Today Emily and I, along with some other bloggers, got to chat with the DYNAMIC and passionate Suze Orman on the phone, thanks to Avon. Suze is the financial advisor to all of Avon’s independent consultants. Isn’t that cool? She’ll also be featured in Avon’s “Success Without Limits” program, airing on Oxygen at 6:30 PM this Saturday. Suze’s personality was as large over the phone as it is on her financial television show. She was very funny and straight forward and she gave us some great financial advice.
Here are three key things I learned from our call with Suze today:
1) Your emergency fund should contain enough money for you to live off of for eight months! I didn’t realize this, I was thinking more four to six months! Very eye-opening.
2) Going back to school? Don’t defer your previous student loans! Just keep paying them off. Student loans can almost never be discharged in a bankruptcy filing should you fall on hard times, so get them out of the way NOW.
3) You should never start saving for your kid’s college funds until you are out of credit card debt, have a fully-funded emergency fund, and are putting savings away for your own retirement. Once you have those things in place, Suze recommends a 529 college savings plan.
For more great financial tips, you can visit Suze’s website – and Suze was kind enough to give all of us and our readers a FREE GIFT! From now until Midnight on Saturday, April 25th, you can download Suze’s Will & Trust Kit – valued at $2,500 – for FREE!! Here’s how:
Just go to suzeorman.com and click the “Will & Trust Kit” link in the blue bar on the left-hand side of the home page. Click the orange “Gift Code” button and enter “Moms Rule” into the gift code field. Click the green “Submit” button and follow the instructions to redeem your free copy of the Will & Trust Kit.
I did this tonight and finished the whole kit in less than two hours – that’s with my kids running around everywhere and my phone ringing off the hook! It is an awesome resource. You do it all online and then it prints to PDF for you. Amazing! Thanks Suze, for the great call today and the great gift.
Wow! This is great, the Hubs and I were just talking about making a will now that we have our son and the house…Thanks 🙂
What’s Avon?
thank you so much!!
great resource, thanks!!!
This is a great recap! Don’t forget to remind your readers that there are more recaps and information about the Suze call at http://www.travelingmom.com/blogger/suze-orman-answers-your-questions-about-women-business/