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Revision as of 13:35, 3 May 2020 edit108.60.227.6 (talk) Corrected misinformation about the approved card as well as her teaching stink at the university of PhoenixTags: possible unreferenced addition to BLP Visual edit Mobile edit Mobile web edit← Previous edit Revision as of 13:53, 3 May 2020 edit undo108.60.227.6 (talk) Added more of a description to the actual features of the approved cardTags: possible unreferenced addition to BLP Visual edit Mobile edit Mobile web editNext edit →
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==Prepaid debit card controversy== ==Prepaid debit card controversy==
In 2012, Orman introduced the Approved ], which was backed by Bancorp Bank. The card generated a great deal of controversy for its fees and vague promise of wanting to contribute to a FICO score.<ref>https://www.reuters.com/article/us-column-wasik/column-the-troubling-fine-print-of-suze-ormans-prepaid-card-idUSTRE80D03220120117</ref> Cardholders were charged a $3 monthly fee, but were charged for services such as check writing and customer service calls. The Approved card's features were intended to include ]s and ]s from ], as well as ] and ] protection. ] also agreed to "examine data from Approved cards", which was unusual for prepaid debit cards, but because of tremendous opposition from the industry who did not want a debit to factor the card's usage into the cardholders' ]s in July 2014, the Approved card was discontinued.<ref>{{cite news|first1=Ron|last1=Lieber|accessdate=2019-03-18|title=Suze Orman to Offer Her Own Prepaid Debit Card|url=https://www.nytimes.com/2012/01/09/your-money/suze-orman-to-offer-her-own-prepaid-debit-card.html|newspaper=The New York Times|date=9 January 2012|issn=0362-4331|via=NYTimes.com}}</ref><ref>{{cite news|first1=Ron|last1=Lieber|accessdate=2019-03-18|title=Suze Orman's Approved Prepaid Debit Cards Are Quietly Discontinued|url=https://www.nytimes.com/2014/06/17/business/suze-ormans-approved-prepaid-debit-cards-are-quietly-discontinued.html|newspaper=The New York Times|date=16 June 2014|issn=0362-4331|via=NYTimes.com}}</ref> A true loss for the unbanked and underbank. Orman herself loss $4,000,000 trying to help everyone get a Fico Score This card would have helped millions of lower income people In 2012, Orman introduced the Approved ], which was backed by Bancorp Bank. The card generated a great deal of controversy for its fees and vague promise of wanting to contribute to a FICO score.<ref>https://www.reuters.com/article/us-column-wasik/column-the-troubling-fine-print-of-suze-ormans-prepaid-card-idUSTRE80D03220120117</ref> Cardholders were charged a $3 monthly fee, but that fee was for up to four individual cards. It was however the first Prepaid card to allow free bill paying and money transferring and no international charge. At the time the card was the most cost effective card on the market. The Approved card's features were intended to include ]s and ]s from ], as well as ] and ] protection. ] also agreed to "examine data from Approved cards", which was unusual for prepaid debit cards. The financial Industry did not want a prepaid debit card to factor the card's usage into the cardholders' ]s. After many false accusations and criticism and blocking every attempt to get The Approved cards to generate a Fico Score in July 2014, Orman discontinued the card. .<ref>{{cite news|first1=Ron|last1=Lieber|accessdate=2019-03-18|title=Suze Orman to Offer Her Own Prepaid Debit Card|url=https://www.nytimes.com/2012/01/09/your-money/suze-orman-to-offer-her-own-prepaid-debit-card.html|newspaper=The New York Times|date=9 January 2012|issn=0362-4331|via=NYTimes.com}}</ref><ref>{{cite news|first1=Ron|last1=Lieber|accessdate=2019-03-18|title=Suze Orman's Approved Prepaid Debit Cards Are Quietly Discontinued|url=https://www.nytimes.com/2014/06/17/business/suze-ormans-approved-prepaid-debit-cards-are-quietly-discontinued.html|newspaper=The New York Times|date=16 June 2014|issn=0362-4331|via=NYTimes.com}}</ref> A true loss for the unbanked and underbank. Orman herself loss $4,000,000 trying to help Yhose who always use a prepaid card get a Fico Score This card would have helped millions of lower income people.


Orman has also falsely received criticism for making misleading statements relating to her credentials and achievements, notably her teaching stint at University of Phoenix which she never taught at.<ref>{{Cite web|url=http://forbes/1998/1228/6214118a|title=Sizzling Suze|last=Barrett|first=William P.|website=Forbes|language=en|access-date=2019-12-17}}</ref><ref>{{Cite web|url=https://financialadvisoriq.com/c/1091583/114713/suze_orman_stop_bashing_advisors|title=Suze Orman Won't Stop Bashing Advisors|last=WarnerMarch 30|first=Joan|last2=2015|website=Financial Advisor IQ|language=en|access-date=2019-12-17}}</ref><ref>{{Cite web|url=https://www.huffingtonpost.com/davidhalperin/video-with-senator-warren_b_5839760.html|title=VIDEO: With Senator Warren Watching, Suze Orman Denies, Admits, Rationalizes Teaching at University of Phoenix|last=Halperin|first=David|date=2014-09-17|website=HuffPost|language=en|access-date=2019-12-17}}</ref><ref>{{Cite web|url=https://www.huffpost.com/entry/suze-orman-warns-against_b_5269212|title=Suze Orman Warns Against Private Student Loans, Yet Teaches at University of Phoenix|last=Halperin|first=David|last2=ContributorAttorney|date=2014-05-06|website=HuffPost|language=en|access-date=2019-12-17|last3=advocate|last4=RepublicReport.org|first4=writer at}}</ref> Orman has also falsely received criticism for making misleading statements relating to her credentials and achievements, notably her teaching stint at University of Phoenix which she never taught at.<ref>{{Cite web|url=http://forbes/1998/1228/6214118a|title=Sizzling Suze|last=Barrett|first=William P.|website=Forbes|language=en|access-date=2019-12-17}}</ref><ref>{{Cite web|url=https://financialadvisoriq.com/c/1091583/114713/suze_orman_stop_bashing_advisors|title=Suze Orman Won't Stop Bashing Advisors|last=WarnerMarch 30|first=Joan|last2=2015|website=Financial Advisor IQ|language=en|access-date=2019-12-17}}</ref><ref>{{Cite web|url=https://www.huffingtonpost.com/davidhalperin/video-with-senator-warren_b_5839760.html|title=VIDEO: With Senator Warren Watching, Suze Orman Denies, Admits, Rationalizes Teaching at University of Phoenix|last=Halperin|first=David|date=2014-09-17|website=HuffPost|language=en|access-date=2019-12-17}}</ref><ref>{{Cite web|url=https://www.huffpost.com/entry/suze-orman-warns-against_b_5269212|title=Suze Orman Warns Against Private Student Loans, Yet Teaches at University of Phoenix|last=Halperin|first=David|last2=ContributorAttorney|date=2014-05-06|website=HuffPost|language=en|access-date=2019-12-17|last3=advocate|last4=RepublicReport.org|first4=writer at}}</ref>

Many feel that Ms. Orman's unprecedented success is the cause of unjust and unproven criticisms.


==Personal life== ==Personal life==

Revision as of 13:53, 3 May 2020

Suze Orman
BornSusan Lynn Orman
(1951-06-05) June 5, 1951 (age 73)
Chicago, Illinois, U.S.
NationalityAmerican
EducationBachelor of Arts in Social Work
Alma materUniversity of Illinois at Urbana–Champaign (1976)
Occupations
Known forThe Suze Orman Show
Spouse Kathy Travis ​(m. 2010)​
Websitewww.suzeorman.com
Signature

Susan Lynn "Suze" Orman (/ˈsuːzi/ SOO-zee; born June 5, 1951) is an American financial advisor, author, and podcast host. In 1987, she founded the Suze Orman Financial Group. Her work as a financial advisor gained notability with The Suze Orman Show, which ran on CNBC from 2002 to 2015.

Orman has written ten consecutive New York Times bestsellers about personal finance. She was named twice to the Time 100 list of influential people, has won two Emmy Awards, and eight Gracie Awards. Orman has written, co-produced and hosted 9 PBS specials, and has appeared on multiple additional television shows. She has been a guest on The Oprah Winfrey Show approximately 29 times and Larry King Live over 30 times. Orman is currently the podcast host of the "Suze Orman Women & Money Podcast."

Early life and education

Orman was born on the South Side of Chicago on June 5, 1951, to Jewish parents of Russian and Romanian origin, Ann and Morry Orman. Her mother worked as a secretary for a local rabbi, while her father, an immigrant from Kiev, worked in a chicken factory and managed Morry's Deli in Hyde Park.

She attended the University of Illinois at Urbana–Champaign and received a B.A. in social work in 1976. In 2009, Orman received an honorary doctorate of humane letters from the University of Illinois at Urbana-Champaign. The following year, in 2010, she was presented with an honorary doctorate of Commercial Science from Bentley University.

Career

Orman on the cover of Ms. magazine in 2008

After finishing school, Orman moved to Berkeley, California, where she worked as a waitress. In 1980, she borrowed $52,000 from friends to open a restaurant.

As an investment novice, she invested that money through a representative at Merrill Lynch, who promptly lost her entire investment in trading options. Later, Orman trained as an account executive for Merrill Lynch, where she learned that the type of investment her broker had put her in was not suitable for her needs, as option trading is considered a high-risk but high-reward investment suitable only for high net worth individuals. It was explained to her that because her broker was the highest producing representative in the office, his actions went unchecked. After completing her training with Merrill Lynch, she remained at the firm until 1983, when she left to become a vice president of investments at Prudential Bache Securities.

In 1987, Orman resigned from Prudential and founded the Suze Orman Financial Group, in Emeryville, California. While there, she published a booklet, The Facts on Single Premium Whole Life, which compared single-premium whole life, universal life, and single-premium deferred annuities; she distributed copies of the booklet for free to anyone who requested one. She was director of the firm until 1997.

Orman published ten original books between 1995-2020: “You've Earned It Don't Lose It” (1995), "The 9 Steps to Financial Freedom"(1997), "The Courage to be Rich"(1999), "The Road to Wealth"(2001), "The Laws of Money, The Lessons of Life" (2003), “The Money Book for the Young Fabulous and Broke" (2005), “Women & Money” (2007), "The 2009 Action Plan” (2009), “The Money Class” (2011), "The Adventures of Billy & Penny" (2017, Children's Book). Suze Orman also published three updated versions of her bestselling books: Suze Orman's Action Plan: New Rules for New Times (March 2010), The Money Class: How to Stand in Your Truth and Create the Future You Deserve (2012), Women & Money: Be Smart Strong and Secure (Sept 2018), The Ultimate Retirement Guide for 50+ (2020).

The Suze Orman Show began airing on CNBC in 2002. In February 2008, Orman gave away copies of her book Women and Money for free following an appearance on The Oprah Winfrey Show, generating almost two million downloads. 2008–2010, she was portrayed on Saturday Night Live by Kristen Wiig. Orman has been featured on the Food Network's Paula's Party. In January 2011, Orman appeared on Oprah's Allstars. In January 2012, Orman's six-episode TV series America's Money Class with Suze Orman premiered on OWN: Oprah Winfrey Network.

Orman wrote a financial advice column for O, The Oprah Magazine. She is the former author of Yahoo!'s "Money Matters" and writes for the Costco Connection Magazine. She contributed to The Philadelphia Inquirer, Lowes MoneyWorks, and Your Business at Home Magazine.

Orman's final episode of The Suze Orman Show aired on March 28, 2015, so Orman could develop a new series, Suze Orman's Money Wars, for Warner Bros. Telepictures Productions. Orman hoped the show would premiere in the fall of 2016.

In 2016, Orman was appointed as the official Personal Finance Educator for the United States Army and Army Reserve.

In 2018, Suze began serving as a Special Advocate for the National Domestic Violence Hotline, to help spread awareness regarding financial abuse.

Suze is currently the podcast host of the "Suze Orman Women & Money Podcast," releasing new episodes every Thursday and Sunday.

Prepaid debit card controversy

In 2012, Orman introduced the Approved prepaid debit card, which was backed by Bancorp Bank. The card generated a great deal of controversy for its fees and vague promise of wanting to contribute to a FICO score. Cardholders were charged a $3 monthly fee, but that fee was for up to four individual cards. It was however the first Prepaid card to allow free bill paying and money transferring and no international charge. At the time the card was the most cost effective card on the market. The Approved card's features were intended to include credit reports and credit scores from TransUnion, as well as credit monitoring and identity theft protection. TransUnion also agreed to "examine data from Approved cards", which was unusual for prepaid debit cards. The financial Industry did not want a prepaid debit card to factor the card's usage into the cardholders' FICO scores. After many false accusations and criticism and blocking every attempt to get The Approved cards to generate a Fico Score in July 2014, Orman discontinued the card. . A true loss for the unbanked and underbank. Orman herself loss $4,000,000 trying to help Yhose who always use a prepaid card get a Fico Score This card would have helped millions of lower income people.

Orman has also falsely received criticism for making misleading statements relating to her credentials and achievements, notably her teaching stint at University of Phoenix which she never taught at.

Many feel that Ms. Orman's unprecedented success is the cause of unjust and unproven criticisms.

Personal life

In February 2007, Orman stated that she is a lesbian. Orman has been married to Kathy Travis (nicknamed KT) since 2010. Travis is also her business partner. According to Orman,"KT’s career has been building brands, and I’m a brand."

In 2008, Orman donated money to the Democratic Party. In an interview with Larry King, she said that she favors the policies of the Democratic Party and Barack Obama, especially regarding people in same-sex relationships.

Bibliography

Books

  • You've Earned It, Don't Lose It: Mistakes You Can't Afford to Make When You Retire (with Linda Mead) (1995)
  • The Nine Steps To Financial Freedom: Practical and Spiritual Steps So You Can Stop Worrying (1997)
  • The Courage to Be Rich: Creating a Life of Material and Spiritual Abundance (1999)
  • The Road to Wealth: Everything You Need to Know in Good and Bad Times (2001)
  • The Laws of Money, the Lessons of Life (2003)
  • The Money Book for the Young, Fabulous and Broke (2005)
  • Women and Money: Owning the Power to Control Your Destiny (2007)
    • Revised and updated: Women & Money: Be Smart Strong and Secure (Sept 2018)
  • Suze Orman's 2009 Action Plan: Keeping Your Money Safe and Sound (2009)
    • Revised and updated: Suze Orman's Action Plan: New Rules for New Times (March 2010)
  • The Money Class: Learn to Create Your New American Dream (March 2011)
    • Revised and updated: The Money Class: How to Stand in Your Truth and Create the Future You Deserve (2012)
  • The Adventures of Billy & Penny (Jan 2017) (Children's Book Illustrated by wife, KT)
  • The Ultimate Retirement Guide for 50+: Winning Strategies to Make your Money Last a Lifetime (Feb 2020)

Multimedia

Orman is also creator of a number of non-book products, primarily CD-ROM-based services that offer education and various financial services usually in conjunction with her books and writings.

  • Suze Ormans FICO Kit – First offered in 2002 in conjunction with Fair Isaac Corporation.
  • Suze Orman's Will & Trust Kit – Introduced in 2005 with her personal trust attorney.
  • Suze Orman's Insurance Kit – Introduced in 2007.
  • Suze Orman's Protection Portfolio – First introduced in 2002, in third version.
  • Suze Orman's Identity Theft Kit – First offered in 2008, in conjunction with TrustedID.
  • Suze Orman's Save Yourself Retirement Program – Introduced September 2009, in conjunction with TD Ameritrade.

References

  1. Stuever, Hank; Stuever, Hank (2015-03-27). "So long, 'Suze Orman Show,' TV's only sane space in a money-crazed culture". The Washington Post. ISSN 0190-8286. Retrieved 2017-05-10.
  2. "About Suze Orman" SuzeOrman.com. Retrieved 24 February 2019.
  3. Strauss, Elissa (October 17, 2007). "Suze Orman's Spiritual Side". The Jewish Daily Forward. The Forward Association, Inc.
  4. https://www.dignitymemorial.com/en-ca/obituaries/boca-raton-fl/ann-orman-5228598
  5. "Millennial Money Moves". The Suze Orman Show. February 7, 2015. CNBC.com.
  6. Dominus, Susan (2009-05-17). "Suze Orman Is Having a Moment". The New York Times.
  7. "If you knew Suze…". Kiplinger's Personal Finance Magazine. 1998.
  8. "News - Suze Orman". The Jewish Journal. Retrieved 2007-11-01.
  9. Spiselman, Anne. "Morry's Deli". Chicago Reader. Retrieved 2016-09-05. in the mid-1970s—when you might have found college student Suze Orman working behind the counter for her dad, the original owner...
  10. Cantor, Danielle. "Successful Women: Suze Orman". Jewish Woman (Fall 2004). Jewish Women International. Archived from the original on 2008-09-23. Retrieved 2007-05-30.
  11. Bloom, Nate (2004-06-11). "Celebrity Jews: Briefly noted". jewishsf.com. San Francisco Jewish Community Publications Inc. Retrieved 2007-05-30.
  12. Iwata, Edward (1999-05-04). "Personal finance guru Suze Orman is keepin' it real despite her astounding success". San Francisco Chronicle. Retrieved 2007-05-30.
  13. ^ Post to Wall. "Suze Orman receives honorary degree, addresses University graduates". Dailyillini.com. Retrieved 2012-06-16.
  14. University, Bentley. "Suze Orman, America's Most Recognized Expert on Personal Finance, Speaks at 91st Annual Bentley University Commencement". www.prnewswire.com. Retrieved 2019-08-01.
  15. "History from Orman's website". Suzeorman.com. Archived from the original on 2012-07-01. Retrieved 2012-06-16.
  16. Women & money: owning the power to control your destiny. Random House, Inc. 2007. pp. 27–28. ISBN 978-0-385-51931-1.
  17. ^ Andriani, Lynn (2003-02-24). "The Dollars and Sense of Suze Orman". Publishers Weekly. Archived from the original on 2008-09-20. Retrieved 2008-01-25.
  18. Orman, Suze (2008-06-05). Women and Money (TV-program). PBS pledge programming: PBS. Archived from the original on 2008-06-15.
  19. "How Emeryville became a boom town". USA Today. June 13, 1988. p. 8B.
  20. Goldinger, Jay (May 9, 1989). "Catastrophic Coverage Raises Some Questions". The Times-Picayune. New Orleans, Louisiana. p. E4.
  21. Goldinger, Jay (September 19, 1989). "Closed-end Funds Offer Good Value for the Investor". The Times-Picayune. New Orleans, Louisiana. p. D3.
  22. Dominus, Susan (2009-05-17). "Suze Orman Is Having a Moment". The New York Times.
  23. Stuever, Hank (27 March 2015). "So long, 'Suze Orman Show,' TV's only sane space in a money-crazed culture". Washington Post. Retrieved 16 December 2019.
  24. "The Best Parts of Kristen Wiig". Parade. 29 November 2018. Retrieved 16 December 2019.
  25. "SNL Archives | Impressions | Suze Orman". www.snlarchives.net. Retrieved 16 December 2019.
  26. "America's Money Class with Suze Orman", channelguidemag.com, 2012-01-09.
  27. Orman, Suze (January 6, 2010) Easy Money, CNN.com; accessed January 17, 2013.
  28. Orman, Suze. Moving Past Fear and Toward Success" Archived 2008-01-21 at the Wayback Machine, Your Business at Home Magazine, Volume 3, Issue 1, January 2008, pg. 36.
  29. "Internationally Acclaimed Personal Finance Expert; Host of CNBC The Suze Orman Show". KeySpeakers.com. Archived from the original on 2009-02-02.
  30. Littleton, Cynthia (November 25, 2014). "Suze Orman to Exit CNBC for 'Money Wars' Series with Telepictures". Variety. Retrieved 8 March 2015.
  31. Stuever, Hank; Stuever, Hank (2015-03-27). "So long, 'Suze Orman Show,' TV's only sane space in a money-crazed culture". The Washington Post. ISSN 0190-8286. Retrieved 2017-05-10.
  32. "U.S. Army Announces Partnership with Suze Orman". www.army.mil. Retrieved 2019-08-01.
  33. says, Pat (2018-10-08). "National Domestic Violence Hotline and Avon Partner with Suze Orman to Shed Light on Financial Abuse in Special Video Series "Women Breaking Free: Stories of Strength from Survivors of Domestic Violence"". The National Domestic Violence Hotline. Retrieved 2019-08-01.
  34. https://www.reuters.com/article/us-column-wasik/column-the-troubling-fine-print-of-suze-ormans-prepaid-card-idUSTRE80D03220120117
  35. Lieber, Ron (9 January 2012). "Suze Orman to Offer Her Own Prepaid Debit Card". The New York Times. ISSN 0362-4331. Retrieved 2019-03-18 – via NYTimes.com.
  36. Lieber, Ron (16 June 2014). "Suze Orman's Approved Prepaid Debit Cards Are Quietly Discontinued". The New York Times. ISSN 0362-4331. Retrieved 2019-03-18 – via NYTimes.com.
  37. Barrett, William P. "Sizzling Suze". Forbes. Retrieved 2019-12-17. {{cite web}}: Check |url= value (help)
  38. WarnerMarch 30, Joan; 2015. "Suze Orman Won't Stop Bashing Advisors". Financial Advisor IQ. Retrieved 2019-12-17. {{cite web}}: |last2= has numeric name (help)CS1 maint: numeric names: authors list (link)
  39. Halperin, David (2014-09-17). "VIDEO: With Senator Warren Watching, Suze Orman Denies, Admits, Rationalizes Teaching at University of Phoenix". HuffPost. Retrieved 2019-12-17.
  40. Halperin, David; ContributorAttorney; advocate; RepublicReport.org, writer at (2014-05-06). "Suze Orman Warns Against Private Student Loans, Yet Teaches at University of Phoenix". HuffPost. Retrieved 2019-12-17. {{cite web}}: |last2= has generic name (help)
  41. Lo, Malinda. "Suze Orman Comes Out" Archived 2007-10-01 at the Wayback Machine, AfterEllen.com, 2007-02-25.
  42. "Money maven Suze Orman comes out" Archived 2007-10-24 at the Wayback Machine, The Advocate, 2007-02-23.
  43. "Your New Trump". Suze Orman Show. CNBC.com. 2011-01-22.
  44. Moral, Cheche V. (February 26, 2012). "Helping people who can take care of themselves is not helping the Philippines". Philippine Daily Inquirer.
  45. "How I Get It Done: Suze Orman Gives Money Advice From Her Private Island".
  46. "NEWSMEAT ▷ Suze Orman's Federal Campaign Contribution Report". Newsmeat.com. Archived from the original on 2012-05-12. Retrieved 2012-06-16.
  47. Profile Archived 2011-06-22 at the Wayback Machine, newsmeat.com; accessed May 19, 2015.
  48. "Larry King Live" (transcript). CNN. 2008-01-02.
  49. Rowe, Jeff (January 23, 1995). "New on the Bookshelf". The Orange County Register. Orange County, California. p. D4.
  50. "Financial Writer Wants to Let Freedom Ring". The Times-Picayune. New Orleans, Louisiana. April 18, 1997. p. E3. Retrieved May 19, 2015.

External links

Daytime Emmy Award for Outstanding Culinary Show Host
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