Where are you on this scale? 1. In “The Three Levels of Wealth,” Ben Carlson tries to determine where most Americans might find themselves on Stewart Butterfield’s scale: Level 1. I’m not stressed out about debt: People who no longer have to worry about their credit card debt or student loans. Level 2. I don’t care what stuff costs in restaurants: How much you spend on a particular meal isn’t impacted by your finances. Level 3. I don’t care what a vacation costs: People who don’t care how expensive the hotel is or which flight they go on. Ben shares some interesting charts with his readers, including this one: “According to the Federal Reserve, as of 2016, the average net worth of American families is just shy of $100,000. But the median wealth for the top 10% is over $1.6 million while the top 1% holds almost 40% of the country’s wealth. The Fed also broke out the net worth figures by various percentiles: A view of the generations 2. An oldie but goodie on Thematic Investing | Future Reality, by Bank of America: People in the wild are different from people on paper 3. Real World Knowledge vs. Book Knowledge by Morgan Housel Bonus if you’re still reading this post Bored? Let's play a game! Retweet once you see the cat. I swear this is not a trick. It's there in full plain sight. pic.twitter.com/kE6NwKgNwt — Michael Clarke (@Mr_Mike_Clarke) August 4, 2018 SAGE Serendipity: Are you one of those people who covet the same seat in the meeting room, or hate when someone’s in your favorite booth at a restaurant? Quartz.com’s Creature of Habit column, The psychology behind why you always want to sit in the same seat, will help explain your quest for personal territory.
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