Posts tagged the heart of money
Pay for Preschool or Save for College?

Question: I get paid little but love my work, and my partner and I get by. Now we suddenly have become parents to two children under the age of four. (It’s a long story...) The children came with a modest school trust fund, and I want to spend the trust fund over the next few years on early childhood education, better equipping my home for the children, and allowing me to slow down my work schedule and have more time with them.

Read More
I Don’t Want to Own “America” Right Now

Question: I don’t want to own “America” right now. I don’t want to profit from killing people, destroying jobs in other countries, and ruining lives through a system that places profits over people and the planet. I have a 401(k) and an IRA filled with mutual funds. I really don’t even care if I make less money by being conscientious. My advisor says he has other clients who are “that way.” I don’t think he gets me. Any advice?

Read More
How Do I Get on My Feet and Out Mom’s Door?

Question: I am 39 years old and want to find a nice boyfriend, eventually get married, and hopefully have a family. However, my finances are in bad shape: no debt, but no savings either. I have struggled with PTSD my entire adult life due to childhood trauma and have been unable to work for long periods of time. I am living with my mom, but I am trying very hard to get back on my feet. I am currently finishing up a course and hope to find a good permanent job and a decent place to live.

Read More
Wrestling with a Question of Inheritance

Question: I’m wrestling with an inheritance question: whether to pass my parents’ money to my kids. I don’t think I need it, and it could give them a good boost. It could go into a trust or something, though that seems controlling. I want my kids to be free. Down the road, I also don’t want to be worth too much more dead than alive. Any thoughts?

Read More
Is Going Back to School the Best Way to Invest in Myself?

Question: I’m thinking about going back to school. Biz school, law school, grad school? I’m not sure which. All I know is that I can’t spend the next 20 years doing what I’m doing, and I think two or three years of school would break me out of my rut. I can handle the expense. What I’m really wondering is if school is the best way for a middle-aged person to invest in myself?

Read More
Do Ethics in Business Matter? (Aren’t the Bad Guys Winning?)

Question: I am in an argument with some friends who say that getting rich doesn’t require ethical behavior. On the contrary, they say, ethics get in the way of profits. They quote Donald Trump, Milton Friedman, Russ Limbaugh, and Adam Smith, and I’m at a loss as to how to counter their arguments without sounding like a spiritual Pollyanna.

Read More
Should I Take a Volunteer Vacation?

Question: I need a vacation, and I’m happy to spend my hard-earned money someplace that needs it. But my husband wants to try a “volunteer” vacation. He says working to help desperate people will feel better than lying on the beach. I think we’ll be providing free (unskilled!) labor to a place with already high unemployment. I’d feel better by overtipping.

Read More
The Practice of Making Good Decisions

I just got back from a six-block walk to pick up a quinoa and avocado salad for lunch, and I found your question sitting in my inbox. My job does not seem stressful to me. I just make lots of (hopefully) good decisions. Before lunch, I entered an order to buy well over a million dollars’ worth of shares in a company with operations in Namibia, Philippines, Nicaragua, Colombia, and Mali.

Read More