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Suze Orman: You Need $10 Million to Retire Early | Afford Anything Podcast (Audio-Only)

Frames Suze Orman: You Need $10 Million to Retire Early | Afford Anything Podcast (Audio-Only)

Description Suze Orman: You Need $10 Million to Retire Early | Afford Anything Podcast (Audio-Only)

Comments Suze Orman: You Need $10 Million to Retire Early | Afford Anything Podcast (Audio-Only)

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it's ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point Comment from : Anika Parvati

Suze tells it like it is She speaks from experience All the issues she brought up are real You will find out as you age You asked her a question, she gave it to you straight You were the one who did the interview If you wanted to have a conversation, you could and have interjected you don't know what you don't know I wish you prosperity in your journey as I know Suze would Comment from : Laura

I have been buying some stocks since the beginning of the year, but nothing substantial Why am I treating this poorly? However, people in the same profession are earning six figures on articles, which inspires me to aim toward becoming the first woman in my polygamous family to hit the million dollar mark I am perfectly aware that working harder to gain more money is expensive; Comment from : bahija rhafiri

If inflation comes back…! She nailed it Comment from : Carie Young

Orman NEVER studies finance or Econ in college Comment from : Joseph Johnson

I agree with Paula about not being argumentative had she argued and defended the movement, we wouldnt have heard all her opinions It's best to get views from both sides and decide for ourselves what's best for us 😁 Comment from : Jay Lam

In 2022 everything that she has said is true Comment from : Yah is my peace

Lol maybe with her spending habits Comment from : Oh Mahi

I Love Your channel! Comment from : Joseph J

Has Suze ever had a Real Job? I like ma y others have a hard physical Job! I work hard as Health Care worker, I am 60 a d I don't want to work to 65 let alone 70! She says we shud all work until 70? WE don't have cushy office jobs or tour on Book Sale Tours? Most Americans don't make Anywhere near the amount she Dismisses? $80,000 is Nothing? $2,000,000 is NOTHING! IF I HAD $40,000,000 Maybe? She is SO OUT OF TOUCH WITH REAL AMERICANS! Comment from : Joseph J

:) Comment from : Bacciagalupe

Unfortunately Suze is correct Comment from : Karl West

Why didn't you counter her during the interview or question some of the aspects of her view you think were extreme? I listened to the interview and I don't think you did Comment from : sara7mk

Suze is one of the greatest con artist in the financial world She con her way from being a waitress to becoming a financial gurus peddling her financial products Her informercials says people first than money Which translates to find the fools and rob them of their money Comment from : apollo_1

So, in her scenario, 99 of the population works up till the day of their funeral Comment from : Mexicolivingeveryminute

Susie, Good job selling fear to 99 of Americans Comment from : Scott Wang

Retire to South America with $24,000 dollars in dividends every year from closed end funds! Suze is so disconnected from the average person who can retire from the workforce with just $250k to $350k! Comment from : Escaped the Rat Race

What world does she live inbrShe sounds clueless She must just be talking about very wealthy people Not working people Comment from : Kimberly Anderson

Sounds like a lot of people Hate on Suze Let’s see where all y’all are and compare that to where Suze is…that’s what I thought If you THINK like a broke joke, you’ll BE a broke joke Aim higher people Comment from : Ronnie Eaton

I'm sure that taxes and inflation will go up those are good points I also think the 4 percent rule is not good enough to mitigate risks for an early retiree I think 3 to 35 percent is more realistic for someone retiring at 50 or so 10 to 20 million is a lot though That's just crazy Comment from : Travis

Thanks for calling her a financial "personality" and not a financial expert Expert she is not She doesn't even sound like one the way she constantly speaks in generalities Experts talk real numbers and introduce well thought-out concepts She doesn't even sound educated Comment from : JuanCarlos Montes

This is nuts! It seems Suzy tho is everyone should work to 70 plus That means the average person may only get a 10 year retirement and some even less What good is 10M plus if you are dead? She has clearly lost touch with reality!!! 30k a month for help when old Nutty!! How does someone needing assistance in their 90s need 350M a year to live?? In what universe?? I retired at 56 and totally happy living on 40-45k (30k would take care of my necessary expenses) AFTER TAXES! Much happier and healthier than working at my high paying job! I’ll take this life any day! Comment from : JD Thompson

She's all doom and gloom! Comment from : DRC

I didnt even listen to the interview but I knew it was going to be ridiculous I agree with one of the comments you read about why she is in such disagreementthat would mean no inr needs to buy her brand Think about itmore financially set peopleless people needing these "gurus" Comment from : Tee Phillips

She is the same as Dave Ramsey Though they have some good points, I feel like they are a couple of boomers telling us how to live life Well boomers have not exactly made good decisions with their money Plus look at how they continued to mess up our financial institutions Scare mongers to make you live forever Comment from : Ginger Marcos

"You need 10 million to retire" WTF? What planet are you living on? Comment from : Chimegirl

She remindedes me of fire Marshall bill Comment from : Trey Garver

I’m so proud of this community Comment from : Mixed Bag Clips

If you had the income to race to 2 million in your 30s it is true that it would be hard to cut back to 80k a year in income That’s an unfortunate reality Comment from : Brock White

That woman is clueless Comment from : Ben Den

Paula, you knew what you were getting when you asked Suze to come on your show All the Hollywood stuff, promoting her books, and shows and talking about how she is the queen bee! She is a larger than life show biz personality This is the horse you bought when you asked her on, and all the entertainment that came with it She is NOT like an ordinary person and if she was you wouldn’t have had her on the show! That would not make good TV, (or good radio/podcast) Comment from : Cthames123

So annoying Paula is “so impressed” with the responses How stupid did you think we were? Comment from : Cthames123

What Suze is saying is solid It is very hard explaining the frequency of “extreme black swan” events to someone who has been well their whole life I think she is saying you should be careful about walking away from your job during your most productive (income producing) years Doing the best you can and keeping a job with good benefits helps one wade through life events that have a way of smacking one in the head You’re picking at her arguments but these points are real, Paula As far as the maturity/ intellectual caliber of the responses, you should have higher expectations of your audience We aren’t stupid and are not children! Suze comes with a personality but she articulated legitimate points that clearly challenge your mindset I wish your counter arguments were stronger and better refuted her points as opposed to focusing on personality rubs you had with her Comment from : Cthames123

bnervous chuckle/b Comment from : Sharon Lowe

she is a fraud just google Suze Orman fraud Comment from : maschngon

very nice and informative but isn't 10 million too much? I mean aren't we supposed to look at this on the level of every average worker? Comment from : Caihong Wei

Paula thank you for such a great opportunity to listen to a diverging viewpoint about FIRE Overall, I can understand the merits of both sides It makes sense to be able to enjoy retirement btw 30-40 years of age whereas a senior citizen However, I also believe Suzy raised some valuable areas FIRE advocates tend to overlook when it comes to insurance coverage, and a mosaic of unforeseen events that can quickly deplete your funds Moreover, everything is incumbent upon the lifestyle the retiree intends to adopt For me, $80K annually is not enough because I will be exploring the world and great cuisines To be able to afford that, I have put in place a multi-stream-income generator to finance my never-ending- investing strategy Indeed, I don't plan on drawing money at all because my businesses have been generating enough cash to cover all of my expenses and regular investments My ultimate goal is GENERATIONAL WEALTH Comment from : Aderson JeanFrancois

10 million dollars using the four percent rule gives you the equivalent of 400000 dollars a year for the rest of your life You don’t need anywhere near that much Comment from : randall mules

The host of this podcast is awesome but kind of patronizing in this video Continually telling her audience like little children how impressed she is and how awesome they are Comment from : True Freedom - World Travel

If your over 55 2 million is enough if you invest the money in real estate she’s nuts Haha work in area you love? People don’t allways have that advantage Comment from : Joyce Barnett

Australian author of the book " Barefoot Investor " said you don't need millions! He said having $300,000 in the bank at 60 or so is enough to retire on Comment from : Carer Forever

😂😂😂esta loca!😴😴😴 Comment from : Erika RNcorazon

Dumbass Suzie is concerned about AMERICAN HEALTHCARE 🤦🏻‍♀️🤦🏻‍♀️🤦🏻‍♀️ Dumbass suzie is a dumbass Comment from : The Penthouse

"2 millions is penny" Comment from : This Life USA

With 80000$ a year I'm sure that it's absolutely possible to live comfortably and even stack a good amount of precious metals coins or bullions with the spare money in case of black swan events Comment from : Gleb Golov

I like Orman, she can be brutal and I do agree with her that FIRE doesn't consider the risks Comment from : Isela Muñoz

No offense but I hear only sarcasm in your interview and feel you were searching for areas to promote yourself vs allowing Listeners to truly hear what she was trying to say I understand she was emotional but I think It was likely the environment she was interviewed in I will continue to follow Suze who has been my go to person for years and will continue to be into my retirement My family and I have enjoyed so many adventures in my working years and don’t feel I needed to retire early to do so I’m proud to be a contributing member of society I find value in what I do at work I couldn’t imagine being without the benefits I expect upon a full work career—guaranteed income—a full pension, healthcare, full social security, and long term care, and an annuity All which I focused on building because of Suze Main thing is it’ll put me in a position to retire without worries and still be able to help my family should they have a need, health or otherwise How many can say that retiring early? How are you contributing to others/society? Comment from : Cynthia McKeague

I could get hit by a bus going to work my self to death 😀 Comment from : Bryan Taylor

The reason why Suze hates the FIRE movement is because these are the people not buying her books or watching her on Oprah's channel FIRE people read from the people who have accomplished the FIRE movement and do not need Suze's advice anymore Don't get me wrong I used to be a huge Suze fan but that stopped when she pedaled the "Approved" Prepaid card That was a total crock of doodoo :) Comment from : Jennifer Larregui

I think she high Comment from : Bang Zul

She's bat crap nuts Her priorities are out of whack! Comment from : Mike Nomad

So what I got from Suze is that if you're a hard worker and work past your retirement age, nothing bad can happen but as soon as you retire early, catastrophes such as flooding, disability, hurricanes and sudden extreme high taxes due to AI will occur? Got it I won't retire early just to prevent these apocalyptic disasters from happening Comment from : JD l

She says you need up to  350k per year to live! Suzie is wacked! Comment from : k w

I think her choice of words and being sensationalistic and a bit extreme offended the audience who appears to be people who are smart, working hard to save and invest and are basically striving for a better life That said, and her severity aside, I think she’s right at a very basic level For me the key takeaway is do something you love, so you don’t want to retire early (and have insurance) and save/invest as much as you can so you have a bigger safety net at retirement and create a life you love at all phases of your life I do like the ringtone idea!! Comment from : Janet Kohl

If you're worried about bad things happening, buy insurance Buy long term care insurance Buy good health insurance BAM problem solved brbr$2 million liquid assets in 2019 dollars should be plenty for a reasonably frugal person to retire on today For a super stingy person, $1 million should be sufficient Comment from : 6 pack 6 foot 6 figs single somehow

Paula, I appreciated your interviewing style with Suze I wanted to hear Suze’s perspective Please interview people who have all sorts of opinions Don’t forget, Suze was usually emotionally charged at her CNBC show Money conjures emotions I think some of the comments show that people might be too sensitive here People have to hear other viewpoints Comment from : sciencelabvideos L

I think Suze is getting an unfair deal here because she is “ emotionally charged” I totally understand what she is trying to say I myself went through a unexpected serious incident in my late 30s and it set me back so much emotionally, physically and financially Life really threw me a curveballI ! I don’t understand why people are so against her She is a realist I think she might have blown the $5 to $10 million out of proportion I personally think you should work as long as you can with maybe a break here and there in your healthy years You stop working and your brain starts to go There are so many examples of unexpected life occurrences I’ve witnessed : in Houston I saw so many people lose their homes to Hurricane Harvey despite not living in a flood plain I have a friend who is 68 and just told me she hired personal assistants for per mom’s hospice care My dad had 3 surgeries at 71 A commented mentioned she should have mentioned insurance Dont forget! AIG almost went out of business in 2018! She did not seem condescending to me, but rather genuinely worried that people think $ 200,000 is enough to retire at 30! “Life is short and life is long! “ She can be a little dramatic, but I think it is meant to drive a point Comment from : sciencelabvideos L

Suzie is a fatalist, what if? What if technology destroys life as we know it? Well, on the Titanic it didn't matter how wealthy you were or were not Comment from : Columbus1152

Yes, she can retire because she coned you out of your money and thousands of people just like you I never fell short of all her lies God have you a brain, use it Lights camera action Comment from : Helen Boula

I need people to motivate me no to cause me stress like her mentality She is a con artist anyway Comment from : mario grajeda

The amounts of money she throws out, is unreasonable for anyone other than Oprah level wealthy people My kid goes to private school, and it costs less than her figures Almost no one goes to Harvard That isn’t a goal fo us Comment from : Lara Jernegan

"Enjoy the journey to FI"br"Fear is expensive" Comment from : jnsa

$10 million dollars LOL even if you're working till you're 80 you're not going to save that much even if you do, you're going to have to work your ass off and not spend a single dime Comment from : Yun Suk Chae

You were impressed with people's maturity in reaction ? I think people don't need emotional confort by watching videos of this kind, but they're mainly searching to see the 2 sides of the coin, so they could make up their own mind Therefore, it's your reaction that surprised me the most Comment from : diamone videos

Suze Orman is out of touch with the average income person in America People in the FIRE movement don’t need people like Suze and their products sold through fear Comment from : Brian Schoedel

We can’t forget to live and enjoy lifebut Suzie gave us all something to think about If you are defensive you may be a bit delusional Comment from : Angela Trendi

You seem to have a very emotional reaction to Suze I think that she is basically right Someone retiring in their 30's should have close to $10 million put aside Basically I think you should live only on your interest and not touch capital and have a large margin of safety basically spending only 50-60 of one's dividend income This is especially true if you have a family which depends on you Comment from : Jorge Ferreiro

First time ever heard her, what a horrible person, what planet does she live on Comment from : Col Kurtz

Wow Ya,ll just going to forget that prepaid card? She should be in jail Promoting her is unethical 100's of extreamly poor people lost their paychecks to this women Real families who bought into her prepaid card lost whole pay checks to it Unable to buy food or pay for rent they were also unable to recover the money through the company They lost it, they lost 100's of people's monthly pay checks Never to be seen again Meanwhile Suze was seen wearing a dresss made out of cash!! Cold hard cash! Maybe that's where all the money she lost went! Comment from : Denni Summerton

More idiocy from an ignorant mind The Fed has you running that treadmill day in and day out, keeping your brain from seeing the larger picture You’ll spend your whole life doing that, and maybe you’ll get a few months of social insecurity er I mean security before you kick the bucket Comment from : Nala

She really sounds like Trump Comment from : Diego Simoes

Retire early is the werong term It is living on your own termsEven though I earn much more than my brother I drive an older smaller car, don't have children and just never try to keep up with a Jones I have lived a full life and think I can quit my job anytime and do my own thing So it is different for every body Comment from : No Sheep

Suzy is so full of crap, but maybe her clothing budget explains it Peoples budgets are all over the map #1 No debt (car, house, nothing) If you have no debt, and an IRA that can produce annual income as your SS checks, you should be OK Comment from : billyrayband

I think I'm more offended at Paula being so overly impressed and shocked she has such a "mature" audience- Comment from : Jess Quint

dave’s up next lol Comment from : Uniform Health

Why are you policing her tone? Comment from : Grant Huling

Ugh Suze speaks from a viewpoint from which she cannot escape as a very wealthy person at 67 There are no guarantees in life, no matter what plans are made Suze misses the point of FIRE, or even of FI, which is about freedom to maximize the limited resource of time (remaining in your life) and reaching for happiness beyond doing what society (and marketers) say are the norms Do we work at jobs or in organizations that do not make us fulfilled/happy in exchange for a higher level of (insured) security? I have done it I'm only willing to do it to a point Comment from : batwood

Work until you are nearly dead in a job that you love how many people have jobs they really love? I define that as a job you would do even if you were not paid I reject the idea that ANYONE can financially plan for every possible scenario Even at 50 or 100 million Plenty of those people go bust too I retired 6 years at 45 before the FIRE movement- I spend on whatever I want in Thailand for about $2000 a month Less than half what I could spend I'd rather live now than later when I am unable to live fully Comment from : Grant G

Love Paula's approach to the interview and her responses She predicts the safety net will disappear and AI brings higher taxes so not enoughbrbrWhat is hidden behind Susie's words is her progressive view of herself and others in which she is the only person that can save the rest of usbrbrThe risks she details are possible but not highly probable based on existing data The expectation is to earned a live like the top 1 Comment from : Alberto Santa Barbara County CA

It's "jibe" not jive at 23:58 Agree this was a good interview and there were many good ideas to consider Comment from : MonK3yzUnkL

Suze please go into politics, run for president Comment from : Idiocracy IsHere

Suze is so out of touch with reality it's kinda scary Comment from : Timothy S

Not a fan of Suzy but we shouldn’t just dismiss everything she said Things to consider Be a student at all times Learn Comment from : xmochi x

Suze is miserable inside She has a toxic relationship with money And the FIRE community----WOW Just found my tribe 👏🏽🌈🦋🌞✌🏽👏🏽 Comment from : A R

For her to say $80,000 is nothing shows how out of touch she is with average people Speaking for myself if I had a paid off house, paid off car and no payments I would have a hard time spending $80,000 Comment from : LilannB

I retired at 53, living a great life in Thailand! she is clueless! 5-10 million lol Comment from : Darryl C

This woman is a scammer and con artist Remember her debit card? She’s full of lies Once a crook always a crook Comment from : Goat78

What is the saying? “Beware of old men [women] in an area where most die young” Be wise my friends Comment from : Ed in North Carolina

Suze had so much fun in her twenties--I am jealous What is wild, is I am more jealous of her fun traveling and working as a waitress when she was young than I am of her current private island lavish lifestyle now that she is a senior I guess I prefer the simple things I don't need to own an island to enjoy one :) Comment from : sarasuperid

lol Comment from : RiskyMath

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