Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

Ask KT & Suze Anything: Should I Use AI to Play The Market?

Aug 22, 2024

35:02

Snipd AI

Suze, a seasoned finance expert, dives into the complexities of financial security and investment strategies. She tackles questions about investing for children, emphasizing the importance of financial literacy and responsible management. Suze also discusses innovative investment options, including the use of AI technology in trading. Additionally, she highlights the significance of trust funds for children and warns about the pitfalls of missing key market days. Tune in for actionable advice and a dose of financial empowerment!

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Episode notes

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Quick takeaways

Establishing an emergency savings account with regular deposits is essential for immediate financial stability and long-term security.

Guiding young heirs in responsible financial behaviors, like contributing to a Roth IRA, is crucial for their future wealth management.

Deep dives

Emergency Savings Account Benefits

Establishing an emergency savings account is crucial for financial stability, especially for those who believe it’s unattainable. By opening an account with a minimal monthly deposit, individuals not only secure immediate funds for unexpected expenses but also benefit from competitive interest rates. For example, contributing $100 monthly to a specific savings account can yield a generous $100 bonus after a year, in addition to accumulating interest. This initiative emphasizes the importance of proactive financial planning to foster long-term security.

Intro

2min

Nautical Whims and Audio Escapades

5min

Financial Guidance for Young Inheritors

6min

Empowering Youth Through Financial Literacy

6min

Investment Strategies and Trust Fundamentals

15min

Prioritizing People in Financial Decisions

3min

On this edition of Ask KT and Suze Anything, Suze answers questions about investing for a child, financial security in one’s 50s, bond ladders, funding trusts, using AI to invest and more.

Protect your financial future with the Must Have Docs: https://bit.ly/3Vq1V3G

Get your savings going with Alliant Credit Union: https://bit.ly/3rg0Yio

Get Suze’s special offers for podcast listeners at suzeorman.com/offer

Join Suze’s Women & Money Community for FREE and ASK SUZE your questions which may just end up on the podcast. Download the app by following one of these links:

CLICK HERE FOR APPLE: https://apple.co/2KcAHbH

CLICK HERE FOR GOOGLE PLAY: https://bit.ly/3curfMI

See omnystudio.com/listener for privacy information.

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