Actually if I had to choose one it would be Dave Ramsey, but even then, not so much.
I used to be a faithful viewer of The Suze Orman show, but lately Ms. Orman’s advice has gotten stale. She has a warped sense of what committed marital relationships are and seems to always suggest divorce as the answer to money issues. This past weekend was no exception. However, the reason I’ve decided not to watch her show anymore is because of how it makes me feel afterward. Her ridiculous requirement of working until you are 68, 69 or 70, or until you have millions in the bank or “denying” you for a a purchase because you don’t have $85,000 in your EF is utterly absurd. Do you really need millions to retire on? Really? No wonder I feel bad.
Dave Ramsey, on the other hand, can get a bit preachy. His rules about ‘no credit’ are a bit extreme, as I believe a good credit score can SAVE you money. However, saving money and paying down debt are honorable goals, and ones which will put anyone in better financial shape. I like his baby step plan, although I think he’s a bit optimistic about investment earnings. He believes that if you are invested properly, you could easily earn 12%. Really? I’m not so sure.
The bottom line for me is to not be sucked in by either one. Take what is useful and leave the rest.
Do you follow Suze or Dave? If so, what do you like/dislike about them?