Hi pal, This week I’m delighted to share this wonderful Twitter thread of newspaper clippings dating back to 1894; all referencing times throughout history where “no one wants to work.” As we slide into the season of slowing down, I hope you’ll allow yourself the joys of working less — or not at all. Your favorite finance friend,
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1. 😕 I’m Not Ready To Put My Savings Toward Real Estate. Where Else Can I Invest? (Paco for Refinery29) We're talking what to do when you're ready to invest beyond the usual 401k and Roth IRA, but aren't ready to buy a home just yet. What are your options for high-yield savings to maximize returns, with the ultimate goal of investing in real estate?
2. 🍲 What are restaurant service fees? It depends. (Vox) Service charges are making dining out more expensive, but that doesn’t mean your server sees that cash.
3. 🎥 My friend’s over at Courier Media have launched a newsletter! You can expect advice and silver linings amid macro uncertainty and economic chaos (Thrive by Courier).4. 🤓 A bookkeeping thing - What is job costing and why is it important for your production company. (HYG Original)
5. 🤑 The World’s a Mess. So They’ve Stopped Saving for Tomorrow. (New York Times) “Many adults under 35 are throwing financial caution to the wind. It’s all about saving less, spending more and pursuing passions.” 6. 🐹 How Much Would You Pay to Save Your Pet's Life? (The Atlantic) For $15,000, you can get your pet a new kidney. “Cats and dogs now have day cares; health insurance; funerals; even trusts, should an owner die an untimely death—a proliferation of services that implies new obligations to pet ownership, turning it into something more like parenthood.” 7. 🏨 ‘If You Can’t Exclude Someone, Do You Even Own It?’ New York City Landlords Radicalized During the Pandemic. (Curbed) “As of 2019, only 13 percent of units were rented out by a landlord with just one home in their portfolio. Even so, this fraction of the industry has become the face of an emerging political identity among property owners: the underdog landlord, a struggling, small-scale operator hobbled by the political status quo. They’re drowning in debt, in danger of losing their homes over missed payments or rent caps, and facing routine abuse from tenants and the scorn of the greater public.” 8. 👸 The Opulent World of the Estate-Sale Queen of Dallas. (The New Yorker) “Janelle Stone’s estate sales have a way of inspiring a frenzy. She used to post the address of an upcoming sale online a few days in advance, but things occasionally got out of hand. People camped out for four days to be first in line, or peered in the window as she attached price tags to fur coats and Hermès scarves. Once, a woman tried to crawl down a chimney to get early access. These days, Stone doesn’t announce the address until 6 A.M. on the day of the event. Nonetheless, people try to find whatever edge they can. Stone’s son and business partner, Wen, used to have EST8SL as a vanity plate, until he suspected someone of following him to discover the location of a sale.”
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