Weekend Scoop: Disappointment Edition

by Kay Lynn

#14 Disappointment

Were you disappointed when Mark McGuire admitted he used steroids?  It tarnished his records and entire career and turned many fans away.  That’s how I felt recently about a personal finance guru.

Not only did Suze Orman pitch a questionable pre-paid debit card but what took the cake for me was the way she handled criticism.  She resorted to insults and name-calling when personal finance bloggers called her out on the endorsement.  Girlfriend, I will miss you.

Recommended Reading

This week’s recommended reading includes a round-up of posts about the Suze Orman brouhaha from Sweating in the Big Stuff.  Other favorites include:

2012 Looks Like a Good Year for the Stock Market @ Hope to Prosper

Top 5 Reasons Why Baby Boomers are Screwed @ Yes, I am Cheap

How to Save Money on Dieting @ Frugal Confessions

How to Find Unlisted Jobs and Win Every Salary Negotiation @ Wise Bread

Carnivals and Roundups

Carnival of Financial Planning – Edition #218 @ Personal Investment  Management & Financial Planning

Yakezie Carnival: Better Late than Never Edition @ Broke Professionals

Canadian Finance Carnival #70 @ Canadian Finance Blog


Yes, I am Cheap is celebrating three years in a blogiversary giveaway with many prizes.  I’m happy to be one of the sponsors.  Enter by January 29th.

There’s a one year blogiversary giveaway at Money Spruce with three prizes including $100 cash!  Enter no later than January 30.

Frugal Beautiful is giving away a handbag by Chocolate Handbag.  Entries close January 27th.

Six month subscription to All You magazine plus a cookbook is the prize at Surviving & Thriving this week.  Enter by Monday evening.

Cash Flow Mantra is celebrating 100 posts with 3 cash prizes totaling $150.  Enter by January 24th.

Who wouldn’t want to win $50 cash?  Hurry and enter at Daily Money Shot before it ends today!

The Penny Hoarder is giving away an 8 gb iPod touch.  Enter here by February 8th.

Enter to win a $50 Amazon gift card at Super Frugalette.  This one ends January 31st.

photo by mthaeg

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Dr Dean January 22, 2012 at 12:38 pm

You have to wonder about Orman. She just went on and on in that extraordinary public exchange. Crazy maybe?

Derek January 22, 2012 at 1:43 pm

Oh Suzy Orman….. I can’t believe that she was calling people names either! Oh well, we all make mistakes. I’m sure she’ll bounce back and be better than ever! 🙂

Jackie @ freeismylife January 22, 2012 at 4:26 pm

I am just having a very hard time with all this. I have been following Suzy Orman for many years and she has always been very stern in her approach to debt. This is a woman who when she came to Detroit, cornered an engaged couple who happened to be in the same room as her, and told them they were “stupid” if they did not both get prenups. At any time in her career, she could have sold out to back many offers like this – and she didn’t. Why now when she really does not need the money would she risk her reputation for this prepaid debit card? It makes zero sense.

Super Frugalette January 22, 2012 at 7:50 pm

Thanks for the mention.

MoneyforCollegePro January 23, 2012 at 4:52 am

Thanks for the mention!

So You Think You Can Save January 23, 2012 at 5:26 am

Suze Orman has always been entertaining, but I’ve found my perception of her stops there. I never have taken her seriously when it comes to financial advice, because I know it’s about the ratings and entertainment value. So while this was disappointing, it was no surprise. I guess I just had lower expectations to begin with!

Kay Lynn January 28, 2012 at 7:21 am

@Dr. Dean, I do wonder what made her snap. Maybe it was just the wrong day.

@Derek, probably but I have never felt the same about Tom Cruise after he went a little crazy on Oprah and then badmouthing Brooke Shields.

@ Jackie, I hope it’s just that she got bad advice. It doesn’t make sense. Her reputation isn’t worth the amount of money she’s getting.

@ Super Frugalette and MoneyforCollege Pro, You are both welcome!

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