Hi All,

Here is a quick clip of Alan Greenspan when we went on Jon Stuart’s The Daily Show a few weeks back. I’m posting it because Greenspan and Stuart get a nice rapport going and Stuart asks some provocative questions about macroeconomics. – The one I think most pertains to your personal finance is his question about saving versus investing. – a topic you might consider at more length. Stuart asked Greenspan if the Fed’s actions in cutting interest rates hurt savers and rewarded investors. Greenspan elegantly sidestepped the question, but its an enjoyable exchange nonetheless.

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1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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