Posts Tagged ‘Suze Orman’

Suze Orman Helps You Earn More And Keep It

Suze Orman hasn’t always been a personal finance guru. Her father, a Russian immigrant, owned a deli on the South Side of Chicago and when she was older, she moved to Berkeley, Calif., and became a waitress. When she was able to borrow enough to start her own restaurant, she lost all her money in about four months.

But Orman learned from her mistakes. She found out that the broker who had financially ruined her was dealing illegally, and she sued. She got all her money back and got a job at the very brokerage she’d sued, Merrill Lynch.

She went on to work at Prudential Bache, then started her own firm, and began writing books and giving financial advice on PBS and others until she got where she is today — with her own show on CNBC and frequent appearances on Oprah’s network (OWN), along with a shelf-full of best sellers and a wall-full of awards and honorary degrees.

Orman specializes in simple, no-nonsense personal finance advice, and recently gave some exclusive tips to AOL Jobs readers:

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20/20 Debates Whether Salaries Should Be Kept Secret

Suze Orman sees potential to remove the glass ceiling with open and transparent discussions about salary. If employers and employees have equal access to salary information, negotiations can be more effective and satisfying. She comments that we already practice ‘safe sex’, why can’t we practice ‘safe money?’

Check out her interview in the 20/20 segment regarding salary transparency:  http://abcnews.go.com/Video/playerIndex?id=6668520.

Also check out the interview in the 20/20 segment with Penelope Trunk, co-founder of Brazen Careerist. Interestingly, Trunk talked about the open salary discussions that occur within her company.

We’d love your feedback on the segment and opinions about whether salary should be more or less transparent.  Of course, we come down on the side of more transparency and it seems most employees share this sentiment.  In our recent survey of employed adults:

the majority (56%) of employees said they wish they had a better understanding of fair market compensation for their position; and
more than one in three (38%) of employees say they’d like to see more transparency related to compensation at their employer and within the local job market than has previously been available.

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