|Net Worth:||$35 Million|
|Born:||June 5, 1951|
|Source of Wealth:||Author, Financial Adviser, Motivational Speaker, Businesswoman|
|Known For:||The Suze Orman Show|
Susan Lynn “Suze” Orman is well-known as a personal finance author, motivational speaker and television host. With a degree in social work, Suze Orman worked as a financial advisor for Merrill Lynch. In 1983 she became a vice-president of retail customer investments at Prudential Bache Securities. In 1987, she founded the Suze Orman Financial Group. Her popular The Suze Orman Show started to air on CNBC in 2002. Currently, her net worth is $35 million.
Suze Orman was born on the South Side of Chicago in 1951 to Jewish parents of Russian and Romanian origin. She attended the University of Illinois at Urbana-Champaign and received a B.A. in social work in 1976.
After graduating from college, Orman moved to Berkeley, California to work as a waitress. In 1980, she borrowed $52,000 from friends and acquaintance to open a restaurant.
At the early stage of her investing journey, Orman lost her entire investment trading options through a representative at Merrill Lynch. She learned this hard lesson that the type of investment her broker put her in was not suitable for her situations, as option trading is considered a high-risk but high-reward investment only suitable for a small group of high-net worth individuals.
Suze Orman joined the financial industry and worked as an account executive for Merrill Lynch. She remained with the firm until 1983 when she left to join Prudential Bache Securities as a vice-president of investments.
In 1987, Orman left Prudential and found the Suze Orman Financial Group, based in Emeryville, California. Orman began to write personal finance books including The 9 Steps to Financial Freedom (1997), You Earned it Don’t Lose it (1999), The Courage to be Rich (1999), The Road to Wealth (2001), The Laws of Money and The Lessons of Life (2003).
The Suze Orman Show began airing on CNBC in 2002. The show covers various personal finance topics. In a down-to-earth and entertaining fashion Suze Orman candidly tells her audience the truth about money so viewers can change the course of their financial destiny. Her “Can I Afford It” segment is very popular to viewers interesting in personal finance.
In February 2008, Orman appeared on The Oprah Winfrey Show and offered free copies of her book Women and Money that generated about two million downloads. Orman writes a financial advice column for O. She is also the former author of Yahoo!’s “Money Matters” and contributor to The Philadelphia Inquirer.
As a personal finance guru, Suze Orman dedicates her life to help people with financial issues and problems. Orman concisely stated that “the goal of money is to make you feel secure.” Financial problems are caused when you do things with money that do not seem “right” to you, despite pressures and advice from others. She stresses the importance of making financial decisions that you feel comfortable with.
Personal Finance Quotes from Suze Orman
“The way to build your savings is by spending less each month.”
“Look everywhere you can to cut a little bit from your expenses. It will all add up to a meaningful sum.”
“A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.”
“The only way you will ever permanently take control of your financial life is to dig deep and fix the root problem.”
“Every financial worry you want to banish and financial dream you want to achieve comes from taking tiny steps today that put you on a path toward your goals.”
“If you are worried about job security and do not have an adequate emergency fund, you need to focus more on saving money than paying down the balance on your credit cards.”
Suze Orman Personal Finance Video
This is an excellent and short guide by finance guru Suze Orman to help you whip your money into shape! When it comes to personal finance advice, Orman didn’t mince words in a Budget Boot Camp.
Small Financial Steps That Will Pay Off Big Time by Suze Orman
- Save a Bit at a Time
- Have a Little Self-Discipline
- Max Out on the Company Match
- Invest in a Roth IRA
- Subtract Your Age from 100 and Put That Much in Stocks
- Spend Wisely on Term Life Insurance for Peace of Mind
- Have a Will and a Revocable Living Trust
- Add a 13th Mortgage Payment to Pay Off Your Loan Five Years Faster
Suze Orman is a world-renowned financial expert and best-selling author. Orman also is a two-time Emmy Award-winning television host. She strives to help as many as she can through her The Suze Orman Show. In an April 2008 online interview with The Young Turks, Orman said that her net worth was more than US $10 million. It’s estimated that her net worth is currently $35 million.