Comments on: Suze Orman on Oprah http://www.debtfreehispanic.com/suze-orman-on-oprah.html Personal Finance Tips and Lessons Learned About Loans, Credit Cards, and The Freedom To Be Wealthy Wed, 10 Mar 2010 03:12:05 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Admin http://www.debtfreehispanic.com/suze-orman-on-oprah.html/comment-page-1#comment-459 Admin Fri, 03 Apr 2009 15:17:08 +0000 http://www.debtfreehispanic.com/?p=434#comment-459 Yes, living on half of ones income is the way to go. So if your mortgage is a quarter of your take home pay and you can save have of your income, you are really doing well. Thanks for your comment, I think you are right on target and so was Suze when she said that. Yes, living on half of ones income is the way to go. So if your mortgage is a quarter of your take home pay and you can save have of your income, you are really doing well. Thanks for your comment, I think you are right on target and so was Suze when she said that.

]]> By: Frugal Dad http://www.debtfreehispanic.com/suze-orman-on-oprah.html/comment-page-1#comment-458 Frugal Dad Fri, 03 Apr 2009 14:59:52 +0000 http://www.debtfreehispanic.com/?p=434#comment-458 I rarely agree with Orman, but I did like the part about her suggesting to save 50% of your income. Ths 50% plan is a great one if you are just starting out. Think about it, for every year you save half your salary you are creating one year of freedom from that salary. Hard to pull off once you're stuck with a big mortgage, car payments, etc, so I always tell young people to try this when they are starting a new career. I rarely agree with Orman, but I did like the part about her suggesting to save 50% of your income. Ths 50% plan is a great one if you are just starting out. Think about it, for every year you save half your salary you are creating one year of freedom from that salary. Hard to pull off once you’re stuck with a big mortgage, car payments, etc, so I always tell young people to try this when they are starting a new career.

]]> By: Roger http://www.debtfreehispanic.com/suze-orman-on-oprah.html/comment-page-1#comment-452 Roger Thu, 02 Apr 2009 15:48:46 +0000 http://www.debtfreehispanic.com/?p=434#comment-452 Not to denegrate you or your mentor, Dave Ramsey, but you can have an excellent credit score and be debt free. My FICO is 827. I have a reasonable mortgage (I qualify for twice what I borrowed), no car loan, and no credit card debt. I don't have a big screen TV, the latest fashions, or an Ipod. But I do have security. Heck, I am Dave Ramsey (or at least that's how I operate). I use my credit cards, both personal and business, almost daily. The trick is to buy the things you need, not the things you want, and then pay them off when the bill comes in. Of course this takes self control. I, for one, won't let a little piece of plastic control me, rather I control it. I think you are going about it the right way for you and I admire that. I think anyone can be successful with or without credit cards and other consumer debt vehicles if they control their spending. Not to denegrate you or your mentor, Dave Ramsey, but you can have an excellent credit score and be debt free. My FICO is 827. I have a reasonable mortgage (I qualify for twice what I borrowed), no car loan, and no credit card debt. I don’t have a big screen TV, the latest fashions, or an Ipod. But I do have security. Heck, I am Dave Ramsey (or at least that’s how I operate).

I use my credit cards, both personal and business, almost daily. The trick is to buy the things you need, not the things you want, and then pay them off when the bill comes in. Of course this takes self control. I, for one, won’t let a little piece of plastic control me, rather I control it.

I think you are going about it the right way for you and I admire that. I think anyone can be successful with or without credit cards and other consumer debt vehicles if they control their spending.

]]> By: Marya http://www.debtfreehispanic.com/suze-orman-on-oprah.html/comment-page-1#comment-442 Marya Tue, 31 Mar 2009 21:43:43 +0000 http://www.debtfreehispanic.com/?p=434#comment-442 Thanks for the heads up. I'll be checking it out. Thanks for the heads up. I’ll be checking it out.

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