Suze Orman Analysis

Suze Orman’s “The Money Book for the Young Fabulous & Broke” targets college graduates who might have student loan debt and are unemployed or make less money. Orman offers advice and gives an overview on how to handle money when you don’t have much of it.
Susan Lynn "Suze" Orman is an American personal finance guru, author and motivational speaker. She won the Gracie award for her show "The Suze Orman Show". She has also been part of Merrill Lynch as a financial advisor. She has been writing books since 1995 and has penned down several bestsellers like The Nine Steps To Financial Freedom (1997), Women and Money: Owning the Power to Control Your Destiny (2007), Suze Orman's 2009 Action Plan (2009), Suze Orman's 2010 Action Plan (March 2010),
She advises that one can use credit cards to support themselves while on a job they love. She also advises that credit should be used to help make ends meet in the beginning till the time one’s career is enough to provide complete financial support. I do not agree with the advice given in this chapter. If a person is wholly dependent on credit cards for their finances, they might end up with huge amounts of debt. Especially since this advice is aimed at people in their twenties, they might not pay heed to the future implications, end up having multiple cards, and use one card to pay the other’s debt whilst being trapped in the vicious cycle of debt. However, she advises not to quit one’s job and go back to school just because they dislike the job. She says that quitting a job and going to school prolongs the challenge of finding a strong employment. It also increases one’s debt burden and one has to start all over again from the bottom rung at a new
She advises finding cards with low interest and no annual fees, and also stresses that one should not get behind on credit card payments. If one has multiple card, she suggests paying off the minimum balance on each card but pay extra on the card with the highest interest rate. She opines that credit cards can be used as tools but it is common knowledge that the credit card companies encourage spending beyond one’s budget, which can be misconstrued by people into making horrible financial decisions. Nowadays, marketing and advertisement has sugar coated the bitter pill of debt and made it seem trivial, so people don’t pay much attention to it. However, Orman puts an addendum to her ‘use credit card to survive’ ideology by saying that one should use it only for bare necessities and not on things like eating