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What is some top financial advice from Suze Orman?

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Quick Answer

Suze Orman’s top financial advice, as of 2015, includes paying bills on time, maintaining a good credit rating, and investing wisely for retirement, according to Oprah.com. She recommends focusing on the future and believes wealth is built over time.

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Full Answer

Suze Orman is a well-known financial advisor, television host and best-selling author. She advises developing a long-term retirement strategy by investing in stocks that offer a high return, as stated in an article on Oprah.com. Orman suggests keeping 80 percent of investments in stocks and 20 percent in bonds in your 20s and 30s, and then increasing the percentage of bonds in your 50s and 60s. Other tips include increasing home energy efficiency to reduce utility bills, putting savings in a low-risk or money market account, and keeping savings and investments separate.

In an interview with Forbes.com, Orman suggested having an emergency fund to cover basic living expenses for at least eight months to a year. She recommends setting a goal of being free of debt and owning your house by the time you retire. Orman advises buying a home you can afford and one that increases in value over time. She also warns not to expect a home to finance the retirement years. She also recommends diversifying retirement savings by investing in mutual funds that own dozens of stocks in their portfolios.

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