Suze Orman: To really save money, do this...
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- เผยแพร่เมื่อ 14 ม.ค. 2013
- All week on Making it in America, we're taking you through a Budget Boot Camp. HLN's AJ Hammer sat down with finance guru Suze Orman -- host of the Suze Orman show on CNBC. And when it comes to budgeting, she didn't mince words! Suze helps us whip our money into shape! For more information please visit www.hlntv.com/video/2013/01/15...
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the real problem is no one wants to give up buying useless things but still want to complain about being broke
Matthew Smith so true my friend.
they want to buy a brand new vehicle every two yrs no matter how expensive it is and then some LOL.
Champagne taste with a beer budget, as they say. People wanting free handouts, without doing their share of the work to earn it.
@@cychan7113 "Champagne lifestyle on a lemonade wage" America's middle class!!!!!
A studio in the slums is almost $2k. It's not mindless consumption, it is the cost of housing. If you are married on dual income, you will be less affected.
I am where I am today because of Suze Orman's advice. After my husband suddenly passed away, I was unsure what to do with his retirement money and his 401K. Thank goodness I watched her show, got a great financial adviser, and spoke with educated friends. I have my Suze Orman checklist done and my children and I are doing very well, and will do well in our futures. Thank you Suze, everyone should listen to you. YOu have made my life what it is today..financially successful !
Telling your money where to go is called budgeting.
Exactly
Yeap, even now in 2020 you are still right. If you can't measure it, you can't manage it and therefor we budget.
I love Suze Oram because she puts it back on us! It's our responsibility to know OUR money. Know the difference between needs and wants...she's honest and more importantly she is trying to get us to get real and honest about our money. I am looking forward to retiring in 10 years at the age of 53.
Girl, this lady's a fraud. She has no financial educational background. She has ghost writers for her books. Her debit card scam stole money from so many people. Don't listen to anything she says!
You retire yet?
@@tylertyler82- almost there...I have a few years still
This woman is brilliant. I'm in Australia and the same thing applies here; even if you file for bankruptcy and don't have a penny, your student debts will still be there, NEEDING to be paid. Suze is correct in saying student debt is very dangerous and must be paid off a.s.a.p.
hi april you are definitely right. How is the financial system like in Australia and student loans, do they work differently there?
Ignore everything she says & listen to Dave Ramsey
kappelmeister123 I thought Australia is good financially ,the minimum paycheck is bigger than here !
This woman is brilliant? A dead clock is still right twice a day, kiddo. Suze Orman doesn't say anything that your own common sense wouldn't. Please don't tell me you signed up for her "Approved" card, which sank like a rock in a swimming pool.
When the woman who helped Orman onto the public stage in the early 90s when Orman was unknown, unpublished, and *DEEP IN DEBT* calls her a "ripoff artist," that oughta tell ya something. Her name is Sharon Janis and this is the video she made:
th-cam.com/video/wZJh25-sO98/w-d-xo.html
Of her video, Janis says:
"In this exposé, you will see why Suze Orman’s name should go down in history right next to Bernie Madoff's, except that while Madoff plundered the wealthy, Orman has slopped up and stolen a fortune directly from the pockets of the poor and middle class for the past fifteen-plus years. Sponsored and protected by corporations, banks, and billionaires and propped up by ghostwriters and behind-the-scenes experts, Suze Orman's scams, shams and shenanigans have caused serious damage to many lives and to the economy of the United States of America."
You and anyone else who thinks Orman is "brilliant" should watch this when you can.
Student loans, taxes, child support, alimonies never go away. Even when you file bankruptcy.
I love Suze Orman ! Year after year I have taken her advice and have had positive results.
I love her way of straight talk - what we actually need is very minimal.
It doesn't have to be her OR Dave Ramsey. It's possible that both give great advice.
Great advice from Suze Orman? A dead clock is still right twice a day. th-cam.com/video/wZJh25-sO98/w-d-xo.html
If people ran their households like a business seeking a profit every month or a net gain, some may not be in a rabbit hole month after month.
Katya sent me here.
OMG IKR!! She rocked it!
+Queen Kirlia Oh the drag queen? Kathy Griffin first made me aware of Suze Orman, but I Looove Katya.
IT3210 hahha i thought about the drag queen too shes my fav
IT3210 2
Me too
Suze & other money experts are such a blessing. I'm a lawyer & have student loan debt. I finally refinanced my loan & reduced my spending. I started investing & taking control over my money. Although I'm employed by someone else, I now think of myself as my own boss & desire financial freedom.
I agree with most of the other posters on this video. Suze Orman is all over the place. No plan or anything. I'm sure she means well, but what she talks about does not make a lot of sense. She talks about getting out of debt and being able to wake up every morning know that you can retire SOMEDAY. But there's no plan in place on really how to do it. Dave Ramsey is very to the point on everything. He explains every part of your financial journey. What to do first, second, and so on. There's no questioning what you should do after listening to him. You can either follow him or not, but you know what you need to do to have a better life financially. I used to watch Orman a long time ago before I heard of Dave Ramsey and I'm glad I made the change because I actually learned how to handle money the Ramsey way. There's all sorts of different financial advisors for different people, but Dave works best for me.
I love this woman so much. She's right. Separate your wants from your needs. That's a big part of it. Also, don't live beyond your means.
Its a great Video, during the great depression our great grand mothers and fathers only ever bought stuff they really needed, rather than what they wanted. I think people are too spoilt these days where they believe they can buy whatever they want. I say this what happens if you lost your job tomorrow, how long can you survive without getting any money, being frugal really pays off
a wilson Credit cards is what caused all the problems to be honest..I am quite positive if credit cards existed during the great depression they wouldn't have saved anything lol
Most People tend to buy items they cannot afford (homes, cars, etc.), so they end up overburdened with debts. Simple rule is to live within your resource
I agree with a lot of things Suze says, except this one. Countries have budgets, businesses have budgets, people need to know where their money goes, what most of us lack is discipline.
***** I'm sure budgeting doesn't work for everyone and if you can handle your money without a budget that's great. For me though, I got tired of wondering where all my money had gone at the end of the month, with a budget I can set a goal for the month and keep myself in line with that set goal for the month. It makes me feel like I am more in control.
Budgeting does not have to be super restrictive. Budgeting is about being in control of your money; knowing what is coming in and what is being spent. I have plenty of money to play with and get everything paid off monthly simply because I budget. It's not a diet. It's paying myself and my bills first. I think people are confused about what the term "budget" means. It does not mean restrict until you go crazy.
Watching this in 2022. And yet, nobody in my life has had the ability to explain this to me the way this woman does. I get it now! Thank you ma'am🥲
You don't know how much that helps. Thank you. Great video.
This woman speaks the truth! I've been watching her for years, and she's the reason I've become financially strong! I appreciate how she doesn't sugarcoat the realities! 👍🏽👍🏽
I'm glad I follow Suzy Ormans advice. In 2007 A guy at this finance show told me to put all my money into stocks. Suzy told me to be careful and have a balanced portfolio. I'm glad I listened her, she was right many other times when many others gave bad advice
and that is why many do not like her, because she call the scammers out on their BS. I do not agree with her 100% of the time but I know 100% she has us in her best interest for a better life style
Actually if you put all your money in stocks in early 2009 you would now see a great return on that money because the market went up big times since then.
+Jesus Faith Yeah but he didnt say 2009 did he? -__-"
The market still went up from 2007 to 2017....big time
I'm a 14 year old and I think I understand this more than most adults.
I understood it at your age and now can retire with ease. It's not that hard just save everything you're not using and don't be stupid, quite simple really...
If you get an early start on saving and retirement, it will make a world of difference in the long run. I was cut to part time at work, my family survived on me working 14 hour days to get paid for 8.(waiting 6 hours between shifts). My retirement account helped immensely. I was able to borrow from myself. And sometimes that is a good idea.
One friend of mine had a savings account that he used to buy a much needed car. But he still went through the lending process just to get a payment schedule and interest info. But instead of taking out the loan he used the savings account and made the payments as planned into the savings account, with the interest! So in the end he increased his savings account by the interest on the payments but to himself, not a bank!
That's good thinking on your friends part. Credit is NOT a bad thing but that "thing" needs to be something that will make a return like a business and of course a home. I use my credit for EVERYTHING I buy and I mean everything! Why? They pay me a lot to do it, I was just paid $600. for using my BOA card which happens about once a year, yep free money, but I have a fare amount of money per year go thru that account. Credit is an important thing to have and I have a good record and have never paid a dime of interest on it. I own everything I have without any dept and that is a freeing experience.
RabidDingo12 Good idea. I dont think I'd have the stamina but thats a good idea for sure. Thanks for sharing
Emerson Herndon He does but he thinks we might don't want to watch it.
She is such a delight to hear speak.
Knowing where your money is coming from and going to is not a budget. Watching where it’s going and making adjustments or restricting the outflow is definitely a budget. Loose budget in that she’s not suggesting you put a monetary amount next to the amount of your hair cuts every 6 weeks or your fuel consumption, but just being mindful. I think that’s a good first step. Once you realize how much money is wasted (possibly), you get pretty psyched about saving more/spending more wisely.
Don’t think about saving and investing as depriving yourself of anything. What you are doing is paying yourself in the future.
She’s great. Love it. I want to hear her speak all day.
"personally I would say I need a boat" is this guy for real?
hightopnikes104 him nuh need food he looks hungry
This podcast is from 2013 and now it's Feb 2020. I Approve!!! Live below your means, but within your Needs
To "really save money" is simple; living within your means and practicing discipline, mixed with the wisdom and desire to be financially stable and/or secure. The same goes for people who
want to "lose weight" and be "fit and healthier"; you have to want it enough to do what's required to make it happen. Unfortunately, most people tend to complain about their finances and
health, expending more effort in "wishing" it were different (and complaining), than the effort required to make it happen - lazy people who need to straighten up.
If you want to get on track, TRACK IT!!
I agree with her when it comes to knowing where your money is coming from and going to but she is 100% wrong when it's comes to creating a budget. Anyone who has created a budget knows the awareness of what it does when it comes to income and expenses. Part of tracking your income and expenses is having something to compare it to. And that is where the budget comes in.
I also agree with her when it comes to student loan debt. Absolutely the dumbest debt in my opinion and it always seems to be the "smartest people" who have it.
well... she seems pretty passionate about what she's saying
Yes!
SELF DISCIPLINE IS THE KEY WE LIVE IN A SPOILED ASS SOCIETY I WANT THIS I WANT THAT TAKE THE PACIFIER OUT YOUR MOUTH AND MAN UP PAY OF YOUR DEBTS AND THEN SAVE FOR YOU THEN ENJOY LIFE
I thought I was the only one who thought that way. We live in a Society of Excess and we watch Shows wanting to live like the Folks. Rachel works at Central Perk on Friends yet she lives in a $800.00 Per Month Apt in Greenwich Village with Monica. A Coffee Waitresses Salary can't cover her Rent. Carrie Bradshaw has a Large Shoe Collection but she's in reality Broke and Becky Bloomwood shops for everything, gives Financial Advice on Money Management and gets Stone Cold Busted.
She changed my life, I'm debt free, only debt is our hm, but will be paid off next yr....
She's so smart; wish I'd had her advice 20 years ago!
JayJay Tailor Her advice actually makes people even more poor
Incredible wise advices! Much apreciated!!!
Being in control of your money seems like good advice to me!
I agree with her about the budget.......they get blown way too often if you are too strict. I find what is finally working for me is that I budget.......only for things that are wants. (so it is not by definition a real budget because it only sets limits on wanted items) I control the spending on useless junk, and now my savings rate has really gone up.
Keep up the good work, Suze
retiring at 65-70 is not, and will never be, making it in america. Give me a break.
It doesn't meet MY personal definition, but it's kind of ridiculous to say that. Previous generations didn't live as long and worked longer. There's no reason we can't do the same. Now, if someone doesn't want to work that long, then they need to save more than the skimpy 6%-10% for retirement in their 401ks/IRAs, which is all many people save (if anything).
John Spry I don’t think I’ll be able to afford to retire.
When i started follow the advice of ms.suze orman thanks God my life has change..
Now i cant believe that i can do it..yah thats true if you dont know how to decipline yourself interms of money you ended hurting yourself only..
No one in this world give you money..thanks a lot ms. Suze..
Amazing conversation!
I love that woman!!!!
She is no nonsense.
Love this woman! She is so right!!!
Its about being in control of your money!!#So true
I'm so glad she said what she said!
Thank you for this great information!
I worked in the US 23 years , went bankrupted and left the country! Now my mom gave me my inheritance of 10K and I bought my house in cash ! I retired from the workforce at 38 and I now will play in my garden and live the life I want to live in my country for 400 bucks a month! With 400 I feed 2 people 2 dogs and 3 cats , plus I have money left over to feed another family for 2 weeks. The beauty of making your ss payments go waaaay farther then in the US!After my mom is gone from this world I will turn off electric, phone computer and tv and be left with only one bill The tax bill for the house which is about 17.00 for the year! Yes I said 17 bucks a year!But that depends on your ability to sacrifice things and what is important to you! My freedom from bills and government is more important then anything else!PS! if you are retired and want a simpler cheaper life look for another country to retire in!
You have to be smart with your money. It's always a challenge, meeting your present needs while also preparing for whatever future needs you may have. It's like what Suze Orman said, it's time to stop fooling ourselves. We need to think long and hard what your financial goals are and identify your priorities.
Thank You.
Love Suze she always give great financial tips.
good advice thanks for sharing
Preach !!
To really save money suze, stop getting so much fake tans. They're expensive!
+esther yu But the cost is like pennies to her...
Good one esther 😁
good and informative advice!
We miss you Suze!! I met you years ago and thought you were incredibly beautiful. Thank you for autographing your book for me - The Road to Wealth .
Thank you.
Powerfully...She speaks so much truth.
Great video. Thank you.
I think that a great way to start your budgeting process is get a little note book that you always take with you and write down everything you spend. Try doing this for 3 months but even one month would help. Then annalize your spending by category, now figure out what can I eliminate, what could I cut back on with a cheaper option, what could I do less often. Then make a budget and stick to it.
Great information Suze.
I love the last quote.
This is good information
I have an iPhone 7 and I won’t change it until it dies. 😂
I've heard so mantras things about her and this is the first time I've ever heard her speak and even seen what she looks like for that matter. I thought I would hate her guts immediately. However I was surprised that I agreed with most of what she was saying.
Love this
Love it!
First go the needs and then the wants. But a human does not evolve by only having its needs covered and never its wants. And then our problem begins...
Exactly. :)))
Hi Maria!
The jews are money masters, any advice from them is good advice. Love this lady she has helped me to improve my financial situation tremendously.
Happy to say that i'm 28 and made it in America! No debt,job, living alone, a full 8 month emergency fund, my car own car(fully paid), friends and sex regular sex with a gf who doesn't live with me. Have to say, however, that this can all change and I'm thankfull to god for all I have
I love Suze AND Dave!!!
I like and have learned much from both Suze and Dave.
I always know exactly how much I have coming in and going out
What is this? I love my budget which I refer to as a spending plan. It allows me to congrol my money and give it direction. What poor advice I prefer dave ramsey
that was a read, love her!
Business insider sent me here! She's got the finance thing figured out!
It's not about budgeting. Then talks about nothing but budgeting.
She's confused, she's too busy thinking about the millions she stole with her debit card scam.
AakeTraak loll
exactly!
She doesn't have financial education. All her shows for people even less educated than her on the matter of money.
She's good at self promotion though
Hahahaha!!
bla bla bla check my teeth bla bla bla check my fake tan bla bla bla
Brilliant
The fact is that you have to document what you're spending money on. Use a cash-flow analysis free tool which gives you a visual of your expenses, income vs. cash-flow.
awesome
I love Suze. And agree with everything she said. But what she just explained WAS a budget!
Absolutely agree with you, she just outlined a BUDGET!
Thank you I thought I was going slightly mad... all I could think was "isn't that a budget" lol
I'm glad she's there to help the simple minded, but personally I find her annoying to listen to! She sounds like she's nagging and repeats everything.
docrw She has to nag, because most people won't listen!! She even has friends that doesn't know how much money they make, behind in credit cards etc!!
So true suzie
I would love to connect and tell you about The Wealthy Child financial literacy for children program
Your needs are 4; air, water shelter and food! The rest are wants!
+Svetla Nikolova You are almost right. We also need good health and good company/family/friends that may not be directly relevant to money spending.
+Maria Chat I dont agree with you! You can live without good health, ayou can live without earthly family and you can live without earthly company! And you will not understand what I mean unless you know the Gospel of Christ !
Living Well With TJ Nothing is wrong with me. What is wrong with you believing in theories that cant be proven? You cant even breath from your filthy stupid society and you ask me what is wrong with you? You better check your nasty mouth when you speak ! I was an atheist testifying God exists by simply praying. You ? If you want to find out the truth all you have to do is pray! But I tell you one thing, while you bust your behind trying to fit in with your filthy American society, I am at peace with everything in my life and what I said is true. While you are spending your time slaving for money I am free, so the one with the problem is you,so what is wrong with you?
I used to be an atheist for 38 years , but when I asked for God to come, He came. I don't have any mental problems, so there is absolutely nothing wrong with me. I am very happy content and in peace thanks to God!
Svetla Nikolova Yet, you are so lonely, you go online searching to speak nasty words to people you don't know. Take your hatred and shove it up to the people that hurt you, we have nothing to do with your problems.
Maria Chat I am not lonely. I am online because I am testifying to the Existance of God and teaching them the Gospel that saves your soul. I also do research on vermicomposting which will give me organic gardening! I don't hate you. I pity you!
I love her advice, I've paid off all my credit card debt, wking on paying off home, about 2 yrs away...after that saving for retirement....I wish I had taken her advise seriously 12 yrs....I thought I had time....poof, 12 yrs gone....
Budget is a plan...being in control of your money is executing your budget (executing you plan)... to make a plan, you need IQ, but to execute it, you need EQ
Suze is a G!!!!!! She is sooooo real!!!!!Love her!!!!!
She is so right l love her,;)
Screw College debt
Nobody gets a point across better than Suze Orman.
Hello Mona
How are you doing today?
I think Suze Orman is an excellent financial advisor!
I want to add a great tip. According to the NFDA, the National Funeral Director Association, the average funeral in America these days is $8,100! How is a family living paycheck to paycheck supposed to cover that, on top of the huge emotional loss of losing a loved one?
The reality is, EVERYONE needs life insurance! Getting a good term life policy should be the first item in your financial game plan. We must plan for the worst, expecting the best.
Her advice is so painfully obvious, it's like teaching people how to breathe or how to blink.
- If you want to save money - don't spend them.
- Suze, you're a genius!
Ok I gave it a shot... but I like Dave Ramsey!
same here!!!!!! back to Dave who makes sense
Christine Kobzeff Amen!!
Selling yourself short if you are basing it off of one video. IJS....
Christine Kobzeff 👍👍👍👍
Christine Kobzeff no fuck that guy you kidding me he’s an idiot
Everyone will retire but how you retire is up to you. I'd rather be hanging out on a beach in Hawaii sipping on a nice cold drink, instead of sitting at home counting the popcorn on my ceiling because i didn't do things right. Don't buy crap you don't need. Save your money, i never meet a happy broke man !!
came here to see who she was from RuPaul's Drag Race snatch game n ended up listening to it hahahha
Fuck the budget. Everything you buy eventually turns into trash and plus costs you valuable space. Think about that the next time you buy something.
There, there little want.
Don't you cry.....
You'll be a necessity, by and by.....
- Sage advice given by a very wise and frugal friend, when I was very young.
The only piece of financial advice you need and works if you believe in it. .........
Here it is. ............you gotta believe .......... You gotta live it ...........it %100 will work
.
. Live below your means . That's it ,,, Don't confuse below with above or even within and it will work. ... Below...
Bingo! Even Suze said so herself.
School is free Suze Orman! You do not have to fear having students loans because that is good debt. The longer that account is open and in good standing, your scores will rise! Suze gives good information but she is off when she speaks of student loans and how God awful it is to have student loans. Not everyone can pay for school. It should be a crime to have to pay for education in the first place. In that respect, it is what it is. From personal experience, my loans were in deferment, as she stated, and I still managed to raise my credit score more than 66 points each months! If you all are interested in hearing from a real person, who is not rich, who has had student loans, say yes and I will give you my entire comprehensive guide to building solid credit while having student loans in deferment. Remember, SCHOOL IS FREE! The video is coming soon, if you all are interested. Oh, and it will not cost you one red dime! In one year, my scores were improved by 203 points, as of May 29, 2016, and I have the documents to prove it. My identity was stolen years ago and I had to work like mad to get my credit back. I am still not at my 800 mark. That's the goal by the end of this year; at the rate I am going, it should not be a problem. It can be done, but you will make sacrifices as Suze stated. You will definitely not buy on a whim and you must only purchase your necessities. Trust me, the reward is so sweet when you are not being denied credit, cars or housing, because of a group of numbers, which indicates you are either a responsible person, or an irresponsible person. I think it sucks, but self control is definitely a must. ~Peace and Grace#KeepTheChange#WhatsYourFicoScore#Denied
I think one of the important important tibits of words she said which I think is more important than the advice is when she said : "People do not REALIZE how much money they have coming in."....That there is the honest true.
It depends what budget means to you.
Organising and restriction is different.
shes awesome. great advice. its so basic yet people dont get it.