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Becoming A Little Bit Wealthy: How To Save For Your Retirement

Becoming a little bit wealthy: how to save for your retirement

Becoming A Little Bit Wealthy: How To Save For Your Retirement

The bad news is that almost half of Americans approaching retirement have nothing saved in a 401(k) or other individual account. The good news is that Doug Lynam offers sound, doable financial advice so that anyone can live comfortably and enjoy their golden years.

Becoming a little bit wealthy
besnopile / Pixabay

Doug was a Benedictine monk for twenty years and is now Director of Educator Retirement Services for an asset management firm in Santa Fe, New Mexico. Doug is also a self-proclaimed Suffering Prevention Specialist. He will be the first to let you know that prayer may help your soul but not your savings account.

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Doug has the following advice for older people who have nothing saved:

  • build a workable budget to reduce expenses
  • clear up debt
  • increase their savings rate
  • select better retirement investments or start investing now
  • try to buy a modest home so that living costs go down as they age
  • consider relocating to a less expensive city, if possible
  • stop supporting adult children, if possible – put your own oxygen mask on first before you assist others

And for younger people who’d like to avoid this situation? Remember that the Holy Trinity of Finance is:

1) Earning

2) Saving

3) Investing Ethically

You must win at all three to build a sustainable retirement. Doug points out, “Too many people only focus on earning money. Even if you have a high income, if you don’t save and invest, you’ll always be broke – which will increase your suffering and your family’s suffering.”

Doug offers advice about saving for retirement or how anyone can get on the road to becoming a little bit wealthy. His book, From Monk to Money Manager: A Former Monk’s Financial Guide to Becoming a Little Bit Wealthy – And Why That’s Okay (Thomas Nelson, March 26, 2019), was just released. Doug’s goal is to help as many people as possible manage their money effectively – according to their highest values. Money management, done correctly, is a spiritual practice.

The post Becoming A Little Bit Wealthy: How To Save For Your Retirement appeared first on ValueWalk.

Published at Fri, 29 Mar 2019 11:16:31 +0000

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The Next Doctor You Consult Could Be a Robot: Healthcare Meets AI and the Blockchain

The Next Doctor You Consult Could Be a Robot

Startup company doc.ai has been working with university researchers to create a platform on the blockchain where patients can discuss their medical data with an advanced artificial intelligence “doctor.”

On August 24, doc.ai announced that their advanced natural language processing technology platform, based on the blockchain, would timestamp datasets and decentralize artificial intelligence. The startup stated that the platform was “envisioned and built” by researchers from Stanford and Cambridge Universities.

The objective of the company is to help healthcare companies improve patient care and  experience through an advanced natural dialogue system which will be able to generate insights from combined medical data.

According to the World Health Organization, there is a shortage of seven million healthcare professionals globally, and that number is on the rise. There is increasing pressure on doctors who are faced with meeting the challenging needs of the population and keeping up with the latest developments in healthcare and medicine. Furthermore, the training of healthcare professionals takes years of education and experience. With the help of AI, doc.ai aims to address such challenges while improving the patient care and providing a better healthcare experience.

“We are making it possible for lab tests to converse directly with patients by leveraging advanced artificial intelligence, medical data forensics, and the decentralized blockchain. We envision extensive possibilities for the use of this technology by doctors, patients, and medical institutions,” Walter De Brouwer, founder and chief executive officer of doc.ai, said in a statement.

Deloitte Life Sciences and Healthcare is working with doc.ai to test the company’s Robo-hematology solution, which was developed recently at the Deloitte University in Dallas, Texas.

“doc.ai’s AI-based doctors provide answers to health questions using an AI-powered platform. Platforms like these open new possibilities for patients and medical organizations by providing more personalized, intelligent healthcare. We are excited to collaborate with doc.ai and to be at the forefront of this technology,” said Rajeev Ronanki, Principal of Life Sciences and Health Care at Deloitte Consulting LLP.

The platform operates as a Software as a Service (SaaS), providing service to medical companies, which will allow their patients to have personalized AI-powered conversations about their health around the clock. The conversations are personalized, based on the patient’s health data via a mobile app. The company expects to roll out three natural language processing modules — Robo-genomics, Robo-hematology and Robo-anatomics — for their clients.

Patients can ask the AI questions related to their health, such as “What should be my optimal Ferritin value based on my iron storage deficiency?” or “How can I decrease my cholesterol in the next 3 weeks?” or “Why was my glucose level over 100 and a week later it is at 93?”

According to doc.ai, the artificial intelligence will be able to provide answers for the patients with additional context for each answer. Furthermore, patients can communicate with the “AI-powered robo-doctor” to “achieve better health outcomes” from consultations with the patient’s physician.

The post The Next Doctor You Consult Could Be a Robot: Healthcare Meets AI and the Blockchain appeared first on Bitcoin Magazine.