093 Financial Excellence: Handling Business Criticism, & Suze Orman’s Approved Card

17 Jan 093 Financial Excellence: Handling Business Criticism, & Suze Orman’s Approved Card


Financial Podcast for budgeting, debt free living and investing

Episode 93: How to Handle Criticism of your Business, Thoughts on Suze Orman’s Approved Card, Jan 10, 2012.

Today I talk about how I personally handle criticism and rejection in my business. I also offer my thoughts on Suze Orman’s new Approved Card.

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Don’t forget: Living In Financial Excellence airs LIVE every Tuesday at 10 a.m. CST. You can watch live and join the chat at financialexcellence.net/live-show

Show notes:

  • We have a new sponsor for the podcast. Mozy Pro for Business is a fast, simple way to back up your business so you don’t have to worry when your hard drive crashes.
  • For a long time, I’ve asked listeners to leave a review on iTunes so other potential listeners can decide if this is a good show to listen to. Well, we got a few not-exactly-glowing reviews. I talk about how I deal with the less-than-positive feedback.
  • I’ve also received negative feedback from clients. It’s easy to take that personally, but I share how I turn the negative feedback into something good.
  • Sometimes you don’t get any feedback from customers except that they don’t return your calls. It’s important to qualify your customers and clients in advance so you can avoid these situations.
  • I mentioned John G. Miller’s book, “QBQ: The Question Behind the Question in the show. Here’s a link to purchase his book and save some $$ on Amazon: [amazon-product align=”center” height=”250″ width=”150″]0399152334[/amazon-product]
  • Steve Stewart at Money Plan SOS wrote a great blog post about Suze Orman’s Approved Card on his blog. Rather than reinvent the wheel, I thought I would share Steve’s thoughts and add a few of my own. He did a wonderful job of breaking it down, and I appreciate him unknowingly saving me some work ;o).
  • A summary of my thoughts about Suze’s card? There aren’t any real benefits, and it costs you a monthly fee to have no added benefit. But there’s a lot of discussion on the show, so you’ll have to listen in for the specifics.
  • You can influence what we talk about in future shows. Simply fill out this three-minute survey.

Like what you hear? Visit the iTunes store and leave a review or leave a comment below. Or call our listener feedback line and leave a voice message that we can share on the air. As always, we appreciate your feedback!

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5 Comments
  • Carnival of Financial Planning – Edition #220 – January 20, 2012 | Credit, Eh - The Credit Card & Personal Finance Blog of CreditCardsCanada.ca
    Posted at 10:56h, 20 January

    […] Matt presents Handling Business Criticism; Suze Orman's Approved Card posted at Financial Excellence, saying, "A summary of my thoughts about Suze’s card? There aren’t any real benefits, and it costs you a monthly fee to have no added benefit. But there’s a lot of discussion on the show, so you’ll have to listen in for the specifics." […]

  • Little House in the Valley - Saving with a Plan
    Posted at 07:05h, 22 January

    […] in Financial Excellence: Handling Business Criticism; Suze Orman’s Approved Card – A summary of my thoughts about Suze’s card? There aren’t any real benefits, and it […]

  • Jay Gould
    Posted at 18:09h, 23 January

    The biggest misunderstanding about Suze Orman’s prepaid card, unfortunately stoked up by Orman herself, seems to be the notion that the Approved Card, as it is called, can help its users improve their credit scores. So it’s time we set the record straight: the Suze Orman’s card does not affect your credit score in any way, either positive or negative. Colleen Tunney-Ryan, a spokeswoman for TransUnion, a credit bureau that has partnered with Orman to provide her card’s users with access to their credit reports and scores, states it plainly: “It is important to understand that this data will not appear on any TransUnion credit report at this time.” I think that should settle it. Learn more here: http://blog.unibulmerchantservices.com/suze-ormans-prepaid-card-will-not-affect-your-credit-score.

    • Matt Wegner
      Posted at 09:43h, 24 January

      THANK YOU!! Great points Jay!

  • 095 Financial Excellence: Importance of your Personal Brand in Business
    Posted at 12:21h, 31 January

    […] mentioned back in Episode 93 that my show is black or white. You either love my rambling or you hate it. That’s because of […]