Thursday, March 10, 2011

Suzie Orman

We were watching a show by Suzie, last night. It was called something about "financial class" and was really interesting. She makes some really unrealistic recommendations though. Like the fact that she says everyone should have 8 months worth of savings. How is that realistic for the average family? It isn't!! There is NO way we can save that kind of money. On top of that she says to save 20% down for a house before buying. What? 8 months reserve AND 20% to put down on a house. In the mean time, we should rent? Simply throw our money out the window in a rental, while we "save" the money? Renting would cost us about the same as our mortgage. She talks about Outer Banks foreclosures, etc. but I don't think her recommendations are realistic at all.


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