You still need to save but being debt-free in retirement is and should be a goal.

If we aren't careful, our children will come down with 'affluenza,' a disease that causes them to confuse wants and needs. We need to teach our children what my grandmother taught me: Think twice about spending money you don't have on things you don't need to impress people you don't like anyway.

Priorities lead to prosperity.

My experience may be different than theirs, readers can identify with trying to save for retirement or their own kid's college fund. In truth, the name of the column, "The Color of Money," has less to do with my race than the fact that the color of money is green and it's green we all need to live a good life.

If you'll have enough saved and nobody has to take on debt and you want to retire, shoot go for it.

You shouldn't invest the money if you are looking to use it within five years. Too much risk.

I've decided to keep working until my last kid is thu college.