Affect-Effect - Accept-Expect

A student asked me if I would explain the difference between Affect and Effect. Affect is the verb; effect is the noun. And I gave him this sentence: 

"I was affected by the effects of the tornado." And then there was a tornado in northern Utah, and I figured I'd better change the sample sentence. 

"I have been affected by the effects of cancer treatments." 
"I have been affected by the effects of divorce." 
"I have been affected by the effects of renting our room through AirBnB." 

Enough? 

And then he asked me to explain the difference between Accept and Expect, and I had to think. Accept is the verb; expect is likewise a verb. 

I have certain expectations of myself and of others. Once a self-appointed friend told me I had too high of expectations. And I innocently thought that was odd - I mean, if I do my best, shouldn't others be expected to do the same? And if my expectations are out of reach for others, then do I need to accept less, because I expect less? Can I accept less of myself if I lower my expectations for myself? 

Does acceptance have anything to do with lowering expectations? Is it necessary to take a step down on the expectation ladder just to be able to be more accepting of whatever comes my/your way? 

When you learn to accept rather than expect, what are the affects, and for how long are you effected? I'm not sure this is "right." What if I accept more and expect more - isn't that the law of abundance? Or is that the law of disappointment? 

Aaah goodness, food for thought. Damn students who make me think!