White House money advice
The White House is probably the last place I’d go looking for sane money advice.
Current president Donald Trump once set up a ‘‘university’’ to sell his financial (real estate) secrets of success, and ended up settling a massive lawsuit from angry students who felt anything but enriched by them.
His predecessors Ronald Reagan, Bushes one and two, Bill Clinton and Barack Obama all presided over rising US debts.
Clinton paved the way to the Global Financial Crisis by deregulating banking, derivatives dealing, and mortgage lending.
So no, the Oval Office hasn’t provided much money inspiration to us ordinary people.
But this week I read two pieces of money advice I really liked, from Obama’s deputy chief of staff.
It was in the newly-published autobiography Who Thought This Was a Good Idea? by Alyssa Mastromonaco, who worked for Obama from 2005 to 2014.