Class Assignment: Financial Words of Wisdom

One of the best financial blogs is “The Color of Money” by Michelle Singletary which appears every Wednesday and Saturday in the Washington Post and is syndicated in over 100 newspapers.

If you’d like to see what Michelle is writing about, just check out the listing of her “Color of Money” columns on the Washington Post website.  She also has her own website, MichelleSingletary.com, which includes a number of interesting features.  One of those features is the ”Questions & Answers” section, which is divided up into questions on credit, debt, kids & money, love & money, college students, retirement, and disaster preparation.  Each one of those sections opens with a topical question from a reader and then provides an answer from Michelle.

Also on Michelle’s site is a listing of her favorite quotes.  For example, on debt, she lists a quote from Earl Wilson, “This would be a much better world if more married couples were as deeply in love as they are in debt” – certainly, that quote would fit in quite well in the Chapter 8 section in Personal Finance: Turning Money into Wealth titled “Tying Things Together: Debt and the Real World.”  On investing she quotes Kin Hubbard, who said, “The safe way to double your money is to fold it over once and put it in your pocket” – a quote that ties in well with the Chapter 11 section “A Look at Risk-Return Trade-Offs.

Assigment questions:

  1. Pick two quotes and write a short essay on each, explaining why you liked that quote and why it has meaning in your financial life.
  2. Find another financial quote that you like and write a short essay on why you like it.  Be prepared to share the quote with your class.
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