9 PUBLISHED IDEAS
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1. Assuming you’ll save more later. It’s very easy to procrastinate on setting up retirement accounts and making saving a priority. You’ve got a paycheck now and too many places to spend it. Maybe in the future, when you’ve gotten a raise or two, you can amp up your retirement savings. But that kind of thinking is a great way to have no savings for retirement. You can’t count on higher paychecks in the future. And even if you do make more later, any day you wait is a day lost to the magic of compound interest. There are plenty of ways you can get bailed out and still live a comfortable retirement, but none of them are guaranteed and the chances of any of the good fortunes happening aren’t great. The only thing you can count on is that you can do the responsible thing now.
It’s hard to disrupt the industry that pays your bills. People are taught a way of doing things, and companies pride themselves on their systems and processes, all codified in lengthy and monolithic manuals. “Reputation” and “experience” allow certain businesses to charge insanely high fees or prices, even if their services or products are subpar and don’t fully satisfy their customers' needs.
I’m a Latinx immigrant who has called the United States home for more than 20 years. Even as a naturalized American citizen, being an immigrant will forever render me an outsider. But that has also been my greatest advantage.
I entered the art world only 12 years ago as an interloper. When I opened my art advisory and consulting company, I had been practicing law in a big New York firm for several years. I was miserable doing something I never enjoyed, and in 2009, after plotting an exit for a few months, I left to open my own business with no formal education, background or experience in the arts. Being outside of the industry's inner circle ended up propelling me to success, and here are three advantages I've found along the way:
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