Saving for a lifetime: Oseola McCarty

Many of us know we should save yet many of us don’t.

We tell younger generations to save so they can afford the expensive things later in life, like investing in real estate, retiring at a decent age, and raising a family. We want them to be able to afford the education they crave, the future they dream of, and just be happy.

Saving can feel like a selfish thing. When you put limitations on your spending, you most likely do it to personally reap some benefit in the future. It can also feel like the reward may never come to fruition. Forty percent of Americans whose household makes $35,000 or less believe they have a better chance of getting $500,000 by winning the lottery or sweepstakes than by saving and investing small sums of their pay. But that’s not the case for all savers.

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What’s a Credit Downgrade? The New York Times Explains to Students

Where do you begin when students start asking about the credit downgrade? What do you say when a student wants details on the national debt and wants to know what Congress is doing to solve the country’s problems?

The Learning Network (Teaching and Learning with the New York Times) recently compiled a list of New York Times resources that are great for teaching students about the crisis in the economy. Writer Holly Epstein Ojalvo divided the economic issues in two categories:

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4 Ways to Get Financially Fit Before College

It’s almost time to go back to school and college freshmen might be getting a surprise when they realize the cost of college doesn’t end with the tuition bill. Whether students are living in the dorms, at home, or renting, they are all transitioning into a new environment with a new lifestyle and new expenses.

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Investing in College: Financial Skills for Students

College is a big investment, and due to cuts in school funding and the outlook of the economy, some might think it’s too much of a risk. However, in a recent study, researchers found graduates holding a bachelor’s degree make 84% more than high school graduates over their lifetime. Those holding a doctoral degree will earn $3.3 million in a lifetime, compared to a college grad with $2.3 million and those holding a high school diploma with $1.3 million.

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Financial Literacy: Encouraging Generosity of Any Size

This week I’ve dedicated the blog to the topic of financial literacy as we count down the days to the release of LifeBound’s newest addition, Dollars and Sense: How to Be Smart About Money. We covered how finances affect lives, education, math skills, and the future. We also spoke a lot about personal money management in terms of having money. But, another side to managing your personal finances is knowing when it is time to donate to people who aren’t as fortunate as you or who you think deserve a helping hand.

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4 Financial Websites for Kids and Adults

Since setting out to write Dollars and Sense: How to Be Smart About Money, we’ve come across many books, websites, and financial gurus who are setting out to make financial literacy as high a priority as reading and math skills for both children and adults. During the research phase, we came across the expected financial tools, like websites dedicated to budget sheets and compound calculators, and there were websites with the creatively unexpected, like mixing financial skills with gaming, stimulating visuals, and online activities.
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Man’s Search for Meaning: A look at Victor Frankl

“… In attempting this psychological presentation and a psychopathological explanation of the typical characteristics of a concentration camp inmate, I may give the impression that the human being is completely and unavoidably influenced by his surroundings. (In this case the surroundings being the unique structure of camp life, which forced the prisoner to conform his conduct to a certain set pattern.) But what about human liberty? Is there no spiritual freedom in regard to behavior and reaction to any given surroundings? Is that theory true which would have us believe that man is no more than a product of many conditional and environmental factors — be they of a biological, psychological or sociological nature? Is man but an accidental product of these? Most important, do the prisoners’ reactions to the singular world of the concentration camp prove that man cannot escape the influences of his surroundings? Does man have no choice of action in the face of such circumstances?”
Excerpt from Man’s Search for Meaning by Victor Frankl

 

This week we’ve talked about happiness, how you can obtain it, how it can get away from you, how you can feel stuck, and how to weigh your options so you can reroute your life and find happiness again.

I thought we’d end this week with a few words from Victor Frankl who was a psychologist, holocaust survivor and the author of one of the most well-known holocaust books, Man’s Search for Meaning. In his book and the video below, Frankl discusses the Logotherapy/Existential Analysis he developed. In LTEA “the search for a meaning in life is identified as the primary motivational force in human beings.”

Watch the rare footage of Victor Frankl from 1972 speaking to the Toronto Youth Corps on Why to Believe in Others.

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Reinvent Yourself: Moving beyond an unfulfilling career

This week’s blog theme has been happiness; where do you deserve more and how can you get it? I’ve discussed how to deal with people who feel stuck in their position in work or school, how to abandon the idea of boredom, and questioned if Americans are spending enough time at one job to master it. When you’ve been searching for a job in your career for the last six months, it might be hard to have positive thoughts about your career choice. When you’ve been doing the same monotonous task for the last 3 years or have been struggling in a new job since your first day, it might be hard to feel happy about what you do for a living.

So, when do you know when you need to demand something more from your job and how do you move forward?

 

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Achieving Your Career Goals with College, Despite the Obstacles

 

Piper Perry, my intern last semester,  had worked since she started cleaning Super 8 hotels at 16. A lackluster student in high school, she went to Montana State University at Bozeman to please her mother. But , like  a lot of students, she spent more time partying than studying, and she dropped out.

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