What Suze Orman Says About Personal Finance
Many of you have been wondering exactly what Suze Orman says about personal finance, so here’s the answer:
Suze doesn’t say anything all that unique. Her principles and advice are pretty similar to the advice of pretty much every financial advisor. But the big question is…
What’s Your Situation?
What Suze Orman says about personal finance is going to vary dramatically based on where you are in your life.
- Are you a starving student?
- Are you getting ready to retire?
- Did you just graduate from school and starting a career?
- Are you in bankruptcy or trying to avoid it?
- Are you having babies and looking to buy a house?
Depending on where you are in your financial life, what Suze says about personal finance is going to be totally different.
There are, however, a few key principles that she sticks to on most occasions.
Pay Yourself First
When you see the numbers associated with this, it becomes a complete no-brainer. When you get a paycheck, before you do anything, stash some of it away. Learn how to pay yourself first here.
Avoid Debt
One things that Suze Orman says about personal finance to almost everybody she meets with is to stay away from borrowing more money than you have. Americans in general like to borrow money (they do it a lot, anyway, don’t know if they actually like it, but they do it). This was a big part of the whole financial crisis, mortgage meltdown, and stock market crash of 2008.
Suze says to keep bad debt to a minimum.
Research & Responsibility
What Suze Orman says about personal finance most frequently is to take RESPONSIBILITY! You seem to be doing this now as you’re here on Invest-Your-Money-Now.com researching personal finance.
But Suze goes nutso on people that just believe what others say and neglect doing their own due diligence. The fact is that even though personal finance can be pretty confusing, there are plenty of resources available to the responsible person which can help them avoid financial ruin.
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