Video: Suze Orman, How You Can Protect Your Money (Today Show)
Written by Real Telecommuting on November 21st, 2008
Financial expert Suze Orman talked about steps people must take in our worsening U.S. economy on the Today Show on November 21, 2008. Foremost, we must stop spending and, if in debt, we must get out of debt.
Update: In a recent article, she discussed nine small money steps that can make a difference. Here is an excerpt:
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. I am not suggesting that you can snap your fingers and have everything taken care of.
What I’m telling you is to move toward your goals in steps. Rather than get lost in the big picture — “Eight months? Are you crazy, Suze? I can never do that!” — focus on what is within your power: the sums you can sock away every week or month to get closer to what you’re trying to achieve.
Put $50 a week into a bank savings account earning 2 percent interest, and in three years you will have saved more than $8,000.
The article continues here: 9 small money steps that pay off big
November 21st, 2008 at 1:05 pm
[...] politikly.com | politics and world news wrote an interesting post today onHere’s a quick excerpt Financial expert Suze Orman talked about steps people must take in our worsening U.S. economy on the Today Show on November 21, 2008. Foremost, we must stop spending and, if in debt, we must get out of debt. [...]