Posts Tagged ‘problem’

“Whatever creativity is, it is in part a solution to the problem.” -Brian Aldiss

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“Here’s a chart based on research from the Economic Policy Institute that describes the problem. As you can see, productivity in this country grew nearly 250% between 1948 and 2014, but median wages only grew 109%…You’ll also notice that the divergence begins around 1971… the year President Nixon removed the U.S. dollar from gold.

Why? Because paper money doesn’t transmit gains in productivity like real, sound money should.

In short, when the dollar was unlinked from gold, the government was granted the ability to create unlimited amounts of new money. But this money doesn’t flow to everyone equally. It is created in the banks, and then works its way through the financial system before eventually trickling down through the real economy. The result is that asset and consumer prices have risen far faster than wages.” -Justin Brill

“When you label a past event ‘failure’ it prevents you from moving beyond the past….  ‘Failure’ is not a detail you can learn from.  Again, it’s a label that describes nothing except a feeling inside of you.  Details are what you can study and learn from….  The key to success is to solve hard problems….  Failure is not a hard problem.  It’s a label.  Failure is in the past.  Hard problems can be solved right now.” -James Altucher

“The problem is 95% of our decisions are based on our feelings.  It is robbing you of opportunity and joy.” -Mel Robbins

“Have you quit on yourself?  It’s that time of year when most folks give up on their New Year’s resolutions.  According to a survey from the University of Scranton, after one month, 46% of people have already quit working on their resolutions. 

And among the top resolutions is to start exercising.  I want you to walk.  Walking is easy, free, and just about anyone can do it.  Even better… walking helps you live longer.  A brand-new study from the U.K. showed that substituting 30 minutes of light activity, such as walking, for 30 minutes of screen time, cut risk of early mortality.

If you feel like you’re in a slump or have a problem with the blues, get out and get walking.” -Dr. David Eifrig

“At more than $1.4 trillion in loans outstanding, student loan debt is nearly four times bigger than all the debts of Greece.  And it’s still growing at nearly 20% a year… multiple times faster than the official rate of inflation.  Worse, the government’s own data has showed as much as 30% of this debt – nearly one out of every three loans – isn’t being paid or is already in default….

At more than 1,000 schools – representing about one-quarter of all U.S. colleges and trade schools – more than half of students have already defaulted or failed to pay even one dollar toward these loans within seven years of leaving school.  Across all schools, the data show as many as 40% of borrowers haven’t paid a single dollar toward these loans within seven years.  Looking at just the past three years, this number jumps to more than half – 54% – suggesting this problem is only getting worse, not better.

In other words, according to the government’s own data, at least 40% of this debt – representing more than $500 BILLION that has been packaged up, ‘securitized’, and sold to investors as ‘money good’ – will likely never be paid back at all.” -Porter Stansberry

“He (Seth Goden) says, quite correctly, that most people who buy books on entrepreneurship never get beyond the dreaming stage because ‘deep down inside, they don’t think they have what it takes to succeed’.  I don’t know if that is the most common fear of starting a business.  I wish it were.  But I’m afraid too many entrepreneurs have the opposite problem.  They don’t realize they don’t have what they need to succeed….  The solution to that fear is to put your plan on hold and acquire the experience to know what you need to know.” -Mark Ford