"The Laws of Money, the Lessons of Life"

To those who care about their financial stability:

We have a popular talk-show host Suze Orman that some will know.
She gets phone calls from folk in deep financial trouble (debt)
and tries to talk them to a
solution.                                                                       
                            
On Friday our New Hampshire Public Television (Ch. 11)          
carried her "stage lecture" entitled "The Laws of Money,        
the Lessons of Life:  Financial advice."   

[here for 'only' $15:
http://www.amazon.com/exec/obidos/ASIN/B00008OM65/qid=1055253416/sr=2-1/ref=sr_2_1/103-5931213-6998255
        ]
rejoin URL if it splits

John mentioned "savings." [  cyber-soc@topica.com
Mon, 9 Jun 2003 17:20:09 -0700  ]  John also mentioned
our need to spend to 'strengthen the economy.'  Clearly,
if Americans save (again after many years of sometimes running
even a 'negative savings rate'), they will reduce expenditures.

Orman Rule #3 is -- always have enough savings equivalent to
seven months of salary.  And, don't have it in the stock
market, or a risky venture, or an IRA or a 401(k)

How many Americans have seven months of savings?  5%, 1% ? --
I suppose the actual number is buried in the Fed's Survey
of Consumer Finances (SCF) --

http://www.federalreserve.gov/pubs/oss/oss2/98/scf98pre.html

***

Very bright woman!

Curtiss                    

-- 


           W. Curtiss Priest, Director, CITS
   Research Affiliate, Comparative Media Studies, MIT
      Center for Information, Technology & Society
         466 Pleasant St., Melrose, MA  02176
   781-662-4044  BMSLIB@MIT.EDU http://Cybertrails.org