Lifestyle

SMART MONEY

How to survive and thrive in tough economic times is on everyone’s mind. Which is why GOBankingRates went to the top financial gurus for their advice.
Text by Stacy Wynn | May 27, 2018 | Lifestyle

1. ROBERT KIYOSAKI: Don’t give in to economic upheaval. “Shift your mindset from ‘victim’ to ‘champ’ and use your strengths to take control of your financial future.”

2. WARREN BUFFET: “If you don’t invest in things you know, you’re just gambling — recognize your limitations, keep things simple and don’t swing for the fences.”

3. FARNOOSH TORABI: “Make this the year you choose to invest in your personal self-development and hop out of your comfort zone.”

4. DAVE RAMSEY: Four critical words: “Get out of debt.” If that’s not possible, keep debt as low as possible without hindering your business plan.

5. SUZE ORMAN: “Reducing credit card debt is always important, but now it’s urgent, as anyone with credit card debt currently is likely to see their borrowing costs go up.”

6. EMMA JOHNSON: It’s time for a raise. “Muster up the nerve to ask your boss for a pay increase, start a side business or increase your billing.”

7. RACHEL CRUZE: “If you’re going to win with money, you have to be intentional.” Focus: Have a budget, pay off debt and know how your money will work for you.

8. JEANETTE PAVINI: “Learn what areas in your budget you actually have control over. You don’t need major changes to make a difference. No savings is too small. They all add up.”

9. SHARON EPPERSON: “One of the best things to set yourself up for future financial success is to be strategic with your savings. Save as much as you can in a Roth IRA.”

10. TIFFANY ALICHE: “Money management is a team sport.” Like with a successful weight loss plan, find a partner to keep you accountable, honest and on track.