Morris County Chamber of Commerce
  • About
    • Chamber Team
    • Our Mission
    • The President's Desk
    • Morris Business Cabinet
    • Board of Directors
    • What Members Are Saying >
      • Share a Testimonial
    • Frequently Asked Questions
    • Forums & Committees >
      • Committee Chair and Vice Chair Application
      • Ambassadors Council >
        • Ambassadors-Only Resources
      • Business Development Forum
      • Business Strategy & Tactics Forum
      • Environmental & Sustainability Forum
      • Government Affairs
      • Health & Wellness Forum
      • Hispanic Affairs Council
      • Human Resources Committee
      • Not For Profit Roundtable >
        • 2020 NFP Excellence Award Honorees
        • Nonprofit Donations
      • Real Estate Forum
      • Tech Talk Forum
      • Women in Business Program
      • Young Professionals Forum
    • Staff Forms - Internal Use Only
  • Why Join?
    • Join Our Chamber
    • Retail Restaurant Membership
    • Member Benefits
    • The Value of Membership >
      • Grow Your Business
      • Build Your Brand
      • Professional Development & Education
      • Government Advocacy
      • Community Outreach & Volunteering
    • Grand Opening Support
    • Member Marketing Opportunities
    • Enhance Your Directory Listing
    • Member to Member Deals
    • Member Referral Bonus
    • Connect to Morris Job Bank
    • Co-Working Space Available
  • Events
    • Chamber Event Calendar
    • Member Events Calendar
    • Signature Events & Programs
    • Virtual Job Fair
  • Find A Member
    • Searchable Business Directory
    • Nonprofit Organizations
    • Professional Services >
      • Accounting, Auditing and Related Services
      • Advertising, Marketing and Related Services
      • Aerospace & Defense
      • Attorneys and Legal Services
      • Architectural, Engineering and Surveying Services
      • Banking and Financial Services
      • Business Consulting and Professional Services
    • Retail, Restaurants, & Service Providers >
      • Arts & Entertainment
      • Auto / Trucks
      • Catering & Food Products
      • Child Care & Day Care
      • Cleaning Services
      • Contractors
      • Decorating & Organizing Services
      • Environmental Services & Recycling
      • Event Planning
      • Farm & Agriculture
      • Fitness & Wellness
      • Health Care
      • Home & Garden
      • Hotels & Conference Centers
      • Moving & Storage
      • Personal Development & Coaching
      • Pet Care
      • Photography & Video Services
      • Restaurants & Bars
      • Retail Stores
      • Senior Care & Related Services
      • Shipping & Delivery
      • Travel & Leisure
    • Higher Education Partners
  • News & Info
    • Chamber Magazines
    • Coronavirus News
    • Business Resources
    • News Around the Chamber >
      • Submit a Press Release
      • Submit a Neighbors Helping Neighbors Story
    • MCCC Blog >
      • Contribute to Our Blog
    • Chamber Newsletters
    • Social Media
  • Programs
    • Economic Development Corp.
    • Executive Council Program
    • Women in Business Executive Round Table
    • Morris Chamber Toastmasters
    • Mentor Morris
    • Entrepreneur Roundtable
    • Morris Mastermind
    • Leadership Morris >
      • Leadership Morris FAQs
      • Leadership Morris Application
      • Leadership Morris Program
      • Leadership Morris Alumni Council
    • Work-Based Learning Internship Program
  • MCTV
    • MCTV Let's Talk
    • Video Library
    • Member Spotlights
  • Member Login

MCCC Blog

Click Here to submit an article for our blog. 
Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.

Jean Chatzky Tells The Stories Of Numbers

5/15/2020

 
Picture
By Christopher Reardon
​
Jean Chatzky knew she wanted to be a journalist when writing for the school newspaper at the University of Pennsylvania. Then she began her post-college career as an editorial assistant at Working Woman magazine, where she was assigned to the financial editor. “She taught me that numbers could play an important role in telling a story,” she recently said. Chatzky has been telling the stories of numbers ever since and today is a best-selling author and columnist and serves as the financial editor of NBC’s TODAY show, AARP’s personal finance ambassador and founder and CEO of the multimedia company HerMoney. 
In 2015 she partnered with Time for Kids and The PwC Charitable Foundation to launch Your $, a financial literacy magazine reaching two million schoolchildren each month. Chatzky was the keynote speaker at a recent luncheon hosted by the Women in Business Program of the Morris County Chamber of Commerce, held at the Westin Governor Morris in Morristown. Chatting with Susan Cohen of Diversity Marketing and Communications in an interview format, Chatzky shared with the audience her five keys for financial success:
  1. Earn a decent wage
  2. Spend less than you make – save 15 percent of everything you earn
  3. Invest what you save
  4. Protect your financial life by planning
  5. Figure out how to give back

​Regarding investing what you save, Chatzky said there is a difference between hiring a guide and needing guidance. “Sometimes you just need advice,” she said, noting there are plenty of online resources offering investment advice, including her own, HerMoney.com. “I’m a big fan of getting started while you’re still learning,” she said. “If you wait to invest until you know everything, you’ll never invest…If you can’t see it, if you can’t touch it, you won’t spend it.” Women tend to be overly cautious about investing, focusing on safety, stability and savings, according to Chatzky.

“The irony is that this stands in the way of our  financial success,” she said. “Women have more money  in the bank than we should,” saying they would be better served investing that money. Women also do not plan on living as long as they do, she added. Chatzky was asked what advice she would give her younger self. Education, she answered. She recalled when she left a job early in her career, she cashed in what she was owed. “I got a check and didn’t know about a rollover,” she said. “I just went shopping.” She said the best advice she can give young people is to save. She also advised that paying off a low-interest student loan instead investing in a retirement plan such  as a 401(k) is not a good idea.

“Whenever there is free money available, we want to grab it, (such as) those matching dollars in a 401(k) program,” she said. Chatzky also shared some thoughts about finances for business owners.
“Our business is not our retirement plan,” she said. “If you are working for yourself and you do not have a 401(k), make sure you have…an IRA.” Chatzky also was asked how she wears so many hats and gets everything done, including her personal life. “This conversation we have on balance drives me crazy,” she answered. “I think the idea of balance is a total crock…There are days when I’m very good at my job and I’m a lousy mother. There are days when I’m a wonderful mother but I’m not very good at my job. We have to stop setting these unrealistic ideals.

Comments are closed.

    Archives

    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    March 2020
    February 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019

    Categories

    All
    Around The Chamber
    Business Advice
    Business Development
    Business Edge Magazine
    Chamber News
    Coaching
    Entrepreneurs
    Events
    Finance
    Government Affairs
    Health & Wellness
    IT
    Leadership Morris
    Legal
    Manufacturing
    Marketing
    Message From The President
    Nonprofit
    Real Estate
    Sales Strategy
    Seniors
    Strategic Planning
    Women In Business

    RSS Feed

    Please Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.

JOIN Us
REGISTER for Events
FIND a Business
CONTACT Us
READ our Blog

973.539.3882
​Morris County Chamber of Commerce
325 Columbia Turnpike - Suite 101
​​Florham Park, NJ 07932               (MAP)
Our Mission: The Morris County Chamber of Commerce collaboratively advances the interests of its members to champion a thriving business and community environment.
Our Vision: Creating member experiences that foster exceptional business success and quality of life.
Picture
  • About
    • Chamber Team
    • Our Mission
    • The President's Desk
    • Morris Business Cabinet
    • Board of Directors
    • What Members Are Saying >
      • Share a Testimonial
    • Frequently Asked Questions
    • Forums & Committees >
      • Committee Chair and Vice Chair Application
      • Ambassadors Council >
        • Ambassadors-Only Resources
      • Business Development Forum
      • Business Strategy & Tactics Forum
      • Environmental & Sustainability Forum
      • Government Affairs
      • Health & Wellness Forum
      • Hispanic Affairs Council
      • Human Resources Committee
      • Not For Profit Roundtable >
        • 2020 NFP Excellence Award Honorees
        • Nonprofit Donations
      • Real Estate Forum
      • Tech Talk Forum
      • Women in Business Program
      • Young Professionals Forum
    • Staff Forms - Internal Use Only
  • Why Join?
    • Join Our Chamber
    • Retail Restaurant Membership
    • Member Benefits
    • The Value of Membership >
      • Grow Your Business
      • Build Your Brand
      • Professional Development & Education
      • Government Advocacy
      • Community Outreach & Volunteering
    • Grand Opening Support
    • Member Marketing Opportunities
    • Enhance Your Directory Listing
    • Member to Member Deals
    • Member Referral Bonus
    • Connect to Morris Job Bank
    • Co-Working Space Available
  • Events
    • Chamber Event Calendar
    • Member Events Calendar
    • Signature Events & Programs
    • Virtual Job Fair
  • Find A Member
    • Searchable Business Directory
    • Nonprofit Organizations
    • Professional Services >
      • Accounting, Auditing and Related Services
      • Advertising, Marketing and Related Services
      • Aerospace & Defense
      • Attorneys and Legal Services
      • Architectural, Engineering and Surveying Services
      • Banking and Financial Services
      • Business Consulting and Professional Services
    • Retail, Restaurants, & Service Providers >
      • Arts & Entertainment
      • Auto / Trucks
      • Catering & Food Products
      • Child Care & Day Care
      • Cleaning Services
      • Contractors
      • Decorating & Organizing Services
      • Environmental Services & Recycling
      • Event Planning
      • Farm & Agriculture
      • Fitness & Wellness
      • Health Care
      • Home & Garden
      • Hotels & Conference Centers
      • Moving & Storage
      • Personal Development & Coaching
      • Pet Care
      • Photography & Video Services
      • Restaurants & Bars
      • Retail Stores
      • Senior Care & Related Services
      • Shipping & Delivery
      • Travel & Leisure
    • Higher Education Partners
  • News & Info
    • Chamber Magazines
    • Coronavirus News
    • Business Resources
    • News Around the Chamber >
      • Submit a Press Release
      • Submit a Neighbors Helping Neighbors Story
    • MCCC Blog >
      • Contribute to Our Blog
    • Chamber Newsletters
    • Social Media
  • Programs
    • Economic Development Corp.
    • Executive Council Program
    • Women in Business Executive Round Table
    • Morris Chamber Toastmasters
    • Mentor Morris
    • Entrepreneur Roundtable
    • Morris Mastermind
    • Leadership Morris >
      • Leadership Morris FAQs
      • Leadership Morris Application
      • Leadership Morris Program
      • Leadership Morris Alumni Council
    • Work-Based Learning Internship Program
  • MCTV
    • MCTV Let's Talk
    • Video Library
    • Member Spotlights
  • Member Login