Short questions with Dana Perino for Charles Payne

You've seen us on screen, but have you ever wondered what we're like off-camera?

For the last few months, I’ve enjoyed checking in with some of your favorite Fox personalities to learn more about who they are behind the scenes.

What's the one thing Jesse Watters couldn’t live without? What's Bill Hemmer’s favorite Halloween costume? And what's sitting on Greg Gutfeld’s nightstand?

But that's not all! The fun is just getting started.

This week we're excited to shine the spotlight on Charles Payne. He's the host of FOX Business Network’s "Making Money with Charles Payne" (weekdays 2-3 p.m. ET). He joined FOX News Media as a contributor in 2007 and provides financial analysis across the FOX Business Network and FOX News Channel.

P.S. We have so much more in store for you. Stay tuned each week for new editions of "Short Questions with Dana Perino" — and if there’s a question you want answers to or a suggestion for the person I should interview next, leave a note in the comments section below!

This week, Dana Perino shares her "Short Questions" for Charles Payne, FOX Business host — and his revealing answers. Find out why he told her, "Life is as hard as I was warned but also as beautiful as I was promised." (Fox News)

Q: Growing up, what was your favorite board game or card game?

CP: We loved board games. My favorite was Stratego, which we still play from time to time. I love cards — played Spades as a kid and now love Bid Whist.

Q: Did you like Monopoly — and were you more Park Place or railroads?

CP: Love(d) Monopoly. And Park Place with Boardwalk (otherwise it's like peanut butter without jelly).

Q: Favorite TV show when you were a kid?

CP: "Twilight Zone." "Wild Wild West." "Mission Impossible."

Q: Favorite TV show you’ve watched in the last year?

CP: "Godfather of Harlem."

Q: What advice would you give someone who is new to investing and wants to start building wealth?

CP: Start. Start. Start. Don't wait for the foolproof play because it doesn't exist.

Do something today — buy stocks, land, art, even watches this year. The best-performing watch wasn't the super-expensive Pateks and Rolexes.

Q: How do you approach risk management when making investment decisions?

CP: I like potential return to be twice as large as potential risk. Other factors, adjust for time/duration and alternative options.

Q: How has technology shaped and transformed your industry and the way you approach your work?

CP: When I started, I used to get chart books mailed to me weekly and during the week fill them in manually — time-consuming is an understatement — but it helped me find winners faster, as technology takes away elbow grease that creates intuitiveness.

The most important has been help in gathering research for my daily commentary and other research products.

Q: How do you approach the balance between investing and saving for the future versus enjoying the present?

CP: Only until recently did it make any sense to have much money in savings — and at some point rates are going to come back down, and it will mean you have to seek alternatives to stay ahead of inflation and build a real nest egg.

Q: When should you start teaching your kids about financial responsibility?

CP: At 8 to 9 years of age, with chores and allowances. I also have a family-wide program of rewarding a silver coin for every three, as on report cards — so they are getting paid to excel in different ways.

Q: What advice would you offer to someone facing adversity or struggling to make ends meet?

CP: Never give up. To this day, there are a number of hurdles I cleared, and I'm still not sure how — really on the verge of ruin, getting kicked out of homes and businesses, etc. So never stop grinding and believing.