Four Stages of Financial Development

My friend Mark is the type of person who regularly reads the business section of the newspaper, and I often go to him for financial advice. He has a well-paying job and owns a house. So I was surprised to learn recently that he didn’t start out being very knowledgeable or responsible with his money. In fact, Mark started out with credit card debt and car payments, just like many of us. Since then, Mark’s way of thinking about money has shifted as he has learned more and entered new stages of life, or “stages of financial development” if you will.

The Billfold Book Club: Suze Orman’s ‘The Money Book for the Young, Fabulous & Broke’

Reminder: The Billfold Book Club meets Wednesday, June 25

The Billfold Book Club Has Chosen: Suze Orman’s ‘The Money Book For The Young, Fabulous, and Broke’

Retirement Security Is Also About the People You Have In Your Life

Obviously we should all try to prepare our nest eggs for the kinds of lives we want to be living in the future, but I thought this interview by Chris Taylor in Reuters was interesting. The idea is that strong, secure relationships are just as important as socking money away because if, for whatever reason, your finances are wiped out, you’ll have people who care about you who can help you turn things around. I don’t always agree with Suze Orman, but I’ve always agreed with her mantra of “people first, then money, then things.”

A Father’s Dilemma: Saving for His Kids’ College Educations

In the Washington Post, Joe Heim, a father of a six-year-old son and a four-year-old daughter discusses a thing a lot of parents go through: Wanting to save for his kids’ college educations, but not actually saving for his kids’ college educations.

A Conversation with Helaine Olen About the Dark Side of the Personal Finance Industrial Complex

A conversation with financial journalist Helaine Olen about everything that’s wrong in the personal finance industrial complex.

A Brief Encounter with Suze Orman, Queen of Financial Media

She gave me a side eye, and slipped into my boss’s office.