“It is enough that the people know there was an election.” J. Stalin “When the electorate believes that elections have been free and fair, they can be a powerful catalyst for better governance, greater security and human development. But in the absence of credible elections, citizens have no recourse to peaceful political change. The risk […]
Lots of cool information and videos relating wealth, income, and their distribution to health and well-being.
The Natural Step outlines the 4 principles of sustainability, a foundation for a lifestyle that maximizes sustainable well-being. This post looks at Ecological Footprint as one quantifiable measure of resource use (our lifestyles need to use the resources of 1 planet whereas the current average American lifestyle requires 4 planets worth of resources). Money is another quantifiable way of viewing resource use. Our conversation briefly describes the current inequity in wealth distribution in the U.S. and suggests that a fair amount of money to live on for a family of 4 would be $40,000 per year in income, with wealth of about $127,000.
Financial resilience means financial diversification and is obviously a subset of resilience more generally. Diversification simply means putting your eggs in more than one basket. Not a secret. Want financial security? Diversify. But how much? I grew up hearing about diversification and it was applied across different stock investments (company x and company y) and […]