Celebrity Advice For Personal Finance

Are you moving toward financial security or are youadmitted, "I, Suze Orman, took money out of my
depressed about your current financial situation?401(k) to pay for that pricey Cartier watch. And
Suze Orman has a television show that offers youwhen I ran through all my money, I started using the
personal finance advice. People are invited to call inbank's. I eventually had more than $60,000 in credit
and ask her the proverbial question, "Can I afford tocard debt." So she has been in trouble financially and
buy this item?"knows what kind of misery it brings.
Some things that people want to buy seem to makeDave Ramsey, popular author, radio show host and
perfect sense. Some requests are just outrageous topersonal finance advisor had a similar brush with
Suze. She's definitely on the conservative side ofdisaster. By the time he was 26 years old, he had a
spending. You need to have a gazillion dollars savednet worth of $1 million dollars. That sounds wonderful,
to be able to afford to purchase an item under tendoesn't it? However, he ran into some problems with
thousand dollars.borrowing money. Soon, one of his creditors
Powerful, forceful, decisive and intimidating, Suze willdemanded that he pay his short-term notes totaling
tell you the good or bad news about whether you$1.2 million. On top of that he had only 90 days to do
should make a purchase or not. She always says,this. He was sued, foreclosed on and with a wife and
"Show me your money!" You will be asked to listbaby added to the mix, the Ramsey's were finally
your current income, your savings, your retirementbankrupt.
savings and the amount of debt you haveHis experience led him to learn more about being
accumulated.financially independent. He sought out every type of
After watching a few hours of this show, you mayfinancial advice out there. He read everything he
look at your own situation and feel like a total failurecould get his hands on. He has now helped many
and that you'll never measure up to the standardspeople to become financially secure. He took to heart
you "should" meet. You may have been through athe admonitions of F. Scott Fitzgerald, considered to
job loss, a divorce or a medical catastrophe and notbe one of the twentieth century's greatest writers.
have the assets you see other people having."One should... be able to see things as hopeless and
The ironic thing about this show is that a fewyet be determined to make them otherwise."
experiences in Suze Orman's past may actually makeIf you are struggling financially, become determined
you feel better. Recently on Oprah's website, Suzeto make things different. You can learn your money
revealed that as a young woman, she had been luredlessons by paying careful attention to getting out of
into the rich lifestyle and the feeling she needed todebt, building an emergency fund, and living on a
own things to impress other people. She franklyreasonable budget.