When it comes to finding inspirational quotes about money and how to handle your money, there is no better authority to turn to for words of inspiration than Suze Orman. Look at this ultimate list of Suze Orman quotes about money as your daily inspiration for all of your financial challenges.
Who is Suze Orman?
Suze Orman is an author, motivational speaker, financial advisor and television host and millions from all over the world know her for her hard-hitting straightforward money advice. In addition to being the former vice president of Prudential Bache Securities, she started hosting her own show on CNBC in 2002. This show has not only gone on to be one of the network’s most popular programs, but has won Orman several awards.
Orman wasn’t always the financial guru she is today. She started off pursuing a degree in social work and eventually went on to become a financial advisor for Merrill Lynch. From there she grew to become a strongly sought-after advisor and eventually went on to be the Vice-President of Investments at Prudential Bache Securities. In 1987, Orman founded the Suze Orman Financial Group, she was given her own television show on CNBC in 2002.
However, this doesn’t mean the University of Illinois graduate is done growing her empire quite yet. The Forbes Power Women honoree is joining forces with another powerful celebrity businesswoman, Oprah Winfrey, and is planning on joining the OWN network to host a new show. The program will be called The Money Class. The host will also be appearing on another show called Ask The Experts where she will appear alongside Dr. Oz and Dr. Phil.
What is Suze Orman’s Net Worth?
Suze Orman’s entire career has been built on helping others learn how to become wealthy. With this in mind, it should come as no surprise that many are curious to see just how much the TV personality is work and just how much she has been able to follow her own advice and build her own wealth.
It seems as though Orman really does practice what she preaches as the established author has an estimated net worth of $35 million. She has made several lists of wealthiest businesswomen in the world thanks to her no-nonsense approach and her multiple business ventures that capitalize on her financial acumen.
Here is a List of the Best Suze Orman Quotes
“We tend to focus on assets and forget about debts. Financial security requires facing up to the big picture: assets minus debts.”
“Cash – in savings accounts, short-term CDs or money market deposits – is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money.”
“Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won’t grow any faster than the rate of inflation.”
“It wasn’t until I stood in my truth and told everybody that I had $250,000 in credit card debt. At that point, everything turned around for me. I had to reveal the truth about what I didn’t have, more than pretend about what I did. That was interesting.”
“I have never been a fan of bond funds. Unlike a direct investment in an individual bond that you can hold to maturity and be assured you will get your principal back (assuming no default), a fund has no finite maturity date and most funds are actively traded.”
“A revocable living trust allows your heirs to avoid probate entirely and keeps you in complete control of your finances while you’re alive. You can always make changes to what’s in the trust and to how you’d ultimately like it managed or disbursed.”
“It’s easy to underestimate the real cost of home ownership.”
“Owning a home is a keystone of wealth – both financial affluence and emotional security.”
“The way to build your savings is by spending less each month.”
“Money you won’t need to use for at least seven years is money for investing. The goal here is to have your account grow over time to help you finance a distant goal, such as building a retirement fund. Since your goal is in the future, money for investing belongs in stocks.”
“Late payments also hurt your FICO score. And never, ever take out a cash advance on your credit card.”
“The most important loan to pay is your student loan. It’s more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.”
“Everybody 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.”
“If you can’t afford the upkeep of your home, it makes no sense to do a reverse mortgage. You will just end up having to sell eventually when you realize you can’t afford the home, and whether you have any equity left after the sale depends on the size of the reverse loan that must be settled.”
“I do not think I am successful just because I have money. I’m successful because I love who I am and I have no regrets, and I’m successful because I have a great heart and I have compassion and I care and I would be happy with or without money.”
“Make this the year you tackle that credit card debt once and for all.”
“Make it a priority to have at least eight months of living costs set aside in a federally insured bank or credit union account.”
“Pay off your mortgage before retirement, and that’s one less bill you’ll have to worry about when you’re on a fixed income.”
“The only way you will ever permanently take control of your financial life is to dig deep and fix the root problem.”
“Yes, your kids should go to school. No, you shouldn’t bankroll their degree whatever the cost. You’ve spent your life creating a sound financial plan; don’t upend it by suspending your retirement savings or taking out a home equity line of credit to pay for a pricey college.”
“Estate planning is an important and everlasting gift you can give your family. And setting up a smooth inheritance isn’t as hard as you might think.”
“I am a big believer that orderliness begets wealth. A pile of bills and statements – whether paid or not – is a sign that someone is clueless about what’s coming in and going out. When you consciously open, read, and file away your bills and statements, you are connecting with your money and taking control of your life.”
“The new American dream is one of responsibility. What is the bottom-line number that you’re going to be able to pay back toward a student loan responsibly if you’re doing it yourself after you have a job? That dictates the amount of money you can borrow. That dictates the school you can go to, if you can even go to a four-year college at all.”
“A wise woman recognizes when her life is out of balance and summons the courage to act to correct it, she knows the meaning of true generosity, happiness is the reward for a life lived in harmony, with a courage and grace.”
Ready to Learn More? Check Out Some of These Books By Suze Orman:
In addition to offering inspirational words of wisdom to the public, Suze Orman is also an author of several successful financial books, designed to help all types of people with their everyday money questions. To learn more about her take on finances, check out some of Suze Orman’s best selling titles.
The Money Book for the Young, Fabulous and Broke– This New York Times #1 best seller focuses on financial topics specifically aimed at younger generations. The book is designed to help those who are struggling to make ends meet and who need help understanding complex financial topics. Aimed specifically at those in their 20s and 30s, this book helps with everything from student loans, to credit card debt, starting a 401K and more.
The Courage to Be Rich– This is one of Orman’s most popular books and one of her first titles. Released in 1999, this book still has a timeless message to help individuals of all types of realize their full financial potential.
The Nine Steps to Financial Freedom– Often hailed as one of the classics of financial literature, this book is aimed at changing the way people think, feel and act about money. This nine steps approach is aimed to help people learn how to be smart about their money so they no longer have to worry about their financial future.
Books like these have not only helped millions revamp their approach to handling money, but they have also made Orman one of the most respected financial authorities in the world.