Welcome to the Walking Bank Theory Blog!
Stay tuned for weekly updates featuring a variety of content to help you unlock your true potential and turn your unique talents into a source of sustainable wealth.
Our blog will showcase insightful articles covering topics such as talent identification, monetization strategies, community impact planning, and more. Learn how to leverage your inherent abilities for personal and societal benefit.
The Walking Bank Theory: A Leadership Doctrine for the AI Age
Alicia Marie Phidd, M.P.S., J.D.
Where Do Rich People Dine Out in 2024?
The dining landscape has shifted significantly in recent years, particularly as economic factors like inflation and changing household incomes influence consumer behavior. As we delve into where affluent diners are choosing to eat out in 2024, we’ll explore the trends at popular chains like Applebee's and IHOP, and how these establishments are adapting to the needs of wealthier patrons.
Recessions and Your Financial Fortress: A Walking Bank Theory Guide
The economic landscape is a dynamic beast. It ebbs and flows, sometimes with predictable patterns, other times with jarring shifts. While a recession might seem like a distant threat, the reality is that it's a natural part of the economic cycle. And when your retirement day is looming, a recession can feel like a storm cloud on the horizon.
🚨 Recession 💰 Proof Your Finances 🗣 Plan ❌ Panic 👉 One Skill Needed
The economic market will fluctuate because this is life. Nothing stays constant. However, when your retirement day is August 5, 2024, and there’s a global stock market “selloff,” thoughts of a market crash become terrifying. The US is in a recession, but the powers that be are hesitant to label it, still reeling from the pandemic's aftermath. Unemployment sits at 4.3% and is projected to rise to 6%, potentially affecting about 10 million people—cataclysmic, to say the least.
Preparing for Job Loss and Recession: A Guide for the United States
As the unemployment rate in the United States hits 4.3% and job gains stagnate at just 114,000, the Sahm Rule has been triggered, indicating potential economic downturns. With companies like Walmart expecting employees to relocate on demand, tensions are rising. Many workers are revolting, resigning from their positions, as they feel the pressure of an uncertain job market.
Balancing Day Job and Side Venture (Hustle): Maximizing Talents with Walking Bank Theory
In today’s fast-paced world, many individuals seek ways to diversify their income streams beyond their primary employment. Balancing a day job with a side hustle can be challenging, but it’s a strategy that can lead to financial growth and personal fulfillment. Enter the Walking Bank Theory—a concept that encourages individuals to monetize their talents while still maintaining their regular jobs.
What to Do When You Get Fired Suddenly Because Your Company Was Sued
Experiencing sudden job loss can be a jarring and emotionally challenging event. This is especially true when a company abruptly shuts down or a department becomes defunct due to legal issues, as seen in the recent situation where the Global Alliance for Responsible Media (GARM) ceased operations following a lawsuit from Elon Musk’s X Corp. This unexpected closure has left many employees in turmoil, raising questions about their future and morale.
Why the 'Side Hustle' Mindset Won't Work in a Recession: Embrace the "Walking Bank" Philosophy
The world is changing. The traditional "side hustle" mindset – relying on trendy, fleeting opportunities – is no longer a sustainable path to financial independence, especially in a recession. This is where the "Walking Bank" Theory comes in.
What to Do in a Recession
The Walking Bank in the Face of the Storm: CrowdStrike, Employee Anxiety, and a Leadership Paradigm Shift
The recent global outage caused by a faulty CrowdStrike software update has sent shockwaves through the company, impacting not just its stock price but also the morale of its employees. With the economic climate already volatile, a significant drop in stock value can trigger anxieties around job security, especially in a company known for its high-growth trajectory. While leadership may be compelled to make tough decisions to appease shareholders, it's crucial to consider the human cost of such actions. This article explores how the "Walking Bank" leadership theory, as articulated by Alicia Marie Phidd, can offer a framework for mitigating employee anxiety and fostering a sense of purpose beyond the immediate financial implications of potential layoffs.
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