Q: I understand that you recommend a Debt Snowball to help people get out of debt. Could you explain how this works? A: Sure, but let me preface this by saying that unless you are ready to make radical changes in your life, the Debt Snowball or any other technique to reduce debt is not […]
How Much Is A Trillion?
Q: Joe, I hear about Congress spending a trillion dollars, but I am having trouble comprehending how much a trillion is. Do you have any illustrations that would help? A: A million is a thousand thousands. A trillion is a million millions. If you could lay a trillion thousand dollar bills end to end they […]
Should I Bail Out Mom From Financial Struggles?
Q: My mom, who is not good at money management, nevertheless handles all of her and dad’s finances. She just called to tell me that she had her car repossessed earlier this week. Mom asked me to give her $1,000 so she can get it back. She also asked me not to say anything about […]
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