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 28, 2016
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.
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.
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.
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.
Monday, February 29, 2016
Fear and panic can cause you to make bad money decisions
Question: I am taking early retirement next year because it is a defined benefit and I am concerned the company might change it to a 401k. My plan is more than others at the company because it has a cost-of-living increase. I have no credit card debt, only five years left to pay off my mortgage. I am scared [that] it's not enough, but I know i can get by. I also have the opportunity to work for other companies, just not as much income, but a friendlier and honest environment. Is my plan for no debt and happy life worth it?
Suze Orman: How do you have a happy life if you quit and you're scared to death?! When operating from fear, you will ALWAYS make financial mistakes! Are you sure if they take the defined benefit away next year that you'll lose it? I don't think so! They're not going to just give it to new employees. Check it out more carefully, but as long as you're afraid to do something, it's better to do nothing than something that scares you.
Suze Orman: How do you have a happy life if you quit and you're scared to death?! When operating from fear, you will ALWAYS make financial mistakes! Are you sure if they take the defined benefit away next year that you'll lose it? I don't think so! They're not going to just give it to new employees. Check it out more carefully, but as long as you're afraid to do something, it's better to do nothing than something that scares you.
Monday, February 22, 2016
Cut your credit cards but dont close the account
30% of your FICO score is made up of your debt to credit limit ratio, which essentially means how much you owe on all your credit cards in comparison to the credit limit that you have on all your cards. History only accounts for 10% of your FICO score.
So, closing down your credit cards is the worst thing you can possibly do! Once you've paid off a credit card, just cut it up, but don't close it down! This, of course, assumes you're not paying an annual charge for these credit cards. If you are, that's reason enough to close that credit card down. It makes no sense to keep any of your credit cards at department stores open.
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.
So, closing down your credit cards is the worst thing you can possibly do! Once you've paid off a credit card, just cut it up, but don't close it down! This, of course, assumes you're not paying an annual charge for these credit cards. If you are, that's reason enough to close that credit card down. It makes no sense to keep any of your credit cards at department stores open.
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, February 15, 2016
Zero percent balance transfer can help relieve credit card debt sometimes
I have credit card debt about $15,000. Should I pay it off by taking money out of my trust or get a loan from a bank or credit union?
Suze says: "No! Don't do any of that. Why don't you just simply do a balance transfer to a credit card at a 0% interest rate for 21 months? Really start focusing on paying it off every single month. "
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.
Suze says: "No! Don't do any of that. Why don't you just simply do a balance transfer to a credit card at a 0% interest rate for 21 months? Really start focusing on paying it off every single month. "
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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