Sunday Morning Magazine with Rodney Lear

Getting Out of Debt (Segment #3 John Schwartz)

John Schwartz and his wife, Jeanne, are pre-retirement workers of an economic class well above the poverty line, but well below the one percent. Schwartz wrote THIS IS THE YEAR I PUT MY FINANCIAL LIFE IN ORDER for people like themโ€“ and, letโ€™s face it, most of us: a little money phobic, but willing to learn before it’s too late. Sharing both harrowing and hilarious personal stories — from his brush with financial ruin and bankruptcy in his thirties to his budgeted diet of cafeteria French fries and gravyโ€”Schwartz discusses his journey to financial literacy, which he admittedly started a bit late. He covers everything from investments to retirement and insurance to wills (at fifty-eight, he didn’t have one!) to medical directives.