Archive for the ‘Family’ Category

Debt free before retirement.

Tuesday, September 27th, 2011

It’s funny, until listening to Dave Ramsey, and being reminded of what he says by my wife, I thought it was more important to save for retirement than get out of debt! Now that I have some perspective, it makes a lot of sense: pay down / off my debts before setting aside money for retirement. I’ve started doing that. In fact, I took money out of retirement savings to pay off the financial remains of delivering a baby.

I don’t have much in long or short-term savings. In fact, for the most part we live paycheck-to-paycheck, but that’s not because we don’t make enough money. It seems to be the result of poor spending habits and the I-want-this-now effect. I’m working on a budget, and mentally preparing myself for fewer (if any) meals out, along with a sabbatical from buying new clothes.

I’m excited about my family’s financial future. I’m 29, I have a great job doing what I love. Ideally, we’d have $20K set aside in some type of investment vehicle, but we don’t. No problem. I can’t change the past, but I can plan for the future by working on the present. The feeling I got from paying off nearly $2K in hospital bills this morning was uplifting and liberating – I want to feel more of that. I can imagine what it feels like to be totally debt free. Here I/we come! :)

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The Working Poor

Tuesday, May 3rd, 2011

An interesting quote from The Working Poor by David K. Shipler:

Winston Churchill once remarked that democracy was the worst system ever devised, except for all the others taht had been tried from time to time. The same could be said about capitalist free enterprise: It’s the worst–except for all the others. It has a ruthlessness about it, a cold competitive spirit that promotes the survival of the fittest and the suffering of the weak. But it also opens opportunity unparalleled by communism, socialism, or any other variant so far attempted. The sense of injustice that other systems also fail to practice. The American ideal embraces an equality of opportunity for every person but not an equality of result. In fact, free enterprise thrives on difference–the difference between the owner and the worer, the educated and the less educated, the skilled and the less skilled, the adventurous and the timid, and ultimately the rich and the poor. That differentiation, particularly the freedom to hire labor at relatively low cost, has fuled the entrepreneurial risk-taking so essential to a robust, decentralized economy. It is a highly regulated economy, woven with legal and contractual restrictions on abuse. But those regulations, aimed at protecting health, environment, and employees’ well-being, are kept in check by constant debate across the American political spectrum; they have not been allowed to suffocate private business, which needs space to maneuver, invent, and grow.

I agree.

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Master Status

Wednesday, March 30th, 2011

Earlier this week I stopped by Virginia Western, well, technically ODU on Western’s campus. Among other things, I went by the library and checked out a small stack of books. The first in the stack I started today, Dalton Conley’s The Pecking Order, a book about the affects of family on the economic prosperity, or disparity (as it were) on an individual – subtitle: “Which Siblings Succeed and Why”. The book is incredibly intriguing and has helped answer a lot of questions I have had about myself and my own familial influence.

Throughout the day I’ve been thinking about my family, the choices I have made and trying to connect the dots as I think back over the memories of my past. I remember my Mom as organized and my Dad as a hoarder and disorganized. I used these terms rather loosely, but it wasn’t until now that I realized I defined my parents by these terms. I didn’t know what to call it, it’s just what I did. Dalton changed that when he introduced me to the term “Master Status”:

[...] a perceived characteristic that colors the way everything else about a person is viewed. It becomes the first thing that someone thinks of when that person come to mind. Examples of master status include being completely bald (particularly for a woman) or having hair down past one’s buttocks (especially for a man); being a Kennedy, HIV-positive, or disabled; having won the Nobel Prize in literature.

He goes on to say that  most of us do not have a master status, at least not in society at-large, in my opinion. As children we look up to our parents and inadvertently create a sort of perception of who our parents are and by this perception we know them. When someone asks me about my Mom I tell them she’s organized. Likewise, when asked about my Dad I tell them that he has a tendency to keep things and is seems to be most comfortable when things are in disarray. My daughter has cerebral palsy, her ‘master status’ with which I have a tendency to define her.

I continued to ponder on what this meant in terms of other people’s perception(s) of me. What do people think of me? What is my master status? I took it a step further, heavily influenced by my unborn 30-week old baby, and began to consider what my daughter does, and children will think of me. I have lived a rather chaotic life with little consistency and regularity and I can’t seem to identify a single characteristic or attribute that I would use on myself.

I guess as my children grow older, whether I want them to or not, they’ll develop their own master status of me. It’s possible one child will develop a different master status of their father than another, not likely, but possible. I say not likely because siblings tend to have a strong influence on each others perception of their parents, at least that’s how it is in my family.

I haven’t come up with my desired master status, but I can’t stop thinking about it and will likely share it when it comes to mind. Beyond a defining characteristic we also tend to have many other minor, or slave statuses – consistent behaviors or idiosyncrasies on which people rely to describe us. For as long as I can remember, my Dad would always fill the gas tank of all cars on Saturday night. This was to avoid the need to buy gas on Sunday, aka. honoring the Sabbath. This behavior was something my father did out of respect for the Lord, but developed in me a bizarre sort of trust in him. I knew I could count on his filling the gas tank, although his reasons were irrelevant, it was consistent and it encouraged me.

My mother and I are very alike in that we both flit from one all-consuming activity to another. I have a harder time isolating any ‘minor statuses’ of my hers although I know I can depend on her master status of organization. In each of her endeavors she carefully plans, and masterfully executes – in both of which I can trust and appreciate.

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