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The Biggest Returns (Collaborative Fund)

Not exactly a recent piece but Morgan Housel does a nice piece in generalising and summarising how we should be focusing on the thing that gives us the biggest bang for buck – Conservation and Efficiency. In particular, he elaborate on how this is applied to investing/getting wealthy.

What it’s like trying to live on minimum wage—it’s a ‘constant struggle’ (CNBC)

I think this article was written in light of the US passing the bill to raise the federal minimum wage to $15/hour.

I’m not in a position to say whether we need something like this in Singapore or not but in my line of work, I’ve seen how those less well-off in Singapore struggle in school because of financial problems in the family.

While financial aid for such people exists, there is a lot of bureaucracy to get through because the onus is always on those who need help to prove that they need it. But as some economists have shown, this becomes a bandwidth tax on those who are already struggling with other problems.

I really think that the poor in Singapore need more help that is unconditional and forthcoming.

Health spending and life expectancy (The Big Picture)

How did the U.S. get this so wrong? Higher spending and yet lower life expectancy.

Your Chances Of Becoming A Millionaire By Race, Age, And Education (Financial Samurai)

U.S. context and click-baity title but goes to show how important education is in terms of raising your chances to become wealthy. Also shows the importance of having parents provide a headstart in life.