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Shatter Your Definition Of Success

By Frugaling 9 Comments

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McMansions

Tell me about successful people and you might be inclined to rattle off resumes. Perhaps these people work hard and make sizable sums of money. Maybe they are moving into multiple-thousand square foot homes with ample room. They could even have the prestigious title of doctor or chief executive.

In our highly individualistic society that hails “hard work” and “grit” and “responsibility” and “choice,” we learn early on what success looks like. Different cultures have variations of vocational prestigiousness, but many share in the desire to own land, property, and make more money than most. To be accomplished, one must follow this tattered path.

The ability to captivate through material possessions and titles is dangerous. Real success and accomplishment seems lost amidst this cavalcade of crap. Worse, these measures of success are not afforded to everyone. Minorities and those from disenfranchised backgrounds are not offered the same opportunities to “succeed” in these traditional ways. For example, faculty at institutions of higher learning are overwhelmingly white men, and that’s a problem for everyone.

Our ideas and definitions of success are decrepit. We need new measures, and we’re long overdue. If success cannot be afforded with greater equality, why do we continue to allow these narrow ideas to continue? What exactly are we doing with these antiquated ideals? Why do we trumpet individual achievement that only goes to consume and perpetuate inequities?

Society benefits in the propagation of materialism and consumption. And current measures of success conveniently fit this modality. Buy the home, buy a bigger one. Buy the car, buy a more luxurious one.

We need better, less financially dependent measures of successes. Education is out of reach for many. Material possessions are tired and tried methods of achievement. Income disparities are nearing Gilded Age levels again. Larger homes consume more fossil fuels to heat and cool. Luxury vehicles tend to burn through gasoline. And prestigious titles seem reserved for those born and ascribed status.

Just because “success” works for capitalism doesn’t mean it works for the collective. Let’s craft something a little different. Perhaps we can live in a world that defines success flexibly. Perhaps we can see success in the helping hand, time, and dollar given to anyone/someone in need. Perhaps we can see success in the mother that raises children who respect the planet and find ways to help others. Perhaps we need to break out from formal strictures that rule over our lives, and consider that consumption cannot equal achievement.

Disbanding this present thinking provides for a future with hope for the masses. Achievements needn’t be through prescribed methods and lists of prestigious professions. We need a world with janitors, plumbers, assistant to the assistant managers, and everything in between. We need a world where someone making $35,000 per year, retiring with little, but helping find foster homes for children is seen as a hero (and heck, would it hurt to pay that person a little more?).

Humans are incredibly creative; yet, we have allowed these to persist. We are flawed, but have great potential. It’s time to shed archaic messages. They were convenient for marketers, but harbored horrific messages to those who couldn’t meet the prescribed rules.

How would you define success? Who are your role models? What do you think about income, vocation, and education as measures of success?

Filed Under: Social Justice Tagged With: achievement, Career, Gilded Age, Income, Income Inequality, jobs, rich, Success, vocation, Wealth

The 5-Minute Guide To Thomas Piketty’s Capital In The Twenty-First Century

By Frugaling 2 Comments

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Capital in the twenty-first century Thomas Piketty
The cover of Thomas Piketty’s Capital in the Twenty-First Century

Everyone is talking about Capital in the Twenty-First Century, but few people have read it. In fact, I was watching Real Time with Bill Maher the other day, and the entire panel was debating the virtues of the book — then they admitted no one had read it.

Meanwhile, The Guardian wrote, “This is a huge book, more than 700 pages long, dense with footnotes, graphs and mathematical formulae. At first sight it is unashamedly an academic tome and seems both daunting and incomprehensible [emphasis added].” Well, I just spent an inordinate amount of time reading his masterpiece, and have quickly placed every lesson in the following article. I’ve tried to link to further explanations, should you care to spend the time.

Here’s everything you need to know about Capital in the Twenty-First Century in 5 minutes or less. 

  1. Income equality is increasing.
  2. We are approaching another Gilded Age.
  3. Net worth is not trickling down.
  4. A global wealth tax is proposed.
  5. Marginal tax rates used to be much higher.
  6. Income inequality undermines meritocratic values.
  7. Marx couldn’t properly account for technological progress.
  8. Industrialization and economic shift is inherently advantageous to a select few.
  9. War and taxation created a by-product of economic equality in the 40s/50s.
  10. Theoretical and mathematical interpretations fail to account for individual actors and historical data.
  11. Inequality is not necessarily bad, but the reasons for it could be.
  12. Top managers can control their own paychecks.
  13. Profit is necessary to attract capital; at least, as the economy currently stands.
  14. Per capita income averages hide disparities (median versus mode).
  15. There are errors and gaps in tax revenue due to tax havens.
  16. Foreign direct investment hasn’t led to a convergence in economies.
  17. Economic growth is unsustainable, as compounded growth will kill the planet (think climate change and food shortages for a growing population).
  18. Social mobility is at the heart of moderating income inequality.
  19. Inherited wealth is monopolizing income distribution.
  20. Those with capital and assets can increase wealth faster than beginning entrepreneurs.

Now go out there, act like you read it, and sound smart!

Filed Under: Social Justice Tagged With: 21st century, Capital, distribution, Gilded Age, Global Economy, Income Inequality, Investments, Profit, rich, Social Mobility, Thomas Piketty, Wealth, Wealthy

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