The Donald Vs. Suze: Financial Guru Face-Off

  • The personal finance wizards

    Where do you get your financial advice and wisdom from? Parents? Friends? There’s a handful of prominent personal finance personalities that provide all the financial answers for many Americans. They’re on TV and the radio, and their books are almost always best sellers. Here we've highlighted a few of the most prominent ones and provide a bit of background, as well as a rundown of their core beliefs... Photo Credit: amagill
    Suze Orman
  • Suze Orman

    BACKGROUND: Suze Orman is host of The Suze Orman Show on CNBC, which airs Friday, Saturday and Sunday. She is a contributing editor to "O" The Oprah Magazine and frequently appears on major national programs. In July 2009, Forbes put her on their list of Most Influential Women in Media. Photo Credit: SuzeOrman.com
    Suze Orman
  • Suze Orman

    CORE BELIEFS: Her famous slogan is "People First, Then Money, Then Things." She frequently airs this view on her show and when making media appearances. In Suze Orman's 2009 Action Plan, she prepares readers for whatever financial crosswinds may come their way. She says, "No one can control external events, but you do have absolute control over the most powerful tool: your will to make the smart and right choices that will insure your financial security, no matter what happens." For this reason, she advocates a strong "Save Yourself" emergency fund to prepare for unforeseen financial hardships.
    Donald Trump
  • Donald Trump

    BACKGROUND: If you don't already know who The Donald is, you were clearly raised by wolves, in a fallout shelter without cable. Trump's media saturation is pretty high; his NBC show, The Apprentice, will be going into its sixth season and Trump is also frequently on national programs such as CNN's Larry King LIVE to sound off on economic and investment issues. Photo Credit: Trump Organization
    Donald Trump
  • Donald Trump

    CORE BELIEFS: Trump is a big believer in decisive, bold action... the title of his popular book, Think Big and Kick Ass in Business and Life, should give you a clue. In the book, he covers the importance of written contracts, where "revenge" has its place in the business world, and how to build momentum for your business or finance projects. Those in search of a penny-pinching formula should look elsewhere; Trump's "think BIG" philosophy leaves little room for hand wringing.
    Robert Kiyosaki
  • Robert Kiyosaki

    BACKGROUND: In his famous book Rich Dad, Poor Dad, Kiyosaki shares a personal finance dichotomy through the use of his "rich dad" (his friend's father, a wealthy entrepreneur) and his "poor dad" (his actual dad, a government bureaucrat). He uses personal anecdotes and advice from both men to highlight a more empowered, wealth-centered view of generating income. Photo Credit: RichDad.com
    Robert Kiyosaki
  • Robert Kiyosaki

    CORE BELIEFS: It all really comes down to this: "The poor and middle class work hard for their money. The Rich have their money work hard for them." His book Rich Dad, Poor Dad is still a popular personal finance read, and his new one Rich Dad's Conspiracy of the Rich is #8 on The New York Times bestseller list. He believes that the wealthy use money in fundamentally different ways than the middle and working classes. While many people live paycheck-to-paycheck, Kiyosaki believes in savvy investments that produce income. He also deeply distrusts government spending; he prefers the "honesty" of an entrepreneur who always looks to cut unnecessary costs and processes.
    Ali Velshi
  • Ali Velshi

    BACKGROUND: Velshi is CNN's no-nonsense Chief Business Correspondent, who frequently hosts finance-related specials on CNN and regularly appears on the network. He tends to keep an upbeat tone and brings rational insight to personal finance issues. Velshi is also the author of Gimme My Money Back: Your Guide to Beating the Financial Crisis. Photo Credit: Eric Schwartzman
    Ali Velshi
  • Ali Velshi

    CORE BELIEFS: Unlike some personal finance wizards, Velshi focuses his book on "straightforward" tips for getting back on the path to financial prosperity. He isn't a philosopher or a self-help guru; he's a newsman, and his talents for breaking down complicated concepts into easy-to-understand investment advice shines through here.
    Jean Chatzky
  • Jean Chatzky

    BACKGROUND: Chatzky frequently appears on national programs such as NBC's Today Show and MSNBC's Morning Joe. She is also a Wall Street Journal and BusinessWeek bestselling author. Photo Credit: IECA
    Jean Chatzky
  • Jean Chatzky

    CORE BELIEFS: In her book Pay It Down!, Chatzky offers readers an easy-to-follow path to debt reduction. She also provides a free tip each day on her Twitter feed: "before tackling your debt-assess the problem. Think back to the start of the trouble. Then assess EXACTLY how much debt you have," is one of her most recent advice-laden tweets. What's her actual secret to debt freedom? "It's possible for most of us to get debt-free by saving $10 a day for three years," she asserts in Pay It Down! (MainStreet did the math and it makes sense: $10 x 365 x 3 = $10,950, which is higher than the average credit cardholder's debt...) Speaking of finance gurus, check out our recent interview with Jim Cramer!
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