Advice:: Three Retirement Questions for People in Their Twenties

If money were no object, what would you do with your time?

Some people would choose to be idle with their time, enjoying all of the freedom that comes with it. They’d party. They’d go on trips. They’d goof off. They’d play on their Xbox all day long.Other people would want to work for something or build something. They’d spend their time with a volunteer project – or maybe even start their own. They need to have a big productive project in their lives in order to feel fulfilled and happy.Most retirement advice is written for people in the first group. They’re the ones who, when they reach retirement age, will want to travel and spend their later years enjoying themselves with leisure as much as possible.The other group gets personal enjoyment out of working and being productive. With the many opportunities already available for people to work as late as they’d like in life, such people will probably work at something – whether it’s gainful employment or a big volunteer project or some mix of the two – until they drop dead with a tool in their hand.If you’re in the first group, you need to be saving as much for retirement as possible. While it’s fine to put money into riskier investments when you’re young, you should start moving into more conservative investments – like bonds or treasuries or cash – pretty early on, even as much as twenty years before retiring.If you’re in the second group, saving for “retirement” basically means saving for the last year or two of life when you’re unable to work and also saving for some supplemental income for the last few decades of your life. You likely don’t need to kick the savings into high gear and can afford risk a little later than the other group, sliding the money into conservative investments five or ten years before you begin to withdraw it.

via The Simple Dollar » Three Retirement Questions for People in Their Twenties.

This was a really important post for me, it said something that I connected with.  A lot, no the MAJORITY of the people I talk to dream of having a business , having some form of passive income, to have financial independence. There is nothing wrong with this.  The only thing wrong with this is that it is not right for everyone.  I believe I am a type two person, I really love working.  I love analyzing stuff , I love creating programs. I love that in a little space called the computer’s innards I rule supreme. I don’t know if I’ll forever be a type two person, the only assurance is that I’ll remain a type 2 person is that I understand Ernest Hemingway (hope you got what I mean),. Hope you read the whole article!

Elink Video::Dealing With A Complex World

This TED talk shows what the speaker ( Pattie Maes ) calls Sixth Sense Devices to help us in our decision making endeavors.

I’ve been thinking about this problem continuously.  I try to act rationally. The problem with acting rationally is two fold.

1st is that timely and accurate information is very hard to access at any given time. As the speaker said, you don’t strut out your phone and google someone. This is a problem because we are continuously faced with choices, and bad choices compound. To be able to deal with the increasing complexity of our world. We have too much data, we have too many goals, too many things we want to optimize, we need something to help us with this.

2nd we need a good way for us to record our decision making accuracy kind of like what athletes do with all the bio informatics stuff. If we want to improve in life we must first know where we need to change , and with the help of the pareto principle I believe we could get a great bargain!

rePost::The long-term effects of day care

So did time spent in day-care affect school performance? We can't say for sure: remember, this study just measures correlations, and a correlation can't tell us if one factor causes another. But there are some interesting correlations. There is a small, but significant correlation between quality of care received in a child-care center and vocabulary scores. Interestingly, this correlation continues to be significant all the way through the fifth grade. There's also a significant correlation between number of hours spent in child care and “externalizing” behaviors such as misbehaving in school or hitting others, but this diminishes with age. Externalizing is significantly correlated with the proportion of child care provided by day-care centers, and this correlation does extend all the way through to the sixth grade.

But the factor that most strongly predicted both academic success and good social skills throughout the study period was quality of parenting. If the mother-child relationship in those short video assignments demonstrated good parenting skills, then the child was more likely to have good reading, math, and vocabulary scores and have healthier social skills. But even here, we must be careful not to assign parenting as the cause: It’s possible that parents simply get along better with kids who are naturally brighter and friendlier.

But let’s suppose the correlations are due to causation: good parenting makes good kids, and day-care makes for very slightly smarter, but also slightly less well-behaved kids. What does that tell us about whether or not to put kids in day care? On an individual basis, not much. A parent may be faced with a decision to put her child in day care or move to a cheaper house in a worse neighborhood. A small probability that the child will be slightly more aggressive in ten years probably doesn’t play into it much. But, the study authors suggest, it might make a difference on a larger, community-based scale. If ever-larger numbers of kids are placed in ever-more-inadequate day-care facilities, then schools and playgrounds could be adversely affected, which could mean a worse future for everyone.

One thing does seem clear from these results: both high-quality child-care centers and good parenting skills are associated with better results for kids. Perhaps future studies should focus more on how to make both of those things even better.

via The long-term effects of day care : Cognitive Daily.

Advice:: Play Politics – NYTimes.com

Nice list on what to do in college, read the whole thing!

I fancy myself as still young, but I also believe that if it’s anybody’s time it’s our generation’s time now! LET US SPEAK UP! LET US BE INVOLVED!

5. Do not fear political activism. I was once at an event where a student asked Jimmy Carter how he, formerly the guardian of American law, felt years earlier when his freshman daughter was arrested at a protest against apartheid. He answered: “I cannot tell you how proud I was. If you young people cannot express your conscience now, when will you? Later you will have duties, jobs, families that make that harder. You will never be freer than now.” Also, among the activists, you are more likely to meet the intellectually adventurous people mentioned in the last item.

via Op-Ed Contributor – Play Politics – NYTimes.com.

AOTD:: Go the Wrong Way – NYTimes.com

Loved this advice. As the title suggest we sometimes need to “Go The Wrong way”. The thing is lives have a tendency to follow patterns, worst comes to worst you’re going to for an ordinary life. There is nothing wrong with an ordinary life, but some people would like a life less ordinary (I loved that movie, I’m just a sucker for a romantic comedy).

Go the Wrong Way

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By MARTHA NUSSBAUM

Published: September 5, 2009

It’s easy to think that college classes are mainly about preparing you for a job. But remember: this may be the one time in your life when you have a chance to think about the whole of your life, not just your job. Courses in the humanities, in particular, often seem impractical, but they are vital, because they stretch your imagination and challenge your mind to become more responsive, more critical, bigger. You need resources to prevent your mind from becoming narrower and more routinized in later life. This is your chance to get them.

via Op-Ed Contributor – Go the Wrong Way – NYTimes.com.

rePost::In Defense of a Good Night’s Sleep

This has been the 3rd week of having between 3 and 4 hours of sleep a day.

Yikes this is scary.

In Defense of a Good Night's Sleep

Disrupt your sleep, disrupt your body and brain.

It's so tempting to cut back on sleep when you can't figure out how to make it all fit. Many of us have an irregular sleep cycle, staying up and sleeping in some days, and trying to rise before the first respectable glimmer of dawn the next day.

But a new study presented at the 2009 meeting of the Society for Neuroscience shows how disrupting your sleep cycle can interfere with your health and cognitive function. (1) Researchers from Rockefeller University disrupted the circadian rhythms of mice by exposing them to 10 hours of light followed by 10 hours of darkness. After two months of this, the mice were in need of more than a little nap. They had difficulty learning. They were more impulsive. And they got fat, thanks in part to changes in appetite hormones and metabolism.

via In Defense of a Good Night’s Sleep | Psychology Today.

QOTD:: In admiration of Iverson

But if they are what they do is the test, then Iverson passes it handsomely this year. In a nation where too many people have what is now called attitude without talent, or attitude without passion, he has, it seems to me, all three, and ironically the more passion he displays, miraculously the less attitude we see — as if he has forgotten that in addition to playing so hard he also has to stick his finger in the world’s eye.

via ESPN.com – Page2 – In admiration of Iverson.