Suze Orman has been slammed for her shallow, obvious financial advice and also for her objectivity due to her endorsements.
http://www.ocregister.com/ocr/2004/12/31/sections/business/business_nation/article_362022.php
2006-07-01 22:53:55 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
People have always asked me advice on saving, budgetting investing etc. And my approach is very common sense. I find hers to be as well.
She doesn't spout about individual stocks, or economics. Just common sense solutions backed up by a decent amount of tax and investing knowlege.
It's always easy to bash these tv finance types, but I think she is pretty darn good!
2006-07-02 01:51:39 · answer #1 · answered by Nick C 3 · 0⤊ 1⤋
Suze Orman can make broad, sweeping advice about life insurance to millions of people without fear of liability. She says everyone needs a 20 year term life insurance policy. She must really enjoy throwing money in the toilet. She wants you to cash out your valuable, permanent whole life policy, get term, and "invest the difference". What else can you invest in with guarentees? She is also not telling you that only 3% of term insurance ever has a claim filed on the policy. So, in essence, she also must love giving insurance companies money on a candy stick. So, when you get down to it, when it comes to the wide world of life insurance, go with a good agent from a reputable company...not Suze Orman or Dave Ramsey who both only want to peddle their little kits and books. They frankly have no idea what they are talking about when it comes to life insurance.
2006-07-07 18:28:31 · answer #2 · answered by Kevin W 1 · 2⤊ 0⤋
pontificate on, Ryan. DR's suggestion against credit is faulty. credit replaced into utilized via human beings interior the Bible. Used wisely, credit is a spectacular gadget. And why sell something for 10 cents on the dollar once you will desire it later? And leaving your money laying around the homestead in envelopes is unBiblical - Matthew 6:19. Suzy Orman won't be able to proceed to exist activity. On television the different day she replaced into advocating the 6 months fee reductions (reliable thought, yet unrealistic for many human beings) - and then she asked if one ought to pay off severe interest fee cc first or low interest student loans. maximum human beings mentioned the cc debt, yet she says no, the student very own loan debt "via fact in case you declare financial disaster" -- - what a faux bounce from 6 months fee reductions to financial disaster - which isn't on maximum human beings's agendas. She is likewise against the everyday public reliable. I heard her suggestion somebody who dropped out of faculty to take their time repaying their student loans. NO NO NO! - pay off the loans so others can borrow the money and characteristic their shot in school. yet what do i understand? I basically have a level in accounting, exceeded the CPA examination, and an prolonged time of existence adventure - some interior the militia. I additionally love those "in case you make investments at 10% {roflmao}" and "over the years the inventory industry is going up" - - yet i don't have THAT lots time (for GM and Washington Mutual financial corporation inventory to rebound). in case you desire particular propose (previous the easy budgeting, saving, retiring) see a truthful consultant.
2016-11-01 02:08:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Generally, I have agreed with her.
HOWEVER -
I once saw a TV special where she encouraged young people fresh out of college to use a credit card to pay for their basic living expenses and THAT turned me off. There is nothing more stupid than telling a recent college grad (who probably already has student loan debt) to get into MORE debt by using a credit card for living expenses.
Her basic principles of getting rid of debt, then investing are sound. I prefer Dave Ramsey and his plan. Check it out at the site below.
2006-07-02 11:22:49 · answer #4 · answered by homeschoolmom 5 · 2⤊ 0⤋
From what I have seen, her advice is good enough for the average person (i.e. live within your means, save today, etc).
However, speaking as someone with Ph.D. level finance knowledge, her advice on more advanced topics is pure sophistry- plausible and simple, yet fundamentally flawed.
2006-07-02 00:49:56 · answer #5 · answered by Homer J. Simpson 6 · 0⤊ 0⤋
I watched a program she did on building credit ratings and she was right on target with her advice.
2006-07-02 00:21:48 · answer #6 · answered by Norman 7 · 2⤊ 0⤋