Financial advice from Money heroes

The people Money has saluted over the past year for improving others’ finances have some more help to offer: sound advice for you.

  • A force behind lemon laws

    Photo: Julian Dufort

    Rosemary Shaha<strong>n

    Founder, Consumers for Auto Reliability and Safet<strong>y

    “Don’t buy a certified used car. Instead, get your own inspection for $100 and save thousands. The dealers who do the certifying will okay anything with four wheels.”

  • Personal finance in the workplace


    Jim Schlabach

    IT manager, teacher of money skills at the office

    “On the first day of my career, a secretary told me to sign a paper putting 7% of my pay into a savings plan. Feeling intimidated, I did. It paid off.”

  • Tighter financial regulation

    Photo: Julian Dufort

    Brooksley Born

    Former chairperson, Commodity Futures Trading Commission

    “Never sign a financial document until you’ve read and understood it, including the fine print. Banks and other institutions may be obligated to disclose terms of their agreement with you, but if you’re not reading it and understanding it, that’s your problem, not theirs.”

  • Inexpensive indexing

    Photo: Julian Dufort

    Jack Bogle

    Founder, Vanguard Group

    “Don’t spend money unless you absolutely have to. I last bought a suit in 1995. If you don’t want to stay in style, you can save a lot.”

  • Money skills for teenagers

    Photo: Ryan Kurtz

    Brian Page

    High school personal finance and economics teacher

    “Teenagers face tough financial choices when something they want right now is at their fingertips, but something they value the most is years away. You have to teach them how to make financial decisions that are consistent with their values.”

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