Why ex-banker Pattie Lovett-Reid gets three Ds
Former bank executive Pattie Lovett-Reid is the host of The Pattie Lovett-Reid Show on CTV News Channel. On the Toronto Star’s series on the financial habits of notable Canadians, Pattie told the Toronto Star’s Emily Mathieu about the stress of being “house poor,” her inability to justify her love of luxury purses, and her three firm rules for getting out of debt.
What was the best piece of financial advice you ever received?
My father told me not to flunk retirement. I needed to put some money away from the day I started to work because there would come a time when I would no longer be able to work. He also said don’t let life become a series of take-aways. Stay in the game, don’t become complacent, continue to upgrade your skills and believe in yourself — even if no one else does. Don’t become unbelievably average.