Persuading the Unpersuadable

Takeaways:

  1. Grant studies Steve Jobs as an example of someone who was famously willing to be persuaded by those around him– and points to multiple world-changing Apple successes that he had initially opposed, including the Iphone and AppleTV.
  2. He points to four tactics for persuading someone to reconsider their positions:
    • Ask them to explain their positions in extreme depth, which shows them that they may not know a topic as well as they think they do
    • Make them feel that they are in control of the conversation, then turn persuasion into a gradual “a game of catch,” chipping away at holes in their positions and displaying the merits of yours.
    • Praise a narcissist – earn their trust by praising those who believe that their correctness is a part of their personal worth.
    • Disagree with people who tend to be Disagreeable– politely fight for your ideas to show your conviction in them.
  3. Persuasion is an important part of progress, Grant argues that, “When leaders lack the wisdom to question their convictions, followers need the courage to persuade them to change their minds.”

From Adam Grant at Harvard Business Review:

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This site may contain links to articles or other information that may be contained on a third-party website. Advisory Services Network, LLC and MAP Strategic Wealth Advisors are not responsible for and do not control, adopt, or endorse any content contained on any third party website. The information and material contained in linked articles is of a general nature and is intended for educational purposes only. Links to articles do not constitute a recommendation or a solicitation or offer of the purchase or sale of securities.

Rich Out-of-Town Buyers Are Making It Hard for Locals to Afford Homes in Their Own Cities

Five takeaways:

  1. A new report from real estate brokerage Redfin finds that the budget disparity between out-of-town homebuyers and locals in “red hot” cities like Philadelphia and Nashville is approaching 30%.
  2. Redfin’s report showed that in 42 of 49 cities listed, out of town buyers had higher budgets than local buyers. Of the seven remaining, five were in California, which has a disproportionately large share of high earners.
  3. Nationally, the housing market is surging– a rarity for the winter months. Rising mortgage rates are likely to encourage buyers to act quickly and aggressively.
  4. Redfin’s report credits the rise of remote work as a prime reason the gap is widening between local buyers and transplant buyers.
  5. This disparity really affects first time homebuyers in these “hot” markets, who are competing with out-of-town buyers and unable to offset housing prices by selling a home before they buy a new one.

From Sarah Hansen at Money.com

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This site may contain links to articles or other information that may be contained on a third-party website. Advisory Services Network, LLC and MAP Strategic Wealth Advisors are not responsible for and do not control, adopt, or endorse any content contained on any third party website. The information and material contained in linked articles is of a general nature and is intended for educational purposes only. Links to articles do not constitute a recommendation or a solicitation or offer of the purchase or sale of securities.

The Concept of the Weekend Is Dying

Five takeaways:

  1. The modern, two-day weekend was codified in the Fair Labor Standards Act of 1938, which also gave us the common eight-hour work day/40-hour workweek model. This article argues that modern workers are experiencing an erosion of the classic 2-day weekend by overbooked schedules, constant notifications from their mobile devices, and increasing employer demands.
  2. Economic Fragility, near-universal use of personal devices for work, and the rise of the gig economy have all contributed to the breakdown of the distinction between the workweek and weekend free time.
  3. There are physiological costs to missed rest and relaxation, including increased levels of stress hormones and decreased ability to focus. Increased hours spent at a desk can bring on weight gain and increase general anxiety.
  4. Making space for time away from work isn’t just about productivity — it also makes you a better person. It allows time for connection with others or the self, for the activities we are passionate about, and for creativity.
  5. Employers need to work hard to ensure their employees are taking time for themselves on weekends, and employees should feel more empowered to voice concern when weekend work becomes a common occurrence.

From Katrina Onstad at NBC News

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This site may contain links to articles or other information that may be contained on a third-party website. Advisory Services Network, LLC and MAP Strategic Wealth Advisors are not responsible for and do not control, adopt, or endorse any content contained on any third party website. The information and material contained in linked articles is of a general nature and is intended for educational purposes only. Links to articles do not constitute a recommendation or a solicitation or offer of the purchase or sale of securities.