David Asman

David Asman

David Asman

David Asman joined FOX Business Network as an anchor in September 2007. He also serves as host of Forbes on Fox, a weekend half-hour program on FOX News Channel that offers an informative look at the week in business.

Asman has been with FNC since 1997 when he joined the network as a weekday anchor for Fox News Live. In 2005, he was named head of FNC's documentary unit where he hosted a series of investigative specials, including "Global Warming: The Debate Continues." He also hosted "U.N. Blood Money," a three- part series which examined the oil-for-food controversy, a story which he played a role in breaking.

Prior to joining FNC, Asman served as the Wall Street Journal's editorial features editor. He joined the newspaper in 1983 as an editorial writer, where he edited the Manager's Journal and the Americas columns, in addition to writing editorials and over 100 articles from Latin America and elsewhere. In 1994, Asman was named senior editor for the Journal's editorial page, where his role was combined with administrative responsibilities.

A recipient of the 1986 Inter American Press Association's (IAPA) Tom Wallace Award for coverage of Latin America in the Americas column, Asman also was editor of the book "The Wall Street Journal on Management: Adding Value Through Synergy" (Doubleday, 1990). In addition, he received the IAPA's 1992 & 1995 Daily Gleaner Award for his articles on free trade and Cuba and Mexico's economies.

Asman began his journalism career in 1978 as an assistant editor of Prospect Magazine and rose to executive editor within a year. In 1980, he was hired by George Gilder to start up an economic journal for the Manhattan Institute. Asman has also been a radio commentator for "Perspective on the Economy," and was a consultant to the Ford Foundation on African organizations in the United States. He also served as host of Issues USA, a nightly televised public affairs show.

What was your first job?
My first job EVER was a paper boy. My jobs through college all focused on restaurant work, where, at different times, I was a busboy, dish washer, cook, bartender and waiter. My first job after college was as a teacher at a junior high school. And my first steady job in journalism was writing for the Wall Street Journal.

Are you a spender or a saver?
With the exception of a mortgage, I've never had more debt than cash, so I guess I'm a saver. Now, my wife...

What was the one thing you regret buying?
All the "bargains" that I had to replace with quality items. The one thing I regret NOT buying is a car-I've always wanted one but never had one.

What was your biggest money indulgence?
A house on Cape Cod, which we really didn't "need," but which I've never regretted having bought.

What was the best money advice you received?
Best money advice relates to #3: Cheap is expensive-always pay a little more to get quality, and you won't waste money buying the same thing twice.

 

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Marriage Penalty

Sure, we know some of you are saying the term "marriage penalty" is redundant. In fact, of all the costs associated with getting married (have you seen the cost of a wedding cake lately?), the marriage penalty can be the worst.

Here's how it works: Mr. and Mrs. Right walk down the aisle in wedded bliss and suddenly they¿re a two-income household. If both make roughly the same amount of money, they can be pushed into a higher tax bracket. That's bad, since the higher the bracket, the higher the tax. So, if both were single, they'd end up writing two smaller checks to the tax man that, if combined, would add up to less than the giant check they write in a state of wedded bliss.

Is that fair? We're not touching that, but there is a flip side that few people talk about. The marriage penalty only kicks in if both members of the couple make close to the same amount of money. If there's a big disparity in pay, there's actually a tax advantage. Call it the marriage bonus.

And, it¿s important to remember that there are other financial benefits, such as lower life-insurance rates or health care premiums, that can make up for the extra tax couples pay. So don't let Uncle Sam stop you from saying, "I do."