Let’s assume that you are being paid $100,000 a year after taxes and you spend $50,000 of it. Well, if inflation hits 10% over the next year, your basket of goods will now cost $55,000 (i.e. $5,000 more) to purchase. How much does your $100,000 salary have to go up to offset this? 10%? Nope. It only takes 5% (i.e. $5,000) for you to break even. This is half the rate of inflation.
Snippets
I find it amazing how often I come across people who just miss incentive systems entirely.
For us, it’s obvious.
- Tobi Lutke, The Observer Effect: Sriram Krishnan interviews Tobi Lutke
The Internet challenged the idea of a “place” since the very beginning and has done so at an accelerated rate with the advent of AI. The platforms’ algorithm effectively sorts people into invisible towns, and channel goods and services to the towns that’d need them the most.
- Tina He, The New Frontier of Belonging
ANNOUNCEMENT
I’ve created a bundled subscription
Those of you that follow me on social media know that I love building things. I currently have a bunch of products that exist in different corners of the internet.
Some of these are subscription products. Thus far, they’ve survived separately, with independent pricing models. Today, that changes.
I’ve created a single subscription, priced at $10 per month. It will give you access to 5 separate products. This is a new monetization model that I’m experimenting with, since I think it will align well with my journey as a creator on the internet.
My plan is to keep adding products to this bundle in the future. If you subscribe today, you’ll get access to them at the current subscription price.
I’m biased, but I think it’s a steal.