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Bridging the Generational Gap

Peter Katevatis - Mar 31, 2014
Having been born in the 1970’s I find myself between generations.  I grew up with a TV that had 13 channels then a U Channel with “bonus” stations as technology improved.  Our telephone was rotary and you dreaded anyone with a zero in their phone num

Having been born in the 1970’s I find myself between generations.  I grew up with a TV that had 13 channels then a U Channel with “bonus” stations as technology improved.  Our telephone was rotary and you dreaded anyone with a zero in their phone number.  Our family was an early adopter in the computer age with a Commodore 64.  I spent many many hours working with the old C64 and learning how to write code and navigate computers.  I remember the debate of VHS vs. Beta and kid’s games were tactile like Monopoly, jacks, and diecast cars.

The interesting thing about this dichotomy is that in today’s world I can co-exist comfortably with traditional “analog” people and modern “wired” folk.  If you would prefer to meet over coffee, that’s wonderful.  Or, if you would prefer texting or messaging (on multiple platforms) that’s fine too.  I often find myself between children and their parents/grandparents explaining some modern terms that have nothing to do with investing and financial planning.  As a public service, this blog will be dedicated to explaining a few of the common ones:

Bitcoin – this one has been very high on the “what the heck is this all about” question.  Basically, it is an  online currency that users believe has value.  The same way we value a piece of paper to be worth $100, a bitcoin user values the currency the same way.  I could expand on this greatly if needed.
 


 

Flash Mob – If someone invites you to a Flash Mob, don’t show up naked under a trenchcoat.  It is a goofy situation where a group of people get together to perform a dance or song unbeknownst to the public around them.  
 


Crowdfunding – This is a new form of financing for companies.  Instead of raising funds using traditional channels, someone can explain their business venture and people will fund it in small increments.  If 10,000 people put $20 towards a movie idea, a director can raise $200,000 to start production.

Yarn Bombing – Some call it street art, some call it vandalism.  Yarn bombing is everywhere if you are paying attention.  Mostly on street lamps or bike racks, this group of hooligans decorate public spaces with knitted décor and you have to respect the effort.
 


Selfie – If you didn’t know what this is, you probably found out at the Oscars as Ellen Degeneres posed with a few stars.  Simply put, it is taking a picture of yourself.  There is also new hit song that pokes fun at people’s selfie obsession.
 


Photo Bomb – This is creeping into the back of a photo of total strangers (See Kevin Spacey above).  I have found this funny for years.  Especially back in the day of film photography when you didn’t know you had been “bombed” until you picked up your developed photos from the photo lab.  

If there are any other terms you have come across that don’t make sense to you feel free to ask me or look them up.  Just beware on using them.  Could you imagine your parents calling something Chawesome back in the 80’s?  So lame.