I am a great believer in self-employment, and think many more people should be self-employed than currently are. But I don't think everybody should be self-employed, for the simple reason that not everybody wants to be self-employed. But if work is to continue to be a part of our economic tapestry, then it needs to undergo some major restoration work. Is work primarily a … [Read more...] about Work is broken and we have to fix it – or else
It's become very fashionable in certain circles to prove your intellectual and critical thinking bona fides by changing your mind about ideas in the face of evidence or arguments to the contrary. In that spirit journalist David Leonhardt wrote this summer challenge in the New York Times, and I'm perfectly game. Now I just need some suggestions. There are some obvious … [Read more...] about What should I change my mind about?
Let me state right off the bat: I love alternative investments. Today there are a huge range of opportunities to invest outside of the public markets, and I've written about some of them in the past: Wunder Capital. You can buy unsecured notes from Wunder Capital that are paid back from repayments on solar panel installation loans. Rich Uncles. Rich Uncles is … [Read more...] about How can you be paid to take risks you don’t understand?
I've been catching up on some episodes of a podcast targeted towards financial independence enthusiasts called ChooseFI. The hosts make up for a fairly rudimentary understanding of money with a ton of enthusiasm, which makes it fairly enjoyable depending on the episode. In a recent episode they started talking about car ownership, and something clicked with … [Read more...] about Is your car a cost center or a profit center?
As you may have heard, US stocks are expensive. You may even think you know what that means. Personally, I have no idea. I buy organic milk. Organic milk costs more than milk from corn-fed antibiotic cows. In other words, it's "more expensive." I buy t-shirts made by union workers in downtown Los Angeles. They cost more than t-shirts made in … [Read more...] about What should stocks cost?