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07-12-2016, 09:40 PM
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#41
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2012
Posts: 6,130
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No financial planner/advisor is going to be perfect. One can fault with something about all of them. In our area Ric Edelman is very popular, he has very good advice to give, but not all is perfect.
IMHO one has to approach these "popular" financial advisors and look at them from a "crowd sourcing" perspective... how much of their advice is basic and consistent? I'd say 95% of folks, if they followed the basics of "LBYM, save, keep your debt down and invest simply", which most of these folks expose, would be better off. Where one has to thread carefully are specific investment recommendations they make. But I understand that, so I can ignore that aspect of their advice.
I recently viewed a Vanguard webinar where they interviewed Jack Bogle. His message also was "just stick to the basics". I don't know, many too many people find the 'basics" too boring, which leaves them more susceptible to things they don't understand but many come wrapped in a nice package...
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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07-14-2016, 03:38 PM
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#42
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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I liked her comment that her debit card was the "least cost effective card" available. Some honesty?
But are not all the TV pitch people bad? Dr Phil, Dr Oz et al
__________________
For the fun of it...Keith
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07-14-2016, 10:45 PM
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#43
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Bay Area
Posts: 2,745
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One can probably make a similar documentary about 1/2 of the business owner, including Trump. The video is a complete waste of time for the maker and viewer. My 2 cents.
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07-15-2016, 05:31 AM
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#44
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Recycles dryer sheets
Join Date: Dec 2012
Posts: 164
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I used to watch her How am I doing segment. I ended up emailing the show about the obvious error in the presentation. She would show "home equity" on the asset side and "mortgage debt" on the liability. As a result she's telling people they have negative net worth and are doing terrible. I never got a response to my email but starting that week it was corrected to show "home value" as the asset. Pretty scary for a presentation whose whole purpose is to evaluate net worth.
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07-15-2016, 06:06 AM
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#45
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2005
Posts: 6,115
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well owing more then you have in assets is still a negative net worth .but that does not mean you are doing terrible .
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07-15-2016, 08:36 PM
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#46
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Recycles dryer sheets
Join Date: Dec 2012
Posts: 164
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But that's the point. What you have in assets is the home value not the home equity which is the net. So $500k house on which you owe $300k gives you a positive net amount. She was showing $200 equity as the asset and $300 debt and telling people they were under water on their houses.
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07-15-2016, 09:50 PM
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#47
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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A reason she no longer has her own show?
Doesn't know what she's doing? Unclear on the concept?
Day time TV. It's about whatever.
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07-16-2016, 06:42 AM
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#48
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,877
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I've actually read a few of her books years ago and think on the whole she doles out fairly decent advice. She has found her niche and is making the most of it. Good for her.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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07-17-2016, 07:32 AM
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#49
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2010
Posts: 5,860
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I have a powerful weapon that use against TV personalities like Suzy Orman, New Age types, Evangelists of various stripes, Oprah, Dr. Phil, Mr Oz etc.
It is the off button. Or in a pinch the change channel option.
Don't really care about her. Others do like and appreciate her so they are welcome to watch and listen. We pass.
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