Sep 21, 2020
#277: Michelle Singletary writes a Pulitzer-nominated personal finance column, The Color of Money, for The Washington Post. Her column is syndicated in more than 100 newspapers nationwide. She’s the author of three finance books and holds an MBA from Johns Hopkins University.
But her strongest financial education came from her grandmother.
Her grandmother raised five grandchildren while working full-time as a Nursing Assistant at a hospital. She earned $13,000 per year, but never took welfare, was never late on a bill, and “handled her money like a pro.”
In this podcast episode, Michelle shares timeless financial lessons she learned from her grandmother, including:
Save from every penny or dollar you receive
Live below your means
Hate debt like it’s the devil
Save for the future
Don’t buy more than you can afford
Don’t care about what other people think about what you wear or
drive
Michelle’s grandmother taught her resourcefulness, humility and the value of a strong work ethic.
Michelle joins us to chat about the financial independence retire
early (FIRE) movement, emotional spending, how her experience
growing up poor gives her a unique perspective in financial media,
and the falsehood behind the phrase “it’s not what you earn, it’s
what you save.”
You’ll enjoy this episode if…
You’re new to the world of personal finance or FIRE and want to
learn more about the basics. (#lessonsfromgrandma)
You can’t relate to some of the discussion around FIRE because it
seems unachievable to you.
You love down-to-earth guests who tell it like it is.
For more, visit https://affordanything.com/episode277