My rating: 5 of 5 stars
"Whether we speak about it or not, we are grappling with the frightening possibility, the fear, that we no longer live in a land where effort applied to opportunity produces a better life." - Suze Orman, The Money ClassSuze Orman takes the current financial environment and explains how to best handle your money so you can retire someday. Her advice steers us away from making destructive and impulsive decisions that can have massive negative effects in the future. She asks us to take responsibility for how we deal with money when we are being urged on all sides to spend.
The biggest lessons I took away are that it is important 'to stand in your truth' and "Live below your means but within your needs." Her new advice for families suggests your goals should be that:
- You do not have credit card debt.
- You have an eight-month emergency savings fund.
- You have a term life insurance policy.
- You are saving for retirement; aiming to set aside 15% of your gross salary.
Even though I am retired, I read the whole book. You should too.
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