Money

Real Simple and the laundry

Real Simple magazine has been around for about 15 years, and there are only so many aspects of daily life to be simplified. So the magazine turned its attention to laundry, again, for its August 2014 issue. The advice is perfectly reasonable and helpful: you probably need less detergent! But I’ll admit that I was a bit puzzled by Kristin van Ogtrop’s edito… read more »

How do I start a business when I’ve got a bundle of kids around here?

In the post earlier this week on The Nesting Place, a few comments raised the question of how to start a business when you don’t have the cash for childcare. You hope the business will eventually bring in enough to pay for childcare, a great house, trips to Tahiti, retirement, innovative philanthropic work, etc., but it probably won’t right away. It is the… read more »

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 »