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The popular argument goes something like this: AI has collapsed the cost of building software, so ‘distribution is the new moat.' It's really just a starting point.
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UK bans under-16s from using social media apps including TikTok and YouTube AP NewsWhat to Know About Planned Social Media Bans in Australia, the U.K. and Beyond The New York TimesBritain will ban under-16s from social media apps, including TikTok and YouTube NPRKeir Starmer promised me he would end the harm caused by social media. But this ban betrays that promise The Guardian
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Those who did receive stock are taking different approaches, with some selling into the company's market debut while others are holding for the long haul.
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Britain Announces Social Media Ban for Children The New York TimesThe UK is banning children's social media use. Here's what other countries are doing Pittsburgh Post-GazetteBritain will ban under-16s from social media apps, including TikTok and YouTube NPRBritain has unveiled one of world's toughest social media bans for kids. Here's what to know CNNWhat do young people in NI think about the social media ban for under-16s? BBC
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What happened to Aldon Smith? What we know about cause of death USA TodayAldon Smith, late 49ers All-Pro, spent final hours delivering pizza to charity The New York TimesAldon Smith in interview published days before death: 'Definitely had better days' USA TodayFormer NFL defensive lineman Aldon Smith dies at age 36 ESPN
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It's no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grieving the loss of a parent or other loved one.
SEE MORE How Much of Your Estate Will Be Lost to Taxes?
I often work with people in many different age groups who have suddenly become wealthy as the result of a windfall inheritance. While there is a need to develop a comprehensive financial plan, it's not the first step. Instead, I try to determine each person's starting point with money. Many people fall into one of three categories:
They are anticipating how they will handle their wealth, but the money hasn't yet arrived.They have their inheritance — often several million dollars — but they are still grieving the loss of a loved one and are looking for guidance on next steps.
The inheritance has been in their bank account for a long period, but they still lack direction and can't make any decisions.
It is important to listen to each person's personal story with a windfall of money. Losing an important person in your life is difficult, and reflecting on the impact that person made is just as important. Many people express a desire to do something to honor a parent's wishes.
Figuring out how to make the best use of an inheritance
Here is how I generally approach these conversations to help a person make the best use of their inheritance:
Define their relat
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