Reluctant Entrepreneurs: Poverty and Entrepreneurship

Reluctant Entrepreneurs: Poverty and Entrepreneurship

How does poverty affect entrepreneurship? How does running a business—paradoxically enough—keep people in the poverty trap? It’s not uncommon for the poor to run their own businesses. However, running a business seldom helps them escape the poverty trap. This is because the poor choose not to invest in their businesses because they have little means to do so. Furthermore, the poor generally don’t want to run their own businesses—they often do so because they don’t have any other options to make a living. Here’s a look at poverty and entrepreneurship.

Trading in the Zone: Book Overview (Mark Douglas)

Trading in the Zone: Book Overview (Mark Douglas)

Why do some people achieve consistent success as financial traders while others fail? Do the successful few have special insider knowledge? Better trading strategies? Astounding good luck? In his book Trading in the Zone, Mark Douglas says one factor distinguishes successful traders: a winning mindset. To achieve consistent trading success, Douglas says, we need to train ourselves to think differently, and he shows us how. Below is a brief overview of Trading in the Zone by Mark Douglas.

Breaking Your Fast: Things to Keep in Mind

Breaking Your Fast: Things to Keep in Mind

How should you break your fast? What foods should you avoid eating after ending your fast? When it comes to breaking your fast, don’t be too strict on yourself. As much as possible, opt for unprocessed or minimally processed foods. But since fasting is quite hard psychologically, you should allow yourself some treats every now and then. Here are some things to keep in mind when breaking your fast.

Intermittent Fasting: Tips for Successful Weight Loss

Intermittent Fasting: Tips for Successful Weight Loss

Does intermittent fasting really work for weight loss? How long does it take to start seeing results? Intermittent fasting is a proven weight loss strategy. Unlike traditional dieting, intermittent fasting doesn’t require you to obsess over counting calories—you simply don’t eat for a certain period of time. However, you won’t start seeing immediate results—it takes a while for the body to adapt to the IF schedule. Here are some intermittent fasting tips for successful weight loss.

How a Distributive Economy Promotes Equality

How to Create a Wealth Mindset to Change Your Reality

What’s a distributive economy? What are the dangers in entrusting the distribution of the money supply to private commercial banks? A distributive economy promotes an equitable distribution of the money supply. In a capitalist economy, the money supply is distributed by private banks, which gives banks too much power. In a distributive economy, government-backed financial institutions take the role of private banks. Here’s why we should democratize money, according to Kate Raworth.

Why Do Poor People Have So Many Children?

Why Do Poor People Have So Many Children?

Why do poor people have so many children? How do poor parents plan their family size?  Poor mothers often suffer disadvantages if they have children too early in life or if they have more children than they can afford. If they have children before they finish school, mothers tend to get less education during their lifetimes, and if they have more children than they can afford, mothers sacrifice their own health needs to ensure those children are cared for. Given these facts, Duflo and Banerjee point out two factors that affect the poor’s reproductive decisions. Here’s why the poor have

Loonshots: Book Overview and Key Takeaways

Loonshots: Book Overview and Key Takeaways

What is Safi Bahcall’s Loonshots about? What is the key message to take away from the book? In his book Loonshots, Safi Bahcall argues that innovations as wide-ranging and world-changing as radar, insulin, and computer animation all share a similar trajectory: They began as flawed, incredibly fragile ideas. They were repeatedly shot down or ignored, and if not for a lot of luck and persistence, they would never have made it. Bahcall’s big idea is that it’s possible to deliberately and systematically nurture loonshots. Below is a brief overview of Loonshots by Safi Bahcall.

Why Is the Trading Failure Rate So High?

Why Is the Trading Failure Rate So High?

Why is the trading failure rate so high? In principle, is it possible to predict the market with absolute certainty if you have all the necessary tools? The financial market gives us ample opportunity to generate money. Yet, most people struggle to make the gains they want. The crux of the problem is that they don’t fully understand how the market operates. Most traders rely on either technical or fundamental analysis (or both) to try and predict the market, but they’re insufficient preparation for consistently successful trades. Here’s why conventional market analysis strategies fall short.

The Amygdala’s Function: Psychology 101

The Amygdala’s Function: Psychology 101

What is the function of the amygdala? What behavior does the amygdala govern? The amygdala is a little almond-shaped structure located in the brain’s medial temporal lobe. Its main function is to respond to threats, whether real or perceived. The amygdala activates very fast, often overriding logic and rationality. Here’s a look at the amygdala’s function and the psychology behind its workings.