Watch CBSN Live

Suze Orman Watch (or Barf Patrol)

At first, I threw out my Sunday New York Times Magazine with Suze Orman on the cover. Then, I remembered that I needed the crossword puzzle, so I retrieved it from the recycle bin. I knew it was coming. I even sent my bosses a link to the article with the subject: :"I think I'm going to barf."

I can't tell you when I developed a special loathing for the "ubiquitous, telegenic personal-finance expert," but probably when I realized that she was going to corner the market on personal financial advice well before I ever could. But the envy of her success is only part of the story. I detest the way Orman talks down to people and shames them. I think of her as the Dr. Laura Schlesinger (no relation!) of finance.

Here's what"s curious about Orman: despite the stupendous, cross-promotional career that she has created and super-sized by Queen Oprah, Orman could not come close to stopping the personal credit fiasco that occurred over the past 10 years. That finger-wagging shtick was not enough to prevent many Americans from spending beyond their means. Nor will it get them out of debt.

Bless those souls who seek redemption in Sister-Suze... like other televangelists, she will keep sucking your wallets dry for the same regurgitated advice. In turn, you will feel better for investing $9.99 in your personal financial transformation.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.