Suze Orman or Dave Ramsey?

[ScrimpAndSave]

I know they are similiar in a lot of ways...but what views are very different?

Thanks!

[Snave]

Suze is all about increasing your fico score and Dave's methods go against this. He is a "forget the credit score" b/c you will be using cash anyway advocate. I think both have some good advice that all needs to be taken with a grain of salt. They all have to find a niche to make their name.

[Diolla]

Suze thinks FICO is VERY important (gee I wonder why?)
Dave thinks credit scores are unnecessary

Suze doesn't hate credit cards just credit card debt
Dave thinks credit cards are unnecessary.

Suze pays off debts based on interest rates.
Dave pays them off smallest to largest and disregards interest rates.

Suze is a woman with an alternative lifestyle.
Dave is a Christian man.

I would not say they are alike in many ways. The only similarity I see is that they both got rich by selling common, everyday type financial advice.

[maat55]

Originally Posted by Diolla

Suze thinks FICO is VERY important (gee I wonder why?)
Dave thinks credit scores are unnecessary

Suze doesn't hate credit cards just credit card debt
Dave thinks credit cards are unnecessary.

Suze pays off debts based on interest rates.
Dave pays them off smallest to largest and disregards interest rates.

Suze is a woman with an alternative lifestyle.
Dave is a Christian man.

I would not say they are alike in many ways. The only similarity I see is that they both got rich by selling common, everyday type financial advice.

I think this say's it all, good post.

[ScrimpAndSave]

Yeah, I see what you are saying...i guess some of their fundamental things are similiar....but they are very different.

I am new to all this..and I LOVE the Young Fabulous and Broke as well as Financial Peace.

[disneysteve]

I think both have helped a lot of people. Different people in different situations need different types of advice to get them moving in the right direction. Suze's advice leans more toward financial in nature. Dave's advice leans more toward psychological and motivational. Both work, but in different ways and for different types of people. I also think Dave's tends to be more extreme, and I don't mean that as a bad thing as some people need to take extreme measures if they are going to turn their lives around and Dave's methods are exactly what those folks need to hear and follow.

Personally, I tend to disagree with much of what Dave Ramsey says, but that's because I'm not the type of person who needs his type of advice. So I prefer Suze Orman. In fact, the 3 of us enjoy watching Suze's show together every Saturday night. My daughter loves the "Can I Afford It?" segment.

So basically, I think both give a lot of good advice. Just don't take any of it as gospel because it may or may not be the right advice for you and your situation.

[maat55]

Originally Posted by ScrimpAndSave

Yeah, I see what you are saying...i guess some of their fundamental things are similiar....but they are very different.

I am new to all this..and I LOVE the Young Fabulous and Broke as well as Financial Peace.

The part in this book about financing your dreams on credit cards, scared the #### out of me. Other than that, I thought the book was ok.

[Brokemofo]

Originally Posted by Diolla

Suze thinks FICO is VERY important (gee I wonder why?)
Dave thinks credit scores are unnecessary

Suze doesn't hate credit cards just credit card debt
Dave thinks credit cards are unnecessary.

Suze pays off debts based on interest rates.
Dave pays them off smallest to largest and disregards interest rates.

Suze is a woman with an alternative lifestyle.
Dave is a Christian man.

I would not say they are alike in many ways. The only similarity I see is that they both got rich by selling common, everyday type financial advice.

We ALL live alternative lifestyles. Dave just chooses to be a Christian.

[sweeps]

Originally Posted by Diolla

Suze is a woman with an alternative lifestyle.
Dave is a Christian man.

Sorry but I don't see how that has to do with the financial advice they give?

[maat55]

Originally Posted by sweeps

Sorry but I don't see how that has to do with the financial advice they give?

I agree partly, Dave's advice is faith based and faith based financial advice is a little different from mainstream, for the better,IMO.

Whether Suzie is gay or not, has no influence on her advice, also IMO.

[rob62521]

I think both give good advice and in the long run, both agree one should get out of debt.

If were to go by personalities, my husband would be Dave Ramsey with the cash only method. The only problem is getting a hotel room or booking anything -- the man didn't have a credit card. I guess I would be Suze Orman -- use credit cards wisely.

In the greater scheme of things, it's all about taking advice and making it work for you. I don't agree with everything each one says.

[cantretire]

I prefer Suze's advice as it seems to work for me better. I really liked her Women and Money book. I read many books from many different trains of thought and apply what will work for me. Everyone is different so they need different methods.

Read several and see what will help you. But let's face it, the best advice is given by all of them in some form or another, get out of debt, stay out of debt, and put money away for emergencies and old age.

[maat55]

I see at as, Hers is good worldly advice and His is good Godly advice. As a christian, I lean towards the Godly advice, because in the long run, it is the safest.

Look at the difference between what was exceptable on tv 50 years ago as compared to today. I think our exceptance of debt is just as lax.

[Aleta]

Suze Orman and Dave Ramsey are both good in many ways. Alot depends upon where you are and what kind of discipline that you have. I think for some people that Dave Ramsey is a good starting point because there are many that can't handle credit cards and there are those of us that can. He will get you on the right track. Maybe further down the road, you might take a look at Suze's books. I think that she has great advice for women and especially those that don't know very much about finances. She is an encourager for women to become more independent and taking responsibility for their finances before something happens and they are stuck in an unwanted situation. I like her new accoount, Save yourself because many women don't have an account in their own name that is just theirs and it gets you in the mode of checking out different types of investments that you may have never looked at before. I think that she is great and makes the process so easy. She literally walks you through the application process. There are some that are intimidated when asking questions when they don't understand something. I think she really cares about people succeeding.

[Broken Arrow]

I like Aleta's response.

Generally, I've always learned (or tried to learn) something from everyone. Even... Kiyosaki.

Take away and use what you can. Leave behind the rest.

[humandraydel]

Originally Posted by Broken Arrow

Even... Kiyosaki.

Have you heard? Since Kiyosaki can't sell his get rich quick in real estate scheme anymore, he's moved on:


"It's time to get smart about investing. Introducing the all-new Rich Dad Education Stock Success System® - teaching you how you can trade better - safer - smarter. even if you've never bought or sold stock before!"


Rich Dad Education Stock Success System®


...I wish I were joking!

[Brokemofo]

I recently started watching DR's show, and I must say regardless of financial advice Suze has a much better show. Ramsey's show is plain boring. I set my DVR to record all his shows, but after watching 3 or 4 I'm done. Suze is way more interesting and informative. Plus, I don't have to listen to her say the stupid, robotic "better than I deserve" crap.

[irmanator]

thanks for mentioning her show, it reminded me to go watch. My daughter watched and liked the can i afford it segment. she is 15. maybe it will stick with her.

[Diolla]

Suze is a woman with an alternative lifestyle.
Dave is a Christian man.

I didn't mean anything personal or offensive about either. I personally find Suze obnoxious and Dave condesending but I didn't include that because it was a personal opinion and I know lots of people that they have helped get off their duff and make some progress towards financial responsibility. (me included)

The original question though was how are they different so I wrote how they are different. While I agree with most of the pps I have learned more from the people, sites and blogs I have found on the internet.

[maat55]

Originally Posted by Diolla

Suze is a woman with an alternative lifestyle.
Dave is a Christian man.

I didn't mean anything personal or offensive about either. I personally find Suze obnoxious and Dave condesending but I didn't include that because it was a personal opinion and I know lots of people that they have helped get off their duff and make some progress towards financial responsibility. (me included)

The original question though was how are they different so I wrote how they are different. While I agree with most of the pps I have learned more from the people, sites and blogs I have found on the internet.

I've listened to Dave for years and have not found him to be condensending. I've heard a little sarcasm and chastizing, but with his heart is in the right place.