1) I saw Suze mention the 3 percent savings rule during CIAI, but didn't know that that's her main barometer now, NOT emergency fund saved. Did she give a reason for changing? I mean a real, cojent reason, that makes sense. Not something she made up in her head. If she didn't, then that's another reason for me to stop watching the show as much.
2) Last night she responded to viewers who have said it's stupid for some people to call in about items they ought to know whether they can afford or not. She basically said, "People, some of these answers you ought to already know the answer to. You shouldn't have to call me to know these things." And, of course, she referred them to her website.
3) I also still don't believe most of the young adults in their 20s and 30's who say they've paid off their house, have no student loans, no debt, six figures in retirement, six figures in savings and 8 months or more in an emergency fund -- AND had NO HELP AT ALL, doing that -- no parents paying for college (or scholarship), no inheritance, no nothing...they just saved it all by denying themselves and the sweat of their brow. Yeah, right. I wish she would press people on that.
Perhaps she knows something that most of the general public does not. Like the TRUE state of our country's financial health. She can't exactly be allowed to make that public. (There's probably some method in her madness)
I've had my own suspicions regarding this country's bankruptcy status. And people think I'm crazy too.
The country could indeed be head in hell in a handbasket long term -- financially, morally, foreign involvement, and otherwise -- for me, that's all the more reason to try to do some of both....SAVE for later, AND live my life and buy treats I want today. And not deny one for the other.
To paraphrase a comment I once heard: Suze's advice is "whack."
Edited by selhars, Feb 19, 2012 @ 12:34 PM.