Links for Jan 2023
Enjoy this food for thought during the depths of winter! (At least, winter in the Northern Hemisphere. To readers in the Southern Hemisphere, such as Australia, New Zealand, and South Africa - we're all jealous of you, enjoying the nice summer weather!)
Without further ado:
These should induce rage among young people, and should probably induce rage among older people on behalf of younger people. But unless that rage gets converted into productive action, I'm not sure how much good it'll do.
- https://www.supermoney.com/average-millennial-income/
- https://www.businessinsider.com/income-increase-young-adults-less-than-housing-tuition-costs-2019-9
Great reminders from Darius Foroux:
A couple worthwhile lessons from the book The Millionaire Mind, written by Thomas J. Stanley, author of the bestselling The Millionaire Next Door: https://limpression.org/the-millionaire-mind/
Since crypto and FTX is in the news, I'll include these from CNBC:
- https://www.cnbc.com/2022/12/13/live-updates-ftx-collapse-house-lawmakers-hold-hearing-following-arrest-of-founder-sam-bankman-fried.html
- https://www.cnbc.com/2022/11/15/cryptocom-customers-worry-it-could-follow-ftx-ceo-reassures-them.html
Stumbled across this interesting piece on Wikipedia. Speaks to how interconnected the world is, as well as providing yet another lesson in the dynamics of stock market bubbles: https://en.wikipedia.org/wiki/2015%E2%80%932016_Chinese_stock_market_turbulence
An essay by Michael Crichton, published in 1993! https://www.wired.com/1993/04/mediasaurus/
'Our kids say our small house is embarrassing.' Spoken like people that didn't have to pay for anything: https://www.marketwatch.com/story/our-kids-say-our-small-house-is-embarrassing-my-husband-and-i-earn-160k-have-1-million-in-retirement-savings-cook-at-home-and-drive-an-old-honda-are-we-missing-out-11673356853
- Sounds like these kids need to read The Millionaire Next Door, so they can learn how wealthy people REALLY behave!
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