So, did you watch the first session of Suze Orman's Money Class on the OWN network last Monday night? It was amazing!! I took lots of notes. Here are some to share....
Are You Ready to Buy a Home Quiz?
1. Do you intend to live in your home for a minimum of 5-7 years?
2. If you lost your job-or wanted a new job to advance your career-could you reasonably expect to find a comparable job locally?
3. Can you afford a 20% down payment?
4. Do you place high value on knowing you don’t have to answer to a landlord?
5. If you can't answer "yes" to ALL these questions...you can't afford to buy a home!
I also liked the Action Plan she gave to one couple. I am going to adapt the following to our Action Plan:
1. Get a Will and Living Revocable Trust
2. Pay down Student Loans
3. Build an Emergency Fund
4. Increase Contributions to Retirement Account
5. Open Roth IRA's
6. Download and Sign Suze's Truth Pledge here.... http://static.oprah.com/images/own/2011/moneyclass/AMERICAS_MONEY_CLASS_101_ACTION_PLAN_CERT.pdf
If you missed the Class...tune in on Monday night for the next one!
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