Archive for the ‘Quality of Life’ Category

Divorce: In This New Economic Reality!

Monday, August 30th, 2010

Divorce

Unfortunately, divorce is a common cause of financial problems.  And, of course,  financial problems are a common cause of divorce.

An article in the WSJ describes efforts to decrease the cost of divorce in an economy that has affected all aspects of our lives.

Couple fighting photo by v.peckham c.c.

The Current Economy and Divorce

How has the recent financial downturn affected the economics of divorce?

  • The most valuable asset in many households is their home.  With home values plummeting-how do you deal with it?  In the old days-sell the home, pay off the note, and divide the proceeds.  How can you do this, with many homes upside down, and with the sale of the home nearly impossible in this environment?
  • The other most valuable asset, retirement and investment accounts.  The value of many of those accounts has dropped by 30% by many measures.
  • Debts in the marriage-how to decide who owes which debt, is increasingly complicated.
  • Record high unemployment-how can you pay child support, when you are out of work.
  • Attorney’s fees have increased faster than inflation, making divorce much more expensive-average divorce costs in the US-$ 15-20,000.00.

Divorce Alternatives

What are the alternatives in this heartbreaking scenario?

  • Stay together-divorce rates typically drop, in an economic downturn-couples can’t afford to divorce-so they either stay together longer, or separate, but don’t file.
  • Do-it yourself divorce-There are many do-it yourself divorce kits.  The couple sits down with the templates, work out an agreement on all the issues, take it to court where it is filed.  In some cases this can drop the cost to less than $1,000.  The laws vary widely state to state-make sure you pay attention.
  • Mediation-This article gives 10 reasons to use a divorce mediator-if do-it-yourself is not an option-as issues can’t be agreed upon-or things are too complex, this route may be worth exploring.
  • Collaborative Divorce-This more formal route, involves attorneys, psychologists, and other professionals, coming up with a plan that both sides agree on.
  • Divorce court-obviously the most expensive-this is the route chosen by those couples who basically now despise each other, and want to do the most damage possible.  Usually the only winners here are the lawyers.

Divorce Precautions

What are a few precautions recommended by experts, especially if you are going to try to do-it-yourself?

  • Don’t forget health insurance costs-many who have been used to employer provided plans-aren’t eligible once they divorce the spouse with the health plan-and even though Cobra laws insure you can get health insurance-the cost is prohibitive for some.
  • Debts-make sure your name is not still on credit cards you are supposedly not required to pay, or that your name doesn’t remain on any other notes outstanding.  If your ex doesn’t make the payments-the creditors will not care about the divorce papers-they will hound you for payment.
  • Don’t make too many concessions-just because you want out.  You will have bills to pay, kids to raise, and a significant cut in that family income you became accustomed.
  • For many, a significant lifestyle adjustment is necessary-don’t live on credit cards cause you have “champagne” tastes, on your new “wine-cooler” income.

And finally the cheapest way to save money on divorce-is just like with many illnesses-PREVENTION!!!!

  • Premarital counseling-remember lust does not last!
  • Intra-marital counseling-don’t let small problems become huge ones.
  • Financial stability-living beyond your families means will catch up-causing unnecessary stress.
  • Keep love alive-spend quality time with each other.  Date night, learning to compromise, and having a short memory for perceived slights will go far!

No amount of trying can keep all marriages intact.  But before you break the tie that binds, make sure you check your emotions-and think clearly.  And have a close friend, minister,  or a family member support you along the way-to keep from doing something stupid!

Reader Questions

Have you been through a divorce?

How did it affect your finances?

Any tips for those who are beginning the process-things you did wrong, or right?

Help your fellow nurses and comment here.

The Right Time To Start YOUR Own Business?

Sunday, August 22nd, 2010

Guest Post By FDL:

IS THIS THE RIGHT TIME-TO START YOUR OWN BUSINESS?

Are you looking for an opportunity because?

  • You’ve been laid off.
  • You’re bored.
  • A great idea has been nagging at you.
  • You’re an entrepreneur at heart?

If you are any or all of those things you are not alone.  In my day job I talk to people who fit into those categories-myself included.

Not a day goes by I don’t discuss some of those things in my head.   The economy has us all worried.  Looking at the news, you can find people who think things are getting better and just as many who don’t think so, the sky is falling.

In recent news stories I read two particularly interesting articles about ideas that are working.

Buying a failing business

If you’ve looked around for a new sofa in the last decade, chances are you’ve heard of Norwalk.  They make super nice custom furniture.  I never executed, but I did drool over the idea.

A group of local investors in Norwalk, Ohio bought a portion of the famed company shortly before what was left slid into bankruptcy.   These investors trimmed fat and excesses, changing all but the fine, custom product that made the company an industry elite.  Changing the business model to meet the times saved the brand, jobs and may eventually make a profit for the investors.

Staying nimble, to survive!

Or look closer to home at your local book store.  If you have one anymore.  As a big reader I check out bookstores and libraries where ever I am.  Using Amazon for most of my online book purchases, since they are so user friendly and have terrific prices, I at one time wondered how the local book retailer stayed in business.

Those who did not respond to the online call probably have not.  Who else but the local bookstore owner supplies all those ‘used and new’ books for the Amazon giant?

In case my point is cloudy, like my brain:

DO YOU HAVE A GREAT IDEA?

If your idea does not fly, it won’t be because of the economy.  It will be because you did not develop the idea with a business model that can adapt to the current market.  Even Gap, a business that has weathered many economies, has to stay light on their feet.

Push forward.  Take that plan, hammer out the details, plug in the holes, start small, be ready to adapt, the list goes on, but you get the idea.

See you again soon,

FDL

FDL writes about clutter, and organization-check out her blog, the Fast Declutter Blog

Nurses Who Blog, or Bloggers that are Nurses?

Sunday, August 8th, 2010

A roundup of Nurses who Blog:

Joni, a new nurse blogger, writes at Nursetopia, about a nurse who sailed around the world with her family for seven years! Great story. Visit her blog, and welcome her to the online Nurse Blogger community.

Change of Shift” is up at Emergiblog-check out Kim’s hard work!

Nurse Keith at Digital Doorway discusses an ER visit.

Head Nurse writes about a single minded cardiologist.  In my specialty, we have a similar problem.  Nobody wants to “check down there” so let’s order a CT scan or US for that minor symptom rather than do a good ole pelvic….

One Nursing Hero

More Nurse Blogs:

Lorry, at Correctional Nurse features the care of prisoners with cancer.  I have been seeing Lorry’s tweets @lorryshoenly  If you are in the correctional field of nursing or, thinking about it-follow her.

See Jane Nurse has Love-IV-bottle that and sell it!

Sean at My Strong Medicine warns about “toning shoes”.  I recently bought a pair, will let you know the results of my study of “one”.

JParidisiRn writes about being comfortable with the squishy.  Interesting…. And thanks for the thank-you post.  I appreciate your being a reader/supporter!

At Your Cervix writes about the C-section rate, continually climbing.  I feel like a mastodon at times.  I stopped doing OB about 5 years ago now.  We actually tried to keep our rate as a department below 25%.  What a change in a short period of time.

Code Blog, discusses changes in perspectives.

Phil Baumann at Health is Social discusses social media, and health-care executives. Social media is here to stay.  The better the dialog, the more likely we can  enjoy the benefits.

Other Nurse Bloggers:

Obviously this is not a complete list of nurses who blog.  Alltop’s nursing list is a start.  Many of the nurse bloggers linked today, have extensive blogrolls.

And if you are a nurse blogger and are not on my nurse blogroll-make a comment, and I will add you.

Post-script:

As most of you know, I am not a nurse, though I did stay at a Holid…… Nah, won’t finish that thought.  I am married to a nurse, who is now in Public Health, having done time in ER, Hospice, and Postpartum.  So, though I do belong to the evil Doctors rank, who are somewhere between dog poo, and a migraine on most nurses scale of respect-I try to treat the nurses in my daily life as I would like to be treated.

How To Influence Someone?

Tuesday, August 3rd, 2010

Influencing Others

Many of my patients say, why didn’t you “make me _________”.

This blank is filled with something like quit smoking, have a needed procedure, lose weight or other recommendation.

I know, however, unless they buy in and make the effort-directive instructions just don’t work.

My usual response is, “I give you the facts, then my opinion.  You have to make up your own mind.”  In my vast years and years of experience (well 25 years anyway) when you “make” someone do something-they either have a bad experience, a complication, or a side effect-and you are the one that gets blamed.

Don’t get me wrong, I give them my recommendation, and may strongly word it, but I don’t do ultimatums-such as “if you don’t do this, I will not treat you anymore!” or “if you don’t do this, you are stupid!”  I just let them know the positives and negatives, and let it go at that.  I don’t treat kids-these are all adults.

Influencing Personal Finance Choices

Now that I am branching out into personal finance education, I run into a similar problem.

  • If I ask 100 nurses if they know all they need to know about personal finance,  zero will say yes.
  • If I ask 100 nurses if they have credit card debt, 75% will say yes.
  • If I ask 100 nurses if they understand their 403b, what their money is invested in, 90% will say no.
  • If I ask 100 nurses if they understand insurance, mutual funds, stocks and bonds, 85% will say no.
  • If I ask 100 nurses  if will they spend time on learning about these subjects this year, 95% will say no, and I worry about the truthfulness of the other 5%.

Is It True?

Maybe I am exaggerating somewhat, as the readership of this blog is steadily growing.

Those who read the blog, downloaded my free e-book, and are getting my monthly newsletter are at least starting to wake up to the need to learn what is going on with their money.

They are tired ofwondering why they work hard every month, and have nothing to show for it.

And maybe a little of the skepticism is  “Who is he to teach me personal finance?” question.  A fair question indeed…..

If not Dr Dean, then who?

But let’s ask another question, “if you aren’t going to learn personal finance from Dr Dean, then who will you learn it from?

Do you have a plan for taking a course, reading books from the library?  Or maybe asking your different vendors, such as your friend that sold you that whole life insurance policy, or that annuity-you really don’t understand-to explain the pros and cons of that product?  To let you know his commission amount, and what the time value of that premium is in real dollars.

  • Or ask your friend the car insurance salesman, if the price you paid is the cheapest for the same coverage?
  • Or ask your stock broker if the fees and commission on your account are competitive with the industry?
  • Or ask your tax preparer (your brother-in-law or cousin) if he is fully up on the current tax code?
  • Or studied your credit card statement to identify your fees, interest, and annual fees to make sure they are competitive.
  • Or ask yourself, (your most important adviser): “What is my financial plan-for getting out of debt, retirement, insurance coverage, savings, investing?”  If the answer is “I don’t know.”

Then you have identified the problem- YOU!

Get started changing -TODAY!

Reader Question:

What are you doing to get started on your personal finance education journey-your road to financial recovery?

Money, Medicine and Twitter: What a Great Combo!

Sunday, August 1st, 2010

Money  Medicine and Twitter:

I wanted to highlight a few of the folks who I follow,and are worth following on Twitter.  And don’t forget me, I am @DrDeanBurke-please add me to your follow list.

This is just a partial list, so if you are on my Twitter feed, don’t get your feelings hurt, this series will continue.  I hope to add more of you who also Blog and Tweet.  So leave your twitter handle in the comments, and Blog titles as well, if you have one.

I just didn’t understand Twitter for a long time.  I still work for a living.  And trying to get a sense of what Twitter was all about in the little spare time I had, just wasn’t working.  All of the guru’s in Social Media kept saying how valuable Twitter was, but I couldn’t make it work.

Then I said, well-other people seem to get this- so, let’s just ask em.

So I Tweeted- “Help me, I can’t get control or understand Twitter, what am I doing wrong?” or something similar in less than 140 characters, of course.

Sean, a nurse blogger and fitness guy, who blogs at  My Strong Medicine,  and tweets as @bthenextstep …. said “Try Tweet Deck!  It will help you get organized, make lists or columns with different categories, help you time your tweets.”

Twitter Products that work:

So I downloaded TweetDeck, a free program, and got started.  Now since then, I have learned that HootSuite is a similar product that has its strong supporters-I haven’t tried it yet.  Let me know your thoughts and suggestions.  And if you haven’t joined the Twitter world, go for it!  Its fun, and can be addicting

Today, I wanted to recognize fellow Bloggers who Tweet, both personal finance, and nurses, that support The Millionaire Nurse Blog, along with a few nurses who Tweet, that may not be Bloggers, but are worth following, just for fun or  for the info they provide.

Let’s start with money-a few personal finance bloggers who tweet:

@BucksomeBoomer, blogs at The Bucksome Boomer.  She is great for a re-tweet and a running commentary on her business travels.

@centsciblelife, Kelly blogs at The Centsible Life, and is a social networking guru from the New York area.

@Elle_CM, Elle writes at Couple Money and tweets about anything.

@financialsamura, Sam’s controversial posts make you think at his blog,  The Financial Samurai.  And no I don’t know why he left off the i on his tweeter name.

@lenpenzo, Len’s wit and writing are equally sharp-be careful.  Check him out at LenPenzo.com

@deliverawaydebt Jeff who writes at Deliver Away Debt, has endless energy and good advice as he works multiple jobs to kill his debt.

@freefrombroke-is a heavy tweeter, and Blogs at Free From Broke

@notmadeofmoney blogs at Not Made of Money-and is always good for tweeting specials at grocery’s and pharmacies-among other things….  The host of this weeks Yakezie Carnival!

@pffirewall,  JM, at Personal Finance Firewall is always supportive, with re-tweets, and stumbles, check out his blog and follow!

Now for the Nurses who blog and Tweet-

Kim at Emergiblog, can be found @Emergiblog-she has been blogging and hosting Change Of Shift, a nurse/medical blog carnival since the dark ages….(Just kidding Kim)

jparadisi, blogs her art, or arts her blog at j paradisi rn and can be followed @jparadisirn

not nurse ratched blogs at Stethoscopes and is a techno, apple, photographer lover with a twist. @not_ratched

Don’t forget Sean mentioned above, @bthenextstep.

Phil Bauman RN is like me.  Has so many backgrounds-it is hard to keep up, but is now the founder of #RN Chat, keeping up with social media and technology with emphasis on health care.

Nurse and Personal Finance Bloggers who tweet

So go follow these great folks who blog and twitter to help others, whether in #nursing or #Personal Finance

And let me know if you aren’t on the list with your blog domain and twitter name-leave them in the comments for others to follow, and share your wisdom and wit!

And I will  try to do another post soon adding many great bloggers that tweet, or tweeters that blog!

BACK TO SCHOOL: OBESITY PREVENTION SHOULD BE ON YOUR LIST!

Wednesday, July 28th, 2010

Guest Post by: FDL

Back to School: Food and Obesity

Back to school ads are in all the local newspapers.  The grocery store ads have individually wrapped junk food at special prices, and frozen dinners as 2fers.  These are the items that bring shoppers in the doors.   As we head into the season known as ‘back to school’, let’s talk food.

Why are we an obese country?

A Health Economist article’s reasons for obesity:

  • Decreased real cost of food-few go without food because of funds.
  • Women in the work force leading to fewer meals cooked in the home-fast food here we come.
  • Decreased activity-no more playing outside with video games, and a TV in every kid’s room.

The researchers suggested that one way to combat the problem of obesity would be to tax junk food.  But I agree with the author of the article:  who would decide what counted for junk food?  Little Debbie?

FAST FOOD: photo by Chrisian Cable

So we’ve recognized for a number of years that obesity in the developed world, the US in particular, is a major problem.  It is well known that obesity and an increasing body mass index contributes to the risks of type 2 diabetes, hypertension, cardiovascular disease and some cancers.

Our Kids and Obesity: What to do?

The Government and private industry preventing obesity proposals:

  • Washington is requiring body mass index or BMI included in all patient records by 2014-in other words, they want to know how fat we are
  • Let’s not forget the folks who want to take the toy out of McDonald’s Happy Meals.
  • Retail grocers have developed a nutritional scoring system that ranks thousands of foods on a scale of 1 to 100.  This number will be placed on the shelf label letting consumers know how their choices rank.
  • Some food chains are hiring nutritionists to roam the aisles and for a fee offer personalized recommendations on selecting healthier foods according to this article in the Wall Street Journal.

What are you and I going to do about obesity in our own families?

  • Buy fresh fruits and vegetables grown locally, they are usually cheaper, more nutritious and taste better.
  • If you must buy foods such as potato chips, at least buy the cheapest per ounce.  Stay away from those little packages of individually wrapped portions, just bag them yourself.
  • Say no to chips, etc.  Buy an apple to pack in that lunch box.
  • If you are going to buy sugary cereal, at least buy the cheapest and go heavy on the low fat milk in the bowl. Pour it up and insist on an empty bowl afterward, with no milk left behind-we don’t get enough calcium on most days.
  • Plan.  Plan.  Then plan some more so you don’t find yourself in the drive thru line at a fa(s)t food joint.  Life can be hectic.  Life with a family-brutally hectic.  You have to decide what that means for you, but it’s worth some thought.  On those horrid mid week nights when you can’t face meal prep, drag out the hotdogs and frozen French fries.  Sure, choose the low fat, low nitrite varieties, but have your version of a throw down meal in your freezer at all times.  Make it a party.  You will have saved money, time and you should even give yourself a pat on the back for staying the course.
  • Part of that planning mentioned above also involves knowing what you need from the grocer before you get there.  Make a menu for the week ahead.
  • Have your own ‘pantry’ list of things you know your family will eat and never run out of those things.

Use these ideas to make your own WAR on obesity!

Reader Questions:

What are you doing to help your family eat more healthily?

What are the ways you do this and be frugal at the same time?

FDL

FDL blogs about organization and home management-FAST at  Fast Declutter Your Home.

The Next Cabinet Position: The Charity Czar!

Friday, July 23rd, 2010

Good Charity vs Bad Charity?

Most of you have figured out by now, that I am an easy going, live and let live guy.

I am hard to get ruffled.  I am called easy-going,  implacable, and probably boring….

However, reading an article in the Wall Street Journal, entitled, “Will Buffett-Gates Pledge Really Help the Poor”,  increased my blood pressure.  Those around me were probably worried I might have an  MI when my brow wrinkled, and I had a barely perceptible frown.

Why giving Billions is Bad….

Robert Frank in his WSJ article, discusses the concerns of Pablo Eisenberg, that this giving of billions by Bill Gates and Warren Buffett will  increase the disparity between the haves and the have-nots.  That it will actually hurt the poor for Bill and Warren to give such huge amounts of money away.

Now, Mr Frank is an accomplished writer and author.  And, having written a line or two, I know a hook when I see one.  But this one worked.  I had to finish the article.  And to Mr Franks credit, I even had to go to the original by Mr Eisenberg, linked in his story.  The quoted original story was written in the Chronicle of Philanthropy.  (In south Georgia, we would probably call it the “Charity Times-Union” or something similarly rednecky…)

Now I am sure that Mr Eisenberg is a nice man, ” a gentleman” as the little ole ladies around here call ‘em.  But, I couldn’t help but think, “This is crazy!”  “What is this world coming to?” And even, “I can’t believe this is not an article written by Andy Breitbart, just to get himself on Fox News again.”

Now before I get accused of mis-quoting, or taking this out of context, here is a copied and pasted bullet point from the article published in the July 21-2010, “Journal of Philanthropy“.  It is the third bullet point in his reasoning behind the idea that giving away billions will lead to the poor getting poorer, and the rich getting richer.  Please go read the whole article by Mr Eisenberg, so you get this in the proper “frame” of his mind.

And I quote Mr Eisenberg’s article:

  • “What steps will be taken to ensure public accountability? Will the funds that are steered into new or existing foundations follow the Gateses’ approach, namely grant-making institutions governed by a very few family members that, in a real sense, are not really publicly accountable? Do we want an explosion of these tax-exempt oligarchic entities with huge assets that can help set public priorities without public discussion or a political process? Would this be a healthy development for democracy? If not, what can be done to mitigate the potential undemocratic nature of these new mega-foundations?”

Now why does this bother me:  To quote Shakespeare, let me count the ways….

  1. The obvious effort to continue to judge what is an “acceptable” charity and what is not.
  2. The idea that a public entity needs to be developed to decide where a private charity gives away their money.
  3. The ludicrous notion that money given to a hospital, university, or museum, is money that can’t help the poor.

Forgive me for thinking that educating a poor person, so they can better feed their families, and get a higher paid job that will result in a huge boom in self-esteem-can be better than just throwing money towards poverty.  I thought we all learned after welfare reform that the “Great Society” was a failed experiment at social engineering.  All the social workers I know, believe the work, training, and education incentives being used now, are a much needed improvement over just sending a check to a  drop-out mom of three.

Forgive me for thinking  money that allows kids from the poor public schools to go to the art museum,  that then inspires one child to become the next Picasso-is not a blessing.

Forgive me for thinking money given to a research hospital, that discovers the vaccine for AIDS, won’t help poor people all over the world.

And forgive me for thinking that in this country, when I decide to give away my hard-earned money, that I can give it to anyone I damn well please.

The Charity Czar

And finally, Forgive me for thinking that in a democracy, we don’t need a “Charity Czar” to decide what is a good charity  and what is an unacceptable one.  I can see it now, when a Democrat is in office, Acorn, Planned Parenthood, and any number of left-leaning 501 c 3′s have the Gov’ment Seal of Approval.

Then when a Republican gets elected, the new “Charity Czar” publishes their list in the official organ of approved charities: The NRA, the Right to Life, and the Baptist Foundation for Good Works, all have their hand out.

And it will be fun to watch, when the Metropolitan Museum, Harvard University, and Johns Hopkins, not to mention the American Cancer Society and the American Heart Association change their director every 4-8 years, depending on who wins the White House…..”I am sorry John, I know you have raised 4 billion dollars in the last four years, but we have a conservative in the White House now,  so you’ve got to go!”

(Now before the two people that actually go to the link and read the original article say, “Mr Eisenberg didn’t mention Charity Czar!” please understand, that is my description of  what the “public entity” might be, that he felt needed to opine on what is an acceptable charity.)

Forgive me for this rant, but something about this just got under my skin.  And I feel a lot better for getting it off my chest.

What do you think?

Do we need a political approval of where our philanthropic efforts are directed? ( Now I know, just having a process for getting registered as a charity adds a degree of politics to the matter, but for the most part, the process has not been “politicized”.)

Let me know your thoughts, and thanks to Mr Robert Frank  at the WSJ for getting my blood pressure up today.  At least my staff knew I was still breathing….

Wisdom Shared

Wednesday, July 21st, 2010

Some days, in medicine, you don’t know what the day will bring.

An elderly patient was talking away-she apologized almost immediately for her chattering.  “I am home alone most days, and a little nervous about being here for THIS.”

I prefer talk over dead-quite during an exam, so I was not bothered.

As she was scooting down the table (guys you will have to ask the girl in your life why they scoot down),  she said, “This wouldn’t be so hard if you weren’t so young and good looking!”

Now, my assistant, who has been with me for years, and is my same age, couldn’t silence her snickering.  I shot her a dirty look and reminded her about her paycheck- unsigned on my desk.

She, of course laughed and ignored me, as usual.  No, nurses, I don’t have the great doctor syndrome- my lovely, nurse wife beat that out of me years ago.

My point is, (yes I do have one), is that perspective changes your view of the world. And no, I am not talking about the perspective of someone in stirrups.  But, in this case,  the perspective of an 85+ year old lady who lived alone.

Any guy that was under 75 and didn’t look like a mass murderer, was young and good looking to her.  She would have talked to anyone that stopped and showed her a little courtesy.

Now you might think, listening to little old ladies would get old after 25 plus years of practicing medicine.  That I am disparaging her comments.

Just the opposite.  She was a delight, (and not JUST because she thought I was young and handsome…) and profound in her pronouncements.

And believe me, folks who live past 85 and are still graced with a sharp mind, usually have a sharp wit, and an opinion to go with it.  And in her case, spiced with a little blue language, I am sure she learned from her late husband!

Folks her age, don’t care much what other people think- about their speaking their minds.  They feel they have earned the right.  Earned it by getting up and getting dressed everyday for many decades.  Keeping a house, paying taxes, raising kids, and burying a husband.

Sometime during the exam,  she began waxing philosophically about war. Her late husband had fought in combat in World War II, and was sometimes “difficult” when he had too much to drink-that means abusive, in little old lady speak-but she still loved him and missed him.

She said, when she was younger, and her husband to be,  was in uniform, war seemed glorious, and the patriotic thing.  Now, she had many grandsons, and great grandsons, and she didn’t think war was ever a good thing.  Every time she heard on the news about another casualty in the middle-east-she saw those kids.

And she thought we needed to quit fighting and bring the boys (and girls, I reminded her) home.

Now I am considered conservative, and am always supportive of the men and women who serve in the military.   My father also served in the Pacific during World War II,  and I know he fought a few demons during the remainder of his life.

And I am too far away from what is going on in Afghanistan to know the details-the intelligence, and complex issue that is terrorism.  But this proud lady was quite certain she was right.

And I can’t, with certainty, say she is wrong.

Don’t ask me what this has to do with personal finance, I can’t say.  But this lady moved my heart, with her concern about nameless and faceless  young men losing their lives, and I just felt I needed to share.

Monday Morning Reads-Man Measurement to True Debt Confessions!

Monday, July 19th, 2010

I don’t know why, but sometimes the stars, moon, and sun line up and many great bloggers, have outdone themselves with fun/heartbreaking/make you think posts.

So let’s get started.

Personal Finance:

Mrs Frugal at “Cool to be Frugal” writes on ways to improve your savings-great tips-especially the one on naming the savings account with its goal.

Foreigner’s Finances, Austin writes on the pro’s and con’s on online banking/vs brick and mortar banks.

Len Penzo, let’s the big-spenders with small man parts have it-read it and laugh-I did!

Red, at “The Girl With the Red Balloon, has true confession about why she is in debt, and what she woulda, coulda done different!  Please read this if you are borrowing money for college.

The Ultimate Money Blog, has the Yakezie personal finance bloggers carnival this week-check it out!

Home Management/Lifestyle Hacks

The Saved Quarter has written about de-cluttering the hall closet.  Simplify/simplify/simplify does make life calmer!

Speaking of Clutter, The Fast Declutter Blog, has tips on organizing-to keep from forgetting-uhhh, what was I saying???

Mighty Bargain Hunter writes about tipping! As the father of a former server-hear-hear!

Blogging Info:

Kikolani has this post about the new Digg-I was just getting a handle on the old Digg.  I have been added to the beta testing group-known as Digg alpha v4 (wuwt)-so let me know if you are also in the new-Digg-so we can Digg each other….

Kristi also has an article about “comment luv” and other marketing strategies at Famous Bloggers-great info to help with your blog.

And check out this post of 100 writing tips from top bloggers.

Enjoy the reads, and have a great week!

Happiness-Money:What Say You?

Saturday, July 17th, 2010

Does Money Make Us Happy?

About the only subject that has been researched more by psychologists than the money/happiness question, might be the genes versus environment question.

There are two more research reports out, according to Laura Rowley, writing for Yahoo Finance.  We can add those to the big pile of studies that already exist.

Let’s don’t blame the researchers-they have to publish or perish.  We probably paid for the studies with part of the 700 billion in federal stimulus money. Does that make you Happy?

Now I wonder who did the first study, of money versus happiness?

Stone Age Happiness:

“Honey, are you happy?”   “I will be when I finish cleaning this mastodon, shut up and hand me that sharp stone over there.”  I wonder if “happy” was a consideration, when you were worried about eating, or being eaten?

Happiness in the Roman Empire:

Do you think the gladiator, facing the lion worried a lot about happiness, or was he just hoping the lion was happy, cause of yesterday’s two-legged meal.

Happiness in the Dark Ages:

The peasant, hauling peat for the fire, trying to smoke enough herring so his kids wouldn’t starve during the long winters off the North Sea-did he have a lot of time to contemplate happiness while his stomach growled?

Happiness in Modern Times:

Only when we have leisure time, do we spend a lot of our life contemplating happiness.  We can have endless arguments.  We can publish piles of studies, after talking with the Rich, the Super Rich, or the homeless.  We fight over whether the study was biased, the questions were misleading, or the results met statistical significance.

But I think most research such as the article above confirms:

Higher income/wealth, can help  you  to be satisfied-re your life station, your successes, your reaching a certain status in your family, your neighborhood, your co-workers and your community.

Having Money doesn’t correlate so well with whether we “enjoyed” the day yesterday.  Did we laugh with our family, enjoy the interaction of our co-workers, make someone else smile.

What I can guarantee you is, that working hard for your money, but then squandering it, will make you extremely unhappy.

Who can be Happy, when they wonder where they will find the money to pay their bills?

Who can be Happy, when they are not answering the phone, because they know it is a collector, trying to make their boss happy?

Who can be Happy, when all you do is fight with your spouse about money?

Who can be Happy, when you think of all the bad choices you made with your money decisions?

My advice, while you are reading all the research, to decide if you are happy:

At least take care of the dollars you work so hard for.  The more money you have left over at the end of the month, is money that can make you happy, if you will let it..

That happiness might be from:

  • giving food to the less fortunate, going on a mission trip, or funding a scholarship!
  • being able to travel to a relatives funeral, help your child go to college, or buy a new home.
  • eating caviar while sipping Dom Perignon, Veuve Cliquot, or Cristal!

That is what managing your money properly gives you, CHOICES.  Having Choices can (not will) make you HAPPY!

Reader Questions:

What are your thoughts about money and happiness, (or genes vs environment if you want to start a fuss?)

Do you think having more money will make you happy?

Do want to do one more study, regarding nurses and happiness????