Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze School: What To Do With an Inheritance
Sep 24, 2023
Learn what to do with an inheritance, including securing your financial future, getting out of debt, and preparing for life's uncertainties. The podcast emphasizes the importance of self-independence, responsible financial decision-making, and the potential impact of rising oil prices on the economy. It also provides investment tips and highlights a special offer for listeners.
30:08
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Quick takeaways
- Prioritize debt repayment and building emergency savings before helping children or contributing to long-term care insurance with an inheritance.
- Be cautious about investing windfalls in one place, maintain a diversified strategy, and prioritize personal financial security before being overly generous to children or dependents.
Deep dives
Importance of Making Careful Financial Moves
In this podcast episode, Susie Orman emphasizes the importance of being cautious and making careful financial moves given the current economic and global circumstances. She highlights various factors such as the potential impact of union strikes, government shutdowns, student loan debt, Russia's announcement to halt gas exports, and rising oil prices. Susie emphasizes the need to be mindful of credit card debt, student loan debt, and not assuming that current market conditions will last indefinitely. She advises listeners to consider investing in long-term bonds and maintaining a balance between short-term and long-term fixed-income investments.
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