This infographic shows you why the rich stay rich.
The Cronut Project was born when three advertising agency interns were given a $1,000 budget and the mandate to do as much good as possible. Taking a little bit of inspiration from Fast Company, they are soliciting donations for the Food Bank of New York with a delicious (and flaky) twist: They have partnered with Dominique Ansel, baker-creator of the smash hit pastry that combines the best of a croissant and a doughnut, to offer a limited edition passion fruit flavor.
Every day this week, the largest-dollar donor, plus a random donor, will get one of these special cronuts.
Innovation expert Kaihan Krippendorff uses hip-hop star Drake’s path to achieving his goal of $25 million by the age of 25 to demonstrate his 30-minute strategy for reaching your goals.
1. After you are gone
This is an outcome you will not achieve in your lifetime but it is the reason you get up and push ahead every day.
Drake Example: To make genre-cracking music that connects emotionally with his audience.
2. The end
This is a picture (or vision) of what you will achieve or what you will become in the long-term, usually 3 to 10 years from now. Define 1 to 3 metrics, and their values, that will tell you that you have achieved your long-term vision.
Drake Example: To be known by Dec. 31, 2016, as one of the greatest musical artists in the world; to be indefinable, with music that crosses genres; to have multiple houses and a private jet.
3. The next chapter (12-18 months)
What must you achieve in the next 12 to 18 months to know you are on the path and by what metrics will you judge that the plot is unfolding as you desire?
Drake Example: To have released by Dec. 31, 2014, one of the biggest albums of the year.
4. Plot actions (12-18 months)
What 3 to 5 actions (or strategic priorities) will you focus on continuously for the next 12 to 18 months to reach this chapter’s conclusion?
Drake Example: Release best album yet; continue improving music and performance; launch successful tour.
5. The first scene (the next 3 months)
What 1 to 5 key metrics will you focus on in the next three months (and who is responsible)?
Drake Example: 15 songs recorded that he thinks are awesome; 120 total hours practiced.
[Drake Image: AP Images]
”I see the future but I live for the moment, make sense don’t it. Now make dollars, I mean billions. I’m a genius, I mean brilliant.”
—Pitbull, who is worth a mere $9.5 million.
Yep, Uber is offering $3000 on-demand helicopter rides to the Hamptons for the 4th of July…
[Images courtesy of Uber]
According to the Economic Policy Institute, in 2012, average CEO compensation among the 350 largest U.S. public companies was $14.1 million (including income from options), which was a 12.7% increase on 2011, and 37.4% jump over 2009.
Some economists explain this higher-than-the-highest phenomenon by saying that CEOs’ jobs are becoming more difficult, and that they therefore should be paid better. But the EPI favors a different explanation: that CEOs hold the reins of their organizations and can win the compensation that suits them.
Why? “There is a reasonable hypothesis that areas that are fertile for startups are fertile at a point in time, such as Detroit in the 1890s,” says Ed Glaeser, Eleanor Glimp Professor of Economics at Harvard. “Startups come, they succeed, and then it becomes progressively less friendly as the area becomes wealthier. A few dominant firms emerge and they eventually end up pushing out startups. Areas then have to find a way to reinvent themselves.”
9 out of 10 American’s are completely wrong about how money is distributed in the U.S.A.
wow! This video by Upworthy will make you think twice about money!
Forty years from now, how much will energy cost? What will happen with the climate? Most importantly, will you be richer?