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• Victim mentality: Do people trap themselves in poverty?

  Posted Aug 12 2008, 02:50 PM by Karen Datko
  Filed under: Family, Marriage, Karen Datko, Employment
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  Some people blame the system or fate or bad luck for their inability to get ahead in life. Could they be right, or are there steps most people can take to improve their financial situations?

  In a post called "Victim mentality and personal finance" at Moolanomy, Pinyo wrote about a couple he knows who have spent 20 years in poverty and believe "that was the hand they were dealt." He begs to differ. He said that blaming seemingly uncontrollable circumstances is counterproductive, and that "victim mentality is detrimental for your financial health."   Read More...

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• Report: Stay-at-home moms are worth 6 figures a year

  Posted May 21 2008, 06:24 AM by Karen Datko
  Filed under: Family, Giving, Karen Datko, Employment
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  Want proof that stay-at-home moms would be earning a pretty good income if they were getting paid for their work? A report by Salary.com says the time SAHMs spend on 10 "mom job functions" -- including housekeeper and psychologist -- would bring $116,805 in the work world.

  Full-time moms work an incredible amount of overtime at their jobs -- 54.4 hours a week above and beyond the normal 40, the Web site says.   Read More...

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• Learning from mistakes: A real-life example

  Posted May 21 2008, 05:58 AM by Karen Datko
  Filed under: Investing, Family, The Dough Roller, Employment
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  This post comes from partner blog The Dough Roller.

  Mistakes are a part of life. We all make them. But like turning lemons into lemonade, we can benefit from our mistakes and make the most of them, or we can run from them and pretend they don't exist.

  This hit home for me recently in an e-mail exchange I had with a reader. In a recent post about peer-to-peer lending, I made a mistake.   Read More...

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• Investing in yourself: Build self-confidence

  Posted May 01 2008, 09:11 PM by Karen Datko
  Filed under: Investing, Family, Simple Dollar, Employment
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  This post comes from Trent Hamm at partner blog The Simple Dollar.

  As I sit down to write about the value of investing in self-confidence, I keep picturing one of my closest friends. She's got a lot going for her, but she often finds reasons to think that she's a bad or unworthy person. She often doesn't have the self-confidence to step up and grab the ring, even though her talents have entitled her to it.   Read More...

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