Oct 4, 2019
Cameron Huddleston is an award-winning
journalist with more than 17 years of experience writing about
personal finance. Her work has appeared in Kiplinger’s Personal
Finance, Business Insider, Chicago Tribune, Fortune, Huffington
Post, Money, MSN, USA Today and many more print and online
publications. At this moment she is the Life + Money columnist for
In the interview
- Schools don't teach personal finance to young students. People
have to figure it out as they go along.
- There is a taboo around the topic of money. Friends don't like
to talk about money and many many parents don't like to talk about
money with their children.
- People buy status symbols to give the impression that they have
lots of money.
- Wealthy people, au contraire, don't like to display that they
have lots of money.
The Book: Mom and
Dad, We Need to Talk
- 10 years ago, Cameron's mother was diagnosed with Alzheimer's
- They had never spoken about her finances.
- When Cameron found out about her mother's disease, the first
step was to get a power of attorney, giving her permission to run
her mother's financial affairs.
- At this point, Cameron was the sole decision-maker. She would
have loved to consult some of those important decisions with her
- Some of Cameron's friends were going through similar issues and
they were asking questions.
- It was at this moment that Cameron felt compelled to write a
book, to help others who are going or who will be going through
- The consequences of not having a conversation with your parents
can be lengthy, expensive, and painful. Imagine the family members
having heated arguments about how to take care of the parents?
Whether to end their lives or prolong it? What kind of burial to
have? who would they split their assets? How about if there are
kids from different marriages? How much is it going to cost?