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Suze Orman, famed bestselling author and personal finance expert, shared her No.
1 tip for building wealth with Jaime Catmull on The Richer Way, a GOBankingRates podcast.
Keep reading to learn Ormans No.
1 tip for building wealth andthe strategies she recommends.
Spend Less and Earn More
According to Orman, her top tip for building wealth is simple.
Its a very easy one, which is to spend less and earn more, she said.
To really, really look at what you have coming in versus what you have going out.
She emphasized the importance of choosing a Roth retirement account.
Roth IRA vs. A Roth IRA allows you to contribute after-tax dollars.
However, youll have to pay taxes on the funds as you withdraw them in retirement.
Do note that there are income limits for Roth IRAs.
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