| I hope you know that I immediately thought of you when I read that Axios article you sent me about keeping financial secrets from your spouse. |
| Why me? I sent it to you because the survey supports my position that people in serious relationships should exchange credit reports so that there are no surprises. Not to mention, they need to be open and honest about money. |
| Well, it reminded me of how you told me about lying to your husband when you blew your Ferrari engine. It was years ago, but I’ll never forget it. In fact, I still laugh and shake my head in amazement. |
| You really do need to get a life. |
| Admit it, there aren’t too many people that have “replace Ferrari engine” as a line item on their credit card bill or monthly budget. |
|
Well, it was not a planned expenditure. Although when the engine blew on the
racetrack, I was prepared in terms of knowing where to safely pull over and quickly
exit the car. |
| Of course, you were. But, at what point did you decide to lie to your husband about the cost of the engine? I still don’t know how much that engine cost, but he could easily afford to replace it. He was already paying for you to race Ferraris. So, why did you choose to pay for half of it yourself? |
| Trust me, even half was a big number. And, the 360 Ferrari Challenge had one of the best V-8 engines they ever made. |
| You’re avoiding the question. |
| When we got married, he made sure to keep all our assets totally separate. He knew I had some money of my own, although nothing on the magnitude of his, so it was not like I was hiding money. My racing was already costing him so much, so I thought paying half was the least I could do. |
| But did you tell him that, or just lead him to believe that his “half” was the “full” amount? |
| What difference does it make? |
| Is there a reason you didn’t want him to know you were trying to be considerate? Especially because when I went through my crisis, you always talked about the importance of having open and honest communication, especially about money. |
| I still feel that way, but a conversation requires more than one person. Since I handled most of his money for him, including the interface with his wealth managers and tax accountants, he made it very clear there was nothing more to discuss. And, any time I tried to bring up the topic of money, he would cut me off and just say, “Everything’s great.” |
| Well, it was. At least financially. |
| Yes, if you only look at the numbers. But, we had very different attitudes toward money, and that was something he would not discuss. Many people, regardless of financial status, are not comfortable talking about money. |
| I know my natural tendency is to avoid what I perceive as difficult conversations, which definitely includes money, but surely not everyone feels the way I do. |
| Initially, did you avoid financial conversations because you felt intimidated and confused, or because you were trying to avoid conflict? |
| Back then, both. Now that I have a better understanding of money, it’s just an awkward topic. Especially since most people don’t talk, they argue, about it. |
| Or, keep secrets or avoid the topic entirely. Which may seem “helpful” in the short term but are not long-term solutions. |
| Says the woman who ultimately got divorced. So, tell me, if you had to do it over again, would you have handled the situation with the Ferrari engine any differently? |
| Hindsight should be 20-20. Looking back, there were probably things I could have done to avoid blowing the engine. |
For those of you who have followed us for years, you know what’s coming … a naked turkey story. Because as soon as Black wrote it, it became a Thanksgiving tradition.
Black typically doesn’t reminisce, so her memories of a perfect turkey that made for a perfect Thanksgiving (for her) have become the perfect way for us to wish you a very Happy Thanksgiving. May your day be filled with family and friends and create memories that will last a lifetime.
Today is Thanksgiving, and I cannot help but wonder why we are online. However, everyone has their own way of celebrating. I know that Red is in the kitchen cooking – and watching a marathon of "The Godfather" movies. Which is perfect as turkeys take such a long time to cook and patience is important when you want it perfectly browned. So inviting, so appetizing, so … naked?
Growing up, our house used to be where everyone congregated for the holidays. Not because my mother was a good cook, or even liked to entertain, but because my parents bought a house on Long Island while the rest of her family continued to live in apartments in Brooklyn and the Bronx. In other words, they had the most room.
Thanksgiving was always a house full of people and everyone always gathered in the kitchen, which made food preparation a challenge. Especially as everyone loved to nibble on ingredients during the process. For the most part, Mom was a good sport about it. But, the closer we got to the turkey being ready, the more food she would move into the dining room, hoping we would follow the food.
I remember one year when the turkey cooling on the counter looked like something from a magazine – it was perfectly browned. Normally, it was splotchy, although you never knew it once my father was done carving it. (Although an engineer, he had dreamed of being a surgeon and every year as I watched him carve the turkey, I would think he missed his true calling.) Anyway, my mother was so proud of this perfectly browned turkey that she would not let anyone near it, and was delaying the inevitable carving.
However, she made the mistake of taking the balance of the side dishes into the dining room and my father must have been helping as my cousin and I snuck back into the kitchen. In a matter of seconds, we had striped that turkey naked. Enjoying the crispy skin (ok, this was well before the days we were told it was "bad" for you) and laughing until my parents returned to see what was causing the commotion.
Mom was less than pleased, while Daddy tried to hide his amusement. My cousin ran to the safety of his parents, while I stood there defiantly asking if could have a wing. To this day, I cannot see a perfectly browned turkey without remembering that Thanksgiving. And, I venture to guess it has become a favorite memory of my Mom's, as well.
So today, at the risk of being warm and fuzzy (which is Red's area of responsibility),
I want to wish you a Happy Thanksgiving … filled with memories that will last a lifetime.
People have told us they’re using our sisterly banter to start conversations with others (family, friends, and even in classrooms), so Black created “Conversation Starters”.
|
I’m really looking forward to Thanksgiving this year,
especially since last year was the first since Mom passed away, and the dining room table seemed incomplete. Which may partially explain why we ended up
sitting around the kitchen table and island instead. And that was wonderful – so relaxed, easy,
and fun – but I still couldn’t help but think of her not being with us. It’s funny because, over the years, even as
life changed, such as the girls growing up and going off to college, I’ve
always taken for granted that Thanksgiving would somehow always remain the
same, cooking the same dishes, with all the preparation beginning days in
advance. So, I'm not sure that I truly stopped and appreciated each Thanksgiving Day as I was so focused on everything I needed to get done. This year, though, I plan to take a moment to stop and think about some of the things I'm thankful for, and to start appreciating the day itself. To try to "be present", so to speak, in the present. |
| I know that Thanksgiving is about giving thanks, but what
you just described is gratitude. Gratitude is "deeper" than
thankfulness, and the best way I can describe it is … think about when
you might write a thank you note – someone gives you something or does something
for you. It is a fleeting event. Now think about if you were to write someone
a note or letter of appreciation.
You have repeatedly told me that mere mortals often need reminders, so what if this Thanksgiving you start a "gratitude habit"? Make a daily appointment with yourself to find a few quiet moments and write down at least one thing for which you are grateful. It can be as simple as sunlight on your face or the crunch of an apple. You are probably rolling your eyes right now, but it will only take a few minutes and can change your life. Or, at least, how you look at it. |
THE CONVERSATION STARTERS
- If you look back, what or who would you appreciate (or appreciate more) that you didn’t at the time?
- If you begin to appreciate the value of appreciation (pun intended), what might you want to be mindful of going forward?
- Do you think a "gratitude habit" might be useful? Would you be willing to "test-drive" (Black's words) one for a month and see if your opinion changes? Explain your answers.
Money. It’s the first thing Red thought about when her husband came home and, totally unexpectedly, told her he was fired. And what was the first thing she did? She freaked out (Black likes to say that Red finally used her theater degree), assuming the worst about their financial situation. And if that wasn’t bad enough, she was certain she couldn’t “do” personal finance.
She then made a third foolish assumption … that her sister Black, who had an M.B.A. in International Finance, would tell her what to do. Instead, after giving Red a few days to deal with her emotions, Black started to ask her basic questions about their financial situation, and it became obvious Red’s default setting was to “freak out”.
And so Red’s journey (which Black turned into our bestselling book, What I Learned About Life When My Husband Got Fired!) began with learning the basics of personal finance and, ultimately, she’d realize that Black wasn’t being sarcastic when she said,
When it comes to money, you have two choices: you can let your money control you, or you can control your money.
But first, Red, a straight-A student, had to overcome the unfounded belief that she wasn’t capable of learning about money. She had to find a way to get around the mental roadblocks of being intimidated by financial terminology and concepts, which the very thought of gave her a headache. And then Black simply asked,
Can you add and subtract? If so, you’re qualified to “do” personal finance.
So, whether you’re more like Red (was), feel like you’ve got a good handle on your money but are always looking for tips and tools, or merely are curious about Black’s unusual ways of looking at money (or her sarcastic comments), we think you’ll enjoy the DOLLARS & SENSE section on our new site in the new year.
Until then, and especially since “tis the season for spending”, we want to share some of our favorite money posts:
- TERMINOLOGY (AS EXPLAINED BY BLACK): RED & BLACK … Like Money More Than Math?
- A POWERFUL TIP: Think Before You Spend?
- MONEY & RELATIONSHIPS: My husband and I always argue about money. Any advice?
- CREDIT CARDS: My credit card bills are out of control! What do I do?
- BUDGETING (THIS IS A TRUE STORY): Black’s First Budget – A Fond Childhood Memory?
- ANSWER THESE QUESTIONS: Talking To Myself … About Money?