| As you know, I love history, but I appreciate many people don’t. |
| I am one of those people, so not sure where you are going with this. |
| Exactly. So, when you first wanted to talk to me about the history of credit cards, I should have known something was up. |
| Or, at least been curious. |
| How was I supposed to know it would make a difference in my life? |
| Why else would I want to give you a “history lesson”? |
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Black
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| I don’t know. But in my defense, my husband had just gotten fired, and I was freaking out about a million things, so wasn’t in the mood for a history lesson. And when it came to dealing with our credit cards, I just wanted to be told what to do. |
| I found it ironic since you always tell me understanding history is critical to understanding how we got to where we are today. |
| That’s in the context of world events, not my personal life. |
| The logic holds in both scenarios. That is why I insisted you learn about the history of credit cards. I knew it would help you. |
| Help? It ultimately made all the difference. Not only to me but also to the students we taught at KIPP Houston High School and the hundreds who attended our many student presentations. Not to mention countless adults because most of our speaking engagements include a segment on credit cards. |
| It all started in the 1920s with gas charge cards, which were marketed to traveling salesmen as a convenience so they would not have to carry cash. They were “charge” cards in that you charged your purchase and then paid in full at the end of the month. |
| When you first explained it, I didn’t think much about it until you asked me where, if I had a Shell card, I would most likely buy gas. |
| It was a very clever business angle. Gas cards soon led to general-purpose charge cards, like Diners Club and American Express, with the companies making money off the businesses accepting them. |
| Growing up, I remember Daddy having a Diner’s Club card. I found it interesting you could use a little plastic card to pay for a meal instead of money. It was like magic. |
| Then, in the late 1950s, Bank of America … note the word “bank” … issued the first “credit” card – meaning they were extending credit to the cardholder. And, charging interest if they carried a balance. |
| The first time you told me this, I thought it might come in handy if I found myself on a game show, but wondered what it had to do with my credit card debt. |
| In a word … everything. Although credit cards were marketed as a convenience to replace carrying cash or having to write a check, issuers knew they were so easy to use that many people would carry balances. And, they would make money off those people. Lots of money. |
| Easy is an understatement. But it certainly explained our mountain of credit card debt. |
| Would you have looked at them differently if they had been marketed as consumer debt or financial aid? |
| That sounds more like warning labels than something to make your life easier. |
| Exactly. Marketing at its best. Not only convenience, but they were selling “priceless” experiences. Except they carried a huge price tag if you did not have the money to pay the bill in full when it arrived. |
| When we taught at KIPP, that message didn’t sink in how I wanted it to. So, I told them to imagine getting dressed up, walking into a bank, and asking to speak to the loan officer. When asked the reason they wanted a loan, they’d respond with, “I saw a great pair of shoes at the mall and want to buy them” or maybe, “I want to go out with my friends to see the latest action blockbuster movie and then go to dinner.” |
| Yes, and they all started laughing. Until you told them that when they were old enough to have a credit card if they knew they did not have the money to pay the bill when it arrived, it would be no different than a bank loan, except the interest rate would be higher. |
| I even started calling credit cards “loan cards”, which definitely made an impact on them. When we tell that story at speaking engagements, I know it hits home for lots of men and women, even if they don’t want to admit it. |
| I bet many of them can relate to your initial reaction when I suggested you use credit cards as charge cards were first intended … “You mean pay off what you spend each month? Do people do that?” |
| For most of us “mere mortals,” it’s an interesting concept. And, although it may not always be realistic, it’s a new way of looking at credit cards. |
| Actually, it is a very old way. The original way. |
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April is Financial Literacy Month, so what better time to remember the history – and true purpose – of credit cards? Not as a line of credit or endless funds to buy things, simply as a convenience tool, nothing more.
How you celebrate July 4th may change from year to year (Red will still enjoy a quiet holiday, but this year will be reading as it may take all summer to get through “War and Peace”), but what should never change is remembering WHY (one of Black’s favorite words) we celebrate as well as the sacrifices made to live in a free country …
| This is going to be a very unusual July 4 th for me, with neither girl being home. Natasha always hated the fireworks, but Sawyer would insist we do all the traditional things – barbequing, lots of watermelon, and then watching the fireworks in the Texas heat and humidity. So, this year, I plan to make it a really “cool” holiday … staying in the air-conditioned house, watching a movie or one of my TV series, and celebrating my day of independence from any “mom” responsibilities with a big bucket of freshly popped popcorn! |
| Well, everyone celebrates differently. But, when I think of Independence Day, I think about the challenges our Founding Fathers faced when they drafted the Declaration of Independence , especially as they did not always agree on issues. Challenges our nation continues to face (it is a holiday, so I will not get into the increasingly divisive aspects of politics). And, I cannot help but wonder how many people realize the extent of the sacrifices made by those who signed it in exchange for our country’s freedom. Which is why, as we celebrate July 4th, we need to remember, |
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.
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What do you get when you cross Flag Day (June 14) with June being Effective Communication Month? Well, if you include Black in the mix, you get one of Red’s favorite memories … and a unique way to think about the importance of communicating – whether in your personal or professional life. And especially if you’re in a racecar!
| This past weekend, I noticed a bunch of flags on my street and wondered why since July 4 th is still almost a month away. But this morning, I learned that today's Flag Day. |
| Well, for someone who likes to decorate for the holidays, I would have thought you would have known all about it. |
| I've heard of it, but I never really thought much about it, let alone when it is. I knew it had to do with the American flag, but it surprised me that it has nothing to do with Betsy Ross, which legend has made the first flag, although it seems there's no evidence to support that. |
| If you want an interesting "story", read about why the American flag is called Old Glory . Regardless, the American flag, like all flags, communicates a message. |
| I know you like to connect odd dots, but only you would see a connection between flags and communications. |
| Not really. In the case of the American flag, they needed something to communicate a new nation fighting for its freedom . But remember when I gave Natasha a set of racing flags years ago? |
| How could I forget? It was a very difficult and challenging time. And although you had already made me realize that different people like to communicate differently , the problem with Natasha wasn't so much how to communicate with her as figuring out when. We were frustrated and walking around on eggshells because we never knew when she was in a good mood or a bad mood, when it was safe to talk to her, and when she needed to be left alone. |
| Sometimes flags are the perfect way to communicate a message when words are not an option. |
| Leave it to you to use racing flags to solve what seemed like an impossible situation in a way that was not only clever but appealed to her because of her love of cars and racing. And we know where she got that from! |
| It just seemed logical. As did the cheat sheet where I basically "translated" the racing meanings of the different color flags for your use. For example, in racing, a green flag can either be the start of a race, a re-start, or just displayed to communicate safe racing. With Natasha, it would mean it was "safe" to talk to her. In racing, a yellow flag means caution and to slow down, which needs no further explanation. |
| I remember her telling me, quite emphatically, that a black flag means "Go away." Which made me laugh because it just seemed so, well, appropriate, given that's something I could see you saying. |
| On the track, it means to go to the pits, usually because you are in trouble. So, I cannot argue with your comment about it being appropriate for me. But, keep in mind that a red flag means to "Stop!" |
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There’s much debate about the role America should play in world politics and standing by our allies, and we can’t help but wonder … how many people look at history before forming their opinions? Which is why we feel so strongly about remembering D-Day (and are rerunning the post below), which is about so much more than just a day …
| I still can’t believe you didn’t know what D-Day was. |
| All I knew was it had to do with World War II and beaches. And, required lots of strategic planning. Remember, I am not a history buff like you. |
| Or a movie buff. There has been an assortment of D-Day movies, and I wouldn’t expect you to have watched the older movies, like “ The Longest Day” with John Wayne, but I figured you’d have seen “ Saving Private Ryan .” |
| The Tom Hanks movie? It was a great war movie, but from what I remember, it was about the search for a particular soldier during WWII. Although I remember the opening scene showed the horrors of war. Regardless, I do not get my “history” from movies that might take literary license for the sake of storytelling, even if Steven Spielberg’s movies are mostly accurate. |
| That opening scene WAS D-Day. |
| I know that … now. I always remembered D-Day fell on June 6 because Mom and Daddy got married on June 6 (1950). And, almost 40 years later, you got married on their anniversary. |
| Well, that’s ancient history. And unfortunately, my marriage wasn’t as successful as D-Day. Although I’m not a WWII expert, D-Day’s also known as the Battle of Normandy and considered the beginning of the end of the war in Europe. It was an incredible turning point and changed the course of the war . And history. |
| I have always found it fascinating how a singular event can turn the tide, not only through its success in the moment but in its ability to inspire people. How bravery, perseverance, and the willingness to fight for what you genuinely believe, to the death, if necessary, is extremely powerful. |
| Are you talking about D-Day or more recent events, such as the war in Ukraine? I can draw parallels as they’re both about fighting for freedom in Europe, which also impacts the world. But it’s as if people refuse to learn lessons from history. And we live in a world, in a country, that’s becoming more and more polarized, with seemingly fewer and fewer people willing to put the greater good above themselves. |
| That is why days of remembrance, such as D-Day, are so important. I may not have known the specific details, but that does not stop me from appreciating and respecting the sacrifices that so many made for our country. At the time, those soldiers may not have known the far-reaching impact of their actions, or even whether they would be successful, but that did not lessen their commitment and bravery. |
| I can’t imagine the feeling of responsibility and willingness to die for the future of the free world. Historians regard it as one of the greatest military achievements ever, but not to lessen its significance, and I’m almost embarrassed to admit this, but I’ve never known what the “D” in D-Day stands for? Maybe Departure, Decision, or even Doomsday? Although I could make a case for Democracy, Determination, or Daring. |
| How about “Day”? And no, I am not being sarcastic. “ D-Day” was an Army designation used to indicate the start date for a specific field operation. So, it does not stand for anything. At least, not at the time … because D-Day now stands for so much. |
To honor the significance of D-Day, consider taking a few moments for these inspiring quotes.