Suze Orman Tweet Beef
Money gurus Suze Orman (Oprah gal pal) and Robert Kiyosaki of Rich Dad Poor Dad fame had twitter beef the other day over their financial philosophies.
According to the ABC News’ Business Unit, this is how the money mash up began:
Kiyosaki, the co-author of “Rich Dad, Poor Dad,” tweeted under the handle “theRealKiyosaki”…that he “can’t believe” Orman and said, “No way in hell she believes what she teaches.”
Orman, also an author and the host of a personal finance show on CNBC, shot back in all capital letters — the online version of yelling — and took a swipe at Kiyosaki’s emphasis on real estate investments.
At least, “I DID NOT LEAD MILLIONS OF PEOPLE DOWN THE PATH TO LOSE ALL THEIR MONEY IN REAL ESTATE AS YOU DID. SHAME ON YOU,” she wrote.
Kiyosaki responded with a dig at Orman’s retirement planning advice, saying, “If we are talking losses … how about the TRILLIONS lost through 401Ks.”
Regardless of the drama, what are your views on the best way to handle your financial life? I am Team Orman. Yes, you can find me on my couch watching her CNBC show, happily waiting for the “Can I Afford It?” segment. Yep, no shame in my financial game.
I think Orman has really good common sense advice for the masses. I have a 401(k). I do not own a home, and I know a lot more people who regret buying a home more than they regret saving in their 401(k). I read her book Young Fabulous & Broke. Loved it.
Kiyosaki needs to back up off Orman. He’s successful, too! No need to hate on Suze O. on twitter. BAD FORM!
There’s room for different financial philosophies. No one has the same financial foot print. Find what works for you.
Who are your favorite money gurus? Are you Team Suze or Kiyosaki? Who would you bet on in a fist fight? I think Suze would whoop Kiyosaki. She has an “eye-of-the-tiger-like stare.” heh.
10 Responses to Suze Orman Tweet Beef
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I’d imagine both Orman and Kiyosaki are probably wearing fake mustaches when they go in public nowadays. I’ve taken an “L” in real estate and 401k so right now I’m sticking money in under my mattress like Grandma used to do. Never figured Kiyosaki for a cyber-bully, though.
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I love Orman. She’s sharp and pointed and, most importantly, consistent. She gives advice that people need to hear — it is so common sense! She doesn’t try to be picky or fancy about it – she just says it.
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I’ve got to admit I am also a huge Orman fan…maybe I’m just a glutton for pain/schadenfreude during the “Can I Afford It?” segment, but I do think that most of her advice is really solid (emergency fund, living within your means, etc).
Either way…celeb twitter feuds? Pretty ridiculous…
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@Steve: Let me know how that mattress saving is doing. These days, I’m open to most things.
@Natalie: Yes, she is so real life. That’s what most of us need.
@Christina: Why are we so addicted to that segment? Most of us can’t afford it. I shudder to think what she’d do to me if I got on the “Can I afford it?” and asked for anything priced higher than a toothbrush. DENIED!
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I’m not actually a fan of either. I follow Michele Singletary on the Washington Post. I admit that right now, I’m not focusing as much on investing as perhaps I should, but I do know that my current focus on paying off my debt will have long term positive payoffs. And I do contribute to my 401k.
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I like Michelle Singletary, too! She’s the one who allowed me to stop thinking of my debt as a “house pet.” Liz Weston is pretty awesome, too.
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I’m not really familiar with Kiyosaki, but I did read the ABC article, and it appears he’s about real estate investing. I must say, I think both are inappropriate. Get a little decorum and don’t go into a grudge match on twitter. I think Suze Orman can be a little too high and mighty, professing other people with different philosophies of money management are just plain wrong. But, Kiyosaki’s take on money management (real estate as everything) seems ill advised.
I’ve heard Suze plenty, and I’m not a fan. I think anyone who listens to Orman should really listen to where she’s coming from. She’s about feelings, not necessarily money. And I’m about building wealth. I’ll call a therapist if I want to talk about my feelings. I don’t think the things she advises always maximize a person’s long-term or short-term wealth. She would rather you feel comfortable and have a modest level of financial security, rather than you feel somewhat uncomfortable while you did the wisest money things and end up a high-roller. So, to me, that’s not who I want to take advice from. I want a financial adviser who is all about the finances. Granted, if I say I’m uncomfortable with a certain level of risk, I’d want an adviser who was able to come up with an alternative. But, I get the sense, she starts at the point of her own comfort level to come up with financial planning/advice, not the goal of building wealth. It’s a decent approach, if that’s for you. However, she can’t criticize others for having a more straight-forward financial approach. Which she does often. And which is why don’t care for her.
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I am a fan of Orman, Gail Vaz-Oxlade and Michelle Singletary. I think the Twitterbeef is wrong on both sides, Suze should have ignored Robert. All of the internet rumors that surround him are enough to de-legit him in my eyes.
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@Rasheeda: Great comment! I think Suze Orman is at her best when she’s dealing with women who are newer to the personal finance game. She’s great for the masses. A lot of Americans are really poor with their finances. It’s not about building wealth but debt reduction and proper spending. Hopefully, I’ll be in the building-wealth phase soon. And yes, she can be a bit edgy.
She’s a smart woman who speaks to her audience.
@Converting: I am going to check out Gail. That’s a new name for me.
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I like them both. I do not have one guru to set my financial life. There are things I like about RK and SO
I’m open to all their suggestions
Steve