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Read previewFrom Bill Gates and Warren Buffett to Jeff Bezos and Mark Zuckerberg, billionaires are the power players of philanthropy. It's not possible to generalize, but billionaires' philanthropic contributions likely do not outweigh the negative aspects of wealth inequality. For every Chuck Feeney or 'good' billionaire, there is an Elon Musk or Bill Gates, both with questionable practices. Bill Gates is an example. How does MacKenzie Scott's philanthropy differ from how other billionaires typically approach giving, and what lessons can they learn from her?
Persons: , Bill Gates, Warren Buffett, Jeff Bezos, Mark Zuckerberg, It's, MacKenzie Scott, Bezos, Hans Peter Schmitz, Bob, Carol Mattocks, Gates, Scott, Chuck Feeney, Elon Musk, Melinda Gates, Ramin Talaie, Getty, MacKenzie Organizations: Service, Business, Nonprofit Leadership, North Carolina State University, Melinda Gates Foundation, Gates Foundation, Black Colleges, Universities, Third
Harvard professor Arthur Brooks emphasized curbing bad spending habits for financial happiness. Brooks noted that rising credit card debt is affecting the financial well-being of many Americans. AdvertisementBestselling author and Harvard professor Arthur Brooks believes that achieving financial happiness isn't solved by chasing extra income but by curbing bad spending habits. AdvertisementBorrowing for consumption is the most damaging financial habitBrooks pointed to the recent rise in credit card debt as a factor that affects many people's financial happiness. Credit card debt has become a crisis in the US following the pandemic when many Americans used up their savings.
Persons: Arthur Brooks, Brooks, Organizations: Service, Harvard Kennedy School, Harvard Business School, JPMorgan Chase, JPMorgan Chase Co
Mumby was a Harvard-trained educational policy and leadership expert, who worked her way up from teacher to national director of organizing partnerships and strategy at the nonprofit Leadership for Educational Equity. I was moving in my purpose, but also still working seven hours, seven days a week. Mumby says she loved the work, but it took a huge toll on her mental and physical health. But there's a direct link between women's stressful work lives and health, largely due to the body's inability to differentiate between "life-threatening stress" and "ongoing stress," studies show. The experience forced Mumby into the "slow life," choosing "well-being over working myself to the bone," she says.
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