How much is enough?
Welcome to the Cutting Room Floor, a newsletter where I round up all my personal finance articles, put out exclusive content and interviews, and flag my favorite job listings from around LinkedIn.
This is a concept that doesn't get talked about ... enough.
In the business press we talk about billionaires all the time, but think about that: That is more money than we could spend in hundreds of lifetimes. Even if you get to that level, people are obsessed with the accumulation of even more. If even that isn't enough, then when can we ever be satisfied?
That's what Manisha Thakor talks about in her new book MoneyZen, and I recently chatted with her about it for Reuters . She's very eloquent on complex subjects, and if you've ever felt like "not enough" -- and who hasn't -- you should definitely buy the book.
As a side note, I once interviewed Craigslist founder Craig Newmark on this very subject of 'enough'. I was surprised to hear him bring it up, because not many people do, especially wealthy folks. You can check out that "Life Lessons" edition here.
Best Dividend Stocks
Who doesn't like getting paid?
I've loved dividends since I was kid, ever since my stepdad bought a few shares for me and I would get checks in the mail for doing absolutely nothing. If I remember correctly (it was a long time ago) it was companies like PayLess Drugstores and PepsiCo!
So for income lovers out there, I asked some top fund managers recently about great dividend stocks. Thanks to the folks from Neuberger Berman , T. Rowe Price , Columbia Threadneedle Investments, US , Ariel Investments & Eaton Vance for chipping in a few ideas.
Check out that piece for The Wall Street Journal Buy Side here:
Quote of the Day: Bill Richardson
I was sorry to hear about the recent passing of Bill Richardson, who had that rare talent of talking to anybody. As a diplomat you don't just talk to your friends -- you have to interact with enemies, too. Part of the gig.
But before he was getting Americans out of jams all around the world, he was just a regular kid, and I talked to him about the first job he ever had: Landscaper.
"When I was 17, I was a pitcher in the Cape Cod baseball league. But I had to pay for my own room and board, so in the mornings before games, I was a landscaper in Cotuit, Massachusetts. I would mow lawns, and use tractors to clear brush, and get paid something like $2 an hour. This was back in the late ‘60s.
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"I remember being so tired, and then after my shift I had to go pitch baseball games. I was a relief pitcher, had a creditable ERA, and would come in to mop up games. I knew I was not going to be a major leaguer, because I was a curveball pitcher, and at age 21 my arm just went dead. At that time they didn’t have Tommy John surgery, so that was it.
"They had big lawns on Cape Cod, and plenty of wealthy people, so I always had a lot of work to do. To this day, when I see some guy mowing a lawn, I say: Hat’s off to him. Because it’s not an easy job."
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As always, feel free to get in touch via Twitter (here), or email (christaylornyc@yahoo.com) -- to suggest story ideas, or to hire me to write words. Or maybe even to appear in this newsletter, if you've got something interesting to say!
Managing Partner at Viver Health LLC
1yReally nice job on these newsletters! Looking forward to the next one.
Independent mutual fund board director. Long-time women's financial literacy advocate, author, educator & keynote speaker.
1yChris Taylor - Thank you so much for keeping the conversation around what is 'Enough' going from so many interesting angles. Such a powerful topic!
Executive Leader | Corporate Strategy & Risk Management | Enterprise Resiliency | AI & Emerging Technology | Board & Regulatory Engagement
1yChris Taylor, I really enjoy the content of these newsletters - keep them coming! Good stuff.