Finance Guru Suze Orman Investing Time to Train Soldiers
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Orman, a best-selling author and television personality, plans to offer her services free of charge to Soldiers, including a seven-step online course, normally
"There comes a time in life when everybody has to serve their country, and they have to serve those that are giving us our freedom," she said at a news conference Wednesday inside the
Orman also discussed her desire to visit military bases to speak to troops in person during seminars.
"Nothing would make me happier than to personally go to every single base in the entire world," she said.
Having such a star in the finance world come on board for free has left many
"When our Soldiers don't have their hearts and minds on their job, it is not good for their security and for the team. And that's why we're so excited to partner with Suze," said Under Secretary of the Army
According to Orman, she tries to simplify personal finance tips to make them easier to understand.
For instance, she noted that if a 25-year-old Soldier began to place
"Those 10 years cost them
Besides retirement planning, her free online course available to all
With Orman's help, a video explaining the Blended Retirement System, which is set to be rolled out
As one of the biggest changes to military pay and benefits in 70 years, the BRS is expected to give some sort of portable retirement benefit to about 85 percent of the force, compared to only 19 percent today.
"We love our troops and their families. They are the corps of who we are as a team," Murphy said. "We want to make sure that they get the best advice as possible."
Murphy also hopes Orman's advice will steer cash-strapped Soldiers away from payday loan businesses that try to exploit them with high interest rates.
"We've cracked down on some of that, but really that's being reactive," he said. "What we're trying to do with Suze is to be proactive and let (Soldiers) know the tools that are out there."
This isn't the first time Orman has partnered with the
She said she's looking to work on these partnerships full time since she ended The Suze Orman Show on
"It's very difficult, in my opinion, to get true, honest, unbiased financial advice," she said. "It's almost as if everybody who gives you financial advice who's in the financial arena has something to gain from it. We need an unbiased source, which I will serve as."
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