5 Questions with...Suze Orman


5 Questions with...Suze Orman

Wednesday, Dec. 29, 2010

By Jeff Nuich
CSN Chicago Senior Director of CommunicationsCSNChicago.com Contributor

Want to know more about your favorite Chicago media celebrities? CSNChicago.com has your fix as we put the citys most popular personalities on the spot with everyones favorite local celeb feature entitled 5 Questions with...

On Wednesdays, exclusively on CSNChicago.com, its our turn to grill the local media and other local VIPs with five random sports and non-sports related questions that will definitely be of interest to old and new fans alike.

This weeks guestwithout question, one of the most popular and well-respected personal financial advisors in the world todayshes earned countless awards and accolades in her illustrious career and is as successful as they come in reaching her massive fan base via all forms of mediathis Chicago native can be seen every Saturday night at 8:00 PM & 11:00 PM CT on CNBC as the host and star of her very own showjust a fabulous woman whos one of our very ownhere are 5 Questions withSUZE ORMAN!

BIO: Suze Orman has been called a force in the world of personal finance and a one-woman financial advice powerhouse by USA Today. A two-time Emmy Award-winning television host, New York Times mega bestselling author, magazine and online columnist, writerproducer, and one of the top motivational speakers in the world today, Orman is undeniably Americas most recognized expert on personal finance.

Orman is the contributing editor to O The Oprah Magazine, the Costco Connection Magazine and for the last nine years host of the award winning Suze Orman Show, which airs every Saturday night on CNBC. Over her television career Suze has accomplished that which no other television personality ever has before. Not only is she the single most successful fundraiser in the history of Public Television, but she has also garnered an unprecedented seven Gracie awards, more than anyone in the 35-year history of this prestigious award. The Gracies recognize the nation's best radio, television, and cable programming for, by, and about women.

In October 2010 Forbes honored Orman as one of The Worlds 100 Most Powerful Women. In May 2010 Orman was presented with an Honorary Doctor of Commercial Science degree from Bentley University. In that same month, Orman received the Gracie Allen Tribute Award from the American Women in Radio and Television (AWRT); the Gracie Allen Tribute Award is bestowed upon an individual who truly plays a key role in laying the foundation for future generations of women in the media. In October 2009 Orman was the recipient of a Visionary Award from the Council for Economic Education for being a champion on economic empowerment. In July 2009 Forbes named Orman 18th on their list of The Most Influential Women In Media. In May 2009 Orman was presented with an honorary degree Doctor of Humane Letters from the University of Illinois. In May 2009 and May 2008 Time Magazine named Orman as one of the TIME 100, The Worlds Most Influential People. In October 2008 Orman was the recipient of the National Equality Award from the Human Rights Campaign. In April 2008 Orman was presented with the Amelia Earhart Award for her message of financial empowerment for women. Saturday Night Live has spoofed Suze five times during 2008-2010. In 2007, Business Week named Orman one of the top ten motivational speakers in the worldshe was the ONLY woman on that list, thereby making her 2007s top female motivational speaker in the world.

Orman who grew up on the South Side of Chicago earned a bachelors degree in social work at the University of Illinois and at the age of 30 was still a waitress making 400 a month.

1) CSNChicago.com: Suze, thanks so much for taking time to share a few minutes with us. Lets get right to itWe couldnt be prouder to say you were born and raised in our great city. Whats your fondest memory about growing up in Chicago?

Orman: There are way too many for me to recount in the space allotted, however, my favorite would have to be during the summer riding my bike all by myself from 81st and Oglesby where I lived to LaRabida and sitting there and watching the boats go by on Lake Michigan. It was warm, beautiful and it allowed me to daydream about the what if's of life. And when I think back about the what if's that happened to me...all I can say is WOW! Here's to daydreaming at LaRabida!

2) CSNChicago.com: You grew up on the south side of Chicagois it safe to assume youre a White Sox fan or did you grow up rooting for the north side Cubs as well?

Orman: My dad was hard of hearing and back then, the hearing aids were not as great as they are today... so when my dad watched TV everyone in the family watched what my dad watched, whether they wanted too or not.

The TV was so LOUD!

I suppose, it was just easier to go and sit with him and enjoy our only TV and watch the White Sox, Bears and Blackhawks, screaming for Bobby Hull! And yes, every now and then we even turned on a Cubs game. However, to this day, I am an avid sports fanjust ask Coach Lovie.

3) CSNChicago.com: Youve been a crusader in helping young career starters get out of their financial crises via your on-going advice and best-selling book The Money Book for the Young, Fabulous and Broke. For most young adults, its either student loan andor credit card debt thats really hurting their financial advancement. What are your Top 3 keys in helping young adults get out of their financial debts right now?


1) Don't get in debt to begin with. But if you are already in debt, don't think you can ignore your debt, for you can run but you cannot hide. You have to face it to erase it. So the first tip is to tell everyone you know how much debt you have. Why do I want you to do this? Because if you do, then others will start to be honest with you as well, as you will all realize that none of you have any money. So there is nothing wrong with not going out to spend money you don't have to impress people you don't even know or like. Use that money to pay down your debt. When you get honest about who you really are, what you have starts to increase. Don't believe it? - then just give it a try.

2) Make paying off your student loans that carry an interest rate above 4 your number one priority in your financial life. Student Loans cannot be discharged in bankruptcy (in most cases). So while you may think that you are getting away with not paying your student loans you most certainly are not. The loan companies are just waiting till your 40,000 of student loan debt grows to 100,000 or more and then you can bet your little bippy that you will hear from them. They can garnish your wages to get that money; they can even, as you get older, take your social security check. So you best get on those student loans right now do you hear me! Don't wait - and pay them down now. By the way, what is a bippy?

3) If you have credit card debt on a credit card with a major bank and if you have a good FICO score (anything above 720), you should consider doing a balance transfer to a credit card issued by a Credit Union. Did you know that federally chartered credit unions cannot charge you more than 18 interest by law on your credit cards? Hmmmmcompare that to the 29.9 you may be paying on some of the major banks credit cards. Not all credit unions credit cards are created equal, so go to creditcardconnection.org to find a great credit union near you. And yes, anyone can belong to a credit union.

4) CSNChicago.com: Although things appear to be improving, what are your general thoughts on the Obama administrations handling of our nations financial crisis and is there hope in your opinion that national financial stability will once again take hold in the near future?

Orman: If you are willing to get involved in your own financial affairs and not wait for the government to save you, the economy to save you, the stock market or gold market to save you - and you believe that you have what it takes to save yourself - then you will be just fine. At times like this, you need to learn to live below your means but within your needs. That word was BELOW your MEANS not WITHIN THEM. As far as the President? Well, to find fault or praise with anyone at this point in time does no one any good. What can help is you making the decision that you are going to get involved with your money and help yourself create your New AMERICAN DREAM.

5) CSNChicago.com: Naturally, we all know money doesnt equal happiness, but what would you say to someone who says to you: Money is the root of all evil.

Orman: I would say. You are so DENIED. Are you kidding me! Money itself never did anything to any of you. It can't - it is just a piece of paper! It does not cry when you rip it. It does not call out to you to say "hey you lost me." Money is nothing more than a physical manifestation of WHO YOU ARE. You go out and work for money. You invest, spend or save the money you earn. Without YOU, your money cannot do anything. So, if you think you are the root of all evil, then go ahead and think it. But that too is just a waste of your time. Here is the truth: Money alone will never make you happy, but lack of money sure will make you miserable.

BONUS QUESTIONCSNChicago.com: Thanks again Suze for sharing your time with us. Just one last question that we must knowwhat is Suze Orman doing for New Years Eve this year?! Please tell us

Orman: I will be in Los Angeles with all my friends at the OPRAH WINFREY NETWORK (OWN), watching this amazing network go live for the first time at midnight. I cannot wait. Now that is something to raise your glass to.

Orman LINKS:

Suze Ormans official website

The Suze Orman Show on CNBC

Suzes upcoming RadioTV appearances

Suzes financial Resource Center

Suzes Money Minded Moms site

Contact Suze

Michael Carter-Williams learns on the fly, thrives in Bulls debut

Michael Carter-Williams learns on the fly, thrives in Bulls debut

Ten days ago Michael Carter-Williams was the starting point guard for the Milwaukee Bucks.

Circumstances can change quickly in the NBA, as the 2013 Rookie of the Year found out when he was traded two weeks ago for the second time in his four-year NBA career. But Carter-Williams also realized just as quickly the value in carving out a role, and he made a great first impression on his coaches and teammates Thursday night in the Bulls’ 105-99 win over the Celtics.

The 6-foot-6 guard played a crucial role in the second half in slowing down a potent Celtics offense, and he provided an offensive jolt midway through the fourth quarter that helped push the Bulls to their first win of the season.

His numbers in 17 minutes won’t jump off the score sheet – he tallied five points, six rebounds and three assists – but his impact on the game was felt on both ends, and in his three stints he cemented himself as a key part of the Bulls’ rotation moving forward.

Carter-Williamas was thrown into unfamiliar territory late in the second quarter. Isaiah Canaan was the first guard off the bench for Fred Hoiberg, but after he missed all three of his 3-point attempts and the Celtics reeled off a 14-4 run to pull within three, 43-40, Hoiberg deployed Carter-Williams alongside starting point guard Rajon Rondo.

In the 10 days since Carter-Williams had joined the Bulls, his time in practice had been spent learning the point guard position. But with Rajon Rondo playing well in the first half, Hoiberg kept his starter in and substituted in Carter-Williams, a natural point guard, into a three-guard lineup with Rondo and Jimmy Butler.

Having Rondo next to him, Carter-Williams said, helped him ease into the Bulls’ offensive sets that wound up making a difference in the fourth quarter.

“He definitely helps me out a lot,” he said of Rondo. “He’s one of the smartest guys I’ve ever talked to about basketball, he knows everybody’s position, he’s a great point guard and I’m glad I get to learn from someone like him.”

Carter-Williams’ impact was felt immediately. The Celtics missed their next four shots, with their only points coming off free throws after Nikola Mirotic fouled Jae Crowder on a 3-point attempt. The Bulls pushed their second-quarter lead back to nine by the end of the half as Carter-Williams defended both Avery Bradley and Gerald Green.

That same substitution pattern followed late in the third quarter after the Celtics used a 14-5 run to pull within a possession of the Bulls. The Celtics took their first and only lead of the night on an Isaiah Thomas 3-pointer, but with Carter-Williams again playing next to Rondo the Bulls reeled off seven straight points to push the lead back to six, 75-69.

Carter-Williams opened the fourth quarter on the floor without Rondo, though Wade initiated most of the offense. Playing off the ball, Carter-Williams continued to press defensively while waiting for his opportunity to contribute on the other end.

And when he got his chance, he made the most of it. After missing his first four attempts, Carter-Williams was left alone on the left wing for a 3-pointer that he connected on. Butler then stole an Avery Bradley pass in transition and found Carter-Williams, whose floater in the lane pushed the Bulls’ lead back 12, 93-81, with less than 8 minutes to play.

[SHOP: Gear up, Bulls fans!]

When Thomas reeled off five quick points to pull the Celtics within five Hoiberg pulled Carter-Williams for Wade, who assisted on two consecutive Taj Gibson baskets before connecting on a 3-pointer with 26 seconds left to seal the Bulls’ home opener victory.

It was as successful a debut as a reserve point guard could have, with Carter-Williams logging the only positive rating (+3) among the five players who came off the bench for the Bulls. A 30-point first quarter allowed Hoiberg to play Carter-Williams alongside Rondo in the second and third quarters, and the results were evident, even with Carter-Williams playing a “new” position.

“I think it was tough for me because when I was first in there I was with Rondo, and so when he’s in there he runs the 1 and I play the 2,” he said after the game. “So a lot of times in practice I was learning the 1, and it’s pretty hard to learn everybody’s position in one week. So I was just looking for anybody to tell me where to go, what to do, and just try to make the best of it.”

Despite the unfamiliar spot on the floor, Carter-Williams did make the best of it. In nine minutes alongside Rondo, the Bulls’ defensive rating (points per 100 possessions allowed) was 99.1, an improvement from the 103.6 rating the team logged on the night. Carter-Williams’ individual defensive rating was 95.1, the second best number among guards behind Wade (89.8).

The numbers weren’t as solid on the offensive end, with Rondo and Carter-Williams together managing just 93.5 points per 100 possessions. But the Bulls’ surprisingly hot night from beyond the arc – 11-for-25 – allowed Hoiberg to focus more on the defensive end, where the Bulls wound up holding the Celtics to 99 points a night after they tallied 122 against the Nets.

And Carter-Williams still came up with two key passes late in the third quarter as the Celtics threatened. First he found Mirotic open for an 18-foot jumper on the left baseline. Then he grabbed a missed Wade layup and kicked it back out to Mirotic, who buried a 3-pointer in the final minute of the third quarter to push the Bulls’ lead to six heading into the fourth quarter.

“I love Michael’s game. He had a couple times where he had no idea what he was doing when I called the play, but that’s going to happen. He’s only been around the team a few days. But he played with a lot of poise,” Hoiberg said. “I like how he can get into the paint. He can get downhill. That’s something that every team wants.”

It’s an important year for Carter-Williams. In addition to him learning a new system on the fly, he’s in a contract year and said it’s a personal goal of his to cement himself as the backup behind Rondo.

With Jerian Grant inactive and Canaan sitting the final three quarters, Thursday night may have done just that. And whatever his playing time looks like going forward, or who he’s playing with, Carter-Williams is hoping to make the same impact he did Thursday night.

“I think I can really lead us no matter who’s on the court,” he said. “Whatever Fred thinks is best he’s going to do, and of course it’s a personal goal of mine to just be on the floor as much as I can.

“I was able to find my rhythm a little bit (in the second half) and just try to help the team. Defensively, whether it’s rebounding, getting steals; offensively, scoring or making the right pass or the right play.”

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