HIP Monthly Round Up {April 2017}

HIP Monthly Round Up (April 2017)

I am a firm believer in looking at a lot of different viewpoints. If we only reinforce our own views, how can we grow? If you search only for knowledge with which you agree, you become too focused and disconnect from other people.

There are so many awesome bloggers and people sharing their lives and ideas around the world. I try to HIP Monthly Round UP April 2017curate the articles and posts that others write that would pertain to the target reader here. Parents, high income earners and those that fall in both category will benefit from the other articles listed here in a feature I call the HIP Monthly Round Up. I try to find content that is relevant to raising our kids, helping our kids with finance and helping their parents make responsible financial decisions. 


The Dogies


Chief Mom Officer has an amazing blog. She is always coming up with great blog posts but I especially like this one about creating a College Compact. Just like the brave Pilgrims that traveled across the Atlantic Ocean, this idea helps us negotiate the scary waters of paying for college.


In case you need help getting back on track after borrowing for college or professional school, The Big Law Investor is giving us all the ways to Save Money on Student Loans in this all-encompassing post. This guide has everything you need to refinance and save a lot of interest.


Lisa at MadMoneyMonster is giving an interesting perspective that You Aren’t a Bad Parent if You Can’t Pay for College. Some of us view paying for our kids’ college as a pay it forward idea. A big portion of Americans can’t set aside the money for college. They are spending it on important things like food and shelter instead.  As high-income earners, most of us can afford to pay for some of our kids’ college expenses. I’m a big believer that they should contribute as well. We’ve looked at this before in Skin in the Game. 


Joe over at Retireby40 is shaking things up by asking us, Are You Your Greatest Asset? I love this post. It makes you look at another side of what I think we would all like to believe. 


The Teacher Investor is breaking down how to approach investing in Investing – Don’t Believe the Hype. It’s Simple. Really. Honest. If you follow the tips in this article you will be way ahead of the majority of people today. 


Matt at  TalkingInClass.org just introduced himself at the RockstarFinance.com forum.  He has an awesome mission to bring financially savvy parents into the classroom to help educate our students. This is definitely an area our schools could improve.  



It has been a great second month of blogging for me. Thanks to Physician on FIRE featuring me on a Sunday Best, over 1100 people have viewed more than 3000 pages this month.  It is exciting and humbling so many people would take time out of their day to read something I’ve written. Thanks to all who’ve stopped by.


I was Told There Would be Cake

Last week we went to a family homeless facility called The Strong Foundation. It is a place where families that have fallen on hard times can go to rebuild their lives. So many facilities only take adults, it is an amazing place that provides a safe environment so that the parents can be with their kids while they get back on their feet.

The leaders of Strong Foundation have set up programs to help the parents. They are working with job placement agencies, offering GED classes, recovery classes, and taking them through parenting classes and Financial Peace University. It is an opportunity for the family to stay together and grow together. I love that.

HIP Monthly Round UP April 2017

One Tuesday a month our friend Jen organizes a birthday party for all the kids living at the shelter that have a birthday that month.  This past April 18th, between all the families that showed up we doubled the kids there. About 40 children from 6 months to 16 years played games, did crafts and just had an overall great time while their parents attended a parenting class. Did I mention there was cake?

It is so amazing to see kids from so many different socio-economic walks of life just playing basketball, four square and checkers together.  Also, I think the cake helps.  (I like cake.)

It is easy to get caught up in our incredibly spoiled lives. It puts things in perspective when others don’t know where their next meal will come from and we get angry when we have to wait too long for a table at a restaurant.

I think it is a great lesson for anyone, but especially those of us with higher incomes to be able to see and interact with those around us that didn’t have the same opportunities we had or made poor choices that landed them in a more tumultuous life.

HIP Monthly Round UP April 2017

Questions are Good

Trips to the strong foundation always spur conversations with my kids about how different people end up in different circumstances. It is a great educational opportunity and it shows them we are all people that can help each other.

One little girl that is currently living at the Strong Foundation had an April birthday. She came up to the awesome woman who organizes the birthday party as we were leaving. She said,

Miss Jen, this is the best birthday party I’ve every had!

That is both the most heartbreaking and the sweetest thing I’ve heard in a while. It is wonderful to make a difference, but humbling to think how a couple hours playing games and a cake can be that big of an impact on a child.

I just wanted to encourage everyone to seek opportunities to expose your kids to other cultures, other walks of life and other people in different socioeconomic stages of life.  I think we all grow and are more grateful for what we have when we do this.

Thanks for reading and I hope your May is even better than April.


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Tom is a doctor, husband and father of five with a passion for parenting and finance. When he isn't skateboarding, riding BMX, or jumping on the trampoline with his kids, he is reading and writing about personal finance. He helps high income parents educate and mentor their kids to become financially, emotionally, and intellectually self sufficient.

10 Responses to “HIP Monthly Round Up {April 2017}

  • I was introduced to your blog through the PofF feature and love the topics you’ve been tackling lately (those 3,000 views are all me, lol). But really, there are a lot of additional considerations for those with high incomes that aren’t covered under many basic personal finance blogs.

    • Thank you so much Kathryn. I hope those with high incomes get a lot of benefit here and hopefully show their kids how to make and growth their own high incomes someday. The financial blogging community has some of the best people I’ve every talked to. Hopefully the message we spread grows and grows throughout society. Thanks for reading.

      Tom @ HIP

  • Hey Tom. Thanks very much for the share!

    Much alike in our blog focus . . . that this is really all about the kids. I don’t really like the ‘legacy’ word, but helping others (especially those younger and just starting out) is great and purposeful work! I’ve been enjoying getting to know your blog.

    So thanks again for the share and hope to stay in touch!

    • Thanks Prof! I’m glad to see a teacher leading the way for other teachers. I’ve really enjoyed your articles as well. Keep up the great work.

      Tom @ HIP

  • Thanks for the shout out HIP! I’m happy to hear you enjoyed my college compact article. I came up with the idea out of frustration with not being able to find a good strategy for setting a college savings target. All the financial advice I was finding either said “you’ll never know how much you need to save,” “save as much as you can,” or “don’t save for your kids college – save for your retirement”. But what if you’re well on track for retirement and want to set a realistic target? I’m hoping my article can help others struggling with the same questions I had.

    • You are so right. All the advice seems to be if you save too much you’re hosed. If you save too little, you’re hosed. It’s good to set expectations early and adapt to the resources you have available. Thanks for writing the article and for stopping by CMO.

      Tom @ HIP

  • Thanks for the shout out!

  • Tom, I stumbled onto your site from RSF. Cool post and round up. You mention some fantastic blogs!

    Also, I especially like the quote from the kid “Miss Jen, this is the best birthday party I’ve every had!”… awesome.

    Keep up the blogging momentum. You’re doing great!

    • Thanks Michael. The strong foundation is a great place. If your city has anything like it I would encourage anyone to get involved. Most likely shelters like this can use all the help they can get. Thanks for reading.

      Tom @HIP

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