marko
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 16, 2011
- Messages
- 8,536
Sweet!Members here are not Suze's target audience but maybe their siblings without a dime are.
Sweet!Members here are not Suze's target audience but maybe their siblings without a dime are.
Shhhhh... we need these people to keep working and paying into the Social Security Trust Fund!
Members here are not Suze's target audience but maybe their siblings without a dime are.
Suzie, Dave and Money magazine got me thinking about getting out of debt, saving for the future, living below my means, and investing. They may have gotten rich themselves, but they got me on the right track.
OOPS! Too late Suze! I guess we will just muddle through, somehow.
That's why people look up to her.Suzie is high
The late DW was a mortgage loan officer. She loved working with people that wanted to buy a house but did not have a good enough credit rating. Some she worked with for more than two years. What she really did for them was credit counseling. More than once, we went in to a book store and bought all the copies of a Suz Orman book. She gave away a bunch of those books. Those people had no information about finances. Suz Orman was someone they were comfortable with and someone they could trust. The counseling and books worked for the ones that really wanted a house that they could afford and could make the payments. This was before the housing crash when liar's loans were rampant and anyone could get a house loan. That was not DW's style.
+1 We all know people in that group. We live in a +55 mobile home park, and a lot of the people are just scraping by.Ah, perhaps not.
Bear in mind that this group is a bunch of outliers, as numerous other threads make clear. So to look at her pontifications though the lens of what is common knowledge and practice among the members here would be, I think, misleading and inaccurate.
The group she is addressing is no one on this board, but we've all met the members of that other group. Those are the ones who think "I can make the payments" = "affordable". Savings? They have a few grand at best and that's a minority. They have never in their lives paid cash for a car or a home, new or used. They have a wallet full of credit cards and routinely carry a balance on most if not all of them from month to month.
Those are the folks who don't have a pension, don't have employer-subsidized HI in retirement, and will be living off SS as their sole source of income when they stop working. I think that constitutes most of the working-age population in the U.S., and yeah, if they're able to, they should work until they're 70 or later.
So for that group, Suze is almost certainly dead on.
+1 We all know people in that group. We live in a +55 mobile home park, and a lot of the people are just scraping by.
Our NW is a total secret.
Exactly. LOL!Members here are not Suze's target audience but maybe their siblings without a dime are.
It is dangerous to extrapolate from anecdotal evidence. The people that frequent this forum are like the tiny tip of the tail on the distribution curve.see I guess I must be the strange person. and I always admit my circle of friends is small................
We have friends in both situations but those that will be hard pressed to retire before 70 out number those who either have or will be able to retire before 70.It is dangerous to extrapolate from anecdotal evidence. The people that frequent this forum are like the tiny tip of the tail on the distribution curve.