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Showing posts from April 20, 2014

Financial Management 101: My Tootsie Roll Turning Point

I ran-skipped home, clutching a grass-stained, ten-dollar bill in my hand. I had never felt so rich in my entire (pre-teen) life! My burgeoning lawn-care business was only a week old and I was already seeing incredible returns. $10 whole dollars!  (Note: Ten dollars was the equivalent of one thousand Tootsie Rolls purchased at the local baseball park.) Just the thought of all those Tootsie Rolls filled my mouth with Saliva as I ran, which made it harder to breathe, but I didn't mind spit or drool as my clothes were covered in filth anyway.  Soon, I'd ask my dad to break the bill so I could finally discover if it would be possible to fill my first-baseman’s glove with tubular, chocolate goodness. Like most Saturday mornings, I found my dad in his study working on our family’s finances.  Feeling on equal terms—now that I was bringing money into the household—I proudly barged into his office revealing my prize. After doling out the anticipated praise, Dad asked ...