Salient to Investors:
Suze Orman says:
- There is nothing more important in your life than financial independence
- Every state has a statute of limitations after which creditors cannot chase you – for example 6 years in New York. Collectors often accelerate calling just before the statute of limitations is up. If you promise to pay you will start the staute of limitations all over again.
- Look in the mirror to find your best financial advisor. Start investing on your own and see how well you do.
- You should only pay 1 percent fee to an advisor on the growth part of your managed portfolio, a lower percent on money in CDs and/or bonds.
View the full episode at http://www.cnbc.com/id/41152126/