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$45-million mansion enters L.A.'s spec-built market

A red Ferrari Berlinetta, women in little black dresses passing hot and cold hors d'oeuvres, a violinist, a saxophone player and reality show stars – such were the trappings of a recent private event to market a newly built home priced at $45 million on L.A.’s Westside.

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Money Talk with Liz Weston

  • Consider filing for bankruptcy if debt repayment would take five years
    Consider filing for bankruptcy if debt repayment would take five years

    Dear Liz: I'm a 33-year-old mother who lost my full-time job during the recession in 2009. I may have my "stuff" together again, but am considering filing bankruptcy. Each month I'm spending almost half (yes half!) of my income on debt payments to credit cards, loans and medical bills. Each...

  • Culinary school costs leave a sour taste
    Culinary school costs leave a sour taste

    Dear Liz: I am 48 and planning on a career change. I was looking at a culinary school website and it looks pretty exciting. It is a two-year, full-time program and the cost is about $65,000, which doesn't cover the dorm or apartment expenses for living nearby. Of course, the institute's...

  • Navigating student aid forms
    Navigating student aid forms

    Dear Liz: I'm having trouble finding information about how to structure my finances to get the maximum financial aid for my kids when they enter college. For example, will contributing to an IRA instead of a taxable investment account matter? Should I focus on paying off my mortgage or should...

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