Finland Launched A World-First Universal Basic Income Experiment
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Finland kicked off a ground-breaking experiment in January 2017. The country decided to experiment with a universal basic income program that promises 2,000 of its citizens a guaranteed income. Sounds good, right? Almost too good...Related: Is Universal Basic Income Really Possible?
Why Gyms Want You To Skip Your Workout
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It's a familiar story: for your New Year's resolution, you pledge that this is the year you'll lose weight. The next day, you show up to your local gym, hand the staff your credit card, and boom—you're a member. Fast forward to April, and you realize that despite that membership fee leaving your bank account each month, you haven't gone to the gym in forever. Sure, that's bad news for you, but it's great news for the gym. Their business model relies on the fact that some members never show up.Related: A Workout A Day Keeps Depression At Bay?
Follow These Steps To Retire A Millionaire
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The world of finance can be confusing, and for many twenty-somethings, retirement seems forever away. Well it's not, and you should start saving money, like, yesterday.Related: The Zero-Sum Budget Has You Spend All Your Money
Financially Speaking, The Best Time To Be Alive Was During The Great Compression
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Financially speaking, the best time and place to live was in the U.S. in the late 1940s–1960s. This time period was riddled with other issues (i.e. racism, sexism, etc.), but it had at least one thing right: the income equality in the United States was higher than at any other point in world history. Directly following the Great Depression, this chunk of time is aptly referred to as the Great Compression. Must've been nice. Things are a whole lot different now.
The Zero-Sum Budget Has You Spend All Your Money
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What if you could save money while spending your entire budget each month? Before you dismiss this concept as wildly counterproductive, hear us out. The Zero-Sum Budget keeps you accountable because every penny you make is allocated for a specific purpose. Read the following steps to help get your finances back on track.The first order of business: determine how much money you make each month by figuring out how many paychecks you receive and how much you'll earn post-tax. After you determine your earnings, start planning what you'll spend. Here's the key: don't calculate what you'll spend this month—allocate this month's money for what you'll need next month. List out all of your fixed bills, including rent payments, utility estimates, and groceries. Don't forget to include smaller expenditures such as gym fees or larger bills like student loan payments. Then, it's time to compare and contrast. Once you deduct your bills from your earnings, you can allocate the leftover funds for miscellaneous categories, such as an emergency fund and a long-term savings fund, a vacation fund, and money for fun things such as dining out and going to the movies.