Money Lessons From CNN Business Correspondent Christine Romans

Money Talks Summit believes that sometimes to truly learn, all you need is a little inspiration. 
Meet Christine Romans, the CNN chief business correspondent and cohost of the network’s “Early Start” is a veteran business journalist who reported for Reuters and Knight-Ridder Financial News before beginning her tenure at CNN covering the opening bell at the New York Stock Exchange.

Long before most of us get our first hit of caffeine in the morning, Christine Romans is wide awake and whip-smart-ready to deliver the day’s top money news to the nation.

Despite her jam-packed schedule, the Emmy-winning reporter (and real-life inspiration for the Sloan Sabbith character on HBO’s “The Newsroom”) has found time to write three books on money matters. Her most recent one, “Smart Is the New Rich: Money Guide for Millennials,” focuses on teaching financial know-how to the next generation.

The 44-year-old reporter previously shared advice about what she’d give to her younger self, the biggest money risk she ever took—and the top lesson she’s passing on.

Christine-Romans:

**My money motto is** … 
“Keep your burn rate less than your earn rate. Most of the successful people I have profiled and interviewed have grown their wealth by living below their means.”

**My money mentor is** … 
“My dad, who taught me that motto—and to save and invest young. With his encouragement, I bought my first stock when I was a teenager.”

**The advice I’d give my younger self is** … 
“Buy more stocks. I wish every young person could start investing $5,000 (at least) every year by the age of 25.”

**The biggest misconception about money management is** … 
“You have to earn a lot of money to invest. No matter what your means, everyone should be putting a slice away for the future—and the earlier, the better.”

**My first meaningful money memory is** … 
“The thrill of my first paycheck—and the horror of how much was deducted for withholdings! I put it right in the bank. Watching the balance grow was addictive.”

**The money mistake I wish I’d never made** … 
“Not buying real estate in my twenties. I mistakenly thought I was too young for such a grown-up investment—and missed out on a big opportunity.”

**The biggest risk I’ve ever taken was** … 
“Buying a house not long after the real estate crash in 2008. But I am living in my investment, and I am in it for the long haul.”

**I spend money to save time when it comes to **… 
“Technology. It makes life incredibly more efficient to be connected and informed. This is the part of my budget where I love to spend money.”

**The #1 lesson I [pass on] is** …
“Gratitude. I want them to earn and be thankful for the things they have.”

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