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Here are five unique pieces of advice she says will give you a leg up infollowing in her footsteps.
And never the twain should meet.
Savings is money you plan to use in the near future or have on hand for emergencies.
And all savings belong in a low-risk bank savings account or money market account, she wrote on Facebook.
Investment money is money you dont plan to spend, but want to put to work earning long-term returns.
Knowing the difference is vital to building sustainable wealth.
This, she argued, hurts the child as much as the parent.
That teen of yours today will one day be the 30-something/40-something/50-something adult raising their own family, she wrote.
So pretend its an air disaster: mask yourself first, then your child and avoid two tragedies.
But, said Orman in her blog, this could be a huge mistake.
She believes the world has changed, with markets and the economy too unpredictable for such a simple formula.
She advises retirees to adopt a scarcity mindset instead.
And if you must have a target number, Orman suggests 3% at most.
It begins with your self-worth.
Basically, investing is about the future, so stick to looking ahead, not back.
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