Latest news with #financialexpert
Yahoo
21-07-2025
- Business
- Yahoo
Suze Orman: How To Get Your ‘Emotional Money Score' and Why It Matters
Most people obsess over their credit scores and bank balances, but renowned financial expert Suze Orman believes there's a more critical number that could determine your financial future: Your Emotional Money Score. Explore More: Try This: On a recent episode of her 'Women & Money' podcast, Orman introduced listeners to this self-assessment tool that helps people measure how much their emotions are influencing their financial choices. This groundbreaking concept shifts the focus from traditional financial metrics to the psychological drivers behind your money decisions. The Problem with Emotional Money Management Orman has long emphasized that fear, shame and anger are internal obstacles that can sabotage financial success. These feelings can prompt impulsive decisions, like spending money you don't have or avoiding bills out of anxiety. 'Money alone isn't the key to true financial freedom… It's your mindset, your emotions, and your willingness to face the truth,' Orman reminds her listeners. The reality is that most financial mistakes aren't about math — they're about emotions. Whether it's panic-selling during market downturns, overspending to feel better or avoiding financial discussions entirely, our emotional responses to money often work against our best interests. Be Aware: How the Emotional Money Score Works Orman's assessment features 20 questions covering common financial situations like facing unexpected expenses, setting goals or discussing money with loved ones. Each question offers four choices (A, B, C, or D) with different point values, creating a score ranging from 0 to 60. The scoring system places you in one of four emotional categories: 50-60: Emotionally Empowered: You make decisions based on facts and long-term goals. 30-49: Emotionally Aware: You're developing awareness but emotions still influence decisions. 15-29: Emotionally Reactive: Choices are often influenced by feelings, with patterns of overspending or avoidance. 0-14: Emotionally Overwhelmed: You may feel paralyzed by fear or uncertainty around money. Why Your Score Matters More Than Your Credit Score Unlike your credit score, which reflects past financial behavior, your Emotional Money Score reveals the underlying psychological patterns that will drive your future financial decisions. It predicts financial behavior, reveals hidden obstacles, and unlike some financial metrics, it's immediately changeable. Take the Assessment To discover your Emotional Money Score, you can take Orman's complete 20-question assessment on her podcast or website. The assessment is designed to help you identify emotional patterns that may be impacting your financial decisions. Understanding your score is just the first step. Orman urges people to use their results as a wake-up call, practicing awareness before making financial decisions and addressing the root causes of their money emotions. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard The 5 Car Brands Named the Least Reliable of 2025 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth This article originally appeared on Suze Orman: How To Get Your 'Emotional Money Score' and Why It Matters
Yahoo
14-06-2025
- Business
- Yahoo
Not Sure If You're On Track Financially? Here Are 3 Money Milestones Every 30-Something Should Aim For
Your 30s are a time of big changes. You're probably growing in your career, buying a home, getting married or having kids, said financial expert Bo Hanson, host of 'The Money Guy Show.' Along with those life shifts come serious financial decisions that can shape the rest of your life. In a recent video on their YouTube channel, Hanson explained that the financial habits and decisions you establish set the foundation for lifelong stability and wealth. And while that may sound a bit overwhelming, he broke it down into a few realistic goals to hit before you turn 40. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can Here are the three biggest financial milestones you should aim for in your 30s: The first goal is to hit a net worth equal to your annual income in investable assets—not including home equity or emergency savings—by your early 30s. 'Crossing this milestone is an awesome first step for anyone starting out in their wealth-building journey,' the host said. This means you're likely living below your means and compound interest is starting to work in your favor. By the time you're hitting 40, the ideal target is to have three times your income invested. And it's not as far-fetched as it sounds. If you start at age 30 with zero savings and put away $941 a month with a 9% return, you could have over $150,000 by 40. 'That's literally three times a $50,000 income,' Hanson explained. Trending: Invest where it hurts — and help millions heal:. The $941 figure isn't random. It's the combined monthly amount needed to max out a Roth IRA — $583 per month — and a health savings account — $358 per month — assuming you're eligible. 'Combining these two accounts helps you build significant tax-free wealth and this greatly enhances your long-term financial health,' Hanson said. You can automate this savings amount or use payroll deferrals if your employer allows it. 'You have to invest the dollars. Saving in these accounts is only the first part of the equation.' This milestone shows you're going beyond just checking boxes like maxing out a Roth IRA and HSA. It's a sign you're serious about building long-term wealth. 'The discipline to consistently save a quarter of your income demonstrates that you're committed to building long-term wealth and prioritizing your future financial security over short-term gratification,' Hanson your employer offers a match, you might already be close to that 25% target without realizing it. Every 1% increase helps. As the host put it, 'You get to choose your hard today or hard tomorrow.' Once your saving habits are solid, it's time to protect your progress. That starts with a fully funded emergency fund, especially if your lifestyle has changed. 'In your 30s, things always go sideways,' Hanson said. Protection also means having life insurance if others depend on you, updating your will and adjusting your emergency fund as your expenses grow. 'Your 30s are when your financial life—and generally your life altogether—expand a great deal,' Hanson explained. 'It's important to make sure that those who depend on you are taken care of.' Whether you're ahead, behind or just getting started, the message is simple: start now, stay consistent and build from there. 'Every day counts.' Read Next:Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Not Sure If You're On Track Financially? Here Are 3 Money Milestones Every 30-Something Should Aim For originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
11-06-2025
- Business
- Yahoo
NTT DATA Business Solutions appoints Nicola Czymek-Lauer as new CFO
Nicola Czymek-Lauer, experienced financial expert from the company's own ranks, is taking over as CFO of NTT DATA Business Solutions Jürgen Pürzer, the outgoing Chief Financial Officer, is moving to the parent company NTT DATA, Inc. as its CFO, strengthening the leadership team there The change underlines the close bonds within the NTT/NTT DATA Group and furthers the international growth strategy Norbert Rotter, CEO of NTT DATA Business Solutions: "Internal succession ensures continuity and sets a clear signal for stability at board level" BIELEFELD, Germany, June 11, 2025 /PRNewswire/ -- NTT DATA Business Solutions AG, leading SAP partner for the global SME sector, has announced a board-level change: Nicola Czymek-Lauer is the company's new CFO and joins CEO Norbert Rotter on the Executive Board. With this personnel decision, the SAP consulting company is strengthening its global growth course and its close collaboration with the NTT/NTT DATA Group. Jürgen Pürzer, the previous CFO of NTT DATA Business Solutions, is taking over the role as CFO at the parent company NTT DATA, Inc. headquartered in London, reporting directly to CEO Abhijit Dubey. This change honors his comprehensive financial expertise and the significant contributions he has made to the sustained success of NTT DATA Business Solutions over the last five years. The company recently published record figures for the fiscal year 2024/25, including a double-digit revenue growth of 14.7 percent to 1.85 billion euros. With the appointment of Nicola Czymek-Lauer, NTT DATA Business Solutions has called a woman onto the Executive Board for the first time, setting a clear signal for modern and forward-looking leadership. Nicola Czymek-Lauer started her finance career with a traineeship in Business Administration at Siemens AG ("Stammhauslehre"), subsequently holding higher management positions at Siemens, Unify and Atos. Since her move to NTT DATA Business Solutions in 2020, she has overseen two global key areas as Head of Internal Audit and Head of Treasury. Most recently, she acted as Head of Global Finance and, as an Executive Vice President, formed part of the Global Leadership Team (GLT). She has worked closely with Jürgen Pürzer over the past months to prepare for the transition of responsibilities and ensure a smooth handover. Friedrich Fleischmann, Chairman of the Supervisory Board of NTT DATA Business Solutions: "The Supervisory Board would like to thank Jürgen Pürzer for his outstanding work and we are delighted that he will contribute his expertise at Group level in the future. Nicola Czymek-Lauer has impressed us with her broad financial knowledge and her comprehensive experience in key positions at the company. Her promotion is a strong signal for the successful development of leadership figures from the company's own ranks." Norbert Rotter, CEO of NTT DATA Business Solutions: "I congratulate Jürgen Pürzer on his career move and wish him continuing success in his new role. Thanks to his foresight, we have achieved record results over the last five years. With Nicola Czymek-Lauer, we gain not only a competent and proven leader, but also a colleague who shares our goals and values. Internal succession ensures continuity and sets a clear signal for stability at board level. I look forward to working closely with her to set new impulses for NTT DATA Business Solutions." Jürgen Pürzer, new CFO of NTT DATA, Inc.: "I look back with pride at five successful years at NTT DATA Business Solutions, which have been highly valuable for me both personally and professionally. I would like to thank all my colleagues for their trust and dedicated collaboration. I am looking forward to my new role and I am confident that Nicola Czymek-Lauer will leverage her expertise to develop NTT DATA Business Solutions' financial strategy with clarity and a forward-thinking approach." Nicola Czymek-Lauer, new CFO of NTT DATA Business Solutions: "I would like to thank everyone for the trust in my abilities and look forward to my new role with great motivation. Building on the outstanding work by my predecessor Jürgen Pürzer, I intend to continue developing our financial strategy and strengthen our sustained growth. I look forward to working closely with CEO Norbert Rotter and I am confident that we will maintain our successful direction, even in a volatile environment, and make important decisions that will set the course for the future." Further information is available at - Picture is available at AP - About NTT DATA Business Solutions NTT DATA Business Solutions is a leading global IT service provider focused on SAP with a powerful ecosystem of partners. With more than 35 years of in-depth experience, we enable companies worldwide to become Intelligent Enterprises. We deliver end-to-end solutions that accelerate sustainable growth and success – from strategic consulting and implementation to managed services and beyond. As a global strategic SAP partner, we drive innovation and leverage the latest technologies to support our customers individually and across all industries. Our more than 16,700 dedicated employees in over 30 countries work passionately every day to make it happen. NTT DATA Business Solutions is part of NTT DATA, a $30+ billion trusted global innovator of business and technology services headquartered in Tokyo. As One NTT DATA we serve 75% of the Fortune Global 100 and are committed to helping customers innovate, optimize and transform for long-term success. NTT DATA is part of NTT Group. Press Contact NTT DATA Business Solutions Jasmin Straeter Head of Global Communications NTT DATA Business Solutions AG Königsbreede 1, 33605 Bielefeld, Germany T: +49 521 9 14 48 108 Email: Photo - - View original content to download multimedia: SOURCE NTT DATA Business Solutions AG Sign in to access your portfolio
Yahoo
31-05-2025
- Business
- Yahoo
5 Money Challenges Wealthy Parents Face, According to Rachel Cruze
If you're not wealthy, it's hard to feel bad for wealthy people. You may even experience a spell of schadenfreude — or joy at their misfortunes — but not much in terms of compassion. But problems are problems, and rich people have them just as those belonging to the middle class and under do. And this includes money problems. We see this profoundly in the realm of parenting as wealthy parents face some unique financial challenges with their kids. Find Out: Read Next: Financial expert Rachel Cruze recently tackled this issue in a YouTube video. What are these challenges and how do you address them in order to raise financially responsible and resilient kids? In a household where all your needs are fully met and then some, it can be easy for kids to take everything for granted and not experience gratitude. 'This heart of gratitude, of being present where you are, is such a model of your character,' Cruze said. 'Teaching our kids that — to be grateful — even like, making them say 'thank you' and understanding where things are coming from, and the fact that not everyone has what you have.' It's up to parents to exemplify gratitude and to encourage their kids to reflect on their good fortune. Learn More: Wealthy parents may not need their kids to do things around the house. Perhaps they themselves don't need to do things around the house to a great extent and can turn to housekeepers and nannies to keep things in order. Cruze believes that kids must be tasked with contributing to the home at a young age. 'There's something that happens when your kids have a level of responsibility — and it can be something small, like just keeping their room clean,' Cruze said. 'When they complete tasks, around the home, there is a level of confidence that actually gets put into your kids.' If money isn't a concern at all, your kids probably have more toys, more extracurricular activities and more opportunities than kids in homes where money is tight. They probably hear 'yes' a lot more frequently than they hear 'no.' Parents, as Cruze sees it, need to bring some discipline to the home by telling their kids 'no' in certain situations. 'When you have the ability to say no and to stand your ground, get the repercussions of the tantrum or whatever the thing is, it is so key, because our kids have to learn boundaries,' Cruze said. 'The idea that money is just limitless is not an option.' Most of us in today's digitally addicted society could benefit from a refresher on patience. And parents need to be teaching their kids that gratification isn't always an instant thing. We need to model patience by not succumbing to impulse buys, just as we need to discourage our kids from getting whatever they want when they want it. 'Having the patience to save up and pay for something is huge,' Cruze said. 'This is true as adults, but your kids should do the same. Have them have a goal of something that they're saving up for.' Cruze added that in her home, they do no-spend months. This is a great exercise for parents trying to raise financially responsible and savvy kids. Who wants to sit in disappointment? Not a grownup and certainly not a kid. But sitting in disappointment and accepting, without a fight, that you are not getting what you want, whatever that may be, or that you have failed, is crucial because disappointment is a part of real life. Kids who are, for lack of a better word, spoiled, may not have a lot of opportunity to sit with disappointment because their parents are so quick to clean up every mess and spare their kids from painful consequences. 'A lot of parents are 'snowplow' parents, meaning they go through and pave the way so there's no bumps, no grooves, no 'oh gosh, am I going to fall down?'' Cruze said. 'It's like this perfect slope for your kids to go down with no issues.' Life is not a perfect slope, even if you never have to worry about making money or building wealth. Ensure that your kids understand — and personally experience — this reality, otherwise they'll grow up without knowing how to get back up from a fall, financial or otherwise. More From GOBankingRates 8 Common Mistakes Retirees Make With Their Social Security Checks 7 Luxury SUVs That Will Become Affordable in 2025 This article originally appeared on 5 Money Challenges Wealthy Parents Face, According to Rachel Cruze Sign in to access your portfolio
Fox News
26-05-2025
- Business
- Fox News
Smart parents can secure their child's digital identity — before someone else does
Digital parenting: Why you should reserve a domain name for your new baby We live in a world where your name online matters almost as much as your name on a birth certificate. And while it might sound like something only Silicon Valley types would do, buying a domain name and reserving social media handles for your newborn isn't some far-fetched tech trend—it's potentially a smart, proactive move for parents who care about protecting their kids' futures. Not the typical advice you'd get from a financial expert. Think ahead, like you do with a college fund If you're already putting away money for your child's education, teaching them the value of hard work, and raising them with good values, why not also secure their digital future? For $10 to $20 a year, you can purchase a domain like or that will be increasingly difficult (if not impossible) to get by the time they're adults. Just think about how hard it is to reserve a 3-letter, 4-letter, or even 5-letter domain name. It's the digital version of buying land before a new highway goes into your neighborhood. I've done this for all my kids. I didn't do it to make them TikTok stars. I did it because, as a financial expert and a parent, I know the power of being prepared. Whether they want to start a business one day, use it for their resume, or simply create a clean professional online profile, they'll already have the blank canvas ready to go. Don't let Big Tech or strangers own your kid's name Here's the truth that most people don't think about: if you don't reserve your child's digital name, someone else will. Does anyone remember the Brooklyn Nets and the story of When it comes to domain names, it might be a stranger, a spammer, or a foreign domain squatter. And once it's taken, good luck getting it back. We've already handed over too much of our personal data to Big Tech. This is a chance to take some control back. By locking down your child's domain and social media handles early, you're not just making a smart move—you're protecting your family. This isn't about oversharing Let me be crystal clear: I'm not suggesting you create a baby influencer account and post every milestone online. We could use less of that. Quite the opposite. You don't need to publish a single photo or make anything public. Just reserve the space. Keep it private. Hold onto it until your child is old enough to decide for themselves what they want to do with it. That's called responsible parenting. Protect their privacy, secure their future Critics will say, "let kids be kids." But protecting them doesn't stop at locking your doors or watching who they talk to at school—it extends to the digital world, too. Reserving their online name is a way to give your child more freedom and flexibility later. You're not forcing anything on them—you're giving them options. The same way you teach them to drive safely or manage a budget, you're teaching them to be smart about their online presence. How to do it right If you're ready to take action, here's what I recommend: Final thoughts As a dad and someone who's helped thousands of wealthy families with financial matters, it's just common sense to be thinking long-term. This isn't about hype—it's about being prepared. In today's world, securing your child's digital name is just as smart as setting up a college savings account or teaching them how to build good credit. For a few bucks a year, you can give your child something of real value: ownership of their own name, online and off. That's what I call good parenting.
