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☆ Harvard prof who spent 10 years studying retirees: To ease into 'a satisfying retirement life,' ask yourself 1 question
▼ + stars: | 2024-11-22 | by ( Teresa M. Amabile | ) www.cnbc.com time to read: +5 min

DON'T MISS: The ultimate guide to negotiating a higher salary If you want to have a smooth transition into a satisfying retirement life, there are many questions you can ask yourself — chief among them, "Do I have enough money saved?" Be honest: Would you say work is what you do, or who you are? Now think about the aspects of your pre-retirement self you'd like to carry over into your retirement life in some way. If you can do that honestly, you're more likely to find a satisfying retirement on the other side. Teresa received her Ph.D. in psychology from Stanford University, and she is the co-author of "Retiring: Creating a Life That Works for You."

Persons: —, Irene, she'd, Victor, Jay, Teresa M, Amabile, Edsel Bryant Ford, Teresa Organizations: Harvard Business School, Edsel, Business Administration, Stanford University Locations: Cape Cod

☆ Sam Altman says there was a 'simple' reason OpenAI ditched the nonprofit approach
▼ + stars: | 2024-11-21 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

AdvertisementOpenAI shifted away from being a nonprofit to attract more capital, says CEO Sam Altman. OpenAI needed more funding to scale its AI research efforts, he said in a recent interview. OpenAI's $6.6 billion funding round came with some strings attached: it has 2 years to become a for-profit entity. Altman said that scaling its AI models was a major factor in OpenAI's eventual move toward a profit system. Scaling AI models and providing the data centers and chips necessary to train them to be smarter than the previous interaction is highly expensive.

Persons: OpenAI, Sam Altman, Elon Musk, Altman, OpenAI's, — Organizations: Harvard Business School, Harvard

☆ 'Moana' star Auli'i Cravalho says she kept deferring her Columbia place so the acting 'train' didn't come to a 'halt'
▼ + stars: | 2024-11-20 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

AdvertisementAuli'i Cravahlo told "Podcrushed" about deferring a Columbia University place in favor of her career. Auli'i Cravalho, the voice of Moana, said she decided to pause her education aspiration over fears her acting career would lose steam. Cravalho began her acting career at 14, debuting as Disney's first Polynesian princess in 2016's "Moana." Still, Moana is her most popular role as she prepares to return the character in "Moana 2," which is out next week. Cravalho told Scary Mommy and The Cut last year she now has to reapply to Columbia because she deferred her place too many times.

Persons: Auli'i Cravahlo, Glen Powell, Anne Hathaway, Auli'i Cravalho, Moana, Cravalho, Scary, she'd, I'm, Jake Gyllenhaal, Timothée, Powell, Kevin Mazur, YouGov, Gen, Joseph Fuller Organizations: Columbia University, Walt Disney Studios, Columbia, University of Texas, New York, National Center for Education Statistics, Deloitte, Business, Harvard Business School Locations: Moana

☆ Starbucks Exec Quit to Launch a Rum Brand, 3 Tips for Success
▼ + stars: | 2024-11-17 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

AdvertisementMarc Farrell became Starbucks' youngest vice president at the age of 33. He left to launch his rum brand, Ten To One, which counts Howard Schultz as an investor. AdvertisementMarc Farrell left behind his role as Starbucks' youngest VP to launch his own rum brand. On the surface, a global coffee giant, and an up-and-coming rum brand don't seem to have much in common. Don't wait until the product is perfectAt Starbucks, Farrell was he was very well paid and great colleagues and mentors.

Persons: Marc Farrell, Farrell, Howard Schultz, Jack Sparrow, Marc, Kwesi Farrell, Gabrielle Wesley, Schultz, Ciara Organizations: Starbucks, Mars, Harvard Business, Michelin Locations: Trinidad and Tobago, Mars Wrigley, America, Caribbean, Seattle, Trinidad, Korean, New York City

☆ Elon Musk downsized Big Tech. Can he do the same to Big Government?
▼ + stars: | 2024-11-17 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +11 min

And to run the new cost-cutting department, Trump tapped the businessman he calls the world's "greatest cutter" — Elon Musk. If you're looking to take a chainsaw to the federal government, Musk seems perfectly suited to the job. When it comes to federal spending, one person's waste is another person's bread and butter. And his massive investments in electric vehicles and social media are dependent on all sorts of federal spending and oversight. Musk has acknowledged that Americans will feel "hardship" as a result of the cuts he wants to see implemented.

Persons: Donald Trump, Trump, Elon Musk, Musk, cochair, Vivek Ramaswamy, Ronald Reagan —, There's, Michael Morris, Morris, it's, Andy Wu, Linda Bilmes, Ronald Reagan, Joel Friedman, Brian Hughes, DOGE, Reagan, Ramaswamy, It's, Sam, Uncle, Elon Organizations: Department of Government, Twitter, Tesla, SpaceX, Defense Department, IRS, Columbia Business School, Harvard Business School, Government, Harvard Kennedy School, Office, GAO, Fox News, Budget, Federal Aviation Administration, Veterans Administration, — Locations: Ecuador, Independence

☆ Harvard Business School professor says this is the No. 1 'misconception about failing'
▼ + stars: | 2024-10-30 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +2 min

"It's gonna sound weird, but success for me was failing," she told CNBC Make It. But why failing can lead to better future outcomes is generally misunderstood, says Amy Edmondson, a professor at Harvard Business School and author of "Right Kind of Wrong: The Science of Failing Well." "There's one really important misconception about failing, which is that failure and mistake are the same thing," she says. If you're pursuing a new hobby or switching into a different role at work, know that failure is likely ahead. A productive failure meets four criteria, Edmondson says.

Persons: Jeff Bezos —, Gabby Douglas, Amy Edmondson, Edmondson Organizations: CNBC, Harvard Business School

☆ Brian Chesky breaks down what people get wrong about 'founder mode'
▼ + stars: | 2024-10-29 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

"Founder mode" is not about "swagger," says one of the founders who popularized it. Here's what he says most people get wrong about "founder mode" and how he actually defines it. AdvertisementBrian Chesky helped popularize the term "founder mode," but he says some people have gotten it twisted. The term "founder mode" was popularized in September by Y Combinator founding partner Paul Graham, who wrote that Chesky inspired it. "First of all, people don't know what founder mode is," Chesky said on the podcast.

Persons: Brian Chesky, —, Y, Paul Graham, Graham, Chesky, Airbnb, Mark Zuckerberg, aren't, Steve Jobs, Walt Disney, Elon Musk, Jony, Hiroki Asai Organizations: Service, Apple, Harvard Business School Locations: Airbnb

☆ The end of American careerism
▼ + stars: | 2024-10-28 | by ( Aki Ito | ) www.businessinsider.com time to read: +13 min

AdvertisementClimbing the corporate ladder was once the cornerstone of the American dream. Maybe that's why earlier this year, a young New Yorker struck a chord on TikTok when he vowed to "descend the corporate ladder." Eventually, he got promoted into a corporate office role, and that opened up even more opportunities for advancement. "That was a betrayal from a company I had been incredibly dedicated to," Zack told me. Besides, the dream of climbing the corporate ladder was probably never as great as it seemed to be.

Persons: Zack, I'm, I've, Randstad, James Yates, Dell, careerism, Benjamin Franklin —, Shoshana Zuboff, James, he's, who's, Gen, Xers, Gen Zers, Michel Anteby, Aki Ito Organizations: New Yorker, Industrial, . Companies, Harvard Business School, BI, Professionals, Gallup, Boston University, Business Locations: United States, Italy, Spain, New Zealand, New, America

☆ Use this 4-point checklist to fail productively: Mistakes can teach you 'what the path looks like,' HBS professor says
▼ + stars: | 2024-10-26 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

Before Jeff Bezos molded Amazon into the world's most profitable online shopping platform, he launched zShops. Formerly called Amazon Auctions, the program allowed third-party sellers to list their products on Amazon. These efforts did, however, lead to the development of Amazon Marketplace, which houses 2.5 million third-party sellers. But not just any kind of failure — productive failure. A productive failure "taught you something about what the path looks like by saying, 'Hey, guess what?

Persons: Jeff Bezos, Bezos, Amy Edmondson, Edmondson Organizations: Amazon, Harvard Business School Locations: zShops

☆ Boeing's new CEO is taking on the ultimate management test
▼ + stars: | 2024-10-26 | by ( Tim Paradis | Taylor Rains | ) www.businessinsider.com time to read: +8 min

Boeing's still-new CEO, Kelly Ortberg, faces urgent challenges, including a worker strike. Ortberg is focusing on communication, trust, and future innovation at Boeing to get the company on the right path. Ortberg, in a letter released to employees along with the company's third-quarter results, said Boeing's customers want — and need — the company to succeed. "With the right focus and culture, we can be an iconic company and aerospace leader once again," he wrote. "When you feel that the CEO is with you, and the CEO is feeling your pain, it makes it more tolerable and provides hope for the future," Franklin said.

Persons: Boeing's, Kelly Ortberg, Ortberg, —, we've, Bill George, George, he's, Rosalind Franklin, Boyden, Franklin, Jeffrey Sonnenfeld, who's, Mary Barra, Alan Mulally, Sonnenfeld, haven't, Richard Aboulafia, they're, Aboulafia Organizations: Boeing, Service, Harvard Business School, Yale School of Management, Yale's, Leadership, General Motors, Ford, GM Locations: Seattle

☆ Mark Cuban: People with these 3 skills will be most successful in the future job market
▼ + stars: | 2024-10-24 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

To navigate this change — and maybe even new job requirements — Mark Cuban says you'll need to be curious, agile and adaptable. And yet, "it's a skill that can be rare to find," Joseph Fuller, a professor at Harvard Business School, recently told CNBC Make it. Honing these three soft skills — curiosity, agility and adaptability — will never stop paying dividends for your career, Cuban adds. "The skills you need for a job today, 10 years, 100 years from now, are always the same," he says. Sharpening your curiosity skills will help you come up with stronger solutions to work problems faster, she added.

Persons: — Mark Cuban, Aneesh Raman, Joseph Fuller, —, Barbara Pécherot Organizations: Economic, CNBC, LinkedIn, Employers, Harvard Business School, Arizona State University's Thunderbird School of Global Management

☆ Robinhood's cofounder has joined the rapidly growing commercial space race, and wants to beam solar power from satellites to earth
▼ + stars: | 2024-10-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +9 min

Aetherflux aims to launch a constellation of satellites to transmit solar power to Earth using infrared lasers. Bhatt told BI why he's joining the commercial space race and what Robinhood taught him about capitalism. AdvertisementAetherflux aims to create a constellation of satellites in low Earth orbit (LEO) that will collect solar power and beam it down to receptors on Earth using infrared lasers. Caltech's president, Thomas F. Rosenbaum, said the project had shown them that solar power beamed from space "is still a future prospect" but that it "should be an achievable future." The science has already been demonstrated; it's just going to be an engineering and economic feat to prove it can be done from space, Bhatt said.

Persons: Baiju Bhatt, Bhatt, Robinhood, —, Vlad Tenev, Elon, Baiju Bhatt Bhatt, Thomas F, Rosenbaum, it's, he'd, you'll, Spencer Platt, Matthew Weinzierl, Weinzierl, Einstein, Aetherflux Organizations: he's, Service, California Institute of Technology, NASA, Langley Research Center, Stanford, DARPA, Investment, Space Angels, McKinsey, Harvard Business School, SpaceX, Getty, Apex, Forbes Locations: India, Anadolu, Bay

☆ More employers say they don't care if you went to college. Most still seem to.
▼ + stars: | 2024-10-20 | by ( Tim Paradis | ) www.businessinsider.com time to read: +10 min

Employers might not ask if you have a degree, but many still care, a labor market expert told BI. AdvertisementDeming said many employers look upon a worker with a four-year degree as an investment — one that can be molded into what the firm wants. "What people are looking for, because it's the easiest and laziest filter, is a four-year degree from a 'good school,'" he said. "He's been the finalist for five different positions where they said, 'You're actually the best candidate we interviewed, but we require a four-year degree,'" Hyams said. Often, that might mean a four-year degree.

Persons: —, Ranji McMillan, that's, McMillan, She's, what's, McMillan David Deming, Deming, Mona Mourshed, Mourshed, Chris Hyams, Hyams, He's, Forsa, Gartner, Jon Lester, Lester, they've Organizations: Service, Ranji, McMillan, Harvard's Kennedy School, Glass, Harvard Business School, Census, McKinsey & Company, Boston Consulting Group, Employers, Workers, US Department of, Georgetown University Center, Education, Savvas Learning Company, IBM, BI, Research, McKinsey Locations: Northridge, Los Angeles, America

☆ Tom Brady has 7 tips for being a good teammate—how to apply them at work
▼ + stars: | 2024-10-20 | by ( Natalie Wu | ) www.cnbc.com time to read: +5 min

Tom Brady looks on prior to an NFL football game between the Baltimore Ravens and the Dallas Cowboys at AT&T Stadium on September 22, 2024 in Arlington, Texas. (Photo by Cooper Neill/Getty Images)With seven Super Bowl championship rings and a professional football career spanning more than two decades, Tom Brady knows a thing or two about being a good teammate. Good teammates should not only be cognizant and respectful of people with different goals, but Davey says they should take it a step further and appreciate colleagues with different goals. Instead, Davey says teams and good teammates should clearly communicate when 100% effort is needed and when it's acceptable to ease off. Frank feedback is importantSomething Brady says that carries over well to a workplace is the importance of giving frank feedback, Davey says.

Persons: Tom Brady, Cooper Neill, Nitin Nohria, Liane Davey, isn't, Brady, Davey, —, Frank, we've Organizations: NFL, Baltimore Ravens, Dallas Cowboys, AT, Super, Harvard, Harvard Business, Fortune, Amazon, Walmart, CNBC, Las Vegas Raiders, Patriots, Team Locations: Arlington , Texas

☆ This is OpenAI CEO Sam Altman's favorite question about AGI
▼ + stars: | 2024-10-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Earlier this year, Sam Altman discussed the future of artificial general intelligence at Harvard. Altman said he envisions AGI as a tool to enhance productivity and create shared intelligence. OpenAI's mission is to develop AGI, a form of intelligence that mimics human reasoning. AdvertisementSam Altman, the CEO of OpenAI, is always in the media spotlight, fielding many questions. It showed him one part of "what the post-AGI world can look like," Altman said on the Life in Seven Songs podcast.

Persons: Sam Altman, Altman, —, Patrick Chung, OpenAI, AGI, — Altman, we're, it'll, Rob Price Organizations: Harvard, Service, Harvard Business School

☆ 5 AI hacks smart people use to accomplish more and stress less at work
▼ + stars: | 2024-10-08 | by ( Jeremy Schifeling | In Schifeling | ) www.cnbc.com time to read: +7 min

Here are five AI hacks smart professionals use to get the most out of AI:1. Head over to Google Forms, click the AI button at the top of the page, and tell the tool what you're looking to accomplish. Zoom In Icon Arrows pointing outwardsYou can use a similar approach beyond survey comments. Zoom In Icon Arrows pointing outwardsThe key here is that AI can do more than just spit out text. Zoom In Icon Arrows pointing outwardsAgain, you can adapt the prompt to help you prepare for any kind of presentation.

Persons: I’ve, you’ve, you've, We've Organizations: Khan Academy, Harvard Business School, University of Texas, Google

☆ The power of passions: Tapping into consumers' emotional bonds
▼ + stars: | 2024-10-08 | by ( Raja Rajamannar | ) www.businessinsider.com time to read: +6 min

Tapping into people's passions can inspire emotional connections with consumers. In fact, our survey data identifies eight key roles that brands can play to either accelerate consumers' passions or alleviate their frustrations — one of which is fostering shared connections around their passions. A prime example of this is how Nike taps into peoples' passion for wellness, which is ranked the second highest among those we surveyed, while strengthening community bonds. Neuromarketing can derive an abundance of data-driven insights from study participants, allowing us to discern consumers' emotional associations with logos, messages, storylines, colors, and more. Inspiring an emotional response is an incredibly challenging task for marketers at a time when consumers feel bombarded by messages.

Persons: Raja Rajamannar, Rajamannar, —, Johnnie Walker, Costa Organizations: Mastercard, Service, Harvard Business School, Carnegie Hall, Cannes Lions, Prix, Consumers, Nike, Nike Run

☆ How I built a $2 billion a year super app called Grab: '20 hour' work days
▼ + stars: | 2024-10-07 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

After the business went public in the U.S. in December 2021, it brought in over $2 billion in revenue in 2023, according to documents reviewed by CNBC Make It. As of 2023, Grab also serves over 35 million customers and provides 13 million gig jobs across eight countries in Southeast Asia. "We both really believed we were very blessed [and] we wanted to serve Southeast Asia." There's no arguing, however, that Grab has shaped the very infrastructure of Southeast Asia. In December 2021, Grab went public and listed on the Nasdaq.

Persons: Anthony Tan didn't, Tan Heng, Tan, Tan's, that's, Ferdinand ] Marcos, Hooi Ling Tan, Anthony Tan, Uber, Dara Khosrowshahi Organizations: Kuala Lumpur Stock Exchange, CNBC, Harvard Business School, Base, Malaysian, Nasdaq Locations: Tan Heng Chew, U.S, Southeast Asia, Philippines, Malaysia, Kuala Lumpur, Chi Minh, Vietnam, Manila, Asia, Southeast

☆ How companies can ease the strain on employees taking care of elderly parents or ill family members
▼ + stars: | 2024-10-06 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

CNN —Taking care of an elderly parent or seriously ill spouse or family member can be physically and emotionally draining — and expensive for the caregiver in more ways than one. While employers have been expanding their benefits to help employees start families and more easily care for their children, they are now thinking more holistically about what it means to support employees’ family lives, including benefits for things like elder care, Izbicki said. Fuller constructed a return-on-investment model to assess the value of providing caregiving benefits. Given the high cost of replacing employees, reducing turnover can mean the cost of providing caregiving benefits will more than pay for itself. Protecting caregivers’ financesWorking caregivers navigate a lot: Finding doctors, heath care aides and assisted living facilities or nursing homes.

Persons: caregiving, ”, Melinda Izbicki, Mercer, Izbicki, Joseph Fuller, Fuller, ” Fuller, Danielle Miura, Miura, ” Miura Organizations: CNN, AARP, National Alliance for Caregiving, Harvard Business School Locations: United States

☆ The rise of Grab: How I built a super app that brings in over $2 billion a year
▼ + stars: | 2024-10-06 | by ( Ernestine Siu | ) www.cnbc.com time to read: +1 min

Anthony Tan is the co-founder and CEO of Grab, a "super app" that has built itself into the very infrastructure of eight major Southeast Asian countries. Grab provides day-to-day services, such as ride-hailing, payments and food delivery, to over 35 million users. The company went public on the Nasdaq in 2021 and brought in $2.36 billion in revenue in 2023, according to documents reviewed by CNBC Make It. "In a weird kind of way, I'm grateful because it helped me realize I had no other option but to make it work," Tan said. Watch the video above to learn more about Grab's rise, as well as what the company hopes to accomplish next.

Persons: Anthony Tan, Tan, Uber Organizations: Nasdaq, CNBC, Harvard Business School Locations: Malaysian

☆ Red Lobster is a mess. Here’s why the new 35-year-old CEO wanted the job anyway
▼ + stars: | 2024-10-04 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +10 min

Red Lobster's new chief executive Damola Adamolekun during an interview with CNN at a Red Lobster in Long Island, New York, last week. CNNIn Springfield, he first ate at a Red Lobster with his parents and two siblings after church one Sunday. Red Lobster was where he, like millions of Americans, experienced eating lobster and cracking crab legs for the first time. Beyoncé sang about taking a romantic partner to Red Lobster in her 2016 hit song “Formation.”After Red Lobster filed for bankruptcy, Flava Flav ordered the whole menu to try to save the company. Red Lobster closed more than 100 restaurants this year, including a location in Orlando, Florida, shown this year.

Persons: Damola Adamolekun, “, ” Adamolekun, It’s, ”, Adamolekun, Bill Darden, Mills, Chris Rock, Nicki Minaj, Beyoncé, Flav, “ Mr, ” —, Kevin Lamarque, Clarence Otis Jr, RJ Hottovy, Hottovy, Adamolekun’s, ” Hottovy, ’, Red, Phelan M, can’t, John Paulson, Paulson, P.F, Chang’s, Morgan McClure, Fortress, ” McClure, Brandon Bell, isn’t Organizations: New, New York CNN, CNN, Fortress Investment, Fortress, Red, Boomers, Darden, Thai Union Group, Former Red Lobster, Thai Union, As Thai Union, Thai, Brown University, Harvard Business School, Paulson & Co Locations: New York, Long, , New York, Nigeria, Zimbabwe, Netherlands, Springfield , Illinois, United States, Long Island , New York, Springfield, America, Alexandria , Virginia, Olive, Thai Union, Thai, Orlando , Florida, P.F, Chang’s, Columbia , Maryland, New York City, Scottsdale , Arizona, Austin , Texas

☆ I took Harvard's $12,500 celebrity-filled 4-day media course. It was worth every penny.
▼ + stars: | 2024-10-02 | by ( Elle Hardy | ) www.businessinsider.com time to read: +7 min

Pires applied strategies from the course to enhance content creators' business models in Brazil. She designed The Business of Entertainment, Media, and Sports course in 2013 and is a rock star in the entertainment industry. AdvertisementIt's a four-day course for professionals not enrolled at Harvard Business SchoolThe course costs $12,500, which includes all accommodation and meals, and it's worth every cent. This was relevant to my work with gamers and content creators. Have you taken a business course that changed the trajectory of your career?

Persons: Manuelle Pires, Anita Elberse, Pires, —, Nobru, I've, There's, Anita, He's, he's, Lionel Messi, David Beckham, Karim R, Lakhani, Kristin W, I'm, Lauryn Haas Organizations: Harvard, Service, YouTube, UCLA, Entertainment, Media, Harvard Business School, Google, UFC, lhaas Locations: Brazil, São Paulo, YouTube Brazil, Harvard, Boston

☆ 2025 Changemakers: Submit a nomination for CNBC's annual list of women leading in business
▼ + stars: | 2024-09-30 | by ( Julia Boorstin | ) www.cnbc.com time to read: +4 min

CNBC is now accepting nominations for our second annual Changemakers list. The list recognizes women transforming business and philanthropy, female leaders who have accomplished a meaningful achievement in 2024. Changemakers are taking novel approaches to old business problems and identifying new business opportunities. The list will be announced next year, and our second annual Changemakers Summit is set for next spring. Submit a nomination for the 2025 Changemakers list.

Persons: Dina Powell McCormick, Donald Trump, Marcela Miguel Berland, Tory Burch, Burch, Emma Carrasco, Corporate Affairs Srikant Datar, Harvard Business School Dean Karen Finerman, Ken Frazier, Desiree Gruber, Oscar Munoz, Laurene Powell Jobs, Emerson, Merline Saintil, Sheryl Sandberg, Stacy Smith, Spencer Stuart Organizations: CNBC, Fortune, Global Client Services, U.S . Deputy National, Tory, NBCUniversal, Corporate Affairs, Harvard Business School, Metropolitan Capital, Catalyst's Health, Merck, United Airlines, OptionB.org, Annenberg, LeanIn, McKinsey

☆ Elon Musk wants to put people on Mars by 2030. Don't count on it.
▼ + stars: | 2024-09-28 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

Elon Musk set out SpaceX's timeline for getting humanity to Mars this week. He said SpaceX plans to send five Starship rockets to Mars in 2026, with crewed missions following two to four years later. AdvertisementElon Musk has set out his latest timeline for getting humans to Mars, and experts say it's a classic SpaceX move. The SpaceX founder said in a recent post on X that the company plans to launch around five uncrewed Starship rockets to Mars in 2026. AdvertisementSpaceX is planning to launch five uncrewed Starship rockets to Mars in the first window in 2026, according to Musk.

Persons: Elon Musk, —, Musk, Philip Metzger, Metzger, Peter Hague, Hague, Matthew Weinzierl Organizations: SpaceX, Service, NASA, Planetary Science, University of Central, Federal Aviation Administration, FAA, Harvard Business School Locations: Mexico, University of Central Florida, Mars

☆ I'm a multimillionaire, but I'm not leaving my kids any cash inheritance. I think it would be a mistake to make them wealthy.
▼ + stars: | 2024-09-27 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

Instead, he plans to pay for college, a car, a down payment, and make business loans. Here's what I'm doing instead, and how I talk with them about money and wealth. Courtesy of George ApplingI believe it's bad to make your kids wealthyI don't want to leave my children money because I believe it's bad to make your children wealthy. If the kids need $20 to go to the trampoline park with friends, I'll usually pay. I let the kids make mistakes with moneyAll my kids work during the summer, and saved about $1,000 each last year.

Persons: George Appling, —, Brian, I'm, it's, Rockefeller, they'd Organizations: Service, Harvard Business School, Nissan Pathfinder, Starbucks Locations: Sherwood

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