Former FDIC Chair Sheila Bair sees money as a means to an end

Here’s another great video that I did for CNBC talking generally about the meaning of money and why money should never be an end to itself. Rather, it is a means to an end: to enjoy a financially secure lifestyle that enables people to support themselves and their families free of money worries. In this video, I share personal experiences, including as a young adult when I splurged on a red convertible (but paid cash to do it). My basic mantra: save regularly, don’t borrow unnecessarily. This is the path to financial peace of mind.