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key. live below our means and put away to build wealth for the future. that s going to give cushion and allow us to have a less stressful life. this is why we ve been fighting for years. you don t put money away. money is something to get more money. take measured risk. he likes took risk his money to grow more. i like to save mine because i don t want to lose it. that s frankly the way a lot of men and women are, saefrs and spending. she has a min issues van. he has a motorcycle. perfect metaphor. in our relationships or dealing with this economy our goal for you for this hour, by the end of the hour you will feel confident about money. you will be able to speak money with your job, your mortgage banker, your spouse with a little more confidence. we wrote a book about doug flynn, a certified financial planner, lanett cox, founder of ask the money coach.com and louis, a personal money advisers. louis, i want to ask you first, people think they can t s ....
what would you say, i never asked you this, what s your key to understanding money? my question is we must live below our means and put a little away to build future. it gives cushion and that allows a less stressful life, quite frankly. this is why we ve been fighting. you don t put money away. i think it s something you should use to get more money, seize opportunities, take measured risks. he likes to risk his, i like to save my, i don t want to lose it. that s frankly a way a lot of spenders and savers are. she has a minivan. and he has a motorcycle. a perfect metaphor. in our relationships or dealing with any part of this economy, our goal for you this hour is by the end of this hour, you will feel confident about money and be able to speak money in your job, with your mortgage banker, with your spouse, with a little more confidence. we wrote a book about it, but we didn t do it alone. here to help you for the hour, jeff garrier, lynette, cal fanni- ....
Impact of the real estate crisis on you. today we look at buying versus renting. molly line is live in centerville, massachusetts. it s a topic that really affects everyone, molly. are there any deals out there? reporter: yeah. you know, the real estate market now makes people a little nervous. the buyers, the seller, everybody s concerned because home prices have plummeted, we ve seen foreclosures rising, but can you actually if you have the funding if you re ready, can you find a deal out there? let s take a look at one property on cape cod, almost 4,000 square feet, there s a pool in the backyard. a really nice property that was bought about three years ago for 985. it s now listed for 649. this is a short sale situation, and the homeowners actually got an offer on the home just last week at 475,000. also on the cul-de-sac for a little bit of perspective, there s a smaller home in the 700s, so that s just one ....