Money
Personal finance, investing, economics, wealth. 72 links, newest first. Page 1 of 2.
Links 1 to 50
How Gambling Got Into Everything
Watch · youtube.com · 27 min · Issue #246
Asa Park traces how celebrities such as Drake, LeBron James and Rick Rubin have promoted gambling and prediction markets, with US gambling companies spending about $0.5 billion a year on such deals.
Summary
Asa Park traces how celebrities such as Drake, LeBron James and Rick Rubin have promoted gambling and prediction markets, with US gambling companies spending about $0.5 billion a year on such deals. He compares the approach to the tobacco playbook: borrow trusted faces, make gambling part of culture, manufacture uncertainty, blame individuals and fight regulation. He also argues that prediction markets are regulated as financial products without addiction warnings.
Key points- Five-step tobacco playbook: trusted faces, make it culture, manufacture uncertainty, blame individuals, fight regulation
- US sports betting rose from under $5B in 2017 to about $150B in 2024
- Prediction markets carry no addiction warning label, since they are regulated as financial products
Six Videos on How Money Actually Works
Watch · youtube.com · 178 min · Issue #245
Johnny Harris's video, presented as six videos in one, explains how money gets its value, starting with gold and collective belief.
Summary
Johnny Harris's video, presented as six videos in one, explains how money gets its value, starting with gold and collective belief. It compares how younger generations fare against their parents and grandparents, and covers rising grocery costs, the higher costs faced by people who are poor, and extreme wealth among billionaires.
The Atlas of Financial Literacy: How 25 Countries Think About Money
Read · boringmoneyguy.substack.com · 60 min · Issue #245
Dan of Boring Money Guy asked writers in 24 countries, plus himself for the UK, the same prompts about how people learn about money and handle it.
Summary
Dan of Boring Money Guy asked writers in 24 countries, plus himself for the UK, the same prompts about how people learn about money and handle it. Recurring themes include the shift to cashless payments and housing affordability pushing younger people toward investing. Dan's takeaway is that where someone is born strongly shapes their relationship with money.
Ray Dalio on the US Debt Cycle and Deficits
Read · raydalio.substack.com · 11 min · Issue #242
Ray Dalio argues that recent market events fit the 'Big Debt Cycle' pattern from his book How Countries Go Broke.
Summary
Ray Dalio argues that recent market events fit the 'Big Debt Cycle' pattern from his book How Countries Go Broke. He says the US takes in about $5.5 trillion and spends about $7.5 trillion, and that a debt-driven crisis is likely unless policy changes. His proposed '3% 3-part solution' combines spending cuts, tax increases and lower interest rates to bring the deficit to 3% of GDP.
Cities are for money and partners
Short · instagram.com · 1 min · Issue #238
Cities work like social clubs, and you pay the premium whether or not you use it
Summary
The creator argues cities are good for making money and finding a partner, and you should leave once you've done both.
The speaker summarizes a video with three takeaways. Cities are good for making money and finding a partner, so once you have done both, you can consider leaving. Living in a city means paying a premium for its social perks whether or not you use them. You have to use the city intentionally, or it will use you, for example by working hard just to afford another month there.
Key points- Cities work like social clubs, and you pay the premium whether or not you use it
- Use the city strategically and intentionally, or it will use you
- Many people work hard just to afford another month in the city
Liquidity is how easily assets become cash
Short · youtu.be · Issue #226
A bank account is highly liquid, a house is not, and brokerage accounts sit between
Summary
The speaker says liquidity is how easily an asset becomes cash, and even liquid assets can freeze in a crisis like 2008.
The speaker explains liquidity as how easily an asset can be turned into cash. A bank account is highly liquid, a house is not even though it may be most people's most valuable asset, and a brokerage account sits in between. During the 2008 financial crisis, many sellers and few buyers froze markets, but the most liquid assets usually stayed liquid.
Key points- A bank account is highly liquid, a house is not, and brokerage accounts sit between
- During 2008 sellers outnumbered buyers, so markets felt frozen
- The most liquid assets usually stay liquid, even in a deep freeze
What Being a Billionaire Really Looks Like
Watch · youtube.com · Issue #225
Johnny Harris's November 21, 2025 video examines how people with fortunes from $100 million to $100 billion spend and protect their wealth, and how these fortunes shape life through luxury real estate, superyachts and political and cultural influence.
Summary
Johnny Harris's November 21, 2025 video examines how people with fortunes from $100 million to $100 billion spend and protect their wealth, and how these fortunes shape life through luxury real estate, superyachts and political and cultural influence. Chapters move through the $100 million, $1 billion and $100 billion levels, and the description frames the video as '100 Million vs 100 Billion'.
Is This New York Skyscraper Cursed?
Watch · youtube.com · Issue #215
The B1M's July 2025 video examines 432 Park Avenue, a Manhattan skyscraper on Billionaires' Row that the description calls possibly America's most controversial skyscraper because of lawsuits around it.
Summary
The B1M's July 2025 video examines 432 Park Avenue, a Manhattan skyscraper on Billionaires' Row that the description calls possibly America's most controversial skyscraper because of lawsuits around it. It covers the building's construction, its launch as a condominium, and the first and latest lawsuits. The video asks whether the building has been a success. The tags name developer Harry Macklowe and architect Rafael Viñoly.
Split your take-home pay into buckets
Short · tiktok.com · Issue #214
Core needs such as rent, groceries and utilities get about 60% of take-home pay
Summary
Split your take-home pay into core needs, choice spending and what remains, starting from a money map of four numbers.
The speaker, who says they reached financial freedom in their 20s, suggests a money map built on four numbers. Take-home pay is the starting capital, core needs such as rent, groceries and utilities should take about 60 percent, and choice spending such as streaming subscriptions about 20 percent. At least 20 percent should go to compound savings such as investments, an emergency fund and education.
Key points- Core needs such as rent, groceries and utilities get about 60% of take-home pay
- Choice buckets such as streaming services get about 20%
- Start by identifying your capital, which is your take-home pay
How Labubu Catapulted China's Pop Mart to $1.8B in Revenue
Watch · youtube.com · Issue #209
A Wall Street Journal explainer from its 'The Economics Of' series, published June 18, 2025, examines how Pop Mart grew through Labubu, a blind-box collectible.
Summary
A Wall Street Journal explainer from its 'The Economics Of' series, published June 18, 2025, examines how Pop Mart grew through Labubu, a blind-box collectible. The video says blind boxes drive most of the company's revenue, and social media unboxings and overseas fans fuel demand. Chapters cover retail success, IP strategy and expansion beyond blind boxes. It asks whether the trend can become lasting brand value.
The Emotional Cost We All Forget to Account For
Read · theunsubscribed.co · 7 min · Issue #209
In issue 14 of Justin Welsh's newsletter, The Unsubscribed, the writer argues that people weigh the financial cost of decisions like where to live or what job to take, but rarely count the emotional cost.
Summary
In issue 14 of Justin Welsh's newsletter, The Unsubscribed, the writer argues that people weigh the financial cost of decisions like where to live or what job to take, but rarely count the emotional cost. They recount moving to Nashville for affordability and then finding it draining. After moving somewhere they love, their expenses rose about 40%, which they consider worth it.
Investing terms build in a logical order
Short · tiktok.com · Issue #207
Capital is anything of value, such as cash, cars or houses
Summary
Investing terms make sense in order: capital, then stock, then the IPO and the market where stock trades.
A speaker with 15 years in finance explains investing terms in order. Capital is anything of value, and a stock is a small piece of a company that shares its profits and losses. A company sells shares in an IPO to raise cash, and shares then trade between investors. Market capitalization is shares outstanding times price, and an index such as the S&P 500 tracks a group of stocks.
Key points- Capital is anything of value, such as cash, cars or houses
- A stock is a small piece of a company, sharing its profits or losses
- An IPO gives ownership to the public and is the only time the company gets cash
Self-Improvement as Neoliberal Ideology (Part 1)
Watch · youtube.com · Issue #202
Anna Bocca's video argues that the drive for self-improvement, hustle culture, and self-help podcasts are products of neoliberalism, a market-fundamentalist ideology.
Summary
Anna Bocca's video argues that the drive for self-improvement, hustle culture, and self-help podcasts are products of neoliberalism, a market-fundamentalist ideology. She contends that this mindset helps billionaires build empires while everyone else competes just to keep up. Thatcher, Reagan, and Milton Friedman feature, along with wealth inequality and self-commodification. It is part 1 of a series.
Where the money from debt ends up
Short · tiktok.com · Issue #202
A short TikTok asking where the money from debt ends up.
Summary
A short TikTok asking where the money from debt ends up.
Homeowners would sell at the right offer
Short · tiktok.com · Issue #202
In audiences, about four or five hands say their house is on the market
Summary
Many homeowners would sell for an attractive offer, so making every home technically available could free up housing.
The speaker reports an informal poll in audiences over 45 in Canada, Ireland and the UK. Four or five people typically said their home was on the market, while about four times as many said they would move for an attractive unsolicited offer. Arguing that this 4 to 1 ratio reveals hidden supply, the speaker proposes that all homes accept offers, as businesses and rare-collectible sellers already do.
Key points- In audiences, about four or five hands say their house is on the market
- About four times as many say they would move for an attractive offer
- The speaker proposes a system where people can submit offers on any home
What If All Ads Were Illegal?
Read · simone.org · 21 min · Issue #201
Simone Salis's essay argues for abolishing all paid and third-party advertising.
Summary
Simone Salis's essay argues for abolishing all paid and third-party advertising. The author says ads manipulate without informing, and that propaganda is advertising for the state while advertising is propaganda for private interests. The essay names Instagram, TikTok, Facebook, X, Google, and YouTube as platforms that would lose their economic base. It presents the ban as a thought experiment rather than a near-term proposal.
Let silence sit in salary talks
Short · tiktok.com · Issue #200
After an offer, the speaker stayed quiet until the recruiter spoke again
Summary
In salary talks, let silence sit and ask how the number was built rather than asking for more straight away.
A speaker recounts negotiating a salary at Twitch. After an initial offer, they stayed silent, then asked how the number was reached and learned the company used pay bands. Asking what it would take to go above the band showed that exceptions need a sponsor who writes a memo. The speaker concludes that bands can be negotiated and that bonuses, equity and severance offer more room than base pay.
Key points- After an offer, the speaker stayed quiet until the recruiter spoke again
- Asking how the number is reached opens up a different conversation
- Asked for an explanation, the recruiter revealed the salary range, or band
How to Identify Quality in Clothing (A Rant)
Watch · youtube.com · Issue #199
Bernadette Banner's video explains how to judge clothing quality through construction signs, material content, and price versus brand.
Summary
Bernadette Banner's video explains how to judge clothing quality through construction signs, material content, and price versus brand. It includes a roast of Shein garments compared with a quality jacket, and a section on sustainability and greenwashing. The video was published February 8, 2025, on her channel.
Skip lagging saves money, with some risks
Short · tiktok.com · Issue #199
Example: a London to New York route is pricey, so you book London to Chicago via New York
Summary
Skip lagging means getting off at a layover city on a cheaper multi-stop route, which can save money but has risks.
The speaker explains skiplagging, where a passenger books a flight with a connection and gets off at the connecting city instead of flying the last leg. In a London to New York example, a London to Chicago route via New York can cost less than the direct flight, though not always. Airlines dislike it because a seat goes unused, and repeated use can get a passenger banned.
Key points- Example: a London to New York route is pricey, so you book London to Chicago via New York
- Savings are not guaranteed, the speaker notes
- Airlines dislike it and it can get you blacklisted
Buy only what you could afford twice
Short · tiktok.com · Issue #196
The rule is credited to Grant Cardone, according to the speaker
Summary
Do not buy something unless you could afford it twice and passive income could cover it, per the speaker.
The speaker shares a spending rule he attributes to Grant Cardone. If you cannot buy something you have always wanted twice, and cannot pay for it from passive income, meaning the returns your money earns, you should not buy it. He presents the rule as a sign that you are not yet in a position to afford the purchase.
Key points- The rule is credited to Grant Cardone, according to the speaker
- Ask whether you could buy the thing you want twice
Die With Zero: Ten Lessons on Money and Time
Read · untetheredmind.co · 58 min · Issue #194
Alex Mathers' Untethered Mind post summarizes Bill Perkins' book Die With Zero, which argues against hoarding wealth for a distant future.
Summary
Alex Mathers' Untethered Mind post summarizes Bill Perkins' book Die With Zero, which argues against hoarding wealth for a distant future. Its ten ideas include spending on experiences earlier in life, treating time as scarcer than money, and working out your "enough" number. Mathers also recommends taking bold risks while young and investing in health early.
Physicists, not traders, often beat markets
Short · tiktok.com · Issue #193
Jim Simons' Medallion Fund reportedly returned 66% a year for 30 years
Summary
Physicists and mathematicians, not veteran traders, were among the best at beating the stock market.
The video traces how mathematics and physics shaped derivatives and quantitative investing. It describes Jim Simons, a mathematician whose Medallion fund, set up in 1988, is said to have returned about 66 percent a year. It also covers Louis Bachelier, an early modeler of markets, and Thales of Miletus, credited with the first known call option.
Key points- Jim Simons' Medallion Fund reportedly returned 66% a year for 30 years
- The speaker says $100 invested in 1988 would be worth $8.4 billion today
- Louis Bachelier pioneered using math to model financial markets
Five useful subreddits, from purchases to finance
Short · tiktok.com · Issue #192
Buy for life helps check whether a purchase will break soon
Summary
The speaker's five most useful subreddits range from checking purchase quality to reaching financial independence.
The speaker, who says he reached financial freedom in his twenties, lists five subreddits he finds useful. r/BuyItForLife helps check whether a product will last before a big purchase, r/Supplements covers vitamins for physical and mental health, and r/explainlikeimfive breaks down complex topics. He also recommends r/lifehacks for efficient techniques and r/financialindependence, which he credits with starting his own path.
Key points- Buy for life helps check whether a purchase will break soon
- Explain Like I'm 5 breaks complex questions down simply
- The financial independence subreddit helped the speaker reach financial freedom
Via Negativa
Read · wealest.com · 8 min · Issue #188
Thomas Waschenfelder's article on via negativa, the idea that improvement can come from subtraction, by studying and avoiding what hurts.
Summary
Thomas Waschenfelder's article on via negativa, the idea that improvement can come from subtraction, by studying and avoiding what hurts. He traces the term from theology to Nassim Nicholas Taleb's decision-making version and cites Charlie Munger's inversion and Warren Buffett's focus on not losing money. He argues negative knowledge is more reliable and that loss aversion makes avoidance valuable.
Everything You've Missed on the Economy
Watch · youtube.com · Issue #186
Gary Stevenson's Garys Economics video gives an update on the economy over the past six months and looks ahead to 2025.
Summary
Gary Stevenson's Garys Economics video gives an update on the economy over the past six months and looks ahead to 2025. The creator is supported through optional Patreon membership.
Engineers to lawyers ratio linked to growth
Short · tiktok.com · Issue #186
The paper compared how many engineers and lawyers each country had
Summary
A famous 1980s economics paper linked countries' engineer-to-lawyer ratios with their economic growth.
The speaker describes a well-known 1980s economics paper that asked why some countries grow and others do not. It compared the ratio of engineers to lawyers in each country, and the conclusion he cites is that more engineers goes with more growth, while more lawyers goes with less growth.
Key points- The paper compared how many engineers and lawyers each country had
- More engineers per country was linked to more growth, the speaker says
- More lawyers per country was linked to less growth
The Secret History of the Vatican's Wealth
Watch · youtube.com · Issue #176
FINAiUS, a channel where the creator researches, writes and produces documentaries alone, presents a film on the Vatican Bank, known as the IOR.
Summary
FINAiUS, a channel where the creator researches, writes and produces documentaries alone, presents a film on the Vatican Bank, known as the IOR. The video describes a web of hidden secrets, unexpected alliances and intriguing mysteries around the Church's finances. The description names God's Banker and The House of Rothschild as sources for the film. The video is free to watch, with optional Patreon support.
Ignore small expenses, raise investing by 1 percent
Short · tiktok.com · Issue #173
Start by investing 5 to 10% of net income, the speaker recommends
Summary
Skip agonizing over small expenses; one yearly rule to raise your investment rate by 1% is worth far more.
The speaker argues that small expenses like coffee matter less than a few big financial decisions. They suggest couples talk about their savings and investment rates, starting at 5 to 10% of net income. Their rule is to raise the investment rate by 1% every December, which the speaker says could be worth hundreds of thousands of dollars.
Key points- Start by investing 5 to 10% of net income, the speaker recommends
- Raise that rate by 1% every December, and it adds up to hundreds of thousands
- Most people who stop buying coffee don't know where the saved money went
How I Automate My Finances
Watch · youtube.com · Issue #171
Thomas Frank explains how and why he automates his finances, including bill payments and investments.
Summary
Thomas Frank explains how and why he automates his finances, including bill payments and investments. The description links a written version of the video, a free financial planning spreadsheet and free Notion templates. It also lists paid courses and the book Your Money: The Missing Manual.
Memorable moments keep paying returns
Short · tiktok.com · Issue #171
Bill Perkins' book Die With Zero argues beautiful moments return value when recalled
Summary
Memorable moments keep paying returns in memory, so the truly wealthy finish life with abundant memories.
The speaker recommends the book Die With Zero by Bill Perkins. The book argues that creating memorable moments pays off each time you recall them, so the more memorable experiences you have, the wealthier you become. The speaker describes the truly wealthy as having an abundant source of memories that keep paying dividends.
Key points- Bill Perkins' book Die With Zero argues beautiful moments return value when recalled
- The more memorable moments you create, the wealthier you become by life's end
- The speaker says the truly wealthy have memories that keep paying dividends
ShowLoan: Free Mortgage Overpayment Calculator
Tool · showloan.info · Issue #171
ShowLoan.info is a free online loan calculator that estimates monthly payments and full repayment schedules.
Summary
ShowLoan.info is a free online loan calculator that estimates monthly payments and full repayment schedules. Users enter the remaining balance, interest rate and number of payments, and the tool shows how overpayments could reduce interest. A separate page compares overpaying a loan with investing the money. The example uses a $450,000 loan over 30 years, with total interest of about $738,700.
Private equity deal preceded Red Lobster bankruptcy
Short · tiktok.com · Issue #169
Golden Gate Capital bought Red Lobster in 2014 for $2.1 billion through a leveraged buyout
Summary
Private equity bought Red Lobster with debt, sold its land and leased it back, and the chain later went bankrupt.
The speaker describes how Golden Gate Capital bought Red Lobster in 2014 for $2.1 billion using a leveraged buyout, which put the debt on the company. Red Lobster then sold nearly all its land for $1.5 billion and leased it back, paying rent that rose 2% a year. Ownership later shifted to Thai Union, and the company posted a $76 million loss in 2023 before filing for bankruptcy.
Key points- Golden Gate Capital bought Red Lobster in 2014 for $2.1 billion through a leveraged buyout
- Red Lobster sold most of its land for $1.5 billion, then paid rent rising 2% yearly
- The chain posted a $76 million loss in 2023, then filed for bankruptcy
How Expensive Is Traveling Japan? Two Weeks on $1,000
Watch · youtube.com · Issue #168
Abroad in Japan argues that Japan, once famed for being very expensive, is now affordable for travelers.
Summary
Abroad in Japan argues that Japan, once famed for being very expensive, is now affordable for travelers. The 30-minute video works out a two-week budget of about $1,000, covering budget accommodation, whether the JR Rail Pass is worth buying, cheap transport, low-cost dining and attractions that cost 500 yen or less. It ends with a 14-day cost breakdown.
Lessons from Singapore on Homeownership
Read · 3quarksdaily.com · 14 min · Issue #167
Eric Feigenbaum argues that widespread homeownership builds security, wealth and social stability, and presents Singapore as a model.
Summary
Eric Feigenbaum argues that widespread homeownership builds security, wealth and social stability, and presents Singapore as a model. Homeownership there rose from about 27 percent at independence in 1965 to about 90 percent by the 1990s, through public housing built by the Housing and Development Board, financing for all income levels, and letting buyers use mandatory Central Provident Fund savings for down payments.
You are paid for value, not time
Short · tiktok.com · Issue #166
Develop an above-average smile, excitement, interest in people and intensity to win
Summary
You are paid for value, not time, so become more valuable by working on yourself before your job.
The speaker says the first lesson of economics is that people are paid for the value they bring, not for their time. Working on yourself, such as developing a better handshake, smile, interest in others, and drive to win, can raise that value. Recounting a mentor's advice, the speaker concludes that the only way things get better is by getting better yourself.
Key points- Develop an above-average smile, excitement, interest in people and intensity to win
- A mentor told the speaker to work harder on himself than on his job
- The speaker says things get better for you only when you get better
Giving everyone money makes people relatively poorer
Short · youtube.com · Issue #165
Money is not food, housing or healthcare, so more of it only raises prices
Summary
The speaker argues that giving everyone money adds no resources, so it raises prices and leaves people relatively poorer.
The speaker argues that giving everyone money does not make a society richer, because it adds no food, energy, housing, or healthcare. Handing out cash mostly pushes prices up, while resources and assets are what make a society richer. The speaker says a government benefited from blaming the Ukraine war for inflation, which they attribute to rising inequality.
Key points- Money is not food, housing or healthcare, so more of it only raises prices
- Says a bit more money for you and a lot for another leaves you poorer relatively
- Blames inflation on massive increases in inequality, not the Ukraine war
The very rich earn mainly from business interest
Short · tiktok.com · Issue #158
A 10K net worth is mostly personal belongings, per the chart
Summary
Wealth groups show that the very rich get their money mainly from business interest, not from investing.
The speaker shows a chart of asset mixes by wealth group. For people with around 10,000 in net worth, most is personal belongings. In the 100,000 and early-millionaire groups, most comes from home equity and retirement. For the ten-million, hundred-million, and billionaire groups, business interest dominates, with small retirement holdings and less real estate. The speaker concludes that reaching the top usually requires building a valuable business.
Key points- A 10K net worth is mostly personal belongings, per the chart
- The 100K to early millionaire groups hold mostly home equity and retirement savings
- Ten million and up groups have small retirements and most wealth from business interest
A formula to estimate expected savings
Short · tiktok.com · Issue #157
Fidelity guidelines suggest about 1x income at age 30 and 3x at 39
Summary
A wealth formula estimates your expected savings: age times income, divided by 10 plus the years left until 40.
The speaker cites Fidelity guidelines of savings equal to one times income at age 30 and three times at 39. They describe the Millionaire Next Door formula: multiply your age by your income, then divide by 10 plus the years until age 40. Doubling the result sets the target for a prodigious wealth accumulator.
Key points- Fidelity guidelines suggest about 1x income at age 30 and 3x at 39
- At age 31, the denominator is 19: 10 plus nine years until 40
- For prodigious wealth accumulation, the speaker says to multiply the result by two
How a Former City Trader Made Millions and Left the Job
Watch · youtube.com · Issue #154
Former City of London trader Gary Stevenson tells his life story, from leaving school at 16 to winning a trading job through a card game he says was rigged against him.
Summary
Former City of London trader Gary Stevenson tells his life story, from leaving school at 16 to winning a trading job through a card game he says was rigged against him. He covers large wins and losses, including a roughly $35 million bet on an economic downturn, and explains why he left a $2 million job to speak about economic inequality.
Companies keep prices high as inflation falls
Short · tiktok.com · Issue #154
Pepsi cited higher costs in 2021 while reporting $11 billion in profit
Summary
The speaker argues corporations keep prices high even as inflation falls, pointing to Pepsi and Coca-Cola price rises.
Robert Reich argues that inflation can fall while prices stay high, because large companies have monopoly power. He cites PepsiCo and Coca-Cola keeping prices up despite lower cost pressure, and four firms controlling most meat processing. He points to Biden administration antitrust actions, including a suit against Amazon and a blocked JetBlue and Spirit merger, and urges viewers to pressure the government.
Key points- Pepsi cited higher costs in 2021 while reporting $11 billion in profit
- In 2023 Pepsi's finance chief said prices would stay high as inflation dropped
- Coca-Cola announced similar hikes, so rival pricing shows no real competition
Real passive income is slow to build
Short · tiktok.com · Issue #154
He says 97% of passive income offers are scams and 3% are real
Summary
Real passive income is slow: you build a business on the side while keeping a job you can stand.
Gary Vaynerchuk answers a question about passive income by arguing that most offers sold under that name are scams. He says the only real sources are public markets you can leave alone and real estate. His advice is to keep a job that pays the bills, spend nights building an online business that costs almost nothing to start, and move to it over seven years.
Key points- He says 97% of passive income offers are scams and 3% are real
- Put only money you can afford to lose into public markets or real estate
- Build something online at night for about seven years, then move to your own business
Saved phone money grows in index funds
Short · tiktok.com · Issue #153
Says the iPhone spending invested in Apple stock would be about $3 million now
Summary
Money saved on phones and invested in index funds would compound into large sums, because time is the key ingredient.
The speaker jokes about spending on iPhones and argues that saving about 300 dollars a month into low-cost index funds from age 26 can grow to millions over decades. Citing a return of about 11 percent a year for the stock market, the speaker says investments can multiply eightfold every 21 years, and that automatic saving matters most.
Key points- Says the iPhone spending invested in Apple stock would be about $3 million now
- Argues people cannot calibrate time, so long horizons make compounding powerful
- Suggests $300 a month in low-cost index funds could reach millions in 30 years
Gleevery
Tool · gleevery.com · Issue #142
Gleevery is a Polish service for renting electronics, small appliances, sports gear and office equipment instead of buying.
Summary
Gleevery is a Polish service for renting electronics, small appliances, sports gear and office equipment instead of buying. Rentals run 3 to 14 days or 1 to 24 months for a monthly fee, and some items need no deposit. Its GleeverySafe program covers 80% of repair costs in Poland, excluding intentional damage, loss and liquid damage other than water.
How to Stop Wanting to Buy Stuff
Watch · youtube.com · Issue #125
A 7-minute frugal living video from Nicholas Garofola, published September 2023, on resisting the constant urge to buy more things, which he calls one of the harder parts of minimalism.
Summary
A 7-minute frugal living video from Nicholas Garofola, published September 2023, on resisting the constant urge to buy more things, which he calls one of the harder parts of minimalism. Garofola makes videos about minimalism, frugal living and tech. The description links to his Amazon shops and to Artlist, a music service he uses.
Small owner took a rival's board via proxies
Short · tiktok.com · Issue #124
Took 15% of shares when the larger company bought him out in shares, not cash
Summary
A smaller company owner gained control of a larger rival's board by buying shares and gathering proxy votes.
The speaker tells the story of a mid-size brewery owner in a pricing fight with a much larger competitor. He asks to be bought out in shares rather than cash, then gathers proxy votes from other shareholders until he can elect board members, and eventually a majority. He then removes the president and begins share repurchases and management changes.
Key points- Took 15% of shares when the larger company bought him out in shares, not cash
- Gathered 10% more votes from other shareholders and elected two of seven directors
- At about 35% of votes he elected four directors and took control of the board
A polite pay-gap email is worth copying
Short · tiktok.com · Issue #121
Colleagues with the same title were paid 7 to 12% more after comparing accounts
Summary
A polite pay-gap email asking for a review is a model, and the speaker criticises the company's dismissive response.
The clip shows a polite email from an employee who learned they were paid 7 to 12% less than colleagues with the same title and tenure. The email asks for a meeting with the boss and HR to discuss the gap. Commentary in the clip notes that the staff handbook discourages talking about pay at this company.
Key points- Colleagues with the same title were paid 7 to 12% more after comparing accounts
- The email asked for a meeting with the boss and HR, with no back pay demanded
- The speaker says the response should have admitted a mistake and fixed it
How to Respond When a Client Says Your Price Is Too High
Watch · youtube.com · 13 min · Issue #116
A role play from The Futur channel with Chris Do and Mo Ismail, in which a vendor quotes $1,000 for a video and the client objects.
Summary
A role play from The Futur channel with Chris Do and Mo Ismail, in which a vendor quotes $1,000 for a video and the client objects. Chris Do's minimum engagement for this kind of work is $4,000, and the video shows how he handles the gap in price. The description links to articles on negotiating with clients and on getting more clients.
Germany: The Dark Secrets of the Super Rich
Watch · youtube.com · 27 min · Issue #113
A 28-minute fern video from August 2023 on where the wealth of three German dynasties came from: the Oetkers, the von Fincks and the Quandts.
Summary
A 28-minute fern video from August 2023 on where the wealth of three German dynasties came from: the Oetkers, the von Fincks and the Quandts. The video says these families have dark secrets in their histories, and credits research by David de Jong. It includes a sponsored segment for a data removal service.
Ask five questions before buying anything
Short · tiktok.com · Issue #113
Count storage, cleaning and upkeep as costs beyond the price tag
Summary
Ask five questions before buying anything, starting with whether you can afford it without a credit card.
The Minimalists propose five questions before a purchase: can you afford to part with the money without a credit card, can you pay the true cost including storage and upkeep, will it add value or get in the way of a hobby, what are the alternatives such as renting or borrowing, and can you get by without it for a while. They also suggest waiting before buying anything over $30.
Key points- Count storage, cleaning and upkeep as costs beyond the price tag
- Ask whether the item adds value, or could be rented, borrowed or skipped
- Use the 30/30 rule: wait 30 hours before buying anything over $30
Why Poland Is Quietly Becoming Europe's Next Superpower
Watch · youtube.com · 11 min · Issue #111
An Explained with Dom video from August 2023 analyzes Poland's transformation over the past three decades.
Summary
An Explained with Dom video from August 2023 analyzes Poland's transformation over the past three decades. Its sections cover the Polish economic miracle, the country's military strength and the question of how real that miracle is.