Inflation is coming, inflation is coming!

Last month I wrote about the distinction between long-term secular inflation and shorter-term cyclical inflation

It has been clear for several months that we are in the middle of a cyclical rise in

🤔 Thread: More of the wrong thing is less
(or, how I stepped off the hamster wheel)

I’m going to share a personal story with hope that it inspires at least one person to re-examine their definition of success 👇

Through hard work and an unfair share of luck, I’ve done some cool “bucket list” things in my career:

✅Raised VC from the worlds’ top firms
✅Helped build 100’s of millions in revenue from nothing
✅Rang the bell at the NYSE
✅Met & did deals with billionaires & business icons

These are things I dreamed about when I was young and I treasure some of the memories. But when they finally happened I felt surprisingly unfulfilled. I was scoring lots of points but didn’t feel like I was winning.

Then a few years ago during a board meeting I had a moment of clarity. I looked around the table at 10 people, all absurdly successful by financial measures. There wasn’t a single person I wanted to emulate. Most were unhealthy and several had told me that they were unhappy.

Within months I walked away from from a 7-figure salary, moved my family to Boulder, & haven’t looked back. Don’t get me wrong, I’m a capitalist & like money as much as anyone. But for me it's not the thing, and *more of the wrong thing is less*.

THREAD:

What if I can prove @KLoeffler has direct financial ties to China, doing just a simple open source dive into her recent past?

It’s pretty obvious...follow along:

Short thread on how DfE sneaked out a £250 million cut to school budgets in the middle of a pandemic and how it will impact the poorest and most vulnerable pupils

No publicity, no great public announcement as @educationgovuk cut £1/4 billion from its Pupil Premium budget

Pupil Premium (PP) is extra funding to help disadvantaged children & those living in poverty, it’s funding to help with levelling up & social mobility

Schools receive extra money for pupils claiming free school meals, it’s currently £935 for secondary & £1320 for primary

The funding was calculated based on the second annual school census which is in January, the first census being early October

This gives schools time to encourage FSM registration & check everything before the dataset is used

As of last Januarys census there were 1.44 million pupils registered to receive Free school meals

Then we had COVID

Despite the government’s furlough scheme & other support, we saw a huge increases in job insecurity and a rise in numbers claiming Universal credit

By October the number of pupils claiming free school meals had risen to over 1.6million

That’s an extra 200,000 pupils below the UC threshold & entitled to FSM

It seems highly likely the numbers continued to rise, especially with a 2 month lag between UC claims & eligibility

Everything You Need To Know about Emergency Funds

A Thread 🧵👇

1/ Let’s understand the meaning of Emergency Fund, it is a fund that will help you at the time of financial crisis or unplanned scenarios. It is also known as contingency funds.

An Emergency Fund is the first step towards financial freedom.

2/ For example, when the Covid-19 hits many people lose their jobs which results in loss of financial support and people find difficulties buying basic necessities for themselves. So, having emergency funds helps you to sustain the period.

3/ Now the question arises, how to build an Emergency Fund?

An emergency fund cannot be built overnight but it can be done gradually. Firstly, you need to analyse your monthly expenses and then, you need to set aside a particular amount every month.

4/ Say, you have decided to have an emergency fund of ₹3 lakhs. In this case, you can set aside ₹45000 or ₹50000 every month to accumulate the corpus you need. It is fine to even cut down on your investments to build this amount.

Get a cup of coffee.

Let's kickstart 2022!

To that end, here are 22 key concepts to help you appreciate and achieve Financial Independence.

Concept #1.

What is Financial Independence?

It's a state of *self-sufficiency*. It's when you have enough money, and enough income-producing assets, that you and your family can live comfortably for the rest of your lives -- WITHOUT needing a job.

Concept #2.

Financial Independence is not really about spending MONEY how we like -- although, to an extent, that becomes possible.

It's about being FREE to spend our TIME how we like.

Concept #3.

Financial Independence is not really about quitting our jobs and retiring from work -- although that's possible.

It's about being FREE to pursue *whatever* kind of work we find most fulfilling. Things we love to do. Things the world benefits from. Etc.

Concept #4.

For most of us, the path to Financial Independence consists of:

- Starting Early,
- Saving Diligently, and
- Investing Responsibly.

Here's an inspiring story of a janitor who amassed an $8M fortune by following this very playbook: