Suze Orman or Dave Ramsey?
December 1st, 2008
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Suze Orman offers financial planning advice on the Suze Orman Show on CNBC and on suzeorman.com. She has written numerous best sellers on personal finance including the 9 steps to Financial Freedom. Dave Ramsey offers personal finance advice on the Dave Ramsey Show on Fox Business and on daveramsey.com. His most famous book is the Total Money Makeover. Â
Who do you think is the better personal finance expert? Whose advice do you find more useful? Is there another personal finance expert that I am leaving out? I would like to know what you think. I have my own opinion but will save it for a later post.
I like Suze Orman. I’ve read her books, listened to her shows, and observed her advice for almost a decade now. She’s been consistently accurate.
That’s as good as it gets.
Warmly,
Judith
Dave has better advice. It is more personal and it is about living in the real world. Dave’s advice is about getting rid of debt and having a good cash flow. Suze is all about having a good credit score. I am not saying her advice is bad, Dave’s advice is just better and more practical.
@Judith Stephens
Thanks for your input.
@Jason E. Johnson
Interesting point. Thanks.
Both are good. Suze seems to be a bit more comprehensive, while Ramsey is really good about attacking debt.
They are both good, but for different reasons in different ways.
Suze Orman, though, gets props for being tops. Her plan includes finding out why we spend how we do and helps one to address those feelings.
Ramsey is about behavior modification but never addresses the “WHY” of the underlying behavior. However, his Total Money Makeover (TMM) is very basic and easy to follow. One can easily follow this to get out of debt. I would recommend it to anyone who is trying to get out of cc debt.
Ramsey’s examples and methodology seem to be designed for married couples with children. Yet, he mentions tons of college students filing bankruptcy. He seems to not both to address singletons or childless couples.
Ramsey also puts too much emphasis on material goods as in “once you finish you can buy xyz and life will be wonderful and cherries on top of sundaes”. I think an emphasis on material goods (whether before or after the TMM) is why so many people are in debt in the first place. Again, it goes to Ramsey never addressing the underlying “WHY”.
@suzyjax
Good points.