High-achieving siblings

by MBT

Then don’t even mention Calculus…..

Here is the summary of a study on high-achieving siblings, and the commonalities in how they were raised. A lot of what these parents did seems contrary to the Amy Chua, or even Totebag parenting ideals. In particular, there seems to be a willingness to allow children to fail that we really don’t seem to have here. However, they mention drug and alcohol problems, teen pregnancies, and other stumbles on the path to adulthood. Many on this board would not consider those outcomes to be a success. The siblings profiled all did achieve success in their chosen fields, so there must be something more than chance going on. I’m not sure how that can be, though, because Calculus is not mentioned anywhere in the article. Do you see any similarities between your parenting styles and those profiled here? Do you consider these families to be successful?

Secrets of Super Siblings

Stock market shenanigans?

by MBT

I read the book Flash Boys and found myself so appalled at how sketchy and underhanded the market is, and how little I know of how it works, that a handful of other people in my life got the book because I kept talking about it. The SEC has approved a new stock exchange run by the men who were central to the book.

IEX Group, Critical of Wall St., Gains Approval for Stock Exchange

Many of you know much more about the markets than I do. Do you see this as a good thing? Something that will last? Are the warnings that it could hurt small investors accurate?

Paying for luxury

by MBT

How much are you willing to pay for the good life?

I know some totebaggers extol the virtues of paying extra for first class air travel, particularly on international flights. Others find big vacation splurges, or luxury cars, or home renovations to be worth it. What luxury experiences are worth it to you? Are you willing to pay extra to not rub shoulders with the hoi polloi, as the article suggests?

In an Age of Privilege, Not Everyone Is in the Same Boat
Companies are becoming adept at identifying wealthy customers and marketing to them, creating a money-based caste system.

Grocery bills

by MBT

I am fascinated by those of you who have mentioned in the past how you spend so little on groceries each month for your families. I spend multiples of what the SNAP monthly allotment is, but several people on here said that the SNAP number was consistent with their spending. So because one of my goals for this year is to reduce some of my mindless spending, my overall grocery and takeout food budget is under careful scrutiny right now.

I often don’t meal plan, and just buy things I think I’ll use, which results in waste. So I am trying to start meal-planning on weekends and only shopping off of my list. But I want to know what some of your secrets are for a consistently low grocery bill. Here were a few of my questions:
– Do you buy store brands and/or generics?
– Does your total bill include wine, beer, etc?
– Does your bill include meat? (I order most of my beef from an online steak company, so my weekly grocery spending does not include this)
– Does your number include household cleaning products like paper towels, detergents, etc?
– Does you number include personal care products like shampoo, razors, etc?
– Do you intentionally choose recipes that require lower cost foods, or do you cook whatever your family likes?

What other things do you do to watch your spending, so you don’t end up with the $150 quesadillas?

Who Goes To College?

by MBT

Here is a chance to test your knowledge based on years of discussions on this site. The NY Times wants you to draw a graph showing the relationship between family income and college enrollment. The article links to a couple of other similar studies plotting relationships of various markers of achievement to family income. How accurate is your graph?

You Draw It: How Family Income
Predicts Children’s College Chances