It is rare to have a conversation with someone who is uniquely positioned to be an adjunct professor in a university and also a business leader in the private sector - someone who can describe the path that students actually find when coming out of college and looking for a career. Eric Stoddard, one of our Patreon community members, joins me to deep dive the misinformation about tertiary education, career guidance and planning and how what we are doing just isn't working for both the student and also the employers.
Click on the player above to listen to the episode or download it. You can subscribe to the RSS Feed here.
Eric's website: https://cardesign.academy
In previous articles, I have stated that the concept of FI (Financial Independence) is flawed. Although the pursuit of it is admirable, the fact is that few FI followers have been able to do this through bear markets. Consequently putting yourself on that path has some dangers. I prefer to concept of "financial sustainability" and this article gives you tangible steps to take to achieve that.
The real state of affairs for the USA is dire. The TV news or your politicians won't tell you that, because it is business & political suicide. But the real economic data matters for your daily life and it is the reason you are and will continue to be constrained.
First, don't panic. Don't get depressed and don't think all is lost. It isn't. We will break down the fallacy of retirement and turn some lemons into lemonade. There are ways to sustain yourself financially and it doesn't require millions of dollars in an index fund.