Before Ramsey’s call-in talk show, financial advice was mainly for people who were already wealthy. It assumed people with credit card debt who lived from paycheck to paycheck didn’t care about financial education. Ramsey began speaking to a handpicked group of people that traditional advice ignored. He regularly backed up his financial advice with Bible verses, erecting a clear fence around his target audience.

The rise of financial advice

Dave Ramsey's show encouraged people who'd been conditioned not to pursue wealth to now indulge in the fantasy of being rich. A perpetual brief is that a better life is within your grasp if you can manage your money right. Other budding financial experts dropped Ramsey's religious exclusivity, and a niche in personal finance emerged in the early 2000s.  Ramsey and his successors put the "personal" into finance so anyone could find success through a new set of rules, like paying your debt, starting a side hustle and making a budget.

Conditioned to pursue wealth

The budget culture is the damaging set of beliefs around money that rewards restriction and deprivation and promotes an unhealthy and fantastical ideal of financial success. Budget culture sees measures like credit scores and debt as signifiers of financial health and prescribes spending restrictions as the first step to getting rich. However, the problem is that budgeting doesn't work. Restriction and deprivation are unsustainable. Tracking spending is hard. Budgets don't account for the way lives work.

The budget culture

The emphasis of budget culture is on individual responsibility and insisting that you can ignore access and privilege in our world. It condemns and oppresses anyone who doesn't live up to the ideal. <ul><li>However, the system isn’t designed for upward mobility. Ramsey’s famous “Baby Steps” might start simple and practical but they quickly escalate into investing 15% of your income, paying off your mortgage early and building generational wealth.</li><li>The budget culture has one secret to getting rich quickly: Aggressive investing. However, the only sure way to make money is to have money.</li></ul>

The broader problem with budget culture

It needs:<ul><li>Getting comfortable not knowing the “right” answers.</li><li>Changing how you talk about money and how you use money.</li><li>Pay transparency — with your friends, communities and colleagues, and in job descriptions.</li><li>Seeing and acknowledging your privilege.</li><li>Rethinking how we compensate for all labour.</li><li>Framing <a href="https://annehelen.substack.com/p/paying-for-civilization">taxes as sharing privilege</a>, not impeding personal wealth.</li><li>Admitting net worth is an imaginary number.</li><li>Creatively supporting people with financial needs and protecting them from the tyranny of credit reports.</li><li>Reckoning with the fact that the dream of homeownership relies on hoarding stolen wealth.</li></ul>

Countering budget culture is a tall order

It's about your actions, responsibilities and mindset, yet no management method can fix rising housing costs with stagnant wages. Instead of questioning your mindset and willpower to fix your money, question what's happening around you. Do you feel comfortable and safe in your home, in your clothing, or using your devices? Do you feel empowered with choice? Can you care for loved ones? Having money can improve life, but that's not the point. Fighting budget culture means remaking the world in a way that lets everyone experience the ease of being "rich" regardless of the numbers.

Budget culture makes money all about you

How financial "experts" ruined our relationship with money

moneyandinvestments

Money & Investments

Budget Culture and the Dave Ramseyfication of Money

If there is inflation of 2% every year, that means that you need at least a 2% return on your capital to maintain your real purchasing power. If you get no return by leaving your money in an account with no interest, your money is becoming less valuable over time. So you need an investment strategy that, at the very least, keeps up with inflation.

The Need To Invest

The firm foundation theory: companies have an intrinsic value. They valued based on the net present value of their current and future cash flows. This is the theory Buffett and Munger have used to build Berkshire Hathaway.Castle in the sky theory: companies have psychological value. Their value is about how others perceive their value. This theory is purported by Keynes. It’s also exhibited by the many periods of “irrational exuberance” that we’ve been through in history.

The Two Investment Theories

The many financial bubbles (periods of irrational exuberance) demonstrate how asset bubbles continue to form throughout time.<ul><li>Blue chip company booms of the 1970s</li><li>1980s biotech craze</li><li>Japan in the 80s/90s</li><li>2000s dot com bubble</li></ul>There are new technologies, business opportunities, or unique valuation criteria that lead to positive feedback loops that drive stock prices through the roof. Then there’s a 50-90% crash.

Finances Bubbles

People in this camp believe that there are times to buy/sell stocks based on their price movements. This theory suggests that stock values are roughly 90% psychological, and 10% rational. These people are often traders, rather than long-term investors.Two important assumptions for this theory: all news is priced into stocks, and stocks move in trends.

Castle in the Sky Theory

Fundamentalists select stocks based on a firm foundation of estimated intrinsic value. This theory suggests that stock values are roughly 90% rational and 10% psychological.Stocks increase in value with four signals:<ul><li>Expected growth rate (P/E signal of this)</li><li>Expected dividend payout</li><li>Degree of risk</li><li>Level of market interest rates</li></ul>

Fundamental Analysis

<ul><li>Buy companies with average expected earnings growth for 5+ years</li><li>Never pay more than foundation of value</li><li>Look for good stories of growth</li></ul>The problem is that no one can reliably assess value. There are many factors for that, so the firm foundation theory does not work reliably. Technical and fundamental analysis don’t work, and all information is already priced into the market.

Efficient Market Hypothesis: The Rational Approach

The probability that a security will decrease in value. The greater the risk, the greater the variance. Risk is the variance in the standard deviation of returns.<ul><li>Beta is systematic or market risk – it measures how a stock moves with the overall market. </li><li>Unsystematic risk – risk associated with a particular company</li><li>Diversification cannot eliminate systemic risk, but it can reduce unsystematic risk.</li></ul>

Investing Risk

Diversification leads to good returns with lower risk. It works when you have assets that are not perfectly correlated. For example, foreign stocks are not perfectly correlated with domestic stocks, so adding them to your portfolio can lower risk while maintaining good returns. Assets have become increasingly correlated in recent years, but as long as they are not perfectly correlated, portfolio theory is still helpful.

Modern Portfolio Theory

Securities analysts have a heavy bias toward “buy ratings.” Something like 10:1, and it even got to 100:1 during the dot com bubble. <ul><li>Analysts work at banks that have corporate clients that would get pissed with a low rating. So incentives are aligned to favor buy ratings.</li><li>Markets can be irrational, but true value is always recognized. Market is a weighing, not a voting machine.</li><li>Investors are emotional – greedy, gambling, hope, fear – they’re not immune to this.</li></ul>

Incentives to Understand

The efficient market hypothesis is built on the idea that investors are rational. Rational investors are individuals who make decisions that maximize their wealth, but are constrained by their individual risk tolerance. Behavioral finance questions the idea of the rational investors, highlighting that there are at least four factors causing irrational investor behavior:<ul><li>Overconfidence</li><li>Biased Judgments</li><li>Herd Mentality</li><li>Loss Aversion</li></ul>

Behavioral Finance

Investors are overconfident about their beliefs/abilities and over optimistic about their assessments of the future. Investors also tend to overestimate their own skill and deny the role of chance in their outcomes. Most investors are too precise in their confidence intervals.Typically, investors attribute good outcomes to their own abilities (hindsight bias). They also attribute bad outcomes to external events.One manifestation of overconfidence is the consistent overvaluing of growth stocks.

Overconfidence

Investors have a number of mechanisms that cause them to assume a greater degree of control than they have in reality. Most investors fail to properly weight probability and use base rates.

Biased Judgments

There is nothing so disturbing to one’s well-being and judgment as to see a friend get rich. We all get lured into tales of people making money through investing and of the hot new stock that we need to invest in. This tendency to get swept up in speculative, get-rich-quick schemes is representative of how we get lost in herd mentality when making investment decisions.

Herd Mentality

Losses hurt more than the joy we receive from equivalent gains. The pain we feel with a $100 loss is about the same as the joy we get from a $250 gain. Loss aversion explains why so many investors sell the winners and hold on to the losers. Especially when we face a sure loss, we will hold on to losers for even longer.  Even if market participants are irrational, it doesn’t mean the market is not efficient. That’s highlighted by the difficulty of consistently finding arbitrage opportunities in the market.

Loss Aversion

What is hard to avoid is the alluring temptation to throw your money away on short, get-rich-quick speculative binges.<ul><li>Avoid herd behavior</li><li>Avoid overtrading</li><li>Sell losers, not the winners</li><li>Don’t buy into IPOs or trust “hot tips”</li></ul>Everyone wants to earn more with less effort. At times, there are “get-rich-quick” schemes or trends that are incredibly tempting, but the best we can do is avoid these dangerous traps. It’s easier said than done.

How to Avoid the Pitfalls of Investor Irrationality

The value of a stock is determined by 3 factors:<ol><li>Initial dividend yield</li><li>Growth rate of earnings</li><li>Changes in valuation in terms of P/E or price/dividend ratios</li></ol>The value of a bond is determined by 2 factors:<ol><li>Initial yield to maturity at time of purchase</li><li>Changes in interest rates (yields) if you don’t hold bond to maturity</li></ol>

How Stocks and Bonds Are Valued

<ul><li>History shows that risk and return are related</li><li>The risk of investing in stocks/bonds depends on the time you hold the assets. The longer the holding period, the lower the likely variance in asset returns.</li><li>Dollar cost averaging can be a useful, though controversial, technique to reduce risk.</li><li>Rebalancing can reduce risk, and in some circumstances, increase investment returns.</li><li>You must distinguish between your attitude toward and your capacity for risk. The risks you can afford to take depend on your total financial situation.</li></ul>

Asset Allocation Principles

<ul><li>Specific needs require dedicated specific assets. If you need $30,000 for a house downpayment in 2 years, you will need an investment vehicle that matches your need for that capital at that time.</li><li>Recognize risk tolerance. In general, your investments should never disturb your sleep. So invest up to your sleeping point – the point at which you can handle the day to day variance and still sleep just fine.</li><li>Persistent savings in regular amounts, no matter how small, pays off.</li></ul>

Tips To Live By

<ul><li>Cash (5%)</li><li>Bonds (15%)</li><li>Stocks (70%)</li><li>Real estate (10%)</li></ul>Invest in index-funds (low cost), and get international exposure. The US is only one third of the world economy, and other areas are growing quickly. If you hold bonds, make sure you do it in a tax-deferred retirement account.

Portfolio for Your Mid-Twenties

<ul><li>Confine stock purchases to companies that appear able to sustain above-average earnings growth for at least five years. Growth increases, earnings, dividends, and likely the multiple the market will pay for those earnings.</li><li>Never pay more for a stock than can reasonably justified by a firm foundation of value. No perfect measure, but look at how stock trades relative to market and growth potential. Avoid stocks with many years of high growth priced in.</li><li>It helps to buy stocks with the kinds of stories of anticipated growth on which investors can build castles in the air.  </li></ul>

Stock Picking Rules

The rule of 72 provides a shortcut way to determine how long it takes for money to double. Take the interest rate you earn and divide it into the number 72, and you get the number of years it will take to double your money. For example, if the interest rate is 15 percent, it takes a bit less than five years for your money to double (72 divided by 15 = 4.8 years)

The Rule Of 72

Over short holding periods, there is some evidence of momentum in the stock market. Increases in stock prices are slightly more likely to be followed by further increases than by price declines. For longer holding periods, reversion to the mean appears to be present. When large price increases have been experienced over a period of months or years, such increases are often followed by sharp reversals.

On Stock Market Trends

The core of every portfolio should consist of low-cost, tax-efficient, broad-based index funds.We cannot consistently beat the market or achieve outsized returns, so invest in low-cost, tax-efficient, broad-based index funds. Not only is it simple, but it’s likely to give you the best outcome as an individual investor.And because of the power of compound interest, we should begin this savings and investment program as early as possible.

The Best And Safest Investment

The longer the time period over which you can hold on to your investments, the greater should be the share of common stocks in your portfolio.If you have a multi-decade investment horizon, you should be heavily invested in stocks. While stocks are more volatile than other asset classes over short investment horizons, in the long run, you’re likely to get a good return.Avoid actively managed funds with high expense ratios and turnover. These funds are everywhere, and they consistently underperform index funds.

Portfolio Composition

A classic guide that blends history, economics, market theory, and behavioral finance to offer practical and actionable advice for investing and achieving financial freedom.

A Best Book For Investors Pick by the Wall Street Journal’s “Weekend Investor” Whether you’re considering your first 401k contribution, contemplating retirement, or anywhere in between, A Random Walk Down Wall Street is the best investment guide money can buy. In this new edition, Burton G. Malkiel shares authoritative insights spanning the full range of investment opportunities—including valuable new material on cryptocurrencies like bitcoin, and “tax-loss harvesting”—to help you chart a calm course through the turbulent waters of today’s financial markets.

books

Books

A Best Book For Investors Pick by the Wall Street Journal’s “Weekend Investor” Whether you’re considering your first 401k contribution, contemplating retirement, or anywhere in between, A Random Walk Down Wall Street is the best investment guide money can buy. In this new edition, Burton G. Malkiel shares authoritative insights spanning the full range of investment opportunities—including valuable new material on cryptocurrencies like bitcoin, and “tax-loss harvesting”—to help you chart a calm course through the turbulent waters of today’s financial markets.

Burton G. Malkiel

A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Twelfth Edition)

Cycling is vigorous exercise, and buckets of research have found a strong correlation between improved mental health and exercise. Granted, we don’t know for sure that it’s causal.
But it kind of stands to reason: Cycling gets your heart pumping, which improves blood- and oxygen flow to your brain and triggers your body’s self-regulation mechanisms. A sound mind in a sound body.

The Usual “Exercise Is Good for You” Science

There aren’t a ton of studies specifically probing whether cycling improves mental health. But there are a few suggestive findings: This study found <a href="https://www.semanticscholar.org/paper/Effects-of-active-commuting-on-health%E2%80%90related-of-Neumeier-Loidl/3022267af8b1d4a06c7b56a25d55c5dcbb76e0ec">people who cycled to work had better mental health</a>; another small one found cycling <a href="https://bpsmedicine.biomedcentral.com/articles/10.1186/1751-0759-7-18">reduced the presence of the stress hormone cortisol</a>; yet another discovered that cycling for half an hour improved performance <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3809627/">on mental tests (of memory, reasoning, and planning)</a>.

Cycling Improves Mental Health

Most people find that when they go for a walk, they absorb the street scene better than when they race by in a car. Obviously! But cycling is, for me, the perfect sensual midpoint between the two. You get the visual banquet of walking, but because you’re going faster you get a bigger, longer feast — miles and miles of busy streets, in technicolour close-up.

You See the World Vividly and Up Close

Exercise always feels nice, of course, whether it’s playing a game of pickup football or going for a run. But when you cycle for a practical purpose — i.e. for transportation, to get from point A to point B — there’s an additional thrill. It gives you a radical sense of self-reliance. Travelling such long distances entirely under your own steam, distances that easily rival the ones that typically require a car or a train has a Promethean quality. You feel like a minor demigod.After you’ve travelled a serious distance on a bike, it’s hard to feel down on yourself.

You Feel Like You’ve Got Superpowers

In New York, if you’re taking a car or the subway, you’re always slightly nervous that something will screw up and you’ll be late. I mean, maybe you’ll be lucky? But then when you least expect it, wham: You run into a thick knot of traffic or an implacably mysterious subway delay — and now you’re a ball of stress, sitting in your car fuming.With cycling, there is no traffic that can slow you down. Part of what makes cycling so appealing is that it is highly meritocratic. Effort = distance, in a completely linear fashion. This feeds the soul.

It Removes Stress and Uncertainty from Urban Travel

Cycling is clearly useful for lifting one’s mood if you’re otherwise healthy, and merely facing normal funks and malaise. If you’re living with clinical depression it’s a different problem altogether, requiring careful medical attention. Cycling’s wonderful, but it is not a substitute for treatment.

The Bottom Line

Today I stumbled upon this gentleman’s post on Tik Tok — where he describes how cycling has made him happier. I love this guy’s video, because it describes something I’ve often felt but had never…

health

Health

exerciseandfitness

Exercise & Fitness

mentalhealth

Mental Health

The Restorative Joy of Cycling

You will not eliminate all the bias at your company with a single effort or in a single year — and that should not be the goal. The goal should be to take small steps consistently. If you build evidence-based tweaks into your fundamental business systems, the organizational change you effect will be more resilient and long-lasting than a CEO-driven, conversation-based culture change.  The first step in removing bias is improving how you recruit and hire candidates.

Bias Is A Reality In Hiring

<ol><li>Upgrade your CV review process.</li><li>Commit to what’s important — and require accountability.</li><li>Rate independently, use a consistent rating scale, and discount outliers.</li><li>Ask questions about résumé gaps, instead of assuming the worst.</li><li>Provide all candidates with a handout detailing expectations.</li><li>Use structured interviews and ratings.</li><li>Rethink culture fit-It should not be a toll gate.</li><li>Ask performance-based questions and/or use work sample screenings.</li><li>Track what happens after the interview.</li></ol>

Suggestions For Interrupting Bias In Recruiting And Hiring

Understand yourself and those around you.

psychology

Psychology

career

Career

business

Business

humanresources

Human Resources

Bias, Interrupted: 9 Ways to Create a Fairer Hiring Process - ERE

If you think quitting your job to travel the world is all goodness, this post might have you thinking twice. If you travel in an unplanned fashion, not thinking much more than a few days or weeks ahead, you have a greater chance to enjoy all kind of Serendipitous experiences. Like me, you might even rediscover your fitness (I lost 40 pounds in 18 months of travel without Dieting or “working out ”).

Let’s set the record straight

It took me 8 months to completely Disconnect and "Unwind" from 14 years of intense work. I left behind a ton of money in stock when I quit (enough to pay cash for a luxury home anywhere in the country) I was finally at peace with my decision and able to actually enjoy my experience of unplanned travel. Don’t be rigid with your expectations for what you will do when you are done. Think and Journal regularly, and allow the right "next step".

You will freak out

In today’s world, the traveller is an Oddball. Most of the time you will need to make new friends or just enjoy doing things yourself. Use your independent adventures as a chance to Recharge, learn and enjoy a break from your normal routine. Enjoy the peace and quiet, and use your adventures as a chance to Recharge.

Everyone else will be busy

Unless you decide to plant yourself for 3–6 months in specific places, the chances of making lifelong friends is unlikely. I consider myself a very content person and am perfectly happy just being with myself. But at some point, you will crave connection to friends. Someone to share your adventures with. Someone to join you on trips and expeditions. Someone else to talk to aside from your partner or dogs!

Good friends will be hard to find

Do you consider relaxing on a beach without any work for weeks on end a dream lifestyle? it is. But the tiny things extended travel require also wear on you over time. Instead of traveling every few days, spend weeks (or months) at a time in each location to get to know the locals and Immerse yourself in the regional culture. If you are traveling for a long period of time, plan your day to ensure you have a chance to charge your electronics.

Travel will become a job

“Live, travel, adventure, bless, and don’t be sorry.”

Imagine walking into your office, meeting with your boss and telling him that you have had a good ride, but it’s time to go. You are leaving a perfectly good job on your own terms, as I did a few…

Don’t quit your job to travel the world

The key to making more money starts with a higher level understanding of wealth, and the two different ways we define income.<h2>Active Income: This is your full-time salaried or part-time hourly job. It also umbrellas side hustles like freelance work, Uber driving, Fiverr gigs, etc. It is the process of trading your time for money.</h2><h2></h2><h2>Passive Income: These are earnings that may not require as much hands-on work, including investing, real estate, e-commerce, royalties, etc. This allows you to have some financial flexibility outside of your 9–5.</h2>

Defining Income

Understand how to build up multiple revenue streams combining both active and passive income.A lot of people settle on their career salary, or sit on it for a decade before making a move. If your ambition is to be average, then that mindset is fine. But to be in the top tier of wealth, you need to start figuring out different ways to make money simultaneously.

The Secret To Financial Success

“If we command our wealth, we shall be free; if our wealth commands us, we are poor indeed”

Wealth is more than money. It is a series of learned strategies and behaviors.

Defining Wealth

I used to break down my money into two categories; salary and savings. The process was very simple. To make an income, I provided my time and skills in exchange for money. I would then keep a…

If You Want To Be Rich, Stop Focusing On Your Salary (Do This Instead)

None of us are immune to our own psychology when it comes to money. Any of us can make a bad decision about our finances if we don’t prepare in advance for what is to come.Here is what Tim’s story can teach you about the psychology of money and how to manage yours, so you don’t lose everything you’ve worked hard for (not financial advice).

The Psychology Of Money

Think about what it’s going to feel like when your investments take a hit. Preparing for major events like a recession can help you <a href="https://medium.com/mind-cafe/write-a-list-of-all-your-desired-future-experiences-c285f42e9b5a" target="_self">handle them in the future</a>. Looking at previous recessions can show you that <a href="https://www.forbes.com/sites/mikepatton/2020/03/30/how-stocks-performed-during-the-past-6-recessions/#52fa5790339d" target="_self">30%-50% drops are not uncommon.</a>How are you going to feel if that happens? What could you do to prepare so you don’t freak out and sell your investments at rock bottom prices?

Prepare Your Mind

Sometimes knowing lots about money can be a disadvantage. You can start to hypothesize and overthink the entire world of finance and do your head in, in the process. That’s what Tim describes it felt like recently.

Knowing How to Invest Can Be a Disadvantage

You can bet the market is going to go down because of something like a pandemic by shorting stocks (betting stocks will go down). During uncertain times, the situation can change rapidly.The markets can be extremely volatile and that can cause unexpected losses. Unless you are a professional trader and do it for a living, it’s often best not to play the game and keep your face and finances intact.

Betting on Whether It Will Go up or down Can Hurt

There are opportunities everywhere. There are endless chances to make money. Tim recommends going after the ones that exploit your core competencies and are the most appealing to you.He argues you can miss plenty of opportunities and only take advantage of a small few and net-net still do very well. “I try to keep that in mind and zoom out. Not look at this as an anomaly of a few weeks,” says Tim.

Opportunities

Zooming out is helpful. Your financial future is not built in a few months. That is short-term thinking that will make you go broke. You invest for the long-term and you earn money over the same time period. It’s okay to make a few mistakes as long as you don’t bet all your money on one thing and diversify your portfolio.This period in history is only a blip on a much bigger graph — remember that.

Zooming Out

You can act like a sucker when you think you’re smarter at investing than Warren Buffett. There are other ways to make money outside of investing.

Your Field Of Expertise

If you are in a hurry, then that is a sign of desperation. Does desperation sound like a good state of mind to invest your life savings? Probably not.<blockquote>If I feel rushed to make a decision…the likelihood of me making a bad decision is very high. And the cost of undoing that bad decision can be very high.</blockquote><blockquote></blockquote>It is “we” that hit the “execute trade” button to financial ruin. Slow down.

Rushed Decisions Are a Bad Sign

There is a cost to everything you do. Investing your money and worrying about it all the time has a psychological cost. It’s all fun and games until you play and it’s your own money. Then, stress takes away some of your brainpower that you can use to be creative.That is a huge cost that can stop you from profiting from the hard-earned skills you love deploying. It’s worth thinking about this trade-off before becoming obsessed with the markets and your ability to invest in them.

The Markets Hurt Psychologically, Not Just Financially

<ul><li>&nbsp;It’s okay to be afraid.</li><li>Make a decision and move on.</li><li>Nothing is too big to fail.</li><li>Don’t be afraid of doing nothing.</li><li>Remember why you first invested.</li></ul>

A Simple Guide to Money in These Uncertain Times

When you think of someone like Tim Ferriss, who has spent much of his life in Silicon Valley and is surrounded by intelligent investors, you would assume during a financial crisis that he’d be the…

Tim Ferriss Nearly Lost All His Money During These Uncertain Times

When you spend more than you earn and the total amount of money that you're spending turns out to be more than the amount that you're brining in causes a budget deficit.
For example, if you spend $100 per week but earn less than that every week, that's a budget deficit. In addition, should you continue this kind of excessice spending, you will likely end up in debt.
Budget deficits can happen in both small and large scales (individual - nations).

Defining Budget Deficits

The main cause of a budget deficit is: spending more than what you're making! However, when it comes to large scale-spending, like how the government spends, it can be difficult to track due to low taxes and high spending.

The Causes of a Budget Deficit

<ul><li>Tax cuts (these decrease revenue)</li><li>Low Gross Domestic Product (GDP - the money that's being made in the country; it means that we're not making enough money domestically)</li><li>Poorly-designed tax structures that under-tax high-earners and over-tax low-earners</li><li>Excessive spending on certain governmental programs</li><li>High amount of spending for subsidies to various industries</li></ul>

Causes of Governmental Budget Deficits

In order to reduce the budget deficits that's happening with the government, they can do the following:<ul><li>Increase the taxes, particularly on the wealthy, as advocated by a large group in order to increase federal revenue therefore offsetting the deficit.</li><li>Stimulate economic growth. It can be tricky because cutting taxes increases growth however we need to raise the taxed to maintain revenue.</li><li>Reduce spending on certain government programs. Some are advocating to reduce spending on social programs while others, military spending. </li></ul>

Reducing Budget Deficits with Governments

<ul><li>Keep tabs on how much money you earn each month. It's important to know how much you make so that you'll be able to plan out your expenses.</li><li>Make a checklist of your monthly expenses, down to the penny; and</li><li>Allocate budgets to spend for certain matters that match your income.</li></ul>

Guarding Against Budget Deficits

What Is a Budget Deficit? Deficit Causes & Solutions

Certain Cryptocurrencies allow you to earn a passive income; merely money that you earn without doing much to earn it. In this post, I will highlight 3 Cryptocurrencies that allow you to earn a passive income.

3 Cryptocurrencies To Earn You Money While You Sleep — Part 1

Neo uses a consensus mechanism called delegated Byzantine fault tolerance (Dbft) the holder of the Neo token can, by voting, pick the Bookkeeper it supports. The selected group of Bookkeepers, through the Bft algorithm, reach a consensus and generate new blocks. Neo acts like a share and by owning it, you own a part of the Blockchain. In order to earn gas,

Vechain Thor (Vechain’s pivot&amp; Re-branding) is a project that has been making waves in the space as of late. It is going to move beyond the supply chain, and into enterprise decentralized application (Dapp) solutions. There are some minimum requirements in order to become a Node. All vet holders (regardless if they are a Node) will passively earn Thor by holding vet in their Wallets.

VeChain Thor

Ark uses a consensus mechanism called delegated Proof-Of-Stake (Dpos) this mechanism requires coin holders to vote for delegates responsible for validating transactions and maintaining the Blockchain. It is quite similar to Dbft with the major difference that in Dpos only one delegate Verifies the block, whereas in Dbft, 2/3 of the Bookkeepers have to reach a consensus and generate new blocks.

There are numerous of ways to earn money in the cryptocurrency space, including, long-term investments, day-trading, arbitrage etc. A little known fact (especially for newcomers), is that certain…

Coders are regularly asked to jump through bizarre hoops in job interviews, and perhaps the most notorious example of this is that programmers are often asked to implement algorithms or complex coding structures in the artificial environment of a conference room whiteboard.&nbsp;Needless to say, that contrived requirement has started to engender a bit of deserved criticism.

A lot of tech recruiting and hiring is broken

So why do we even have whiteboard coding tests as part of job interviews for programmers?It turns out, the point of this entire exercise was to inspire a thoughtful conversation with a candidate about the way they solve problems. It is an idea that originated in the early 2000s. The whole area of tech recruiting was even more of a mess than it is today, and the idea of focusing on how a candidate solves real coding problems represented a huge leap forward in making interviews much more pragmatic and relevant.

Getting on board

Like a lot of cargo-cult tech trends, whiteboard algorithm sketching started to go horribly wrong when people started copying a behavior at a superficial level while ignoring the cultural and emotional context that informed that behavior. In short: people copied what was being done without knowing why they were doing it.When we mimic patterns from tech culture without knowing why we do them, we often take good ideas and turn them into terrible barriers.

How it all went wrong

Today’s computer programmers enjoy one of the best job markets that any group of workers has ever had. There are abundant well-paying opportunities for many different kinds of working coders. But…

Budget Culture and the Dave Ramseyfication of Money

A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Twelfth Edition)

The Restorative Joy of Cycling

Bias, Interrupted: 9 Ways to Create a Fairer Hiring Process - ERE

Don’t quit your job to travel the world

Thomas Gutierrez