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Welcome to this week’s edition of the Sunday Best where we comb through the internet to curate the best reads for you.
This week’s edition covers the global population decrease and youth scarcity, personal finance, and how it looks differently for everyon,e including the best practices and mindset to adopt for your benefit, and so much more.
Happy reading!
The Sunday Best (01/19/2025)
We don’t go to bars, restaurants, or movie theaters as much as we used to. And we’re spending way more time at home. This will have an impact on the housing market.
December consumer prices indicate that we are leaving the immediate post-covid era and seeing a rebalancing of sectors, as sectors that declined sharply in the past several years rebound. As in November, the only two categories of “hot” numbers showing price increases of 4.0% a year or more are two laggards: shelter and transportation services.
Falling fertility rates are propelling major economies toward population collapse in this century. Age structures are inverting — from pyramids to obelisks — as the number of older people grows and the number of younger people shrinks.
Why does it matter? The entire social contract in rich countries — of ever-rising wealth and the ability to retire and live comfortably in old age — is threatened by the reality of “youth scarcity,” as researchers at the global consultancy put it.
Looking at investment returns over a single month – any single month – isn’t ideal. It’s a case of “missing the forest for the trees.” It’s too zoomed in. We need to zoom out.
Imagine you wanted to feel more confident with your money or in your career, relationships, or hobbies. Conventional wisdom might suggest waiting for confidence to arrive before taking bold action. But here’s the catch: confidence rarely comes first. Often, it’s the result of doing.
What is a doctor or a surgeon? A highly trained, highly skilled, and highly knowledgeable professional? Yes. But what if I added “physical laborer” to that list? Although it may not seem like it, a doctor’s work is highly physical.
When disaster strikes, it’s natural to feel the urge to help but not know how. Yet, when you take a closer look at your own skillset, your own resources, your own knowledge, you might find that you’re able to make a difference by just offering what you have to offer.
Constructing a portfolio is straightforward compared to creating wealth. But a 60/40 stock-to-bond ratio doesn’t assure a fulfilling existence. But there is a template for anyone interested in discovering life’s meaning.
There’s power in rituals, in moments that encourage us to pause, reflect, and reset. Even the Stoics embraced this. Seneca is said to have begun each year with a plunge into the icy Tiber River, a bracing ritual to wash away the old and prepare for the new. Here are some best practices to adopt this year.
The common perception floating around for decades is that if you’ve spent years in a high-paying profession like medicine, your retirement should look like something straight out of a Hollywood movie. But it doesn’t have to be like that.
The AAMC just concluded its newest survey regarding the salaries of both fellows and residents in 2024, with some significant updates. Here’s everything you need to know.
