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☆ ‘If you can afford to buy, you always buy,’ says Suze Orman
▼ + stars: | 2024-05-01 | by ( Clemente Duran-Ballen | ) edition.cnn.com time to read: 1 min

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☆ Why some people feel good about their bank accounts but bad about the economy
▼ + stars: | 2024-04-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

A recent Wall Street Journal poll of American voters in swing states found that while people think the national economy is in bad shape, they feel good about their personal finances. In Gallup polling from last April, just 16% rated the economy as “good” or “excellent,” but 45% said their personal finances were “good” or “excellent.”But according to available data the economy has improved. But the dichotomy between how people feel about their own finances and the economy at large presents a different conundrum. It’s important to look at consumer behavior and not just sentiment when determining how Americans feel about the economy, said Harris. Those behaviors signal that Americans, overall, actually feel pretty good about their economy.

Persons: New York CNN — Nathan Frederiksen, “, ”, ” Frederiksen, It’s, “ We’ve, I’ve, ” He’s, —, Wisconsin —, Joe Biden, Ben Harris, else’s, ” Harris, Harris, Jonathon Barricklow, Barricklow, we’d, Dave Koloskee, he’ll, Megan McCoy, we’re, ” McCoy, Julie Levitch, Suze Orman, she’s, I’m, ’ ”, ‘, they’re Organizations: New, New York CNN, CNN, Gallup, Economic, Brookings, Bureau of Labor Statistics, Facebook, Kansas State University, “, Finance, LinkedIn Locations: New York, Boise , Idaho, Arizona, Georgia, Michigan, North Carolina , Nevada , Pennsylvania, Wisconsin, it’s, United States, Bowling Green , Ohio, East, Europe, Erie , Pennsylvania, Scottsdale , Arizona

☆ Oprah's WeightWatchers departure proves she still has the power to move the needle
▼ + stars: | 2024-03-01 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

On Thursday, WeightWatchers stock was worth $3.12 — down from a 2021 high of $40. WeightWatchers' value jumped by $700 million in just two days after Winfrey joined the company in 2015, with shares more than doubling. AdvertisementBut WeightWatchers and other weight loss companies have struggled in the recent Ozempic-era, as GLP1 medications become more accessible and commonplace. (Evidence suggests Winfrey's endorsement of GLP-1 medications sparked a spike in demand for them, as well. ) The statement said WeightWatchers' board of directors is supportive of Winfrey's proposal to donate her stock to the museum.

Persons: —, Winfrey's, Winfrey, Oprah Winfrey, Phil, Oz, Suze Orman, WeightWatchers, Semmelbauer Organizations: Service, Business, WW International, Magazine, National Museum of Locations: WeightWatchers

☆ Restaurants Across America Are in Crisis Because of Stubborn Diners
▼ + stars: | 2024-02-22 | by ( Corey Mintz | ) www.businessinsider.com time to read: +13 min

Unlike most in rich countries, American restaurant servers depend primarily on tips for their income. You might not know “dynamic pricing” by name, but if you’ve ever booked a flight, hotel room, or gone to the movies on a Tuesday, you understand it intrinsically: Dynamic pricing is when the price of goods or services fluctuates based on demand. “When confronted with dynamic pricing, customers react negatively,” a 2022 study said . In late 2023, after 35 years, Bayless decided to try dynamic pricing, raising the dinner menu on weekends from $165 to $185. Nick Kokonas, who cofounded Toast, also uses dynamic pricing at his Chicago restaurants.

Persons: Toast, they’re, Tipping, Michael Lynn, Zachary Brewster, Lynn, L’Oca, “, ” Adam Orman, we’ve, haven’t, Crudo, you’ve, Sherri Kimes, Rick Bayless, Bayless, It's, ” Bayless, ”, Roger Yang, Nick Kokonas, Ari Weinzweig, ” Weinzweig, Yang, Corey Mintz Organizations: National Restaurant Association, Bureau of Labor Statistics, waitstaff, Cornell University, “, Michelin Locations: America, Italian, Austin, Angeles, Chicago, Toronto, Ann Arbor , Michigan

☆ A 12% retirement return assumption is 'absolutely nuts,' expert says. Here's a realistic rate to expect
▼ + stars: | 2024-01-19 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

GlobalStock | Getty ImagesReturn assumptions as a lesson on compoundingThe point of the example was not to expect a 12% average rate of return on your money, Orman tells CNBC.com. Why 12% is an optimistic benchmarkThere's a reason that 12% tends to be used as a benchmark, according to Blanchett. How much retirement savers can expect to earnSo how much can you realistically expect to earn on your retirement investments? The first example with a 12% average rate of return is to illustrate the power of compounding. How your personal rate of return may varyTo be sure, no rates of return are guaranteed.

Persons: Orman, CNBC.com, Young, Roth, Ramsey, Blanchett, It's, " Blanchett, Brian Spinelli, Spinelli Organizations: IRA, Fidelity, Global, CNBC's Locations: Long Beach, Calif

☆ At 31, ‘cash-strapped’ single mom started saving $25 a month—she used it to launch a business that brings in $440,000 a year
▼ + stars: | 2024-01-15 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

In 2000, Penny Bowers-Schebal was a 31-year-old "cash-strapped" single mother struggling to cover basic household bills. She wanted to "build financial security" beyond the 401(k) program at her employer, Progressive Insurance, she tells CNBC Make It. So, at the advice of Suze Orman, she started putting $25 per month into a Dividend Reinvestment Plan (DRIP). Ultimately, her Home Depot investment brought her an annual return of roughly 13%. "I'm not a big investor, and this was a life-changing investment for me," Bowers-Schebal, now 55, says.

Persons: Penny Bowers, Schebal, Suze Orman, — Bowers, Bowers Organizations: Progressive Insurance, CNBC, Depot Locations: Geneva , Ohio, Erie , Pennsylvania

☆ AI Career Switchers: Meet Five People Who Quit Old Roles for AI Jobs.
▼ + stars: | 2024-01-02 | by ( Aaron Mok | ) www.businessinsider.com time to read: +10 min

These workers in accounting, product management, defense, and music quit their jobs to work in AI. Moritz Kremb quit his product manager job to focus on his AI business. Ted Lebantino says there's a high learning curve in developing AI skills. To make the jump into AI, Kremb suggests making a name for yourself on social media by creating content about AI. As for Fineberg, the AI startup CEO says you don't even need to quit your job to break into it.

Persons: —, Moritz Kremb, OpenAI's ChatGPT, Kremb, Weeks, Moritz Kremb There's, who've, Justin Fineberg, there's, Justin Fineberg Justin Fineberg, Uber, Fineberg, Jacqueline DeStefano, Tangorra, Lockheed Martin, Ted Lebantino, — Lebantino, Javier Orman, Javier Orman DeStefano, DeStefano, Orman, switchers Organizations: Service, Business, Meta, Netflix, New Yorker, Omni Business Intelligence Solutions, Lockheed, San Francisco Bay Area, LinkedIn Locations: New, New York, Long, San Francisco Bay, Chicago

☆ Are you financially illiterate? Suze Orman says 'probably 95%' of Americans are
▼ + stars: | 2023-11-03 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

When asked by Wallace what percentage of Americans she thought were financially illiterate, she said, "Truthfully, probably 95%." So-called "traditional" accounts, including 401(k)s and individual retirement accounts, give you a tax break up front. Because you fund these accounts with money you've already paid taxes on, your contributions don't count against your taxable income. Contributions to these accounts are made with after-tax money, but investments in them grow free from federal or state tax. You can contribute to any state's plan — and each plan comes with different investing options — but you'll generally only receive tax benefits, if they're offered, by investing in your home state's plan.

Persons: Suze Orman doesn't, Suze, Orman, Chris Wallace, Max, Orman —, Wallace, here's, Roth, you've, Sheryl Garrett, Powers, they're Organizations: Garrett Planning Network, CNBC, Internal Revenue

☆ Suze Orman: ‘Big mistake if you park your money forever in bonds’
▼ + stars: | 2023-10-28 | by ( Meredith Mutter | ) www.cnbc.com time to read: 1 min

Suze Orman has a warning for investors relying too heavily on bonds. The personal finance expert believes the draw of high interest rates and an aversion to risk taking are preventing too many people from taking a "lifetime opportunity" in the stock market. … Yes," the "Women & Money" podcast host told CNBC's "Fast Money" this week. "You'll be making a big mistake if you park your money forever in bonds." Orman, who is also co-founder of emergency fintech company SecureSave, notes long-term investors should have the stomach for the stock market's twists and turns.

Persons: Suze Orman, CNBC's, Orman

☆ Suze Orman gives her rising rate playbook, advice for consumers
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSuze Orman gives her rising rate playbook, advice for consumersSuze Orman, Personal Finance Expert, joins 'Fast Money' to talk her personal finance playbook as credit card interest rates continues to climb.

Persons: Suze Orman

☆ Prenups should be a part of every marriage, not just among celebrities and the wealthy, financial experts say
▼ + stars: | 2023-09-11 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Financial experts, however, say that's not the case, and that all couples should consider them. They said prenups can be like insurance or a financial safety net. Financial experts, though, see a different side to the agreements and think all couples should consider them. Theresa Viera, an attorney based in South Carolina, told NPR that prenups are financial safety nets, not harbingers of separation. Prenups can protect you from being responsible for your spouse's debt, Orman added, and protect your property both before and after the marriage.

Persons: that's, Theresa Viera, Viera, Suze Orman, —, they've, Orman, prenups Organizations: Service, NPR, CNBC, Harris Interactive Locations: Wall, Silicon, South Carolina

☆ Ayvalık and Cunda: Turkey's prettiest Aegean coast resorts
▼ + stars: | 2023-05-24 | by ( Feride Yalav-Heckeroth | ) edition.cnn.com time to read: +9 min

Alongside classic beach towns like Bodrum and Alaçatı, two of the coast’s loveliest spots are the little-known seaside town of Ayvalık and the nearby island of Cunda. Near the Taksiyarhis Memorial Museum, in a beautifully renovated historic house with large arched windows, is Moyy Atölye. For a truly Aegean dining experience inside an olive grove, Karina Ayvalık is worth the 10-minute drive south to the village of Küçükköy. “I can breathe in the Aegean air and feel history as I walk through the old streets with their historic houses. Getting lost on Cunda leads to discoveries – like the Cunda Taksiyarhis Rahmi M. Koç Museum inside a renovated Greek Orthodox church with a collection of antique cars, motorcycles and toys.

The young entrepreneur made waves as a teenager by scoring over $2 million in college scholarships, which allowed her to graduate debt-free from Princeton University in 2022. Through brand deals, digital products and private consultations, her business, Growing With Gabby, earned $177,000 in 2022. Gabby Carter, 22, earned $133,000 last year from her corporate job and her business, Growing with Gabby. But throughout high school and during college, she won 35 different scholarship awards totaling over $2 million — enough to graduate debt-free and with over $100,000 in savings. "That made people very curious about how I was able to have scholarship success."

☆ 3 tips can help you save if you're living paycheck to paycheck, personal finance expert Suze Orman says
▼ + stars: | 2023-04-12 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

watch nowWhen you're living paycheck to paycheck, it can be tough to find money to save. More than half, or 58%, of all Americans are living paycheck to paycheck, according to the March results. If you find setting money aside difficult, it's a sign that it's time to change your lifestyle, personal finance expert Suze Orman said. Automate your savingsTo get into the habit of setting money aside, it's best to automate the process, Orman said. Once you start to automate savings and you love savings as much as you love spending ... you will not be living paycheck to paycheck.

☆ Need more cash? Maybe it's time to launch a side hustle—here's how to get started
▼ + stars: | 2023-04-05 | by ( Cindy Perman | ) www.cnbc.com time to read: +4 min

That has left nearly two-thirds of all Americans living paycheck to paycheck, according to a new report from LendingClub. Think about your friends, neighbors and others in your social network: What do they need and what would they pay money for? Consider the tax and legal implicationsIf you do launch a side hustle, make sure you understand any tax and legal implications. RBC Wealth Management suggests you ask yourself these additional questions: Will you need a license, insurance or to establish a corporation? What are the tax implications of the extra income?

☆ Don't be fooled by these 9 common money myths, finance gurus say
▼ + stars: | 2023-04-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +8 min

CNBC polled eight personal finance experts to help answer one question: What are the biggest money myths out there for consumers? Dealers therefore can have an incentive to charge a higher rate because they will also make more money, she said. Myth #3: Financial 'advice' always has your best interests at heartThere's a misconception that every financial advisor is a "fiduciary," said George Kinder, who pioneered the "life planning" branch of financial advice. "Although households and regulators remain concerned about the cost of financial advice, it's the absence of holistic financial advice that turns out to be so expensive," he said. There are many different fee models for financial advice, and the cost doesn't have to be significant: Many advisors have hourly or project rates, for example.

☆ With a recession looming, it's an important time to have an emergency savings account, finance expert Suze Orman says
▼ + stars: | 2023-03-30 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

watch now"There has never been a time that as much as right here and right now in the recent past that an emergency savings account is vital, absolutely vital," Orman said. In 2020, she co-founded SecureSave, a company working with employers to provide emergency savings accounts to employees. "If you go back through my entire history of almost 40 years now, I've been [saying] emergency savings, emergency savings, emergency savings," Orman said. How your emergency fund deposits are insuredAn important part of emergency savings is easy access, which means most people are looking at some kind of high-yield savings account. Generally, deposit accounts are eligible for $250,000 coverage for the sum of accounts at an institution in this category, which includes checking accounts, savings accounts, certificates of deposit or money market deposit accounts.

☆ How women answer 5 questions may be a financial wake-up call, personal finance expert Suze Orman says
▼ + stars: | 2023-03-26 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

At the end of each episode of her long-running eponymous CNBC show, Suze Orman would close out with the phrase, "People first, then money, then things." Women took that to mean they should give to other people and be generous, according to Orman. Years after those episodes aired, there is still a distinct difference between how women and men handle their finances, Orman told CNBC.com in an interview. The message is one Orman has been working to get across through her "Women & Money" podcast. The tagline for the show is "and everybody smart enough to listen," and the show has a "tremendous" male following, according to Orman.

☆ Suze Orman is staying conservative with her investments, shunning tech and buying T-bills
▼ + stars: | 2023-01-28 | by ( Bree Doyle | ) www.cnbc.com time to read: +1 min

"Starting quite a while ago now, I got totally out of tech," Orman, the SecureSave founder, recently told CNBC's " Fast Money ." Yet, she wouldn't cash out of another winning sector: Energy. "I am still a big believer in energy stocks," said Orman. XLE 1Y mountain Energy stocks, 1-year Admittedly too-early on the call, she recommended investors pile into energy in March of 2020. As of Friday's close, the Energy Select Sector SPDR Fund, which tracks the energy sector, is up four percent so far this year and 66% over the past three years.

☆ Suze Orman: Americans are short on emergency savings amid 'dangerous scenario' for economy
▼ + stars: | 2023-01-25 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

"You have to have an emergency savings account, whether you're in recession or not in a recession," Orman said. Americans living paycheck to paycheckThere's never been a better time to have emergency cash set aside. A new survey from Bankrate.com finds that most adults — 57% — are unable to afford an emergency $1,000 expense. At the end of a year, people are often surprised by the sums they save, whether it be $600 or $1,000, Orman said. "Once you start seeing how easy it is to save, the more you like to save," Orman said.

☆ A couple that went from having 'terrible credit' and working restaurant shifts built a multi-million dollar real estate portfolio that earns $30,000 a month in revenue. They explain how anyone can sta
▼ + stars: | 2022-12-26 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

Here is their four-step guide to investing in real estate. Get your personal finances in orderThe first and most important step to take before investing in real estate is to establish a solid financial foundation, the couple emphasized. You're not going to learn everything you need to learn about real estate in a five second TikTok video. Real estate investor Natia SeegarsThe more time you invest in educating yourself about real estate, the more likely you are to succeed, they emphasized. "You're not going to learn everything you need to learn about real estate in a five second TikTok video," said Natia.

☆ Not having an emergency fund can lead to one of the biggest money mistakes, Suze Orman says. How Congress may help
▼ + stars: | 2022-11-30 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

Suze Orman speaks during AOL's BUILD Speaker Series at AOL Studios In New York. In a pinch, it can be tempting to take money from your 401(k) plan or other retirement savings account. But that may be one of the biggest financial mistakes you can make, personal finance expert Suze Orman said Tuesday during a webcast hosted by the Bipartisan Policy Center. "The majority of Americans, in my opinion, barely have the money today to pay for their everyday expenses," Orman said. To break that cycle, people need to establish an emergency savings account dedicated solely to unexpected expenses, Orman said.

☆ Tomorrow is your last chance to earn a 'nearly risk-free' 9.6% return on your money
▼ + stars: | 2022-10-27 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

If you've been looking for an investment to keep up with inflation, everyone from your financial planner to your dad to Suze Orman has likely recommended looking into Series-I savings bonds, also known as "I bonds." These inflation-adjusted bonds backed by the U.S. government pay a fixed rate throughout the life of the bond, plus an inflation rate pegged to changes in the consumer price index. Given how high inflation has been, these bonds currently offer a record 9.62% annual interest rate. If you haven't bought in already, rushing to get it done by tomorrow could be worth it, says Naveen Neerukonda, a certified financial planner with PVA Financial in Chicago, Illinois. If you already have certain bases covered financially, "this is a great opportunity, given the nearly risk-free nature of I bonds," he says.

☆ Emergency savings account startup SecureSave has partnered with the likes of the San Antonio Spurs and Truist. See the fintech's 20-slide seed fundraising deck.
▼ + stars: | 2022-09-27 | by ( Carter Johnson | ) www.businessinsider.com time to read: +4 min

SecureSave, a fintech launched in 2020, works with employers to offer emergency savings accounts. The origins of SecureSave — a Kirkland, Washington-based fintech that works with companies to offer emergency savings accounts, or ESAs, to employees — began with a single email to a Seattle-based venture studio and investor. In some ways, emergency savings accounts resemble health savings accounts, through which workers can set aside pre-tax earnings to save for medical care. In the US, health savings accounts have grown over time into a nearly $100 billion industry, by assets under management, according to the HSA industry group Devenir. But according to Miller, employers are recognizing that ESAs can pay for themselves — through employee retention and as a competitive advantage when hiring.

But I ignored her advice to invest in market index funds, worried about losing my money in a volatile market. While she recommends investing mostly in market index funds, I veered toward safer, more conservative options. Like Orman, he recommended several market index funds, and further nudged me toward even more aggressive growth funds. However, if I had instead listened to Suze Orman and invested in a market index fund, like Schwab's S&P 500 Index Fund (SWPPX) or the Schwab Total Stock Market Index Fund (SWTSX), that $20,000 would have grown to nearly $70,000 — that's a swing of almost $40,000. My refusal to accept a reasonable amount of risk limited my downside, preserving my annual Roth IRA contributions.

Persons: Suze Orman's, —, Orman, Schwab, Janus Henderson, Roth, Suze Orman, I'd, bitcoin Organizations: Service, Young, Dow, & Napier, Schwab, Market Index, Shelton Nasdaq Locations: that's, Michigan, Seattle

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