Posts Tagged ‘budget’

Teaching your kids how to handle money. This week on Your Financial Editor.

Thursday, November 15th, 2012

Money can’t buy your children happiness.  But giving them the skills to manage their money will allow them to take control of their future and work toward successful and satisfying lives.  Find out how to do this – tune in this week to hear my guest, Mary Hunt, author of Raising Financially Confident Kids, and she’ll tell us how to “debt-proof” our kids.

Listen from anywhere by logging onto WFMD and clicking the listen live button – Saturday morning at 8:00 on AM 930 WFMD.

About this week’s guest:

Mary Hunt, award winning and bestselling author, syndicated columnist and sought-after motivational speaker, has created a global platform that is making strides to help men and women battle the epidemic impact of consumer debt. Mary is the founder of Debt-Proof Living, a highly regarded organization consisting of an interactive website, a monthly newsletter, a daily syndicated column and hundreds of thousands of loyal followers. Now in its twentieth year, DPL is dedicated to its mission to provide hope, help and realistic solutions for individuals who are committed to financially responsible and debt-free living.As a speaker, Mary travels extensively addressing conferences, corporations, colleges, universities and churches at home and abroad. A frequent guest on radio and television, she has appeared on dozens of television shows including “Dr. Phil,” “Good Morning America,” “The Oprah Winfrey Show” and “Dateline.”Mary lives with her husband in Orange County, California.

 

 

 

 

 

 

 

 

Current Law vs. Alternative Fiscal Scenario???

Friday, February 10th, 2012

I’m a member of the National Economists Club , and Dr. Douglas Elmendorf, Director of the Congressional Budget Office attended our meeting this week.  I found this very interesting considering the former Budget Director of the CBO, Peter Orszag, attended a meeting of our NYABE club in Manhattan last year. 

It’s amazing to hear how differently things are presented from a current cabinet member of the administration than from a former cabinet member.  Dr. Orszag (now Vice Chair of Global Banking at Citigroup), was much more relaxed and frank. 

That was not quite the case for Dr. Elmendorf this week.  The Director was kind enough to walk us through about 17 slides of the past, current and future budget and economic data.  However, when it was all said and done, one theme (or disclaimer) dominated the hour long discussion; The differences between baseline projections (based on current law), and the alternative forecast were at times like night and day.  It’s almost like looking at things how they really are (baseline), and what you hope they turn out to be.

Of course, most of that divide lies (no pun intended)with politicians.  Let’s face it, if discretionary spending is not brought under control, we’re going to spend ourselves into chaos.

Some other comments by Director Elmendorf that caught my attention included: “We are only halfway through the downturn, we haven’t had such a high unemployment rate for so long since the Depression, economic recovery is quite weak and will continue to be so, and America’s problems can be solved if lawmakers take drastic action”.

No disrespect intended, and I mean that, but how ’bout we start with paring down the Congressional Budget Office that has 250 government employees, and a $45,000,000.00 annual budget!

That’s right, not a one time payment of $45,000,000.00…but every year!!!

“Voices of America” contest – American’s telling Washington how to fix our country’s fiscal crisis!

Wednesday, March 30th, 2011

Chris recently entered a video into the Committee for a Responsible Federal Budget’s “Voices of America” contest, and we are proud to say that his video was one of 2 runners up to the 2 winners out of a large field of entries from all across the country.  The video was premiered at a major event in Washington D.C. – America’s Fiscal Choices at a Crossroad: The Human Side of the Fiscal Crisis.  The event was to increase the focus of the policy community, the media, and the American people on the human side of our fiscal crisis.

College Kids and Money 101

Monday, January 24th, 2011

No matter how distinguished the university, many students come out as naive about money and spending as when they went in.  Because of recieving allowances, credit cards, gift cards, etc from their parents, they never seem to master the responsibility of managing their finances.  There was a great piece on www.foxbusiness.com this week lisitng the 8 misconceptions college kids have about money.  If you have kids or grandkids in school, you may want to check it out.  When you finished reading it, send it to the college kid with the next batch of homemade cookies you send out!