My sister just shared this video on Facebook and I immediately was sucked in. It reminded me of fast poetry and the likes of something I would watch and be interested in – in college, especially during my feminist stage. Regardless it is the message that is so important. “Take Up Space.” Yes, do it. I finally did.
After so many years (and something I have often blogged about) where my dad was so keen on reminding us that children were to be seen and not heard, it took me to my junior and senior years of college to realize I was NOT taking up any space. Being seen and not heard was so ingrained in who I was, that I did not know what it was like to say what I thought. I was on the quieter side. Eventually through my women’s study classes, and learning more about “voice” I realized how much I really had to say.
In order to truly speak up and talk I needed to take up space. A novel idea to someone who for so many years was basically told to be invisible. I know I was/am like so many women that struggle with taking up space. Instead of hiding or being quiet — instead say what you need to say. Say it again. Take up some space.
Sometimes you see something in life that just inspires and makes you think “I want to be able to do that.” I grew up in a small Midwest town, and well let’s just say nothing much happened in my small town. Sure there was crime and the usual everyday life, but for the most part it was just boring. I went off to a boarding high school, then to college, then to Boston. Somewhere along the way I grew interested in graffiti. I definitely did not find that interest from my small town. If there was tagging of any kind, it was with a non-artistic kid that went rogue with a spray can either because they were bored or because maybe someone had pissed them off and they decided to get back with a paint can.
I find it interesting that graffiti originates back to Ancient times, and today it can have a positive or negative connotation. In some neighborhoods, graffiti is welcomed as it means kids are off the streets and putting their energies into an art form. In other areas, it is looked at as controversial because of what the art might depict to other community members. Either way, I always gravitate towards graffiti that is done well, even if sometimes I find I do not understand what I am looking at – isn’t that the case with many types of art? You see what you see, or you see what you want to see.
Take a moment to watch this five-minute video of a graffiti installation (or part of it). The amount of time that must have taken, and the creativity and talent of these Australian graffiti artists.
Money is on the brain this week. It is official — the early bird does get the worm. I recently came across a Dave Ramsey money article that especially peaked my interest. It basically is the simple truth about money that almost all of us probably know. Yet, the visual he shared just hits you smack in the face.
I do not want to steal the visual from his website, so I will explain and link back to his site for the full picture. Meet Ben and Arthur. Ben starts investing at age 19 and puts $2000 in an account each year for 8 years straight and then does absolutely nothing with the account until he retires at the age of 65. A total investment from the ages of 19-26 of $16,000. A lot of money to put away in those early years of his life. Arthur begins investing $2000 when he is 27 years old and continues to put $2000 away from 27 to when he retires at age 65. Arthur invests a total of $78,000 over 39 years. A difference in $62,000 in the amount that was actually put away between Ben and Arthur.
The result: at age 65 Ben has $2,288,996 and Arthur has $1,532,166. Ben came out $700,000 ahead by starting 8 years earlier and only put away $16,000. Compounding interest is an amazing thing. How do we spread the word? I do not know many 19 year olds that a) care about investing, b) truly understand compounding interest, c) have $2000 a year they can or want to spare.
Why not have a prerequisite that you have to complete a personal finance class to make it out of freshman year of college (no matter what your major). Or maybe it is a class that every high school graduate must take (since many might never go to college). The class could teach many types of life skills, and maybe those that truly understand it might actually decide not to purchase that video game they are dying to have and rather put a bit more into their retirement.
To think that all it took was $16,000 for 8 years, rather than $78,000 for 39 years. If I only knew when I was 19 what I know now, I might have made very different choices, especially thinking of that $700,000 difference at age 65. How do we make compounding interest sexy?
How did you learn about money? Did you learn in college when a credit card company sold you on all the benefits, and then you maxed it out not really knowing the repercussions? Did your parents teach you? Did you learn in school?
We can only truly take ownership of our money when it truly belongs to us. I remember when I was nine years old I had a paper route. I would usually keep some of my earnings and would give some to my parents to put into my savings account. My tips usually were my “candy fund” where I would ride my bike on a path that had been worn by the neighborhood kids to the Village Pantry. There I would select something or many things depending on how much money was in my pocket. There was rarely candy in our house, and occasionally we had some at my grandma’s house. So for me, candy was a treat. It was something special.
I truly believed the money I made on my paper route was my money. I worked hard for it. It was my choice to buy the candy. It was not my choice to never receive my money that I was told was put into savings. I have no idea now how much money I never saw. I trusted my parents to put it in my account, never knowing that was not happening. Which is why I loved reading the book: “The First National Bank of Dad: The Best Way to Teach Kids About Money” by David Owen. He talks about how he teaches his children about money. He sets up his own bank and a version of the stock market from his house. One idea he shared was about how kids have to know that the money belongs to them. If they know that, they will make different choices about money.
“My children’s accounts belonged to them alone. When they saved, they reaped the benefit; when they wanted to spend, they didn’t need permission. If my son decided to withdraw twenty dollars, I didn’t ask him why he needed the money—just as my bank doesn’t ask me. What he did with the cash was his business, as long as his balance was sufficient to cover his withdrawal. Why do kids need to control money of their own? Because if the money they spend money of their own? Because if the money they spend isn’t truly theirs, they have no compelling reason to pay attention to how they spend it.” Page 41
An interesting idea. I do remember having a savings account ledger and looking at it from time to time. I was more of a saver. I liked watching it grow and knowing I was working hard as the money accumulated. With the exception of my Village Pantry runs, I really did not spend that much of my money. Although I will never know how much never made it to The First National Bank of Tami. Alas. Live and learn. I will be teaching my kid(s) to take ownership of their money, and to know how to track what they take out and what they are earning. And, no, I will not steal a penny from them. If you have kids, I definitely recommend reading Owen’s book.
Where do we learn the behaviors that make up who we are? For some reason I was retrospective today. Thinking about my childhood, my teens, college, and my early professional career. At each stage I was a different person and I am still growing into who that is today.
As a kid I was definitely strategic (even if I did not know it at the time). I would find a way to con candy out of the old ladies at church (maybe I would not have resorted to it if it was given a little more freely at home). I learned early on that my sister would get sick on rides at the county fair, so if I asked to go on the spinning ones first I could potentially get the rest of her ride tickets. I was often quiet in the presence of my father when I knew he was in a bad mood, I did not dare piss him off. And I was fun and playful. I liked to be silly.
Somehow as I grew into being a teenager, I grew quieter and more introverted. I had seen too much in my life. Death, anger, poverty, sickness, desertion. As I look back at my senior year of high school, I feel a sadness. I barely made it through to graduation. I was lost and sad, but did not really know it at the time. On the outside I probably looked fairly normal. I was social, had friends, was a cheerleader, but my sadness came from not really having a home or parents to ground my day-to-day life. My last three years of high school were spent at a boarding school, so living away from home (that did not exist) sans parents was strange and so different from my classmates and friends. There was no one I could really relate to.
In college, I eventually found my way and I found my voice. That voice evolved into my professional life and experiences. I began to speak up for what I believed in without fear and decided that I had something to say and did not care what others thought of me.
Throughout it all I have been strategic, relentless, and thrifty. When I decide I want something I figure out how I am going to get it. I had to be that way. No one was taking care of me through high school or college so I learned early on to depend on no one but myself. While I now have people I depend on in my life, there is still always a thread that floats in the back of my mind. Will they drop the ball and I will have to pick it up? Will they follow through with what they said they will do? Each stage of my life has evolved into who I am today. Strategic, sometimes introverted, sometimes extroverted, intuitive, blunt, thrifty, and relentless. I have to trust you, and when I do the rest is history.