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If You Are Worried About Job Security And Do Not Have An Adequate Emergency Fund (ideally Eight Months' Worth Of Living Expenses Stashed Away In A Federally Insured Bank Or Credit Union), You Need To Focus More On Saving Money Than Paying Down The Balance On Your Credit Cards.

-Suze Orman

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If You Are Worried

Suze Orman

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If You Are Worried About Job Security And Do Not Have An Adequate Emergency Fund (ideally Eight Months' Worth Of Living Expenses Stashed Away In A Federally Insured Bank Or Credit Union), You Need To Focus More On Saving Money Than Paying Down The Balance On Your Credit Cards.

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The Last Thing Family And Friends Want Is For You To Spend Money On Them That You Don't Have Or That You Can't Really Spare.

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Ignore The Annual Percentage Rate When Shopping For A Mortgage.

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.

Success Is Not How Many Zeroes Your Bank Account Has. It's About Making The Most Of The Life You Have.

Never Cosign A Loan. Once You Have Cosigned, You Cannot Get Out Of It - Even On Your Deathbed.

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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.

We Need To Give People More Of An Incentive To Work, To Save, To Invest, To Create A True Future For Themselves.

If You're Financially Responsible, Your Children Have A Much Better Chance To Grow Up Financially Responsible.

You Can't Build A Foundation On Lies.

Absolutely Pay Off Credit Card Debt. If You're Not Getting A Match In Your 401(k) And You've Got Credit Card Debt, You've Got To Get Yourself Out Of Credit Card Debt. When You Get Out Of Credit Card Debt, Your Credit Score Goes Up And Interest Starts To Go Down.

Money Is The Only Thing You Can Use Even If You Don't Have Any. ... There's Always A Credit Card.

No One's Ever Achieved Financial Fitness With A January Resolution That's Abandoned By February.

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The Truth Is Women In The Workplace Don't Have To Fight Nearly As Hard For Opportunities, Or To Dispel Stereotypes, As They Did Before.

Money Is The Currency Of Life Because It Is The External Measurement System That All Of Us Have As To How We Judge Where We Are In Our Own Lives.

I've Learned From Her [ Oprah Winfrey] Really How To Stand In One's Truth, How If You Just Simply Are Who You Are, You Know, You're Heavy, You're Thin, You're Happy, You're Sad - If You Just Speak Your Truth As It Comes Into Your Mind, Then That's What People Relate To.

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 Advantage Of Online Banking Is That You Can Pay Bills Superfast, And Your Account Is Automatically Credited Or Debited For Each Deposit And Payment, Making It Easier To Stay On Track.

Who Would You Want To Be Giving You Advice? Somebody Who Doesn't Have Any Money?

Private Student Loans Should Be Avoided At All Costs.

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.

To Enjoy A Long, Comfortable Retirement, Save More Today.

You Must Remember The Value That You Add To Others And Not Just What Others Have Added To You. That's How We Build Self-worth, Which, In My Opinion, Is Just As Important As Net Worth.

If You're Going To Live In The House Make It Your Goal To Just Pay Off Your Mortgage.

We Tend To Focus On Assets And Forget About Debts. Financial Security Requires Facing Up To The Big Picture: Assets Minus Debts.

We Women Know How To Take Care Of Everybody So Well. But The One Person We Have Written Out Of The Equation Is Us.

I Am A Financial Planner, Not A Psychiatrist, But I Do Know That Your Net Worth Will Rise To Meet Your Self-worth Only If Your Self-worth Rises To Accept What Can Be Yours.

If You Have A 50 Percent Match And You Get In Trouble Financially, You Can Either Withdraw Money As A Loan, Or Withdraw The 50 Percent Match. If You Take It Out, You Have To Pay Taxes On It, But You Still Come Out Ahead.

The Truth Will Always Lead You To A Better Place And A Bigger Place. And Every Single Setback, Every Single One, Has Led Me - Not In My Time, But In The Time That It Was Meant To Happen - To A Place That I Never In A Million Years Could Have Imagined That I Could Go Or Become.

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Consider A 15- Or 20-year Fixed-rate Mortgage Instead Of A 30-year, If You Can Afford The Monthly Payments - They May Not Be As High As You Think.

The Happiest Moment Of My Life Happens Once A Day.

Thoughtful Financial Planning Can Easily Take A Backseat To Daily Life.

Each Cent You Apply Toward Diminishing Your Debt Replenishes You.

If You're Going Down The Street And You're Going The Wrong Way, Remember - God Permits U-turns.

Just Because You Can Afford It Doesn't Mean You Should Buy It.

No Well-planned Retirement Should Be Without Long Term Care Insurance. It Is The Very Cornerstone Of Retirement Security.

Women Fake Orgasms And Men Fake Finances.

Messages About Money Are Passed Down From Generation To Generation, Worn And Chipped Like The Family Dishes.

A Wise Woman Knows How To Summon Her Courage And Do What Is Right, Rather Than What Is Easy.

Owning A Home Is A Keystone Of Wealth - Both Financial Affluence And Emotional Security.

Financial Freedom Is Our Birthright, Rather Than The "slave Walk" Of The Monday Through Friday Grind.

Your Goal Should Be To Pay Off Your Credit Card Bills In Full At The End Of Each Month And Set Aside Money Toward Your Emergency Savings.

I Am A Big Believer That Orderliness Begets Wealth.

If Your Company Matches Your 401(k) Contribution, Then No Matter What, Contribute To Your 401(k) First. You Put In A Dollar, They Put In 50 Cents. It's An Automatic 50 Percent Return On Your Money. You Can't Pass That Up. I'd Rather Have The 50 Percent Than Pay 32 Percent Interest On A Credit Card.

You Have To See Every Potential Roadblock As An Opportunity And A Benefit.

The Only Way You Will Ever Permanently Take Control Of Your Financial Life Is To Dig Deep And Fix The Root Problem.

Many Of The Good Things Would Never Have Happened If The Bad Events Hadn't Happened First.

In Order To Live A Rich Life, Everything About Who You Are Must Be One, In Alignment, And In Pure Harmony.

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If You Are Worried About Job Security And Do Not Have An Adequate Emergency Fund (ideally Eight Months' Worth Of Living Expenses Stashed Away In A Federally Insured Bank Or Credit Union), You Need To Focus More On Saving Money Than Paying Down The Balance On Your Credit Cards.

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Whenever You're Confronted With A Tough Work Situation, Stop For A Second And Try To Honestly Answer This Question: Am I Approaching This Emotionally Or Am I Approaching This Professionally?

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.

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... Show Respect For Your Money ... Then Your Money Will Think And Care About You In Return.

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If The Relationship Between You And Your Money Is Harmonious, Regardless Of How Much You Have, Your Financial Transactions Will Be Harmonious As Well.

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If You Do Not Have At Least An Eight-month Emergency Fund, And You Think There's A Probability You Could Loose Your Job - And It's Not Just Losing Your Job; You Could Be In A Car Accident, Get Sick - Continue To Pay The Minimum On Your Credit Card Every Month. Everything Beyond That Needs To Go To Establish An Emergency Fund. And If You Have An Emergency Fund Saved, Then Fund Your Retirement Account Before Paying Down Credit Card Debt.

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Never Invest Emergency Savings In The Stock Market.

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You Can Have All The Money In The World. You Can Be A Multi-billionaire, But If You Do Not Have Your Health It Means Nothing. Your Health Is The No. 1 Important Thing In Your Life.

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Money Is A Topic That Touches All Races, All Religions, All Sexes, All Ages, All Tax Brackets. It's A Universal Language That Truly Has Been Held Up To Us In Society As A Thing That Determines Whether We Are Successful, Worthy, Whether We Have Contributed Something To Life Or Not.

The World Of Money, Of Numbers And Stock Markets And Interest Rates And Credit Cards, Seems On The Surface About As Far As It Could Be From The World Of Spirituality, Of Seeking Meaningful Answers To The Big Questions Of Life. ... But These Two Worlds Must Flow In And Out Of Each Other, Because It Takes Both Money And Spiritual Understanding To Sustain It. Truly Speaking, What Determines Where Our Money With Its Awesome Power Will Go, And What It Will Do For Ourselves And Others? If We Listen, Those Answers Come From The Center Of Our Being, From Who We Really Are.

I'd Rather Make 50 Percent Of Something Than 100 Percent Of Nothing.

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.

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.

It's Better To Do Nothing With Your Money Than Something You Don't Understand.

Here's What's Interesting About Women. When It Comes To Their Babies, When It Comes To Their Children, They Become These Financial Warriors Like I Have Never Seen Before. They Will Not Turn Their Back On The Battlefield.

The World Needs Another Vehicle To Get People To Pay In Cash.

Put Your Financial Life On Autopilot As A Form Of 'forced' Saving.

I Get More Inspired By Seeing Everyday People Succeed Against The Odds Than Anything Else In Life.

When You Undervalue Who You Are, The World Will Undervalue What You Do And Vice Versa.

Time And Love Are The Most Valuable Possessions You Can Share.

Just Because One Of You Earns The Paycheck Doesn't Mean That Person Should Lord Over How The Money Is Handled.

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.

I Have A Million Dollars In The Stock Market, Because If I Lose A Million Dollars, I Don't Personally Care.

I Grew Up Thinking That Because I Couldn't Read, I Was Stupid And Would Never Amount To Anything. I Worked My Way Through College As A Waitress And Thought I Wasn't Capable Of Doing Anything Else. My Grades In English Were Horrible, And I Barely Got Through.

For All Your Long-term Investments, Such As Retirement Accounts That You Won't Touch For At Least Ten Years, You Need A Mix Of Stocks And Bonds. Stocks Offer The Best Shot At Inflation-beating Gains. But Stocks Don't Always Go Up. That's Where Bonds Come Into Play: They Have Less Upside Potential, But They Also Do Not Pack The Same Risk.

People First, Then Money, Then Things.

I Think They've Been Baby Bummers.

In Order To Create Lasting Security You Must Learn To Stand In Your Truth.

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.

It's Only When We Give To Ourselves As Passionately As We Give Of Ourselves That We Create The Life We Want And Deserve.

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.

What's Keeping You From Being Rich? In Most Cases It's Simply A Lack Of Belief. In Order To Become Rich, You Must Believe You Can Do It, And You Must Take The Actions Necessary To Achieve Your Goal.

Never, Ever Invest Money That You Will Need Prior To Three To Five Years - Minimum.

Here's My Gift-giving Rule: Respect Your Current Financial Situation.

Cleanliness Is A State Of Purity, Clarity, And Precision

I Love The Roth Ira. Tax-free Income In Retirement Is A Truly Great Deal.

I Love, Love, Love That You Want To Use Your Debit Card. But To Keep Your Credit Score Solid, You Still Need To Keep A Few Credit Cards And Use Them At Least Once Every Few Months.

One Has To Ask What Is The Goal Of Life? What Is The Goal Of Life? My Interpretation Of It For Myself, A Very Wise Teacher Once Taught Me This, Is To Meet The Needs Of The People, Places And The Times Around You And Offering Those Services To God.

When You Are Starting Out In Your 20s, It Is Natural To Think About All That You Will Have And Do Once You Start Making Money, And Making More Money. That Gives Money Way Too Much Power Over Your Life. It's Not About How Much You Make, But The Life That You Make With The Money You Have.

There's Nothing Wrong With Saying, "i Want To Have More," "i Want To Be More," "i Did This For Money."

Live Below Your Means But Within Your Needs.

Try Handling Problems In The Office As Dispassionately As You Can And I Guarantee You Will Have A Better Time Of It; Not Least Because When You Bring Emotion Into The Conversation, You Furnish Your Colleagues With An Easy "out" For Dismissing You. If You Are Able To Strip Out The Emotion, However, People Have To Deal With You Based On The Facts.

Look Everywhere You Can To Cut A Little Bit From Your Expenses. It Will All Add Up To A Meaningful Sum.

Once Your Kids Are Grown And You Know That You're Completely Healthy, Consider Canceling Your Life Insurance Policy.

Life Insurance Policy

Make It A Priority To Have At Least Eight Months Of Living Costs Set Aside In A Federally Insured Bank Or Credit Union Account.

When You Can Be Happy In Your Sadness As You Are In Your Happiness. Then You Know The Key To Life.

If You Make Time Each Month To Give Your Money Some Attention, You'll Start The Next Year In Fabulous Financial Shape.

To Make The Most Of Your Money, I Recommend Sticking With Mutual Funds That Don't Charge A Commission When You Buy Or Sell.

Power Comes From Who You Are, Not What You Have, And The Transformation Starts With How You Allow Others To Treat You.

You Are To Set Your Own Value, Communicate That Value To The World, And Then Not Settle For Less. Sound Daunting? That's Just Because It Takes You Out Of Your Comfort Zone. You Have Got To Stop Being An Obstacle On Your Own Path To Wealth And Security And Happiness. You Must Understand That Valuing Yourself Is Well Within Your Control.

A Great Teacher Once Taught Me That You've Got To Have Faith That Everything Happens For The Best. I Have Had Many Setbacks In My Career And Every Setback Has Led Me That Much Further Into My Truth.

What Happens To Your Money Directly Affects The Quality Of Your Life -- Not Your Stockbroker's Life Or Your Banker's Life, But Your Life.

It's Impossible To Map Out A Route To Your Destination If You Don't Know Where You're Starting From.

When You Lose Something In Your Life, Stop Thinking It's A Loss For You... It Is A Gift You Have Been Given So You Can Get On The Right Path To Where You Are Meant To Go, Not To Where You Think You Should Have Gone.

When It Comes To Tackling Your Financial Goals, Whatever They Might Be, There's No Time Like The Present.

Financial Goals

You're Thinking To Yourself, 'how Is It Possible That I Am Going To Pay Back $150,000 In Student Loans? I'm Never Going To Pay That Back. What Am I Going To Do?' Listen To Me And Listen To Me Good, Class Of 2013. I Want You To Think Back To All Of These Things You Said To Yourself, 'i Can't Do That. I Can't Palpate A Cow. And What's Worse, Palpating A Cow Or Taking Semen From A Horse?' But You Did It, Didn't You?

Bad Debt Is Sacrificing Your Future Day Needs For Your Present Day Desires.

... True Financial Freedom Doesn't Depend On How Much Money You Have. Financial Freedom Is When You Have Power Over Your Fears And Anxieties Instead Of The Other Way Around.

Money Is Such An Amazing Teacher: What You Choose To Do With Your Money Shows Whether You Are Truly Powerful Or Powerless.

In January We Start Saving Money, Getting Out Of Credit Card Debt, Funding Our Retirement Accounts, And We're Doing Wonderful. Then, Every Single Year Like Clockwork, Starting In November, All Of You Fall Into This Trap That Says, 'i Have To Buy This Gift... I Can't Show Up At This Party And Not Have Something For Everybody.

Abundance Is In Crucial Ways A State Of Mind.

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.

Financial Hardship

Make Yourself Worthy Of Money And Money Will Make Itself Worthy Of You.

At The End Of Your Life, You Cannot Take A Penny With You. So What Is The Object Of Money If You Can't Take It With You?

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.

Strings Attached

The Less Money You Owe, The Less Income You'll Need And The Less You'll Have To Save For Tomorrow.

Many People Are Dreaming. Let Me Rent. Let Me Have A Job. Let Me Work Until I'm 70. That's Not What The American Dream Used To Be. It Used To Be, Let Me Own A Home. Let Me Retire At 59 And A Half Or 65 At The Latest. Let Me Do This. And Now, Really, Given What's Happened, Good Luck With Anything Happening Unless You Do It Yourself.

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.

Late Payments Also Hurt Your Fico Score. And Never, Ever Take Out A Cash Advance On Your Credit Card.

It Pays To Be A Fee Fiend.

The Key To Making Money Is To Stay Invested.

You Can't Build A Future If You Do Not Know Who You Are. You Can't Become Who You Are Meant To Be If You Can't Tell The Truth About Who You Are, What You Have, And Everything About Your Life. The Truth Is The Absolute Essence To Your Success, While Lies Are The Absolute Essence To Your Failures.

Telling The Truth

If You Have Credit Card Debt And Credit Card Companies Continue To Close Down The Cards, What Are You Going To Do? What Are You Going To Do If They Raise Your Interest Rates To 32 Percent? That's Five Times Higher Than What Your Kid Is Going To Pay In Interest On A Student Loan. Get Rid Of Your Credit Card Debt.

It's Easy To Underestimate The Real Cost Of Home Ownership.

We Each Focus On What We're Going To Buy, But That's An Incorrect Focus. Focus Instead On Why You Want To Spend The Money On This Or That. What Feeling In You Does It Satisfy?

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.

The Way To Build Your Savings Is By Spending Less Each Month.

Many People Are In The Dark When It Comes To Money, And I'm Going To Turn On The Lights.

Nothing's Greater In Life To See Somebody Who Doesn't Have Start To Value Who They Are And, As Soon As They Feel Valued, They Can Change This World Too.

When You Give, Give From The Place Of The Heart Because It Is The Right Thing To Do, Not The Easy Thing To Do.

The Things That Matter Most In This World Are Those That Carry No Price Tag, For They Can Neither Be Bought Nor Sold At Any Price.

You Must Trust Yourself More Than You Trust Anyone Else With Your Money.

If A Child, A Spouse, A Life Partner, Or A Parent Depends On You And Your Income, You Need Life Insurance.

If You Expect Your Money To Take Care Of You, You Must Take Care Of Your Money.

But Credit Card Debt Is Unsecured Debt, Which Means If You Get In Trouble And Cannot Pay Off Your Credit Card, You Can Discharge It In Bankruptcy. What Are They Going Do To You? If You're In A Financial Position To Just Methodically Pay Off Both Credit Card And Student Loans, Pay Them All.

People's Feelings About Themselves Change When They Change The Way They Handle Their Money. Once They Begin Treating Their Money With Respect, Their Self-respect Shoots Up As Well.

The Foundation Of A Financial Fresh Start Actually Has Nothing To Do With Money Or Specific Financial Dos And Don'ts.

If You're Not Staying On Top Of Your Money, You Are Putting Your Financial Well-being At Risk.

The Truth Is That You Are Nothing More Than The Custodian Of Your Inner And Outer Wealth While You Are On This Planet. All You Have To Decide Is What Kind Of Custodian Do You Want To Be? Do You Want To Be A Good Custodian Of Your Inner And Outer Wealth? Or A Bad Custodian?

We Are All Powerless As Children, And Money Looms So Powerfully... We Don't Grow Up To Claim Our Financial Power Until We Look Money Directly In The Eye, Face Our Fears, And Claim That Power Back.

I Look Around And There Are Needs That People Have. Places Have Needs. These Times Have Needs, And I Have The Education And The Ability To Communicate With It And Help To Solve Those Needs.

Find $50 A Month For Savings. No Excuses!

People Have Got To Learn: If They Don't Have Cookies In The Cookie Jar, They Can't Eat Cookies.

Cut Back Your Spending Now.

I Think Oprah's [winfrey] Learned From Me That It's Ok To Be Harsh On People Because In One's Harshness You Can See Transformation Happen Right Before Your Very Eyes.

If You Pay Off Your Mortgage Before Retirement, You Take A Huge Financial Load Off Your Shoulders. You Also Become Eligible To Take Out A Reverse Mortgage Once You Turn 62.

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.

After You Marry, Every Asset Either Of You Acquires Is Jointly Held. That's Why You Both Need To Be In Sync On Your Long-term Financial Goals, From Paying Off The Mortgage To Putting Away For Retirement. Ideally, You Should Talk About All This Before You Wed. If You Don't, You Can End Up Deeply Frustrated And Financially Spent.

Financial Goals

How You End Something As Profound And Important As A Marriage Is A Reflection Of How You Live Your Life--financially, Emotionally, And Spiritually.

A Cash Advance On A Credit Card Is One Of The Worst Types Of Borrowing Because The Interest Rate Is Typically 21 Percent Or More.

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