Howdy, Sometimes the hardest thing to do is nothing: to not spend; to not look at our investments; to subtract things instead of adding them. However, at times, doing nothing can be the thing we need to do the most. It’s easy to feel like there’s so much more we should be doing to improve our financial lives. Instead of piling more on, the next time you want to talk yourself into doing more, think about how you can do less. What have you subtracted lately? Don’t be shy, hit reply. Your favorite finance friend
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1. ❌ The Mistake People Make That Keeps Them In Debt (CNBC) I weighed in on how our subconscious habits can often present a problem when it comes to staying out of debt for good. 2. 👨💼 He was fired by Amazon 2 years ago. Now he's the force behind the company's 1st union (NPR) How Chris Smalls built a labor movement that led to Amazon workers' first union 3. 🏡 Black Lives Matter Secretly Bought a $6 Million House (Intelligencer) Allies and critics alike have questioned where the organization’s money has gone. 4. 📒 Get Organized With The Home Edit’s Rainbow-Hued Tyranny (Curbed) “You already have too much, so here are some more things for you to buy to contain it, and more things to buy to contain the first set of things you bought.” 5. 🤓 A Bookkeeping Thing: Fifteen Questions to Ask Your Potential New Accountant (HYG Original) 6. 👩🏫 What is causing inflation and how to fix it, explained to the extent possible (Vox) “It would be nice if there were one neat trick to solve inflation. There is not. The good news is, things will probably get better eventually. They just might get worse — and in turn cause a lot of pain — first.” 7. 🤷♀️ In a Starving World, Is Eating Well Unethical? (The New York Times) “To take another angle, the perhaps undesirable truth is that food should be expensive, or at least more expensive than it is, given the toll agriculture takes on the environment and the labor required for planting and harvesting. Typically, a third of restaurant revenue goes toward ingredients and another third toward paying workers what should be at least a living wage. There is also the question of the value of truly exceptional food, testament to the mastery or ingenuity of a chef — is that not worthy of reward?” 8. ✌ When Debts Become Unpayable, They Should Be Forgiven (Jacobin) “In Mesopotamia, an agrarian economy, most debts began to be owed to the palace or the temples. Obligations were paid throughout the year. In the third millennium Sumer, or second millennium Babylonia, if you go to a bar during the crop year, you’d run up a tab to the alehouse, and to the palace for advances of animals, water, or agricultural inputs, and everything was done by credit. The debts would all be paid on the threshing floor, in grain, and a unit of grain was equal to a unit of silver. But sometimes, you would have a crop failure, or war, or drought, and you couldn’t pay. And at that time, like in the laws of Hammurabi, you’d say, “If the storm god, Hadad, comes and ruins the crops, then the debts don’t have to be paid.” This is how society worked, basically, in the third, second, and even into the first millennium. When a new ruler took the throne, or when there were other reasons — a war was over, or there was any reason for a debt cancellation — you’d cancel the debts, you’d liberate the debt servants to go back to their families, you’d give them back the pledges that they’d made. Because what would happen if you hadn’t wiped out the debts? All of a sudden all these people that owed debts would become the servants of the person who they owed them to, a wealthy person.”
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