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Opinion Editorials

What I wish I knew about finances in my 20s

(EDITORIAL) They say money makes the world go round. So, let’s discuss how to be smart with finances before it’s too late.

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Being in my early twenties, something I’m still getting used to is the fact that I’m making my own money. This is not to be confused with the babysitting money I was making 10 years ago.

Twice a month is the same routine: I get my paycheck and think, “Wooo! We goin’ out tonight!” but then I snap back to reality and think about what that money needs to be put towards. The smallest part of it going towards fun.

It’s been tricky to really start learning the ins and outs of finances. So, I do what I usually do in any type of learning process? I ask for advice.

I used to be fixated on asking those more advanced in age than I what they wish they knew when they were my age. Now that I’m determined to learn about finances, that question has been altered.

I reached out to a few professionals I know and trust and they gave me solid feedback to keep in mind about building my finances, about what they wish they had known in their 20s. However, I don’t think this only applies to those just starting out, and may be helpful for all of us.

“It’s important to simply know the value of money,” says human resource expert, Nicole Clark. “I think once you start earning your own money and are responsible for your housing, food, etc. you realize how valuable money is and how important it is to budget appropriately and make sure you’re watching your spending.”

Law firm executive director, Michael John, agrees with Clark’s sentiments. “I wish I had kept the value of saving in mind when I was younger,” explains John. “But, still remembering to balance savings while rewarding yourself and enjoying what your efforts produce.”

There are so many aspects of finance to keep in mind – saving, investing, budgeting, retirement plans, and so on and so forth.

In addition to suggesting to spend less than you make and to pay off your credit card in full each month, Kentucky-based attorney, Christopher Groeschen, explained the importance of a 401k.

“Every employee in America should be contributing everything they can into a 401k every year, up to the current $18,000 maximum per person,” suggests Groeschen.

“401ks present an opportunity for young investors to 1) learn about investing and 2) enter the market through a relatively low-risk vehicle (depending on your allocations),” he observes.

“An additional benefit is that 401ks also allow employees to earn FREE MONEY through employer matches,” he continues. “At the very least, every employee should contribute the amount necessary to earn the employer match (usually up to 4%) otherwise, you are giving up the opportunity to earn FREE MONEY. Earning FREE MONEY from your employer that is TAX FREE is much more important than having an extra Starbucks latte every day.”

Whether we like it or not, money is a core aspect of our daily lives. It should never be the most important thing, but we cannot deny that it is, in fact, an important thing. It’s tricky to learn, but investing in my future has become a priority.

Taylor is a Staff Writer at The American Genius and has a bachelor's degree in communication studies from Illinois State University. She is currently pursuing freelance writing and hopes to one day write for film and television.

Opinion Editorials

Do women that downplay their gender get ahead faster?

(OPINION) A new study about gender in the workplace is being perceived differently than we are viewing it – let’s discuss.

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The Harvard Business Review reports that women benefit professionally when they downplay their gender, as opposed to trying to focus on their “differences” as professional strength.

The article includes a lot of interesting concepts underneath its click-bait-y title. According to the study by Professors Ashley Martin and Katherine Phillips, women felt increasingly confident when they pivoted from focusing on highlighting potential differences in their perceived abilities based on their gender and instead gave their attention to cultivating qualities that are traditionally coded as male*.

Does this really mean that women need to “downplay” their gender? Does it really mean women who attempt this get ahead in this world faster?

I don’t think so.

The article seems to imply that “celebrating diversity” in workers is akin to giving femme-identified employees a hot pink briefcase – it actually calls attention to stereotyped behaviors. I would argue that this is not the case (and, for the record, rock a hot pink briefcase if you want to, that sounds pretty badass).

I believe that we should instead highlight the fact that this study shows the benefits that come when everyone expands preconceived notions of gender.

Dr. Martin and her interviewer touch on this when they discuss the difference between gender “awareness” and “blindness.” As Dr. Martin explains, “Gender blindness doesn’t mean that women should act more like men; it diminishes the idea that certain qualities are associated with men and women.”

It is the paradox of studies like this one that, in order to interrogate how noxious gendered beliefs are, researchers must create categories to place otherwise gender-neutral qualities and actions in, thus emphasizing the sort of stereotypes being investigated. Regardless, there is a silver lining here as said by Dr. Martin herself:

“[People] are not naturally better suited to different roles, and [people] aren’t better or worse at certain things.”

Regardless of a worker’s gender identity, they are capable of excelling at whatever their skills and talent help them to.

*Though the HBR article and study perpetuate a binary gender structure, for the purposes of our discussion in this article, I expand its “diversity” to include femme-identified individuals, nonbinary and trans workers, and anybody else that does not benefit from traditional notions of power that place cisgendered men at the top of the social totem pole.

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Opinion Editorials

Why I paused my career to raise our child

(OPINION) Our children are like tiny little sponges that absorb everything that we give them — your job and the sentiments it produces and evokes included.

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I never dreamed of being a stay-at-home-mom. Not in a million years did I think I’d find myself choosing to press pause on my career, but here I am, a mother for just nine months, doing just that.

HBR recently published an article about how our careers impact our children focusing on parental values and the emotional toll of our career involvement on our families. It got me thinking about my own childhood.

Growing up, my parents’ discussion of work was almost always negative. A job was something you had to do whether you liked it or not. As a child, I listened to my parents fight over money; I observed them in constant worry about the future. I watched them stress over unsatisfying jobs.

There was never any room for risk, no money to invest in a new career path, and no financial cushion to fall back on to give a new career time to grow.

Later, when choosing a path of my own, I would often wonder what my parents had wanted to be or who they could’ve been if they would’ve been able to choose careers they might’ve thrived in. All I ever knew is that my parents hated their jobs. While they’re on better financial footing now, the residue of their negativity persists in the career choices of their children.

While I was pregnant, I was working at an international tech startup in Silicon Valley. The company suffered from poor leadership; the week I was hired, my team quit and I was left to piece together a position for myself. The company continued to flounder, its culture unable to recover from interim toxic leadership.

I constantly worried about my son and the stress of a toxic culture on my pregnancy. Going into the office made me anxious. Leaving left me feeling stressed out and overwhelmed. Instead of imagining a bright, beautiful baby boy, I closed my eyes and saw a dark and anxious bundle of nerves. Of course, I blamed myself for everything.

Toward the end of my pregnancy, I promised my baby that when he arrived, I would do things differently. This would be the last time I accepted a job that I only felt lukewarm about. Never again would I participate in a culture that could diminish my talents and self-worth. I’d seen this kind of thing during my childhood and I’d be damned to repeat it.

During my career, I’ve watched coworkers hire full time live-in nannies, missing their baby’s developmental milestones and their children’s school events. I listened as one CMO talked about moving into his backyard yurt when the pains of parenthood became too much for him. He left his three preteen sons alone to fend for themselves in the mansion they shared in Silicon Valley.

We pride ourselves on the amount of work we put into our careers, but we rarely measure our success through the eyes of our children.

Children are mimics, they absorb everything we do, even during infancy. So, what are we offering them when we abandon them to make conference calls from yurts? What message are we sending them when our eyes are glued to texts, emails and push notifications? What are we teaching them when we come home stressed out, energy depleted and our values compromised?

We try “disrupting” anything these days so what about the working parent model? Would it be worth it?

My husband and I decided that it was and we’re doing things differently.

My husband works in the service industry. He doesn’t leave for work until late in the afternoon which means he spends all day with our son. At nine months old, my son has a strong emotional relationship with his father.

I carve out time during my days and nights to schedule writing work. I’ve recently returned to freelancing and I find that when I’m working with clients I believe in and doing work that I enjoy, we’re all much happier.

Everyone who’s ever had children says the first year goes by incredibly quickly. It’s true. My career will be there next year and for years after that. My son is only a baby once and I wouldn’t miss it for all the money in the world.

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Opinion Editorials

Zuckerberg makes eyeroll-worthy new years resolution

(EDITORIAL) This year, instead of losing weight, Zuckerberg is going to save himself and the world another way.

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Like the rest of us, Mark Zuckerberg, founder and CEO of Facebook, has announced New Year resolution – public talks on the future of technology in society. In a post on his personal profile page, he has pledged to participate in and host these discussions. Quite the step down from last year’s resolution to “fix Facebook.”

We get it, Mark, baby steps.

2018 saw Zuckerberg grilled by U.S. Congress and the European Parliament. His company suffered a drop in stock due to these hearings, was caught in the Cambridge Analytica firestorm and federal investigations, etc. It’s evident Zuckerberg bit off more than he could chew and his deciding to pull back isn’t surprising.

Here are the positives: the public needs more discourse on the future of tech and how it will affect the fabric of society. We want to connect with each other – we should pay more attention to what that truly means.

The entrepreneur titans leading the charge should be part of those discussions. Politicians, people elected to wield power for the public, are placed in debate situations regularly. Why shouldn’t the face of a global, digital platform be exempt from this basic practice?

If Zuckerberg is willing to truly have a candid talk (without prep or talking points), could we learn something new about his personal views? Does Officer Data have a soul after all?

But when all is said and done, talk is… just talk. The dangers with privacy on Facebook are already here.

The stakes are rising as the political and cultural landscapes are changing every year. It’s been two years since the problems with Facebook’s user information surfaced after the 2016 U.S. Presidential Election (and Ukraine actually blew the whistle in 2015). Zuckerberg has had quite a bit of time to reflect and “talk” about what needs to be done.

We try to keep to our resolutions every new year, and we’ll see if Zuckerberg can uphold his, or if his efforts disappear as quickly as my will to ween off my daily coffee routine. Even from a skeptic’s standpoint, I’ll eagerly wait to watch what goes down in this upcoming discussions.

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