Money

8 New ways to think about financial security

Generation X is the first generation in American history that earned less than their parents. Generation Y is the most in-debt generation in American history (and the early American colonies were built on indentured servitude, so that’s saying a lot.) We are in an era of financial ruin. Generation Z will face this with a …

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How to understand your relationship to money

Here’s a phone call I had with the Farmer, last summer, when I was at a cello institute with my son:
Me: We have bites everywhere. We are never going blackberry picking again.
Farmer: I don’t have bites. I don’t think it’s blackberries.
Me: They are itching. They are mosquito bites.
Farmer: I think they’re bed bugs.
Me: Country people always think bed bugs! …

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Work for yourself without financial worries

I am in Boston having post-traumatic stress syndrome from being too close to the town where I went to college. The kids are doing a music workshop and it’s in Newton, which is very close to Waltham, which is where I went to college. So I thought travel planning would be easy since I know …

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Attention to problems matters more than solutions to problems

Fortune magazine has started reporting about family in corporate life.
We all know corporate jobs are messed up. Fortune magazine is a monument to how messed up corporate life really is. In November, Fortune wrote that the company that Sheryl Sandberg, a working mom, runs, has employees “on lockdown” and their kids come to the office …

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8 Lessons about money I learned from my family

When I was growing up, we had stuffed lions from Harris Bank. We had enough Hubert Harris lions to make a whole zoo.  The lions made sense to me, because I thought of the bank as a warm and fuzzy place.

Really, to understand what I’m talking about, I need to tell you about money in …

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7 Big relocation mistakes

Last fall I took my kids to Hermosa Beach. It was a big moment for me because the whole time I was playing professional volleyball, in my 20s, I dreamed I would have a family and live in Hermosa.
It's a great beach town with top-notch volleyball. There's proximity to good career opportunities in the LA …

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How School Affects Future Earnings

The best way to understand earning power—no matter what your age—is to understand the factors that go into it. For example, most people who have careers that are plateauing usually have a learning problem that manifests itself as an earning problem.
And for parents, schooling discussions are really earning discussions. Because you can say that kids …

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When It’s OK to Take a Pay Cut

The farmer is separating his farm from his parents’ farm. To say this has been a summer full of drama would be a total understatement. I would say that the drama has gone from his larger family, to our little family, and now, to the economics of the farm.
This is probably where the drama should …

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Career Ruin: Homeschooling

When people tell me they want to stay home with their kids and they can't afford it, I want to yell at them about how when I was trying to write freelance and take care of the kids I had a babysitter refuse to come to the house because we had no food in the …

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Unhappiness is good for you

It's hard to confess to you that I'm happy on the farm. The Farmer and I are getting along well, and all that research about how if parents are in a happy marriage the kids are happier — well, that seems to be true for us.
So I spend my days writing career advice and reading …

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How to decrease your spending

I just got waxed. Everything off. Here’s a picture of Stephanie in action:

I love Stephanie because she is fun to talk to if I feel like talking and she leaves me alone if I feel like sending emails on my iPhone while she waxes. Or taking pictures.
I love the feeling of being neat and tidy …

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Beware of Leo Babauta’s minimalist lifestyle

I was talking with Leo Babauta a few weeks ago. The topic of the conversation was his new book, focus. But of course I am not good at focus. So here is a picture of a book I just bought that is not Leo’s book, but I really like it: The Selby is in Your …

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Salaries top out at age 40

Whatever you earn at age 40 is likely to be the top of your earning potential. This is one of a gazillion things I've learned from talking with Al Lee, the director of quantitative analysis at PayScale.
Al’s data, which is based on the careers of college graduates, is basically that the salary curve for most …

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Volkswagen Super Bowl ad is an anthem to Gen X

Now that I live on a farm, which, by the way, has been inescapable for three days because of snow, I keep up with the world by watching trending topics on Twitter.
Right now, a trending topic is “Volkswagen commercial” which is about their new Super Bowl commercial. Volkswagen has conveniently released the commercial early so …

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Achilles heel of minimalism: It’s boring

We took a trip to NYC because I was worried that we are were not being exposed to enough visually stimulating inputs. I want the kids to see new things, do new things, and I wanted to see the Barney’s Christmas windows. The theme was foodies. I was stressed that I was not up on …

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Frugality is a career tool

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

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

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

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

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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