suzie orman says.....

She also said previously that the stock market would be strong in 2008-2009, given the Presidential election.

Her advice is most appropriate for women in their 40s who don't know whether it's a better financial decision to buy a Louis Vuitton handbag or put the equivalent money in the bank.

Her typical follower is trying to figure out why their credit card payments keep going up even though they make the minimum payment every month on a $15,000 balance at 28% interest.

I didn't realize she had such a bad reputation.

She doesn't have a bad reputation. She is a smart woman. But her audience is generally not terribly sophisticated when it comes to finances. For most people, buying real estate today is not the best move, and I think that is what she is saying.

She is better than Cramer

She is an idiot. I agree with MSN, if you are so financially clueless that you spend every dime, run up your credit cards and haven't asked your husband to see a tax return in 15 years - then she is a great resource for you. However, if you have any basic understanding of personal finance, you are light years ahead of her.

She also, btw, pimps out credit scores nonstop. Does the average person really need to know their credit score? Dunno ... but she is in bed with one of the major credit agencies so she actually PROFITS her own advice to financially clueless women. Which is bullshit in my opinion.

shhhhhhhhhhh!.... Don't tell everyone, but Sue's where I get all my economic theories..... shhhhhhhhhhhh!

I think she is a good public speaker, but we have learned over the years that her financial knowledge is quite "pedestrian." It makes me nervous when she oversimplifies complex issues (e.g., X is always a better choice than Y) because people actually believe her!

i hate to say it, as i love her in an ass clown kind of way, but she was preaching not to wait for a bottom in real estate and buy now if you wanted to..this was about a year ago. i lover her on wallstrip.

inthehouse, what do you mean 'she's in bed with one of the major credit agencies'?

I find Suze's advice good, but she does exaggerate, it's part of her delivery. She's appealing to a broad audience, not sophisticated Wall St folk w MBA's.

That said, at this stage of the game it's no stretch that Manhattan will take a dip. Had Suze said this a year ago it would have been odd.

"It makes me nervous when she oversimplifies complex issues (e.g., X is always a better choice than Y) because people actually believe her!"

Morons that bought boats and Hummer's with their home equity loans are the target. I would hope that financially sophisticated folks would find her boring, but there are certainly enough fiscally moronic people in this country to make her rich.

uptowngal, to differentiate the two classes you speak of would be splitting hairs...soccer moms > MBA's, single parents included...CPA's who actually practice on the other hand...

inthehouse is right.

She's been busted with conflict of interest allegations: telling people in infomercials that they need to always stay on-top of their FICO scores without disclosing her business interest/arrangement with FICO. She got slapped by some agency/group can't recall who. She's a charlitan who dupes lonely, oprah-addicted housewives out of some $ while satisfying their childish urge to feel that they have a "relationship" with her...

but she sure knows how to wear a leather jacket! mmm, mmm.

actually, i have read that most of her money is not in the types of investment vehicles that she recommends to people.
of course, she has much more money than the people she is advising. she talks about a lot of the basic tenets that any
advisor would give but it is usually her style that irks people.

Kristin Wigg's impression of her is AWESOME. Enjoy:
http://www.hulu.com/watch/19681/saturday-night-live-suze-orman

I think she's popular is because women never had any financial person that speaks directly to them. She really wants women to become more aware. She's probably speaking to married women who rely on their husbands to make all financial decisions. My sister is an accomplised lawyer and yet recently she said her husband lost a lot of money in the market and I asked what she thought about it and she said "I don't get involved in our finances"

how bout her cute sidekick rick...i love the LGBT tension when she asks him of his weekend and he always replies vaguely about his gallivants. he needs his own show.

(I don't know if that video is her best one since I forgot my headphones at work)

w67thstreet, you are her typical demographic audience: clueless housewife(husband) that doesn't even bother knowing what their mortgage payment is. Beginning to get more and more insight into your, ahem, complexities.

Is dinner going to be ready for your wife at 7 tonight?

Orman was born on the South Side of Chicago, Illinois, in 1951 to Russian-Jewish immigrants Ann and Morry Orman.[6][7] Orman came from a working class background and has said that she did not "grow up with money."[6][8] She was an undergraduate at the University of Illinois at Urbana-Champaign, from which she holds a B.A. in social work. In 1973, she moved with friends to Berkeley, California and lived for three months in a van on Hearst Avenue. She soon became a waitress at the Buttercup Bakery on College Avenue. In 1980, a longtime customer gave Orman a loan of $50,000 to help her fulfill her dream of opening her own restaurant. Orman invested the money at Merrill Lynch, but four months later was broke again, after she was swindled by her stockbroker.[9][10]

Knowing that she couldn't make the money back as a waitress, and having started learning more about finances and investing, Orman returned to Merrill Lynch and entered their training program to become an account executive. She discovered through her training that her stockbroker had committed an illegal act and she thus sued Merrill Lynch. Suze received the entire $50,000 back plus interest and was able to pay back her former customer. After she completed the training, she was hired by the firm and remained there until 1983 when she left to take a position as a vice president of investments at Prudential Bache Securities. In 1987, Orman resigned and opened her own financial planning firm, the Suze Orman Financial Group, in Emeryville, California. She acted as director of the firm until 1997, when she stepped down as her writing career took off with the publication of her second book.[9]

I always wonder if these bios are sanitized by the person.

a rib roast with sour cream/horse radish/lemon sauce, side of garlic mash, steamed broccoli. I may do popovers, depending on time. An endive salad with walnuts, blue cheese with a mustard vinegrette dressing. Followed by my killer chocolate souffle. Just your typical Friday nite dinner... it's too bad my daughter doesn't like red meat yet... but the son... he'll eat anything.

oldbuyers, how many dishes does your wife have to do before she's allowed to eat the left-overs from the Hungry Man meal?

If my wife doesn't have my meal at home ready then my girlfriend most definetly better.
I'm working hard today, being a productive member of society.

I guess you would be the (man?) to recommend a good take out restaurant. Why don't you turn off the Lifetime network and go food shopping. You know how your wife gets when she doesn't have her food...

splicing cables doesn't count :)

Calm down... breathe... breathe... your pacemaker might explode... just chill.... don't let the other cable guys see you get crazy... m'okay.... breathe...

on a lighter note, there's like 50 studio open houses you can go to this weekend. have fun... again... breathe... breathe.... LMAO

Oh BTW... saying you have a girlfriend and a wife makes you a total douche bag IMHO. That's not a man, that's totally the total antithesis of why my wife married a "real" man.

Not long ago my husband asked me why I wasn't more upset about the market. When I told him we had gone all cash shortly after the market's peak he was moderately grateful, but not surprised.

Equating employment with masculinity? Oldbuyers, how old are we talking here? Last bought in the 1950s?

oldbuyers.. .like for exit2, I'm at Chelsea Piers spanking balls on warm wednesdays between 7-10, depending on when my laid off/still employed banker friends want to get there... look for either the RR, Porsche CT or 997 T and on an off nite the Honda Odyssey... you gotta see it, but the side doors open by themselves... that's right.. .just ask me to how them to you. It's like totally 21st century...

Now just breathe, breathe, breathe....

w67th - what does your wife's boyfriend think of that statement?
(just kidding - i couldn't resist. not looking to make enemies))

Thxs u aboutready... yeh, me and the misses missed the bubble as we were trying to save for the perfect 5 then six (when the 2nd one came... sort of accident, but don't tell him that :) ) Now all will be right in the world and people like oldbuyer won't be "given" a free pension on hard working people's backs.

sniper you I like... it's just these morons that literally take pains to put two synapses together to try to be witty.. but it just comes out as a total cyber-space put down. I never start anything, especially with the Warden's looking at my posts all day :)

Dylan man, Dylan. Gottoa put the roast in.... and for the love of GOD, oldbuyers.... I make passive income.. .so it was easy to decide that who should be around to double chk to ensure the nannies aren't allowing our kids to eat dirt while they are chatting away to Mexico. It's true I've seen it happen... So call me Mr.Mom... I love being around my kids and having the flexibility or being a vulture when the right time comes.... seriously what's your game in NYC RE oldbuyer?

w67thstreet, who care what you think or who you like or who you don't like.

Let's face it, you don't matter. Your a housewife with nothing but time and frustrations on your hand. Instead of thinking negative thoughts about what a disappointment your life is, why don't you go make a chocolate cake with vanilla frosting for your wife. I'm sure she'll appreciate that, along with the freshly folded laundry. That way you can say you had a productive day.

Your wife just told me that she's going to be late tonight again, but to leave the cake on the counter...she'll definetly have an appetite.

LMAO
@ oldbuyers comments.