When you work with someone, you want them to bring in a year's worth of statements because you know they're lying about their money. And so it is a wake up call to them about the unconscious spending that we do all the time. I actually created this thing called a 21 day financial fast, which is one of my books. So basically for 21 days, you can't spend on anything,. There's not a necessity and you can't use your credit or debit card. Lord have mercy.
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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