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Solve my World

by Joseph

Designing solutions to the problems in our personal lives and in the world!

Copyright: Joseph

Episodes

Retirement or Financial Freedom

26m · Published 22 Apr 12:55

The cultural norm is currently that we work until 65 and then retire. This is looked at as everyone’s dream, work hard your whole life so that you can retire at 65 and just relax the rest of your life.


Is this really what we want and for that matter, is it what actually happens?


https://www.marketwatch.com/story/more-people-are-returning-to-work-after-retiringand-theyre-happy-about-it-2020-01-31


Many people are returning to work after “retiring” sometimes several times.


So if the holy grail is that we can give up working at 65 then why do so many people continue working long past that?


I believe that we all want to find meaning in our lives. Working is a way that we help others and contribute to the world. If this is true, why would we ever want to stop?


I think the reason the idea of retirement is so appealing is because when we “retire” it means that we no longer have to work, any working we do after that is a choice.


Once we don’t feel like we have to work, any work we do is much more enjoyable and fulfilling.


So why do we need to wait until 65 to get to this point?


We don’t!


Let’s change our mindset, instead of focusing on retiring sometime in the future, what if we focused on becoming financially independent as soon as possible.


What is financial independence? I define it as when you have enough money, or passive income, that if you decided that you didn’t want to work tomorrow, you wouldn’t be stressed about it, at least not from a financial perspective. 


Maybe this means that you could start working part time at your current job and still have enough money to get by for a year while you worked on a side-business you’ve always wanted to do.


Maybe it means that you can take a lower paying job that gives you more meaning and still be able to support your family.


Maybe it means you can simply work for non-profits the rest of your life with no pay.


Maybe it's just taking a year off from your current employment


The point is that you are free! If you don’t want to go to work you don’t have to! You only work when and on what you want to!


It might take you until your 65 to get to that point but it also might only take you until you’re 30 or anywhere in between. 


So how do you become financially independent? Good question!


I’m not anywhere close right now but it is my goal to get there as soon as possible.


A few tips I’ve heard from people who are financially independent:


Start saving... a lot! Many people start saving as much as 50% or more of their income. Just think, if you saved 50% of your income, you would technically only need to work half the year!


If you save 50% for 5 years think of how much money you would have!


Invest wisely, investing is a great way to increase your savings at a faster rate, but remember that if you aren’t getting good advice and really researching and learning about investments you could very easily lose a lot of money. 


You will probably lose money on many of your investments but you want to learn from your mistakes and get better over time.


Either increase your income or decrease your spending or both! This allows you to save and invest even more.


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Organizing

26m · Published 14 Apr 02:00

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A place for every thing and everything in its place -Benjamin Franklin

Start big picture. Instead of finding a specific place for everything find a home for categories of things. Food in the pantry, dishes in this cupboard, pots and pans in this one.

Once you have the basic areas for things you can start to organize each area more specifically. Canned goods here, fresh stuff there, etc

No point in starting with the specifics when often you end up changing it all around anyway.

When organizing an area, make sure that you only get out enough stuff that you will have enough time to put it all away.

Ask yourself if it’s worth finding a place for the thing/storing it. If not, decide if you want to sell it, recycle it, give it away, or throw it away

Have a place for homeless items

Pick one area and anything that is not in its home:

  1. If it has a home, put it there
  2. If it doesn’t then if you can think of one in less than 30 seconds then do that and follow step 1
  3. If you can’t think of a place right away, put it in the homeless area.

Homes:

Make it easy to put away. If you want something, you will take the time to get it but if it’s hard to put away then you often just stick it somewhere

If you’re not sure where something should go, ask yourself “if I needed this, where would be the first place I would look?” Usually this is a good indicator of where it’s home should be.

The more frequently you use something the more convenient it should be to get it out. If you only need something a few times a year, you can put it in an inconvenient spot but if you use something every day it should be easy to get to.

If you use things together, think about putting them close by

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Gum Chucks! The Best Way to Floss! (No Really)

15m · Published 10 Apr 14:30

Leave some feedback or ask a question

https://youtu.be/qpX3YxM2YvU

https://gumchucks.com/

“According to the American Dental Association, you should floss at least once a day in order to maintain optimal oral health and prevent gum disease. If your gums are really healthy, flossing every other day or 3-4 times per week is fine. If you ever see any blood on your floss, just increase your frequency of flossing until any bleeding stops.”

https://www.brigliadentalgroup.com/blog/oral-hygiene/how-often-should-you-floss-your-teeth/

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Design a Stable Currency (No Inflation or Deflation)

34m · Published 11 Mar 12:00

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https://steemit.com/cryptocurrency/@littlejoeward/cryptocurrency-with-little-to-no-inflation-or-deflation

Purpose of Money (To store the value of our working time)

Attributes of a good currency

  • Transported
  • Spent
  • Hold Value
    • Problems with Inflation
      • Money loses value over time
    • Problems with Deflation
      • New users to the system are penalized
      • Hoarding is encouraged, potentially leading to a deflationary spiral

How to create a true stable coin (Match Supply with Demand)

Tie to the worth of human time

  • Money represents our working time so the value should follow human working time.

Design of System

Stable Coin - Tempus (Time)

  • Maintains stable value in relation to human work time
  • Users mint new coins by proving they are human and spending time

Shares

  • When new coins are minted, a percentage goes to shareholders.
  • New shares are created (5% annually) and sold for tempus that is burned

Increasing supply

  • Users mint new coins by proving they are human and spending time
  • For every new coin minted by users, a percentage is also minted and given to shareholders (or perhaps just used to buy and burn shares?)

Decreasing supply

  • Steady rate of burn (In theory, if there is a constant rate of burn then we should avoid the “death spiral”)
    • Inflate shares to buy and burn tempus

Proof of Human Work

  • Captcha market (I don’t really like this idea but it’s the best I’ve got so far)
    • captchas that prove you are human
    • Users are given a random captcha to prove they are human and mint new tempus
    • captcha developers get paid with bonds that mature at a later date (1 year?) and can be seized if the captcha is shown to be cheating the system
    • Bounties for discovering cheating users/ captchas
    • captchas must burn tempus to be listed/they must pay users out of pocket for an amount of time (1 Year)
  • Maybe try to determine the value by analyzing the fees people pay
  • Some other way to find how much people value their time

https://docs.google.com/document/d/1y3KQjNfxk73xKQQEx3uLIuglmGEp5TeRTJAu13lhHSs/edit#

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Easy Budget

43m · Published 09 Mar 12:00

Leave some feedback or ask a question

Recurring:

Expenses that happen on a regular basis that you are committed to pay

Reserve:

Expenses that you know will happen but you're not sure exactly when or how much they will be.

Discretionary:

Everything else

Steps:

  1. Take your income
  2. 10% for charity
  3. 10% for investing
  4. Fund recurring items
  5. Take 10% of what is left for reserve
  6. The rest goes to discretionary income

Track your expenses and subtract them from your saving categories

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Pick a Person

12m · Published 06 Mar 13:00

This algorithm is designed to select a random participant from a group by having each participant select a random number.

This allows for a decentralized and tamper proof way to select a random participant.

Following is a brief explanation:

Each Participant picks a number between 1 and the number of participants.

You then take the sum of the numbers and get the remainder after dividing by the number of participants.

The remainder is the participant that is selected. (remainder 0 is the last participant)

To see an example of a single round click here.

To run a test to see if the algorithm is truly random
click here.


https://github.com/littlejoeward/group-randomizer

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How Does Money Work?

29m · Published 04 Mar 13:00

A currency is simply a type of commodity that's use is facilitating trade

A good currency needs:
The ability to be transported easily
The ability to spend easily
The trust of people that it will hold value in the future.

You don't need to tie a currency's value to another commodity

Original Article

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How to Change Your Mind (and flat earth theory)

1h 10m · Published 02 Mar 13:00

How to disagree productively and find common ground | Julia Dhar

Leave some feedback or ask a question

We all have opinions on how we think the world works

What are the chances that you are right with all of them?

Your chances will actually increase if you are actively changing your mind to be more correct over time.

Ask yourself, what would it take to change your mind

This opens you up to the possibility of being wrong

This doesn’t mean the you should change your mind all the time

Sometimes you are right, you just need to give equal weight to your opinion as to others’ opinions.

Just because you hear something new doesn’t always mean you need to change your mind right away

There are reasons people (or you) believed the things that they do. Take that into account

Sometimes the reason is ignorance. In this case when you learn something new it can change your mind

Most of the time there is a counter argument, find out what the counter argument is and the counter argument to that argument.

Most issues have been debated back and forth enough times that there are good arguments and counter arguments for each issue

Usually it comes back to where your worldview originates and what is most important to you.

Flat Earth Theory

What would it take? There would need to be a convincing set of arguments to explain the natural phenomena we experience.

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Pocket: Saving Articles to Read Later

17m · Published 29 Feb 02:13

Leave some feedback or ask a question

http://getpocket.com

Use share feature to instantly save articles

Read at your leisure

Offline mode

Article View

Text-to-speech

Easily Share

Tags (open to the “not tagged” page)

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Pocket: Saving Articles to Read Later

17m · Published 29 Feb 02:13

Leave some feedback or ask a question

http://getpocket.com

Use share feature to instantly save articles

Read at your leisure

Offline mode

Article View

Text-to-speech

Easily Share

Tags (open to the “not tagged” page)

--- Send in a voice message: https://anchor.fm/solvemyworld/message

Solve my World has 63 episodes in total of non- explicit content. Total playtime is 22:52:34. The language of the podcast is English. This podcast has been added on November 25th 2022. It might contain more episodes than the ones shown here. It was last updated on April 10th, 2024 13:43.

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