Credit card companies are jacking up interest rates, lowering credit limits, and closing accounts - and people who have made timely payments are not exempt. So even if you pay off your balance - and that's tough when interest rates are insanely high - there's a good chance your credit limit will be slashed, and that will hurt your FICO score.
Suze OrmanI'm in a relationship with life. My life is just out there. I'm on the road every day. I love my life.
Suze OrmanOne has to ask what is the goal of life? What is the goal of life? My interpretation of it for myself, a very wise teacher once taught me this, is to meet the needs of the people, places and the times around you and offering those services to God.
Suze OrmanTo make the most of your money, I recommend sticking with mutual funds that don't charge a commission when you buy or sell.
Suze OrmanIf the boss is a jerk, get over it. First of all, don't you think there's a good chance that your boss's boss knows what's going on? If so, just keep your head down and do the work. Usually, if you put in maximum effort and produce excellent results, someone in the company is going to take notice. Either you will get promoted or your jerky boss will get the heave-ho. It happens all the time.
Suze Orman... true financial freedom doesn't depend on how much money you have. Financial freedom is when you have power over your fears and anxieties instead of the other way around.
Suze OrmanYour goal should be to pay off your credit card bills in full at the end of each month and set aside money toward your emergency savings.
Suze OrmanIf the relationship between you and your money is harmonious, regardless of how much you have, your financial transactions will be harmonious as well.
Suze OrmanI've never believed unemployment numbers because the way that they calculate unemployment makes no sense whatsoever. It's not how many people are unemployed. It's how many people are actively looking for a job.
Suze OrmanWhat's keeping you from being rich? In most cases it's simply a lack of belief. In order to become rich, you must believe you can do it, and you must take the actions necessary to achieve your goal.
Suze OrmanYou can never solve a financial problem with money. The only way for you to have a larger net worth is for you to go within to see why you are going without.
Suze OrmanThe advantage of online banking is that you can pay bills superfast, and your account is automatically credited or debited for each deposit and payment, making it easier to stay on track.
Suze OrmanTake free money. No matter how in debt you are, if your employer offers a matching contribution on a 401(k) or other retirement vehicle, you must sign up and contribute enough to get the maximum company match each year. Think of it as a bonus.
Suze OrmanNever cosign a loan. Once you have cosigned, you cannot get out of it - even on your deathbed.
Suze OrmanNo well-planned retirement should be without long term care insurance. It is the very cornerstone of retirement security.
Suze OrmanEverybody in America started to define themselves by all these things they had around them. And all of a sudden it came tumbling down. So the old American dream has died, and that is a good thing.
Suze OrmanWhen you understand that your self-worth is not determined by your net-worth, then you'll have financial freedom
Suze OrmanMake it a priority to have at least eight months of living costs set aside in a federally insured bank or credit union account.
Suze OrmanLearn how to prioritize all your debt. And did you know student loan debt is the most dangerous debt any of us can have?
Suze OrmanWe each focus on what we're going to buy, but that's an incorrect focus. Focus instead on why you want to spend the money on this or that. What feeling in you does it satisfy?
Suze OrmanRather than saying, 'My checking account is a wreck,' change it to 'I will learn how to track my spending and balance my checkbook.'
Suze OrmanMoney doesn't bring courage, I learned. It's the other way around. Once I took that lesson to heart, I began to rebuild my life.
Suze OrmanAfter you marry, every asset either of you acquires is jointly held. That's why you both need to be in sync on your long-term financial goals, from paying off the mortgage to putting away for retirement. Ideally, you should talk about all this before you wed. If you don't, you can end up deeply frustrated and financially spent.
Suze OrmanJust because one of you earns the paycheck doesn't mean that person should lord over how the money is handled.
Suze OrmanI look around and there are needs that people have. Places have needs. These times have needs, and I have the education and the ability to communicate with it and help to solve those needs.
Suze OrmanIf you are worried about job security and do not have an adequate emergency fund (ideally eight months' worth of living expenses stashed away in a federally insured bank or credit union), you need to focus more on saving money than paying down the balance on your credit cards.
Suze OrmanIn all realms of life it takes courage to stretch your limits, express your power, and fulfill your potential... it's no different in the financial realm.
Suze OrmanAbsolutely pay off your credit card debt, because a child can always get a loan to go to school, possibly a scholarship, a grant.
Suze OrmanThose carrying a credit card balance should scale back to making the minimum payment each month so they have more money to put into savings.
Suze OrmanYou are to set your own value, communicate that value to the world, and then not settle for less. Sound daunting? That's just because it takes you out of your comfort zone. You have got to stop being an obstacle on your own path to wealth and security and happiness. You must understand that valuing yourself is well within your control.
Suze OrmanThe chances of a bank going out of business are extremely slim, but it's always a good idea to spread around major sums so every penny is backed by insurance.
Suze OrmanYou can have all the money in the world. You can be a multi-billionaire, but if you do not have your health it means nothing. Your health is the No. 1 important thing in your life.
Suze OrmanI don't care how far we've come with "women's liberation," with all these things. In a man's mind, he still needs to be the support of his family. He needs to hold up the world.
Suze OrmanWriting is hard work, not magic. It begins with deciding why you are writing and whom you are writing for. What is your intent? What do you want the reader to get out of it? What do you want to get out of it. It's also about making a serious time commitment and getting the project done.
Suze Ormanpeople's feelings about themselves change when they change the way they handle their money. Once they begin treating their money with respect, their self-respect shoots up as well.
Suze OrmanAlthough money alone won't make us happy, the lack of money surely will make us miserable.
Suze Orman