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" 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. "

Suze Orman

School

Life

Home

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" The American dream is dead for the majority of America. "

" Like your home's closets, your financial clutter needs an overhaul every now and again, and the payoff will go far beyond the psychic satisfaction of neatening up. "

" 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. "

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

" 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. "

" 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. "

" People first, then money, then things. "

" Here's my gift-giving rule: Respect your current financial situation. "

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

" In order to create lasting security you must learn to stand in your truth. "

" The 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. "

" The middle class has disappeared. We have a highway to poverty and no roads coming out. "

" 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. "

" Financial advice needs to change according to what is happening in the economy. "

" Give to yourself as much as you give of yourself! This means you have to put yourself first. "

" The only way you will ever permanently take control of your financial life is to dig deep and fix the root problem. "

" Get rid of debt now. "

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

" It's not what you make, but how you feel about what you make and what you spend. "

" 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. "

" 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

" Once your kids are grown and you know that you're completely healthy, consider canceling your life insurance policy. "

" Take 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. "

" We tend to focus on assets and forget about debts. Financial security requires facing up to the big picture: assets minus debts. "

" 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. "

" If there is anyone dependent on your income - parents, children, relatives - you need life insurance. "

" 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. "

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

" 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. "

" You should keep a copy of your tax return indefinitely, but you need to save supporting documents for only three years. "