I’m a BIG fan of Suze Orman simply because she gives practical advice on personal finance. I try and catch her show every Sunday on CNBC (here’s the TV schedule). I happened to read this recent interview with Suze Orman where she answers questions posed by a group of personal finance bloggers. Though some of the questions are specific to the situation in the United States, her answers/advice are generic enough to be of value to a wider audience. I urge you to read it in depth and identify your personal takeaways.
I particularly like this advice — having been down this road myself.
My advice to people who were once in credit card debt and now theyâ€™ve gotten themselves out of credit card debt is I would literally cut up all of my credit cards. I would not be carrying them…
You won’t find my credit card in my wallet. Therefore, I can’t lose my credit card and I can’t charge a rupee on it. Stress free and honestly liberating. You’ve got to try it.
Awareness Fridays is my initiative to spread awareness on topics relevant to personal finance — every Friday. I urge you to take some time off and absorb this information — it’s pretty useful. And, as always, do spread the word if you find this useful.
Keep the blogs flowing…
I like the way of your presentation and it’s very much inspiring too for youths like me.. all your inspiring words will definitly help me to grow better financially.Thanks for your Adivice.
‘Wealth Show’ conducted by Monika Halan (Editor, Outlook Money) at NDTV Profit on Sat 1400 hrs and Sun 2200 hours. A good show. You definitely enjoy.
One should give due regard to money management .A simple but very effective way of realizing the essence of money management.