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Hi pal,
I’ve started to notice how growth and progress reveal vulnerabilities. For example, as my business grows, my processes are stress tested; any clunky procedures will feel like vulnerabilities. When I grow physically stronger, I begin to notice weaknesses in my mobility. Growing emotionally is often a direct result of choosing to practice vulnerability. And seeing social progress reminds me that there’s still so much work to be done.
But in the context of money, what does a growing income or net worth reveal? Is it, as the saying goes, ”More money, money problems,” or is it the same problems only magnified? Does money change people or reveal who they already are?
What do you think? Don’t be shy; hit reply.
Your favorite friend,
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1. 👨🏫 How to Deal with a Stock Market Downturn (HYG Original) Here’s everything you need to know about dealing with a possible stock market downturn and what you can do for yourself to prepare for your long-term goals. 2. 🤔 What People Really Make (and Spend) Behind Bars (NPR) 3. 🤷♂️ Why Does My Grandson Think I Should Pay Him for Missing Our Family Vacation? (The New York Times) 4. 👧 Should you let your kid become an influencer? (Vox) “Influencer” has become one of the most aspirational jobs for kids and adults. What now? 5. 🤓 A bookkeeping thing - Seven Mistakes Business Owners Make When Hiring a Remote Bookkeeper (HYG Original) A list of common mistakes we see small business owners make time and time again, along with our best advice on how to avoid them. 6. 💑 The Ballad of Heather Morgan and Ilya Lichtenstein, Bitcoin’s Bonnie and Clyde (Vanity Fair) Couples rarely commit crimes together. But Heather “Razzlekhan” Morgan and Ilya “Dutch” Lichtenstein, whose social media antics disguised an alleged plot to abscond with billions in stolen crypto, are no ordinary couple. 7. 🥩 Why Are Border Smugglers Trafficking Bologna? (Texas Monthly) “The enterprising meat merchants smuggling these massive, plastic-wrapped sausages—known colloquially as “chubs”—face fines of $1,000 or more if caught. The Department of Agriculture prohibits travelers from bringing most pork products into the U.S. because they can carry maladies such as foot-and-mouth disease and African swine fever. But the fines are chump change when weighed against the potential profits. In Mexico, a nine-pound roll of Chimex, the most popular brand of smuggled chubs, costs $10 to $15. In the U.S., the same roll can be sold for anywhere from $80 to $120—a huge markup for a basic lunch meat that Weird Al once wrote a spoof song about.” 8. 😭 ‘They couldn’t even scream any more. They were just sobbing’: the amateur investors ruined by the crypto crash (The Guardian) “Future generations may look back at this boom as a period of mania, when money multiplied like bacteria and a collective delusion gripped financial markets. It may seem unfathomable, but it shouldn’t. After all, who doesn’t want to be rich?”
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