💌 luv's letter #4 - evolve or die.
The power of ownership, being a better you, and planning for retirement.
You know it when you see it.
Once bike lanes start to appear in your neighborhood, gentrification is coming.
Gentrification is a double edged sword. It is good for people who want to revitalize a neighborhood at the expense of the people who live there.
Gentrification is capitalism at its best and also a form of environmental racism.
In a capitalistic society you buy low and sell high.
Buy out struggling and cheap communities, and replace with high-rises and a Whole Foods.
Rinse and repeat.
But before one buys, there must be a seller.
If you have ownership then you decide if your property sells or not. You decide if gentrification happens or not.*
Wealth disparity stems from the lack ownership.
Lack of ownership in property, stocks, and businesses.
Improving your financial literacy and shifting to an ownership mindset is a step in the right direction.
See you next week.
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*It is never that simple as you has to consider taxes, property value, historical discriminatory practices, and even political agendas. Also with increased property valuations, property ownership in urban areas can be unattainable.
curious comment of the week 🤔
Stop being productive.
Stop trying to improve yourself.
There are many books and YouTube videos on self improvement and productivity.
Our digital landscape is flooded with content around “being a better you”.
You have watched multiple videos and completed many self-help books.
Yet, you have not worked on yourself.
Productivity and self improvement starts with action.
Action starts with you.
Planning for your future.
There is no simple answer when it comes to investing for retirement. Personal finance is “personal” because the advice one receives is dependent on what works for their goals.
This video does a great job of breaking down an IRA, but also explaining how to think about retirement accounts when it comes to your financial goals.
hitlist 🎯 - my favorite links for the week
Grow Your Career - An alternative to job hopping.
Inflation is real - Your money will be worth less tomorrow.
Fearing the Sock Market - “Slavery ended, but economic oppression didn’t.”
Less consuming, more creating - Stop becoming a digital hoarder, instead become a digital curator.