Why is Knowing Our “Money Biography” Important?

November 22, 2010
Hosted by Jordan Goodman

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Guest Information

Episode Description

Today we will speak with Michael Kay, President of Financial Focus, LLC today about the following topics: What is a money biography and what does it tell us about our relationship with money? How do early childhood experiences affect our money biography and is there a way to change it? How is “Keeping up with the Joneses” causing problems for most Americans and how do we resist the urge to “Keep Up” with our neighbors, friends and colleagues? Is there a connection between the notion of “Keeping up with the Joneses” and our money biography? Why do otherwise smart people often think illogically about their investments? What principal ideas do investors need to keep in mind in both Bull and Bear markets? How can ["can" instead of "should"?] one take an honest assessment of their risk tolerance? How should investors handle the anxiety that comes along with volatile stock markets? How can investors prepare for inevitable downward markets and how closely should we follow our stocks?

The Money Answers Show

Monday at 12 Noon Pacific Time on VoiceAmerica Business Channel

Do you need directions to a solid financial future? If so, The Money Answers Show with Jordan Goodman will provide you with a roadmap to making smart money decisions in every area of your personal finances. Join Jordan every Monday at 12 PM/PST 3 PM/EST for The Money Answers Show, on the VoiceAmerica Business Channel. Learn how and where to get the best deals on mortgages, cars, and insurance; find out the best ways to save for college and retirement, get out of debt, improve your credit rating, and save on your taxes. The Money Answers Show with Jordan Goodman will provide you with great tips on investment opportunities in real estate, stocks, annuities, and other investment vehicles. That’s The Money Answers Show with Jordan Goodman on the VoiceAmerica Business Channel, every Monday at 12 PM/PST.

Jordan Goodman

Jordan Goodman has a mission: to help everyone do better with money. Since graduating the Columbia University School of Journalism in 1977, he has spent the past 32 years combing the country to find the very best ways to help consumers make and save money and then sharing these gems with the public. As a staff writer/reporter at MONEY Magazine for 18 years, a weekly commentator on NBC News at Sunrise and Public Radio’s Marketplace Morning Report, and through his 12, soon to be 13 highly respected books, and his website www.moneyanswers.com, he has provided useful, common-sense information to the public. Some of his better-known books include Fast Profits in Hard Times, Everyone’s Money Book, the Dictionary of Finance and Investment Terms and Master Your Money Type. Jordan is a rare combination: someone who possesses not only encyclopedic knowledge about every area of personal finance but also a passion for helping his listeners not only to get educated but to take action to help their dreams become realities.

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