Did you scrub behind your ears?
In our quest toward greatness, it’s easy to forget the little things. I picked up Suze Orman’s book entitled, “The Money Book for the Young, Fabulous, and Broke.” The book claims to be the answer to our generation’s cry for financial help.
Think you don’t need the help a woman like this offers? Neither did I. But did you wash behind your ears without your mom’s reminders? Suze provides some great tips I wouldn’t have guessed on my own.
While you and I might not be classified in her terms like “Generation Debt” and “Generation Broke”, I’d suggest picking up her book. We know not to buy a luxury car that’ll depreciate faster than we can pay it off, and we know that our credit score means the world in some scenarios. But don’t skip this book (even if you cannot stand Suze’s lack of television appeal) because you might not know points like these:
– Never invest money in a mutual fund ending with the letter “A” or “B”
– Don’t get a variable annuity, which makes a lot of money for your financial advisor but not much money for you
– Don’t rely on a will; she’s thinking of trusts