General Discussion

tinrobot

(10,927 posts)

63. In other words - stop drinking Starbucks so your CEO can have a second yacht.

Sun Mar 17, 2024, 12:55 AM

Mar 17

You can cut out all the Starbucks you want, but after a while, there's nothing left to cut. The best way to retire is to make more money.

Suzy is just perpetuating the acceptance of low pay as normal. And she rarely mentions that women get paid less. If women got paid the same as men, they might be able to have a Starbucks every once in awhile. And... if everyone actually got paid what they were actually worth, retirement wouldn't such a big issue.

Instead, CEO pay keeps rising while relative wages don't keep up. And so, we get advice to cut out the Starbucks instead of asking for a living wage. Pathetic.

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Did anyone else watch Mika's interview with Suzie Orman today on Morning Joe? [View all] CTyankee Mar 15 OP

Singling out one particular business is essentially calling for a boycott. madaboutharry Mar 15 #1

You're correct snowybirdie Mar 15 #2

Suzie Orman is a con artist. Marcus IM Mar 15 #3

I remember seeing comments about the con artist here on DU some niyad Mar 16 #40

Yikes, I didn't know this! BigDemVoter Mar 16 #45

I caught her act several times, and managed about two minutes. She niyad Mar 16 #46

Suzie Roman? Here all Suzie Orman is suggesting is to put away a few dollars regularly... brush Mar 16 #52

Thanks for pointing out my misspelling. Marcus IM Mar 16 #59

I have to disagree angrychair Mar 16 #61

Nuts. It's the same principle as investing on the job in a 401k. brush Mar 17 #62

In principle angrychair Mar 17 #65

Again, if you invest $8.00 a day, what StarBucks costs now... brush Mar 17 #67

Putting your $5 dollar-a-day coffee money into a savings account for 40 years... LudwigPastorius Mar 17 #64

See post 67. It's the 401k principle. brush Mar 17 #66

Her point was don't spend your money on DURHAM D Mar 15 #4

That's the way I saw it. RubyRose Mar 15 #5

+10000 BannonsLiver Mar 15 #9

Agreed. "Starbucks" was shorthand TheProle Mar 15 #10

I get the point, but if those were the numbers she used, she's way off. Scrivener7 Mar 16 #12

Where can I get 7% compounded interest? crazylikafox Mar 16 #18

The S and P has averaged higher than that for Scrivener7 Mar 16 #23

That's from the stock market, not insured bank deposits crazylikafox Mar 16 #29

Rught Now... ProfessorGAC Mar 16 #36

But that's where you can earn 7% or more over the long run. Scrivener7 Mar 16 #60

She has been, according to articles I referenced below, talking about Roth IRA's niyad Mar 16 #41

"Figuring the coffee costs $5 per day" BannonsLiver Mar 16 #30

You Sure About That ProfessorGAC Mar 16 #35

Pretty sure, yeah. BannonsLiver Mar 17 #68

Funny That The Online Menu Says Otherwise ProfessorGAC Mar 17 #70

And one thing she did not mention, apparently, was that she thinks people niyad Mar 16 #49

thank you. I remember an article about this cally Mar 16 #57

+1000 GuppyGal Mar 16 #15

Sounds good to me, but elleng Mar 16 #53

Make your Rebl2 Mar 16 #56

I had a similar reaction zeusdogmom Mar 15 #6

It is simplistic advice. True, but kinda condescending. CTyankee Mar 15 #8

Lol! I hear you! The year I bought my first apartment I ate Frosted Mini Wheats for two Scrivener7 Mar 16 #13

You were taking the Kellogg's ceo's advice early. That man, who gets niyad Mar 16 #50

I agree with Susie. MOMFUDSKI Mar 15 #7

A friend of mine I used to work with in her Costme Shop.. ProudMNDemocrat Mar 15 #11

They've been giving this same advice for over a decade now. Arthur_Frain Mar 16 #14

The only folks who make money are Suzie Ormon and her ilk. Demsrule86 Mar 16 #22

Exactly. niyad Mar 16 #43

Exactly. niyad Mar 16 #42

It's smart advise since we all know that the majority of us do waste money on BS stuff. And she means Dunkin Donuts GuppyGal Mar 16 #16

Damn, what's a cup of coffee at Starbucks cost? Emile Mar 16 #17

I have no idea. I never go to Starbucks. I think Mika cited about $5-8. CTyankee Mar 16 #19

No one ever says men should skip Starbucks now do they? Demsrule86 Mar 16 #21

True! And that is why we should just get off the Starbucks shit. CTyankee Mar 16 #31

She has been yammering about Starbucks, and, apparently, avocado toast niyad Mar 16 #44

I despise Suzie Orman...who has gotten rich off of giving bad financial advice. Demsrule86 Mar 16 #20

100% MotownPgh Mar 16 #33

Yep. She's the female Jim Cramer. Brenda Mar 16 #34

Yes she is...she expects the little people to live with nothing and she lives off of those Demsrule86 Mar 16 #37

Exactly. niyad Mar 16 #48

Yes she is...she expects the little people to live with nothing and she lives off of those Demsrule86 Mar 16 #38

Exactly. niyad Mar 16 #47

Why can't it be "Morning Mika"? It would be more watchable. elocs Mar 16 #24

I prefer when Mika is off. She is just not MOMFUDSKI Mar 16 #32

Off Topic, But... ProfessorGAC Mar 16 #58

Didn't watch it, but she is right RandomNumbers Mar 16 #25

We're told to go for value investing, well that applies to products too bucolic_frolic Mar 16 #26

Makes sense. obnoxiousdrunk Mar 16 #27

Guess I'll end up poor since I hate Starbuck's coffee. sinkingfeeling Mar 16 #28

First of all, that is part of the same schtick she has been handing out for years, niyad Mar 16 #39

I didn't see it. I've watch Orman's show when it was on regularly. She gives practical tips. brush Mar 16 #51

That is certainly the key to financial success. I've been lucky enough to work for employers my entire career beaglelover Mar 16 #55

No, but... Mike Nelson Mar 16 #54

In other words - stop drinking Starbucks so your CEO can have a second yacht. tinrobot Mar 17 #63

It's a shame that women can't BOTH invest AND drink coffee Bucky Mar 17 #69

Compound interest calculator scipan Mar 17 #71

Saw this meme, and it seemed apropos: LudwigPastorius Mar 18 #72