

Friday AM November 6th, 2009
| by: Ed Mayberry Personal finance broadcaster Suze Orman from CNBC will talk about the economic climate and how best to weather the storm in an upcoming Houston appearance. Ed Mayberry reports. listen now:
"Money is the foundation of everything right now. You're either happy or sad because you have money or you don't have money. So if there has ever been a time for a woman to be powerful about her money, it's right here and right now. Real estate that is down dramatically. You have 401 (k) plans that have become 201 (k) plans. Even though the stock market has recovered somewhat, it hasn't recovered to where it was in 2007. You have unemployment hitting approximataely ten per cent. It doesn't matter what programs happen to be in existance. All that matters is what you can do to save yourself." Orman says she's noticed something about those who come to her for financial advice. "So now the change is they're coming to me not with the fear of them losing their job, not with the fear of their portfolios going down, not with the fear of them buying a piece of real estate that may be wrong, but with the reality that they did lose their job, they did lose money in the stock market, they are in credit card debt. The credit card companies are absolutely — especially the ones from the banks — treating them so horrifically. The major banks, like Citi and Chase and Bank of America — all three of those banks should be so ashamed of themselves as to how they are treating the credit card customer. It's not even funny." The Texas Conference for Women is set for next Thursday at the George R. Brown Convention Center. Ed Mayberry, KUHF Houston Public Radio News. > view printer-friendly version listen to audio: > in your media player download audio: > podcast > iTunes > direct subscribe to audio category: > latest podcast > iTunes > return to previous page |