Welcome to Litsy!

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Might get that feeling? That the rich exploit their employees?

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I wish more companies were like Dr. Bronner‘s. They implement a salary cap. The highest paid employee‘s salary is limited to 5x that of the lowest paid employee. Imagine if all companies adopted this model. What a difference that would make in everyone‘s quality of life.

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Authors list several characteristics of millionaires. I laughed when I read this one. The good old days of pension plans. Even when I was teaching and money was deducted from my paycheck for state pension, I never relied on them managing that money well.

Meh. Most recent research was from mid-90s to early 2000s, so examples are outdated. In 2025 the authors & the millionaires come across to this Gen Xer as out-of-touch Boomers. Basic concept is live below your means. Stealth wealth. Lots of pages on car buying habits and how to raise kids to become wealthy w/o relying on cash infusions from parents. Nothing really new here. Some of the anecdotes were amusing. #ReadYourEbooks

Current read reflecting on the financial aspects of a life well lived. I'm glad it acknowledged very early on that globally a privileged few actually have disposable income with which they could take on board his viewpoint.

Already this is starting to feel like a lot of padding to get his central idea to book length though.....i think this will be a skim read.

Got a lil too scholarly and rambly for me at points. Some parts were hella interesting though. Just realizing what a philosophical concept debt is... crazy. Rec from mom. Took me ages to get through.

Saifedean Ammous is Professor of Economics at the Lebanese American University. This book has useful summaries of the history of money and the development of Bitcoin but his arguments as to how Bitcoin meets the definition of money are unconvincing - no matter how many times he repeats his points - and his Austrian school economic arguments about Bitcoin‘s superiority for settlement smacks of wishful thinking over the real world practicalities.

Yesterday‘s spoils from the book swap after ballet. The activity books are for the little people in my life.

Sometimes, when you‘ve got a lot of stuff going on IRL, you just want to read a hilarious romp about “rich people problems” and this book was absolutely perfect for that! All of the characters were likable, no matter how completely out of touch they were, and it helped distract me from some intense events.

November. #12Booksof2024

@Anthony65

For some reason I keep picking novels that include footnotes 😅 Thank goodness it‘s always on my kindle.