White House money ad­vice

Marlborough Midweek - - OUT & ABOUT -

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.


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