Doing what you love is not always a completely awful financial strategy

There’s been a lot written lately about the danger of doing what you love (“DWYL”). Miya Tokumitsu floated the anti-DWYL thesis in Slate in January, noting that DWYL’s “real achievement is making workers believe their labor serves the self and not the marketplace.” DailyWorth picked up on the piece in an essay called “Why Doing What You Love… read more »

Glorious inefficiency

I have been accused, more than once, of arguing that people should pack something into every minute of the day. I fully own up to believing that most people can pack more into their lives than they think, or than they do. In 168 hours, there is certainly space for a full-time job, gobs of family time, exercise, sleep, and Homeland marathons. I also see a tendency t… read more »

In which I borrow a blog post idea: What would you do if your income doubled?

Over at Grumpy Rumblings, NicoleandMaggie posed the question of what readers would do if their incomes doubled. This is, obviously, a nice question to be able to ask. The one who’s the econ prof recently faced this question because her husband got a new job. They’re pre-paying the mortgage, beefing up contributions to retirement accounts, taking on de… read more »

How to save $30 in 30 seconds

I’m not a huge fan of coupon clipping. I find that shopping store sales, buying produce in season, and stocking up when I find a regular household item at a drastically reduced cost are all more efficient ways to save cash. For instance, when I was at Target the other night buying school supplies, I noticed that the Mack’s ear plugs I buy — which I pay $6… read more »

Buying stuff for the kids

Money and parenting are both fraught subjects. Mix them together and you have a recipe for strong feelings.
I wrote a whole chapter in All the Money in the World on the topic of what lessons to impart to one’s offspring about money, and while I wish I could say that cleared it all up for me, it did not. The problem is that my feelings are nuanced. My children are gro… read more »