One-woman financial advice powerhouse and two-time Emmy Award-winning television host, Suze Orman, is not just one of the nation’s best known financial advisors, she’s also a New York Times bestselling author and one of the top motivational speakers in the world today.
The Suze Orman Show aired on CNBC from 2002 until March of this year and won her a Gracie Award for Outstanding Program Host in 2006. And Suze is currently in development of a new series with Warner Brothers.
Today she sat down on ‘Dot Complicated with Randi Zuckerberg’ to discuss finances, fishing, and FICO scores. Here’s the quotes:
“Tech people are passionate about making money but not passionate about what to do with it.”
“When I first heard about REI closing, I thought they’re not only protecting their employees, but they’re protecting people who buy things they don’t need.”
“People first, then money, then things.”
“What needs to go away is traditional banking. They’re geared toward making money off of people.”
“Nobody cares about your money than you do.”
“I was a broker right when discount brokerage firms started. Everyone said no way. And look what happened. The same is going to happen with Fin-Tech.”
“’Money Wars’ premieres in September 2016. It goes into a place about money no one has ventured before.”
“The greatest thing I ever accomplished was being a waitress and becoming who I am today. There’s hope.”
“My story is one of going from poverty to prosperity. It can be done.”
“I had $50k to put in a money market account. My broker was a crook and all the money was lost.”
“Stop putting yourself down and start investing just a little bit of money.”
“Go to SuzeU.com and start learning there. It’s free.”
“Men tend not to do the household finances.
“Women, once they get a grasp of something and don’t take as many risks as men. Which is something I’m an advocate of.”
“My job is to protect you from all the other people trying a living off of you.”
“It’s never about the money.”
“Do not risk your own money. Do not take out an inheritance to put into a business.”
“If someone else isn’t interested in investing in your business then maybe it’s not as good idea as you think it is.”
“A great idea will emerge from your mind, not from your money.”
“Power attracts money, powerlessness repels it. Money flows through people. “
“When you are powerful you attract people.”
“Women made up over 51% of the working population in 2008 . Layoffs were needed yet women will work for free and give up their vacations. I had men calling in making over $250k and couldn’t get another job. Women would work wherever they could.”
“Corporations know we put ourselves on sale. Never ask a yes or no question. Walk in knowing your worth. I want a 10 or 15% raise. Which will you give me.”
“If they’re not willing to value who you are, you need to learn that sooner than later.”
“Don’t compare yourself.”
“Women need to demand as much as men.”
“If it’s a company that I really believe in I would get the minimum salary I needed to get by and take as much equity as they would be willing to give me.”
“Equity can be taxable to you. You could be paying income tax on shares that could be worthless one day.”
“When I was a waitress, two men used to come in all the time by the names of Steve Jobs and Steve Wozniak working from their garage. I kept wondering what they were working on. I’m an Apple girl through and through.”
“Kids do not do what you say, they do what you do. Are you excited about your finances? All the cues come from you.”
“Minors cannot inherit money.”
“Everyone used to have the American dream to buy my own home. Then 2008 and happened and people wanted to sell. You have to know to live your own American dream.”
“You need a 20% down payment, and then afford the insurance, mortgage, and an 8 month emergency fund. You need a buffer.”
“You want to live in the area you are. You need to know you are going to live in the home from 5 to 7 years.”
“Before you think about buying a home, get out of credit card debt.”
“We are closer to deflation than we are inflation.”
“If you have a Roth 401K, contribute up to the point of match.”
“When shopping for a mortgage do it within a two-week amount of time so you don’t get dinged by FICO.”
“Play house before you afford a $300k mortgage. Save 40% more than your mortgage payment.”
“SuzeU is free. We had almost 100,000 people sign up the first day.”
“SuzeU is the 7 most important parts of your life: Buy a car, home, how to invest.”
“FICO first then sex. You should know the FICO score of someone before you get involved.”
“The best way to get your score in MyFico.com Be careful of the other sites out there.”
“You should only be a freelancer if you have control over what you do with your time.”
“From little ideas great businesses grow.”
“Set up your own ROTH IRA putting away to $4-to 500 dollars a month.”
“Starting in 2017 corporations are going to have cut back due to a Cadillac Tax. The PPOs are going to go away. You may be better off being covered on your own.”
“We created a show called ‘Money Wars’ about making financial peace with yourself.”
“You can never fix a financial problem with money. They come from a lack of self worth.”
“Self worth equals net worth.”
“Taking care of their parents is the biggest challenge faces Millennials. Your parents probably blew it in 2008. Social security, Medicare is a financial wreck. Jobs will be eliminated.”
“Finances are a family affair.”
Join ‘Dot Complicated with Randi Zuckerberg’ every Wednesday at 12pm ET / 9am PT for all the latest in tech trends! Only on SiriusXM Business 111.
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