Comments on: The Simple Dollar Morning Roundup: Suze Orman Edition

By: Fred

Fred — Wed, 24 Dec 2008 22:30:30 +0000

“Suze mentioned on TV, the name of a recommended Debt Management Company. May I please have that name again? Thank you.”
Was it the Dept Of The Treasury managed by King Henry? The largest debt management organization in the world that deals with the US congress addiction?

“…how to ask for a raise at work and how to buy a car/home and start a retirement account…”
In other words:
How to beg for more, make a spending plan and finance today’s pensioners (a Gov sponsored “Madoff” scheeme)

By: Jim Pollard

Jim Pollard — Sun, 07 Oct 2007 04:19:31 +0000

Suze mentioned on TV, the name of a recommended Debt Management Company. May I please have that name again? Thank you.

By: Michelle

Michelle — Wed, 08 Aug 2007 16:27:01 +0000

I read her book “Young, Fabulous, and Broke” and this has completely changed my life. Granted, it is really the first financial book I read so any book may have helped, but even the title I felt called out to me as a recent college graduate. This is more than just saving, its about life too such as how to ask for a raise at work and how to buy a car/home and start a retirement account. I think this book I bought for $10 has already made me so much interest just by switching my savings account from my bank to a high interst online account. I have given this as a graduation present for friends and relatives so they can start out on the right track.

By: Elaine

Elaine — Tue, 07 Aug 2007 21:29:12 +0000

I am actually a big Suze Orman fan and I watched her last special on PBS recently. I believe she did state that she is worth about 25 Million, she has 7 million in realestate and 1 Million in the stock market because “she can afford to lose it.” … I don’t think that she has ever made the claim that the advice she gives in her books is what she herself follows. If she were to tailor her books to target those who are just as wealthy as her, than she wouldn’t be as popular / successful as she is. Instead though her books are focused on the average American who doesn’t have millions upon millions in the bank and are living from paycheck to paycheck. Unlike her most of us have to save probably more than we think we can afford for retirement.

By: Kay

Kay — Tue, 07 Aug 2007 18:36:49 +0000

Yes, I also read somewhere (and it’t just common knowledge) that when someone is that rich, there is no need to invest like they need cash. Suze could easily just put a million dollars anywhere and come back with a return. It appears that she is just trying to get some interest on her money. So I agree that, we can’t compare her to the average Jo.
I have about two of her books and I’m not much of a fan. But she does give sound advice.

By: guinness416

guinness416 — Tue, 07 Aug 2007 15:00:24 +0000

If I had $25million you’d better believe I’d be in CDs too.

By: Amanda B.

Amanda B. — Tue, 07 Aug 2007 14:38:49 +0000

Trent,
Didn’t you actually comment on the above reference MSN article not to long ago?

By: fivecentnickel.com

fivecentnickel.com — Tue, 07 Aug 2007 14:04:20 +0000

Part of the reason that she doesn’t follow her own advice is that she has $25 million (or something like that). When you have that much, the rules change. There’s no need to take risk to get ahead when you’re already so far ahead of the curve.

Comparing her to the average person is like comparing apples and oranges. Don’t get me wrong, I’m not actually a Suze Orman fan, but those sorts of criticisms need to be tempered with the realization that she’s not a part of her target audience.

By: Kenny

Kenny — Tue, 07 Aug 2007 13:59:58 +0000

I wish I had the link, but MSN did an article that pretty much said that Suze Orman doesn’t even follow her own financial advice, and that much of what she advises is really not the best thing for her target audience, the working middle class/single mom/”young and fabulous,” to be doing.

Apparently she has most of her personal money in things like CDs and basic savings accounts, because she said (on the record) that stocks were “too risky.”

After reading that article, I no longer have any respect for her advice, nor do I have any reason to believe she is a credible advisor on anything financial.

At least you, Trent, appear to be practicing what you preach, although you do have the big disclaimer that you’re not giving financial advice…