Business

Don’t let financial pundits shame you

Here are three of the week’s top pieces of financial insight, gathered from around the web:

Don’t let financial pundits shame you
The message around obtaining financial stability is traditionally “built on shame, often packaged as tough love,” said Emma Pattee and Stefanie O’Connell at CNBC. “From the oversimplified math of David Bach’s The Latte Factor to Dave Ramsey’s condemnation of nearly all debt,” people who ask for financial advice are often shamed for it. Don’t fall for that. When a young doctor with $240,000 in medical-school debt went on the Suze Orman Show in 2012, “Orman started off by telling her that she shouldn’t have gone to medical school” and questioned “if she should buy her children Christmas presents.”

Source:

theweek.com

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