Suze Orman Quotes

Women fake orgasms and men fake finances.

Believing you are worthy of love means that you believe I deserve to be treated well - with respect and dignity. I deserve to be cherished and adored by someone. I am worthy of an intimate and fulfilling relationship. I won't settle for less than I deserve. I will do whatever it takes to create that for myself.

Many of the good things would never have happened if the bad events hadn't happened first.

People first, then money, then things.

A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.

You have to see every potential roadblock as an opportunity and a benefit.

Writing 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.

Remember to remember your power - everything you've learned with these steps to financial freedom - and put it all into practice everyday, because in the grand scheme of life, you'll never really know how things are meant to turn out until they turn out.

True generosity is an offering; given freely and out of pure love. No strings attached. No expectations. Time and love are the most valuable possession you can share.

In 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

You need face time, not computer time. When you’re in a tough job market, it’s the personal touch that gets you the job.

Lasting net worth comes only when you have a healthy and strong sense of self-worth.

Saving is for a short-term goal that you hope to reach within five years or so. Investing is for the long term.

I have always said that if you undervalue what you do, the world undervalues who you are. And when you undervalue who you are, the world undervalues what you do. My experience is that women are, unfortunately, masters at both.

building a great career for yourself rather than settling for a job that does nothing for you but pay the bills

Self-worth equals net worth.

How we behave toward our money, how we treat our money, speaks volumes about how we perceive and value ourselves. If we aren’t powerful with money, we aren’t powerful period.

We have to develop a healthy, honest relationship with our money. And we have to see this relationship as a reflection of our relationship with ourselves.

If a child, a spouse, a life partner, or a parent depends on you and your income, you need life insurance.

You want your diversified stock portfolio to include stocks from different industries, large companies, small companies, companies here in the United States, foreign companies, new companies, and old companies.

Rich means different things to different people,” she wrote. “Financial security is your lifeblood. Creative freedom and expression is mine. If you can experience life in all its forms and experience that you are one with it, then you are the richest person in the world. And when one is in tune with this and one knows the value of material things in creating that environment, the senses are in high creative alert all the time.

Draw up a list of work-pay chores. Show the potential earnings for each job. Allow your children to choose their jobs—but make it clear that they have to work their way up from the smaller to the greater chores; they can’t just cut right to the higher-paying ones. And the job must be done well, not just done. Teach them that they must start with the lesser tasks and work their way up the ladder. I promise you, your kids will learn to work more quickly and efficiently to get to the higher-paying jobs—and they will look forward to working in order to earn more.

Hardy reinforces his narrative with stories of heroes who didn’t have the right education, the right connections, and who could have been counted out early as not having the DNA for success: “Richard Branson has dyslexia and had poor academic performance as a student. Steve Jobs was born to two college students who didn’t want to raise him and gave him up for adoption. Mark Cuban was born to an automobile upholsterer. He started as a bartender, then got a job in software sales from which he was fired.”8 The list goes on. Hardy reminds his readers that “Suze Orman’s dad was a chicken farmer. Retired General Colin Powell was a solid C student. Howard Schultz, the CEO of Starbucks, was born in a housing authority in the Bronx … Barbara Corcoran started as a waitress and admits to being fired from more jobs than most people hold in a lifetime. Pete Cashmore, the CEO of Mashable, was sickly as a child and finished high school two years late due to medical complications. He never went to college.” What do each of these inspiring leaders and storytellers have in common? They rewrote their own internal narratives and found great success. “The biographies of all heroes contain common elements. Becoming one is the most important,”9 writes Chris Matthews in Jack Kennedy, Elusive Hero. Matthews reminds his readers that young John F. Kennedy was a sickly child and bedridden for much of his youth. And what did he do while setting school records for being in the infirmary? He read voraciously. He read the stories of heroes in the pages of books by Sir Walter Scott and the tales of King Arthur. He read, and dreamed of playing the hero in the story of his life. When the time came to take the stage, Jack was ready.

How long have you been a financial advisor? At least ten years is what you want to hear. Experience is an important factor. You want to know that the person giving you advice has been through good and bad economic times. What certificates, licenses, or accreditations do you have? Your advisor has got to be licensed to give you advice. Nobody, and I mean nobody, should be giving financial advice in any way, shape, or form if they have not taken the time to get the necessary credentials to give you that advice. At the very least, you want your advisor to have one if not more of the following certifications and licenses: ~ CERTIFIED FINANCIAL PLANNER™ (CFP®) ~ Chartered Financial Consultant (ChFC) ~ Personal Financial Specialist (PFS) ~ NAPFA-Registered Financial Advisor ~ Financial Planning Association (FPA) ~ A Series 7 license ~ A Series 6 license ~ Registered Investment Advisors License

MONTH ONE ACTION PLAN Open a new checking account that is free of monthly maintenance fees. Notify your employer to have your direct deposit sent to the new account. Same with any automatic payments or transfers you make from your checking account—notify everyone of the new account. Balance your checkbook each month; verify all your withdrawals and deposits, and keep track that every bill you pay is recorded as a debit on your account. Open a new savings or money market account that is FDIC insured and carries a high APY. Make it a goal to build a savings account over time that has a balance large enough to cover up to eight months of living expenses. Sign up for automatic deposits into your savings account. If you have more than $100,000 at any one institution, make sure you understand the rules for getting full insurance coverage.

…Understood that a will is not enough to protect you and your loved ones. …Had a revocable living trust with an incapacity clause. …Transferred ownership of your assets into the trust. …Created a backup will. …Updated the beneficiaries on all your assets. …Understood the safest way to hold title to your home. …Had an advance directive and a durable power of attorney for health care. …Reviewed your critical documents once a year.

No matter who you are and what you have in this life, every single one of you needs the following three documents: A will A revocable living trust with an incapacity clause An advance directive and durable power of attorney for health care

The lawyer specializes in wills and trusts. The lawyer wants to know all details of your financial life. A good lawyer will create personalized documents that address your exact financial situation. You will be charged a flat fee. No hourly billing. The fee includes the creation of all three documents. The fee includes funding your trust. The quote includes time to review the entire document—word by word—with you. Remember, power is knowing exactly what you have.

Life insurance is meant to provide financial protection for those who are dependent on you at a point in your life when you have yet to build up other assets. Once you have accumulated assets that your dependents can fall back on—say, a sizable retirement fund or other significant investments—you no longer need life insurance.

Add your monthly take-home pay to your partner’s monthly take-home pay. That is your total household income. Now divide your total monthly expenses by your take-home pay and from that you will derive a percentage. That percent is what each of you should contribute to your monthly joint expenses. Here’s an example. Let’s say your after-tax pay is $7,000 a month and your love brings home $3,000 a month. Your total household after-tax income is $10,000. Now add up all the expenses you have each month that keep the household running. Let’s say those expenses for utilities, rent, phone, and so on, come to $3,000 a month. Divide $3,000, your joint expenses, by $10,000, your joint take-home income, and that will give you 30 percent. That means that you each have to put up 30 percent of your take-home pay toward expenses, or $2,100 from you and $900 from your love—equal percentages, not equal amounts. Set up a joint checking account to pay for household bills. Yes, keep your own checking account, but set up one together. This is a great testing ground for your money habits. You know from the first month of The Save Yourself Plan that I want you to sit and pay the bills together. That means that one week before your appointed bill-paying, both of you are to have deposited your share of the monthly expenses into that account.

Women don't say what they think, and they don't do what they feel.

The ultimate retirement is one in which you discover who you truly are and you love that person. That, my friends, is what genuine happiness is about. Clearly, KT and I are very fortunate to be able to afford this beautiful way of life, but the lesson here is not about how wonderful our experience is. It has everything to do with the promise that awaits you in retirement. And the lesson is this: You are not defined by your work, no matter what it is or was. You are defined by who you are, how you live, and the love and respect you show to yourself and to others. There really is life after work. The ultimate retirement is one in which you wake up and greet the sunrise each day with joy. In the ultimate retirement, you find meaning in every single day. If you make the time to look inside yourself, to marvel at the wonderment of life, you will be amazed at what you discover.

If you're going down the street and you're going the wrong way, remember- God permits U-turns

The goal is to achieve an internal calmness that comes when your intellect and your instincts are operating in harmony.

I am going to challenge you not merely to live within your means, but to live below your means.

Money you spend today is money that will not be able to grow and help you reach your most important future goals,

You have the power to make the right and honest decisions about how you handle your money.

In order to create lasting security you must learn to stand in your truth. You must recognize, embrace, and be honest about what is real for you today and allow that understanding to inform the choices you make. Only then will you be able to build the future of your dreams.

Retirement saving must take precedence over paying for college.

But let me ask you this: Where does blame get you? Blame renders you powerless. You must get past blame to become who you are meant to be. And what does shame do to you? Shame only serves to hold you back... It is fine to understand how we got here, but the next breath must contain a resolve to move ahead into a future that looks entirely different, into a destiny that is all yours.

I have always said that if you undervalue what you do, the world undervalues who you are. And when you undervalue who you are, the world undervalues what you do.

It takes more power to say no out of love than to say yes out of weakness. This notion is at the very heart of establishing a healthy relationship with your money.

I believe there is something incredibly powerful in the act of saying your name. I might even go as far as to say that it is the symbolic key to unlocking your powerful self. I believe that it is not until you can say your name with pride, incredible pride for who you are and all that your name represents, that you will ever be the powerful woman I want you to be.

Once you learn to respect your right to be fully valued, you will find it easy and natural to ask the world around you to respect that value. You set your price and the world will meet it. When you walk through the world feeling you are "more than" rather than "less than," more will come to you. No one ever achieved financial security by being weak and scared. Confidence is contagious; it will bring more into your life.

It's pretty clear: If you don't ask, you usually don't get what you deserve.

You are responsible for valuing yourself and stating that value to the world. This holds equally true for employees of companies large and small as well as artists and stay-at-home moms.

When you value yourself enough to reject a bad situation, you are being powerful, and that power will motivate you to find a better job.

To this day, it remains one of the best things I have ever done. I did an internal housecleaning and made space for other people to come into my life. And when the right people entered my life, it started to soar. I had relationships that were based on truth. I felt the benefits of harmony and balance internally, and I also became more powerful. I had awakened courage that had been dormant, and it started to show up all over the place. The more I used it, the more it was there to help me, and my life grew bigger, better, happier, and richer.

The only way to counteract feelings of helplessness, indecision, and defeatism is to act. The most powerful attitude you can own when it comes to your future is self-reliance, because when it comes to your retirement, it's really up to you to take care of you.

I want you to understand that simply saying your name is an act of power.

After suffering the loss of a loved one, do nothing but keep your money safe and sound for at least one year. If you want to find the best financial advisor, look in the mirror—for no one will care about your money more than you do.

The most valuable asset you own at this stage of your life is your spirit.

You can’t rewrite history, undo the past, or predict the future.

The only way to conquer fear is through action.

If you cannot pick yourself up, if you cannot start taking action right now, then who is going to do it for you?

Making smart choices in your 50s and 60s will give you the gift of not having to worry about finances in your 70s, 80s, and 90s.

There are no loans for retirement.

Everything is possible if you believe in yourself. Before you start down the road of negative thoughts, slam on the brakes.

A one-year CD will typically charge an early withdrawal penalty of three months or so of interest. For a five-year CD, the penalty might be six to eight months interest. Every CD issuer has its own policy. Be sure you know the rules before you invest. A portfolio of CDs with different maturities can be a smart strategy to increase your overall yield, while reducing the chances you will need to make an early withdrawal. For instance you could invest equal amounts in five different CDs: one-year, two-year, three-year, four-year, and five-year. That way you have some money maturing every year. When the one-year CD matures, invest it in a new five-year. Your two-year CD now has just one more year to go, so it becomes your one-year CD. When it matures, invest that in a five-year CD too. Keep doing this and eventually you will have a portfolio of five-year CDs, with one maturing every year. That will pay you more interest than if you kept all of your money in a one-year CD that you had to reinvest annually. I think the CD ladder can be a terrific option for some of your cash, but if you are aiming for a two-year cash reserve, I would still keep at least six months of that in a simple savings account where

you will not owe any withdrawal penalties.

But that emotional reaction isn’t you being dumb or irrational; you are being human. It is hard to stay committed to anything when you are feeling vulnerable and threatened.

You can open a Roth IRA account at almost any financial institution, from credit unions to discount brokerages such as Fidelity Investments, Charles Schwab, TD Ameritrade, and Vanguard.

Take a spin through your monthly spending and challenge yourself to cut your nonessential costs by at least 20%—something I recommend whether you are 35 or 75.

am not suggesting you keep all your money in stocks. No way! My message is that you should keep some money in stocks. If you are in your 50s and 60s today, depending on your situation, you should already have a significant portion of your portfolio—maybe half—invested in bonds. But the other half of your investable assets most likely are in stocks.

Those are just examples; my advice is to search for the lowest-cost Treasury options at whatever brokerage you have your money with. Just remember: With a mutual fund you never should pay any sales commission, called a load. And check whether your brokerage offers Treasury ETFs that you can buy and sell without paying a sales commission.

Ellevest is a robo-advisor that fine-tunes its algorithms for female clients to take into account that women typically have different lifetime salary patterns and longer life expectancies.

Once you have a trust, you must decide what assets to put inside the trust. This is called funding the trust, and it requires changing the title of ownership of that asset to the trust. Common assets that you will want to consider owning inside the trust include any real estate you own, and bank and investment accounts that are not retirement accounts.

When you create a living revocable trust, you should also make sure it includes an incapacity clause. This stipulates that if you become unable to handle your affairs, your successor trustee can step in and take control, running the trust as you directed in writing. In your trust you can also appoint someone to make the determination of when you are incapacitated. If you do this, your successor trustee (and all your loved ones) will be able to avoid a conservator-ship proceeding that requires getting court approval, which will take time and money.

Owning a home is a keystone of wealth…both financial affluence and emotional security

Peter [Peter Ginna] has been a book editor for over 30 years. He has worked at Bloomsbury USA, Oxford University Press, Crown Publishers, and St. Martin's Press. Authors he has worked with include James McPherson, David Hackett Fischer, David Oshinsky, Daniel Ellsberg (my client), and Suze Orman.

Peter has been a book editor for over 30 years. He has worked at Bloomsbury USA, Oxford University Press, Crown Publishers, and St. Martin’s Press. Authors he has worked with include James McPherson, David Hackett Fischer, David Oshinsky, Daniel Ellsberg (my client), and Suze Orman.

Peter [Ginna, Peter]has been a book editor for over 30 years. He has worked at Bloomsbury USA, Oxford University Press, Crown Publishers, and St. Martin's Press. Authors he has worked with include James McPherson, David Hackett Fischer, David Oshinsky, Daniel Ellsberg (my client), and Suze Orman.

Your mortgage, property tax, and insurance (called PITI) should not exceed 25% of your gross (pre-tax) monthly income.

Your PITI and all other debts should not exceed 36% of your gross monthly income.

Once more, let’s run down the major points of this class: • Consider paying off your mortgage before you retire. • Start planning for how you will be able to keep working well into your 60s. • Save more today so you will be okay if you can’t afford to save in your 60s. • Make it a goal to delay when you start drawing Social Security, so you can earn a benefit that could be 80% bigger than if you start early. • Make sure all your retirement accounts are invested to complement one another. • Decide no later than age 59 if long-term care insurance should be part of your retirement plan.

If you want to own individual stocks your portfolio should have a minimum of 10 to 12 stocks. It is never smart to have a larger portion of your retirement funds invested in one stock. No matter how stable that stock looks, we can never be sure of its future. If the money you want to devote to stocks is not enough to buy that many individual shares, then I recommend you focus on dividend-paying ETFs.

must double down on making yourself an absolutely essential piece of your firm’s success. That should be your goal at any time, but in these times of economic stress it is imperative. It is how you keep moving forward in a very competitive job market.

• If you do not need to live off your pension and you want to leave this money to your heirs, you would be better off taking the lump sum and doing a rollover rather than opting for the annuity payment.

Accelerating your mortgage payments is something to be considered only if you are in good financial shape. That means: • You have an eight-month emergency savings fund. • You do not have any credit card debt. • You own your car outright, and you are saving for when you will need to purchase another car.

If you have more than eight months in your emergency fund:

Reduce your monthly expenses so you can add more to your mortgage payment.

If you contribute to a 401(k) up to the point of the match:

If you have less than $100,000 in your traditional IRA: Keep investing in your IRA, but once you get within 10 years of retirement, consider reducing your IRA contribution by 50% and use that money to pay down your mortgage. For example, let’s say you are contributing $500 a month to your IRA. My advice is to reduce that to $250 a month and then put the remaining $250 into accelerating your mortgage payments.

you have less than $100,000 in a Roth IRA:

If you have been following my advice for years, you are well aware that I think a Roth IRA is the best retirement account you can have.

A Roth can also be a backup emergency fund. Because your contributions are made with after-tax dollars, you are free to withdraw them (though not the earnings on them) at any age without incurring taxes or penalties.

At a minimum I want you to figure out a way to set aside 15% of your pre-tax salary each and every year, starting as early as possible. If you wait until your 40s and 50s to get serious about saving, you will need to set aside 25% or more of your gross salary.

STEP 1. Save in a 401(k) plan if your employer offers a matching contribution. Contribute enough to qualify for the maximum company match.

STEP 2. Contribute to a Roth IRA.

STEP 3. Increase your 401(k) contributions.

STEP 4. Save in a taxable account.

A general rule of thumb worth considering is to subtract your age from 100. So if you are 35, consider a portfolio that has 65% or so in stocks.

you can invest through TreasuryDirect.gov. Just remember to stick with shorter-term issues—maturities of five years or less.

Every year the Employee Benefits Research Institute (EBRI) publishes its retirement readiness report; it’s a detailed statistical look at how many of us are on pace to have enough money in retirement to meet our basic living needs.

Before you start to save one penny for a child’s future college costs, I insist that you have the following financial priorities taken care of: You do not have credit card debt. You have an eight-month emergency savings fund. You have a term life insurance policy. You are saving for retirement; aiming to set aside 15% of your gross salary. Until all of that is in place you are not to think about saving for college.

Many of you have heard me say this repeatedly over the years: There is financial aid for college. There are loans for college. But there is no aid or loans to help you in retirement. There is no aid if you run into a rough patch and you do not have sufficient funds in an emergency savings account to navigate your way out of trouble.

The other problem is that UGMA and UTMA assets are treated differently than 529 assets when assessing your family’s application for financial aid. Less than 6% of assets held in a 529 plan owned by a parent (for the benefit of a child) are used to compute a family’s eligibility for aid. By comparison, 20% of assets owned by your child—such as an UGMA or UTMA—are factored into the calculation. In other words, money owned by a child will reduce your eligibility for financial aid, or the level of aid your family qualifies for.

by the time your child is a senior in high school you will want to have the bulk of your account in conservative investments; it is too risky to have your money invested in stocks when you know you will need that money in one to five years.

I realize your intentions are good, but you need to distinguish between helping and enabling. People who are standing in the truth and need financial assistance deserve your help, if you can in fact afford to give financial help. People who are looking for your money to solve (probably temporarily) a problem of their own creation are not standing in their truth.

The first and most important money lesson you need to teach your children is to put money in its place. Ask your children—even children as young as four or five—what they love most. Do not guide them, just listen to what they value.