Suze Orman advises cutting back on dining out to build wealth

From Yahoo Finance: 2025-05-09 13:02:00

Suze Orman, personal finance expert and bestselling author, shared insights on managing money on the Richer Way Podcast. She emphasized the impact of dining out on savings and financial goals. Orman advised living below your means, pointing out that dining out is a common expense that can be cut back to build wealth.

Orman highlighted the need to rethink attitudes toward money, emphasizing that money reflects who you are. She stressed the importance of understanding the role money plays in your life and how it can teach you about yourself. By addressing money problems with awareness and attitude, financial issues can be resolved without relying solely on money.

Despite her wealth, Orman practices frugality by avoiding unnecessary expenses like dining out. She emphasizes the value of respecting and honoring money, which in turn honors you. Orman’s philosophy underscores the importance of frugality in wealth-building and the lessons money can teach about oneself. 1. The stock market reached new highs today, with the S&P 500 closing at a record 4,500 points. Investors are optimistic about strong corporate earnings and economic recovery. Tech stocks saw significant gains, driving the market up overall.

2. The latest job report showed a decrease in unemployment rates, with only 5.2% of Americans currently out of work. The economy added 235,000 jobs last month, exceeding expectations. Analysts cite increased consumer spending and business investments as contributing factors to the positive trend.

3. In international news, tensions are rising between Russia and Ukraine as Russian troops continue to amass near the border. The US and NATO have expressed concerns over a potential invasion, calling on Russia to de-escalate the situation. The conflict threatens stability in the region and global security.



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