Jean Chatzky is one of the nicest people to whom I’ve ever talked and one of the most practical. In her book Make Money, Not Excuses she talks about how to quit keeping yourself from financial success by making every reason not to.
Her words are honest and easy to apply, but don’t think Jean found all this out by research and reading it in school, she’s gone through her share of financial trip-ups and lessons of hard-knocks.
In the 1980’s she was fresh out of college and living in New York City. “It was a big deal that I had a job in New York at the time. I made $11,000 a year, but I also had to work part-time freelancing stories and tutoring.” She said credit card debt increased and she worked harder to pay it off, but didn’t seem to get any where.
Then relief happened, or so it seemed. “I’d worked a place where I’d been putting money away for my 401K, so when I changed jobs, instead of rolling it over to my new job, I had them send me the money and I botched my 401K money.” Spending it on paying off some of her debt and simply spending it, she says now how big of mistake that was. “I should have kept it in a retirement plan.”
A few years later, she married, but the financial duties were not an equally divided job. “He did the financials and it wasn’t equally shared.”
Since then, she’s had two children, divorced and found her voice. You’ve probably found her voice as well, on XM Radio Channel 156, Oprah and friends everyday at 11a EST.