My Monday Morning: Suze Orman

AI tools make serious mistakes when it comes to money and are dangerous to rely on for financial information.

People should be very careful using AI to organize finances, as it cannot judge personal factors like risk tolerance or tax brackets.

There are no shortcuts when it comes to money, and following AI hype around stocks like SpaceX can lead to buying at inflated prices and losing money.

People feeling financially squeezed should cut controllable expenses like house and car payments. Despite being wealthier than ever, she and her wife sold their real estate and island to live in a condo with no expenses.

If possible, people should work until 70 and delay taking Social Security until then. Married couples should coordinate Social Security, with the higher earner waiting until 70 while the other may take it earlier.

Many people don't have the luxury of waiting and can take Social Security for one year and repay it with no interest to postpone it later.

Eating out is a huge waste of money due to high prices and potential health risks, and people should eat at home to save.

She and her wife only eat out when invited and insist on paying so friends don't waste their money.

She wakes up around 5 AM daily to see the sunrise, despite typically getting only five hours of sleep. Her morning routine includes greeting her wife, doing leg exercises, and drinking black coffee with oat milk.

She has no vices, avoids alcohol and smoking, and eats very clean due to past medical problems and aging. She used to indulge in Taco Bell and hot dogs but now strictly avoids them for health reasons.

Liking your partner is more important than loving them for a healthy marriage. Couples should maintain separate finances to ensure equality and independence.

Listeners should use Roth retirement accounts and invest simply through discount brokerages using ETFs.

Credit card debt creates bondage and prevents financial freedom, so it should be paid off immediately.