Archives For true story

but-im-too-old

“grandma #1” by flickr user Piotr | cc by 2.0

A year and a half ago I met a local author at a craft show. She is a retired schoolteacher and was selling her series of three children’s books. The books were beautifully done and even included matching bookmarks.

I asked her about the books and why she wrote for children. I quickly looked through one of the stories and complemented her on her work.

Then I asked, “You have three. Will you write more books?”

“No,” she said, “I’m too old for that.” Continue Reading…

The following is a true story about family paperwork woes.

one spouse does the paperwork

“Bad Credit History?” by flickr user natloans | cc by nd 2.0

One husband started a small engine business after his wife got fired from her job. Even though the household income was less than before, this did not change their spending habits.

The wife began to spend themselves tens of thousands of dollars into the hole. She asked for money from others and borrowed money from her children on many occasions to pay the bills.

The wife hid these bills from her husband.

She would always sneak out to get the mail every day. One of their sons wondered why she did this.

One day, the son went out to get the mail and found some credit card bills. He confronted his mom about it, but she swore him to secrecy! Continue Reading…

A Cold, Windy Christmas

Ryan Eidson  —  December 9, 2014
cold-windy-Christmas

Places are set for Christmas dinner

On Christmas Day in 2010 Lori (my wife) and I gathered with other expats in the city where we lived in China. We took her famous oatmeal rolls and two other dishes with us and ate with the group at 12:45. It was nice to have a break from our work as managers of a farm company and enjoy time together celebrating a cherished holiday.

Sometime in the early afternoon, our driver (his English name is Philip) received a call from our farm workers outside the city that very high winds had broken part of the barn roof. The previous night was very windy in the city. We didn’t know that the wind caused damage to any buildings until this phone call. We thought that just a few pieces of tin were gone; however, the workers called back and said the entire north addition to the barn was gone!

Continue Reading…

What Happens When a Child Confronts His Parents about the Way They Handle Their Money?

The July 2014 issue of The Best You, a magazine from London, featured an article that I wrote: “Don’t Lose Financial Autonomy”.

thebestyoumagazine-logo

My article begins with this story:

One husband started a small engine business after his wife got fired from her job. Even though the household income was less than before, this did not change their spending habits.

The wife’s lavish spending patterns soon put them tens of thousands of dollars into the hole. She asked for money from others and borrowed money from her children on many occasions to pay the bills. The wife hid these bills from her husband. She would always sneak out to get the mail every day.

One of their sons began to be suspect that something was not quite right. One day, he went out to get the mail and found some credit card bills. He confronted his mom about it, but she swore him—a 13-year-old boy—to secrecy!

Click here to continue reading my article on The Best You website.

 

tax collectors

Image source: flickr user Lindsay Eyink | cc

At about the same time I published the first edition of my book Money Management for Cross-Cultural Workers, I received word that a family living overseas had not filed any tax returns with the IRS for the past six years.

The Davis family (not their real name) said they had issues with their former nonprofit agency. This agency has not issued the required tax documents to their workers by the required January 31 deadline each year. Nor had this organization prepared their associates for their tax responsibilities while living abroad. Continue Reading…

2011-hfmgrFor nearly two years my wife and I managed a farm overseas. A US-based non-profit organization asked us to help turn the farm operation around. In many ways, the farm was in a very difficult situation: poor use of natural and mechanical resources, employee troubles, and unwise financial decisions, just to name a few.

We did not realize how bad the situation was until after we moved there. Continue Reading…