Hi All,

Just saw the recent headline on CNN news. Famed personal finance guru Suze Orman has taken a controversial step and spoken out against DC’s $15 billion bailout of Detroit.

While I’ve been less than enthusiastic about Orman in the past, in this case her recommendation that individuals NOT behave like Detroit’s CEOs makes solid sense. Instead, Orman recommends that:

1) You build up an emergency fund approximate to 3-6 months of expenses
2) Pay off your credit card debt
3) Invest for your retirement
4) Sit down with your child and figure his or her college expenses

Good for Suze. Its important to stick to the prudent basics, even when others are loosing their heads.

Click here for the story.

Best,

James

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