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Yahoo
3 days ago
- 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
The Standard
17-07-2025
- Business
- The Standard
Hong Kong stocks saw gains narrowed by Thursday noon
Hong Kong aims to lead in capital markets and digital finance amid global shifts, FSDC says
The Standard
17-07-2025
- Business
- The Standard
Top air conditioner supplier AUX Electric filed for a HK IPO
Hong Kong aims to lead in capital markets and digital finance amid global shifts, FSDC says
Yahoo
16-07-2025
- Business
- Yahoo
Japan's $100B Bond Boom Is Just Beginning -- Wall Street Can't Get Enough
Japanese giants are storming the global bond marketand investors are piling in. NTT, Nissan (NSANY), and SoftBank (SFTBY) have just raised over $26 billion in a string of blockbuster deals that's turning heads on Wall Street and beyond. NTT alone pulled in a staggering $17.7 billion, with demand topping $100 billionmaking it the second-largest US dollar bond sale this year. One Morgan Stanley banker is calling this surge of overseas issuance the rise of reverse Samurai bonds. And there's more coming. Kioxia Holdings is next in line, upsizing its debut dollar bond to $2.2 billion. The reason? Japan's local bond market is getting shaky, with yields now twice what they were 18 months ago. Companies are heading west, where demand is deeper, costs are lower, and maturities stretch longer. Warning! GuruFocus has detected 13 Warning Signs with SFTBY. Behind the scenes, there's a major shift unfolding. Japan's once-stable debt market is no longer a sure thing. Traders are pricing in more government spending, pushing yields higher and making yen-based debt less appealingboth for issuers and investors. Case in point: a seven-year, single-A yen bond now yields around 1.6%, up from near-zero in 2021. And with 13.2 trillion ($89 billion) in bonds maturing by 2026, non-financial Japanese corporates are facing a refinancing wall. Bloomberg Intelligence credit analyst Sharon Chen points out that sectors like utilities, telecom, and transport are especially likely to go offshore, where the euro and dollar markets offer longer tenors and tighter spreads. For global investors, this could be just the beginning. Japan still makes up a tiny slice of global bond indexesjust 2% in the dollar high-grade market and 1.6% in Europe. That's part of the appeal. Portfolio managers are hungry for new names and fresh diversification plays. And with syndicate desks flush with cash and demand running hot, issuers are striking while the window's wide open. As JPMorgan's Andreas Michalitsianos put it: Supply only comes when there's demand. Right now, that demand is roaring. This article first appeared on GuruFocus.
Yahoo
16-07-2025
- Business
- Yahoo
The Money ‘Rules' That Sound Smart — Until You Look Closer
Financial rules are often just guidelines rather than strict standards, and they depend a lot on unique circumstances, including income, assets and financial goals. While you should never play too fast and loose with sound financial advice, there's often more gray area inside these rules than it seems at first glance. Check Out: Read Next: Finance experts explained which financial rules you can ignore, and when. There still may be a lot of wisdom tucked inside the rules, but there may also be room to break them … wisely. If you take a hard line that debt is always bad, you might miss out on some key financial opportunities, according to Taylor Kovar, CFP, founder and CEO at 11 Financial. 'Yes, toxic credit card debt and high-interest personal loans can wreck your finances, but not all debt is created equal,' he said. For example, a low-interest mortgage or business loan might actually be helping you build wealth. 'I've seen people delay growth opportunities because they were too focused on being 100% debt-free instead of strategically using leverage,' Kovar warned. Someone who has just gotten out of debt consolidation, on the other hand, might want to stick with a hard line 'debt is bad' strategy, at least for a good long time. Find Out: Another common rule is that you should pay off your mortgage as early as possible by making extra payments or making a larger mortgage payment each month so as not to accrue too much interest. Kovar said this rule is situational. If you've got a low fixed rate, paying extra toward your mortgage might not be the smartest use of your money, especially if you don't have solid savings or you're not maxing out retirement accounts. 'I'd rather see someone build a healthy financial cushion than tie up all their extra cash in a house they can't liquidate quickly,' he said. Kovar gave this one a hard 'nope.' Renting can give people flexibility, he pointed out, especially if they're not sure where they want to live long term or if the housing market is overpriced in their area. 'Owning a home comes with a lot of hidden costs — repairs, taxes, insurance — that people don't always factor in. Renting can be a smart move depending on the season of life.' Kovar has worked with a lot of families who aren't overspending, they're just under-earning or don't have a system that works. For them, budgeting isn't the answer to everything. 'Sometimes the stress isn't coming from the budget itself, it's from trying to manage everything manually without the right tools or support.' When the stock market makes wide swings, you often hear that you should wait for it to calm down before you invest money in it, but that's not always the best rule to follow, according to Robert R. Johnson, PhD, a chartered financial analyst and professor of finance in the Heider College of Business at Creighton University. There is always a reason not to invest in the stock market if you give yourself one, Johnson said, because stock market corrections and crashes are virtually impossible to predict. This is exacerbated by media fear mongering. 'The market prognosticators who gain the most traction are the ones who make the most outlandish predictions — either bullish or bearish. Many of these people are introduced as someone who predicted a previous market decline or rally. The fact is that many of these people also predicted crashes or rallies that didn't happen.' Johnson also finds that people are 'extremely risk averse and are overly cautious in their asset allocation' when it comes to investing and typically don't take enough risks. While you do have to balance your risk tolerance based on your age and your financial goals, he said, 'Counterintuitively, the biggest mistake many people make in investing is not taking enough risk.' He shared an adage often tossed around in finance circles, 'You can sleep well or eat well,' pointing out that, 'You will sleep well if you commit funds to low-risk investments like money market funds or Treasury bills, but your investments will not grow substantially and may even have trouble keeping pace with inflation. You will eat well by consistently investing in stocks.' While real estate is undeniably a good investment, Johnson said that using it primarily as a vehicle to wealth is 'overrated.' Once you factor into account routine maintenance, property taxes and other costs, 'residential real estate has not been a very efficient way to build wealth,' he said. Additionally, many people make the mistake of buying the most expensive house they can afford and become house poor. 'Overextending and buying a large home is a losing strategy. Their mortgage payments crowd out other investing activities.' Before you call him crazy, Johnson is not suggesting that anyone should not save for retirement, but that 'one should think about saving and investing money for retirement.' Saving alone won't get you to true financial security. 'Because of compounding, time is the greatest advantage of investing.' While you do want to develop the discipline to save early in life, you should jump on the investing train as early as you can, too. More From GOBankingRates 5 Types of Cars Retirees Should Stay Away From Buying This article originally appeared on The Money 'Rules' That Sound Smart — Until You Look Closer Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
