Question by Leon B: Does Suzie Orman really have any expertise in financial matters? And by the way, how much money does she earn?
Her mortgage advice seems to always be lacking. Though she loves to address 30 year mortgages. She seems to forget the average 1st mortgage is paid off within 39 months, either by sale, or by refinancing. She also seems to forget that we live in a highly mobile world where few people stay in their homes longer than 5 years. She also seems to give advice as if the loan being taken out is going to be her loan, forgetting that individual borrowers need individual financing. I could go on and on but I just hate to see someone give advice on what works best for them personally, and represent it as the best and/or only option for all borrowers. It does more damage than good to the folks that are trying to get into a home, but don’t have her financial assets.
Best answer:
Answer by Hal_Jordan
i think she used to work for Fair Isaac and helped develop the FICO score that is widely used. Has her own show, tours, sells books — she must make a pretty penny.
Know better? Leave your own answer in the comments!
She seems reasonably intelligent, but damn she’s annoying. My personal take on her: I think that she is good to accumulating information and then redistributing it. She’s a simple consultant. She just happens to be pretty knowledgeable. I watched her on QVC the other night. She brings up good info that seems to fit most people. However, everybody is different. What works for some people will not work with other people. It would make more sense for her to try to offer the best advice that will work for the most people. Of course she will miss stuff.