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'Women don't understand money'
FINANCIAL GURU and best-selling author Suze Orman says she wishes she could marry her partner Kathy Travis, partly because it would save them both a lot of money. "Both of us have millions of dollars in our name," she told The New York Times Magazine
in its Feb. 25 edition. "It's killing me that upon death, K.T. is going to lose 50 per cent of everything I have to estate taxes. Or vice versa."
In a wide-ranging interview, the host of CNBC's 'The Suze Orman Show' talked about her seven-year relationship with Travis and her personal finances.
With a liquid net worth of about $25 million and real estate holdings of $7 million Orman said she enjoys spending money and playing the stock market. She said she has about $1 million in the market, "because if I lose a million dollars, I don't personally care."
Orman said, "women don't understand money. They will go into debt to pay for this and that."
Orman honed her financial skills as a vice president of investments at Prudential Bache Securities and as an account executive at Merrill Lynch. She has written five consecutive New York Times bestsellers including 'The Money Book for the Young, Fabulous & Broke' and 'The Courage to Be Rich', according to her bio on CNBC.
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