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6 Books the Wealthy Are Reading This Summer
6 Books the Wealthy Are Reading This Summer

Yahoo

time29-05-2025

  • Business
  • Yahoo

6 Books the Wealthy Are Reading This Summer

J.P. Morgan recently published its 2025 Summer Reading List. Here's a glimpse at six of the new books that it recommended for summer reading. These aren't your typical beach reads. You won't find any novels with action-packed plots or whodunit mysteries. These are all new releases in the nonfiction category. Check Out: Read Next: Looking through the descriptions of these books, you'll see a trend. The subjects and tones of each of these reads suggests that the rich aren't so much thinking about money as they are their core purposes in life and ways to optimize their relationships and businesses. They're seeking out techniques for living richer in a philosophical and nonmaterial sense. Let's look at six books that might be must-reads. 'Life in Three Dimensions: How Curiosity, Exploration, and Experience Make a Fuller, Better Life' by Shigehiro Oishi, PhD investigates concepts that we both individually and collectively have positioned as North Stars in all aspects of life: 'happiness' and 'meaning.' Oishi explores how these abstractions form 'traps' that inhibit our ability for enrichment — and discusses potentially better ways to frame and achieve a 'good' life. Learn More: 'Becoming You: The Proven Method for Crafting Your Authentic Life and Career' by Suzy Welch is a humorous, poignant and well-researched book that delves deep into core questions such as 'What is my purpose?' and 'What was I born to be?' Based on Welch's popular NYU Stern School of Business class of the same name, 'Becoming You' provides an easy-to-follow 13-part methodology to help readers find their truest selves. Are you having the same arguments with colleagues again and again? Is your business starting to slip into a rut? Do you feel like no matter what you do, you're just not growing or evolving? 'Reset: How to Change What's Not Working' by Dan Heath could be a transformative read for anyone in a leadership position. The book tackles how to reboot your and your team's motivation so that at last you can get things working in a healthy, lasting way. Physical strength will get you far in the gym, but it's mental strength that will get you far in your personal and professional life. In 'Iron Hope: Lessons Learned from Conquering the Impossible', James Lawrence, a self-motivated athlete who completed 50 full-distance triathlons in 50 states in 50 consecutive days, discusses how to commit fully to yourself and build indestructible will power. What's an understanding of one's modern-day raison d'être without serious consideration of the emerging revelation of artificial intelligence and its expanding impact on our lives, both personally and professionally? 'Raising AI: An Essential Guide To Parenting Our Future'' by De Kai tackles the tech movement du jour with a unique approach, perceiving AI technologies not as our overlords but as our children. How do we do right by our nonhuman kids who need us now more than ever? To truly understand our way of being, we must assume an objective perspective — one that considers how people in radically different cultures and societies exist. As its title suggests, 'The Values Compass: What 101 Countries Teach Us About Purpose, Life, and Leadership' by Mandeep Rai explores how people think, build, create and love in places we may have never heard of, let alone visited. The Dalai Lama called this book a demonstration of 'how interconnected we are and how the divisions that exist between us stem from acting with narrow self-interest rather than concern for the good of our human family.' List sourced from J.P. Morgan's Summer Reading List More From GOBankingRates 6 Hybrid Vehicles To Stay Away From in Retirement Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck This article originally appeared on 6 Books the Wealthy Are Reading This Summer

6 Books the Wealthy Are Reading This Summer
6 Books the Wealthy Are Reading This Summer

Yahoo

time29-05-2025

  • Business
  • Yahoo

6 Books the Wealthy Are Reading This Summer

J.P. Morgan recently published its 2025 Summer Reading List. Here's a glimpse at six of the new books that it recommended for summer reading. These aren't your typical beach reads. You won't find any novels with action-packed plots or whodunit mysteries. These are all new releases in the nonfiction category. Check Out: Read Next: Looking through the descriptions of these books, you'll see a trend. The subjects and tones of each of these reads suggests that the rich aren't so much thinking about money as they are their core purposes in life and ways to optimize their relationships and businesses. They're seeking out techniques for living richer in a philosophical and nonmaterial sense. Let's look at six books that might be must-reads. 'Life in Three Dimensions: How Curiosity, Exploration, and Experience Make a Fuller, Better Life' by Shigehiro Oishi, PhD investigates concepts that we both individually and collectively have positioned as North Stars in all aspects of life: 'happiness' and 'meaning.' Oishi explores how these abstractions form 'traps' that inhibit our ability for enrichment — and discusses potentially better ways to frame and achieve a 'good' life. Learn More: 'Becoming You: The Proven Method for Crafting Your Authentic Life and Career' by Suzy Welch is a humorous, poignant and well-researched book that delves deep into core questions such as 'What is my purpose?' and 'What was I born to be?' Based on Welch's popular NYU Stern School of Business class of the same name, 'Becoming You' provides an easy-to-follow 13-part methodology to help readers find their truest selves. Are you having the same arguments with colleagues again and again? Is your business starting to slip into a rut? Do you feel like no matter what you do, you're just not growing or evolving? 'Reset: How to Change What's Not Working' by Dan Heath could be a transformative read for anyone in a leadership position. The book tackles how to reboot your and your team's motivation so that at last you can get things working in a healthy, lasting way. Physical strength will get you far in the gym, but it's mental strength that will get you far in your personal and professional life. In 'Iron Hope: Lessons Learned from Conquering the Impossible', James Lawrence, a self-motivated athlete who completed 50 full-distance triathlons in 50 states in 50 consecutive days, discusses how to commit fully to yourself and build indestructible will power. What's an understanding of one's modern-day raison d'être without serious consideration of the emerging revelation of artificial intelligence and its expanding impact on our lives, both personally and professionally? 'Raising AI: An Essential Guide To Parenting Our Future'' by De Kai tackles the tech movement du jour with a unique approach, perceiving AI technologies not as our overlords but as our children. How do we do right by our nonhuman kids who need us now more than ever? To truly understand our way of being, we must assume an objective perspective — one that considers how people in radically different cultures and societies exist. As its title suggests, 'The Values Compass: What 101 Countries Teach Us About Purpose, Life, and Leadership' by Mandeep Rai explores how people think, build, create and love in places we may have never heard of, let alone visited. The Dalai Lama called this book a demonstration of 'how interconnected we are and how the divisions that exist between us stem from acting with narrow self-interest rather than concern for the good of our human family.' List sourced from J.P. Morgan's Summer Reading List More From GOBankingRates 10 Unreliable SUVs To Stay Away From Buying 10 Cars That Outlast the Average Vehicle This article originally appeared on 6 Books the Wealthy Are Reading This Summer

What new grads get wrong about the job search, says Harvard-trained career expert
What new grads get wrong about the job search, says Harvard-trained career expert

CNBC

time13-05-2025

  • Business
  • CNBC

What new grads get wrong about the job search, says Harvard-trained career expert

Suzy Welch thinks that most new grads are approaching their career search backwards. As a professor at NYU Stern School of Business, she's seen firsthand the pressure that graduates face to find a job – any job – as soon as possible. In her view, students are encouraged to pursue the short-term goal of finding employment over the long-term work of identifying the right career path. "Students can come out of college without having gotten an education in the most important thing that they need, which is who we are and our purpose," she says. Since 2021, Welch has taught "Becoming You," a course she created to help students discover their values, goals and innate gifts, at NYU, where she also serves as the director of the Stern Initiative on Purpose and Flourishing. In her course, students take a variety of unique tests to determine their "area of transcendence": the career path that best aligns with their values and aptitudes and provides financial security. Welch shares those lessons in her bestselling new book "Becoming You: The Proven Method for Crafting Your Authentic Life and Career," which debuted on May 6. These are her best tips for new graduates entering the job market. Before diving into the job hunt, Welch urges young professionals to pause and look within. "Do not try to get a job until you know who you are. Do that work first," she says. "You think the hardest thing is going and finding a job, but the hardest thing is going and finding yourself. After that, finding a job is easier." She recommends asking yourself these key questions: "Who am I? What are my values? What am I uniquely good at, and what is calling me emotionally and intellectually?" In Welch's experience, many high-achieving graduates find themselves on a "conveyor belt" toward popular industries like finance, tech and consulting, even though those industries may not be the best match for their unique skills and interests. At Welch's alma mater Harvard, a survey of the class of 2024 found that 21% of 2024 graduates plan to work in finance, 16% will work in tech and 13% will pursue consulting, according to the Harvard Crimson. Welch encourages new grads to consider a broader range of careers and industries when they begin their job search. Otherwise, she says, "you're going to go to the job market and try to retrofit your personhood to the world, whereas in fact, you need to know who you are, and then go find the places in the world that are actually meant for you." Welch compares being on the wrong career path to trying to sign your name with your non-dominant hand. Once you switch to the correct hand, the writing flows much more easily. "You can avoid getting on the wrong conveyor belt if you just do the work up front of figuring out your values, your aptitudes and your interests so that you can identify your purpose and then go towards it," Welch says. "You need to know who you are, and then go find the places in the world that are actually meant for you." If that's not enough to convince you, Welch has another hard truth to deliver. "Here's the dirty little secret that no one tells you: if you wedge yourself into the job that you're good enough at, but that is not truly 'you,' you actually wash out of it at around age 40." That's when companies start culling high-level, highly compensated employees who are performing well, but not thriving, she says. After taking her course, Welch says, several of her previous students chose to leave prestigious positions to pursue a more authentic path. Though changing course in your job search might "make people's heads explode," according to Welch, "in the long run, it's going to build the right career."

Suzy Welch Q&A: Are you a leader or a follower? And how do you figure all that out?
Suzy Welch Q&A: Are you a leader or a follower? And how do you figure all that out?

Yahoo

time04-05-2025

  • Business
  • Yahoo

Suzy Welch Q&A: Are you a leader or a follower? And how do you figure all that out?

There are some big, serious questions that stump some folks (me included). For instance: Where do you want to go in life? What do you want to do in today's evolving world? Do I want to be a leader or just part of the pack? Suzy Welch can help and has some answers for you in her new book, "Becoming You: The Proven Method for Crafting Your Authentic Life and Career.' Welch is the director of NYU Stern's Initiative on Purpose and Flourishing, and co-author of the bestseller 'Winning' with her late husband, Jack Welch, the legendary CEO of General Electric. Here in "Becoming You," she doles out a practical playbook for finding happiness and purpose. I asked Welch to fill me in. Edited excerpts: Kerry Hannon: The word 'purpose' is kind of buzzy these days. How do you define it? Suzy Welch: First of all, I hate the buzziness. One of the reasons I wrote the book was it was driving me out of my everlasting mind that people were exhorting young people and older people to go live their purpose. People have been talking about finding their purpose since people started talking. There's even cave drawings that seem to suggest that the earliest human beings were searching for meaning. Now we find ourselves in the post-pandemic world, and people are do I work? Why do I work? And they're trying to figure out these very big questions, which do lead to understanding your purpose. So let's hear it. What are the keys to 'becoming you'? The premise is that your purpose lies at the intersection of your values, your deeply held beliefs, your authentic self, your emotional spinal cord, and your aptitudes, which are the cognitive and emotional proclivities you have. You are uniquely wired to do with your brain and your personality to a kind of work that comes more easily and more naturally to you. Then there is your economically viable interest. What growing parts of the economy call you emotionally, or intellectually, and can afford to pay you what you want to be paid? The work is identifying each one of those, then pinpointing the overlap. Sometimes, all this does is require you to tweak your life. Other times it's starting again. Can you describe your P.I.E. theory to me? P.I.E. stands for people, ideas, and execution. Long-term success boils down to three things: The quality of your relationships with other people, the quality of your ideas, and the quality of your execution. Are you a person people want to keep on dealing with? Are you trustworthy with high integrity? Are you sociable? Are you collaborative with your ideas? Do you have them? Are you engaged? Is your brain in the game? Do you help other people's ideas come to fruition if you don't have them yourself? And do you actually get stuff done? Do you do what you say you're going to do? You have to have that data to become you. You write that you cannot count the number of times you've seen the horseman of 'economic security' haul people away from their true values. What the heck do you mean? People hear about values and they say I know my values. I'm just not living them. And then they can't pinpoint why that is. Let's take these four horsemen one by one. You could be dealing with all of them at the same time, or you could see how one of them has stolen your life away. The first one is economic security, which is that we make decisions based just on the financial implications. We take the job that we don't really want because it pays more money. We buy the house that we don't really want, or we rent the apartment we don't really want, because it costs less. Economic security (is) a value, but it can really get in the way of the life we want to live. The second is expedience. We drift away from our values and living the way that we truly want to live according to our values because it's just too hard. We take the easier road. We want an exciting life, a bustling life, a life with learning and new experiences, but we often choose a job because it's going to be easier to get to it, or it will require less upskilling. The third horseman is expectations. Our family expects this, or culture expects that, or our spouse expects this, or we have expectations of ourselves. So we don't do the things we want to do because that's not what is expected of us. The final one is events. Sometimes, a bomb drops in our life. Somebody gets sick, or a kid goes off the rails, or we get fired. And events can take us away from living by our values. These horsemen are ever present. We have to identify them so that we can push back and decide, I'm not going to let my life be galloped away with. You write about the role nerve plans play in becoming a leader. Explain. There's this gigantic halo over the word leader. Everybody's supposed to want to be one. It's especially pervasive in college and business school where I teach that everybody should be a leader. But frankly, some of us are just not wired to be leaders, and we don't want to be leaders. It isn't our natural proclivity. There are so many great jobs, so much you can do if you're an individual contributor, or a team member, if you can let go of the internal pressure to want to be a leader. The parts of nerve are radical candor, or the ability to speak honestly; edge, or the ability to make a decision, and stamina — both physical and mental. You've got to have those three things which I call 'nerve.'...for the pressures of leadership. If you're low on nerve and don't like making decisions, and you're not particularly a big fan of hard messages, then power to you. Just understand that that does not set you up for leadership. Part of the 'becoming you' process is saying, let's just take a cool-headed look at what you're good at and who you really are. Words that get a lot of attention these days in the world of work are re-skilling and relationships. Discuss. Personally, I get exhausted just thinking about reskilling. Re-skilling is real. But we've all been re-skilling our whole lives. If you would like to be a leader, or move up the ladder, having a lot of different relationships with people outside of your comfort zone is going to be a big help. The more wide your circles are the more diverse your circles, the more you are prepared for the biggest takeaway you want your readers to go home with? There are three D's with life. The first D is default. You can live by default, which is what most of us do. We live lives that are very reactive. We see what comes at us, and we react the best we can. That's how I've rolled in my life. There's no shame in it. It can be pretty exhausting, though, and it can often not get you to where your heart is yearning to go. Then sprinkle in the second D, which is deliberation. We start to say, OK, I think I know what my values are, and oh, maybe I'm kind of good at this, or I've always been interested in this. And we get our arms around it a little bit. That is important to do. A third D is living by design. We know ourselves by design gets you to a place where you're living by your purpose, where you feel exquisitely alive. It doesn't guarantee happiness. I'm not part of the happiness industrial complex because I think happiness is complicated. But it does get you to a life of meaning. Kerry Hannon is a Senior Columnist at Yahoo Finance. She is a career and retirement strategist and the author of 14 books, including the forthcoming "Retirement Bites: A Gen X Guide to Securing Your Financial Future," "In Control at 50+: How to Succeed in the New World of Work" and "Never Too Old to Get Rich." Follow her on Bluesky. Sign up for the Mind Your Money newsletter Sign in to access your portfolio

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