That may be true, but to be honest it’s advertising 98% of the time. Each caller he takes resonates with thousands of people on a specific basis and they think “if he’s giving them his program for free to help them get out of this, it may help me.” And they buy the books or programs. Not to mention ad revenue from the thousands tuning into his channel or radio show. He’s almost like watching a Hallmark Christmas movie. The same story over and over with the same plot but different actors. Live in your means, sell everything and the kitchen sink, you were an idiot to get into this situation, pray about it, don’t do it again. There’s nothing wrong with him banking on this market, but people should be aware that he isn’t the only answer to their problems. There are countless scenarios that impact one’s financial situation. This lady is just pointing that out.
@@CedarMountainsnow That’s true for you, me, and a few others. But he still has people who has bought his programs and books and he advertises them in every video. Again, there is nothing wrong with that because every RUclipsr promotes their products.
@@treygarver7791 that would be the economical thing to do. But he wouldn’t advertise them in every show unless he wanted people to buy them so apparently there are people that buy it 🤷♂️
There will always be a knowledge imbalance. Never take advice from a single source. Do your research, talk to multiple advisors, read books with different perspectives.
I've found Andrew Tobias to be a realistic, honest chronicler of the financial scene....but there are people who have done everything right and wound up with nothing due to capitalism, witness the 2008 financial collapse, orchestrated by free market gurus.
Take a few calculus and physics courses. Learn brain surgery in your spare time. Sorry, my point is that Helaine Olen pointed-out that you won't get ahead with this nickle and dime penny pinching stuff. The people who are there to advise you aren't in it for your best interests; and even if there was some part of them trying to do the right thing, they can get it wrong. I'm fairly obsessive when it comes to making decisions. I can put the best effort in and still be fooled.
Take personal responsibility for your financial security because NO ONE ELSE cares. Not the government, not your employer or big business, not your neighbor...You're on your own.
in total agreement with Suze. Been following Suze since her CNBC days and on her current Suze Orman podcast and am living a blue collar debt free life..
saying "its all your responsibility" is not the same thing as saying "its all your fault" it doesnt really matter why you are in financial straights, you will have to be the person who gets you out of it.
that is true what your saying but rent, food and health care has when up really high ' I don't buy expensive cloth or drink alcohol or even go out alot and Im in debt because of student loans
CL F Listen to the reality of what she is speaking. A lot of it is true. The real deal is that they are taking money at an alarming rate by taxes, mandatory insurance, student loans (personally i think certifications are far better right now), and other costs that come across randomly be it emergencies, car repairs, ect. The wages are not increasing. We are being milked out of our money and then being told its our fault we are broke. That is simply not the reality of it. When you are required to pay a certain amount that puts you in the negatives when you are working a full time job and it does not cover your cost of living and you are already living in the lowest cost area you can, then this is no longer about living within your means, its simply that you dont have the means to live because your earning power is not enough for you to live on, there is not a lot you can do when you hit that point. Thats reality.
She pretty much is saying the same thing as the people she is bashing..."I care about your financial life more than those people hawking advice. It's all in my book, here buy it."
i visited this video because i recently read a book by suze orman and found it very useful in understanding my own finances. it seems like it would be good to take olen's ideas in mind but with a grain of salt. it's true that things are getting much tougher on the middle class and financial failure isn't always a person's fault. but i don't think that's what orman is getting at, at least. i think the takeaway from orman's advice is that you can still make decisions that will help you more than others, and you can understand your money, even if the odds are stacked against you. not everyone can become a millionaire but you can at least try to work out of your debt. i don't think that olen is wrong, but by implying that orman's advice doesn't help AT ALL, olen isn't being fair. again, grain of salt.
Suze Orman has good advice in terms of "do I invest in a 401k or an ira". She's the financial equivalent of dr. Oz. You wouldn't watch Dr. Oz and suddenly think you can cure your diabetes. I've learned a lot from watching her program on TV, but I still talk to my banker and ultimately get financial advice from people who are cpa's and finance lawyers.
Suze Orman's advice on insurance saved our family and added to our wealth in an incredible way. She's an expert in her field. Read everything she's written and am reaping the benefits 9 years later. Will continue to take her advice.
I totally agree with this gal about Suze Orman(nothin but a fraud) the only way she(suze) gets her money is peddling her crap and charging for her appearances
The reason I like Dave Ramsey is that he says I can solve my money problems, rather than whine about how the cards are stacked against me, so why should I bother? In two years, I went from needing to borrow $700 to fix my water heater to paying off my debt, except my house and saving six months of expenses for emergencies. Yeah, health care costs suck. Housing and car prices are insane. But math still works. If you can't pay for it, don't buy it.
@@ladydoc7221 Agreed. Ramsey has given people hope and inspired them to turn their financial situations around. This chick just encourages people to wallow in their misery and cry "THERE'S NO UPWARD MOBILITY IN AMERICA!!! THE AMERICAN DREAM IS A LIE!!!!" Like...how does that help anyone?
Bonnie Half-Elven yes and the financial experts are advising the opposite... don’t pay off your debts. Listening to Dave Ramsey I still own my 2007 Subaru and have an excellent mechanic!!!! Lots of money saved right there! Easy $7000 saved not counting interest each year multiply times 3 years that’s $21,000!!! I have subtracted money that I paid for repairs!
A breath of fresh air and TRUTH, FINALLY. Many self-help spiritual gurus in general out there deny our stark reality. They tell me I can overcome any circumstance with positive thinking and/or harder work, more comittment. Not true. We need free resources like free college, cheap transport, and free healthcare.
First about this women and her book,she talks about others just selling/hocking stuff/goods/services. What the hell is she doing? BUY MY BOOK, sorry I think I'll put that money on a bill. Ooo! and I got that advice from David R. "We straight-up need free resources like free college, cheap transport, and free healthcare" Are you freaking kidding me! NOTHING IN THIS WORLD IS FREE! What we need is for people to start taking responsibility for there actions.This includes the lawyers & politicians that make the laws that allow the thieves (IRS,Banking system) to take the personal wealth from the working people through Taxes,levees,fines and charges. After taking the money from (regular Joes) it is being miss used all around even at the so called free resources. As for as these people that tell folks " I can overcome any circumstance with positive thinking and/or harder work, more commitment.) Your telling me we should sit back and not work harder,not have a positive attitude and don't be committed -because no matter what there will be suckers like me ( regular Joe ) that's giving up over 48% of my hard,positive thinking and committed MONEY in (did I mention miss used?) taxes. I ask you how much 60%,70% is enough before even the working will just give up? Sorry, you're not working,or don't make enough money to buy the things you want or need. But! have you thought of praying for it? I DO! It worked for me. just sayin!
Totally wrong! My friend works with several middle aged women in a low paying office environment. The women complain about money and buy their breakfast and lunch almost everyday. You ARE in control of you want to be.
While it is true that there are many things and circumstances out there that is beyond our control, and we all know this [out-of-our-control] fact, this lady is not saying anything new. She is just another one of those "fight-for-the-poor-guy[gal]" talking heads out there who excuses (or helps to excuse) [some] people who are not making it. Instead of complaining "my job pays too lowly", why not asking: *HOW* I can increase my income? *WHAT can I do* to make more money? *WHAT are the opportunities* out there? *WHAT can I learn* to allow me to make more money? Questions like these would jumpstart our creativity [for solving our financial woes] rather than sitting around complaining about being victimized [by something out there which we cannot control].
This author is also a person selling an opinion. The landslide of hate toward Orman, Ramsey is uncalled for. They give advice and it is good advice. Save more and spend less. They can't get a career for you, they can't get an education or training for you. That is up to you to decide what path you take to get that job that pays a decent wage. Wages aren't what they should be and that is the fault of the upper edge of America who have all the money and control the money
I agree with the principle of what Helanie speaks about wages have been stagnant and cost of things like medical expenses and education have increased at above inflation. But at the same time food, electronics and consumer goods have gone down. Truth is somewhere in middle Americans do need to be smarter with their own money at the same we need to demand from our politicians to stop screwing us to help greedy corporations.
Suzy is a big scammer. Don’t defend her. That is a big misconception. Look into this and you will see. Start with her bogus credit card she was pushing. She is really a wicked beast.
The author kept sounding like she was going to make sense but didn't. And while I do agree with her that the cost of healthcare and housing has skyrocketed, she could not convince me that learning smart money management as a child was no more beneficial than not learning it as a child. The earlier you learn wisdom, the less likely you are to make unwise choices. I didn't learn money principles as a child and saw my parents struggle to make end meets; also adding to their struggle was lack of a higher education. It took most of my adult life to step out of stupidity and understand the principles of money management and the merits of a good college education (earned a BA and a Masters after the age of 50). In my early years, my wants were my "needs". I did not see that I was spending my future for today's desires. Now I clearly know and live the difference! Unfortunately, I've only got 15 or so years to make up for the knowledge I didn't have during my younger years and am having to bust my tail making up so that I have a decent chance of a comfortable life in retirement. It means the vehicle I bought 16 years ago will have to last a few more years so I can play catch up saving. And it also means I'll have to work longer before I am able to retire. I don't blame anyone but ME for the decisions I made early in life. But I won't give up and believe I will make it to a great retirement (albeit, by the skin of my teeth). Wisdom and frugality is helping me to make up for a lot of years I lived financially foolish. And I do see light at the end of the tunnel. BTW, getting those degrees played a HUGE part in increasing my income substantially. Even still, I'm working 2 jobs to save extra as fast as I possibly can. It is not easy, but for sure, it is working. As it relates to estate planning, Suze Orman does offer some nuggets of wisdom - even if you don't a lot. For those who are minimum wage earners, my heart goes out because I do think it is difficult to impossible to live in a safe, comfortable place and eat reasonably healthy on minimum wage; unless you can find several others to share an apartment or house and who are all striving to make a better life. I do wish everyone the best and can say from experience, that if you want to do better and will not give up, you will have success.
Suzie Orman should be in prison for being a con artist. There are no nuggets of wisdom from coming from this crook. Your ramblings make you sound like a crazy person.
Marie Miller ~ I loved reading your post! You’re truly kind and inspiring! I can relate to your story as well. I’ve been fortunate to have a great career that was very lucrative, however I spent a lot of money helping out others in situations where I probably would have helped them more by not doing it in a monetary way. However I have no regrets. I really love that you went back to college after 50 and finished your degree program. I was injured at work and suffered significantly , and on so many levels. I’m not in a transition place of “What to do next”, so again... I really appreciate your return to college share as that’s something I’m considering. I also agree with you 100% on the despicable amount of salary that is minimum wage! It’s nearly criminal! I made nearly 6 figures a year before my injury and I’ve always had compassion for anyone making 7-10 an hr!? No one can live a psychologically safe nor adequately healthy, on that! It’s criminal! I wanted to add this too~ Suze is a great salesperson, yes! She’s an exceptionally convincing speaker. I understand why some people feel the way they do about her. I also agree with you on her nuggets of wisdom! She didn’t get where she is because she is lacking knowledge of finance or just intelligence in general. Do your due diligence and seek knowledge from many sources and then look for consistency. One final rant... lol IF you get injured at work... I do not care who you work for ( I was employed by a Fortune 500 company that is considered one of the top 10 companies in the US )... they DO NOT CARE ABOUT YOU! I know that’s hard to accept or you may not believe it if you work for a great company like I did. But bottom line is at the point of your injury, YOU WILL FOREVER BE A LIABILITY to them. Their bottom line is “Making the team work so the SHAREHOLDERS dreams work! FACT! So for anyone reading this... my one tidbit of advice is to try ( if you’re able ) to save a few months salary no matter what! And buy insurance policies OUTSIDE of your employers network!!! The company usually owns the insurer! Best of wishes!!!!
I don't know that you need to go to college to make a good income. It depends on what you want to do with your life certainly. But there are plenty of people out there that are making way more than I do having a master's degree and they didn't go to college.
+Stacy Turner I agree with some of what you said. But the Average American now don't have a budget to make tighter. People are working 2-3 jobs at a time part time trying to eat and pay rent, mortgage and utilities. This is the bare minimum. Making a tight budget is still leaving you with something to put away. Most Americans have NOTHING to put away they live paycheck to paycheck. Especially if you are between the age of 21 to 50. We have to set ourselves up with a re-educating on finances and economics. This is 2016 and we have no clue.
I couldn't disagree more with this author. Buy or don't buy from Suze Orman and Dave Ramsey but they both generally have sound advice. I would never take either of their advice (or any other financial experts advice) at face value but do learn from each and take ideas from them and do what works for you. This idea you have no control over these things though is just not true. I know because I made 18k a year 4 years out of HS working blue collar tool and die mfg job. I struggled to make ends meet so I went back to school and got a programming degree part time while working full time(and working multiple jobs). I got my 2 year degree and got my 1st programming job and then I had my company pay for my 4 year degree. I struggled the next decade but I lived below my means and started saving in 401k. Eventually, 30 years later i'm financially secure. Was it easy? No. Did it take a long time? Yes. Could I have said back when I was 22 and struggling financially that the system is rigged and I have no control over the cost of college or medical or how much I make? Yes, but it's not true. I can't say it is easy because it's not and LIFE IS HARD financially especially if (as I did) you start with zero savings and no job prospects. With discipline, hard work, and determination you can change your situation! Wealth is generally built over decades in the stock market and changing careers takes years but I have no doubt that anyone who dedicates themselves to bettering themselves can do it !
My only criticism is that they are "assuming" we are ALL making a lot of money and can save a certain percent for food, clothing, shelter, emergencies, retirement, insurances, taxes and so on When you make $40,000 a year and are raising two children the pot to draw from is pretty slim.....Incomes, divorces, out of pocket medical and the rest effect our ability to save for the future....
I plan to read her book but one thing that caught my eye about Dave Ramsey's channel is his daughter. When I was watching his channel I saw that she was giving advice about being broke but I was thinking... Wait your father was rich by the time you were a teen and he paid your college tuition, living and eating expenses, So what do you know about going from broke to rich??? I'm not hating on her opportunities and it's great her parents could her that type of lifestyle, what bothered me was the fact that someone who pretty much grew up rich was giving advice and being "PAID" to give advice about the struggles of having no money. She gets paid a lot from books and speaking events to teach about going from broke to rich... But she NEVER struggled!
I read her book, and though there's a lot I agree with in it, there's also a lot I don't agree with. I came away thinking "there are no answers, we're all doomed" fortunately that last about 5 seconds. I realized she really didn't provide solutions. Yes teaching kids about money, or better yet the concept of wealth over the idea of making greenback, is a great idea. But it always boils down to: 1. living beyond our means, 2. lack of discipline, 3. poor choice of college degree earned (will that degree really translate into a living wage?) 4. and who you vote for. Orman and Ramsey sell you products without you knowing you're getting sold. But there is a truth in some of the ramblings. For instance, paying off debt. That's a great truth. You should pay off debt and you should strive to stay out of debt. However, their whole buy term and invest the difference scheme is very naive and shows a great lack of knowledge.
+str8Proud Orman also supports left-wing politicians who have a philosophy that goes contrary to the fiscal conservatism she advocates for individuals.
She makes a lot of sense. But bottom line, Suze Orman, Dave Ramsy, and others are out to make money. That's their business They're like any good salesperson, and they're doing a good job at it. I admire that. But as for me, Suze and Dave have LOTS of good information, and I pay attention to what they have to say. But I choose to check out their books or videos from the library, view their videos on RUclips, or just listen to what they say day after day on radio broadcasts. I watch Suze all the time on PBS. No need to spend my hard-earned money to help them get richer than they already are. And I'll surely not be spending money on this woman's book or whatever she is trying to sell.
Anyone can be a critic. Saying positive things n helping people out with there problems with the right solution with positive mind set. If this woman at least show the right path then I'll understand her logic n reasoning. Which she didnt here. What she is doing is such a common knowledge that u have to ask how a person forget to think that way.
Full disclosure - I'm actually a fan of Dave Ramsey, Suze Orman etc.(Dave is my fav so I'm gonna focus on him) I don't live their gospel - but I appreciate what they say - their plans/strategies are the "one size fits "all"" of the personal finance sphere. If I were to change my strategy to match theirs - it might take me a little longer to go where I want/be where I want to be financially - but it would work. I think that's important to keep in mind - *it would work*. I stumbled across this video and decided to google her book and give it a read. After all - I don't agree 100% with what the financial gurus I adore say (credit cards are not the devil's children, and how do you expect to get a loan at the low end of the interest rate spectrum without a credit score?!?!), but I respect the poop out of them. Also I'm liberal A.F. (which is probably why I don't subscribe to Dave's advice 100%) I fully believe that the student loan crisis is out of control, that there's a salary issue and minimum wage should be increased, that capital gains should be taxed at a higher rate, and that income/corporate taxes should be restructured to reduce those deductions that allow some to be taxed at an effective 0%. (:cough: Amazon :cough:) This woman spends the entire book vilifying the financial industry. The entirety of it. Financial institutions, personal finance gurus, books that people wrote about good behaviors. ALL of it. She insists they make $$$ by peddling snake oil. She claims they use fake stats (I've hunted down and verfied some of the stats DR and SO, etc use and they're fine. The few she pointed out were in fact inflated/misleading - but she missed the point of what the guru was trying to say, "lattes" are slang for bad spending habits. Buying 35k cars, taking out debt for things that lose value, etc.). She's so caught up in being annoyed that someone has the audacity to suggest that it's not a spending issue - it's an income/loan/inflation/etc issue only the government can fix when that in and of it'self is misleading and false. I still think that these guru's advice is good to follow. If you don't want to be in debt and you can't figure out a strategy to get where you wanna go - their advice is a great place to start. There's this a couple eps of Dave Ramsey that I feel would be good examples of why she's vilifying them improperly. A few people have had debt/issues - due to an income/cash flow problem. Dave told them as much and gave them actionable steps to increase their income. Even when the person is in debt and has a really solid income - he still tells them to increase it by working second or third jobs until they get OUT of debt - then to do what they need to STAY out of debt. Example - watch?v=HLSI7yZmMsk - can't find link for one, but the woman was a sub. teacher. She earned 20k, had a debt that prevented her from getting her transcripts and thus applying for a teaching license. Dave straight up told her she had an income problem and she needed to take on side hustles/part time jobs to increase her income by like 1.5k-7k so she could pay off the immediate debts/get the licence and move to a better paying job. I've also watched many eps with sick kids/individuals with serious medical issues and his response is ALWAYS : pause the baby steps, focus on surviving - and then when the storm passes (which it *will* - he always says) then continue on your journey. Example - watch?v=5_dsjWpzKI0 Or when people go through major traumas (divorce, death of a loved one, etc) he tells them to keep on the steps but NOT make any large financial decisions. Wait until they heal. Example - watch?v=v6dQgM7Q9oU The advice he gives is a one size fits all - yes. But it's a one-size-fits-all that WORKS for the vast majority of people, and a one-size-fits-all that a large portion of the rest can GET to with even more hard work.
The statement that anybody can do it is absolutely true. Don't let anyone tell you that it's impossible, because some of the greatest achievements were made by people who were told they would never make it. However, it is also true that some people have a greater chance of success than others.
She's wrong. I made money on a modest income. In fact you should listen to people who have money . And I bet you she's invested in a 401k. Here are the facts folks. It's not what you make, it's what you spend. All of my adult life I've made a modest income. But, I invested in a 401k many years ago. The last year it was worth over 12 million dollars. And my other coworkers didn't invest at all. They did overpay for a house, purchased cars and sold them every few years. And today they have nothing to show for it . Dave Ramsey , Clark Howard and others do a great service helping people . Listen to the show and spend some time learning about how to invest. That's all. My advice ? Invest in a 401k. Purchase a new car and keep it for at least 10 years. Stop making excuses folks and man up.
You are exactly right. I was $18,000 in credit card debt alone from living beyond my means (with a mortgage and car payments to boot). I stumbled upon Dave Ramsey on my car radio. I did everything he taught (without buying any of his products). Picked up an extra job. Did his baby steps: 1. Got an emergency fund of $1000 2. Paid off all my credit card debts smallest to largest (debt snowball) 3. Saved up 3 to 6 months expenses in savings (after cc debt was paid off) 4. Investing 15% of household income in IRA 5. Paid off house 6. Now building wealth and giving 7. This isn't a step, but since I got the house paid off I started up my own business and am making more than I can imagine. I'm 53 years old and am having a blast. I didn't save for my sons college (because it was too late) but taught him Dave's principles. He has saved so far $35,000 working at....drum roll please....Walmart. He lives at home and is 22 years old. Could there be a principle here for our kids? My families legacy has changed because of the great advice from Dave Ramsey!! I'm so glad I stumbled onto him. Choices have to be made...Either play the victim mentality or man up, woman up!! Everyone's responsible for the choices they make. Start today. Don't listen to this woman. She wants to keep you in chains (she just doesn't realize it) There is a bible passage....the borrower is slave to the lender Let that sink in. It's so true
TELEVISIONARCHIVES, Just remember one thing. Even if you buy a house that loses equity because the bubble bursts, it will go back up pretty fast. And you need a place to live. And it will be paid off in 30 yrs. or 15yrs. depending on your mortgage. Rents will keep going up. Your house will be paid for soon enough. I'm not saying buy a mansion or even a mcmansion but a nice modest house. As far as a car, why not buy one 1 year or two yrs old because once you drive a new car off the lot, it decreases about $10,000. Everything else you said, I agree with. Good advice!
I used to take my grandchildren to the $1.00 store. I would give them $5.00 and let them shop. They would have to make choices and look in their baskets and count how many items they had. If they had too many they had to decide what to put back. It was a good experience for them.
This is misleading. There are a number of current studies indicating a large percentage of the population has barely any savings. The answer isn't "stagnant salary and education costs." If that were true what's the cause of the other percentage that has saved? Hint: it's not because they're all millionaires or inherited money. Do most people and couples and families create financial budgets and goals and review ever 3-6 months if they're on track? College bills? Do most students understand the value of any given degree and if the cost can even be recouped in the career their studying for? But don't worry, just buy that lady's book 😉
RECAP: She started by criticizing Dave Ramsey ,Suzi Orman, Tony Robbins types ,then validated everything they preach, then accused them of selling financial advice, then echoed the same Principles the above mentioned espouse, with a twist of “oh it’s not your fault”, then said buy my book! 🤣🤣🤣🤣 save me from the contradictions Lawd!
Suze Orman is one very BIG reason why I am debt free, own my brand new home outright, and have plenty of money in the bank, Thank you Suze, your advice is gold ! This woman, in this video, is just flapping her gums
If it wasnt for Dave Ramsey, I would still be in debt and not able to save for retirement like I am. Suze Orman's advice isn't worth a dime. Everytime I listen to her, I feel poorer. But thanks to Dave, I'm better off financially and will have a good retirement. This gal sounds like she's saying "You're a victim, it's not your fault, and there is nothing you can do to help yourself." No thanks sweetheart. You can be a turkey. But I'm an eagle.
She's right about the shadiness of some of the gurus' endorsed products and services. But once you vote for Bernie, what exactly are you supposed to do? Unless you're going to move to Scandanavia or travel back in time to the hey-day of postwar prosperity, there's no positive action to take. Ramsey and Orman give you something to do. Instead of feeling like you were born in the wrong place at the wrong time, you stop going out to eat, drive an old car, pay more attention to other opportunities in your career, get a second job, skip the craft brew, entertain at home, small/out-of-the-way apartment or house while saving. Ramsey in particular talks a lot about not attaching "I deserve" to financial decisions; not keeping up with the Jones's. That's why he's so popular despite saying the same thing on his radio show every day --- people who follow his advice constantly feel like they ought to be maintaining a lifestyle that would cause them to live paycheck to paycheck. Trading down in house, car, vacation, technology feels like moving backwards and puts you out of step with your peers. But for most people, it frees up money and they can get out of debt, not have to rely on credit cards and build up a bit of savings.
What? We can't control health care costs? If we at REAL food, health care costs would drop like a rock, along with diabetes, heart disease, high blood pressure, etc. Yes, I get it....there are always people who will have circumstances beyond their control happen to them. But 80% of people have the ability to take at least some control over their financial lives, but they aren't doing it. She is right about financial education, though. The research does show that financial literacy doesn't change behavior. That's because financial problems are symptoms of deeper personal problems.
"some control" You can have a job that pays for good insurance entirely, but there is still out of pocket costs. You can only cut down a food budget so far before it negatively effects your health. You only have so much time to rest and exercise while working a full time job. If you don't do either enough, it negatively effects your health. None of that matters if you get cancer. Cancer has no cure or single direct known cause that can be avoided. There are treatments, but they are excruciatingly expensive WITH insurance.
She is selling a book, how is that different? I just hear her criticism. Suze doesn’t shame people. I took Suze’s advice, didn’t buy anything of hers and it has assisted me in paying a mortgage off 6 yrs early. That was over a decade ago. I still listen to her free advice.
So this author is calling out the financial service industry. But isn't she part of the problem by selling and marketing her book? She seems like a lovely lady, and I maybe an observer here. But I feel if you want advice with money, it should be for free.
she did just give it to you for free. it's the word "fiduciary". anytime someone gives you financial advice, ask them if they're a "fiduciary" which means they have to represent your interests, not theirs. unfortunately, this protection was removed when Dodd-frank was cancelled by the current administration, however, still worth the ask. also, remember, no one gets a "free lunch". everyone is vulnerable to bias and how someone gets paid for their services goes into that. you as the consumer may not pay directly for their service but others may pay them to have access to influence you (think of free cell phone apps who sell ads or offer discounts to participating vendors like groupon). its just a basic fact of behavorial economics
Ok costs of living are sky rocketing, but you do have a choice to adjust to it or not. Its not fair, but its what it is, and for people with tons of unecessary credit card debt...yeah it kind of is their fault. The problem isnt that people are ashamed of it all they're just humiliated and want to avoid what is really going on with their finances. Our society is obsessed with wealth and making it but some have better odds than others. Plus most dont realize the amount of work along with keen social ability it takes to get to the stop, life is a game and you have to play it well. Simplicity is the best thing, the less you have, the less there is to fret about, dont over compicate your life just stick to the essentials and go for your goals with out gratification. Poverty is such an experience...and now that my family is out of it I look back and it really gave me a lot of lessons on a lean life, you learn to make the stress and tragedy part of your story and motivation and really appreciate the simple parts of life.
Well, that was a worthless interview..sounds like she doesn't want to take responsibility for her finances. Lets see...pay off the credit card debt, save for an emergency fund, save for retirement, payoff your mortgage, live below your means...sounds good to me. I'll listen to Suze Orman anyday before I listen to this opportunist.
Isn't she also selling "these umbrellas"? The difference is that hers is full of holes. She's an opportunist who tries to take advantage of other people's good advice. If a book doesn't add value to my life, why would I read it? Thankfully I found these videos before I started reading. There's not much to argue against good teachings like: getting out of debt, staying out of debt, don't spending money on stupid things, investing. These are all basic personal finance principles that many people don't do.
Actually not, they give a lot of useful advice. Also, they don't make you buy their products, that only if you choose to.Also, you can't get a lot of their stuff for free! As consumers we just have to know how to educate ourselves, its business for them also. They have to make a buck too. Look at you, I don't see you giving your book away for free.
She is so right, many of these people offer advice with the mindset that we all earn more than minimum wage and all expenses have not gone up. Its just a disservice and mental dissonance to the reality of everyday life.
The keys to wealth are simple. 1. Maximize income 2. Live as far below your means as possible. 3. Invest the rest regularly. You don't need Suze, Dave and other experts to know that.
There is validity to the concept living within your means...discounting that point does not help. This is a interview that might be called "Yes but..." Suggest an alternative to people [which offers a savings] and there are many who will not consider the option...their response would be "yes but....."
Universal health care (like every other 1st world nation) & free college (again, like most other 1st world nations) would go a long way to solving the financial crush we’re feeling now
+Carol Cain that is the thing, she never said her advice is "wrong", she just says it isn't saving your finaces. I don't agree with the author, but her point simply seems to be that some high costs cannot be avoided by everyone, and that that is not their fault. Maybe she went through some stuff and felt like she needed to defend herself..? Anyway, I won't be buying her book.
+Kees some high cost can be avoided, people just so Bain washed by marketing and advertising.... so the marketing class at Harvard is not better than the one at the local community college... people would think it is because of the prestige.
keyron Campbell ofcourse there are lots of pp who love to be in the victims role and probably they wildly agree on everything this woman is saying and using it as an excuse for themselves. I understand your point.
It DOES boil down to personal choices, not blaming that your salary went down 20%. That's like a company saying that their expenses aren't too high, they just need a bigger top-line. I agree if you have a horrible medical expense that may boil down to bad luck. But if someone choses to have kids, because it's "everyones right", those little buggers are going to run 250k a piece to raise to 18.
How hypocritical is this woman? She's on TV peddling her own personal finance book, all while telling us that other "money gurus" are just preying on us. Pot calling the kettle black!?
@@priceandpride… sorry life is hard. I will take Dave Ramsey's message of hope and success over this lady's message any day. Talking about the average person, people CHOOSE to waste way too much of their income and then complain about being broke. Deny it all you want, but it's true.
It's about what you can control. Most of us cant control our income but you can control expenses to an extent. Maybe you live in a high rent area which is beyond your control but the idea that your helpless on low incomes is rubbish. If you spent £3 a day on lunch when you could bring from home that's like a £1000 raise! Sure earning more money would be great but people who call in for Dave etc could probably double their income and still spend everything they make. Some of us have an income problem, others a spending problem
Lots of people think that a 15-year mortgage has payments twice as much as a 30-year mortgage. This ignores the quicker reduction in principal from higher payments, which are about 50% more than a 30-year mortgage, ignoring escrows for property tax or homeowner's insurance..
I can change my habits a lot quicker than I can change the world's financial system. Suze is my favorite source of financial info but that doesn't mean I have to subscribe to every word
she says a word that makes all money people cringe Fiduciary what that means is that they are bound bylaw to have your best interest in all their money dealings where you are concerned funny but don't you think that should be the case in the first place?
I understand what she's saying. But a lot of what she is talking about are special circumstances. Even Suze Orman and some of the people she's talking about have said there are certain special circumstances. Yes, things happen outside out control, but every time happens outside my control there are still things I could have done to reduce the affects. I agree that there does not need to be an organized structure helping kids learn about financials, but what parents teach and show does make somewhat of a difference. Did she say people shouldn't not live in a certain neighborhood because the houses are too expensive? That's not a financial advisor's help. That's the fault of the people who believe in separating access based on income levels.
Funny, she is a victim sympathiser but feels empowered now that she's studied these financial personalities and systems. Everyone is responsible for what they do with the money they earn. As Dave Ramsey would say - just because you live in a place with high real estate prices doesn't give you a pass on math. If your house payment is more than 25% of your take home pay you will be house poor. That's not the economy's fault it is your fault for buying a house that is too expensive for you. If a college is going to put you deep in debt, it is too expensive for you.
Helaine didn't say anything that is at all useful. What's her point? Suze Orman gives advice that doesn't help the financial services industry such as don't buy variable or universal life insurance. Furthermore, Orman has said repeatedly that if you're going to see a financial planner or advisor, choose one that doesn't sell products. I'm a finance major and she's never said anything that contradicts what I've learned in my courses. Meanwhile, this woman didn't mention one piece of advice from Orman that was bad advice.
Her point was that financial gurus like Orman can give good advice, but it should be taken with a grain of salt. Ultimately, Orman is trying to run a business - that ranks higher to her than your financial needs. Helaine is saying do your research, get several opinions, and more importantly, while there are things all of us could do to manage our money better, we also work in an economy that has stagnant wages and low potential upward mobility. So you shouldn’t shame and beat yourself down about being in debt. It’s not productive and some of these factors are out of your control.
So, which is it: Orman never said that a debit card builds credit, or did your courses teach you that a debit card does build credit? Both are wrong. Unless you have listened to everything Orman has said, you can't say "never".
So, It's not the finance industry, it's the schools? And when did Build a Bear enter the finance industry? I give few seminars on budgeting and investing, and I don't charge. I rarely disagree with Ramsey or Orman when I catch their programs. Best thing you can do is spreadsheet your finances and set goals, it will make you question everything you spend money on if your trying to make that Net Worth number go up every month.
When Dave Ramsey said you can decide to not participate in a recession, he was talking about attitude or mindset. Olen took a figurative statement as it were intended literally.
Of course the deck is loaded - in favor of the haves. What is the solution though? Living within means is a choice for some people for some time at least. To me that is as much of a solution you have in your control. While it is true that financial mobility, equal opportunity and American dream is not there for many many folks, just blaming the system is generally not the best choice if you are looking to be financially better off.
She's trying to sell her own "umbrella" and trying to be a guru herself - hypocritical. Suze Orman gives great advice, what is this woman talking about?!
College is a great idea AFTER you got your own slice of land to live off of. It don't have to be high dollar land it just has to be yours. My plan for my girl is to get her a place so she never has to experience homelessness as I have. I had to deal with it from 15 on&off. Last time I was homeless I was 30 I am 44 now debt free. We don't have a huge place but it is all ours for now we are winning but there is no guarantee. Days of hunter gathers are gone pop density way too high for that.
GD1 they did not have food stamps the farmers would throw food away rather than sell it at a loss. They literally would throw it away knowing millions were in the cities starving. There were so many starving people the game nearly ran out. If we had same situation today there would be no game left no fish. We need to get started on growing our own food every home should have an aquaponic system growing fish and veggies. We are in GD2 they want our guns they want a WW3 they think it will help.
I think there must be a balance. There are things the individual can do and control. However, there are things that are systematic. For example, does Suze and Dave talk about saving money in a fiat economy? Do they talk about radically increasing income along with budgeting? Having multiple streams of income?Or how does inflation impact your money? Ultimately, we must empower ourselves with the proper information and not use information that is obsolete. What may be true in the past may be a lie now.
You have to have personal responsibility. You need to take what makes sense from what Suze Orman says, you need to take a piece of what Dave Ramsey says, etc... and come up with your own common sense conclusions on how to live your life. They don't give BAD advice, but there's more than one way to get from A-Z. And you do NOT need to buy ANYTHING. There's plenty of free information out there.
This woman is giving her financial advice in a book just like Suze. The only difference is Suze is just better at it than she is! Tony, Suze, and many popular financial gurus give the same advice they just don’t talk down on anyone in the process.
Well I see people buying new cars they simply can't afford, a college degree that won't help them, then they pick up whatever job they can get.. and then wonder why they're broke. It's kinda funny if you think about it. How did we ever make it for thousands of years?!
Stop this nonsense. Most people are in debt because they are trying to keep up with the Jones’, not because they have exorbitant health care costs. (I am NOT saying that health care isn’t ridiculously expensive because it is). If you are being HONEST, people buy cars out of their budget, eat at restaurants 7 days a week, and take vacations they can’t afford. You are making debtors seem like victims when most aren’t. They are there because of bad choices. And to lump Susie & Dave together shows that you either have no idea what you are talking about or are simply trying to push your agenda. People need more accountability for their actions, not less.
Did she just say "Its hard to live within your means, when you only get $300 unemployment a week"?!!!!! What planet are you from woman? I work as a teacher aide in special education and I make $550 every two weeks (on hand). So I am very sorry but I don't feel bad for people who get more money then me by sitting home!!! I only watched about 1 minute of this interview and my blood is already boiling. I probably shouldn't watch it to the end.
Ok, so you make $550 every two weeks. I am going to ask you then why you looking for investment advice. How much do you save per year, within your poverty income bracket, to invest?
First of all that's how much my job pays, not what my total income is. One more thing; you don't need to make lots of money to learn new things. Just becasuse I'm not rich doesn't mean I will never be rich!!! And It Also Doesn't mean I can't learn about saving money. But it definitely means that you are unhappy, bitter and ignorant. Thank you for your input.
Sounds like some pseudo-intellectual that like to hear the sound of her own voice. Orman, Ramsey, etc offer enough free information that you really don't need to buy any products . She spent 10 minutes trying to convince people that EVERYONE ELSE IS WRONG EXCEPT HER and has not offered a single piece of useful advice while trying to advertise her own book.
Orman et al. are trying to tell you how to play the game. Olen wants to change the rules of the game. That calls for political action, not personal finance advice. You don't hire a realtor to change the market; you hire a realtor to get you the best deal in the current market. If you don't like the way this country is run, get out and vote. Don't blame financial advisors for economic realities that they have no control over.
Suze Orman gives great advice. Thanx to reading her books years ago, I was able to retire early, have two homes (one vacation) paid off, two cars paid off, 8 month emergency fund (good in times of Covid). Spend less than you make, yes indeed, that's the key.
Nope, it's not your fault, it's the fault of the world around you. What she is saying, "be passive." This video just seems like a promotional video for her book. Word of advice, save yourself some money and don't buy her book.
I haven't heard a single word of actual advice from Ms. Olen during this interview. There wasn't a single piece of wisdom that came out of her mouth that I would feel good about implementing. Her only "vector" is bashing on others. That is not a constructive way to help other people, it is inherently destructive and will only discourage others from making necessary changes in their behavior. I'm also a little surprised at Ms. Schlesinger for being a part of this video. In the future I plan on avoiding both of them, meaning any future videos, radio programs and/or publications. I suppose the short video was a good investment in that I know better than to spend any more time with either of these "experts".
I used some of Suze Orman advice about insurance and it saved me $1000 a year. Also my grandma listened to some advice she gave on Reverse Mortgages and kept her house. Literally!!!!!! I do believe everything isn't for everybody. Maybe this lady is throwing shade because she is not famous...Who knows. Suze Orman's advice is just what it is..... This lady saying that children are creatures of habit is wrong because life always changes. If you have the money, respect it. If you don't, figure out a decent plan to get out of debt and create a residual path to either wealth or living comfortable.
Lashele Carter That $1,000 you saved is great. But when you get laid off as a result of a recession, it won't keep your head above water for more than two weeks. That is her point. You've got a parasol to protect you against the great flood.
You can listen to Dave Ramsey for free on the radio or RUclips. You don't even have to buy any of their books.
true
That may be true, but to be honest it’s advertising 98% of the time. Each caller he takes resonates with thousands of people on a specific basis and they think “if he’s giving them his program for free to help them get out of this, it may help me.” And they buy the books or programs. Not to mention ad revenue from the thousands tuning into his channel or radio show. He’s almost like watching a Hallmark Christmas movie. The same story over and over with the same plot but different actors. Live in your means, sell everything and the kitchen sink, you were an idiot to get into this situation, pray about it, don’t do it again.
There’s nothing wrong with him banking on this market, but people should be aware that he isn’t the only answer to their problems. There are countless scenarios that impact one’s financial situation.
This lady is just pointing that out.
@@CedarMountainsnow That’s true for you, me, and a few others. But he still has people who has bought his programs and books and he advertises them in every video. Again, there is nothing wrong with that because every RUclipsr promotes their products.
Check them out from library
@@treygarver7791 that would be the economical thing to do. But he wouldn’t advertise them in every show unless he wanted people to buy them so apparently there are people that buy it 🤷♂️
There will always be a knowledge imbalance. Never take advice from a single source. Do your research, talk to multiple advisors, read books with different perspectives.
Good point !
I've found Andrew Tobias to be a realistic, honest chronicler of the financial scene....but there are people who have done everything right and wound up with nothing due to capitalism, witness the 2008 financial collapse, orchestrated by free market gurus.
Take a few calculus and physics courses. Learn brain surgery in your spare time. Sorry, my point is that Helaine Olen pointed-out that you won't get ahead with this nickle and dime penny pinching stuff. The people who are there to advise you aren't in it for your best interests; and even if there was some part of them trying to do the right thing, they can get it wrong. I'm fairly obsessive when it comes to making decisions. I can put the best effort in and still be fooled.
I could not agree more. Active listening.
Thank you! Life is about balance.
Take personal responsibility for your financial security because NO ONE ELSE cares. Not the government, not your employer or big business, not your neighbor...You're on your own.
Her( susie )advice really helped me pay off debt and make better choices..... I'm in better place have better confidence in dealing other issues..
in total agreement with Suze. Been following Suze since her CNBC days and on her current Suze Orman podcast and am living a blue collar debt free life..
saying "its all your responsibility" is not the same thing as saying "its all your fault" it doesnt really matter why you are in financial straights, you will have to be the person who gets you out of it.
We are responsible for our finances. I do not want to be a slave to debt. We have a choices. What is this lady talking about?
that is true what your saying but rent, food and health care has when up really high '
I don't buy expensive cloth or drink alcohol or even go out alot and Im in debt because of student loans
CL F Listen to the reality of what she is speaking. A lot of it is true. The real deal is that they are taking money at an alarming rate by taxes, mandatory insurance, student loans (personally i think certifications are far better right now), and other costs that come across randomly be it emergencies, car repairs, ect. The wages are not increasing. We are being milked out of our money and then being told its our fault we are broke. That is simply not the reality of it. When you are required to pay a certain amount that puts you in the negatives when you are working a full time job and it does not cover your cost of living and you are already living in the lowest cost area you can, then this is no longer about living within your means, its simply that you dont have the means to live because your earning power is not enough for you to live on, there is not a lot you can do when you hit that point. Thats reality.
She pretty much is saying the same thing as the people she is bashing..."I care about your financial life more than those people hawking advice. It's all in my book, here buy it."
i visited this video because i recently read a book by suze orman and found it very useful in understanding my own finances. it seems like it would be good to take olen's ideas in mind but with a grain of salt. it's true that things are getting much tougher on the middle class and financial failure isn't always a person's fault. but i don't think that's what orman is getting at, at least. i think the takeaway from orman's advice is that you can still make decisions that will help you more than others, and you can understand your money, even if the odds are stacked against you. not everyone can become a millionaire but you can at least try to work out of your debt. i don't think that olen is wrong, but by implying that orman's advice doesn't help AT ALL, olen isn't being fair. again, grain of salt.
Suze Orman has good advice in terms of "do I invest in a 401k or an ira". She's the financial equivalent of dr. Oz. You wouldn't watch Dr. Oz and suddenly think you can cure your diabetes. I've learned a lot from watching her program on TV, but I still talk to my banker and ultimately get financial advice from people who are cpa's and finance lawyers.
foosmonkey I totally agree with you.
foosmonkey Suze Orman is like someone who dated a veterinarian telling you to walk and feed your dog...brilliant insider insight. ;)
Suze Orman's advice on insurance saved our family and added to our wealth in an incredible way. She's an expert in her field. Read everything she's written and am reaping the benefits 9 years later. Will continue to take her advice.
I totally agree with this gal about Suze Orman(nothin but a fraud) the only way she(suze) gets her money is peddling her crap and charging for her appearances
in other words she's the Oprah of the finance gurus
wait wait wait. You mean she makes money doing her job???
The reason I like Dave Ramsey is that he says I can solve my money problems, rather than whine about how the cards are stacked against me, so why should I bother? In two years, I went from needing to borrow $700 to fix my water heater to paying off my debt, except my house and saving six months of expenses for emergencies.
Yeah, health care costs suck. Housing and car prices are insane. But math still works. If you can't pay for it, don't buy it.
Bonnie Half-Elven I stopped listening to her when she bashed Dave Ramsey. He’s helpful.
@@ladydoc7221
Agreed. Ramsey has given people hope and inspired them to turn their financial situations around. This chick just encourages people to wallow in their misery and cry "THERE'S NO UPWARD MOBILITY IN AMERICA!!! THE AMERICAN DREAM IS A LIE!!!!"
Like...how does that help anyone?
Agreed!!!
Bonnie Half-Elven yes and the financial experts are advising the opposite... don’t pay off your debts. Listening to Dave Ramsey I still own my 2007 Subaru and have an excellent mechanic!!!! Lots of money saved right there! Easy $7000 saved not counting interest each year multiply times 3 years that’s $21,000!!! I have subtracted money that I paid for repairs!
Yeah, if you can't afford to get sick, don't. LOL
A breath of fresh air and TRUTH, FINALLY. Many self-help spiritual gurus in general out there deny our stark reality. They tell me I can overcome any circumstance with positive thinking and/or harder work, more comittment. Not true. We need free resources like free college, cheap transport, and free healthcare.
First about this women and her book,she talks about others just selling/hocking stuff/goods/services. What the hell is she doing? BUY MY BOOK, sorry I think I'll put that money on a bill. Ooo! and I got that advice from David R.
"We straight-up need free resources like free college, cheap transport, and free healthcare" Are you freaking kidding me! NOTHING IN THIS WORLD IS FREE!
What we need is for people to start taking responsibility for there actions.This includes the lawyers & politicians that make the laws that allow the thieves (IRS,Banking system) to take the personal wealth from the working people through Taxes,levees,fines and charges. After taking the money from (regular Joes) it is being miss used all around even at the so called free resources. As for as these people that tell folks " I can overcome any circumstance with positive thinking and/or harder work, more commitment.) Your telling me we should sit back and not work harder,not have a positive attitude and don't be committed -because no matter what there will be suckers like me ( regular Joe ) that's giving up over 48% of my hard,positive thinking and committed MONEY in (did I mention miss used?) taxes. I ask you how much 60%,70% is enough before even the working will just give up? Sorry, you're not working,or don't make enough money to buy the things you want or need. But! have you thought of praying for it? I DO! It worked for me. just sayin!
Totally wrong! My friend works with several middle aged women in a low paying office environment. The women complain about money and buy their breakfast and lunch almost everyday. You ARE in control of you want to be.
While it is true that there are many things and circumstances out there that is beyond our control, and we all know this [out-of-our-control] fact, this lady is not saying anything new. She is just another one of those "fight-for-the-poor-guy[gal]" talking heads out there who excuses (or helps to excuse) [some] people who are not making it.
Instead of complaining "my job pays too lowly", why not asking:
*HOW* I can increase my income?
*WHAT can I do* to make more money?
*WHAT are the opportunities* out there?
*WHAT can I learn* to allow me to make more money?
Questions like these would jumpstart our creativity [for solving our financial woes] rather than sitting around complaining about being victimized [by something out there which we cannot control].
Amen.
This author is also a person selling an opinion. The landslide of hate toward Orman, Ramsey is uncalled for. They give advice and it is good advice. Save more and spend less. They can't get a career for you, they can't get an education or training for you. That is up to you to decide what path you take to get that job that pays a decent wage. Wages aren't what they should be and that is the fault of the upper edge of America who have all the money and control the money
I agree with the principle of what Helanie speaks about wages have been stagnant and cost of things like medical expenses and education have increased at above inflation. But at the same time food, electronics and consumer goods have gone down. Truth is somewhere in middle Americans do need to be smarter with their own money at the same we need to demand from our politicians to stop screwing us to help greedy corporations.
janoos24 exactly!!! It’s a political issue!!!
Suze never said: "It's your fault". And isn't the guest talkiing also about her "product" - her book?:-)
Aneta1825 yep. Same thing i was thinking.
Suzy is a big scammer. Don’t defend her. That is a big misconception. Look into this and you will see. Start with her bogus credit card she was pushing. She is really a wicked beast.
I just watched clips of Suze Orman saying exactly what you claimed she never said.
The author kept sounding like she was going to make sense but didn't. And while I do agree with her that the cost of healthcare and housing has skyrocketed, she could not convince me that learning smart money management as a child was no more beneficial than not learning it as a child. The earlier you learn wisdom, the less likely you are to make unwise choices. I didn't learn money principles as a child and saw my parents struggle to make end meets; also adding to their struggle was lack of a higher education. It took most of my adult life to step out of stupidity and understand the principles of money management and the merits of a good college education (earned a BA and a Masters after the age of 50). In my early years, my wants were my "needs". I did not see that I was spending my future for today's desires. Now I clearly know and live the difference! Unfortunately, I've only got 15 or so years to make up for the knowledge I didn't have during my younger years and am having to bust my tail making up so that I have a decent chance of a comfortable life in retirement. It means the vehicle I bought 16 years ago will have to last a few more years so I can play catch up saving. And it also means I'll have to work longer before I am able to retire. I don't blame anyone but ME for the decisions I made early in life. But I won't give up and believe I will make it to a great retirement (albeit, by the skin of my teeth). Wisdom and frugality is helping me to make up for a lot of years I lived financially foolish. And I do see light at the end of the tunnel. BTW, getting those degrees played a HUGE part in increasing my income substantially. Even still, I'm working 2 jobs to save extra as fast as I possibly can. It is not easy, but for sure, it is working. As it relates to estate planning, Suze Orman does offer some nuggets of wisdom - even if you don't a lot. For those who are minimum wage earners, my heart goes out because I do think it is difficult to impossible to live in a safe, comfortable place and eat reasonably healthy on minimum wage; unless you can find several others to share an apartment or house and who are all striving to make a better life. I do wish everyone the best and can say from experience, that if you want to do better and will not give up, you will have success.
Suzie Orman should be in prison for being a con artist. There are no nuggets of wisdom from coming from this crook. Your ramblings make you sound like a crazy person.
Marie Miller ~ I loved reading your post! You’re truly kind and inspiring! I can relate to your story as well. I’ve been fortunate to have a great career that was very lucrative, however I spent a lot of money helping out others in situations where I probably would have helped them more by not doing it in a monetary way. However I have no regrets. I really love that you went back to college after 50 and finished your degree program. I was injured at work and suffered significantly , and on so many levels. I’m not in a transition place of “What to do next”, so again... I really appreciate your return to college share as that’s something I’m considering. I also agree with you 100% on the despicable amount of salary that is minimum wage! It’s nearly criminal! I made nearly 6 figures a year before my injury and I’ve always had compassion for anyone making 7-10 an hr!? No one can live a psychologically safe nor adequately healthy, on that! It’s criminal! I wanted to add this too~ Suze is a great salesperson, yes! She’s an exceptionally convincing speaker. I understand why some people feel the way they do about her. I also agree with you on her nuggets of wisdom! She didn’t get where she is because she is lacking knowledge of finance or just intelligence in general. Do your due diligence and seek knowledge from many sources and then look for consistency. One final rant... lol IF you get injured at work... I do not care who you work for ( I was employed by a Fortune 500 company that is considered one of the top 10 companies in the US )... they DO NOT CARE ABOUT YOU! I know that’s hard to accept or you may not believe it if you work for a great company like I did. But bottom line is at the point of your injury, YOU WILL FOREVER BE A LIABILITY to them. Their bottom line is “Making the team work so the SHAREHOLDERS dreams work! FACT! So for anyone reading this... my one tidbit of advice is to try ( if you’re able ) to save a few months salary no matter what! And buy insurance policies OUTSIDE of your employers network!!! The company usually owns the insurer! Best of wishes!!!!
I don't know that you need to go to college to make a good income. It depends on what you want to do with your life certainly. But there are plenty of people out there that are making way more than I do having a master's degree and they didn't go to college.
I know what you mean. I know of a guy who has nothing at all. In his 50’s and holds a master’s degree. He works nights stocking in a grocery store.
+Stacy Turner I agree with some of what you said. But the Average American now don't have a budget to make tighter. People are working 2-3 jobs at a time part time trying to eat and pay rent, mortgage and utilities. This is the bare minimum. Making a tight budget is still leaving you with something to put away. Most Americans have NOTHING to put away they live paycheck to paycheck. Especially if you are between the age of 21 to 50. We have to set ourselves up with a re-educating on finances and economics. This is 2016 and we have no clue.
Clark Howard is the man to trust for personal finance. He sells and endorses absolutely nothing. There is no conflict of interest.
I couldn't disagree more with this author. Buy or don't buy from Suze Orman and Dave Ramsey but they both generally have sound advice. I would never take either of their advice (or any other financial experts advice) at face value but do learn from each and take ideas from them and do what works for you. This idea you have no control over these things though is just not true. I know because I made 18k a year 4 years out of HS working blue collar tool and die mfg job. I struggled to make ends meet so I went back to school and got a programming degree part time while working full time(and working multiple jobs). I got my 2 year degree and got my 1st programming job and then I had my company pay for my 4 year degree. I struggled the next decade but I lived below my means and started saving in 401k. Eventually, 30 years later i'm financially secure. Was it easy? No. Did it take a long time? Yes. Could I have said back when I was 22 and struggling financially that the system is rigged and I have no control over the cost of college or medical or how much I make? Yes, but it's not true. I can't say it is easy because it's not and LIFE IS HARD financially especially if (as I did) you start with zero savings and no job prospects. With discipline, hard work, and determination you can change your situation! Wealth is generally built over decades in the stock market and changing careers takes years but I have no doubt that anyone who dedicates themselves to bettering themselves can do it !
I like Suze Orman, but Olen brings up some good points.
To all of the FANS of Suze Orman who denies her of bein a Fraud...get her Prepaid Card ...LOL!!
@darlingUSA1 So, they were on a panel with her, they were individually invited. Big deal.
She charged $3/month meanwhile Bluebird By American Express from a Walmart charged $0!! 😂😂 I had That Approved card and didn’t utilize not once! 😂
@H. M Idk how that's being fraudulent... those people choose to by the$3.
And the answer is in buying her book?
My only criticism is that they are "assuming" we are ALL making a lot of money and can save a certain percent for food, clothing, shelter, emergencies, retirement, insurances, taxes and so on When you make $40,000 a year and are raising two children the pot to draw from is pretty slim.....Incomes, divorces, out of pocket medical and the rest effect our ability to save for the future....
I plan to read her book but one thing that caught my eye about Dave Ramsey's channel is his daughter. When I was watching his channel I saw that she was giving advice about being broke but I was thinking... Wait your father was rich by the time you were a teen and he paid your college tuition, living and eating expenses, So what do you know about going from broke to rich??? I'm not hating on her opportunities and it's great her parents could her that type of lifestyle, what bothered me was the fact that someone who pretty much grew up rich was giving advice and being "PAID" to give advice about the struggles of having no money. She gets paid a lot from books and speaking events to teach about going from broke to rich... But she NEVER struggled!
I read her book, and though there's a lot I agree with in it, there's also a lot I don't agree with. I came away thinking "there are no answers, we're all doomed" fortunately that last about 5 seconds.
I realized she really didn't provide solutions. Yes teaching kids about money, or better yet the concept of wealth over the idea of making greenback, is a great idea.
But it always boils down to:
1. living beyond our means,
2. lack of discipline,
3. poor choice of college degree earned (will that degree really translate into a living wage?)
4. and who you vote for.
Orman and Ramsey sell you products without you knowing you're getting sold. But there is a truth in some of the ramblings. For instance, paying off debt. That's a great truth. You should pay off debt and you should strive to stay out of debt. However, their whole buy term and invest the difference scheme is very naive and shows a great lack of knowledge.
+str8Proud Orman also supports left-wing politicians who have a philosophy that goes contrary to the fiscal conservatism she advocates for individuals.
She makes a lot of sense. But bottom line, Suze Orman, Dave Ramsy, and others are out to make money. That's their business They're like any good salesperson, and they're doing a good job at it. I admire that. But as for me, Suze and Dave have LOTS of good information, and I pay attention to what they have to say. But I choose to check out their books or videos from the library, view their videos on RUclips, or just listen to what they say day after day on radio broadcasts. I watch Suze all the time on PBS. No need to spend my hard-earned money to help them get richer than they already are. And I'll surely not be spending money on this woman's book or whatever she is trying to sell.
jdstep97 I concur
totally agree.
Suzy Orman has no advice at all. She is a crook. Davis Ramsey has useful information for people who have no idea what they are doing with finances.
ruclips.net/video/wZJh25-sO98/видео.html
A big eye opener
She stated facts
she's a critic with no advice of her own to offer
Connor Reed Number one she is saying valid points, we are sold to many things are these things truthful? That what we need to ask ourselves.
That's what a snob critic think n she entitled to ensure herself whatever hole she dug for herself its not her fault.
Anyone can be a critic. Saying positive things n helping people out with there problems with the right solution with positive mind set. If this woman at least show the right path then I'll understand her logic n reasoning. Which she didnt here. What she is doing is such a common knowledge that u have to ask how a person forget to think that way.
Yeah, she basically has a mindset of "oh, people can't make it without the help of Big Brother government".
at least she is not trying to sell you anything
Full disclosure - I'm actually a fan of Dave Ramsey, Suze Orman etc.(Dave is my fav so I'm gonna focus on him) I don't live their gospel - but I appreciate what they say - their plans/strategies are the "one size fits "all"" of the personal finance sphere. If I were to change my strategy to match theirs - it might take me a little longer to go where I want/be where I want to be financially - but it would work. I think that's important to keep in mind - *it would work*.
I stumbled across this video and decided to google her book and give it a read. After all - I don't agree 100% with what the financial gurus I adore say (credit cards are not the devil's children, and how do you expect to get a loan at the low end of the interest rate spectrum without a credit score?!?!), but I respect the poop out of them.
Also I'm liberal A.F. (which is probably why I don't subscribe to Dave's advice 100%) I fully believe that the student loan crisis is out of control, that there's a salary issue and minimum wage should be increased, that capital gains should be taxed at a higher rate, and that income/corporate taxes should be restructured to reduce those deductions that allow some to be taxed at an effective 0%. (:cough: Amazon :cough:)
This woman spends the entire book vilifying the financial industry. The entirety of it. Financial institutions, personal finance gurus, books that people wrote about good behaviors. ALL of it. She insists they make $$$ by peddling snake oil. She claims they use fake stats (I've hunted down and verfied some of the stats DR and SO, etc use and they're fine. The few she pointed out were in fact inflated/misleading - but she missed the point of what the guru was trying to say, "lattes" are slang for bad spending habits. Buying 35k cars, taking out debt for things that lose value, etc.). She's so caught up in being annoyed that someone has the audacity to suggest that it's not a spending issue - it's an income/loan/inflation/etc issue only the government can fix when that in and of it'self is misleading and false.
I still think that these guru's advice is good to follow. If you don't want to be in debt and you can't figure out a strategy to get where you wanna go - their advice is a great place to start.
There's this a couple eps of Dave Ramsey that I feel would be good examples of why she's vilifying them improperly.
A few people have had debt/issues - due to an income/cash flow problem. Dave told them as much and gave them actionable steps to increase their income. Even when the person is in debt and has a really solid income - he still tells them to increase it by working second or third jobs until they get OUT of debt - then to do what they need to STAY out of debt.
Example - watch?v=HLSI7yZmMsk
- can't find link for one, but the woman was a sub. teacher. She earned 20k, had a debt that prevented her from getting her transcripts and thus applying for a teaching license. Dave straight up told her she had an income problem and she needed to take on side hustles/part time jobs to increase her income by like 1.5k-7k so she could pay off the immediate debts/get the licence and move to a better paying job.
I've also watched many eps with sick kids/individuals with serious medical issues and his response is ALWAYS : pause the baby steps, focus on surviving - and then when the storm passes (which it *will* - he always says) then continue on your journey.
Example - watch?v=5_dsjWpzKI0
Or when people go through major traumas (divorce, death of a loved one, etc) he tells them to keep on the steps but NOT make any large financial decisions. Wait until they heal.
Example - watch?v=v6dQgM7Q9oU
The advice he gives is a one size fits all - yes. But it's a one-size-fits-all that WORKS for the vast majority of people, and a one-size-fits-all that a large portion of the rest can GET to with even more hard work.
The statement that anybody can do it is absolutely true. Don't let anyone tell you that it's impossible, because some of the greatest achievements were made by people who were told they would never make it. However, it is also true that some people have a greater chance of success than others.
She's wrong. I made money on a modest income. In fact you should listen to people who have money . And I bet you she's invested in a 401k. Here are the facts folks. It's not what you make, it's what you spend. All of my adult life I've made a modest income. But, I invested in a 401k many years ago. The last year it was worth over 12 million dollars. And my other coworkers didn't invest at all. They did overpay for a house, purchased cars and sold them every few years. And today they have nothing to show for it . Dave Ramsey , Clark Howard and others do a great service helping people . Listen to the show and spend some time learning about how to invest. That's all. My advice ? Invest in a 401k. Purchase a new car and keep it for at least 10 years. Stop making excuses folks and man up.
You are exactly right. I was $18,000 in credit card debt alone from living beyond my means (with a mortgage and car payments to boot). I stumbled upon Dave Ramsey on my car radio. I did everything he taught (without buying any of his products).
Picked up an extra job.
Did his baby steps:
1. Got an emergency fund of $1000
2. Paid off all my credit card debts smallest to largest (debt snowball)
3. Saved up 3 to 6 months expenses in savings (after cc debt was paid off)
4. Investing 15% of household income in IRA
5. Paid off house
6. Now building wealth and giving
7. This isn't a step, but since I got the house paid off I started up my own business and am making more than I can imagine. I'm 53 years old and am having a blast.
I didn't save for my sons college (because it was too late) but taught him Dave's principles. He has saved so far $35,000 working at....drum roll please....Walmart. He lives at home and is 22 years old. Could there be a principle here for our kids?
My families legacy has changed because of the great advice from Dave Ramsey!! I'm so glad I stumbled onto him.
Choices have to be made...Either play the victim mentality or man up, woman up!! Everyone's responsible for the choices they make. Start today. Don't listen to this woman. She wants to keep you in chains (she just doesn't realize it)
There is a bible passage....the borrower is slave to the lender
Let that sink in. It's so true
TELEVISIONARCHIVES, Just remember one thing. Even if you buy a house that loses equity because the bubble bursts, it will go back up pretty fast. And you need a place to live. And it will be paid off in 30 yrs. or 15yrs. depending on your mortgage. Rents will keep going up. Your house will be paid for soon enough. I'm not saying buy a mansion or even a mcmansion but a nice modest house. As far as a car, why not buy one 1 year or two yrs old because once you drive a new car off the lot, it decreases about $10,000. Everything else you said, I agree with. Good advice!
I used to take my grandchildren to the $1.00 store. I would give them $5.00 and let them shop. They would have to make choices and look in their baskets and count how many items they had. If they had too many they had to decide what to put back. It was a good experience for them.
This is smart. Choice and decision making are important skills
I wish she would’ve blown her nose before this interview.
some people have sinus issues that nose blowing wont fix. maybe just listen to what she is saying rather than being shallow and hateful eh?
This is misleading. There are a number of current studies indicating a large percentage of the population has barely any savings. The answer isn't "stagnant salary and education costs." If that were true what's the cause of the other percentage that has saved? Hint: it's not because they're all millionaires or inherited money. Do most people and couples and families create financial budgets and goals and review ever 3-6 months if they're on track? College bills? Do most students understand the value of any given degree and if the cost can even be recouped in the career their studying for?
But don't worry, just buy that lady's book 😉
RECAP: She started by criticizing Dave Ramsey ,Suzi Orman, Tony Robbins types ,then validated everything they preach, then accused them of selling financial advice, then echoed the same Principles the above mentioned espouse, with a twist of “oh it’s not your fault”, then said buy my book!
🤣🤣🤣🤣 save me from the contradictions Lawd!
gh1Mikie 😂😂😂
I do agree with her that not everyone can make it and there are some systemic problems but doesn-t make Dave-s advise useless.
Suze Orman is one very BIG reason why I am debt free, own my brand new home outright, and have plenty of money in the bank, Thank you Suze, your advice is gold ! This woman, in this video, is just flapping her gums
agreed. i have followed dave ramsey for years. i have been completely debt free for over 10 years.
Excellent points. Not sure how Suze fits in. She doesn't say it's your fault.
If it wasnt for Dave Ramsey, I would still be in debt and not able to save for retirement like I am. Suze Orman's advice isn't worth a dime. Everytime I listen to her, I feel poorer. But thanks to Dave, I'm better off financially and will have a good retirement.
This gal sounds like she's saying "You're a victim, it's not your fault, and there is nothing you can do to help yourself." No thanks sweetheart. You can be a turkey. But I'm an eagle.
She's right about the shadiness of some of the gurus' endorsed products and services. But once you vote for Bernie, what exactly are you supposed to do? Unless you're going to move to Scandanavia or travel back in time to the hey-day of postwar prosperity, there's no positive action to take. Ramsey and Orman give you something to do. Instead of feeling like you were born in the wrong place at the wrong time, you stop going out to eat, drive an old car, pay more attention to other opportunities in your career, get a second job, skip the craft brew, entertain at home, small/out-of-the-way apartment or house while saving. Ramsey in particular talks a lot about not attaching "I deserve" to financial decisions; not keeping up with the Jones's. That's why he's so popular despite saying the same thing on his radio show every day --- people who follow his advice constantly feel like they ought to be maintaining a lifestyle that would cause them to live paycheck to paycheck. Trading down in house, car, vacation, technology feels like moving backwards and puts you out of step with your peers. But for most people, it frees up money and they can get out of debt, not have to rely on credit cards and build up a bit of savings.
+Will Dendis I do agree with that
You want uncommon result by being common. Stop whinning and start saving.
What? We can't control health care costs? If we at REAL food, health care costs would drop like a rock, along with diabetes, heart disease, high blood pressure, etc.
Yes, I get it....there are always people who will have circumstances beyond their control happen to them. But 80% of people have the ability to take at least some control over their financial lives, but they aren't doing it.
She is right about financial education, though. The research does show that financial literacy doesn't change behavior. That's because financial problems are symptoms of deeper personal problems.
"some control"
You can have a job that pays for good insurance entirely, but there is still out of pocket costs.
You can only cut down a food budget so far before it negatively effects your health.
You only have so much time to rest and exercise while working a full time job. If you don't do either enough, it negatively effects your health.
None of that matters if you get cancer. Cancer has no cure or single direct known cause that can be avoided. There are treatments, but they are excruciatingly expensive WITH insurance.
She is selling a book, how is that different? I just hear her criticism. Suze doesn’t shame people. I took Suze’s advice, didn’t buy anything of hers and it has assisted me in paying a mortgage off 6 yrs early. That was over a decade ago. I still listen to her free advice.
So this author is calling out the financial service industry. But isn't she part of the problem by selling and marketing her book? She seems like a lovely lady, and I maybe an observer here. But I feel if you want advice with money, it should be for free.
she did just give it to you for free. it's the word "fiduciary". anytime someone gives you financial advice, ask them if they're a "fiduciary" which means they have to represent your interests, not theirs. unfortunately, this protection was removed when Dodd-frank was cancelled by the current administration, however, still worth the ask. also, remember, no one gets a "free lunch". everyone is vulnerable to bias and how someone gets paid for their services goes into that. you as the consumer may not pay directly for their service but others may pay them to have access to influence you (think of free cell phone apps who sell ads or offer discounts to participating vendors like groupon). its just a basic fact of behavorial economics
All you need to know about money is Save your money and by real estate THE END
Ok costs of living are sky rocketing, but you do have a choice to adjust to it or not. Its not fair, but its what it is, and for people with tons of unecessary credit card debt...yeah it kind of is their fault. The problem isnt that people are ashamed of it all they're just humiliated and want to avoid what is really going on with their finances. Our society is obsessed with wealth and making it but some have better odds than others. Plus most dont realize the amount of work along with keen social ability it takes to get to the stop, life is a game and you have to play it well. Simplicity is the best thing, the less you have, the less there is to fret about, dont over compicate your life just stick to the essentials and go for your goals with out gratification. Poverty is such an experience...and now that my family is out of it I look back and it really gave me a lot of lessons on a lean life, you learn to make the stress and tragedy part of your story and motivation and really appreciate the simple parts of life.
Well, that was a worthless interview..sounds like she doesn't want to take responsibility for her finances. Lets see...pay off the credit card debt, save for an emergency fund, save for retirement, payoff your mortgage, live below your means...sounds good to me. I'll listen to Suze Orman anyday before I listen to this opportunist.
Isn't she also selling "these umbrellas"? The difference is that hers is full of holes. She's an opportunist who tries to take advantage of other people's good advice. If a book doesn't add value to my life, why would I read it? Thankfully I found these videos before I started reading. There's not much to argue against good teachings like: getting out of debt, staying out of debt, don't spending money on stupid things, investing. These are all basic personal finance principles that many people don't do.
The rent is too damn high. Periodt
Actually not, they give a lot of useful advice. Also, they don't make you buy their products, that only if you choose to.Also, you can't get a lot of their stuff for free! As consumers we just have to know how to educate ourselves, its business for them also. They have to make a buck too. Look at you, I don't see you giving your book away for free.
She is so right, many of these people offer advice with the mindset that we all earn more than minimum wage and all expenses have not gone up. Its just a disservice and mental dissonance to the reality of everyday life.
The keys to wealth are simple.
1. Maximize income
2. Live as far below your means as possible.
3. Invest the rest regularly.
You don't need Suze, Dave and other experts to know that.
Actually, most rich people in America were born into wealth. That's the trick to wealth.
I think this women the type that points the finger and you have to find that middle ground within everything.
So if I'm understanding what you wrote, we have to find this woman's middle finger 🤭
There is validity to the concept living within your means...discounting that point does not help. This is a interview that might be called "Yes but..." Suggest an alternative to people [which offers a savings] and there are many who will not consider the option...their response would be "yes but....."
Universal health care (like every other 1st world nation) & free college (again, like most other 1st world nations) would go a long way to solving the financial crush we’re feeling now
If they raise your taxes to pay for college it is not free.
She just uses general terms. She presents no proof that Suze Ormans advice is wrong. Suze has helped plenty of people Including me. :)
+Carol Cain that is the thing, she never said her advice is "wrong", she just says it isn't saving your finaces. I don't agree with the author, but her point simply seems to be that some high costs cannot be avoided by everyone, and that that is not their fault. Maybe she went through some stuff and felt like she needed to defend herself..? Anyway, I won't be buying her book.
exactly
+Kees some high cost can be avoided, people just so Bain washed by marketing and advertising.... so the marketing class at Harvard is not better than the one at the local community college... people would think it is because of the prestige.
keyron Campbell
ofcourse there are lots of pp who love to be in the victims role and probably they wildly agree on everything this woman is saying and using it as an excuse for themselves. I understand your point.
I agree. I seriously question CBS choice to title this video 'Suze Ormans advice won't save your finances'. Bad form.
It DOES boil down to personal choices, not blaming that your salary went down 20%. That's like a company saying that their expenses aren't too high, they just need a bigger top-line. I agree if you have a horrible medical expense that may boil down to bad luck. But if someone choses to have kids, because it's "everyones right", those little buggers are going to run 250k a piece to raise to 18.
Seriously, and then they want everyone to help them with their problems. I'm child free and able to enjoy more of life's luxuries
How hypocritical is this woman? She's on TV peddling her own personal finance book, all while telling us that other "money gurus" are just preying on us. Pot calling the kettle black!?
Her entire point, your financial situation is not your fault. Which obviously is wrong.
Listen a little harder next time
@@priceandpride… sorry life is hard. I will take Dave Ramsey's message of hope and success over this lady's message any day. Talking about the average person, people CHOOSE to waste way too much of their income and then complain about being broke. Deny it all you want, but it's true.
It's about what you can control. Most of us cant control our income but you can control expenses to an extent. Maybe you live in a high rent area which is beyond your control but the idea that your helpless on low incomes is rubbish. If you spent £3 a day on lunch when you could bring from home that's like a £1000 raise! Sure earning more money would be great but people who call in for Dave etc could probably double their income and still spend everything they make. Some of us have an income problem, others a spending problem
Lots of people think that a 15-year mortgage has payments twice as much as a 30-year mortgage. This ignores the quicker reduction in principal from higher payments, which are about 50% more than a 30-year mortgage, ignoring escrows for property tax or homeowner's insurance..
I can change my habits a lot quicker than I can change the world's financial system. Suze is my favorite source of financial info but that doesn't mean I have to subscribe to every word
Your first sentence has more advice than this entire interview
I see so many elderly people shunned by their Family and die from a broken HEART
she says a word that makes all money people cringe Fiduciary what that means is that they are bound bylaw to have your best interest in all their money dealings where you are concerned funny but don't you think that should be the case in the first place?
I understand what she's saying. But a lot of what she is talking about are special circumstances. Even Suze Orman and some of the people she's talking about have said there are certain special circumstances. Yes, things happen outside out control, but every time happens outside my control there are still things I could have done to reduce the affects. I agree that there does not need to be an organized structure helping kids learn about financials, but what parents teach and show does make somewhat of a difference. Did she say people shouldn't not live in a certain neighborhood because the houses are too expensive? That's not a financial advisor's help. That's the fault of the people who believe in separating access based on income levels.
Funny, she is a victim sympathiser but feels empowered now that she's studied these financial personalities and systems. Everyone is responsible for what they do with the money they earn. As Dave Ramsey would say - just because you live in a place with high real estate prices doesn't give you a pass on math. If your house payment is more than 25% of your take home pay you will be house poor. That's not the economy's fault it is your fault for buying a house that is too expensive for you. If a college is going to put you deep in debt, it is too expensive for you.
Helaine didn't say anything that is at all useful. What's her point?
Suze Orman gives advice that doesn't help the financial services industry such as don't buy variable or universal life insurance. Furthermore, Orman has said repeatedly that if you're going to see a financial planner or advisor, choose one that doesn't sell products. I'm a finance major and she's never said anything that contradicts what I've learned in my courses. Meanwhile, this woman didn't mention one piece of advice from Orman that was bad advice.
You spoke that words that I was thinking!
Her point was that financial gurus like Orman can give good advice, but it should be taken with a grain of salt. Ultimately, Orman is trying to run a business - that ranks higher to her than your financial needs.
Helaine is saying do your research, get several opinions, and more importantly, while there are things all of us could do to manage our money better, we also work in an economy that has stagnant wages and low potential upward mobility. So you shouldn’t shame and beat yourself down about being in debt. It’s not productive and some of these factors are out of your control.
So, which is it: Orman never said that a debit card builds credit, or did your courses teach you that a debit card does build credit? Both are wrong. Unless you have listened to everything Orman has said, you can't say "never".
But Suze scammed people with that Approved Card. She also misguided people with her real estate and gold market outlook
So, It's not the finance industry, it's the schools? And when did Build a Bear enter the finance industry? I give few seminars on budgeting and investing, and I don't charge. I rarely disagree with Ramsey or Orman when I catch their programs. Best thing you can do is spreadsheet your finances and set goals, it will make you question everything you spend money on if your trying to make that Net Worth number go up every month.
When Dave Ramsey said you can decide to not participate in a recession, he was talking about attitude or mindset. Olen took a figurative statement as it were intended literally.
Of course the deck is loaded - in favor of the haves. What is the solution though? Living within means is a choice for some people for some time at least. To me that is as much of a solution you have in your control. While it is true that financial mobility, equal opportunity and American dream is not there for many many folks, just blaming the system is generally not the best choice if you are looking to be financially better off.
Click bait title. She barely goes after Orman. I don't think she's that familiar with Dave Ramsey either.
Dave Ramsey is one of the the biggest crooks. Good for is Helaine to point this out.
ha! it's easy to tear down but what does this hater really have to offer?
You don't need to read 100 pages of fine print to understand how mortgages work.
She's trying to sell her own "umbrella" and trying to be a guru herself - hypocritical. Suze Orman gives great advice, what is this woman talking about?!
College is a great idea AFTER you got your own slice of land to live off of. It don't have to be high dollar land it just has to be yours. My plan for my girl is to get her a place so she never has to experience homelessness as I have. I had to deal with it from 15 on&off. Last time I was homeless I was 30 I am 44 now debt free. We don't have a huge place but it is all ours for now we are winning but there is no guarantee. Days of hunter gathers are gone pop density way too high for that.
FRUGAL PRIUS-RV Great share! Thank you! Best of everything to you & your family!!!
GD1 they did not have food stamps the farmers would throw food away rather than sell it at a loss. They literally would throw it away knowing millions were in the cities starving. There were so many starving people the game nearly ran out. If we had same situation today there would be no game left no fish. We need to get started on growing our own food every home should have an aquaponic system growing fish and veggies. We are in GD2 they want our guns they want a WW3 they think it will help.
I enjoyed this video!
I think there must be a balance. There are things the individual can do and control. However, there are things that are systematic. For example, does Suze and Dave talk about saving money in a fiat economy? Do they talk about radically increasing income along with budgeting? Having multiple streams of income?Or how does inflation impact your money?
Ultimately, we must empower ourselves with the proper information and not use information that is obsolete. What may be true in the past may be a lie now.
She had many valid points. Suze told lower class they should have 6 month savings!!!!!! How?
You have to have personal responsibility. You need to take what makes sense from what Suze Orman says, you need to take a piece of what Dave Ramsey says, etc... and come up with your own common sense conclusions on how to live your life. They don't give BAD advice, but there's more than one way to get from A-Z. And you do NOT need to buy ANYTHING. There's plenty of free information out there.
This woman is giving her financial advice in a book just like Suze. The only difference is Suze is just better at it than she is! Tony, Suze, and many popular financial gurus give the same advice they just don’t talk down on anyone in the process.
Suze Orman and Dave Ramsey helped me manage my finances. And I bet a lot more people has also learned a lot from them. So... yeah. Keep talking.
Was that before or after you lost your money, when her "card" failed? ;)
Well I see people buying new cars they simply can't afford, a college degree that won't help them, then they pick up whatever job they can get.. and then wonder why they're broke. It's kinda funny if you think about it. How did we ever make it for thousands of years?!
Stop this nonsense. Most people are in debt because they are trying to keep up with the Jones’, not because they have exorbitant health care costs. (I am NOT saying that health care isn’t ridiculously expensive because it is). If you are being HONEST, people buy cars out of their budget, eat at restaurants 7 days a week, and take vacations they can’t afford. You are making debtors seem like victims when most aren’t. They are there because of bad choices. And to lump Susie & Dave together shows that you either have no idea what you are talking about or are simply trying to push your agenda. People need more accountability for their actions, not less.
Did she just say "Its hard to live within your means, when you only get $300 unemployment a week"?!!!!! What planet are you from woman? I work as a teacher aide in special education and I make $550 every two weeks (on hand). So I am very sorry but I don't feel bad for people who get more money then me by sitting home!!! I only watched about 1 minute of this interview and my blood is already boiling. I probably shouldn't watch it to the end.
I also watched about a minute of this video. She's crazy. Only wants to sell her book.
Ok, so you make $550 every two weeks. I am going to ask you then why you looking for investment advice. How much do you save per year, within your poverty income bracket, to invest?
First of all that's how much my job pays, not what my total income is. One more thing; you don't need to make lots of money to learn new things. Just becasuse I'm not rich doesn't mean I will never be rich!!! And It Also Doesn't mean I can't learn about saving money. But it definitely means that you are unhappy, bitter and ignorant. Thank you for your input.
I think you are over paid. Teachers aid? LOL what a joke,
Sounds like some pseudo-intellectual that like to hear the sound of her own voice. Orman, Ramsey, etc offer enough free information that you really don't need to buy any products . She spent 10 minutes trying to convince people that EVERYONE ELSE IS WRONG EXCEPT HER and has not offered a single piece of useful advice while trying to advertise her own book.
Divorce is a major contributor to the problem
She sounds crazy! Her answer was it's just a problem that can't be solved.????
Orman et al. are trying to tell you how to play the game. Olen wants to change the rules of the game. That calls for political action, not personal finance advice.
You don't hire a realtor to change the market; you hire a realtor to get you the best deal in the current market. If you don't like the way this country is run, get out and vote. Don't blame financial advisors for economic realities that they have no control over.
I saw the talk about the 2 income trap; it was good.
Suze Orman gives great advice. Thanx to reading her books years ago, I was able to retire early, have two homes (one vacation) paid off, two cars paid off, 8 month emergency fund (good in times of Covid). Spend less than you make, yes indeed, that's the key.
I'm glad someone is critizing these bullshitters like Orman and Ramsey.
Nope, it's not your fault, it's the fault of the world around you. What she is saying, "be passive."
This video just seems like a promotional video for her book. Word of advice, save yourself some money and don't buy her book.
I haven't heard a single word of actual advice from Ms. Olen during this interview. There wasn't a single piece of wisdom that came out of her mouth that I would feel good about implementing. Her only "vector" is bashing on others. That is not a constructive way to help other people, it is inherently destructive and will only discourage others from making necessary changes in their behavior. I'm also a little surprised at Ms. Schlesinger for being a part of this video. In the future I plan on avoiding both of them, meaning any future videos, radio programs and/or publications. I suppose the short video was a good investment in that I know better than to spend any more time with either of these "experts".
I used some of Suze Orman advice about insurance and it saved me $1000 a year. Also my grandma listened to some advice she gave on Reverse Mortgages and kept her house. Literally!!!!!! I do believe everything isn't for everybody. Maybe this lady is throwing shade because she is not famous...Who knows. Suze Orman's advice is just what it is..... This lady saying that children are creatures of habit is wrong because life always changes. If you have the money, respect it. If you don't, figure out a decent plan to get out of debt and create a residual path to either wealth or living comfortable.
Lashele Carter How did Suze Ormans advice save you $1,000/year on insurance?
Lashele Carter That $1,000 you saved is great. But when you get laid off as a result of a recession, it won't keep your head above water for more than two weeks. That is her point. You've got a parasol to protect you against the great flood.
I bet this woman thinks obesity isn't the obese person's fault either. Gimme a break.