Monday, May 19, 2008

Financial Advisor Suze Orman Review & Biography

Recently I have been writing about a financial advisor by the name of Dave Ramsey. I have been explaining Dave Ramsey's financial planning methods for helping people to get out of debt and achieve financial peace / financial freedom. I have gone over a review of The Dave Ramsey Radio Show, his debt snowball debt reduction plan, his 7 Baby Steps to Financial Peace and also talked about Dave Ramsey's Financial Peace University course. Dave Ramsey is an expert financial advisor and I would suggest him to anyone who is looking for a real solution to real personal financial problems.

As we know sometimes people just do not like others and this means there is a pressing need for other expert financial advisors for people who prefer a style that is different than financial advisor Dave Ramsey's.

Today I am going to give you all a review / bio of another financial advisor. This personal finance expert is Suze Orman (See Suze Orman Photo above). Financial advisor Suze Orman is a personal finances expert who has been on numerous radio and television shows over they years. Suze Orman has here own television show called "The Suze Orman Show" (On CNBC), and has written several New York Times best selling books including "Women & Money: Owning the Power to Control Your Destiny" and "The Money Book for the Young Fabulous and Broke". Financial advisor Suze Orman has also appeared on the Oprah Winfrey show where she offered a free book give away. Financial advisor Suze Orman's reach to her audience as a financial advisor has been so vast that she was recently named one of the worlds most influential individuals by People Magazine.

Despite her vast reach I am not a huge fan of her. I think she gives decent financial advising tips but in the end I think finnacial advsior Dave Ramsey is 100 times better.

Financial Advisor Dave Ramsey is a christian who bases his principles on the bible and financial advisor Suze Orman does not have a speficic basis for where her principles come from, they are simply based off of sound principles and smart living. Nothing wrong with that at all, principles based on smart living are just fine. Some people shy away from financial advisor Suze Orman because she is a homosexual / lesbian but I see that as a moot point. What financial advsior Suze Orman does in her personal life has absolutely nothing to do with the financial planning advice she gives out to people. I am simply suggesting that she not be used merely because I do not believe that her plan for achieving financial freedom is nearly as good or easy as financial advisor Dave Ramsey's.

For most Americans the area of personal finances and advising needs to be broken down into very simple and basic steps by a financial advisor / financial planner. This allows people who have little knowledge and little time to take their personal finances one step at a time and see progress as they go.

Financial advisor Suze Orman is a certified financial planner who specializes in give out financial advising / financial planning tips and information to people all over the world. Financial advisor Suze Orman is from American and is a writer, television show host (The Suze Orman Shows) and also owns here own company which is called Suze Orman Financial Group.

Financial advisor Suze Orman gives out financial planning advice that could be beneficial to some but is often not something that can be easily applied to our lives like Dave Ramsey's advice. Financial advisor Suze Orman's basic personal financial advice is just like all others: pay off your debts, cut unnecessary expenses, invest your money for retirement, 401K, IRAs etc... The problem is that financial advisor Suze Orman does not setup as easy of a step by step plan like financial advisor Dave Ramsey does. With that being said I cannot see how I can suggest financial advisor Suze Orman over financial advisor Dave Ramsey when her plan is simply harder to follow.

Financial advisor Suze Orman has also been criticized for giving out very basic financial advice that does not really help people. In today's world the topic of personal finance is very complex and people need real answers for how to solve their problems rather than being told to look for the spare change in their closets or couches.

Another problem with financial adviosr Suze Orman is the fact that she talks about how Americans need to invest their money in the stock market but she has less than 5% of her money in the stock market. Now I don't know about you but I don't want someone who doesn't invest in the stock market telling me that I need to invest my life savings in the stock market. Financial advisor Suze Orman is estimated to have a net worth of over $25 million but has only about $1 million in the stock market. The rest of her money is in Triple-A, 100% safe, extremely low yielding municipal bonds. This means she is taking no risk and also earning very little interest. Financial advisor Suze Orman is investing like she is an prehistoric grandmother who has no heirs to her money. The whole idea of financial advisor Suze Orman not following her own financial planning and advising tips makes me very skeptical and I often wonder if she is out to make money or really help people with their personal finances.

Overall, in the end, financial advisorSuze Orman does gives out sound financial advising tips and information. I am simply here to tell you that I would suggest Dave Ramsey over Suze Orman 100% of the time. Financial advisor Suze Orman can help you with your personal finances so if you have some sort of personal problem with financial advisor Dave Ramsey I would reccomend Suze Orman as a possible replacement.

If you are interested in more information about financial advsior Suze Orman you read about her at the Suze Orman website by visiting her website

Below I have listed financial advisor Suze Orman's 9 Steps to Financial Freedom. In my next post I will go over these in detail and explain which ones make sense and which ones you can safely ignore.

1. Seeing how your past holds the key to your financial future
2. Facing your fears and creating new truths
3. Being honest with yourself
4. Being responsible to those you love
5. Being respectful of yourself and your money
6. Trusting yourself more than you trust others
7. Being open to receive all that you are meant to have
8. Understanding the ebb and flow of the money cycle
9. Recognizing true wealth

Click here to read about the financial advisor Suze Orman's free book give away on oprah.


P.S. If you are interested in getting your own personal financial advisor email me and I will give you a few of the best financial advisor companies.

1 comment:

Anonymous said...

Suze Orman is the only personal Financial Advisor who gives genuinely beneficial advice to both small investors, and to ordinary folks who wish to survive and thrive in the complex financial world that we live in. The honest common sense advice she gives helps the unsophisticated person. It is so different to the standard "Invest and hold"; "mortgage your home and invest"; "the market always recovers" - advice given by those who make money, based on commisions and fees earned on other people's invested money!
My wife and I have paid off our home and cars(as Suze recommends) before retirement. Even on small retirement incomes, we are not afraid to face the future. All these several years, "Financial Experts"(including Greenspan) have recommended that people take equity out of their homes and invest it in the market. We can now see what it has done to those people who followed that advice. It is sad. There is a need for more honest advisors who are brave enough to tell the truth.