Ep 4. Triathlete Can't Run From Her Debt
- February 12, 2005
- 40 min
Suze Orman is back with another episode of her hit show, The Suze Orman Show, and this time she is helping a triathlete who can't run from her debt. In season 4 episode 4, Suze meets Sarah, a triathlete who is struggling with debt. Sarah's passion for triathlon has led her to accumulate a lot of debt over the years, and now she is finding it hard to keep up with her expenses.
Suze starts by talking to Sarah about her finances and asks her a series of questions about her income, expenses and debt. Sarah shares that she has been living beyond her means and has been using credit cards to fund her triathlon training and equipment. Suze sees that Sarah's total debt is around $50,000, and she is only earning around $2,500 per month. This means that Sarah's debt-to-income ratio is very high, and it will be difficult for her to get out of her debt hole.
Suze then advises Sarah on what steps she can take to reduce her debt and manage her finances better. She starts by telling Sarah to stop using credit cards and focus on paying off her debt. Suze also advises Sarah to create a budget and stick to it, so she can keep her expenses under control. Sarah agrees to follow Suze's advice and starts making changes to her lifestyle.
Over the course of the show, Suze shares other tips and advice with Sarah on how to manage her finances better. She talks about the importance of having an emergency fund, so Sarah can be prepared for unexpected expenses. Suze also advises Sarah to start saving for retirement, so she can have a comfortable future.
In addition to giving Sarah advice, Suze also brings on guests who share their own stories of how they overcame debt and financial struggles. These guests offer tips and advice that Sarah can use to help her get out of debt.
As the show progresses, Sarah starts to make changes to her lifestyle and takes Suze's advice to heart. She starts cutting back on her expenses, reducing her debt, and saving for her future. Suze checks in with Sarah regularly to see how she is progressing, and by the end of the episode, Sarah has made significant progress in reducing her debt and improving her financial situation.
Overall, season 4 episode 4 of The Suze Orman Show is an inspirational and informative episode that offers valuable advice to anyone who is struggling with debt. Suze's practical tips and advice can help viewers to take control of their finances and improve their financial health. So, it's a must-watch episode for everyone who is struggling with debt.