Does Suzie Orman really have any expertise in financial matters? And by the way, how much money does she earn?

Question

Her mortgage advice seems to always be lacking. Though she loves to address 30 year mortgages. She seems to forget the average 1st mortgage is paid off within 39 months, either by sale, or by refinancing. She also seems to forget that we live in a highly mobile world where few people stay in their homes longer than 5 years. She also seems to give advice as if the loan being taken out is going to be her loan, forgetting that individual borrowers need individual financing. I could go on and on but I just hate to see someone give advice on what works best for them personally, and represent it as the best and/or only option for all borrowers. It does more damage than good to the folks that are trying to get into a home, but don't have her financial assets.

Answer 1

i think she used to work for Fair Isaac and helped develop the FICO score that is widely used. Has her own show, tours, sells books -- she must make a pretty penny.

Answer 2

She seems reasonably intelligent, but damn she's annoying. My personal take on her: I think that she is good to accumulating information and then redistributing it. She's a simple consultant. She just happens to be pretty knowledgeable. I watched her on QVC the other night. She brings up good info that seems to fit most people. However, everybody is different. What works for some people will not work with other people. It would make more sense for her to try to offer the best advice that will work for the most people. Of course she will miss stuff.

Answer 3

it extremely is as much as the couple in contact to make certain. i do no longer paintings in any respect, yet my husband and that i've got a joint account and we make financial judgements at the same time. My husband continually refers back to the money as 'our' funds even however he earns all of it. different couples desire to do issues in any different case. in previous situations it became regularly the case (interior the united kingdom at any value) that whether the guy became the important salary earner, his spouse controlled the money. This became very difficulty-loose between working type households. some adult men used handy their salary packets over to their better halves unopened. The spouse became to blame for balancing the relatives funds.