The Biggest Waste of Money - Suze Ormn

[Anonymous]

Anonymous wrote:Maybe she’s one of those people who doesn’t enjoy food—more of an “eat to live” person.

Or, Occam's Razor, she's just lying.

[Anonymous]

Like Kevin O'Leary telling people not to buy coffee out while he wears exclusively $6,000 custom-made suits. They just have to drop the peasants some breadcrumbs every now and then.

[Anonymous]

Anonymous wrote:In the same article she says her splurge is “private air travel.” I can eat out 1,000 times and still save more than she spends on one private air trip. On top of that, what exactly is she doing for food on all those trips with private air travel? Oh, right, eating out.

+1. She gets a meals included on those private flights, unlike the rest of us in coach that have to pay or bring our own.

[Anonymous]

I think it probably is the greatest waste of moneys for many of the poors.

I myself have been fortunate to make bank and have feasted in many of the world’s finest eateries, and I can tell you that I do not begrudge myself one single poached lark’s tongue. It was all paid for.

[Anonymous]

Anonymous wrote:I think it probably is the greatest waste of moneys for many of the poors.

I myself have been fortunate to make bank and have feasted in many of the world’s finest eateries, and I can tell you that I do not begrudge myself one single poached lark’s tongue. It was all paid for.

[Anonymous]

Anonymous wrote:Warren Buffet also lives very frugally for a person of his wealth. But Suze didn’t get her $75 million just by skipping her daily Starbucks. I think Elizabeth Warren was more accurate when she said high fixed costs like housing will be more of an impediment to financial success.

Buffet makes Orman look like a pauper.

She isn’t wrong — eating out is wildly expensive. However, life is meant to lived. There’s not much point to hoarding $75 million (or Buffet’s billions) if you don’t enjoy life

[Anonymous]

I agree with her. The only time Dh and I eat out is on vacation when we can’t cook. Even on car trips we pack really awesome sandwiches to eat in the car instead of stopping for McDonald’s.

We often host dinner parties so that we’re able to eat with friends, we just don’t enjoy eating out. I will say that it’s not often reciprocated. Typically the other couple (who we’ve had over for prime rib or smoked salmon or good meals) will invite us to a restaurant and we go Dutch.

I’m not into coffee shops because I just like plain coffee. I just can’t drink 500 calories like in those massive Frappuccinos.

[Anonymous]

That's ridiculous. Now I am very conservative with both. It is rare I buy a cup of coffee when I can make excellent coffee at home for a fraction of the price. I am picky about where I eat out and don't do it often, but it is a joy not to have to cook and to enjoy something I don't know how to make.

My parents were really frugal. Now so much money is getting thrown out the window as my sibling, random relatives and others try to get handouts and I can't prove cognitive decline enough to stop it.

Enjoy life within your means!

[Anonymous]

Anonymous wrote:I think it probably is the greatest waste of moneys for many of the poors.

I myself have been fortunate to make bank and have feasted in many of the world’s finest eateries, and I can tell you that I do not begrudge myself one single poached lark’s tongue. It was all paid for.

I agree with your first sentence. It’s a larger percent of their income than it is for richer people. I feel like the poor and the rich both eat out often. The middle class is cooking at home more. Our security guards at my work eat out every single day. I’m sure they enjoy it but damn. $20 for lunch is a lot when you make $20 an hour.

[Anonymous]

During COVID my husband didn’t a lot of time cooking. He was always good at grilling on the bbq but learned so many more recipes after subscribing to NYT cooking, listening to podcast and watching YouTube videos.

We rarely eat out now and all the money he has invested in new cooking things we have re-cooped. I feel like we save so much money now. Were t from eating out one to three times a week (so for a family of 4 that’s $400 a week) plus not getting take out twice a week (another $200).

So minus the cost of buying food to cook I think we save about $1200 a month.

[Anonymous]

She's not wrong, but we do it because we enjoy it.

[Anonymous]

I think it's a severe attitude by I mostly agree.

There was a time when I felt the quality and service at very high quality restaurants made going out a reasonable splurge -- because the experience was very enjoyable. So it was like a vacation. Not something I strictly needed to survive, but helped make life worth living.

So few restaurants meet this standard now. Even high end restaurants with expensive food. I can think of maybe 3 in DC that I view as worth the money in terms of experiences -- The Dabney, Masseria, and St. Anselm. And the latter two are in a neighborhood that I often find annoying to navigate and very unattractive in parts, which detracts from the overall experience even though I think the restaurants themselves are extremely good.

Many restaurants will charge $30 for an entree and tack on a 20% service charge while still pressuring you for a tip, and the food is okay and the service somewhere between okay and bad. We just stopped going out as a result. Why? And we have kids so we have to get a sitter for these meals, which basically doubles the prices. No way. It's a waste.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think it probably is the greatest waste of moneys for many of the poors.

I myself have been fortunate to make bank and have feasted in many of the world’s finest eateries, and I can tell you that I do not begrudge myself one single poached lark’s tongue. It was all paid for.

I agree with your first sentence. It’s a larger percent of their income than it is for richer people. I feel like the poor and the rich both eat out often. The middle class is cooking at home more. Our security guards at my work eat out every single day. I’m sure they enjoy it but damn. $20 for lunch is a lot when you make $20 an hour.

I have noticed that the Latino workers on the construction sites are visited daily by the food trucks, while the Korean painters bring their own lunch.

[Anonymous]

Anonymous wrote:Like Kevin O'Leary telling people not to buy coffee out while he wears exclusively $6,000 custom-made suits. They just have to drop the peasants some breadcrumbs every now and then.

+1. She owns a boat, which likely sits around most of the time. Don't take your advice from her.

[Anonymous]

Anonymous wrote:She knows these type of extreme statements get her attention, air time, relevance, clicks, book sales, product sales. She’s interested in her wallet, not yours.

Use your brain, look at your financial picture, and enjoy your life on your terms.

This. She has to say stuff like this to get free PR