Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze School: Knowing What To Invest In, When You Don’t Know What To Invest In
Oct 20, 2024
Discover the importance of dollar cost averaging for uncertain investors. Learn about key stock market indexes like the Dow Jones and S&P 500, and why diversification is crucial. Suze emphasizes financial literacy tailored for women and how knowledge can empower financial independence. The discussion highlights the value of relationships over material wealth and the importance of continuous education to enhance money management skills.
33:41
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Quick takeaways
- Dollar cost averaging is essential for mitigating investment risk and building wealth through consistent contributions regardless of market fluctuations.
- Opening an emergency savings account fosters financial stability by building a savings cushion while also providing a competitive interest rate.
Deep dives
Starting an Emergency Savings Account
Opening an emergency savings account is crucial for achieving financial security. By depositing at least $100 each month for a year, individuals can not only build their savings but also receive a $100 bonus. This type of account also offers a competitive interest rate of 3.10%, which can enhance the overall savings growth. Establishing such a financial cushion helps manage unforeseen expenses and fosters a sense of stability.
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