From Yahoo Finance: 2025-04-18 06:32:00

Personal finance expert Suze Orman shares her journey from humble beginnings to financial success. She emphasizes living below your means, having an emergency fund, and working towards financial independence.

Orman stresses the importance of having an emergency fund to cover unexpected expenses. Shockingly, 42% of Americans lack an emergency fund, and 63% don’t have enough savings for a $500 expense.

To build a strong retirement nest egg, start saving early and aim to save at least 15% of your income for retirement. Utilize retirement accounts like a 401(k) and consider investing in a taxable brokerage account for early retirement.

Orman advises being strategic with investments and adjusting asset allocation as you near retirement. Consider reducing stock exposure and moving into more stable investments like bonds as retirement approaches. It’s important to plan and prepare for a secure financial future.



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