Last week, personal finance site Financial Samurai posted a blog that went viral: Scraping By On $500,000 A Year: Why It's So Hard For High Income Earners To Escape The Rat Race. If $500,000 is "scraping by", it's time for some serious financial literacy.
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Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.
One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.
Ideally, we'd all earn what we deserve and our employers would give us raises according to our skill level, experience, and professional value -- we'd never even have to ask. Of course, reality doesn't usually work out that way. As author Chester Karrass has said: "You don't get what you deserve. You get what you negotiate."