Saturday, June 19, 2010
What Just Happened? - Part 2
So its now 7:15 and all is quiet (more or less). What did they rest of the day hold for Miranda and I? The conversation about her paying for the baby sitting class continued while we had lunch. Luckily, no tears this time.
Still no real insight on Miranda's part regarding why she reacted the way she did. She still maintains that the first conversation never happened. We agreed to be a little more deliberate when discussing money in the future, particularly if it is not at the regular banking time.
So what's the final outcome? She is still paying. She did catch on to my rather large hint that she should treat this as an investment, and make a withdrawal from her investment account to pay for it. We also talked about the need to track what we invest in the business so she can figure out if it was an good decision or not. This will now become part of our regular banking routine.
Of course, being the guy with too much time on his hands that I clearly am, we spent an hour or so discussing how to treat her baby sitting endeavor as a real business. We now have a business name (Miranda's Lil' Monkeys), rough draft of a resume, rough of a business card and the beginnings of a marketing plan. In hindsight, I think this confirms that the concerns about entitlement are real, and I still think there are better ways than tying the allowance to chores to drive this point home. Maybe this whole thing was simply a way to let me know "now is the time to deal with this"?
Little side benefit for me - it allowed us to talk about my business, and how I started it. Given that I work from home and can more often than not be found at my desk in jeans and a t-shirt or my work out gear, it is challenging to make them believe that I actually do work for a living! Any time I can make it a bit more real is important.
Talk to you later.....
Still no real insight on Miranda's part regarding why she reacted the way she did. She still maintains that the first conversation never happened. We agreed to be a little more deliberate when discussing money in the future, particularly if it is not at the regular banking time.
So what's the final outcome? She is still paying. She did catch on to my rather large hint that she should treat this as an investment, and make a withdrawal from her investment account to pay for it. We also talked about the need to track what we invest in the business so she can figure out if it was an good decision or not. This will now become part of our regular banking routine.
Of course, being the guy with too much time on his hands that I clearly am, we spent an hour or so discussing how to treat her baby sitting endeavor as a real business. We now have a business name (Miranda's Lil' Monkeys), rough draft of a resume, rough of a business card and the beginnings of a marketing plan. In hindsight, I think this confirms that the concerns about entitlement are real, and I still think there are better ways than tying the allowance to chores to drive this point home. Maybe this whole thing was simply a way to let me know "now is the time to deal with this"?
Little side benefit for me - it allowed us to talk about my business, and how I started it. Given that I work from home and can more often than not be found at my desk in jeans and a t-shirt or my work out gear, it is challenging to make them believe that I actually do work for a living! Any time I can make it a bit more real is important.
Talk to you later.....
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