49 ° Today's Paper Login Register Classifieds Archives Subscribe
Last Updated:Wed., Nov. 3, 2010, 11:24am
BREAKING PASSES AWAY
FORMER YANKEES MANAGER, GM KING PHOTOS VIDEOS BLOGS
News Page Six Sports Entertainment
Bummer, dude
Look where you stick it,
Star jilts 'Wife' Going for broke No fairy tale
NBA star Derrick Rose Hal Steinbrenner wants Derek She’s struggled with an eating
Tiger! sparked fury on the set of Jeter and Mariano Rivera back disorder, bullying problems,...
Passenger's plea to CBS's "The Good... and,...
Yank
Gossip Celeb Photos PopWrap Teams High Schools Scores TV Movies Events Travel
Home NYC Local Business Opinion Columnists Politics Metro US News World News Real Estate Weird But True Crime Lottery
Business Residential Real Estate Commercial Real Estate Jobs John Crudele Keith Kelly Steve Cuozzo Lois Weiss Terry Keenan Jennifer Gould Keil
Story
Lose excess debt by dieting
By SHEILA MULLAN
Comment Last Updated: 4:41 AM, October 31, 2010
Posted: 10:26 PM, October 30, 2010
Comments: 0
Like 14 people like this.
6 More Print
Financial expert Susan Hirshman, author of the ironic "Does This Make My Assets Look Fat? A
Woman's Guide to Finding Financial Empowerment and Success," knows some women might not
want to read about personal finance, so she wrote a book about something women are familiar
with: dieting.
The result is top-flight advice. Imagine a banker with world-class credentials sitting down at your
kitchen table to hold your hand, offer you tea and sympathy and set up your financial life,
savings, retirement, insurance and tell you how to keep it all going. Hirshman has the CPA, MBA,
Certified Financial Planner (CFP) and CFA credentials and worked at a top accounting firm, and
most recently was a managing director at a global investment bank. But she recently left the bank
to embark on her mission to educate women (and men!) on how to manage their own money. "I
left to live my passion," she said.
Now she likens money to being on a
diet. Just the way the scale won't lie,
neither will your checkbook, so it's best
to overcome one's financial fear, cut
down credit-card debt and create a
financial plan with saving and retirement
goals. Both women and men should
both be aware of what's going on in their
financial lives, and create a financial
plan.
"I have seen bad things happen to too
many good women and too many good
men, also," said Hirshman. "Don't be
part of the 'if-only' club. Especially
during the financial crisis, people said, 'If
only I knew my husband was invested
so aggressively,' or 'if only I knew that I
should not have been spending so much
money.' All of us have stories. But it's
not fun to be part of the 'if-only' club. It's
Post
Pics
painful. And to me, personal finance is
all about having choices, now and in the Today in Pictures
future."
For example, just the way that too many
potato chips will catch up to your
waistline, so will too much credit-card
usage: Eventually "you will have to
make really tough, unfortunate choices,"
she said.
She maintains you could set up your
mutual fund retirement investment
strategy in about 10 hours through her
Sponsored Links book, and do a few hours' maintenance
each year. But her fund advice boils
Penny Stock to Watch - RMGX
down to asset allocation basis between
Save the planet AND make money! Consider investing stocks, bonds, etc., with advice on
today. knowing your psychological tolerance
www.GreenGainers.com for holding on through market
downturns, and more sophisticated
Mortgage Rate Drops to 4.0% FIXED!
advice for those who want it.
$200,000 loan for $708/month. Free Quotes - No SSN
Rqd. Save $1000s! This book is a fast introduction for the Click on Each Photo More in Photos
Mortgage.RefinanceFrontier.com 21-year-old beginner (advice: set goals,
develop asset-allocation strategy, select
Video
TODAY: iPads for $103.85? investments, and continue to review).
Special Report: Apple iPads are being auctioned for But it also works for the 70-year-old
an incredible 80% off! person needing advice on retirement,
ConsumerTipsDigest.org medical issues, wills, estates and taxes.
And the detailed goals quiz alone is
worth the book price. She also salts
financial advice with humor: New Yorkers who feel they don't need to save for retirement because
they might be dead by then due to a partying lifestyle should know that many who once felt that
way lived into their nineties.
"It's never too early to begin a financial plan, and it's also never too late," she said.
Sponsored Links
Do YOU Qualify?
New Gov regulations allow US residents to remove half of their debt.
www.ctwnews.com
BREAKING: $700 Apple iPad sold for $25?
Special Report: Apple iPads are being auctioned for an incredible 80% off!
Channel9.com
AARP® 50+ Auto Insurance
Over 50? You Could Save an Average $384* On AARP® Auto...
AARP.TheHartford.com
Buy a link here
Like 14 people like this.
More in Videos
6 More Print
Comments (0)
You must be logged in to leave comments. Login ! Register
Most Popular
READ VIEWED COMMENTED
1. Star jilts 'Wife'