Penelope Trunk’s Brazen Careerist. Advice at the intersection of work and life.
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Browsing category "Money"

Frugality is a career tool

Posted to: Money
February 1st, 2010
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I have earned a lot of money in my life. But I have never had an extravagant life. I don’t own a house. I’ve never bought a new car. I’ve never bought a new piece of living room furniture, and I do not own a single piece of real jewelry. What I have spent money [...]

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Thanksgiving drama on steroids: Adding a family business to the mix

Posted to: Entrepreneurship |  Money |  Negotiating
November 25th, 2009
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I think its safe to say that for the majority of people, Thanksgiving is not about goodness and gratitude, but rather, family drama.
Until now, I have been pretty much on the outside of this American tradition: The tradition of building up Thanksgiving to be a great family moment and then the family not living up [...]

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3 Questions you ask me a lot, about money

Posted to: Money
August 10th, 2009
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I don't usually write question and answer columns. (Although I have once or twice before.) I do read every single question that people send me. And these are three questions I've been answering a lot lately.
Q: Why do you pay $50,000 a year for a house manager?
A: The short answer is that I am buying [...]

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Do you belong in NYC? Take the test

Posted to: Fulfillment |  Money
June 11th, 2009
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More than 80% of young people say they want to live in New York City, according to Time Out New York. I can understand that. I lived there for seven years. Of course, NYC is amazing. But I have also lived for about ten years each in Chicago, LA, and Boston. And now I live [...]

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New gender gaps for the new millennium

Posted to: Entrepreneurship |  Money |  Parenting |  Women
June 2nd, 2009
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I have said about ten million times that there is no more glass ceiling, there is no more salary gap between men and women, and there is no reason to keep bitching about sexual harassment because it’s merely a legal issue, not a men-are-evil issue.
Okay. So if the gender gaps are not around these feminist [...]

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How to decide where to live

Posted to: Fulfillment |  Money
May 21st, 2009
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Three years ago, I made a decision to move from New York City to Madison, WI based purely on research. I put economic development research together with positive psychology research. Then I combed the Internet for city statistics, and I moved. (If you want to read the research I used, I linked to it all [...]

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6 Tips for being a CEO without ruining your kids’ lives. I hope.

Posted to: Entrepreneurship |  Money |  Parenting
April 29th, 2009
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I get questions all the time about how I manage having kids and a startup at the same time. After trying to answer the question a few times, I realized that there's the pretty-much-BS answer about how it's all about being clear on your values. Or there’s the complicated, too-long-for-interviews answer.
To really get tips for [...]

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For a startup, money doesn't solve problems, it just changes them

Posted to: Entrepreneurship |  Money
February 26th, 2009
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We finally locked up funding for my company. There are some catches, though, and one of them is that we can’t use the funding to pay back debt.
This is a problem because our company has been out of money, pretty much, since November. We have revenue, but not enough to cover operating expenses. So we’ve [...]

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5 Emerging trends from the recession

Posted to: Goal setting |  Job Hunt |  Money |  Women
February 20th, 2009
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As the recession persists, we can watch social shifts and cultural trends. Some are good, some are bad. But in either case, one way to control how the recession affects you is to watch the larger trends and decide where you want to fit.
Here are five trends that are emerging in the face of the [...]

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Twentysomething: Obama's salary caps should cap hours too

Posted to: Money
February 9th, 2009
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This guest post is part of the Twentysomething series of guest posts that I run periodically.
Today's guest post is an open letter to Obama from a twentysomething investment banker working in a London office of a US bank. The letter is in response to the salary caps Obama is putting on bankers who receive [...]

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High-income women get more oral sex. Maybe.

Posted to: Fulfillment |  Money |  Women
January 6th, 2009
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It is well known in the sex research arena that the more educated a woman is the more often she will receive oral sex.
I have always wondered if this is true for salary as well. For example, if your salary goes up by $50,000, how much more likely are you to receive oral sex?
I cannot [...]

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Figure out how much you should be paid (and three cheers for transparent salaries)

Posted to: Money |  Office Politics
July 11th, 2008
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Do you know the salary of every employee at your company? I think you should.
I mean, who is being protected by secret salaries? Certainly not the employee—the more transparent salaries are, the more accurately an employee can assess his or her value to a company.
You'd think that companies benefit from secret salaries and that's why [...]

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How I started taming my workaholic tendencies

Posted to: Knowing yourself |  Money |  Time management
June 27th, 2008
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After my first visit to the farm, I quickly invited myself back. "I'm coming there without my kids," I told him.
When I got there, he made me hamburger that was shaped a little too much like how it might have looked in the cow's body, and then he asked me what I wanted.
"I want this [...]

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Career Lessons from Eliot Spitzer’s Call Girl, Ashley Dupre

Posted to: Money |  Self-management
March 24th, 2008
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In the train wreck of Eliot Spitzer’s political career, there are many workplace lessons. And lots of people are talking about Spitzer’s career. But what about the call girl?
Ashley Dupre, who was Kristen in bed, was no slouch in the career management department. Sure, her breasts are plastered all over the Internet, but don’t be [...]

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How to deal with getting fired (from Yahoo)

Posted to: Journalism |  Money |  Office Politics
December 27th, 2007
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I just got fired from Yahoo Finance.
The long road to my quick termination started in the spring, when I grew friendly with one of the higher-ups in engineering at Yahoo. When he became my boss's boss's boss at Yahoo, he suggested that we meet if we were ever both in New York at the same [...]

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How to decide if your commute is too long

Posted to: Money |  Time management
December 20th, 2007
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The average daily commute in the U.S. is about 25 minutes. The shortest average daily commute is about 15 minutes for people living in Midwest cities like Witchita, Omaha, and Tulsa. New Yorkers have the longest commute — 38 minutes, which is six minutes longer than the average commute time in Chicago. The average commute [...]

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Twentysomething: Preparing for life without health insurance

Posted to: Entrepreneurship |  Money
October 2nd, 2007
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By Ryan Healy – About a month ago, my brother, Dan, was in the hospital. Originally, the doctors told him he had a small cut, and he should use some Neosporin to prevent infection. A couple of days later, they told him he had a staph infection. Staph infections are bad, but for my brother [...]

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Yahoo column: Five financial tools you shouldn't use

Posted to: Money
August 16th, 2007
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One of the ways I got my nearly disasterous financial life back on track was by reading a lot of economic advice online. It helps to be part of a community of people thinking hard about their values and their money and the alignment of the two. And it helps to read a wide range [...]

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5 steps to taming materialism, from an accidental expert

Posted to: Money
August 7th, 2007
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When I was a kid, there was money everywhere. My great grandpa was a lawyer for the Chicago mob in the 1920s, and today, my dad's generation is still living off that money. Sometimes I wonder if the key to being able to squash materialism is to have a lot of it as a kid. [...]

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New research reveals some new ways to buy happiness, sort of

Posted to: Fulfillment |  Knowing yourself |  Money
July 11th, 2007
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It turns out that money actually can buy happiness, but not a lot of it. At some point, well under $100,000, the happiness value of a dollar starts to plummet, according to Richard Easterlin, economics professor at University of Southern California. This is because social interactions impact happiness more than money does.
But here's a new [...]

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