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Susan Orman is a financial adviser who dispenses her advice through books, motivational speaking, and television appearances. She was born in Chicago and although her bachelor’s degree is in social work, she worked as a financial adviser at Merrill Lynch. She later served as the vice president of investments at Prudential Bache Securities, and she founded the Suze Orman Financial Group in 1987.
In 2002, she began appearing on CNBC on her self titled program, The Suze Orman Show. She has also published several books on financial literacy that include The 9 Steps to Financial Freedom, The Courage to Be Rich, The Road to Wealth, The Laws of Money, and The Lessons of Life. Her book Women and Money generated nearly two million downloads when she offered it for free after appearing on The Oprah Winfrey Show. Orman also writes a regularly appearing financial advice column for Oprah’s magazine O.
While Orman did not receive a formal degree in finance or economics, her life experiences have contributed to her knowledge. Orman started out as a waitress and then borrowed $52,000 from friends and family to start her own restaurant.
Her training as an account executive for Merrill Lynch also gave her a significant amount of real world investing experience. In a 2008 interview, Orman estimated her net worth to be more than $10 million.
Orman now shares her real world experiences with millions to help them achieve the same financial success she has achieved herself. For her work, Orman received an honorary doctorate degree of humane letters from the University of Illinois at Urbana-Champaign in 2009.
In the following video, Orman talks about the three fatal financial mistakes that must be avoided at all costs. To find out what they are and how you can avoid financial suicide, check out the video below: