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" 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. "

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" If you're saving for the long run, it's actually a good thing when the market is down because the more shares you have, the more you can potentially make when markets rise. And over time - decades, not months - the markets rise more than they fall. "

Suze Orman

Time

You

Long

" 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. "

" Even if you were to fall into extreme financial hardship and file for bankruptcy, you need to understand that your student loan debt will not be discharged in bankruptcy. It is the Velcro of all debts. "

" If you're going to live in the house make it your goal to just pay off your mortgage. "

" Understand and accept the cycles of money. The setbacks you may have today or next year will not keep you from financial freedom. If you hold on to your goals and dreams, you will get there. "

" Find $50 a month for savings. No excuses! "

" Structured settlements are a common way for people who have been injured to receive an insurance payout. The periodic payments provide ongoing income and reduce the risk of blowing a lump sum through poor financial choices. "

" We never had it as rough as the kids have it today. Look at the price of a gallon of gas or a piece of real estate or a college education. "

" Cut back your spending now. "

" Who would you want to be giving you advice? Somebody who doesn't have any money? "

" Late payments also hurt your FICO score. And never, ever take out a cash advance on your credit card. "

" 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. "

" 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. "

Suze Orman

Interesting

Debt

" So many financial dreams are thwarted by the failure to act upon good intentions. "

" Make it a priority to have at least eight months of living costs set aside in a federally insured bank or credit union account. "

" There is no law saying you have to die before your assets can be passed to loved ones. In fact, gifting earlier can be a lovely way to witness how your money helps your family thrive. "

" If you're financially responsible, your children have a much better chance to grow up financially responsible. "

" 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. "

" Focus on what you have. "

Suze Orman

You

Focus

" People have got to learn: if they don't have cookies in the cookie jar, they can't eat cookies. "

Suze Orman

People

Eat

" Look everywhere you can to cut a little bit from your expenses. It will all add up to a meaningful sum. "

" Don't let what others think or say get in your way; their actions reflect on them, not you. "

" Remember what I always say: people first, then money, then things. "

" If the only way you can build an emergency fund is to pay the minimum due on your credit card, that is what you need to do. "

" I get so frustrated when people tell me it's unrealistic to create an eight-month emergency savings fund, or have money saved for a home down payment, or pay off their $5,000 credit card balance. "

" Recast your current problems into proactive goals. "

" Put your financial life on autopilot as a form of 'forced' saving. "

" When you give, give from the place of the heart because it is the right thing to do, not the easy thing to do. "

" They got married, they got divorced, and half their money goes out the window. "

" If you wait until your children are high school seniors to spring it on them that there's not a whole lot of money for school, they won't have too many options. "