Word: orman
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Many years later, Orman is the most recognizable personal-finance expert in the world, but she didn't get there on her own. The individual she refers to as "my K.T.," a.k.a. Kathy Travis, a 56-year-old former advertising executive and Orman's life partner, was key to her transformation into a financial self-help juggernaut. The two met when Travis moved to California after working for Ogilvy & Mather in Hong Kong. When they were introduced at a dinner party eight years ago, Travis explained that her expertise was in building brands, and Orman asked, "What...
...didn't know who she was, and I said, 'Well, how old are you?'" Travis recalled. Orman was 49 at the time, and Travis told her she had only five years left before she'd be too old to do much of anything, especially on television. "She got so taken aback that I think that is what intrigued Suze about me," Travis said. "That's kind of how it all started...
...anything other than a fixed-rate mortgage, real estate has hit its top." She paused and thought for a moment. "Although ... I really thought a real estate investment was the best investment you could make over time," she said, the closest she comes to acknowledging a mistake. Orman owns five homes, although she's not sure she'll make a profit on the last one she bought--a luxury apartment in New York City's Plaza Hotel, which she purchased for $3.6 million in December 2007, at the peak of the market. (At least she paid for it in cash...
...online diatribe by James Scurlock that recently appeared on the website the Big Money accused Orman of giving bad advice. The piece generated a flurry of attention, mostly among Orman defenders, who accused the author of twisting the facts. Orman said she was unperturbed. "When somebody is that off base and obviously so self-serving, I don't even let it bother me, because any intelligent person who reads it knows that he is doing it for the sensation of doing it," she said...
After her CNBC taping finished, Orman swept across the parking lot toward a waiting Town Car. Her longtime driver, Jean Germain, a strapping gentleman from Haiti, came rushing over to take a garment bag from her hands. In lieu of a bonus, last year Orman opened a retirement account for him and made the maximum contribution of $5,000. The cash is sitting in a money-market fund until she decides that the market has bottomed out. She plans to dollar-cost-average into exchange-traded funds and a few individual stocks, as she suggests doing in her books. (Read...