Harnessing the Power of Not Yet

Power of Not YetLetter grades are one of the hallmarks of the American education system. Whether it’s an A or an F or something in between, letter grades define our academic abilities as students for nearly two decades of life. And then what? People still talk about succeeding and fret at the notion of failing. What would happen if we altered the verbiage and recategorized failure? 

That is, in fact, one of my favorite parts of summer school. Since these are non-credit classes given my students’ ages, I assess individual skill strands. I don’t have to worry about assigning letter grades that have to translate into GPA points and transcript data. My favorite category? Not yet. There is no F. There is no no. Instead, a student is either mastering a skill, developing a skill, or hasn’t done it quite yet. More chances will be offered, and there is more work to be done. She hasn’t failed. He hasn’t flunked. They’re just not ready yet.

As someone who obsessed obsesses over failure regularly, removing the notion of failing from my mindset has been liberating. I haven’t flunked personal finance. I haven’t failed a goal. I’m just not there yet. I’ll get there. I might be on mile two while everyone else is eyeing the finish line, but I’ll keep trudging on. In the spirit of summer school, here are my not yets–financial and otherwise. Continue reading “Harnessing the Power of Not Yet”

Harnessing the Power of Not Yet

Advice Needed: Savings Accounts…and Stealing?

DilemmaSometimes I think I should turn in my personal finance blogging card. This past week, I’ve been confronted with two different money dilemmas that have me stumped: emergency funds and found money.

I understand the basic principles of both. Emergency funds are one of the most talked about topics in personal finance. And na-na na-na boo-boo, finders keepers pretty much sums up my feelings on pennies on the sidewalk. But it turns out, I have a knack for complicating even fairly straightforward topics. Perhaps you’ve got some advice? Continue reading “Advice Needed: Savings Accounts…and Stealing?”

Advice Needed: Savings Accounts…and Stealing?

FIRE is in My Blood

FIREThe first time I mentioned the revolutionary concept of financial independence early retirement (FIRE) to my mom a few years ago, I was met with a scoff. She applauded the idea of financial independence. But early retirement? It was met with pursed lips, a decided frown, or the click of her tongue behind her teeth every time I mentioned it. Try as I might, I could not levy enough evidence or anecdotes or blog posts to make her sweeten on the idea. Perhaps the concept was just too abstract. But then I took a step back and started to see my mom for who she really is. 

Continue reading “FIRE is in My Blood”

FIRE is in My Blood

Simple Advice to Combat Investing Woes

Investing WoesMy husband doesn’t read my blog. He convinced me to start it, cheered me on enough to actually convince me to purchase a domain name and self host, and that was about it. Except for one day very early on when he clicked and clicked to get my page to 100 views…and promptly got busted by moi.

To say he’s not interested in personal finance is an understatement. We make smart money decisions together, but it’s not his hobby or his passion. So imagine my surprise when the stock market tanked this past August and again at the start of this year, and Mr. P started spouting off investment advice like he was Warren Buffet read a blog even realized the market was crashing.* Here are some of the little gems here’s shared with me over the past few months: Continue reading “Simple Advice to Combat Investing Woes”

Simple Advice to Combat Investing Woes