Being Smart With Your Money + 10 OZY Must-Reads

www.ozy.com [OZY.COM]( [VIEW ONLINE]( 10 MUST READS TODAY [Daily Dose]( Saturday Jun 08, 2019 1 [Good Sh*t]( [Good Sh*t]( [Smart With Your Money]( Want to save more or make your cash work harder? Check out OZY’s original series on being smart with your money. Money. A few have more than they need, some have enough and most of us, well, we would love to have more. And while some savvy investors seem to know all the right moves when it comes to multiplying their wealth, the rest of us could use help. We’ve rounded up some ways that you can be smarter with your money — whether that means investing in smaller amounts, teaching your teen how to be more responsible with their cash (and, let’s face it, yours too), looking at an alternative vehicle for group savings (the South African stokvel) or saving cash on experiences like going to a ballgame or concert. [READ MORE]( 2 [Fast Forward]( [Fast Forward]( [The Rise of Digital Tipping — From Music to Your Own Paycheck]( This Chinese system has generated millions in revenue for streaming platforms, and now the U.S. is at the tipping point. Chinese pop singer Hua Chenyu once made $17,000 in five hours, and he wasn’t even famous yet. In 2014, Hua posted a single on Chinese microblogging site Weibo and charged 2 yuan (30 cents) per download. He also allowed tips. The 23,000 payments made within those five hours included an average tip of 2.5 yuan each. In China, Hua wasn’t breaking fresh ground with his financial model. Tipping video producers, podcasters and musicians online for their work has been the norm since 2013, when online payments really took off there. Tencent Music’s three streaming apps — QQ Music, KuGou and Kuwo — and its karaoke app WeSing, allow fans to tip artists any amount through the apps. Writers can be tipped for their stories through WeChat and podcasters for their episodes on Ximalaya, China’s biggest spoken-word audio platform. Now, digital tipping is beginning to catch on in the U.S., with Americans who are used to tipping bartenders, baristas and hairstylists loosening their purse strings for other services and creative professionals. [READ MORE]( 3 [Good Sh*t]( [Good Sh*t]( [Would You Sacrifice Car and Coffee to Retire in 10 Years?]( It’s never been easier to see how much longer you’ll have to work to keep up the small luxuries. The marshmallow experiment is a famous lesson in delayed gratification. A Stanford University psychologist gave children a choice: one reward now, or two rewards if they waited about 15 minutes. Some children took the marshmallow. Others waited, but it wasn’t easy. Many would occupy themselves, cover their eyes or even “stroke the marshmallow as if it were a tiny stuffed animal,” the psychologist observed. Saving for retirement can be like the marshmallow experiment. Only harder. Because while the children know what reward is awaiting them, most adults don’t know how much their savings now will leave them with in the future. When the reward is amorphous, it’s even more difficult to sacrifice now to gain later. [READ MORE]( more from ozy, below [Advert]( [Advert]([Advertisement] 4 [Acumen]( [Stokvel Saving: South Africa's Gym Buddy for Investments]( Whether you crave a Le Creuset pot or a live sheep, these savings clubs will help you save for it. 5 [Need to Know]( [OZY Fest Is Back! Get Your Tickets Now]( Welcome to New York’s most eclectic festival of music, comedy and ideas. 6 [Good Sh*t]( [Our 10 Must-Read Stories — the OZY Highlight Reel]( From forbidden love to true crime crack, here is the best of OZY this week. 7 [Fast Forward]( [Why Longer Lives Mean the Future of US Politics Is Female]( Could Alexandria Ocasio-Cortez and other young politicos lead for half a century? 8 [Good Sh*t]( [This Manipuri Artist Brings Feminism and Home to the Canvas]( You likely haven’t heard of artists from this northeastern Indian region, but Sony Thokchom is changing that. 9 [Fast Forward]( [Is the End of Quarterly Forecasting in Sight?]( Because there’s a growing push against short-termism in the corporate world. 10 [Provocateurs]( [Her Forbidden Love Behind Bars Challenged Colombia]( Marta Álvarez fought for the right for conjugal visits for lesbians and earned an official apology for her trouble. You Should Know This [Listen Now to the New Season of 'The Thread': Let Us Play]( OZY Media Mountain View, California 94040 This email was sent to {EMAIL} [Manage Subscriptions]( | [Privacy Policy]( | [Read Online](