Talking Star Jones, Financial Mistakes and Lessons Learned
It sounds funny to say that Star Jones is trying to "keep up with the Joneses". The lawyer, talk show host, and corporate president didn't find it too amusing when she was in the midst of the rat race, though. According to Black Enterprise, Jones owed over $75,000 in student loans and had maxed out her credit cards by the time she finished law school. Sadly, the cards had been used to pay for more than school supplies and necessities.
Once out of law school, Jones got a job working for the Kings County District Attorney’s Office in Brooklyn, New York, until 1991. While there, she landed a job on Court TV. She quickly followed up as a correspondent for NBC’s "The Today Show "and …show more content…
Even then, she did more than sit behind a table and discuss current events. Jones was president of the NASDAQ traded "National Association of Professional Women (NAPW)."
It took her until 1992 to pay off all her debt. Once she did, she vowed not to fall into the same traps again. She knew that just because she made more money, that did not mean she would not end up in debt. Larger incomes often lead to larger expenses.
“I had to get real with the fact that I am my own backup plan,” Jones said. “Women across the board who are raising children or are sandwiched between childcare and eldercare become everybody else’s backup plan. You have to know how to prioritize yourself.”
Jones got rid of all her credit cards except one that she uses to pay bills, but she clears the balance every month. She believes that if she had not fixed her financial position early on that many of the opportunities she had would not have worked out.
Jones shares, "People think preparation is just about having the right educational background. It also means having your financial house in order. You can’t relocate, move, be flexible, etc., if your finances are out of control. I’ve had to move, take lower-paying jobs—you name it. You have to come to terms with the fact that that means you have to be financially
It sounds funny to say that Star Jones is trying to "keep up with the Joneses". The lawyer, talk show host, and corporate president didn't find it too amusing when she was in the midst of the rat race, though. According to Black Enterprise, Jones owed over $75,000 in student loans and had maxed out her credit cards by the time she finished law school. Sadly, the cards had been used to pay for more than school supplies and necessities.
Once out of law school, Jones got a job working for the Kings County District Attorney’s Office in Brooklyn, New York, until 1991. While there, she landed a job on Court TV. She quickly followed up as a correspondent for NBC’s "The Today Show "and …show more content…
Even then, she did more than sit behind a table and discuss current events. Jones was president of the NASDAQ traded "National Association of Professional Women (NAPW)."
It took her until 1992 to pay off all her debt. Once she did, she vowed not to fall into the same traps again. She knew that just because she made more money, that did not mean she would not end up in debt. Larger incomes often lead to larger expenses.
“I had to get real with the fact that I am my own backup plan,” Jones said. “Women across the board who are raising children or are sandwiched between childcare and eldercare become everybody else’s backup plan. You have to know how to prioritize yourself.”
Jones got rid of all her credit cards except one that she uses to pay bills, but she clears the balance every month. She believes that if she had not fixed her financial position early on that many of the opportunities she had would not have worked out.
Jones shares, "People think preparation is just about having the right educational background. It also means having your financial house in order. You can’t relocate, move, be flexible, etc., if your finances are out of control. I’ve had to move, take lower-paying jobs—you name it. You have to come to terms with the fact that that means you have to be financially