Avoid these 10 Money Mistakes your Parents Made

STOWE, Vt. (MarketWatch)—Not being a best-selling author, film star or U.S. senator, I won’t be giving commencement speeches this spring. But as I imagine myself at the podium in front of eager young college graduates, I know exactly what I would say.

I would tell them to thank their parents for their support and to live and work with passion and purpose. But the bulk of my address would focus on the importance of avoiding the financial traps into which many adults, including some of their parents, have fallen. I would review my list of top 10 personal-finance habits for a successful financial future...

To continue reading, view John's full article from May 9, 2012 on Marketwatch here.