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How I teach my kids about money

Money has a mystical quality. In ages past (aka 10 years ago), people carried around paper currency. New, crisp bills had a sacred aura. The stamped sheets of green had a fresh aroma like a new car. And then there were metallic circles called coins. I remember my parents used to collect pennies in rolls. I haven't seen a roll of pennies in years and I'm certain it functions better as a paperweight.  Technology has worked to make money invisible and touchless. It's no longer a physical transaction. We pay our credit cards online and shift them out of our attention through auto-pay. We set up recurring donations to our local church or charity. Taxes, healthcare premiums, and 401(k) contributions are automatically deducted from our paychecks and the remainder is directly deposited to our bank accounts. Even as money has become less visible, it's also become more visible in strange and magical ways. Every now and then, I scroll through my Venmo public transaction feed and g...

Why I invest in stocks

Our church started a sermon series about money. Money has all kinds of contradictions for Christians. For instance, I believe: I am a citizen of an invisible nation and worship an unseen king Nothing I've received truly belongs to me There is an afterlife and my choices matter into eternity Money presents supernatural temptations Generosity is the way the power of money is subverted On the other hand, I contend with these earthly realities: I grew up in the Silicon Valley as the child of Chinese immigrants who worked their "dream jobs" at IBM and Apple through the 1970s and 1980s. My parents emphasized saving money (the "Asian conscience" ), and like many of their Silicon Valley peers, accumulated significant wealth from their stock and real estate investments I want to provide for my wife and my future needs as well as provide for my children and contribute to my kids' costs of higher education I worked in tech and am well-educated, competitive, and enjoy...

Asian Americans and Silence

Photo by Jason Leung on Unsplash If what one has to say is not better than silence, then one should keep silent. - Confucius When words are many, transgression is not lacking, but whoever restrains his lips is prudent. - Proverbs 10:19 In this past year’s movement to promote racial and cultural awareness, it is a painful irony that we, as Asian Americans, are derided for one of the unique virtues we possess. This post is a response to slogans like "silence is complicity", for allies to appreciate the underrated value of silence particularly in Asian culture, and an encouragement for Asian Americans to experience freedom from shame and guilt when we are silent. I want to argue that silence is a valid option in a culture that places great value on the frequency, volume, and pitch of emotional self-expression. In a world of shouting and noise, silence is crucial. I am deeply grateful for my Asian American brothers and sisters who have spoken up during this unique season where a...

White Fragility and the Birdcage

Image courtesy of Jada Wong [1546 words] I am a racist.  At least that’s what I thought for years. I have long carried in me prejudice against black people. And not only black people but also bias against Latinx, white people, and Asians as well. A couple years ago, I discovered my definition of racism is outdated. Robin DiAngelo’s White Fragility confirms this. I am longer considered a racist. As a person of color, I can only have prejudice because my racial group is not in power.  DiAngelo is a professor and diversity trainer. Her book points out a phenomenon she’s experienced hundreds of times during her seminars. The phenomenon consists of encounters with white people who exhibit a strong defensiveness and refusal to talk about race and racism. She uncovers deep-seated insecurity about addressing unconscious forces of socialization that have deluded white people into thinking racism and white supremacy no longer exist.  One of the many things that make racism difficu...

When the Overachieving Immigrant Narrative Fails

My dad and I in Southorn Playground When I was a kid, one of my enduring memories of my dad was lectures he gave my brother and me about his impoverished upbringing. He would regale us with tales of how hard he worked to gain entrance into National Taiwan University, make it to America, obtain a master’s degree, get a job at IBM, become a successful project manager, and then own an expensive home in Almaden Valley. I have not so fond memories of sitting there in guilt and shame as he described to my brother and me the circumstances he overcame because of his diligent work ethic. That was an enduring paternal narrative of my childhood. Unlike his immigrant peers, he didn’t put as much pressure on me or my brother to succeed but he was extremely critical of us and quick to point all the advantages we grow up with that he did not.  And then when I was around 13 years old, my dad became a follower of Jesus and his narrative gradually began to shift. It didn’t become apparent t...

Masculinity and the Asian American academic gender gap

The New York times ran an article covering a study about how the academic gender gap starts later in life for Asian American boys. The academic gender gap means, on average, girls outperform boys in school. The gap starts as early as kindergarten and continues into college. However, there’s one exception: Asian American boys keep up with Asian American girls throughout elementary and then begin to lag as a group during adolescence. The article explains: "[Boys] get the message that doing well in school is not masculine, social scientists say. Even in peer groups that prize good grades, it’s considered uncool to seem to try hard to earn them. Asian-American boys are somehow sheltered from that message in early childhood. The reasons could give parents and teachers information about how to help boys of all races reach their full potential." At my affluent suburban school in Silicon Valley, the social culture I was immersed in emphasized being smart being smart but not ...

How Asian Americans Misunderstand Shame

I often hear complaints from Asian American that roughly go like this: “I’m a victim of low self-esteem because of how my Asian immigrant parents shamed me during my childhood. The way forward is to resent my parents and their shaming tactics and to avoid shaming experiences in the future.” According to American's society’s leading shame popularizer, Brene Brown, shame is the "intensely painful feeling or experience of believing that we are flawed and therefore unworthy of love and belonging.” It’s not that this definition is 100% incorrect rather that it’s incomplete, vague, and subjective. It focuses only on the individual’s emotional experience of shame. Before shame became public emotional enemy #1, there were Asians. Eastern cultures have been centered around honor and shame for thousands of years. While it's likely that most Westerners have a different understanding of shame, the consequences for this knowledge gap are more severe for those who are bicult...