Why is spend-down philanthropy increasingly popular?
Why is spend-down philanthropy increasingly popular? Before we answer the question, let’s define our terms. There are two basic types of charitable organizations and philanthropic concerns. One type is an open-ended, perpetually funded (or perpetually in need of funding) organization. The other is a type of foundation or organization that has funding but must spend it and accomplish their work within...
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Do you need to tip a house painter?
When it is time to repaint, is it good etiquette to tip a house painter? Some people are more prone to tip, while others feel the base price should suffice for the work. Which is correct? A lot depends on the context of the work being done. Are you hiring on behalf of your boss? Or are you in need of a contractor or painting professional for your own home?
For many service workers, a tip can do wonders...
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Reasons Why Labor Creates Wealth
Many have studied the reasons why labor creates wealth. There are many economic theories–some in vogue, some not–that address this issue.
Karl Marx And The Value Of Labor
Karl Marx and other economic theorists including Adam Smith and David Ricardo believed in something known as the labor theory of value, which Investopedia describes as the notion that “the value of a commodity...
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The Benefits of NOT Having a Smartphone
What are the benefits of not having a Smartphone? According to a 2015 article posted by the Pew Research Center, as of 2015 some 64% of American adults “owned a smartphone of some kind, up from 35% in the spring of 2011”. A more recent Pew Report is even more telling; a “vast majority” of Americans (Pew reports the number may be as high as 96% ) own a cellphone of some kind,...
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Five Money Lessons from Joejuan Williams
There are five lessons to be learned from Joejuan Williams’ money mastery. He lives off 10% of his multimillion-dollar income, and I’m not sure I’ve ever been more proud of a stranger.
Learn good habits early
Joejuan Williams credits a finance course he took in high school that helped him form his good practices as a millionaire. He learned about 401(k) plans, certificates of deposits,...
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