Suze Orman is a financial advising expert and has been on numerous radio and television shows over the past 10 years. She has her own TV show "The Suze Orman Show" (Shown on CNBC), and has also written several best selling books including "Women & Money" and "The Money Book for the Young, Fabulous, and Broke". Orman appeared on the Oprah Winfrey show just this last year and has also appeared as a guest on numerous other television shows. Suze Orman's reach to her viewers has been so large over the past decade that People Magazine recently named here one of the worlds most influential individuals. Despite all of this I am not a Suze Orman fan and do not recommend her as a financial advisor.
Many conservatives do not like Suze Orman because she is a lesbian but I see this as insignificant and it has no bearing on my opinion of her. Suze Orman's personal life has nothing to do with her financial advising skills and should not effect your decision about using her or not. The reason that I do not like Suze Orman is because I do not believe that her plan for achieving financial freedom is as nearly results oriented as many other plans out there.
For most Americans the area of personal finances is a very complex subject that needs to be broken down for us. We need a concrete step by step plan from our advisors that will help us to meet our financial goals. Unfortunately Suze Orman does not give us a step by step plan but rather self-help information about money.
Suze Orman's advice can be beneficial to some but it just doesn't include enough concrete steps for how to handle personal finances. Suze's basic advice is just like all others: cut expenses, pay debts down, save for retirement, etc... The problem with Suze Orman is that most of her other steps are only about changing the way we think about money and using our money to make us happy. Orman has also be criticized for being to basic and generic with here advice. Personal Finances is a very complex subject and people need real answers to solve their real problems rather than having Suze tell them to look for the spare change in their closets and couches.
In Suze's books she emphasizes the importance of investing in the stock market but then Suze does not even follow her own advice. Suze has less than 5% of her assets in the stock market. There is just something about seeing an advisor not follow their own advice that rubs me and a lot of people the wrong way. Instead of following her own advice Orman investments nearly all of her money like a prehistoric grandmother without any heirs to here money. She puts it in 100% guaranteed very low yielding bonds. This alone is completely against what she suggest to her readers.
Despite all of this Suze Orman does give out fairly sound financial advice. I am simply here to tell you that I would suggest many other advisors over her any day of the week. Suze Orman would be better than not having any financial advisor but she would certainly not be your best bet.
Jesse Chettle is a self-made Personal Financial Advising expert who specializes in giving out free Personal Financial Advice over the internet. You can visit his Financial Advising blog to learn more about The Suze Orman Show .
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