Whose financial advice do you like better ?
Please let me know why in the comments section of this post.
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Monday, June 23, 2008
Dave Ramsey or Suze Orman
Whose financial advice do you like better ?
Please let me know why in the comments section of this post.
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8 comments:
It is Dave all the way. Lately, Suze has been pretty good, but Dave has been smacking everyone's hands for the last two decades!
Check out their views about whether we are in a recession over here...
http://watsoninc.blogspot.com/2008/05/are-you-in-recession.html
I have never seen Dave, but Suze's format and show seems cheep.
Suze is not good.Dave is far better.Suze is more like made for tv shows person with too much drama.
http://www.topforeignstocks.com
Definitely Suze. Especially, if it was a finance personality smack down on TV.
I admittedly don't know much about Suze (though I need ot find out more). What I have seen, I don't like.
To be fair, going by the pictures alone: I'll take a non-airbrushed face over an airburshed face any day - - Advantage: Dave Ramsey.
Suze, she gives practical advice about a variety of topics. Dave is mostly about debt reduction.
In my opinion, is Dave Ramsey’s Snowball Method about debt reduction is the best method. It is awesome for boosting self esteem since it will give you a great feeling of accomplishment once you have paid a debt off. You can see them drop one by one. I also like the idea of taking money that was used to pay off a smaller debt and then apply it to the next smallest credit card.
One caution here no matter which method you use, do not close these accounts. If you close them before you are out of debt you could potentially hurt your credit scores as well as take away your "emergency" fund if you need one.
Suze Orman’s method from a mathematical standpoint makes the most sense since you are focusing on the credit card that is costing you the most in interest. I also like the idea that you are paying more than the minimum each month on everything. However, the progress on each account will be slower than on Ramsey's method. This method will also have a positive effect on your credit scores as you pay down the debt.
Sam
Fix My Personal Finance
http://fixmypersonalfinance.com
In a bare-knuckles smackdown, Suze would win because she is all about herself and Dave is a standup guy who wouldn't hit a woman.
Now, in real world get out of debt and build wealth and retirement...it's Dave all the way. His advice is older than the hills and has been tried and true for as long as time. Suze is a poster girl for FICO and make money from keeping people in debt. She is all about your credit rating and not so much about personal security or taking care of your future.
to the person that said not to close accounts because you would lose your "emergency fund," Dave's plan has you build an emergency fund before you even start paying off debt so you don't have to use credit cards or loans for an emergency while you are trying to lower debt.
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