WHET Suze Orman?

She was on CNBC just last week telling people to 'buy the dip'.

the old dyke dried up

Sitting on the piles of money she made telling people what should be common sense. I admit I love her for it - I’m always amazed how financially illiterate most people are.

Jackets!!!!!!

[quote] I’m always amazed how financially illiterate most people are.

Why should this amaze you?

You're just being snooty and superior.

You do realize she only spoke to people with money to burn don't you? The vast majority live paycheck to paycheck and have no relation to anything she has to say, like "buy the dip" for god sakes. She is talking to the rich 1% and that's all. I hope the old Lezzie gets Coronavirus and gets put on a machine, let's see if she can struggle for air and then die.

R6 Rude! People do that to themselves.

[quote]let's see if she can struggle for air and then die.

I'm sick of venomous creatures like you on DL.

A couple more of her lovely posts >

[quote]You don't get a pass just because you're gay, I'm glad he's dead.

[quote]I hope the economy tanks big time and people riot in the streets like Venezuela, it's time for a correction to US society.

She ripped off a lot of people with her prepaid debit card nonsense a few years ago.

I already had R6's stanky pussy blocked.

What is this a freaking tea party or something? You nasty cunts should go back to FB and your safe spaces where you won't get your feelings hurt.

I don't need to work anymore, telling dumb poor people they're stupid with money has made me rich!

I'm assuming R6 and R11 are the same. Thanks for the block recommend!

She of the shit brown undersized leather jackets. Belts and flaps and snaps and applied pockets.

Annoying as fuck with her one-size fits all advice.

"But I don't have any credit card debt. I carry no debt at all."

SO: "You're not listening to me you stupid bitch, I told you you can't afford to invest if you have personal debt."

"But I do t have ANY debt. That's what I keep telling you."

SO: "And I keep telling you that you have to pay off all of your debt, tear up your credit cards, and buy my prepaid debit cards!"

She defrauded a lot of people through a credit card scheme and has been punched down.

She is a fraud who always got her own money through dubious means; she didn't make it herself.

She's moved to QVC and HSN selling "will kits" and a box to hold all your personal papers that you can grab in the event of a fire.

[quote]She is a fraud who always got her own money through dubious means; she didn't make it herself.

source?

Suzy and her minions are here on this thread obviously, attacking like guard dogs.

She likes the hole but not the pole.

Her show was amazing for me to get my finances in order.

From what I've heard, she's sort of partly-retired and just appears for PBS specials and such

Didn't Charlie Kaufman base a character on her in his movie Schenectady?

I remember hearing her say that a good financial decision would be to earn high interest on your money and pay low interest on your loans. REALLY? That was worth buying a book or enrolling in a seminar with this bitch? OMG. I have no idea who comprised her audience. Unbelievably naïve, probably ignorant. Hate to use the word 'stupid'.

You do realize that more than half of the people out there are completely stupid and ignorant when it comes to money, right?

The fact that someone was out there teaching them shit that no one else had probably ever taught them was a good thing. It's great some of you can act so high and mighty but I'll bet some of you doing so aren't as financially well off as you could be and there's someone else out there judging your lack as well.

Hey girlfriend! Tell me all about what you can’t afford to buy after I sexually harass my stage manager.

R6 She helped this then naïve 25-year old pay off his $16,000 in credit card debt while making $45,000 in Los Angeles.

15 years later I own our place in San Francisco and have lost about 8% in the coronavirus hysteria, but still have 100x more than I had in net worth then.

This whole "being rich is only for the rich" is one lame excuse. Most people remain poor because they're too stupid to know any better.

[quote]You do realize she only spoke to people with money to burn don't you? The vast majority live paycheck to paycheck and have no relation to anything she has to say, like "buy the dip" for god sakes. She is talking to the rich 1% and that's all.

This is wrong. She mostly spoke to people of average means who were usually trying to spend money they didn’t have and live beyond their means. She would assess whether there was a reasonable way they could afford what they wanted to buy, or whether they should forget about it.

[quote]She is a fraud who always got her own money through dubious means; she didn't make it herself.

[quote]source?

In addition...

She's had good advice and says some wise things.

But she's also milked a lot from a very small gift that she had, and some of her "products" are questionable.

Didn't she get her money by scamming her lesbian partner out of hers?

Poo is all over this thread.

She gives the middle class excellent advice—advice which Wall Street and insurance companies doesn’t want us to know

She made her first millions by suing her employer Wells Fargo, I think.

R26 She told people they should have 3500 put away for emergencies or some such shit, which is true, but most people work shitty service jobs and barely get by as it is. You can't put money back if you fucking don't have it! She is completely out of touch with reality. She is an elitist cunt that should be pushed in front of a truck. Then there is all the scamming, bitch is really good at that though.

R34, advising people how to be financially responsible and independent isn’t being “an elitist cunt.”

R34 Are you sure she is "totally out of touch with reality"? Or was?

There are a lot of crybabies in every financial thread who say they can't save a buck to save their life.

Bitch, please. If you can't even manage to figure out how to save $3500 then you deserve to be poor for the rest of your life. Fucking immigrants who cross the border illegally can fucking make smarter financial choices.

This is why we have Trump and Sanders as the leader and supposed savior of our nation.

uh huh... She's a cunt for telling people what you admittedly say is the truth. Sounds like you have issues.

Please tell me how people who need to pay the the bills and take care of children are going to put back 3500? Most people work shit jobs and DO NOT make any money to save! I guess it's let them eat cake society now, have you even read anything about it? People are one paycheck away from defaulting on their lives. I think you are all just being elitist asses yourselves, and heartless bitches.

Gurl you are not taking care of any children so please stay on point. Most people who work shit jobs are stupid or lazy or both. End of discussion. Not Suze Orman's fault.

Plenty of Americans can easily save that much if they really tried.

Once poor people have a few hundred saved then the car breaks down or they get fired for being sick for a week or they get robbed or have to spend 300 at an urgent care and rx money. It’s always something. It’s rigged but for those are lucky to get their hands on a little capital then by all means, she gives decent advice.

I'm amazed people put up with all this nonsense - the rich are now SO rich and the poor so poor.

You read "tweets" from super-rich cunts like Cher bitching about Trump. Why don't they DO SOMETHING for America's poor. There are thousands of people living and shitting on the streets in her town and all she and people like her do is keep adding to their millions...and people on DL and everywhere saying how fabulous she is cos GEE! she "looks so young".

To her credit, she seemed to have a few good points (poorly expressed and wrapped in mantric bombast), among them: 1.) credit card debt will keep too many people poor forever and prevent them from building the least bit of wealth or cushion against disaster; 2.) buy what you can afford.

The good points were good points, if poorly expressed. But so much of her act was a scramble of scold and self-hype and the inability to listen and respond in a focused way. She jumped like a meth head from bullet point to bullet point on her 36 point (chapter) plan when someone would ask a tightly focused question, showing off, heaping scorn, shilling her book, her plan, her audio CDs ...

Americans lap up enthusiasm over substance, and she was certainly all that.

I heard she OD'd on tooth whitener.

Buy the dip?? More like catch a falling knife! If she was really so smart she'd know we're currently coming off of the largest stock market bubble in US history. That won't end well! This market still has a loooong ways to fall before equities are fairly valued again. But who are we kidding? I still remember her telling a woman on her show to go ahead and buy that house in Orange County in 2006 right before the housing bubble burst! She said he didn't foresee home prices in SoCal ever going down because it was such a desirable place to live. Oops! I often wonder if that caller ended up losing her ass.

R38 what she was saying is that is what you should have $3500 as a minimum which is good advice. Not that you are a failure if you don’t have it. If you can put away $5 a week or whatever you’ll get there eventually. There is no other way apart from saving if you are living in poverty except for winning the lottery or inheriting. You have to accumulate capital, however slowly.

The "poor" people I know always seem to have the latest iPhone which causes me to have zero sympathy for them. I have quite a bit of money in the bank and yet still do not rock the latest & greatest technology. I'm typing this on a five-year-old laptop and I bought my phone used on eBay for $80. Works just fine!

[quote] She told people they should have 3500 put away for emergencies or some such shit,

She has NEVER put a specific dollar amount on what you should save. She says that you should strive for an 8 month emergency fund. Sure that sounds tough for many--but those same people don't think twice about buying an iPhone, a flat screen TV, and taking a trip to Disney

The great points I learned from her:

1. Save 8 month emergency fund

2. Save 15% of your salary and put it in the stock market via a 401k and/or Roth IRA for retirement

3. Get a living revocable trust/will/Power of attorney/Health care proxy

4. Stop buying stupid shit

All the people I know in the insurance industry hate her because she revealed what a scam whole life insurance is.

I always liked her no nonsense approach. A couple of things, or chants I'll always remember: "People first, then things." "You must learn to say I CAN'T AFFORD IT when others ask you out. Don't try to impress them and come up short yourself." Or something like that.

Is she a lesbian? Or just angry?

or just an old dried up cunt

r38 - I find people who say they are living paycheck to paycheck and cannot save money (not all of them mind you) just are not trying. I have a cousin who is a black sheep. She is a nare do well works a menial job and is always complaining about money. I agreed to help her out by looking at her income and expenses and try and work out a budget so she can save. She works 40 - 50 hours a week and makes 30K a year. Once we counted up her fixed expenses, rent, utilities etc we started to look at her spending. She was paying for a home telephone line and a cell phone and her cell phone bill was 120 dollars a month. Why? She was financing a new iphone and paying for the premium data plan. She had an over 200 dollar a month cable bill. SHe had netflix and amazon prime. By the time I was done cutting her to the bone we figured out she could pay off her credit card debt in a year and save 2000.

So literally tens of millions of people are buying the newest iphones? Get real, some people are bad money mangers but not the millions we have. It is the shit jobs that do not pay anything. So there is full employment now, those are flipping burger jobs or retail at JC Pennney. Fuck all you judgemental bitches.

Suze's advice was mainly for the middle class. Her main message was stop buying and save, particularly for retirement.

Why blame her if you're so stupid as to no be able to put two nickles together?

i found her entertaining, but then again? she expected people to have 6 to 8 months of a emergency savings account, a savings account by itself and hundreds of thousands of dollars saved up by the time your 30, 40, 50, 60 and nearly as much in your 401k (if you even have that of course)... who in the world has all of this? no one i know!

the things i did agree with her was 1) 3 years paying off a car, if it takes you longer to pay off your car you can't afford that car and 2) you should put at least 20% down on any home/condo your buying.

She doesn’t expect anything to have anything. She’s telling you what you should strive to put away so that you’re not fucked when you’re older.

Per the earlier posters, many people could do doing better if they listened and used their heads. There is no reason that almost anyone should not have an emergency reserve of some amount.

R57... sure,a little nest egg of a emergency reserve, however, she stated 6 to 8 months worth of living expenses as a emergency fund amount, it's one thing to have maybe 5 to 10 thousand in a emergencyf und, it's quite another to have 30, 40, 50, 60 thousand or so in said fund, and along with this then a savings account of large amounts, plus hundreds of thousands of dollars saved up, hundreds of thousands of dollars in a 401 k and so on and so on...

at my age, 50, i'm suppose to have 30 to 40 thousand in a emergency fund, 500 thousand in savings, 500 thousand in a 401 k, another savings account and checking account and so on? perhaps she is right, but I AND NO ONE I KNOW has anything like this...

no one has this and can and does she expect that we should and we could if we did things "right".?.. don't see how if the average american makes 50 to 60 thousand a year...

That’s what everyone should strive for. That means sick it away before buying a boat or going on an expensive vacation or buying your kid two hundred dollar sneakers.

People who can't understand that what she is offering is practical advice (8 months of an emergency fund) she isn't goddamned saying every single person has the ability to do it. It's about informing people of what reality is.

Suze's right. If you can't sock away the money she tell you to, you have to understand how screwed you are for retirement.

Start looking into becoming a Walmart greeter

R54 how old are you? Do you work at JC or flip burgers? No judgement but I don’t understand what you wrote.

R54. Never mind. I read it wrong. For the poor: Pell Grant.

R54. Never mind. I read it wrong. For the poor: Pell Grant.

She was banned for wearing a golf shirt with the collar turned up.

Lesbians do that.

She spoke to people wanting to improve their finances on a rudimentary level.

There are plenty of conscientious minimum/low wage workers who crave that advice but rightfully feel the financial investment world only speaks to those who make $250,000+.

For those who were interested, her advice was solid.

But a lot of people don't want to hear live within your means, don't buy stupid shit, credit card debt will ensure your cycle of financial woes, etc.

It's easier to say the system's rigged than dig deep and take the high road of being responsible for your finances. That's what a lot of her proponents liked about her, she resonated with folks who were done with all the excuses.

R46 and R53 nailed it spot on. For every minimum wage-earning single mother with a baby whose car broke down and then develops serious medical issues, there are many lazy and stupid and none-the-wiser schmucks out there wasting precious money on truly stupid shit.

Movies for example. The last time I went to a theater was 3 years ago. Filled with all the fat poors with their 6 kids and easily $50 in popcorn, nachos, and soda. Easily $200 in our major West Coast city when a Netflix subscription costs $15.

Frapuccinos etc. When was the last time you saw a healthy affluent person drinking one of these? Nope, always some plump clerical desk jockey who always has some at 10am or 3pm. Easily $5 a day / $25 a week / $100 a month.

Black Friday/Cyber Monday. Again, when was the last time you saw an affluent person engaging in such blind consumerism for cheap trinkets made in the land that gave us the Coronavirus?

But of course the system is rigged.

You God damed idiots! Most people barely scrape by with shit jobs. Most people do not even have 401k accts. They work in restaurants and retail and fast food. They can't even think about 100 fucking dollars in savings I hope each of you get sick and have to struggle and loose everything you have, you deserve it. And no I don't work in retail but many do to serve you ungrateful bastards.

A bunch of Trump trolls on here.

Please BernieBros, typing this surrounded by easily 1000s of people who are not in restaurantants, retail, fast food.

Spend less time on Datalounge and learn some skills.

Heck even being some kind of insurance agent in Akron, Ohio would save some of you from this miserable paycheck to paycheck existence you live.

Also typing this in the middle of 1000s of people who are overwhelmingly Blue voters.

R68, maybe you should be blaming the politicians who keep voting against a minimum wage that might be able to live normally on...

[Quote] They work in restaurants and retail and fast food

Sadly, they could have actually used their schooling to learn a skill

R27 that GQ article says nothing about her getting her money illegitimately. it just criticizes her advice about not to buy coffee.

AARP has Suze on the cover of their magazine this edition

[quote]no one has this and can and does she expect that we should and we could if we did things "right".?.. don't see how if the average american makes 50 to 60 thousand a year...

I don't get exactly what you were saying there, but the average American does not make $50-60k/year and if they did there would be NO excuse not to be able to sock away 6-8 months worth of an emergency fund. $60k is good money unless you're living in NYC or SF or LA. Try living below your means.

Did she ever recover from her debit card scam?

Also, isn’t she friends with Elizabeth Warren ?

I used to like her until she was Oprah one day with The OctoMom. Oprah had set them up so Suze could help her with her fiances. Well, anyone with an normal IQ or just a head can clearly see OctoMom is mentally ill. She of course didn't follow Suze orders and Hell ensued as Suze sat there screaming at her like she was a dog. I'm not defending OM at all, but no one deserves to be treated like that especially if they have mental issues . Oprah of course just sat there nodding her head. I lost respect for both of them that day.

She's actually being nice here....

Poor people always buy so many toys for their children at Xmas time.

Poor kids always seems to have far more toys and clutter then richer kids.

R75....Average Household Retirement Income 2020: Median Income — $43,696. Mean Income — $67,238.Jan 21, 2020....

so a 6 to 8 month emergency fund would be what anywhere between 24 thousand up to 40 thousand or so and that is JUST a emergency fund! Orman says everyone should have this, PLUS a regular savings account and checking account, PLUS a separate retirement savings account, PLUS a 401k... and depending on the age, this all numbering into the HUNDREDS OF THOUSANDS OF DOLLARS!... who has this all on the average american salary? it would be difficult very much so even if someone was single much less married and with kids...

That's HOUSEHOLD income, R79. The poster I quoted said the average American makes $50-60k which is not true. And I think Suze means you need to have eight months of living expenses in an emergency fund, not eight months of salary. At least that's the way I always interpreted it.

Because richer kids get nice things YEAR ROUND, r78, and they throw the old stuff away as soon as it bores them.

[quote] Did she ever recover from her debit card scam?

The "scam" didn't involve Suze herself and was an issue for about a day...exceot of DL of course

[quote] She of course didn't follow Suze orders and Hell ensued as Suze sat there screaming at her like she was a dog.

But the Octomom would be the first to complain, "How dare Suze ask me to keep 8 months emergency fund when I have a zillion kids???"

If she was mentally ill, why was she allowed to keep all those kids?

Fuck that Suze bitch! She REFUSED to give me a magical spell that would make me rich!

Suze is all about the cooze...it’s where her head these days. She could be a DL maven, she’s the right age.

You queens really have it in for poor old Suze. Her advice is sound and just a recommendation. What was she supposed to say? Aim for savings of one months expenses only? That’s no good for anyone to AIM for that. She’s not personally responsible for people being poor!

R87 don't act like most of this thread is bitching about Suze. Sounds like most of the anti-Suze posts are from one poster with issues.

Her 11th book just came out in February, so expect to see her on a book tour circuit. (“The Ultimate Retirement Guide for 50+.”) Although, I suppose the pandemic could affect that.

If you read between the lines in all of her advice, it boils down to one thing as others have said: live below your means and save the rest.

In our 20s, my husband and I drove Ford Escorts and rented movies instead of going out, much to the bemusement of our Thunderbird-driving, free-wheeling friends who constantly made fun of us. We all made about the same money.

Fast forward 30 years. Those friends are no longer laughing at us.

Suze Orman’s advice allows me to pay off over $100k in student loans, and buy my first apartment.

It’s basically stop spending and make educated choices when you do.

She showed up exactly when I started to make money and had no idea what to do with it. Now I have an emergency fund and a substantial retirement account.

The best part is I’m no longer afraid of money. I know exactly what to do with it.

She slurping pussy juice like an alcoholic chugs vodka.

She doesn't have time to appear in public anymore.

The only one who ever got rich on her advice...is her.

She's addicted to being famous. I think she even admits this.

R93, she deserves every penny of what she’s earned.

Her advice isn’t about getting rich. It’s about how not to be poor

Suze Orman saved my dad’s retirement money.

My dad retired pretty late (at age 78) a few years back. As the responsible child, I was in charge of his money.

Hearing Suze in my head, I converted his 401k to a Roth Roll Over and didn’t invest. It’s about $300k and Suze’s voice said it’s his retirement money; don’t play the market with it.

Everyone was telling me it should be put into stocks. I knew that there some a time at which one must stop gambling with retirement and enjoy what you’ve saved.

Looking at the dismal market today, I’m so glad I kept everything out of the market.

Thank you Suze

That's extremely common knowledge is it not, R96?

I liked Suze until her debit card scam. That was fucking inexcusable. Many many links available.

[quote]They work in restaurants and retail and fast food

These types of jobs are intended for students, stay-at-home moms, and retired people. They are not careers. If you expect to make more than minimum wage your whole life, then learn some skills.

[quote]anyone with an normal IQ or just a head can clearly see OctoMom is mentally ill. She of course didn't follow Suze orders and Hell ensued as Suze sat there screaming at her like she was a dog. I'm not defending OM at all, but no one deserves to be treated like that especially if they have mental issues

Someone who is "clearly" mentally ill and unable to manage her finances, should not have EIGHT fucking kids. I can understand why Suze was irritated as fuck.

If you don't make any money, then you can't afford to buy anything. DE-NIED!

R97, you’d be surprise at how it isn’t common knowledge—especially when these let was in an upswing

R98, it seems to be Bancorp’s issue, not particular Suze Orman’s. Her advice remains fine

She’s on PBS right now. Apparently I had no plans tonight.

She knew what it was when she put her name on it and went on her publicity tour to promote it. Whether or not she gives sound financial advice is debatable but their should be zero argument on whether she ripped off the people who trusted her with that debit card.

Is Suze the patron saint of Karens?

R105, the card was a massive flop so no one was harmed

She has a PBS special going on now about her new book on retirement.

love seeing her back on TV. Looks amazing for 68!

[quote] especially when these let was in an upswing

uh...huh?

She took her $100 million and moved to the Bahamas

The Kardashians also had some kind of pre-paid debit card scam, about a decade ago. So Suze Orman isn't the only one duping her fans.