Posts Tagged ‘sure orman’
Suze Orman: Fabulous Financial
on Tuesday, June 29, 2021Suze Orman Money Quote saying if you pay sufficient attention to finances, they’ll get better over time. Suze Orman said:
“If you make time each month to give your money some attention, you’ll start the next year in fabulous financial shape” — Suze Orman
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In this quote, Suze Orman is advising that taking time each month to review one’s finances and spending can lead to improved financial health in the long run. By “giving your money some attention”, Orman seems to mean carefully examining income, expenses, savings and debts on a regular basis.
The quote suggests that small amounts of monthly maintenance, like creating a budget and checking account balances, can help get one’s financial house in order over time. Orman implies that starting the new year in “fabulous financial shape” is possible through consistently paying attention to money matters even in small increments each month.
Suze Orman: Investing in Stocks
on Friday, January 22, 2021Suze Orman Money Quote saying unneeded money should be invested because it grows over time to fund retirement. Suze Orman said:
“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” — Suze Orman
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Suze Orman is saying that if your financial goal, such as retirement, is at least 7 years in the future, then you should invest money meant for that goal in stocks. Stocks have historically had higher long-term returns than other asset classes like bonds or cash.
Since you have many years until you need the money, you have time for your stock investments to recover from short-term market downturns. By investing in stocks now, your money will have more time to grow over the long run through gains in the stock market.