Leaving a Legacy /w Johann Kurtz: The J. Burden Show Ep. 381

Pope Leo XIII's encyclical "Rerum Novarum" is a landmark document in Catholic social teaching. Issued in 1891, it addressed the social and economic problems arising from the Industrial Revolution, particularly the plight of workers. The encyclical condemned both laissez-faire capitalism and socialism, advocating for a more just and humane economic system. It affirmed the dignity of labor, the right of workers to form unions, and the role of the state in protecting workers' rights. Rerum Novarum established key principles of Catholic social thought, including the importance of subsidiarity, the common good, and the dignity of the human person. It remains a foundational text for Catholic social teaching and continues to inspire efforts to promote social justice and economic fairness.

In 'The Gospel of Wealth,' Andrew Carnegie argues that the accumulation of wealth is not an end in itself but a means to advance civilization and alleviate human suffering. He proposes that the wealthy should utilize their surplus means to benefit society while they are still alive, rather than leaving it to heirs or charitable organizations that might not use it wisely. Carnegie advocates for strategic giving, collaboration, and social impact, emphasizing the responsibility of the wealthy to create opportunities for those who desire to improve their lives. He criticizes ostentatious living and the amassing of private treasures, instead promoting a new mode of giving that is productive and beneficial to the community.

Die with Zero presents a provocative philosophy and practical guide on how to get the most out of your money and your life. Bill Perkins argues against over-saving and under-living, advocating for investing in experiences early and maximizing positive life experiences. The book introduces concepts like 'time-bucketing,' 'net worth curve,' and 'fulfillment curve' to help readers optimize their life stages and make the most of their resources. Drawing from his own life experiences and insights from psychological science and behavioral finance, Perkins makes a compelling case for living large and accumulating memorable experiences rather than wealth.