting yourself from the big “what ifs.” Besides, it’s not just about illness; any type of injury can set you back, from a broken bone to a torn ACL. If your parents have health insurance from an employer they should be able to carry you on that policy until you are 26, for a cost. Ask them to find out the cost, then compare it to what you can purchase for yourself (Go to healthcare.gov). If you and your parents decide it’s best to go with their plan, and you have a paying job, you should pay your share of their premium, or at the very least contribute. You’re their kid, but you are also an adult now.
- Get a Credit Card…if You Don’t Already Have One. As much as I applaud using just a debit card-paying as you go, rather than being tempted to overspend with a credit card-it still is important to have a credit card as well. The goal is to use it just a few times each month-for small purchases. And then pay your bill, in full, each month. Doing that is going to go a long way in establishing a solid credit score.
- Automate Savings ASAP. Okay, you know how I feel about the emergency fund. And you know how I feel about saving for retirement. Both are non-negotiable Must Do’s-and the sooner the smarter. I respect you may not have a big income just yet. But please listen to me: that’s not an excuse for doing nothing. You need to do something-save something-every month.
- Emergency Savings: Set up an automatic monthly transfer (it should be free) from your checking account into a separate savings account. How much? Well, how much feels right? Then add 10% to that number. That’s my challenge. Just try it for six months. I think you will surprise yourself at how doable it is, and how powerful it feels to start building an emergency savings account.
- Retirement Savings:If you are offered a workplace retirement plan that comes with a company matching contribution, you better grab it. Be sure to confirm that you are contributing enough to qualify for the maximum match from your boss. It’s sad, but many companies set the “default” contribution rate for new employees at such a low level that the employee doesn’t get all the matching contribution they are entitled to. Don’t make that mistake!
- If you don’t have a retirement plan through work, or the plan doesn’t offer a match, the best first-step for new grads is to start saving via a Roth IRA. Again, you can set up a monthly transfer from a checking account into a Roth IRA investment account. Some discount brokerages, such as TDAmeritrade don’t have a high minimum initial investment, so you can get started transferring say $100 or so a month into a Roth IRA.
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.
- Get On Top of Your Student Loans. Yes, you have a six-month grace period before repayment of federal loans must begin. Don’t you dare wait five months and three weeks before focusing on this. Screw up on repayment is one of the most damaging mistakes you can ever make, and it becomes both hard and expensive to get on track if you fall behind.
- Make Sure You Have Health Insurance. If you haven’t yet started a job with benefits, or you’re taking a gap year, please don’t go naked here. Yes, the odds are low you might get sick, but insurance is about protecting yourself from the big “what ifs.” Besides, it’s not just about illness; any type of injury can set you back, from a broken bone to a torn ACL. If your parents have health insurance from an employer they should be able to carry you on that policy until you are 26, for a cost. Ask them to find out the cost, then compare it to what you can purchase for yourself (Go to healthcare.gov). If you and your parents decide it’s best to go with their plan, and you have a paying job, you should pay your share of their premium, or at the very least contribute. You’re their kid, but you are also an adult now.
- Get a Credit Card…if You Don’t Already Have One. As much as I applaud using just a debit card-paying as you go, rather than being tempted to overspend with a credit card-it still is important to have a credit card as well. The goal is to use it just a few times each month-for small purchases. And then pay your bill, in full, each month. Doing that is going to go a long way in establishing a solid credit score.
- Automate Savings ASAP. Okay, you know how I feel about the emergency fund. And you know how I feel about saving for retirement. Both are non-negotiable Must Do’s-and the sooner the smarter. I respect you may not have a big income just yet. But please listen to me: that’s not an excuse for doing nothing. You need to do something-save something-every month.
- Emergency Savings: Set up an automatic monthly transfer (it should be free) from your checking account into a separate savings account. How much? Well, how much feels right? Then add 10% to that number. That’s my challenge. Just try it for six months. I think you will surprise yourself at how doable it is, and how powerful it feels to start building an emergency savings account.
- Retirement Savings:If you are offered a workplace retirement plan that comes with a company matching contribution, you better grab it. Be sure to confirm that you are contributing enough to qualify for the maximum match from your boss. It’s sad, but many companies set the “default” contribution rate for new employees at such a low level that the employee doesn’t get all the matching contribution they are entitled to. Don’t make that mistake!
- If you don’t have a retirement plan through work, or the plan doesn’t offer a match, the best first-step for new grads is to start saving via a Roth IRA. Again, you can set up a monthly transfer from a checking account into a Roth IRA investment account. Some discount brokerages, such as TDAmeritrade don’t have a high minimum initial investment, so you can get started transferring say $100 or so a month into a Roth IRA.
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.
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