Juliet Schor on the Bloomberg Businessweek podcast talks about her new book After the Gig.

“When the “sharing economy” launched a decade ago, proponents claimed that it would transform the experience of work—giving earners flexibility, autonomy, and a decent income. It was touted as a cure for social isolation and rampant ecological degradation. But this novel form of work soon sprouted a dark side: exploited Uber drivers, neighborhoods ruined by Airbnb, racial discrimination, and rising carbon emissions.”

CNBC: “Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S. economy continued to climb its way out of the pandemic downturn.”

“That left employment down 11.5 million from pre-pandemic levels.”

Noah Kagan was employee #30 at Facebook, #4 at Mint, and worked at Intel and is the man behind the Sumo Group.

In this video, he breaks down in surprising detail how he made $1,000,000 in 2019.

Sydney Jones, writing for I Will Teach You To Be Rich:

C- Cut Costs

E- Earn More 

O- Optimize Spending 

“Traditional advice about saving money only focuses on restricting. By looking at other ways to improve your finances, such as earning more and optimizing your spending, you open up a plethora of new avenues for saving more.”

The American Association of Individual Investors held a video chat earlier this week with Larry Swedroe.

For those that don’t know, Swedroe is one of the original Bogleheads.

Kate Dore: “Over a third of Americans have used Buy Now, Pay Later, according to a new report from The Ascent. These services have become particularly in-demand for online shopping amid the pandemic.”

In one particular case study, Klarna revealed that by using its Buy Now, Pay Later services, they helped Gymshark increase its basket size by 33%.

POF: “She probably puts in 50 to 60 hours a week or more on the job. And yet, if she doesn’t have an active side hustle, she’s probably been thinking about starting one.”

Larry Keller: “For comparison purposes, the cost for $4,000,000 of 30-Year Level Premium Term Life Insurance for a 35-year-old male in New York State obtaining the best underwriting classification would be approximately $2,952 annually. Using the “laddered” example above, the annual premium would be reduced to approximately $2,058, providing similar protection with an annual savings of $894.00 or approximately 30% less than purchasing coverage with long-term guarantees that might not be needed.”

“A 2018 Schwab financial literacy survey of the money attitudes of young adults demonstrated that young women were half as likely as young men to have an investment account,” writes Carrie Schwab-Pomerantz.

“Like so many things, I believe it comes down to taking the mystery out of investing. Often, the more we know about something, the less intimidating it is. So for those of us in positions to support financial education — financial planners, educators, employers and parents — the first line of offense is to get the information out there.”

“Student loan forgiveness has been a hot topic on the campaign trail and in the halls of Congress. From Sen. Bernie Sanders (I-VT) wanting to forgive all $1.6 trillion of student loan debt to Sen. Elizabeth Warren (D-MA) proposing to forgive student loans for 95% of Americans.”

But can a president cancel student loan debt?

“While the Education Department can cancel federal student loans due to death, disability or fraud, for example, others argue that a broad-scale student loan forgiveness plan would need congressional legislation based on a separation of powers argument.”