Curating the Internet: Business, leadership, and management micro-summaries for September 9, 2019

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Authored by @remlaps

Raising frugal kids and saving for early retirement; Early retirement has its problems, too; Concerns raised about Jeffrey Epstein's influence in science; MIT Media Lab shaken by Jeffrey Epstein connection; A tour of Hans Christian Andersen's childhood home

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  1. How to raise frugal kids as you save for early retirement - Part of the "financial independence, retire early" (FIRE) movement frequently involves teaching kids to be frugal and understand the value of money. The movement aims to achieve early retirement by combining high levels of savings - up to 60% - with reduced expenses, all through a process of "intentional living". When it comes to parenting, this might mean buying quality second-hand clothing or sticking with low-cost activities. One parent suggests talking to kids about the prices of groceries, how checks and credit cards work, and saving for college, as well as using the local YMCA for programs, instead of expensive private studios. Inexpensive vacation activities include road-trips with a camper, hiking, camping, and visiting museums. For more information, the article suggests that the following blogs contain more information about the FIRE lifestyle:

  2. Early retirement sounds amazing, but it can take a toll on your mental health - I usually don't include two articles from the same site, but these complement each other nicely. This article reports on another side of FIRE, raising concerns that people have a hard time switching gears from work to early retirement, experiencing things like self-doubt, anxiety, lack of motivation, depression, and binge drinking. It also points out some coping mechanisms that people have used. These include slowly transitioning by a gradual reduction of hours, looking for ways to replace the "feeling of belonging", and learning to think about the big picture, in time scales like 5, 10, and 25 years. The article also gives some more FIRE blogs:

  3. Jeffrey Epstein's influence in the science world is a symptom of larger problems - As a reader of edge.org since 2004 or before, and a long-time fan of TED videos, this article by Kate Darling is concerning to me, as is the linked expose. The two articles suggest that organizations like edge.org, TED, and wired.com have all gained in influence from their relationships with John Brockman, which seems to be especially true for edge.org, since Brockman is "the president, founder, and chief impresario of the Edge Foundation". The articles also make it clear that Brockman has remained silent about his murky links to Jeffrey Epstein. Question for readers, do you think it's necessary to avoid those platforms unless or until Brockman issues a statement to clarify the nature of his relationship with Epstein (particularly edge.org :-( )?

  4. Jeffrey Epstein gave hundreds of thousands of dollars to MIT's Media Lab, and its founder said he would accept the donations again if given the chance - And as long as we're talking about Jeffrey Epstein.... Nicholas Negroponte is the founder of MIT's Media Lab, but he's best known to me as the initiator of the one laptop per child project and the theorist behind the Negroponte Switch. In an all-hands meeting at the lab on Wednesday, he defended the acceptance of $800,000 from Jeffrey Epstein and said that he would take the money again. With context, apparently the point he was trying to make was that, knowing what he knew at the time he would have made the same decision, but knowing what he knows today, he would not.

  5. STEEM Visiting the childhood home of Hans Christian Andersen and buying a copy of "Billedbog Uden Billeder" written in Danish - Steem author, @geke, describes a recent visit to the childhood home of Hans Christian Andersen, who was the author of "'The Little Mermaid,' 'The Princess and the Pea,' 'The Emperor's New Clothes,' and 'Thumbelina.'". Located on Munkemøllestræde in Odense, Denmark, the building was already hundreds of years old when Andersen lived there (early 1800s), and has now been turned into a museum. At the time when Andersen lived there, it housed three families, each occupying 1/3 of the building. The post also includes photos from the visit. (A beneficiary setting of 10% has been applied to this post for @geke.)

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