A credit portfolio building plan should consist of several components, all interconnected and each a platform for recovery and financial evolution. Viewing credit as portfolio can help convert the traditional holiday churn-and-burn process from an annual ritual of excess and recovery into a new way of life.
While financial education is the subject of plenty of discussion and the topic of numerous commissions and panels, budgets tell the real story. There is no significant federal investment in financial education. We must make financial education a higher priority for our nation by investing in this work.