| I’m not sure who’s more excited about Sawyer doing so well at her weekend waitressing job at P. F. Chang’s, me for how she’s balancing her college classes with working, or her because she’s making good money. |
| I am impressed that she plans to save most of it so that she has a nest egg when she graduates. Too bad you did not have the same understanding of money when you were her age. Or, even when you were in your 20s or 30s. |
| You’re never going to let me forget that, are you? I can’t help that I found personal finance intimidating, so avoided it. Plus, it’s confusing. And tedious. And boring. |
| That is one way to look at it – but as you eventually learned, if you can add and subtract, you can “do” personal finance. But, you have made significant progress. You used to kick and scream about it; now you just whine. |
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Black
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| Fine, but just because I now have a better understanding of personal finance, it doesn’t make it any more interesting. But just like brushing my teeth, I know it’s something I need to do because not doing it has repercussions. |
| Great analogy, especially as personal finance is important for everyone. |
| But just because something’s important doesn’t mean “everyone” wants to know about it, or do it. For years, we’ve been saying that people would rather be entertained than educated. |
|
I will never forget how
surprised I was that our book,
which was supposed to be the basis of a sitcom, ended up being a powerful way
to “teach” personal finance and other life lessons. I envisioned people enjoying
the sisterly banter and
all the other “characters”, so was focused on them, not the subject matter. |
| Yes, while I was focused on my personal crisis, you were busy turning it into a book – a brand – a business. |
| Once I realized that the most successful sitcoms were about relationships and basic day-to-day living, it seemed logical to use your financial predicament as the backdrop. It was never intended as a “laugh and learn”. |
|
Well, “I Love Lucy” never did an episode on her trying to understand
financial statements. And I doubt “Seinfeld” or “Friends” ever talked
about credit cards. |
| Missed opportunities. Think about our “Assets and Liabilities” story. You started freaking out at the mere mention of financial statements. Telling me how I was the MBA and you were the theater major. Then, when I thought I was making it easier by focusing on assets and liabilities, you completely lost it. Insisting you could not do this. Complaining that you hated math. Your theatrics alone would make it a funny scene. |
| Thanks. Happy to help! |
| Then, when I simplified it and said I wanted to talk about “what you own” versus “what you owe,” you calmed down. And, much to my amusement, you then declared that you could do that, just not assets and liabilities. |
| How was I supposed to know they were the same thing? |
|
The point is that it is a funny story. And one that many people
seem to enjoy, as many people can relate to
being intimidated by terminology. |
| That, and thinking that understanding, let alone “doing”, personal finance requires an MBA. Let’s face it, by creating mental roadblocks, I became my own worst enemy. |
| That is an understatement. But, that “character flaw” can lead to an assortment of amusing episodes. As does thinking that just having more money was the answer, not realizing the key was how you handled the money you had. That having more might mean larger mistakes. |
| Is this where you’re going to tell me about all the celebrities, athletes, and lottery winners who made (or won) millions, but ended up broke or in bankruptcy? I still love how you use Nicholas Cage and his purchase of two ‒ not one, but two ‒ castles to make that point! |
| If these people understood the basics of personal finance, they would have made very different decisions. It is as simple as money coming in and money going out. I guess no one asked them if they could add and subtract. |
| The first time you asked me that, I thought it was just another one of your sarcastic remarks. And whenever we tell that to people, whether an auditorium full of eighth-graders or one person in a business meeting, they always laugh. |
| I miss doing speaking engagements. I loved asking people how many like math. Everyone would look around to see who the nerds in the room were. Then when I asked how many like money, everyone’s hands went up. It is all in the packaging. |
| Which is why I’d love to circle back to the sitcom idea. But how do we get Hollywood to see that a sitcom about personal finance and other Life 101 topics could be successful? And funny! |
| Easy. By not telling them. We focus on the characters that are resonating with audiences of all ages ‒ a warm and fuzzy stay-at-home mom and her pragmatic and sarcastic retired executive sister who races Ferraris, who are surrounded by an assortment of other “characters”. |
| So, just totally ignore the “laugh and learn”. |
| When I first envisioned your crisis as a sitcom, I saw it as something to be disclosed on a need-to-know basis, and at the time, you did not need to know. This is no different. |
| Now that’s funny. |
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Want to read other columns? Here's a list.
Remember summer reruns on TV? Well, this month’s column is a first … it’s a “rerun” of our July 2020 column, except we added the word “CRITICAL” in the title. Because, four years later, we feel it’s very sad (and scary) that our sentiments about our country’s leaders having the strength, courage, and conviction to be independent thinkers are still relevant (maybe even more than before). So, the Fourth of July may be behind us, but Election Day will be here before you know it.
| I keep forgetting to ask you, since Sawyer is away at camp, what did you do for July 4th? |
|
Well, it was
a very different Fourth of July. No
kids. No barbeque. No fireworks.
|
| I know most of the fireworks were cancelled, but is your barbeque grill broken? |
| No, this year I decided to declare my "independence" from doing a big holiday grocery shop, major prep work, and cooking outdoors in Texas heat. |
| I wish there were more people willing to declare their independence. |
| Somehow I don't think you're talking about me making an easy pasta dish in the comfort of my air-conditioned house vs. standing over a hot barbeque on a hot day. |
| No, but the quote, "If you can't stand the heat, get out of the kitchen" does apply to a bunch of elected government "leaders" – and I use that terms loosely as they actually seem to be "followers." You cannot tell me they do not see how their actions – or inactions – are hurting their constituents. |
| Although I agree with you, I can see where some elected officials feel the need to maintain the party line. Like you've always told me, you have to pick your battles. |
| Yes, but we are talking about people's lives. You are the history buff, so you well know there was a time when people would give their lives to do what they felt was right – for their families, for their community, for their country. Even if that meant standing up to those in control. |
| Yes, but I think you're being a bit dramatic. Which is interesting as I was the theater major, not you. After all, equating sacrificing your life to taking a stand about your beliefs is different from leaders who aren't willing to "speak up" to "higher-ups". |
| Really? One is risking their life – the other, maybe, their career. True leadership is about doing what is right. And, if you feel that something that is wrong, take an independent stand. It is about having the strength, courage, and conviction to do what you believe is right. |
| Sounds like you watched "The Patriot" over the holiday weekend. |
| Never heard of it, but you are the movie-goer, not me. Although we both know your primary motivation is the popcorn. |
| True. Anyway, it starred Mel Gibson as an American colonist, and although an "action movie" showing our fight to win independence from Britain, it still explores those exact themes. America may not be a perfect country, but it has always stood up and been willing to fight for what it believes in. |
| Yes, but that is harder to do when leaders are not leading, but rather just following. Being a true leader requires independent thinking. | |
| That reminds me of something someone told me decades ago about a colleague they worked with, "He would be a great leader, if only people would follow him." It definitely made me laugh. |
| Sometimes you do not realize the wisdom of a true leader until much later. Initially, they may be measured by doing what is popular or convenient. |
| I love history, and there are countless examples of just that, but I'm not sure how you begin to crack that nut. Today, thinking, yet alone independent thinking, isn't what a lot of people do well. |
| OK, Miss History. After we got our independence from England, how were we ruled? Who made all the decisions? |
| Is this a trick question? |
| No, I do not know the answer, and I am trying to understand what happened and why. |
| First, my disclaimer that I know more about Tudor history than American history, but to keep it short and simple, the 13 states had to find a way to work together, and the original structure (if you're ever on Jeopardy remember "The Articles of Confederation") gave the states a lot of power. However, that didn't work out so well, and after just a few years, there was the brilliant idea to create The Constitution, which establishes and defines the separation of powers. |
| So, it required a lot of creative thinking, with an end goal of what was best for "We the people". In other words, when our country was born – it was led by independent thinkers not people that merely followed along. |
| Yes, but that's history. Good luck turning back that clock! It would require those "up the ranks" to relinquish some of their power. And need I remind you that we had to fight the War of Independence to achieve that? |
| That history fact, I do know. However, I think we have recently witnessed the importance – and power – of independent thinking. And, combined with good leadership, it can result in great things. |
| Absolutely! And to say there's such an overwhelming need for that at this critical time would be a huge understatement. Maybe it's time for another revolution, although this time make it peaceful. |
| The War of Independent Thinking. Now that would warrant fireworks. |
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, |
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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!" |