Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 01-25-2011, 11:18 PM   #61
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Quote:
Originally Posted by veremchuka View Post
i think people that do that are such narcissists that they need to hear their names all the time.
In her life business that's called "marketing"...
__________________

__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-26-2011, 02:00 AM   #62
Thinks s/he gets paid by the post
Onward's Avatar
 
Join Date: Jul 2009
Posts: 1,667
I mostly object to the vampirism.
__________________

__________________
And if I claim to be a wise man, it surely means that I don't know.
Onward is offline   Reply With Quote
Old 01-26-2011, 06:06 AM   #63
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,896
Quote:
Originally Posted by Onward View Post
I mostly object to the vampirism.

We can't help the way we were born. I do wish she'd learn to spell her own first name, though.
__________________
Yes, I have achieved work / life balance.
travelover is offline   Reply With Quote
Old 01-27-2011, 08:13 AM   #64
Recycles dryer sheets
 
Join Date: May 2005
Posts: 438
‘She consistently gets the "am I ready to retire yet?" question wrong on her show. That is because she think you need to be able to live off the income only of your investment assets.’
Fixed income supported by irregular equity growth is traditionally how it is done. Easily understood – say at age 70 I have $700,000 in bonds at 4% and $300,000 in equities at 1.5%, my portfolio generates $32,500 with equity growth intended to offset inflation. That’s a 3.3% withdrawal rate, a bit low from past US data at age 70 but no need to read any academic studies or use monte carlo programs. Just a simple bonds = age, spend the cash flow.
‘yeah and she was telling this poor woman that she'd have social security to add to her income! imagine expecting to collect ss in another 37 years from today!’
Social Security estimates that 75% of benefits can be paid from cash flow into the system (ignoring the trust fund, which is largely a bookkeeping fiction) over the 75 year planning period.
I’m not familiar with Size Orman’s books or advice, nor do I think she looks like a vampire. I suspect her target audience is one who didn’t get personal finance training at home and she gears her suggestions to that end.
__________________
rmark is offline   Reply With Quote
Old 01-27-2011, 08:22 AM   #65
Recycles dryer sheets
crispus's Avatar
 
Join Date: Jun 2004
Posts: 168
I think Suzy thinks just because she loves her career and is over 60 and going strong, that everyone else should be like her. I for one hated my "career" especially after loosing my small business and having to work for someone else, and could not wait to retire. A lot of us are willing to live frugally in order to be able not to work.
__________________
Of all tyrannies a tyranny sincerely exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies, The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for own good will torment us without end, for they do so with the approval of their own conscience.
C.S. Lewis
crispus is offline   Reply With Quote
Old 01-27-2011, 08:25 AM   #66
Recycles dryer sheets
 
Join Date: Dec 2009
Location: Cleveland
Posts: 343
Quote:
Originally Posted by crispus View Post
I think Suzy thinks just because she loves her career and is over 60 and going strong, that everyone else should be like her. I for one hated my "career" especially after loosing my small business and having to work for someone else, and could not wait to retire. A lot of us are willing to live frugally in order to be able not to work.

Exactly. For people who have a jobs like hers or are a NFL football coach, actor, politician or other "jobs" that really are their passions or hobbies, I don't see the harm in working forever.

However, that is the vast minority of Americans. I am guessing less than 5% of the population is actually working in their dream job.
__________________
skyvue is offline   Reply With Quote
Old 01-31-2011, 06:12 PM   #67
Recycles dryer sheets
 
Join Date: Apr 2010
Posts: 412
Last weekend Suzy all of the sudden suggested that $2.3M will generate $10K pretax money, which is >5%, maybe she read this thread?!
__________________
“The problem with the world is that the intelligent people are full of doubt, while the stupid people are full of confidence.”

(—Charles Bukowski)
wanaberetiree is offline   Reply With Quote
Old 01-31-2011, 06:18 PM   #68
Recycles dryer sheets
slingshot's Avatar
 
Join Date: Jun 2010
Location: Scottsdale
Posts: 57
Quote:
Originally Posted by travelover View Post
Suze and Dave Ramsey are directed toward an audience that can't manage their day to day finances - people with a negative savings rate. Any advice regarding actual long term investments is purely theoretical to the majority of their listeners. In the end they know that they will end up living off Social Security and if they manage to retire with a minimal debt load, they'll eat premium cat food.
I am so thankful that we found Dave Ramsey a few years ago. He was perfect for us at that time! You are correct that his advice is targeted to getting out of debt and not towards investing wisely.
That is why I'm so thankful that we found the ER board!
__________________
slingshot is offline   Reply With Quote
Here - Pull My Finger !
Old 01-31-2011, 06:22 PM   #69
Thinks s/he gets paid by the post
MasterBlaster's Avatar
 
Join Date: Jun 2005
Posts: 4,359
Here - Pull My Finger !

Quote:
Originally Posted by Onward View Post
"You talkin' to me?"

__________________
MasterBlaster is offline   Reply With Quote
Old 03-10-2011, 11:47 PM   #70
Recycles dryer sheets
 
Join Date: Apr 2005
Posts: 306
Just watched her on the PBS fundraiser..

Her new mantra is.... LBYM is the 'new' american dream

We've come a long way baby
__________________
-----------------------------------------------------
Whatever you do will be insignificant, but it is very important that you do it.
mickj is offline   Reply With Quote
Old 03-11-2011, 05:07 AM   #71
Dryer sheet wannabe
 
Join Date: Mar 2011
Posts: 12
If it was not for advice from people like Suze this site would be too crowded for people like me.
__________________
poorgeezer is offline   Reply With Quote
Old 03-11-2011, 09:42 AM   #72
Full time employment: Posting here.
 
Join Date: Jul 2007
Location: ST LOUIS
Posts: 994
Suze had about 40 million with 39 million in tax free bonds and one million in the market. I guess that tells you what she thinks of the market.
__________________
Proverbs 15:22 Designs are brought to nothing where there is no counsel: but where there are many counsellors, they are established.
rec7 is offline   Reply With Quote
Old 03-11-2011, 09:43 AM   #73
gone traveling
 
Join Date: Jan 2011
Posts: 49
Quote:
Originally Posted by teejayevans View Post
If you aim to retire @55 and miss your target by 5 yrs, no big deal.
If you aim to retire @67 and miss your target....
Seems to me, aim low and you'll be better off, no matter what.
TJ
+2

One great virtue of LBYM is that it provides enormous "margin for error."
__________________
Loop Lawyer is offline   Reply With Quote
Old 03-11-2011, 09:50 AM   #74
Thinks s/he gets paid by the post
 
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,152
Quote:
Originally Posted by Loop Lawyer View Post
+2

One great virtue of LBYM is that it provides enormous "margin for error."
Get back fo work, Loop.
__________________
Danmar is offline   Reply With Quote
Old 03-11-2011, 01:05 PM   #75
Recycles dryer sheets
 
Join Date: Jan 2011
Location: Marietta
Posts: 117
Well here is my story about Suzie. Back in 1997, I started watching her on PBS. Then I went to the library and picked up a couple of her books. I think the first one I read was the 9 Steps book. By 1998 I had implemented her 9 Steps and was progressing to learn more. I spent some time in 1998-1999 jumping on the day trading bandwagon, never really made much money but realized after entering a couple hundred trades into the Turbo Tax at the end of the year and seeing I only made about $4,000 for all my trouble. If I had have just bought the S&P 500 I would have made more. I was really peed off given it took me so long to enter all of those trades one by one into the tax software. This was a true wakeup call for me in following Buy only no load index funds.

I continued to read everything she wrote and found Dave Ramsey, read millionaire next door, the books by David Bach. I read just about every thing else I could get my hands on in the 332 section of the library. I started finding a common thread and by 2001 I was getting stuck into Asset allocation.

Started seeing stuff about the couch potato portfolios, and then even started reading some very technical books that were explaining mathematical principles about Modern Portfolio Theory.

I settled into a Coffee House Portfolio and pretty much stuck to that since 2002. I did however sell off all of my bonds and moved 100% to stocks during the tanking of the market and the recession. Hey it was the Sale of the Century and I thought even if I was going against AA I had time to recover if needed.

So all in all I applaud Suze for what she is. A great starting point for the financial literate in our society. She has definitely been a stepping stone for me and I am sure there were many others that used her as a starting point.

I don't think I would be sitting on a Net Worth of 1.2 million at 38 without getting a prod to start somewhere from her back in 1997.

GG
__________________
Give me a surfboard and a hammock, some fresh fruit and veg, a fish or two and I am happy for life. I don't need much of a roof over my head to be happy.
RetirementColdHardTruth is offline   Reply With Quote
Old 03-11-2011, 09:53 PM   #76
Full time employment: Posting here.
 
Join Date: Apr 2008
Posts: 702
She is probably engaging some people at some level and is getting them to think about their finances. Hopefully some will want to learn more.

Not such a bad thing. You have to start somewhere.
__________________
FreeAtLast is offline   Reply With Quote
Old 03-12-2011, 07:02 AM   #77
Recycles dryer sheets
 
Join Date: Mar 2011
Posts: 50
Newbie here, just joined after lurking for quite some time.

I think the point is being missed with Suze Orman's advice on working until 67. She is advising people who dont have enough money to retire early, people who either havent saved enough, or have lost money thru whatever reasons. I think its safe to say most of us want to retire early (who wouldnt!!!), but its just not in the cards for a lot of people. And for those who it isnt, thats who Suze is targeting, to give people some hope that they can indeed retire eventually, but they just need to stay in the work force a bit longer and save their money, so they will have a good retirement. Better late than never.

Now for those of you who have been smart and were able to retire early with enough money, she's obviously not talking to you.

I think Suze is great, and if more people would listen to her, even as someone said, as just a starting point to start to learn about finances, then everyone would be far better off when planning for retirement.
__________________
carnivalday is offline   Reply With Quote
Old 03-12-2011, 09:26 AM   #78
Thinks s/he gets paid by the post
Onward's Avatar
 
Join Date: Jul 2009
Posts: 1,667
Suze, I'd like to say you don't grate on me, but you are so DENIED, girlfriend!
__________________
And if I claim to be a wise man, it surely means that I don't know.
Onward is offline   Reply With Quote
Old 03-12-2011, 09:55 AM   #79
gone traveling
 
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
Quote:
Originally Posted by carnivalday View Post
Now for those of you who have been smart and were able to retire early with enough money, she's obviously not talking to you.
I'm sure she isn't. She is talking to those that converse in a different "language" (e.g. manage debt vs. building assets).

BTW, I (for one) am not "smart". I (along with my DW) just decided on what we wanted for the future, not necessarily for the present (e.g. an LBYM lifestyle).

Different folks - different strokes (as they say) ...
__________________
rescueme is offline   Reply With Quote
Old 03-13-2011, 11:08 AM   #80
Full time employment: Posting here.
Birdie Num Nums's Avatar
 
Join Date: Mar 2010
Location: Seattle-ish
Posts: 777
There is a live Webcast with Orman going on as I write.
__________________

__________________
Birdie Num Nums is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
The Suze Orman Report!!!!! Zoocat FIRE and Money 36 10-13-2008 12:13 PM
Suze Orman on Oprah ohfrugalone FIRE and Money 13 09-23-2008 10:33 PM
Score One for Suze Orman Dog FIRE and Money 64 09-04-2008 03:41 PM
Uh oh, I think Suze Orman got me into trouble cute fuzzy bunny Other topics 7 03-03-2007 07:01 PM
Suze Orman opinions nnkrealtor FIRE and Money 133 01-09-2007 06:41 PM

 

 
All times are GMT -6. The time now is 05:22 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.