Advertisements

What’s Mine Is Yours


wealthymatters

What’s Mine Is Yours: The Rise of Collaborative Consumption by Rachel Botsman and Roo Rogers is a book well worth reading.

In the 20th century humanity consumed products faster than ever, but as we now realize this way of living is no longer sustainable. This book shows how technological advances are driving forms of ‘collaborative consumption’ which will change forever the ways in which we interact both with businesses and with each other.

The average lawn mower is used for four hours a year. The average power drill is used for only twenty minutes in its entire lifespan. The average car is unused for 22 hours a day, and even when it is being used, there are normally three empty seats. Surely there must be a way to get the benefit out of things like mowers, drills and even cars, without having to carry the huge up-front costs of ownership? There is indeed. Collaborative consumption is not just a buzzword, it is a new win-win way of life.

This insightful and thought-provoking  book by Rachel Botsman and Roo Rogers is an important and fast-moving survey of the dramatic changes we are seeing in the way we consume products. Many of us are familiar with freecycle, eBay, couchsurfing and Zipcar. But these are just the beginning of a new phenomenon. Rachel Botsman and Roo Rogers have interviewed business leaders and opinion makers around the world to draw together the many strands of Collaborative Consumption into a coherent and challenging argument to show that the way we did business and consumerism in the 20th century is not the way we will do it in the 21st century. Read more of this post

Advertisements

Retirement Planning


wealthymatters.comAge is going to affect all of us differently.Some of us are going to live longer than others and in great good health.And each of us has a different idea of what would be a perfect lifestyle in our old age.Health permitting, there will always be the people who prefer to simply read or garden,others who would travel the world and the few who would pilot jets for fun.Knowing yourself and what you want and knowing your family and what they would prefer is the basis of retirement planning.

Next comes the question of when, if ever, you would like to retire.There are always the people who love what they do and  Buffett – like ‘skip to work’.The’d love to work as long as possible.However there are others who would dutifully eat their vegetables first and then treat retirement as well deserved dessert to be enjoyed at 25,35,40,45…….65 or any other age of their choice.Health and the economy however might force people to cut back irrespective of their wishes. Read more of this post

%d bloggers like this: