Young Money by Jack Raines

Jack Raines

Jack Raines' thoughts on all things money, financial markets, work, and life. www.youngmoney.co

Episodes

  1. 15h ago

    Prestige Traps and Technological Shifts

    Today's episode is all about the fallacy of chasing prestige, particularly when we're experiencing platform shifts in real-time. The world is a dynamic, self-correcting place and the things that “were rewarded” in 2016 are not necessarily the things that will continue to “be rewarded” in 2026. Entire jobs (and careers!) are being made redundant by a tech shift at the same time that a 35-year-macro tailwind (declining interest rates) became a headwind. Any job that is “high-prestige” today might not necessarily be a good bet if the variables that led to that prestige have changed, and the world is changing faster today than it ever has before. Like this episode? You can subscribe to get my next essay in your inbox at ⁠youngmoney.co⁠ And get your copy of my first book: ⁠Young Money: A Field Guide to Wealth and Purpose in Your Twenties Do you need help integrating AI into your business? One of my best friends from grad school spent the last 2.5 years leading AI at a well-known venture fund, and he just started his own business helping financial services firms, investment groups, and manufacturing businesses identify high-leverage opportunities to apply AI to their workflows. If you or your company is looking for help here, let me know by replying to this email. Paper rich, cash poor, and looking to buy a house? Many founders, GPs, and early employees of hot-but-promising startups are facing a similar conundrum: they have $10m+ in paper net worth but only a fraction of that is liquid. If this is you, and you’re in “home-buying mode” (particularly in the Bay area or NYC), let me know with a reply. I might have something for you. For my startup founders who just raised new funding and are looking for a new banking partner: Shoot me a note and I’ll connect you to my friends at Erebor; they’ll take good care of you.

    Prestige Traps and Technological Shifts

About

Jack Raines' thoughts on all things money, financial markets, work, and life. www.youngmoney.co

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