Snacks Daily
Snacks Daily
Nov 24, 2020
“Needed more Lizzo juice” — Snapchat launches TikTok+. Reebok’s $4B fail. Warner Music’s muted money.
Play • 18 min

In the biggest social media launch of 2020, Snapchat zucked TikTok… but kicked things up nine notches (you’re not a viewer, you’re a voter). Adidas bought Reebok for nearly $4B 15 years ago and is now trying to sell it for a quarter of that (what happened?). And Warner Music Group is part Spotify, part Live Nation, part Coldplay. 

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How to Money
How to Money
iHeartRadio
The Real Reason to Avoid Debt #308
Just a few years before he died, author David Foster Wallace gave a now-famous commencement speech at Kenyon College. Here’s a small snippet of what he said. “There are these two young fish swimming along and they happen to meet an older fish swimming the other way, who nods at them and says ‘Morning, boys. How's the water?’ And the two young fish swim on for a bit, and then eventually one of them looks over at the other and goes ‘What the hell is water?’” Wallace then went on to argue that we tend to live our lives according to values and rules that are hard to see. Similarly, we live in a culture that pushes us to go into debt for everything! It’s the message we are constantly bombarded with - it’s the water we swim in. So on today’s episode we’re going to push back on that line of thought and give the real reasons we should all be striving to avoid debt. During this episode we both enjoyed a EMO-J by Heist Brewery in Charlotte NC. And as we’ve kicked things off with a bang in 2021, we could really use your help to spread the word- let friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money in these difficult times! Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
39 min
ChooseFI
ChooseFI
The Unstuck Network
288 | Mad Fientist
* Should you rush to reach FI? Or use it as a map in a lifelong pursuit to master your relationship with time, money, and happiness? Brandon, from the Mad Fientist, wishes he would have found more free time to work on other goals while on his journey to FI. * When Brandon was first on the show four years ago, he had just reached FI and discussed the psychological hurdles he had to overcome. What's changed for him since then, and with the benefit of hindsight, what would he do differently? * Brandon's dream as a child was to write music and put it out in the world. However, his musical tastes are not mainstream, so becoming a pop star was never one of his ambitions. * He did not want to just be a consumer, he wanted to be a creator and always felt that it was his job that was holding him back. * It wasn't until after reaching FI that he realized it wasn't was what holding him back at all. He had been spending his free time on things like television on travel instead of his music project. * His problem was psychological. As a math and science guy, he didn't believe he could do it. Trying meant the risk of failure, and if he failed, the dream would be gone. It took Brandon two years to come to grips with and get over that hurdle. * During his pursuit of financial independence, Brandon has tunnel vision, with all his time and effort devoted to making and saving more so that he could reach FI more quickly. The result was a decrease in his overall happiness. * He admits that he did it wrong. The whole point is to master the relationship between money, time, and happiness. Mastery is probably better to focus on over goals. * Goals delay your happiness because you are always looking to the future instead of enjoying the present or the journey. * Reaching FI for Brandon didn't have an impact on his life other than making him more confident that he could step away from his job. * Motivating yourself to do something is hard when you don't have any sort of external motivation to do it. * In 2017, Brandon wanted to do two things: get better at songwriting and get fit. * The personal trainer he was working with asked him how much he wanted to bench press or how much muscle mass he wanted to put on. Those were goals Brandon didn't care about. With his mastery mindset, he only wanted to get healthy and stay healthy. * In contrast to getting fit, his specific goal for songwriting was to write a song and share it with his brother. When he finished it, not only was it awful, but the whole process was awful and it caused him to quit pursuing any additional songwriting until he summoned up the courage again in 2019. * Pursuing mastery may be summed up by asking, “Am I better today than I was yesterday?” Continuing to answer yes is pursuing mastery. * Brandon found it to be true that doing something consistently changes who you are. He never felt like a musician until he was doing it for 25 hours a week. * He still feels like his triangle is skewed toward money at the expense of time and happiness so he has been trying to figure out how to use money to get more time or increase happiness. * For example, he wrote eight songs and wanted to get them to sound as great as possible, so he hired a Grammy award-winning sound mixing engineer to help mix his album. He was able to both learn and make a better final product. * He doesn't want to waste money but does want to figure out how to use it efficiently and maximize the triangle of money, time, and happiness. * There's a lot of unconscious spending in society that doesn't really bring happiness either. Getting on the path to FI helps you sort out the equation a bit more. * We're terrible at knowing what will make us happy. That's where experimenting comes in. Experiment with your spending and your activities. What still feels good a week later versus ended up being meaningless. * It's okay to spend money sometimes as long as you do it from a place of value. If you are in a deprivation zone, one thing that helped Brandon was to relax for two years with respect to his spending. If it was something he and his wife wanted to do, they did it. At the end of the year, although it felt like they had lived an extravagant life, they spend just $3,000 more than normal. * In the deprivation zone, you are testing the lower limits. You can test the upper limits and then hopefully find the sweet spot. It's difficult to find where the sweet spot is for you without testing the limits. * Once you have the bigs things taken care of, the little ones don't seem to matter. Brandon had already limited his large structural recurring expenses. What he had given himself latitude with were the everyday one-off decisions that in aggregate, turn out to barely move the needle of his finances. * Brad and his family have anchored themselves to a $2 per person per meal per day rule. It helps them to apply intentionality to their meal planning. He thinks it's better to try and optimize and then dial it back if gets to be a little too much than continue to go through life being unaware. * Brandon is an introvert, so announcing publicly that he is releasing his first album is a big deal. * Back when he wasn't making progress because he wasn't putting the time in, he talked his brother into going to a park and playing a show. The thought of doing it was scary, but he already knew what it was like not to it. He wanted to know what the world would be like if he did do it. * While playing in the park, a man slipped Brandon his email address. It turned out he source talent for a music festival in Scotland and asked if they wanted to play at it. * Brandon taking that chance in the park reminded Brad of a quote by Scott Young, “Your deepest moments of happiness don't come from doing easy things. They come from realizing your potential and overcoming your limiting beliefs about yourself”. * Both financial independence and the pursuit of financial independence allow you to begin building armor. Failure is good. You have to be bad at something before you are good at it. * FI definitely helped Brandon build his armor. He didn't have anyone to answer to or worry about stumbling across what he was doing. * He also uses an alter ego for his work in the financial space, as well as another for his music. * Something that Brand did to progress with his music was conduct an ultralearning experiment. He took three months where he blocked out all other activities competing for this attention to do the thing that he wanted to do, which was write songs. * He committed to devoting 25 hours a week and built spreadsheets of prioritized tasks. He says it is the only reason he succeeded. He focused on the hours and the effort and then by-product comes out of it. * For others just trying to get started learning, Brandon thinks copying what you love is a great place to start. Your unique set of influences is enough to make what you do unique. * The unique skills each of them possess is what lead to this very podcast. Brad being a CPA with a travel rewards website is what got him a guest spot on Brandon's podcast. Then Jonathan heard the podcast and discovered both Brad and he lived in Richmond, which lead him to first contact Brad. * Every good idea comes out of a bad idea, or an okay idea, or even a mediocre idea. You do not need to get it right the first time. The fact that you are willing to try gives you the opportunity to get feedback and iterate into something amazing. * Brandon's album is available for just $5! You can pre-order your copy at ChooseFI.com/album. Resources Mentioned In Today's Conversation * ChooseFI Episode 017 Mad Fientist and Origin Story * James Clear “Forget About Setting Goals. Focus on This Instead.“ * Ultralearning: Master Hard Skills, Outsmart the Competition, and Accelerate Your Career by Scott Young If You Want To Support ChooseFI: * Earn $1,000 in cashback…
1 hr 7 min
a16z Podcast
a16z Podcast
Andreessen Horowitz
Developers as Creatives
The rise of developers -- as buyers, as influencers, as a _creative_ class -- is a direct result of "software eating the world", and of key shifts in IT from on-prem to cloud & SaaS to the API economy, where application programming interfaces are essentially building blocks for innovation. Developers therefore not only play an outsized role in high-performing tech companies -- but managing and motivating them is actually critical in ALL companies, since every company is a tech company (whether they know it or not). As every industry turns digital, and a company's interface to their customers IS software, "asking" one's developer is the key to solving business problems and to thriving not just surviving, argues Jeff Lawson, CEO and co-founder of cloud communications platform-as-a-service company Twilio, in his new book, _Ask Your Developer: How to Harness the Power of Software Developers and Win in the 21st Century._ So in this episode of the a16z Podcast in conversation with Sonal Chokshi and David Ulevitch (who previously argued "the developer's way" is the future of work), Lawson shares hard-earned lessons learned, mindsets, strategies, and tactics -- from "build vs. buy" to "build vs. die", to the art and science of small teams ("mitosis") -- for leaders and companies of all sizes. But what does it mean to truly treat developers as creatives within an organization? What does it mean to be "developer first"? And how does this affect customers, product, go-to-market? All this and more in this episode.
33 min
Journal of Accountancy Podcast
Journal of Accountancy Podcast
Journal of Accountancy
The latest advice on PPP loans
Accountants played a crucial role in helping millions of organizations, most of them small businesses, receive $525 billion in Paycheck Protection Program loans last year. Now, the PPP is back and businesses will again be looking to CPAs for advice and assistance in accessing the program, which provides forgivable loans that borrowers can use for payroll and other essential expenses as the COVID-19 pandemic continues to roil the economy. What do CPAs need to know about the new PPP? How is it different from the program that ran for five months before its loan application window closed in August? And what should accountants be doing to help businesses access the $284 billion available in the PPP’s second iteration? Those topics and more are addressed by Erik Asgeirsson, president and CEO of the AICPA’s business subsidiary CPA.com, and Lisa Simpson, CPA, CGMA, the AICPA’s vice president–Firm Services. What you’ll learn from this episode: * When lenders can start submitting PPP loan applications to the U.S. Small Business Administration. * Details about the new PPP second-draw loans. * Why many banks won’t be submitting PPP applications at the beginning of the application period. * What the AICPA has been doing to support the accounting profession with the PPP over the past nine months. * Why it is important for PPP borrowers to have two paths they can take in pursuing a second-draw PPP loan. * More information about the CPA Business Funding Portal (see link in resources below). * What CPAs can do to help businesses prepare for increased SBA scrutiny of PPP loans. * The importance of helping businesses know their E-Tran number from their first PPP loan. * Why firms will play a more important role in the second round of the PPP. * The importance of keeping the intent of the PPP in mind when choosing the accounting method for calculating the decline in gross receipts to determine whether a business qualifies for a second-draw loan. * Whether a business seeking second-draw PPP loans must spend all its first-draw PPP loan before the second-draw funds are disbursed. * That some banks may require PPP borrowers to file for forgiveness on their first loan before processing a second-draw application.
20 min
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