Summary of “7 income producing assets to invest in today”

Income producing assets are investments that allow you to make money passively.
So income producing assets can give you freedom and control since you can worry MUCH less about money coming in.
With a little bit of research, dedication, and sweat equity, you can earn money passively through income producing assets, too.
Below are seven income producing assets that you can invest in to start earning you passive income.
These are conservative, low-risk income producing assets.
This allows you more wiggle room to invest in riskier assets and potentially earn more money.
The U.S. Congress established real estate investment trusts, or REITs, in 1960 to give people the opportunity to invest in income producing real estate.
Income producing assets are a great way to supplement your income through your investments.

The orginal article.

Summary of “What it’s like to be an introvert and what everyone gets wrong about them”

Being an introvert isn’t really anything to do with how much you like spending time with other people.
“So when you are out in a social environment that is very highly stimulating, what happens is that while the extrovert gets more and more incandescent and magnetic, the introvert starts shrinking and shrinking away.”
This means an introvert has a really busy mind worrying about what’s going to happen.
Basically, for an introvert an event is never just an event.
“You can be an extrovert and have social anxiety, or be painfully shy, or socially awkward. The difference is an introvert will tend to recharge on their own and an extrovert needs busy surroundings and busy situations in order to recharge.”
An introvert probably aims to get to know just two new people, but they will hope to foster the beginnings of a deep relationship.
“When you spend time having fun or resting in your introvert hangovers, you can accelerate your professional and personal growth,” Neo said.
“The more comfortable you are with telling people: ‘I have an introvert hangover; this is the time for myself. I’m blocking these chunks of time dedicated to me,’ the more you are able to own yourself as an introvert – rather than thinking there’s something wrong with you.”

The orginal article.

Summary of “Here’s The Technique That Ambitious People Use To Get What They Want – RyanHoliday.net”

I think another part of this is that we are often afraid of putting ourselves out there and being rejected, so we think, “Well, I’ll just go and see what happens, but I won’t really try. I’ll wait until they hire me.” None of this is conscious of course.
Thiel is a man who is notoriously averse to what a friend would deem “Casual bar talk.” He’s a critical thinker, a certified genius and a wily contrarian.
Everyone else Peter had talked to had been thinking incremental, they had been defeatists and Thiel had almost come to internalize their view.
The question those questions then provoke is this: What opportunities have we left on the table in our own lives by failing to do the same? I can think of an easy one off the top of my head. In college, I interviewed at a powerhouse music PR firm.
Preparing for the interview, by actually putting something together to say in the room? I don’t think the thought even occurred to me.
More ruefully, I also think about how many dinners I’ve been to over the years with powerful and important people.
I think about the incredible people whose company I have been lucky enough to be in.
They said, “I want to work for you for free.” Or “I would like for you to be my mentor.” They rarely say what the person thinks they can do, or where they think my needs overlap with their skills.

The orginal article.

Summary of “24 life skills every adult should master before turning 30”

We’ve put together our own handbook of sorts for anyone transitioning from their 20s to their 30s, which lists many of the skills you’ll need to survive as an adult in the modern world.
Many of us fear the word “No” because we don’t want to let other people down.
People who lack the ability to empathize and take an interest in other people are often narcissists.
“Sometimes your body language tells people everything they need to know before you ever open your mouth,” writes Dean Bokhari.
Another, surprisingly simple, tactic is to simply spend more time with the people you’d like to befriend.
“It’s amazing how many people can’t do the simplest of things – like balance a checkbook, fill out a tax form, make sure that there’s more coming in than going out, [set] aside reserves for contingencies,” writes Miles Fidelman.
“[T]he ability to speak confidently to a large mass of people is a skill to be learnt,” writes Ramachandra Bhakta in a since-deleted answer.
Very few people in the study said they preferred standard pick-up lines – so it’s best to avoid those, no matter how clever you think you are.

The orginal article.

Summary of “Killing Strategy: The Disruption Of Management Consulting”

The strategy industry is worth $250B, and the value of strategy is obvious to every company, from the smallest startup to the biggest Fortune 500.
Ironically, with this new business model, the company found that management consulting firms – often hungry for very specific, niche expertise – were some of its best customers.
Clients judge whether or not the solution will be good based on indirect signals: the consulting firm’s brand and prestige, the specific domain of knowledge required to solve the problem, and the company’s prior experience with that firm and consultants in general.
Over the years, we’ve seen companies move from hiring consultants to building out entire strategy functions inside their company – teams, staffed by ex-consultants and others, who can perform the role of a management consultant internally.
“We know that many companies have hired small armies of former consultants for internal strategy groups and management functions, which contributes to the companies’ increasing sophistication about consulting services Typically these people are, not surprisingly, demanding taskmasters who reduce the scope of work they outsource to consultancies and adopt a more activist role in selecting and managing the resources assigned to their projects.”
If companies are hiring ex-consultants to do strategy, and working less with the big consulting firms, it would certainly spell a recipe for disruption.
Today, the wide availability of tools that help companies collect and analyze huge amounts of data, on-demand domain experts, and previously “Black-boxed” consulting resources and ex-consultants have taken a chunk out of the strategic value proposition of the big management consultancies.
That’s not a problem that necessitates a McKinsey-level of involvement – and the company can probably get just as good results by working with a pricing expert sourced through somewhere like BTG. Smaller generalist consulting firms might have trouble competing with the possible disruption factors outlined above.

The orginal article.

Summary of “How rich millennials view money, according to a wealth adviser”

The pace at which wealth is being created is unprecedented.
I’ve seen an apparel brand generate revenue over $5 million in less than nine months and another apparel brand grow to over $1 billion in revenue in five years.
Companies can grow and scale much more quickly than in the past.
Robert Frank of CNBC reported that millionaire households in the US grew by more than 700,000 last year to over 11 million.
The number of households worth $5 million to $25 million grew by 84,000, to 1.35 million.
The number of households worth more than $25 million jumped by 10%, increasing by 16,000 to a total of 172,000.
Creating relationships with this new generation of wealthy millennials as a financial adviser is thrilling.
Through my management of assets for wealthy millennial entrepreneurs, I have noticed a few things about how they manage their money.

The orginal article.

Summary of “The secrets of the ‘high-potential’ personality”

Are you curious, conscientious and competitive? Do you also have the more mysterious qualities of “High adjustment”, “Ambiguity acceptance” and “Risk approach”? If so, congratulations! According to new psychological research, these six traits constitute a “High potential” personality that will take you far in life.
Figuring that recent advances in psychological research could do better, MacRae and Adrian Furnham of University College London have now identified six traits that are consistently linked to workplace success, which they have now combined into the High Potential Trait Inventory.
MacRae points out that each trait may also have drawbacks at extremes, meaning there is an optimal value of each one.
Together, these six traits consolidate most of our understanding to date on the many different qualities that influence work performance, particularly for those setting their sights on leadership.
Equally interesting are the personality traits that MacRae and Furnham haven’t included, however.
To measure each trait in the HPTI, participants have to rate how strongly they agree or disagree with a series of statements, such as: “I get frustrated when I don’t know precisely what is expected of me at work” or “My personal targets exceed those of my organisation”.
The research is still ongoing, but a paper published last year demonstrated that these traits can predict subjective and objective measures of success.
The researchers have also examined the relation of these traits to IQ – another important predictor of workplace success – finding a small overlap between the two.

The orginal article.

Summary of “What It Takes to Think Deeply About Complex Problems”

The problems we’re facing often seem as complex as they do intractable.
As Albert Einstein is often quoted as saying, “We cannot solve our problems with the same level of thinking that created them.” So what does it take to increase the complexity of our thinking?
Rather than certainty, modern leaders need to consciously cultivate the capacity to see more ­- to deepen, widen, and lengthen their perspectives.
Widening means taking into account more perspectives ­- and stakeholders – in order to address any given problem from multiple vantage points.
Early in childhood, we begin to develop an internal narrative about how the world works and what we think is true.
Think for a moment about one of your primary strengths.
Relentless demands and the pressure to respond rapidly undermine more complex thinking.
Scheduling this practice is a way of ensuring that I give complex issues time and attention that might otherwise be consumed by more urgent but less intellectually demanding and value-adding priorities.

The orginal article.

Summary of “Atomic Architecture: The Secret Cities of World War Two”

The Manhattan Project, the program that developed the first nuclear weapons during World War II, worked out of three purpose-built cities in Tennessee, New Mexico, and Washington state.
Built by the U.S. Army Corps of Engineers at rapid speed beginning in 1942, the instant wartime cities of Oak Ridge, Tennessee; Hanford/Richland, Washington; and Los Alamos, New Mexico, revolved around military research.
At their peak in 1945, the three cities had a combined population of more than 125,000.
During the war, none of the cities appeared on any maps: They were the top-secret centers of the Manhattan Project, the U.S. military’s initiative to develop nuclear weapons before the Nazis got there first.
Secret Cities, a new exhibition at the National Building Museum in Washington, D.C., explores the architecture and urban planning of the Manhattan Project sites.
Curator Martin Moeller argues that the cities reflected the broader architectural interests of their era, such as prefabrication, and that their legacy can be felt in postwar suburbs and even Park Avenue skyscrapers.
Most of the people in the secret cities hadn’t known their work was part of a program to develop nuclear weapons.
There were spies in Los Alamos and other places, so there were a few forces in the Soviet Union and elsewhere who knew about the secret cities even during the war.

The orginal article.

Summary of “Inside the Brotherhood of Pi-hole Ad Blockers”

Pi-hole is a free, open source software package designed to run on a Raspberry Pi, a basic computer that’s popular with DIYers, fits in the palm of your hand, and retails for about $35. Most ad blockers have to be installed on individual devices and work only in web browsers, but Pi-hole blocks ads across an entire network, including in most apps.
Drobnak discovered Pi-hole in high school in 2015, after he and his siblings had already used their Raspberry Pi to play tic-tac-toe, program an elaborate light show, and monitor their respective addictions to electronics.
So if a website tries to contact what the Pi-hole knows to be an ad server, “It sends a request to the Pi-hole for the ad, and the Pi-hole is like, ‘Hah, I’m just going to return an empty page to you,’ and the ad server is never contacted,” Drobnak says.
Installing Pi-hole took me about an hour with the help of a friend who’d done it before, and much of that time was spent setting up my new Raspberry Pi. The Pi-hole can run on any computer, but in general you probably want it to be a cheap model that can be left powered on and online.
Then it’s simply a matter of connecting the Pi to the internet, installing the Pi-hole software with a single line of code, and setting it as the DNS server for the network.
The ad industry hasn’t taken any official shots at Pi-hole, likely because setup remains a significant barrier, says Jeremy Gillula, tech policy director at the nonprofit Electronic Frontier Foundation.
Still, the popular support for Pi-hole and other ad blockers may signal changes.
For publishers struggling to survive even with maximum ad surveillance, the Pi-hole team recommends a renewed focus on subscriptions, affiliate links, and curated endorsements for products and services that might truly interest users, similar to the way podcast hosts may talk about how much they personally enjoy a sponsor’s products.

The orginal article.