Here's why financial independence doesn't mean free time forever.
- Vicki Robin and Joe Dominguez coauthored Your Money or Your Life in 1992, a now-classic finance book about liberating yourself from debt, waking up to obsessive materialism, and learning to be financially self-sufficient.
- Anyone interested in becoming financially independent and retiring early needs to ask one big question first: Who are you without your job? What would you do with your life if income were not the focus?
- The biggest myth? Retiring is not the end of work; it's only the end of your job. It is not free time forever. Vicki Robin warns that people who don't know what to do with their time may be headed for an identity crisis.
Populism: The "overnight" problem 40 years in the making
- A globalized, interconnected world doesn't necessarily work for everyone... especially on the rural (and hyper-local) levels.
- While many got massively rich from technology and globalized trade it left many feeling locked out.
- Anand focuses on the rise of Trump and the huge popularity of Bernie Sanders to highlight the fact that the majority aren't satisfied with the current state of capitalism.
Baby boomers seem to have had an advantage in nearly every financial metric compared to millennials, according to a new study from the Federal Reserve.
- Millennials earn less, own fewer assets and have more debt than previous generations.
- The fact that Millennials' spending habits differ from previous generations is best explained by lower earnings and less wealth, rather than changing tastes.
- Some Millennials might be too optimistic about their ability to retire early — or on time.
Just because a company does incredibly well financially doesn't mean that it does any good for the people. How can we change that?
- Huge corporations are often built upon the backs of very cheap labor. So while the stock prices go up, the lives of the workers goes down.
- Corporate taxes could offset the harm that these behemoth companies do. But there's a lot of opposition to raising taxes.
- Another option would be to classify companies entirely differently than we do now.
New research shows that the answer is more subtle than you might think.
- The debate on whether to be transparent about our salaries has been going on for decades.
- New research shows that depending on whether we share our salaries vertically (from boss to employee) or horizontally (between equal peers), we can expect different effects in our productivity and motivation.
- Millennials are more likely to share salary information than previous generations. What effect will this have on the workplace?
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