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she caters to financial train wrecks and those who commit financial suicide. her investment advice is poor and if you are succesful financially there is nothing to be learned above one size fits all basics.
except for the entertainment value of can i afford it for me i find the show useless. now watching the consuelo mack show i find is a wealth of knowledge a successful person financially is able to learn from and utilize.
two very different target audiances.
Thanks but I was hoping that "ohhboy" would answer since they were the ones that said it. The factor of the matter is that majority of Americans don't have money saved up and have a lot of credit card debt. 76% of Americans live from one paycheck to the next. The majority of Americans are financial train wrecks. The same could be said for Dave Ramsey.
I've been watching Consuelo Mack for years...and before that Louis Rukeyser (on PBS)
I marvel at Suze's callers who CLEARLY can't afford what they're asking for....like the woman with the 200K motorhome.....and the woman who refi-ed her mom's home KNOWING the mom NOR she could afford it. (Suze told her to sell the house, and get ready for mom to move in)
And I also marvel at people who CAN afford what they ask for and Suze says no. I think I marvel at that the most. If you've got your act together and saved a half million dollars I think you can figure out if you can afford something.
I take Suze in small doses. I USED to be addicted. Now I'll go WEEKS without it. And even when I do watch I tend to skip the Can I Afford It, because Suze just gets on my nerves so. And it makes no sense to watch a show that I find that 'upsetting.'
these are shows for the non financial misfits. these shows are for learning more and more about not only the skill of being better investors but also the skills needed to mitigate the risks to those assets.
different world then suzies's dirty dozen band of financial misfits and failures.
The other trainwreck last night were the grandparents who co-signed $170k in undergrad student loans for their grandson. He's been six months with no job and doesn't appear close to obtaining one. Why do people do these things?
That's why Suze wrote a financial book specifically aimed at women. A large part of the book is about how women usually feel a lot of guilt and take care of everyone else before themselves (their kids, parents, etc) and how to say "no", and that it's okay to say no to your adult kids and take care of yourself and your own financial security first.
Suze advised them to take a mortgage out on the house and pay off the loans. What they also need to do is write the parents of the grandson, and the grandson, out of their estate until they get paid back
the woman who wanted the 200k motor home and had little savings was a pretty scarey representation about the smarts of folks out there .
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