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Fame & Fortune: TV's Judge Alex Ferrer

Education is the key to financial security
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Bankrate: When you try a case on TV, how can you reasonably try a case in less than half an hour?

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Judge Alex Ferrer: Sometimes I can't. Sometimes I can try a case in 5 minutes because it's such a simple case, but I don't limit the time I spend on any case. I start trying a case, and if it takes me an hour and a half, I take an hour and a half. The networks have been very good about it. They never tell me, "You need to shorten the time on this case." It's their job, when I'm done with the case, to edit it down. I don't curtail the time that the litigants get. The editors go in and say, OK, how do we make this fit in an 18-minute window, or whatever, and they edit it to fit. Sometimes I pull my hair out because I say, oh my God; they cut this section out which was the basis for my ruling. But 99 times out of 100 they do an amazingly good job of editing it down. I'm really impressed, because they're not lawyers, and yet they do a good job of keeping it entertaining but also addressing the legal issues.

Bankrate: You used to deal with murder, rape, drug dealing -- big cases. The cases on TV are considerably more minor. Do you miss dealing with cases that have a greater impact?

Judge Alex Ferrer: I don't miss dealing with those types of cases, although I thought the same thing (at first). One of my last cases was a serial killer, and then I went to cases where people are fighting over a wig. I thought that would be a letdown. But the people who appear in front of me, to them, theirs are the most important cases. I've had people sue for $40 and it costs them $70 in court fees, but to them it's such a matter of principle that they were wronged by this person, and they want somebody to call them out, to show that this person is a thief or whatever. They're very passionate about their cases, and it rubs off.

Bankrate: Considering that your parents were raised in a very different society, what were you taught about how to handle money?

Judge Alex Ferrer: I started working when I was about 15 years old, pumping gas at a gas station owned by a friend of my father. My father had a discussion with me about using a little bit of it and putting the rest away, not squandering it. My parents, coming from Cuba, left a much better lifestyle to come here and start over, because they didn't want to live under Castro's Communist regime. I remember my father going from being an executive at a well-known American company in Cuba to doing bookkeeping at minimum wage, and then selling shoes during his lunch break to supplement his income. So I was raised with a very strong work ethic. I was 15, in high school, pumping gas until 11 at night. By the time I was 17, I was basically the night manager of the gas station -- closed up at night, took the money to the owner's house, and I'd work six or seven days a week. When I became a police officer, I continued with my studies, because I was 19 years old and my parents weren't really happy with the idea of me being a cop. They asked me to please keep studying in case I changed my mind, which was the best advice anyone ever gave me. Because no matter what job you have, after a while, it wasn't as glamorous. Because I didn't quit studying, I had other opportunities.

 
 
Next: "... if you get a solid educational base, financial security will come."
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