The average recession lasts what? About 18 months, two years at the worst. You've got to know that the most important thing with money is inflation. The optimism part comes really to the investing. Eventually, no matter what happens, everything recovers and being in the market is the best place to be.
Michelle Singletary is a best-selling author and Loeb Award-winning writer. She also pens “The Color of Money,” a nationally syndicated personal finance column which appears in The Washington Post. Robert Brokamp caught up with Singletary to discuss: - Why people fall for Ponzi schemes - If you should pay off your mortgage before retirement - Why we often lie about spending habits
Host: Robert Brokamp Guest: Michelle Singletary Producer: Ricky Mulvey Engineers: Rick Engdahl, Annie Franks
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