Suze Orman: 6 Bad Pieces of Money Advice

Suze Orman: 6 Bad Pieces of Money Advice

Nicole Spector Fri, January 3, 2025  GOBankingRates

There has always been bad advice out there about what to do with our money. But now, in an increasingly digital age where many of us are glued to social media apps, inhaling particle after particle of “expert” information, we’re inundated with all sorts of financial advice. Some of it is salient and good; but some of it could be terrible for us, or, at best, not rightly sized for our needs and wants.

Suze Orman has become a multimillionaire as a personal finance guru, and is quick to call out a piece of advice about money that should be avoided. Let’s look at six bad pieces of money advice that Orman has bluntly struck down.

‘It’s Fine To Hire a Financial Advisor Who Is Not a Fiduciary’

This one may catch you by surprise, if only because you may not know this distinction exists. Not all financial advisors are fiduciary financial advisors. A fiduciary financial advisory has the qualification and commitment to act in your best interest and is overseen by complex and specific rules.

A financial advisor who does not have a fiduciary duty could act against your best interests by, for example, investing your money in a stock that they want to see succeed for their own prosperity.

“Only advisors who operate as fiduciaries are promising to always put the client’s interest first,” Orman wrote in a blog on her site in 2020. “If you are interviewing potential financial planners, ask them if they are a fiduciary and if they will put that in writing if you work with them. This should be a super easy request anyone will quickly say yes to.”

 ‘You Have To Send Your Kid to an Expensive College in Order for Them To Be Successful’

Like fellow financial expert Dave Ramsey, Orman doesn’t at all disavow a college education, but she does have a scrutinizing eye when she sees people going into student loan debt to secure one. Her philosophy is that college is valuable, but needs to be obtained affordably.

She doesn’t want to see parents place too much importance on the best of the best when it comes to education and their children’s needs. She wants them to be practical and act within their budgets so that they’re not putting their own futures at risk in the name of helping their kids.

TO READ MORE:  https://www.yahoo.com/finance/news/suze-orman-6-bad-pieces-130007865.html

4 Reasons You Should Not Spend Your Rare $2 Bills

4 Reasons You Should Not Spend Your Rare $2 Bills

Caitlyn Moorhead   Thu, June 12  GOBankingRates

Sometimes called lucky, sometimes suspected as fake, the $2 bill, with its iconic depiction of Thomas Jefferson on the front and the signing of the Declaration of Independence on the back, has long been a curiosity when it comes to American currency and sorting through your cash.

The $2 bill has been in circulation, in various designs, since 1862, and while it is rarer than other dollars in your pocket, you can spend it like any other bill. Despite the novelty of it, you may or may not want to keep some of them in your stash as some are quite collectible and valuable.

Here are four reasons why you shouldn’t spend your $2 bills.

Collectors Could Pay You Much More Than $2

While most $2 bills are worth their face value, of well, $2, certain older bills or bills with unique serial numbers might fetch a premium among collectors. Here are some rare bills that could fetch you a lot of paper:

• 1862 and 1869 legal tender notes: These are the earliest $2 bills and feature a portrait of Alexander Hamilton (which was later replaced by Jefferson)

• 1890 $2 Treasury Note: An 1890 $2 Treasury Note featuring General James McPherson can be worth thousands so double check you’re not using it to tip your delivery driver, unless you were hoping to be very generous.

• 1928 red seal notes: The 1928 $2 bill was the first to feature Thomas Jefferson’s home, Monticello, displayed with a red seal rather than a green one.

• 1976 bicentennial $2 bills: This $2 bill was released to celebrate the U.S. bicentennial, and while most of them are only worth face value, some with special serial numbers, misprints, stamps or star notes can be worth hundreds of dollars.

Sometimes It Makes Sense To Be Sentimental

Many people have received $2 bills as gifts, keepsakes, tips or tokens of good luck. If your bill has sentimental value, you might be more inclined to keep it for its personal significance rather than its monetary worth.

Good luck can be hard to come by in this economy, so though handing over a $2 bill often leads to stories, questions and sometimes even debates about its legitimacy as currency, it may be worth keeping in your pocket next to your rabbit foot if you don’t need to spend it.

It Wouldn’t Make an Economic Impact

TO READ MORE:  https://www.yahoo.com/lifestyle/articles/4-reasons-not-spend-rare-200108291.html

What “Liberation Day” Could Have Been

What “Liberation Day” Could Have Been

Notes From the Field By James Hickman (Simon Black)  June 10, 2025

On July 9, 1807, after Napoleon’s crushing victory over an entire coalition of European nations, the King of Prussia was forced to sign the Treaty of Tilsit, formally putting an end to the conflict.

The peace treaty was devastating for the Prussians; they were forced to pay heavy tribute and war reparations to France, limit the size of the Prussian army, and hand over roughly 50% of their territory to Napoleon.

Just imagine what it must have been like to be living in Westphalia at the time (one of the regions that was ceded to Napoleon). One day you’re Prussian territory. The next day you’re French (and later an independent kingdom).

Everything changed. And that included the legal system.

Before Napoleon arrived, that area (especially Westphalia, part of modern-day Germany) was part of the decaying Holy Roman Empire, and its legal landscape was a tangled knot of conflicting systems.

There was feudal law, where obligations to lords governed land and labor.

There was Roman civil law, which had been in place since the 15th century, though inconsistently applied.

Ecclesiastical courts handled everything from marriage disputes to moral offenses.

Customary law varied by village and town, with local statutes often passed down orally or compiled in obscure legal codices.

Add to that guild regulations, imperial edicts, and the whims of local princes and bishops, and you had a legal system that was both impossible to navigate, and ripe for abuse.

This was all wiped away.

When Prussia handed over the territory of Westphalia, Napoleon immediately imposed the Napoleonic Code as the law of the land.

The Napoleonic Code, originally drafted in 1804, was radical for its clarity and uniformity. It abolished feudal privileges, standardized property rights, and enshrined the idea of equality before the law.

No more special courts for nobles or clergy. No more confusing tangle of contradictory rules. The code was divided into clear sections—persons, property, acquisition of property, and civil procedure—and it applied to everyone.

For the first time, a Jewish merchant in Kassel and a Lutheran farmer from Göttingen were subject to the same laws, interpreted by the same courts. That was unthinkable under the old regime.

The US is in desperate need of a similar Westphalian reset. The Law of the Land in the United States of America these days is an endless collection of conflicting and often obsolete federal, state, and local laws combined with countless court rulings and precedents, plus enough rules and regulations to fill a football stadium.

Plus the code of regulations grows by around 80,000 pages each year, so the monster only becomes larger.

It shouldn’t take being conquered or vanquished by war to have your legal code pruned of dead limbs.

In fact I heard a very smart guy on a podcast some years ago talking about how every law in the US should have a sunset clause so that it’s automatically abolished in, say, 5-10 years.

Bad laws will expire without any further action from Congress. Necessary ones will be updated and refreshed.

That “very smart guy” happened to be Elon Musk. And I imagine that was exactly the type of reform he had in mind when he bank-rolled Donald Trump’s presidential campaign... and it’s exactly what “Liberation Day” should have been.

Not across the board tariffs on staunch allies. Not bazillion-gajillion percent tariffs on China.

They should have liberated Americans from the 200,000+ page Code of Federal Regulations... many of which serve no purpose other than to frustrate commerce and productivity.

Bizarrely, for politicians who claim to care about “small business” and “the working class”, most of these rules hit small businesses and workers the hardest because they don’t have the resources (unlike big companies) to navigate Byzantine regulatory codes.

They’ve made it extremely difficult (to downright impossible, depending on the industry) to start a productive business. Good luck starting a restaurant in the state of California. Or a copper mine in the state of Arizona (where one unlucky business has been in permitting for 20+ years!)

The government doesn’t need to centrally plan anything; they just need to get rid of regulatory obstacles which make it more difficult for Americans to be more productive. And this is essential to saving the country from its $2 trillion annual deficits, and $36 trillion national debt.

You don’t need a PhD in economics to understand this problem; quite simply, the US economy needs to grow faster than the debt. That isn’t happening right now.

These days, the debt is growing by more than 5.5% annually, far outpacing economic growth. So saving the country’s finances mean that GDP needs to grow by at least 5.5%, and ideally much more.

And while that sounds like an unrealistic goal, it’s totally achievable; with all the talent and investment capital in the US, along with AI, robotic automation, and nuclear power on the horizon, the US should be able to grow at 7%+ per year.

That could have happened if Liberation Day had actually liberated Americans from job-killing laws and productivity-constraining regulations.

I have said many times in the past that America’s problems are still technically fixable, but that the narrow window of opportunity is rapidly closing.

It’s beyond frustrating to see these problems continue to grow worse. And it’s becoming harder every day to imagine a scenario where we don’t end up with a currency crisis or major inflation down the road.

I still hold out hope that sanity prevails... that, even if at the last minute, the US government summons the courage and clarity to do the right thing for America once and for all, and avoid the worst outcome.

I hope.

But as we used to say in the military, hope is not a course of action. And that’s why it makes so much sense to have a Plan B.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/what-liberation-day-could-have-been-152940/?inf_contact_key=0f1d9fe0303c853725f454bfcae2c92a5829043fa73cf2bc2dd7addb4cb374c3

5 Ways To Prepare Your Finances

5 Ways To Prepare Your Finances

G. Brian Davis  Thu, June 12, 2025  GOBankingRates

The Trump Administration Says Tariffs Aren’t Going Away: 5 Ways To Prepare Your Finances

In an appearance on Fox News, Commerce Secretary Howard Lutnick made the Trump Administration’s position clear: “Rest assured, tariffs are not going away.”

The Administration has signaled that they will not extend the current 90-day pause on many tariffs. So how should American consumers prepare for a jolt in prices?

Slash Spending Now

Don’t get caught flat-footed by price jumps. Start cutting back on spending now, to soften the impact when the worst of it hits.

“People often wait too long to pivot when it comes to their finances,” said Charles Hoff, financial education counselor at DFCU Financial. “Plan for the worst scenario now, which means cutting expenses to a level where you are living ‘well below your means’ so you can absorb increasing costs.”

Deepen Your Emergency Fund

As you rein in your spending, use the surplus to pad your emergency fund.

Robert Gabriel, financial specialist with healthcare platform Vosita, explained that most financial experts recommend emergency savings that can cover three-to-six months of living expenses. “With the volatility tariffs will create in the economy and prices, shoot for the upper part of that range. A well-cushioned emergency fund serves as a shock absorber against price hikes or possible income disruptions.”

Don’t just leave that cash losing money in an account earning no or low interest, either. Find a high-interest savings account that can hopefully keep pace with inflation or at least reduce the loss in purchasing power.

TO READ MORE:   https://news.yahoo.com/news/finance/news/trump-administration-says-tariffs-aren-100245267.html

7 Reasons You Should Update Your Bank Account Password ASAP

7 Reasons You Should Update Your Bank Account Password ASAP

Jacob Wade  GoBankingRates

According to a recent survey by GOBankingRates, 17% of Americans have never changed their bank account passwords.  This means the money parked in those accounts could be vulnerable to online thieves. With massive data breaches becoming a common trend, phishing scams and fraud schemes running rampant online, and password cracking software becoming more sophisticated, it’s important to stay up to date on securing your financial accounts.

If you haven’t changed your bank account password, here are seven reasons to do it today.

You Use the Same Password for Other Accounts

Most people have been guilty of this. With so many accounts moving online, it’s easy to use the same password over and over again. But this is a mistake that hackers want you to make, especially with your financial accounts.

Using the same password for multiple accounts puts you at more risk. If there is a data breach for any of your online accounts, hackers now have access to your password for that account. The first thing they will do is attempt to use this same username/password combo for multiple types of accounts, including your bank account.

If you have no other protections in place, they can quickly drain your accounts, leaving you with no money and no recourse. Always use unique passwords for each online account.

Be Real — It’s Been a While

While you don’t necessarily need to change your password every month, if you haven’t changed your bank account password in a few years, it might be time to mix it up. With data breaches across major companies, it is likely that an old password of yours might have been compromised. This can be quickly remedied with a password change for each of your financial accounts.

A good rule of thumb is to update your password every two years. Research from the Federal Trade Commission suggests that mandatory password changes aren’t as effective as just setting a strong password in the first place. But changing your password every few years can help keep your passwords protected from data breaches.

Your Password Is Saved In Your Browser — and Is Easier To Access

https://finance.yahoo.com/news/7-reasons-bank-account-password-190018206.html

7 Money Habits That Can Make or Break You

7 Money Habits That Can Make or Break You 

Credit.com   Yahoo! Finance/Thinkstock -  Todd Tresidder

Why do you keep buying things you can’t afford? It makes no sense: it’s not rational. Nobody wants to be in debt.  The answer is simple: debt problems are emotional, not rational. Debt results from unconscious habits and attitudes that cause you to spend more than you can afford.

In other words, everyone knows the first law of finance is to spend less than you make. That is how you stay out of debt. Unfortunately, knowing what to do and actually getting it done are two different issues.

That’s why being on the right side of these seven financial practices is critically important to your financial success. They can close the gap between knowing what to do and actually getting it done – simply by changing your daily habits. It is the easiest way to solve your debt problems and begin building wealth.

The good news is this means you have the power to improve your financial situation no matter where you are at today. You created your habits, and your habits produce your long-term financial results. That means you’re in charge and have the power to make positive changes.

Consider the following seven financial practices that can take you to debt or wealth. The habits you choose will determine your financial success or failure.

1. Emotional Spending

Here is a simple test to determine if you’re an emotional spender:

    Do you use shopping to relieve stress or escape boredom?

    Do you use shopping as a pick-me-up or entertainment?

    Do you celebrate by shopping for a treat?

    Do you ever shop as a form of “retail therapy?”

    Do you use shopping for social connection?

    Do you have clothes in the closet with the tags still attached?

    Do you have more than one of the same item?

    Is your credit card bill so large that you can’t afford to pay it off at the end of the month?

    Do you ever feel an endorphin rush when making a purchase?

    Do you experience anxiety, guilt, or remorse after shopping?

    Do you ever hide purchases from friends or loved ones?

If you answered “yes” to one or more of these questions, then you might have an emotional spending problem.

Emotional shoppers become addicted to the temporary endorphin high that comes from buying. You’re genetically programmed to pursue what makes you feel good, turning spending into a physiological habit like a drug. That’s why excessive spending is about the emotional experience from buying stuff and not the stuff itself.

The purchase brings temporary yet immediate gratification (even if it causes debt).

The wealthy habit is to spend based on needs — not wants — and to plan purchases rather than buy spontaneously. A good habit for breaking emotional spending is to force a two-day cool-off period for all non-planned purchases so your emotions can settle down. If you still want it after two days then it may actually be worth buying.

2. Addiction

Closely related to emotional spending is addiction, but this can be an addiction of any kind — not just shopping. Gambling, drug and sex addictions are highly destructive — both financially and otherwise. The ensuing debt spiral may be the least of your worries but is often a consequence.

The wealthy habit is to avoid all forms of addictive behavior and live in balance — admittedly easier said than done. If you face addiction issues, the solutions are beyond the scope of this article. Seek professional help and consider one of the 12-step “Anonymous” programs tailored to your specific addiction.

3. Entitlement

Entitlement thinking is the belief that you magically deserve all the good things in life regardless of what your financial statement says. After all, why shouldn’t you have designer clothes, a big-screen TV, pedicures and a new car? Everyone else does, right?

TO READ MORE:    https://finance.yahoo.com/news/7-money-habits-break-110023407.html

6 Most Useful Lessons I've Learned From My Wealthiest Clients

6 Most Useful Lessons I've Learned From My Wealthiest Clients

Business Insider  Jovan Johnson  Sun, June 8, 2025

I've been a financial planner for over 10 years. Here are the 6 most useful lessons I've learned from my wealthiest clients.

I'm a certified public accountant and certified financial planner with over a decade of experience helping high-income professionals and diverse business owners take control of their finances. My clients range from medical professionals to small businesses, and I help them grow their wealth, reduce tax burdens, and run more profitable businesses.

Many of my high-net-worth clients share common habits, mindsets, and strategies that helped them build and maintain their wealth. The good news is that anyone can apply these habits to improve their financial life.

Here are six of the most useful lessons I've learned from my wealthiest clients.

The more you give, the more you receive

One of the most profound lessons I've learned is that life becomes richer when you focus on pouring into others, rather than just focusing on yourself.

For example, clients who are generous with their employees often see retention rates soar. This principle extends beyond finances into mental well-being, relationships, and overall happiness. Generosity has a way of opening doors that talent or hard work alone sometimes can't.

Many of my wealthiest clients often share that they wouldn't be where they are without the generosity of others who helped them along the way.

Relying on others is the only way to accomplish everything

Wealthy individuals often have incredibly demanding schedules, leaving little time for personal tasks or downtime. One key to their success is recognizing the power of outsourcing and delegation.

Whether they hire a nanny to help with childcare or work with a financial advisor to manage their finances, they understand that they can't do it all alone. Instead of trying to juggle every responsibility, they build a trusted team around them with professionals who help them stay focused on what matters most.

They become comfortable relying on others, knowing it's the only way to accomplish everything on their plate while still maintaining their sanity and quality of life.

You can only go as far as your health allows

If you don't take care of your health, it will be harder to reach your goals, no matter how important they are. Many of my wealthiest clients have learned this firsthand. They've realized that when their mental, physical, spiritual, or emotional health is off-balance, their ability to lead, create, and perform suffers.

As a result, they intentionally make time and invest in activities that support their overall health, such as exercise, therapy, spiritual practices, or rest. Prioritizing health is not a luxury; it's a necessity.

TO READ MORE:  https://www.yahoo.com/finance/news/ive-financial-planner-over-10-170701688.html

3 Ways to Pass Down a Home

3 Ways to Pass Down a Home

April 15, 2025 Austin Jarvis

The pros and cons of different methods for leaving a home to your heirs.

When it comes to estate planning, a family home can be among the most valuable—and complicated—assets to pass down. It's natural to want to see a cherished home stay within the family, but you'll want to think about not only your own needs and wishes but also those of your heirs.

For example, your child may love the family home and all the memories that go with it, but do they actually want to live there? If you have multiple heirs, is it realistic for them to co-own the property, or will such an arrangement create conflict?

You also need to consider the role the house will play in your later years. Do you plan to stay in the home, or is it possible you may move at some point? All of this factors into how—and whether—you transfer the property to your kids.

With that in mind, here are three ways to pass along a home to your heirs—both during and after your lifetime—while also potentially lowering your tax bill and avoiding unexpected costs to your heirs.

1. Sell It

If you're looking to move or put your home's equity to use elsewhere, selling the home to a child or other heir could be a good option. Doing so removes the property from your taxable estate and establishes a new cost basis—meaning the capital gains on any future sale will be calculated using the value of the home on the date of the transfer rather than your original purchase price.

Although you might be tempted to sell the home at a low price, be careful not to go below its fair market value. Otherwise, the difference between the sale price and the market value could be subject to gift taxes.

2. Gift It

As generous as it is to gift a home to an heir during your lifetime, it could have negative tax repercussions. That's because such a gift counts toward your lifetime gift tax exemption. That might not seem like an issue now that the combined estate and lifetime gift tax exemption is $13.99 million for individuals ($27.98 million for married couples) in 2025, but that number is set to come down by half starting in 2026.

Unless Congress extends the limitations, such a gift could result in a federal estate tax of up to 40%, depending on the size of your estate. State-level gift, estate, and inheritance taxes could also be a factor, depending on where you live.

The tax consequences could be even more severe for your heirs, especially if you give your home to your child while you're alive—such as through a deed transfer. If your child decides to sell the home, the cost basis will be calculated using your original purchase price, potentially increasing the capital gains.

3. Pass It Down

Generally speaking, there are three methods for leaving a home to your heirs:

TO READ MORE:  https://workplace.schwab.com/story/3-ways-to-pass-down-home

Why Some People Get Rich and Others Can’t Seem To, According to Ramit Seth

Why Some People Get Rich and Others Can’t Seem To, According to Ramit Sethi

Karen Doyle  Sun, June 8, 2025   GOBankingRates

Ramit Sethi — entrepreneur, best-selling author of “I Will Teach You to Be Rich,” host of the popular podcast by the same name, and star of Netflix’s “How to Get Rich” — has spent years studying what sets the wealthy apart from others.

In his study of success, Sethi’s insights reveal why some people build lasting wealth while others struggle to get ahead.

***************************

Here are the important reasons Sethi believes some people get rich and others don’t.

Get Stuck or Get Successful

What he has learned is that some people get stuck instead of getting rich. They spin their wheels, stuck on the same problem for years. The people who get rich, on the other hand, look for solutions to the specific problem they are facing.

This is not to say that those who stay stuck aren’t trying. In fact, they are trying new things all the time — a new morning routine, new productivity apps, a get-rich-quick scheme, even new foods or a different diet. But these are not the things that will get you unstuck, according to Sethi. There’s only one thing that will do that.

Mental Mastery

The secret, according to Sethi, is mental mastery. Or, as he calls his program, Mental Mastery. Sethi developed this program after he surveyed a large group of successful people to learn how they did it. He grilled them on how they navigated career moves, learned from bosses — good and bad — and ultimately built successful businesses.

There are four components to mental mastery, and Sethi explains what they are and why you need them.

Unshakeable Confidence

Sethi found that successful people exhibit unshakeable confidence. They believe in themselves, and they truly believe they can do whatever they want. They believe they are entitled to their success.

Unwavering Focus

They demonstrate unwavering focus, another requirement for the mental mastery that leads to success. Sethi recommends that you maintain a laser focus on what you want and forget all distractions. Believe that nothing can stand in your way.

Motivation

Those who have mental mastery are unstoppable when it comes to motivation. His program teaches you how to attain the energy and excitement needed to do exactly what you want, at the time you want to do it.

TO READ MORE:  https://www.yahoo.com/finance/news/why-people-rich-others-t-120218144.html

Bill Gates’ Top 5 Tips for Getting Richer

Bill Gates’ Top 5 Tips for Getting Richer

Gabriel Vito  Sat, June 7, 2025  GOBankingRates

Bill Gates didn’t just co-found Microsoft and become one of the richest people on Earth; he did it by thinking long-term, building smart habits and staying relentlessly curious.

And here’s the good news: many of his most valuable money strategies don’t require a billion-dollar business or a computer science degree. Gates has shared several principles that can help anyone, regardless of their salary, become wealthier over time. Below are five Gates-inspired tips to grow your wealth, build resilience and start thinking like a billionaire.

******************************

Build Skills That Never Go Out of Style

Gates is a lifelong learner, someone who reads dozens of books a year and still makes time for in-depth study. “Reading is still the main way that I both learn new things and test my understanding,” Gates said in an interview with The New York Times.

He’s particularly bullish on learning to code, analyze data or understand science and systems thinking. But it doesn’t have to be technical. What matters is picking up skills that add long-term value and can grow with you, like writing, solving complex problems or leading a team.

Stay Optimistic, Even When Progress Is Slow

Gates is a long-term thinker. He’s spent decades solving massive global problems, from eradicating diseases to rethinking energy and he’s often said that believing progress is possible is the first step to making it real. “Even in dire situations, optimism fuels innovation and leads to new approaches that eliminate suffering,” Bill Gates said during his 2014 commencement address at Stanford University.

That same mindset applies to building wealth. If you’re starting from scratch, it’s easy to feel like you’ll never get ahead. But optimism, paired with consistent action, is what keeps you moving forward.

Wealth isn’t built overnight. It’s built by people who believe their effort matters and who keep going even when it doesn’t feel flashy or fast.

Save Cautiously, But Bet Boldly on the Future

TO READ MORE:  https://www.yahoo.com/finance/news/bill-gates-top-5-tips-180040321.html

Barbara Corcoran’s Top 8 Tips That Will Save You From Financial Disaster

Barbara Corcoran’s Top 8 Tips That Will Save You From Financial Disaster

Laura Beck  Fri, June 6, 2025 GOBankingRates   

Barbara Corcoran is largely known for her role as one of the most powerful investors on ABC’s “Shark Tank.” But do you know how she made a lot of her money?

Well, as a matter of fact, Corcoran built her wealth thanks to her wildly successful real estate career. She has been wheeling and dealing on the national stage for quite some time, and she has learned a thing or two about money along the way.

Corcoran’s financial advice comes largely from her experience and what she knows best: real estate and money management. If you’re looking for help with either, check out Corcoran’s eight top tips to help you succeed.

Buy a Home as Soon as You Can

When it comes to financial markets that can grow your wealth, Corcoran believes in getting into the real estate housing market early.

“I think the sooner you get in the market, the sooner you have a chip in the game. You can trade up,” she said.

She says it’s always a good time to buy, because even if the market feels high now, house prices usually go up in the long term. If volatile economic activity as of late is any indication, you might want to get your financial assets lined up so you can heed her advice.

Don’t Wait for Interest Rates To Drop

While many people are waiting for financial institutions to lower interest rates before buying a home, Corcoran warns against this strategy. She believes that when rates do drop, there will be a rush to buy, driving prices up by 10% to 20%.

Her advice: Don’t wait — act now.

TO READ MORE   https://finance.yahoo.com/news/barbara-corcoran-top-8-tips-140011614.html

How To Save Hundreds With 3 Steps, According to Ramit Sethi

How To Save Hundreds With 3 Steps, According to Ramit Sethi

Brooke Barley  Wed, June 4, 2025   GOBankingRates

When paring down a budget, some might think that means eliminating anything fun-especially when there’s debt to pay off. Entrepreneur and author of “I Will Teach You to Be Rich” Ramit Sethi insists that’s not true, even if a consumer has unpaid debt. In a recent video Sethi posted on his Instagram, he said “I believe in living a rich life today and living a rich life tomorrow, even if you have debt.”

His video went on to detail three ways that consumers can find some wiggle room in their budgets. These are methods that Sethi said most people “won’t even miss.” Read on to find out how to find these hidden savings.

Cancel Unwanted Subscriptions

Sethi’s first suggestion was for people to look at their subscriptions and see if there are any they wouldn’t mind canceling-or didn’t even remember they were subscribed to. According to a recent statistic, around 85% of people have at least one paid subscription that they don’t use every month.

This comes out to about $32 a month or almost $400 a year. This could be a tremendous savings that consumers can net without changing their routine at all. Check bank and credit card statements for recurring charges during an entire month to see every subscription, then determine if there are any that can get the boot.

Switch Insurance Carriers

Sethi recommended that individuals call their insurance companies (car, renters’, pet, etc.) and say “I’m shopping around for a better rate. What can you do for me?” If the insurance company is unable to offer a better deal, switch carriers.

Most consumers who had switched carriers in the past five years earned a median savings of $461. It’s a good idea to look into competitors’ rates about every six months or so to make sure you have the lowest price.

TO READ MORE:  https://finance.yahoo.com/news/save-hundreds-per-month-3-170107695.html

They’ll Ignore It Until It’s a Crisis [Podcast]

They’ll Ignore It Until It’s a Crisis [Podcast]

Notes From the Field By James Hickman (Simon Black)  June 5, 2025

Think for a moment about how many times something has been whipped up into a national issue by either the big legacy media or prominent politicians.

The public has been subjected to what they call “a national conversation” about everything from transgender bathrooms to Confederate monuments to abortion rights to climate change.

Many of these issues only affect a few people. Sometimes more. But not once have these same media or political personalities elevated the ONE issue that could deeply and adversely impact hundreds of millions of people over the next few years.

I’m talking about the US national debt... and its runaway trajectory that could easily become a major financial crisis in a few years.

The impact crater for a US debt crisis is gargantuan. 350 million people in the US would have their lives turned upside down. Dozens of countries who rely on the US financial system would suffer tremendous pain. Billions of people would be affected.

Yet there’s hardly a word about it. Far more ink has been spilled debating who should use which bathroom. It’s crazy when you think about it.

Many of those same people who should be elevating this issue are now complaining that Elon Musk did a “complete 180” because he thinks the $2 trillion projected deficit from the new tax/spending bill is an “abomination”.

I don’t see how this is a 180. Before, during, and after the election, Elon has been laser-focused on personally trying to fix America’s biggest threat: the ticking debt time bomb.

His message hasn’t changed. And the guy sacrificed plenty of time, money, and reputation to personally try and stop the catastrophe that will come if these deficits aren’t dealt with.

At least a few other prominent voices are finally echoing Elon’s warning—like Jamie Dimon, CEO of the world’s biggest bank.

That’s progress. Because the legacy media sure as hell won’t start this conversation on its own.

And that’s exactly why it’s hard to imagine we’ll hit the critical mass of voters needed to force politicians to do the right thing and tackle the deficits.

That’s what we dig into in today’s episode.

We break down how even supposedly serious financial media—like the Wall Street Journal—refuses to report on just how dire this situation really is.

One recent piece from the Journal even mocked people for buying gold to protect themselves from the obvious outcome of inflation. This is utterly hilarious, of course, given that gold has been one of the world’s best performing asset classes for this entire CENTURY.

But, hey, to the Journal, I guess we’re all just a bunch of idiots.

Today’s podcast also covers:

• How everyone loves spending cuts... until you threaten their sacred cow (like taxpayer-funded Sesame Street)
  

• What runaway interest costs mean for your future—and to the future of the US dollar
  

• Why politicians won’t act until there’s a full-blown crisis—and what that will probably look like
  

• That the debt problem is “solvable”—and why JP Morgan Chase CEO Jamie Dimon agrees with the solution we’ve been saying all along
  

• Why slashing regulations needs to be part of that solution
  

• Why strategic assets like gold, silver, uranium, and platinum are now more important than ever.

You can listen in here.

(For the audio-only version, check out our online post here.)

CLICK HERE to listen to our latest podcast.

To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/podcast/podcast-theyll-ignore-it-until-its-a-crisis-152910/?inf_contact_key=8a5d9eefd4c7eb9456526842267e29ab2ec2094b0cea6b68b61d0db7a8f697f7