Income is tied to happiness and hope for the future

Money can't buy happiness, but try being hopeful and broke at the same time.

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  • A new study finds money alone doesn't make people happy, they need some hope for the future too.
  • The study adds to the increasing pile of literature on the subject of how hope influences our wellbeing.
  • The findings, particularly on when this effect doesn't work, may have implications for future policy decisions.
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Personal finance: How to save, spend, and think rationally about money

Finances can be a stressor, regardless of tax bracket. Here are tips for making better money decisions.

  • Whether you have a lot of money or a lot of debt, it matters how you handle your personal finances. A crucial step when it comes to saving is to reassess your relationship with money and to learn to adopt a broader, more logical point of view.
  • In this video, social innovator and activist Vicki Robin, psychologist Daniel Kahneman, Harvard Business School professor Michael Norton, and author Bruce Feiler offer advice on achieving financial independence, learning to control your emotions, spending smarter, and teaching children about money.
  • It all starts with education and understanding. The more you know about how money works, the better you will be at avoiding mistakes and the easier it will be to take control of your financial circumstances.
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Venture investors need to invest in Black-owned businesses

Less than 1% of all venture capital funding in the US is given to Black entrepreneurs. Now is the time for that to change.

Credit: Big Think
  • Abner Mason, CEO and founder of health care startup ConsejoSano, is calling for all venture capital firms in the United States to pledge to invest 13% of their funds in African American businesses.
  • Currently, Black entrepreneurs receive less than 1% of all venture capital funding.
  • The 13% target reflects the percentage of Black Americans and is a nod to the 13th Amendment.
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How can we design schools to be anti-racist?

From reassessing the way schools are funded to changing the curriculum, there are ways to fix the inequities in education.

  • Recognizing when something is overtly racist is easy, but when it comes to education in America there is often subtle and systemic racism at play that can put children at an early disadvantage. Chris Lehman of the Science Leadership Academy says that now is the time to have these important conversations and to design schools to be anti-racist.
  • Lehman says that in Philadelphia, the amount of money spent on one child's K-12 education can be $170,000 less than that of another child who lives in the suburb just a block away. These racist systems and structures are in place in cities across the country but are often not addressed.
  • Family income directly translates to the amount spent by the public to educate children. "That's one of the most anti-American things I can imagine," Lehman says about the racial and socioeconomic inequity. While funding is a major component, changes must also be made at the curriculum level.
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Why the simple life is not just beautiful, it’s necessary

Living simply now strikes many people as simply boring.

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The good life is the simple life. Among philosophical ideas about how we should live, this one is a hardy perennial; from Socrates to Thoreau, from the Buddha to Wendell Berry, thinkers have been peddling it for more than two millennia.
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