Suze Orman says to screw budgets!
From her book The Money Book for the Young, Fabulous & Broke:"Screw budgets! Is it a good idea to take a look at where your money is going in order to figure out how to keep more of it around? Sure. But I'm not going to be pushing Budgeting 101 on you. I heard from so many people who said they wanted help with budgeting. No, you don't! Budgets are about as successful as fad diets where you lose a ton of weight at first and then gain even more back. Big surprise. Operating on denial, constant worrying, and incessant monitoring is not sustainable. The same is true with money. If you force yourself onto a strict budget, chances are you'll never be able to stick with it, and you'll end up with more debt than you started with."If that doesn't sound crazy enough, keep in mind that she also pushes that you worship at the alter of the great FICO... oh and makes lots of money selling their stuff. As shown very clearly in the movie "Maxed Out" - She's a sell-out. Besides selling out to companies like Fair Isaac, she also sells out to the idea that self denial is bad - a modern myth that is responsible for most of our social problems today.
The title of her book is appropriate. Keep that attitude and you will stay broke!
Labels: Budget, Suze Orman
Posted By: Jim on Wednesday, January 02, 2008
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2 Comments:
People like this tick me off. Today, the lack of self-denial especially in high school kids and college-aged young "adults" is really pathetic. The idea that you can have whatever you want, now, is ludicrous. The present generation wants to step instantly into the lifestyle their parents (or actually, their grandparents - because their parents do the same thing!) enjoyed after a life of hard work.
Orman caters to that self indulgence. She's a loser, without an ounce of sense in her head. It's the "take all you can" attitude - take it all now, and deal with it later. Suicide comes to mind. At least, financial suicide, and any chance for a peaceful, happy life.
Of course, self-denial isn't taught to kids anymore, so it's no wonder that they grow up with the notion that they can have Everything now.
--Karyn
Karyn,
"self-denial isn't taught to kids anymore"
My thoughts exactly. With proper budget training and following Dave Ramsey's seven steps, one will realize they do not have to totally deny themselves. Things are put off until you can afford them or you realize that you do not need them after all.
Joe
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