One of the questions that I'm getting more than I've ever gotten before is about gold. Why? Because gold has been going up and up in value. Should you sell it? Should you keep it? And what's the best way of investing in gold?
Money Lesson: Choose to invest in gold exchange traded funds (“ETFs”) instead of actual gold. You should have 10-15% of your portfolio in gold ETFs.
HOW TO INVEST WISELY
What if you had all the money you needed and your financial ducks were all in a row? What then? Would you be happy? Or would you feel guilty about what you had? If the relationship between you and your money is harmonious, regardless of how much you have, your financial transactions will be harmonious as well. It’s time you learn how and where you will invest your money as well as how to spot a great financial advisor.
Money Lesson: Getting your financial house in order allows the flow of blessings in your life.
HOW TO FIND HIDDEN MONEY
So many of you have all these treasures around you and you don't even know it. Some of you even have money that the state has been holding for you without your knowledge. I even had secret money that I was able to recover with the help of the "Missing Money Lady," Mary Pitman.
Money Lesson: Nobody is going to care about your money more than you. Look for missing money in your name and your parents' name as well.
SUZE'S CAR SHOPPING SECRETS
Before you take the steps to buy a new car, remember that cars are a depreciating asset. Can you really afford a new car? Answer Suze’s car shopping questions in the workbook below, and follow her advice for a clear answer.
Suze’s New Car Check List:
1. Be aware that the low rates you see advertised are typically only for borrowers with pristine credit scores (above 720 or so). So make sure your score will qualify you for a great rate.
2. Get a maximum loan term of 36 months—no longer. A car is a depreciating asset, so you should put as little money as possible into the purchase. The longer the loan, the more you pay in interest.
3. Consider a gently used car. Since the most significant drop in a car's value occurs in the first two or three years, buying one that's just a few years old means you avoid paying for those early years of big depreciation.
This information is for discussion purposes only. It is speculative and based on assumptions that may not be correct or complete. OWN: Oprah Winfrey Network and its affiliated entities and Suze Orman and her affiliated entities do not represent or warrant its accuracy. This is not a legally binding commitment and OWN: Oprah Winfrey Network and its affiliated entities and Suze Orman and her affiliated entities shall have no liability, and disclaim all direct, indirect, consequential, punitive or other damages, for the use of, or reliance on, this information.