Sarah in SC
Moderator Emeritus
W2R, I'm with you on those quotes you pulled. Those were the ones that stopped me cold. And Ha, my 30+ year realtor friend didn't see the bubble, either (or more accurately, its end).
Here's the thing--I didn't get my CFP until 2007 (at 38). I knew enough about financial planning at 23 not to think this (and it was for lots less money at stake): “Wow. I guess if they’re willing to lend it to us it must be O.K.”
And the first time I saw that Pick-A-Payment crap, I thought--whoa, now there's something stupid. But in the interest of supporting my own designation, I'll say that people who are good at math may not always be good at their own finances. I'm remembering my dad's doctor who smoked like a chimney, and thinking of the cobbler's kids with no shoes.
Not that I'd take financial advice from the guy, but he's just one CFP in a pretty large pool. Loved the article. Thanks for sharing.
Here's the thing--I didn't get my CFP until 2007 (at 38). I knew enough about financial planning at 23 not to think this (and it was for lots less money at stake): “Wow. I guess if they’re willing to lend it to us it must be O.K.”
And the first time I saw that Pick-A-Payment crap, I thought--whoa, now there's something stupid. But in the interest of supporting my own designation, I'll say that people who are good at math may not always be good at their own finances. I'm remembering my dad's doctor who smoked like a chimney, and thinking of the cobbler's kids with no shoes.
Not that I'd take financial advice from the guy, but he's just one CFP in a pretty large pool. Loved the article. Thanks for sharing.