Why Women Don’t Ask

Although the wage gap between men and women has been widely publicized, it hasn’t narrowed much in a decade.

In article, The Simple Truth about the Gender Pay Gap (Spring 2015) the author says:

“In 2013, among full-time, year-round workers, women were paid 78 percent of what men were paid.”

Research as to why women get paid less shows multiple reasons. They don’t try to train for the high paying jobs. They have to take time out from their career to bear and (usually) raise the children. They work more part time jobs than men. They don’t ask for higher pay or more opportunities or promotions. Sometimes they don’t even think about what they could want or ask to receive. Continue reading

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Grandma Rie’s 2015 Money Camp Plans

Teaching the next generation to successfully handle money and personal finances is normally a family responsibility. Although parents bear much of the burden to teach, train and model good personal finance, extended family members can also contribute.

Although my grown children do very well in the personal finance arena, they learned from us by osmosis, without any special or formal training by my spouse or I. When they presented me with grandchildren, I vowed that I would take an active part in teaching financial literacy to them.

As a result, I started a one week ‘Grandma Rie’s Money Camp’ in 2011 and held our fourth annual one this year.


This year’s camp will held just for the two grandchildren, a boy just 11 and a girl almost 8. My grandchildren’s other Grandma will participate with me in this years camp.

Long range planning

Earlier this year, I sat down and thought about the long range goals of our Money Camp. Before I know it the kids will be teens and not very interested in going to a Grandma camp with their precious time. However, as long as there is interest I plan to continue.

From basic concepts about currency identification and value to more esoteric topics such as the psychology of money, I jotted down the things I felt were important to pass along to our next generation. I gleaned some of my ideas from books such as The Young Investor by Katherine R. Bateman, Raising Financially Fit Kids by Joline Godfrey and Granddad’s Money Camp by Dr. George H. Meyers. Other’s came from discussions in our family meeting about what our family values are and still others from things I felt I had lacked or had neglected to teach my own children before they grew up. Continue reading

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The Future of Personal Finance Record Keeping

The other day, I was looking (longingly) at a new laptop at the store.  I keep my personal finance records totally separate (as much as possible these days) from the internet, to attempt to avoid data or identity theft.  Today those records exist soley on the hard drive and diskette backup of my 2000 era desktop computer in a very old version of Quicken.

As I looked around the electronics department, I wondered, why not go to a tablet.  It would be easier to use.  In researching the applications I could use to track my finances, though, it quickly became apparent that I would need to store my data on a third party server or even ‘in the cloud’ – something I’m not totally comfortable with today.

That made me wonder, what will the future of personal finance record keeping be? Continue reading

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Money in Your Twenties, What Would You Do Differently?


1956 calendar

This week I had an inquiry from Jackie, asking what I did successfully in my 20’s and if I could go back in time, what would I do differently – saying:

“Your 20s are typically the perfect time to start planning for retirement, but sometimes life gets in the way.

What did you do successfully in your 20s, or if you could go back in time, is there anything you would have done differently to ensure a better financial future sooner in life?

In a post on Family Money Values, I would love to hear your thoughts on how you could have built your financial safety net in your 20s better–and how you can start it now if you haven’t already. What would be your ideal retire at 65 plan?”

In answer to that, I’m going to repeat part of the story I told in my book Choose Wealth! Be a millionaire by midlife. In Chapter 4, I talk about my journey to becoming a millionaire, particularly some of the mistakes I made in my youth. Continue reading

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More Kids Making Money

When I was a kid in the 1950’s there weren’t too many ways to make a buck before you turned 18. At least, I didn’t know about many. Neighborhood jobs like lawn mowing or newspaper delivery or babysitting (once you hit age 13 or 14) were about the only things available.

Because I’m trying to help my Grandkids understand that they have options on how to make money, I set out to find out what younger kids do these days to make money.

In my first post (Kids Making Money), you can read about a couple of girls making money online, one with a You Tube channel and the other selling a toy.

Here are a few more things that real kids are doing in the 21st century to make money before they are old enough for burger slinging. Continue reading

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Kids Making Money

Most of my ancestors and relatives worked for someone else to make a living. So did I, in my main career as a Software Development Manager. Successful entrepreneurship was not demonstrated in my family, so I had no frame of reference to know that it was a normal activity. Yet making it big in one lifetime, like Bill Gates or Steve Jobs usually requires building a successful company.teach kids to sell

That is why I am trying to model and teach entrepreneurship to my grandchildren. I want them to know that they CAN, if they wish, pursue a business of their own.

To that end, this year in Grandma Rie’s Money Camp  we are going to explore ways other kids are making money. Continue reading

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