Sunday Reading

Yes, on the surface this is a difficult story covering a harsh reality but the woman in first anecdote is doing what she has to to get by in terms of having a job that yes is low paying, but covers her lifestyle as it is now. She has solved some of her problems and hopefully she can get to a better place.

https://www.latimes.com/opinion/story/2023-10-21/los-angeles-homeless-rv-cars?fbclid=IwAR3Lq5YOyhmGasQCgDcL6buA4g-00nPUw7iSUB2-31wYxZmlgalUMAeZzG0

This article was really about introducing the notion of healthspan to people. We've looked at healthspan many times before, it is being able to do the things you enjoy to an older age, longer than might be expected. SA defines it as "period of life free of chronic disease or disability." It doesn't go into detail about what to do, only very superficially. The simplest way to extend healthspan is to cut carbs and lift weights. You'll get the most bang for the buck that way. There are other things too like intermittent fasting (can be a simple as skipping breakfast) but starting with the basics will go a very long way.

https://www.scientificamerican.com/article/ways-to-extend-your-healthy-years-not-just-your-life/

Some athletes are making a lot of money and plenty are making some money. If you saw the movie One On One with Robby Benson, pretty much everything from that movie is now legal. I am all for college athletes getting whatever they can but there is tremendous value in being a student with very little money having to learn about budgeting and how to prioritize spending. It seems like most players get slightly more than a living wage but the ones who are making big money should only get access to a small portion now, delaying full access until they graduate or turn 25.

https://www.nytimes.com/2023/10/21/us/college-athletes-donor-collectives.html?campaign_id=9&emc=edit_nn_20231022&instance_id=105817&nl=the-morning&regi_id=72070930&segment_id=147998&te=1&user_id=4355a2a635d99d91f476b992c6f58fd4

What this really is, is another argument for preventing/solving our own problems. "No one will care more about your retirement than you" Joe Moglia. Beyond social security and 401k savings, I would encourage figuring out how to monetize a hobby (whatever you enjoy doing, I promise you someone is making money doing the same thing) and how to create a "passive" income stream. I put passive in quotes because most passive income requires at least a little work.

https://www.wsj.com/personal-finance/retirement/retirement-united-states-global-ranking-8ffa8e47