Common investing mistakes that beginners should avoid
Knowing the pitfalls is the first step to making smarter money decisions.
- Taking control of your money and making better financial decisions is something that everyone can and should do.
- There is a bit of a learning curve when it comes to investing. A big part of making money is learning how to avoid common mistakes.
- Buying cheap stocks instead of smart ones, being too reactive to news headlines, and thinking short term are a few of the things that new investors often get wrong.
Getting 16.4 million people better post-secondary education? Lumina Foundation has a plan for that.
Lumina Foundation wants to help 16.4 million people get a quality credential by 2025, and they're looking for entrepreneurs with the vision to help realize that goal.
- Lumina Foundation's goal is to help people across the U.S. get a quality post-secondary education.
- To do that, it's providing grants, helping to shape policy, and it's investing in innovative entrepreneurs through the Lumina Impact Ventures program.
- Lumina is looking to partner with entrepreneurs who are dedicated to helping students gain a fulfilling post-secondary education and for whom Lumina Foundation can be a strong value-add partner.
- In 2019, Lumina Foundation and Big Think teamed up to create the Lumina Prize, a search to find the most innovative and scalable ideas in post-secondary education. You can see the winners of the Lumina Prize here – congratulations to PeerForward and Greater Commons!
Should you be for-profit or nonprofit? Why not both?
Cutting edge social innovators should consider hybrid models
Over the past fifteen years, I've had the opportunity to provide strategy for well over a hundred social change start-ups seeking to make the world a better place. The most common question they ask, "Should we be a for-profit or a nonprofit."
My answer, "Why not consider both?" Let's review the advantages and disadvantages.
One skill determines if you're relevant in today's economy
How do you make yourself valuable in an ever-changing economy? You become well-rounded.
Bill Drayton, the founder and CEO of social entrepreneurship firm Ashoka, thinks that doing business today relies on being as prismatic and as open as possible. That's how you become, as he puts it, a "change maker." The world doesn't need more specialists, he posits, because well-rounded people open to new ideas and learning new skills can fit just about anywhere.
How managers give raises, and why women must ask for more
The best career advice that you are not getting? Financial feminist and Wall Street powerhouse Sallie Krawcheck delivers.
Sallie Krawcheck is the current CEO of Ellevest (a digital investment platform for women), is a former CFO and CEO at Citigroup and Merrill Lynch respectively, and is a self-described "financial feminist". She speaks here to women, but this advice can be applied across the board to anyone who is marginalized in the workplace or wants to jumpstart their personal wealth. For Krawcheck, the best career advice no one is talking about is actually financial advice: invest. Make your money work while you do, so that you have more financial freedom to make confident decisions in your career: ask for a promotion, quit the job that doesn't treat you well, or test your own business ideas. If you have money in the bank, you are free to play looser with your decisions. Men do it, and women should too. Remember this: "Ladies, we will not be equal with men until we are financially equal with men," Krawcheck says. Her second piece of advice is to ask for more money from your very first job, and to plant the seeds of a 12-pronged pay-rise request far in advance. Twelve prongs? Yep. It will all makes sense once you hear out her incredible guide to negotiating a salary increase and closing the gender pay gap. Sallie Krawcheck is the author of Own It: The Power of Women at Work.
