Suze Orman, Revealed, Frightens
Get to know the woman behind the patterened jackets: NYTM had an incisive profile of personal finance guru Suze Orman last weekend. At one point, she eats six hot dogs in a row. [NYTM] (Photo: pynchonoid)
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What I took from this article was simply that Suze Orman is a human being with contradictions...that she can't always follow her own advice, that she doesn't always make the best decisions, and she (like all of us) get angry at stupid people who can't seem to make any good decisions in life.
My favorite part of the article was the account of her appearance on Oprah in which she lost her marbles on a couple who were living off 29 credit cards, had been laid off, didn't have health insurance, and were under water on their home. She went off on them, and it was harsh, but sometimes people need to be harsh to get the message through the thickest of skulls.
I do take offense, however, to her views of college professors, who she say are so underpaid they can't have any self-worth...some of the best professors I've ever had the privilege to learn from are indeed underpaid - but they're some of the foremost leaders in their field, and they chose my university because they believed in the educational atmosphere, not because of the money. My interpretation of this is that since money is her bread and butter, Suze Orman is afraid to admit that happiness can truly be achieved without money.
Wow, that article really is scary. That is a woman that is completely, totally, 100% obsessed with money. If I was a teacher, I most certainly would be hopping mad about that insult to my profession. (I wonder if it is any coincidence that Mr. Rich/Poor Dad also has a similar contempt for teachers.)
And she seems to have an "ends justifies the means" attitude to getting people to take her advice. See the anecdote from the book at the end about what a lucky, financially comfortable guy her father was at the end of his life vs. the different story given to the reporter that he threw his life away (? actually, that part is a bit unclear) and didn't know how his wife was going to be cared for.
@DanR2: Well, now "hot" has been added to the post on the main page. I enjoyed the previous ambiguity.
"Though she is larger than life and wealthy, her primary message is not about larger-than-life ambition or a sky-high entrepreneurial spirit. Orman's advice rarely sounds like "Go West, young man." It sounds more like, "Everyone should have a liquid eight-month emergency fund.""
I like that quote. I heart Suze Orman.
@pecan 3.14159265: The smallish state university I went to had a pretty good business school known for it's logistics dept. The profs there (that weren't adjuncts) were paid around the 75-140K range, depending on tenure. Not too shabby for Northeast Florida. I found this info in researching the school for a project as it is all public record as a state entity. When you consider a starting public school teacher in the same county as this college is 29,500 *sigh*...
@pecan 3.14159265: Yeah, I don't understand her beef with teachers. The article even pointed out multiple times where she helped out people for free just for the sole purpose of helping them. If that is true, I would think she would be able to relate to teachers who obviously aren't in it for the money (except for my driver's ed teacher. that oaf who couldn't even drive himself because of DUIs made over $100,000, but that's a different rant).
I found the story about her father rushing in to a fire to retrieve the cash register a little bit disturbing. The whole piece seems to paint a picture that Ms. Orman is prone to mania and has an ends-justify-means approach to her public image. After all, if I tell a story about my father's satisfaction in death and it uplifts people, what does it matter that he killed himself?
She, like many Americans, is uncomfortable with her money obsession. Her coping mechanism is to bloviate at length about the perils of debt and knock down obvious targets like families with 29 credit cards. Her brand of advice and "spiritual healing" is a valueless cocktail of basic, common facts and showmanship. I worry about a nation that views Ms. Orman as an expert in anything more complex than self-recriminating, contradictory nonadvice.
After all, the important thing with debt is never the mechanics - it's why we choose to take it on, time and again, despite the obviousness of the consequences. It seems Ms. Orman has little insight beyond petty aphorism.
@pecan 3.14159265: I'm a prof, and thank you very much for your thoughtful defense of the profession.
And, frankly, *lack* of self-worth has never seemed to be a problem with most of the other profs that I know!
Bottom line is that she people to take a proactive learned approach to managing their finances. And frankly if you have 29 credit cards and your house is in foreclosure, then you should be obsessed with money and your finances. That should be all you think and dream about 24 hours a day until you get solvent.
Wow - thats a bit of a strong statement. My mother-in-law is a prof. While it is true that she is not getting rich, she has a tenure secured job, a pension, good benefits, and works about 6 hrs a day, nine months out of they year. Her pay checks may not be huge, but if you look at it hourly she makes a great return on her effort. I would not classify this as a bad job at all...
@1234tu: I see a lot of dichotomy in Suze Orman's words..she acknowledges that professors are underpaid, which would indicate that she believes they should be paid more - but then she says because they are underpaid, they have no self-worth...
She equates self-worth with money. Plain and simple. It's very sad when you get down to it, because self-worth is about fulfillment and value found in activity and family - whether it's volunteering or a paid job. I think Suze Orman has missed that point entirely.
@mac-phisto: Her books are good for telling you exactly what to do. Her chapters are basically Step 1, Step 2. And if you know nothing about personal finance (which is probably why you are reading Suze to being with) those steps are perfect for you.
@pecan 3.14159265: I don't always agree with what you have to say, but I appreciate the heck out of this. As someone that has another 6 years (at least) of grad school and tens of thousands to come in loans my desire to go into teaching is often questioned. The reward is in the passion, knowledge and inspiration that you are passing on to future generations. If I could, I would do it for free.
@TinkishDelight: My mother in law is a teacher, and some of the people who have had the most influence in my life are professors, people who are lifelong learners, and have imparted endless wisdom and patience.
I want to be a college-level teacher myself eventually, and I applaud you for being in grad school. I, too, will need to take on tens of thousands of loans, but I feel like the world needs more teachers.
I've met some truly brilliant people in my life, and not just in intelligence...these are the most caring people I've ever met, people who would come and drive to you campus in the morning if your car broke down and had no way of getting to school, people who would slip you $10 if you were having financial problems and just needed to get through the day, people who would invite you to have dinner at their home because you couldn't afford a meal, things like that. That's the inspiration that counts, and it's just sad that people see it as unfulfilled goals or unworthy of time.
The F Word is good, but I hate Hell's Kitchen and the American version of Restaurant Nightmares.
Six years of grad school? How about trying out a little teaching first for a year or two and see where passion lies? If still there, continue on.
@akronharry: I'm presuming TinkishDelight wants to teach on a college level. You can't really teach on a college level without a masters degree...at least you can't sustain teaching without one. Some colleges will start young teachers with only a bachelor's, but only do it because the teachers are already enrolled in a master's program or have the intention of doing so.
@calquist: well, i know quite a bit about personal finance, which is why i found them lacking in substance. i guess i'm just not her target audience - i tried her out b/c she's one of the few gurus that targets younger folks. i was especially intrigued by her recognition that debt isn't inherently bad - most advisors are all OMG DEBT *GASP!* which i've always felt was very condescending &/or hypocritical.
Why all the derision for Suze Orman? I haven't read the whole NYTM profile ('cause I'm a self-loathing grad student with no time) but as I see it she's basically doing the same thing as Consumerist does, just with a different spin and for a different audience: she's trying to encourage people to be informed and smart about the financial decisions they make. She's dramatic, sure, but she's also hella funny imho.
And as for the self-worth of college professors, she's saying she wouldn't want them to be the ones to teach personal finance, and as a soon-to-be humanities PhD who'll be lucky to earn 50K per year, I wouldn't want to learn from me, either! I'll stick to teaching about class privilege through literature and leave the nitty gritty to Consumerist and Suze Orman.
Why all the derision for Suze Orman? As I see it she's basically doing the same thing as Consumerist does, just with a different spin and for a different audience: she's trying to encourage people to be informed and smart about the financial decisions they make. She's dramatic, sure, but she's also quite funny imho. And as for the self-worth of college professors, she's saying she wouldn't want them to be the ones to teach personal finance, and as a soon-to-be humanities PhD who'll be lucky to earn 50K per year when I start, I wouldn't want to learn from me, either! I'll stick to teaching about class privilege through literature and leave the nitty gritty to Consumerist, Suze Orman, and business professors rather than teachers of any sort.
she seems to have an "ends justifies the means" attitude to getting people to take her advice. See the anecdote from the book at the end about what a lucky, financially comfortable guy her father was at the end of his life vs. the different story given to the reporter that he threw his life away (? actually, that part is a bit unclear) and didn't know how his wife was going to be cared for.i just found this amazing website, it has all kind of businesses from a cleaning companies to estate agents to banks, all I have to do is just type in the business type, and the location and it gives me all the results in that particular area, this website has a huge database of all sorts of businesses, I just joined a driving school which I found on this website. I would recommend this site to all the people out there.











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