Suze Orman: Don't make these 4 'financially foolish' mistakes in the new year

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“If you have credit card debt that you can’t pay off at the end of every month, you’re being financially foolish with your money,” SuzeOrmanShow says. (via Grow_mag)

as well, either a Roth 401 if your employer offers one or a Roth IRA. These accounts are funded with money you've already paid taxes on. Your investments in them grow tax-free and you can withdraw your money without paying taxes in retirement., "you are missing out on the compounding years of your life," she says. "You are young. These are the years that it's not a dollar that you're investing. It's like $10, $20 in future earnings.

Life insurance comes in two flavors: term policies, which stay in effect for — you guessed it — a predefined term, and permanent policies, which include universal and whole life insurance, which last until you die. "If you need life insurance to protect your family, the only type of life insurance you should be looking at is term insurance," says Orman.than the other options. It allows you to have a policy for when you need it, say until your young kids grow up and go to college, or until you retire and can live off of your savings.

There are plenty of online calculators that can help you determine what a policy might cost you. According to, a 30-year-old male in good health can expect to pay between $38 and $47 a month for a policy that pays out $500,000 if he dies before the age of 65. These aren't the only financial challenges that folks face, Orman says. But addressing your financial shortcomings now is the best way to prepare yourself for the future. "Those are the things that would make you financially smart," she says.

 

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SuzeOrmanShow Grow_mag There’s weekslapse of benefits is she in crack?

SuzeOrmanShow Grow_mag You must be able to pay it every time

SuzeOrmanShow Grow_mag It's even easier ... don't use credit cards, just use cash in your pocket ...

SuzeOrmanShow Grow_mag

SuzeOrmanShow Grow_mag Too bad we’re not rich like her so we can pay it off

SuzeOrmanShow Grow_mag Is there any other kind of foolish with your money?

SuzeOrmanShow Grow_mag 1. Buying this jacket

SuzeOrmanShow Grow_mag

SuzeOrmanShow Grow_mag Don’t care 🤷‍♂️ I am broke ! My wife left me cause I cheated !! My car is a piece of shhhh I got a Roomate from craigslist The height of my days is when I I masturbate myself to sleep and drink Heineken watching below deck

SuzeOrmanShow Grow_mag Well I can’t pay them off they are tied up in $TSLA otm calls and $BTC

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