Celebrities are usually just a little below gambling winners on the “Who you should not take financial advice from” scale. But like all of us, they get older and sometimes even wiser. Money Magazine ran a piece recently featuring answers to questions about money from famous people who are not so young any more. Here is a sampling of their views on money:
I expect a positive 2008 for both the economy and financial markets. Aside from the hit on home construction, home sales and the subprime mess, the U.S. economy is in pretty good shape. The typical set of problems that precede a recession are not in place.
According to “The Millionaire Mind”-
· Is a 54-year-old man married to the same spouse for 28 years. Has three children.
· Has an average household net worth of $9.2 million; annual realized income of $749,000.
· Thirty-two percent are business owners or entrepreneurs; 16 percent are senior corporate executives; 10 percent are attorneys; 9 percent are physicians . . . . . . . . . . . . . . . . . .
LPL Research Market Update
U.S. Bank Balance Sheet: Seizing Up or Bulking Up? LPL’s Lincoln Anderson provides his insight into current financial market trends. Please click below for the full article.