The World's Best Book Summaries
What is baby step 1 of the Total Money Makeover program? What is an emergency fund? Baby step 1 is to create a $1000 emergency fund. This emergency savings is an essential backup as you work through the Total Money Makeover program. Read more about baby step 1 of the Total Money Makeover program.
What does it mean to be denying racism? What does “colorblind racism” mean? The issue of denying racism is that you claim, “I don’t see color” instead confronting the issue. You cannot ignore the problem of racism by ignoring the idea of race. Read more about colorblind racism and how it relates to the issue of denying racism.
What are technology disruptors? What scenarios create the best environment for tech disruptors? A technology disruptor is a new product that changes up the market. Instead of building on something existing by moving to the next phase of the product life cycle, technology disruptors create a new market that competes on all phases of the product life cycle. Read more about technology disruptors and how they work in the context of product life cycles.
What is a market disruptor? How does disrupting markets provide an advantage to innovators? A market disruptor is an innovation that can shake established industry leaders. The strategy of disrupting markets can help those that pioneer new technologies. Read more about what a market disruptor is and how it can affect an established company.
What are the origins of racism? Do we understand where race-based discrimination started? The origins of racism require understanding when the idea of race came to be. The way modern society thinks of race is a concept that started in the 16th century and it was used to rationalize killing indigenous people and kidnapping black Africans. Read on to better understand the origins of racism and race.
What are Dave Ramsey’s tips for financial health? How do Dave Ramsey’s tips help you overcome obstacles? Dave Ramsey’s tips are focused on a variety of issues related to controlling your money. Total Money Makeover identifies the obstacles you need to overcome to get on the path to financial health. Read on for more about Dave Ramsey, tips for financial health, and the obstacles that may be in your way.
What is the relationship between Jim Crow laws and housing? How do Jim Crow laws’ housing penalties further the racial divide? Under Jim Crow laws, housing penalties increase the impact of mass incarceration. Without access to public housing, there is a greater risk of recidivism. Read more about Jim Crow laws, housing penalties, and other financial penalties.
What is oversupply? How does performance oversupply create opportunities for disruptive innovation? Oversupply, specifically performance oversupply, is an excess of features for a given product or industry. Established firms may commit to these top-tier products that provide more performance than customers care about. Read more about performance oversupply and the opportunities for disruptive innovation.
What are sustaining innovations? How does sustaining technology help existing companies? Sustaining innovations are technological improvements that build on what already exists. Sustaining innovation examples include improved models of computers or phones—the market is the same but you might capture a greater share. Read on to understanding sustaining innovations.
What is the myth of individualism? How does the individual perspective prevent people from seeing the realities of society? The myth of individualism is the mistaken belief that everything we get is earned. Understanding societal prejudices, privileges, and luck challenges this myth. Read more about the myth of individualism.