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Hi friend,
I appreciate everyone who replied to the last Nerdletter and shared their thoughts and feelings about their shifting beliefs around labor. I particularly loved what one of our readers, Kate expressed and shared about how losing her job during such an uncertain time allowed her to consider what she wants her work life to look like. And how Amanda and Brite both know they want to work less but still have to figure out the details to make it a reality. I think we are on the precipice of understanding how the future of our work lives may change.
One technology that promises to reinvent our world and, therefore, our work is blockchain (the technology that enables cryptocurrency). I understand blockchain on its surface: a decentralized way of recording information that makes it difficult or impossible to change, hack or cheat the system but my failure in imagination makes it hard for me to know how blockchain will transform our world. To be fair, I also did not understand how the internet or the iPhone would change the world until I was living in it.
Many intelligent people seem to believe that blockchain technology will be as transformative as the creation of the internet. I feel as curious about blockchain as I once was about investing, which means it's something that I'm going to be dedicating a significant amount of time and energy trying to understand.
Of course, I'll link to anything worth sharing. If anyone has any resources they love, please hit reply and share them.
Your favorite finance friend,
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P.S. With the passing of Labor Day marking the unofficial end of summer here in the states, you can expect the Nerdletter to resume its regular, weekly publishing schedule next week.
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1. 📉Your Cash Is Losing It's Value. This Is What You Can Do About It (HYG Original by Paco) The same amount of burrito costs more year over year. But most experts will agree that a little bit of inflation is good for economic growth.
2. 💸 A Banking App Has Been Suddenly Closing Accounts, Sometimes Not Returning Customers’ Money (ProPublica)
3.💎 Diamonds, gold, luxury homes: Inside one L.A. family’s $18-million COVID-19 fraud (LA Times) “To me, the highest form of wealth is controlling your time.”
4. ♿️ The Man Who Filed More Than 180 Disability Lawsuits (NYT) Is it profiteering — or justice?5. 😎 The Pandemic Birthed a New Generation of Finance Bros (The Atlantic) “Robinhood traders have earned the most attention, but they’re only part of a larger story about class stagnation and distrust.”6. 🤵🏻♂️ What Old Money Looks like in America, and Who Pays for It (The New Yorker) “The lives and tastes of so-called old money—old, that is, in the American sense—are the subject of Ellison’s staged photographic tableaux and cheeky, deadpan still-lifes.”7. 👛 A Bookkeeping Thing: How Much Does It Cost Your Business to Earn Each Dollar? (HYG Original by Paco) Even if you’re a one-person freelance practice, understanding how much it costs you to earn each dollar in your company is a valuable shift in perspective that can help you build a sustainable, efficient business.8.🎧 Why Do We Work So Damn Much? (The Ezra Klein Show) A journey of a conversation about humanity’s relationship to work, what that means for the economy and the planet, what economists get wrong about scarcity, the lessons hunter-gatherer societies can teach us about desire, how the advent of farming radically altered people’s conceptions of work and time, whether there’s such a thing as human nature, the dangers of social and economic inequality, the role of advertising in shaping human desires, whether we should have a wealth tax and universal basic income, and much more.
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Stuck in a money rut, digging your way out of some (or a lot) of debt, or trying to buy your first home? Financial Healing with Joanne can help with 1-1, couple, or group coaching.
Are you obsessed with The Bachelor? Tune into Bachelornomics, the podcast where we recap every Bachelor Nation show to make personal finance your new guilty pleasure!
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Thanks for being part of the crew and reading this far. Peace. |
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