Suze Orman on Oprah and NBC this Week

Last night, Suze Orman was on both Oprah and the NBC nightly news.


On Oprah, she discussed the rumored recession we are in.

Money expert Suze Orman says recessions are a natural part of economic life. "People should be concerned more than worried," she says. "This is not the first time that we have had a recession. A recession is nothing more than a contraction. I'd like you to think about it like your breath. You breathe, you expand. And then you have to contract in order to have breath, in order to have life. Money is the same way. It has to expand and it has to contract for the economy to have life."

Suze says recessions will come and go—so it is important to be prepared. "People think, 'The economy did this to me. When is the economy going to change?' As if the economy is going to save them. And what have I always said? Only you can save yourself. Nobody can ever save you."
- Suze on Oprah

Suze also reiterated something I have said repeatedly by blaming consumers for wanting something for nothing. Consumers currently tend to want to own material possessions and live for now. You could see this in some of the questions asked by viewers and the studio audience. Almost every question, dealt with people wanting to spend their future now.

Suze Orman was on NBC’s Nightly News last night to, and is expected every night this week. She and Brian Williams mentioned how the current economic crunch times are especially tough on those with “fixed incomes.”

Most people define “fixed incomes” as the retirement incomes of folks in their 60s and older, and I am sure that was her meaning as well. Well let me tell you, I would love to have the income of those on "fixed income." Compared to the working poor, it is fixed pretty high. If the economy is especially difficult on them, it would be even more difficult for the working poor.

I won't be able to see her tonight, because of work, but it will be interesting to hear what she will have to say tonight. Also, I missed last nights segment on CBS on debt. It is amusing to see two network's doing a series on debt during the same week. Wonder if ABC is doing one to. Because of work, I won't be able to see CBS tonight, or most of the week, either.

---
go ahead share your thoughts with me now.



**Image from 1st National Bank in South Africa***





Get Paid to Sign Up, Refer Others, Read E-Mail, Complete Offers, and More!