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(No) May Wrap Up

June 2, 2020

I feel confident my readers who are privileged enough to not face systemic racism have already sought out appropriate resources, such as 75 Things White People Can Do for Racial Justice. If you don’t know where to start, choose something from this list, then choose another, and keep going.

I found this open letter to rich white friends thought provoking, and apt for the personal finance and FIRE community. I know I am guilty of hoarding. I know I didn’t do anything special to be so financially rewarded. As a start, I added a recurring monthly donation to NAACP Legal Defense Fund and to Black Lives Matter. I abhor costs that automatically recur monthly, but it seems like a more appropriate commitment than a one time donation. It is not a lot, but it is my step. I also caught up on donations with some one-time contributions to causes related to local poverty and food insecurity. I encourage anyone making financial commitments to share what you are doing. I find it inspiring, not bragging.

Tanja has some thoughtful things to say about our community, as usual.

I can’t write my financial wrap up for May. I have the information, but I don’t really care, and I assume you don’t either. We are doing just fine, and I hope you and your family are too.

3 Comments leave one →
  1. June 3, 2020 11:00 am

    I’m still doing my write-ups to hold on to tiny semblances of normalcy but mostly my attention is entirely on what’s going on in the world and I am struggling to stay on task.

  2. June 18, 2020 7:59 am

    It was surprising to me how little money mattered once the pandemic hit, and even more so once George Floyd died.

    The letter to the rich white friend is uncomfortable, and I’m letting myself sit with that discomfort. Certainly we are hoarding our wealth, that’s essentially what FIRE is.

    I don’t think spending or even donating all our money is the answer. It’s like the individual steps we can take against climate change- certainly not nothing, more if lots of people do it, but ultimately meaningless vs. the scope of systemic change that needs to happen. That’s not an excuse for inaction, though! Donate, spend at black-owned businesses, and vote… then what?

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