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Space Budgets!

You made it to Friday! Give yourself a pat on the back, enjoy these posts, and we’ll see you next week!

Space Budgets: A Simple Tool for Minimalist Living [Andrea Dekker on Becoming Minimalist] – “The concept is similar to setting a timer to limit the time we spend on a specific task. Or creating a budget to assure we don’t spend more money than we have. With a space budget, the goal is to use the space we have… and remove everything that doesn’t fit within that space.” I love this reframing of the clutter problem.”

Millennial mom whose passive income side hustle brings in $12,500/month: My goal was ‘to quit a full-time job and work for myself’ [Acorns] – “So when she went on maternity leave again in 2020, Jones decided to focus her efforts on building out the store and learning how to make it more successful. Today, her shop, the name of which she prefers to keep secret lest copycats replicate some of her more niche products, features more than 200 printable items and grosses an average of $12,500 per month in passive income.” Normally these types of posts are ridiculous in that they have a terrible premise – like someone paying off $50,000 in student loans in 4 months because they got a $3 million inheritance. But this one is legit.

How We Broke the Supply Chain [The American Prospect] – “Almost none of these stories will explain how these shortages and price hikes were also brought to life through bad public policy coupled with decades of corporate greed. We spent a half-century allowing business executives and financiers to take control of our supply chains, enabled by leaders in both parties. They all hailed the transformation, cheering the advances of globalization, the efficient network that would free us from want. Motivated by greed and dismissive of the public interest, they didn’t mention that their invention was supremely ill-equipped to handle inevitable supply bottlenecks. And the pandemic exposed this hidden risk, like a domino bringing down a system primed to topple.”

Lessons from the crab Shack (Where the Elite Eat in Their Bare Feet) [The Escape Artist] – “To me, The Crab Shack represented an ideal: it was high quality but didn’t take itself too seriously. It was independent, quirky, honest and unstuffy. To me, The Crab Shack represented The American Dream. To my way of thinking, anyone should be able to eat at The Crab Shack. It is a hallmark of fairness and meritocracy that anyone can rise up and join The Elite. Entry to The Elite should be open to everyone.” Seems like a fun place to go! (good lessons in the post too)