The Code That Controls Your Money
.The Code That Controls Your Money
By clive Thompson November 11, 2020
COBOL is a coding language older than Weird Al Yankovic. The people who know how to use it are often just as old. It underpins the entire financial system. And it can’t be removed. How a computer language controls the financial life of the world.
When Thomas first started programming, it was 1969. He was a kid just out of high school in Toronto, without any particular life goal. His father was a carpenter, but good luck following in his family’s footsteps; Thomas was all thumbs. “My father knew I couldn’t hammer two pieces of wood together,” he laughs.
So his mother suggested something weird and newfangled: What about… computer programming?
No Such Thing as Enough Money
.No Such Thing as Enough Money
Posted by Jacob Schroeder October 27, 2021
How much money is enough?
It’s a philosophical money question that often arises out of discontent. We see someone of substantial means, like a celebrity, live a troubled life. Or, we ourselves experience great fortune yet feel unhappy. It makes us wonder where the finish line is, the point when you can stop striving for more and settle into a life of satisfaction.
There are some great financial blogs that provide good answers, such as here and here. And then there are a variety of books that tackle this question in their own ways: Ego Is the Enemy, The Last Lecture, the Bible, to name a few. Another book that resonates with me, perhaps because of its instructive format, is How Will You Measure Your Life? by the late Clayton Christensen.
How The Money Game Changes With Time
.How The Money Game Changes With Time
October 13, 2021 Financial Independence 25
Money Game
One of the toughest things about investment banking is that the job changes all the time. The technical skills that make an amazing analyst or associate do not necessarily translate into the ability to quarterback a complex M&A or equity deal at the VP level.
At the same time, many VPs and directors who shine at process management and execution really struggle when it comes to origination, effectively capping out their career progression. Those who manage to navigate the transition end up rising all the way to the top. Say hello to the corner office, hefty bonuses, and cushy board seats once you get tired of the grind.
How Much You Need To Rank in the Top 10% of Manhattan’s Wealthiest Elite
.How Much You Need To Rank in the Top 10% of Manhattan’s Wealthiest Elite
Bob Haegele Mon, November 15, 2021,
Lavish apartments, fancy cars and dressed to the nines: Manhattan’s wealthiest elite seem to have it all. And yet, while the city’s mega-rich or ultra-high net worth individuals are worth billions, you don’t need all that to be in the city’s top 10%. New York has $3 trillion in total wealth. But in a city of nearly 9 million people that is home to almost one million millionaires, having $1 million already puts you close to the top 10%.
To add to that, dollars and cents aren’t everything. Yes, in purely monetary terms, hitting certain income or net worth thresholds is the only requirement to be in the top 10%. But without your health and a network of support, you won’t be able to enjoy your swimming pool of gold coins.
“We Are Here To Guide Public Opinion, Not To Discuss It.”
.“We Are Here To Guide Public Opinion, Not To Discuss It.”
Notes From the Field By Simon Black November 15, 2021
In the year 1804, only a few months before he proclaimed himself Emperor of France, 35-year old Napoleon Bonaparte stood before the State Council to discuss war with Great Britain. By then Napoleon had already become the most powerful person in France; he had led the Coup d’etat against the previous government in 1799, rigged the approval of the new French Constitution, and fixed his own election to become ‘First Consul’.
And as First Consul of France, Napoleon was essentially a dictator… and one who lusted for conflict.
Using an LLC for Estate Planning
.Using an LLC for Estate Planning
By Michelle Ullman Updated November 14, 2021
It can help you pass assets down to your heirs while avoiding taxes
Somewhere between a corporation and a partnership lies the limited liability company (LLC). This hybrid legal entity is beneficial for small-business owners and is also a powerful tool for estate planning.
If you want to transfer assets to your children, grandchildren, or other family members—but you are concerned about gift taxes or the burden of estate taxes your beneficiaries will owe upon your passing—an LLC can help you control and protect assets during your lifetime, keep assets in the family, and reduce taxes owed by you or your family members.
12 Realistic Ways to Make Your First $1 Million
.12 Realistic Ways to Make Your First $1 Million
Barbara Friedberg Sun, November 14, 2021,
At first glance, building a net worth of $1 million might seem unattainable, but it's more realistic than you think. In fact, you don't even need a winning lottery ticket or a trust fund to join this exclusive club.
Your annual income certainly plays a role, but the way you allocate your funds actually matters more than your salary. When properly planned, a solid work ethic, responsible spending habits and savvy investing can grow your fortune to $1 million -- and far beyond.
4 Ways To Protect Your Account From Bank Fraud
Bank Fraud Is On The Rise — Here Are 4 Ways To Protect Your Account
Korin Miller June 3, 2021
One of the scariest things about internet fraud is knowing that someone could hack your bank account if they happen to get a hold of certain personal information. It's only natural, then, to wonder about how to protect your bank account from fraud.
Bank account fraud happens, and it can mean the difference between you keeping your hard-earned money and seeing it vanish. Bank fraud attacks increased 159 percent over the past year, according to an analysis of 12 billion global transactions over the past year by risk management platform Feedzai, making this a very real risk.
Practicing Gratitude Can Lead To A Greater Appreciation For People And Experiences
.Life Can Be Hard. Practicing Gratitude Can Lead To A Greater Appreciation For People And Experiences.
Maureen Ruh Fri, November 12, 2021
What is gratitude? Is it an attitude, a feeling or an expression? How do you best describe gratitude and its effect in your life? Broken down to a very simple level, gratitude is really about a three-step process of noticing what is happening in our daily lives, focusing on the good things and appreciating our lives.
It is important every day to notice even the small things that we experience (like sunshine, a drink of water) that we may have been taking for granted. Focusing on the positive aspects of our daily lives despite many opportunities to think negatively is important.
22 Utterly Clueless And Borderline Offensive Things Rich People Have Actually Said
.22 Utterly Clueless And Borderline Offensive Things Rich People Have Actually Said That Rival "Let Them Eat Cake" Please Do Not Be Like These Rich People !!
Sat, November 6, 2021,
Recently, we asked the BuzzFeed Community to tell us the most clueless thing they've heard a rich person say or ask about money. Combined with some horror stories from rich bosses, we've rounded up some of the most out-of-touch comments rich people have made.
1."If you really care about helping elephants, you’d buy some and put them in a sanctuary." —sexyfart
TV Land
2."The owner of my former company said, when alerted to the fact that payroll had not gone through, that it was 'fine, because none of my employees are living paycheck to paycheck.' " —riggplustwo
Be Ready For Anything in 2022
.Be Ready For Anything in 2022
November 12, 2021 Information Briefing #171 by whitehatauxiliaries
This will be a very brief article, our last for 2021. First, let us take but a moment to review a few things. In past articles and discussions, we predicted that:
Joe Biden could beat Donald Trump in 2020. He did.
Cryptographic Blockchain technology would continue to expand and positively affect the value of key ideas which would attract institutional interest and their capital resources. This is happening now.