Core Insights - Suze Orman emphasizes three financial decisions to avoid for better financial health [1][2] Group 1: Avoiding Bad Financial Decisions - Never name a minor as a beneficiary in financial accounts, as it complicates inheritance and may lead to court-appointed conservators managing the funds [3][4] - Instead, consider setting up a living, revocable trust to manage the child's inheritance, allowing a trusted person to make financial decisions on their behalf [5] Group 2: Loan Cosigning Risks - Never cosign a loan, as it makes the individual fully responsible for the debt if the primary borrower defaults [6][7] - Cosigning can negatively impact credit scores and increase debt-to-income ratios, leading to significant financial strain [8]

If you asked me what life was when I was a child who understood absolutely nothing going on in the world, I would tell you that life was eating ice cream sundaes at BJ's and watching ducks in Memorial Park. To me, even the simplest moments like these seemed so valuable and what life was all about. But then if you had me contemplate this question as a middle schooler who was still growing and trying to find my identity, I would give a completely different answer.I would say that life was playing volleyball, ...