Investments

Two weeks ago my daughter asked me for some help on a school math assignment. She was given an imaginary $100,000 to invest in ten stocks and track how they performed over the course of two weeks.

In selecting her stocks, she picked things she believed in or liked. She likes to listen to music, so she chose Spotify. She loves to read, so she chose Scholastic.…


A new way to give thanks this Thanksgiving

This week provides a welcome respite for many, as we put aside our daily troubles, gather with family and friends, and pause to give thanks for what we have and those who helped make it possible. 
 
It can come in the form a few words over a meal, a phone call or a prayer.  All are valuable practices in gratitude.
 
But often these moments can be fleeting and soon replaced by Black Friday sales, workouts, and holiday movies.


Would you like more or have you had enough?

In his brilliant new book, We are the Weather:  Saving the Planet Begins at Breakfast, Jonathan Safran Foer recites a common definition of the American Dream as “having a better life than one’s parents – better primarily in the sense of affluence.” 

He describes how his grandparents had a better home than his great grand parents and how his parents had a better home than his grandparents AND how he now has a better and more valuable home than any of them. …


What kind of ancestor do you want to be?

This powerful question comes from Rom Mokak,  Australia’s first Indigenous Policy Evaluation Commissioner.  It is a question that the Yawuru people ask when a major decision is to be made for their community.

When I first heard this question, it made me think of what kind of steward I am for not just my children’s future but for their children and their children and so on. I…


Set for Life?

One night last week, while walking my dog Scout, my mind wandered on to the topic of risk.

I was lamenting my own sense of risk aversion. As long as I can remember, the fear of loss has always outweighed the joy of gain in my own mental risk calculation. 

Then looking down, lost in my own head, I found a lottery ticket resting in the street.  It’s…


Where does wealth come from?

By definition, wealth is “an abundance of resources.”  In other words, you have more than you need.
 
It may seem counterintuitive, but research shows the primary determinant for wealth is not how much we make (income) but how much we are given (intergenerational transfer). 

This can come in three forms.  

  • Inheritance that is passed down upon the death of a parent or grandparent or other older relative.

This Is Me vs. This Is Us

This devastating article details the lengths to which a private school went to drive their students into college. It included allegations of abuse, falsifying transcripts and encouraging students to exaggerate the challenges in their life in their admissions essays. 

The idea was to “manufacture up-from-hardship tales that it sold to Ivy League schools hungry for diversity.”

In the fictional world of the TV show “This is Us”, a recent episode also focused on a character’s inspirational admissions essay. …


What Our Dogs Can Teach Us About Moving Up

As I write this, my two-year old Cairn terrier mix, Scout, is sitting on my lap. Occasionally, he rests his head on my right forearm, making the act of typing a more delicate matter.

The benefits of dog ownership are well documented. They improve both our physical and mental health, reduce stress, increase our sociability, confidence and sense of responsibility and generally just make us happier.  But…


Check Your Shoes

When you are born on the bottom rung and now stand near the top, you ask,“How did I end up here?”

When you grow up in trailer parks and now live in a beautiful home, you wonder, “How did I end up here?”

When no one in your family went to college and you now teach at one, “How did I end up here?”
 
The typical answer to these questions is “Hard work.”