Siddharth Singh (@SidDSingh) header
Siddharth Singh (@SidDSingh) profile picture

Making Money Human đź’¸ Founder, Bolder Money

New York/London/New Delhi
Joined August 2009
Photo by Siddharth Singh (@SidDSingh)Photo by Siddharth Singh (@SidDSingh)Photo by Siddharth Singh (@SidDSingh)Photo by Siddharth Singh (@SidDSingh)Photo by Siddharth Singh (@SidDSingh)Photo by Siddharth Singh (@SidDSingh)
Siddharth Singh retweeted
I am a member of the Norwegian Nobel Committee. There are five of us. Five people, appointed by a parliament most of the planet could not find on a map, who decide, once a year, which human being the world has agreed to call good. I know. I know. I think about it on the tram. We meet in a building on Henrik Ibsens gate, a street named after a man who wrote almost exclusively about people discovering they are frauds, which nobody on the committee finds funny except me. There is a room with a long table and the portraits of the dead laureates looking down, Mandela, the Dalai Lama, a great many earnest men in spectacles, and one portrait we do not discuss, which is Kissinger, 1973, awarded while the bombs were still falling, after which two of our predecessors resigned and the satirist Tom Lehrer said political satire was now obsolete. We keep him on the wall. A reminder. Every family has the uncle. It is October in Oslo, which means the sun gives up around four in the afternoon like a civil servant, and it rains the particular Norwegian rain that isn’t quite falling, just hanging there, judging you. I arrive with wet shoes. I always arrive with wet shoes. There is coffee, because this is Norway and there is always coffee, we drink more of it per person than almost anyone alive, and someone’s wife has sent kanelboller, the cinnamon buns, and we sit, five Norwegians, damp, caffeinated, sugared, and we decide the moral standing of the entire species. Let me tell you how it actually works, because the world imagines a cathedral and it is, I promise you, a book club with a mandate. 287 nominations this year. 208 people, 79 organizations. Anyone can nominate, that’s the secret nobody understands: a professor, a parliamentarian, a former laureate, so the “nominee” list is meaningless, it’s a suggestion box, and every autumn some congressman nominates his own golden retriever and the press writes “SHORTLISTED.” Nobody is shortlisted. There is no short list the public ever sees. There is us, and the coffee, and the rain, and the portraits, and a Norwegian stubbornness that is older than the prize itself. We read reports. The institute’s advisers write them, thick dull documents, and we argue. Our chairman told the BBC once that in the final meeting “there is a high temperature.” High temperature, for a Norwegian, means someone slightly raised an eyebrow and then apologized for it. We don’t do high temperature. We do a long silence, and then Kristin says “well,” and everyone knows exactly what “well” meant, and it’s settled. That’s our shouting. “Well.” You’d have to be raised here to hear the violence in it. Now. This year. I will not say the name, because we never say the name, but you know the name. A certain head of state wanted this prize the way a child wants a thing in a shop window, which is to say loudly, and in public, and with the full belief that wanting it was itself the argument. He said he deserved it. He said he’d ended eight wars, a number that grew most times he said it, like a fish. He had other heads of state phone us. Israel’s prime minister posted it on the internet, “Give him the Nobel.” The leaders of Cambodia and Pakistan announced they’d nominated him, as though announcing it were part of it, as though we tally mentions. A man flew around the globe collecting endorsements for a Norwegian committee the way you’d collect signatures for a petition to the council about a noisy dog. And here, uff da, is the detail I treasure, the one that makes me smile into my coffee. The nomination deadline is the 31st of January. He took office on the 20th. So for all the phone calls, all the posts, all the gilded lobbying, the only nominations that could possibly count for this year’s prize were filed in the first eleven days of his term, before he had, by his own arithmetic, ended a single one of the eight wars. He campaigned all year for a prize whose window had shut while he was still hanging up his coat. We didn’t have to reject him. The calendar did. We just watched. Norwegians are very good at watching. We have long winters. People think we sit there weighing his deeds. We don’t. That’s the thing I can’t make the world understand. We’re not grading his homework. We don’t owe anyone the prize for a ceasefire, however real, however loud the announcement. “He made peace” is not a sentence that ends in a medal, the way he believes it does, the way he believes every good thing ends in his name on it. The will of a dead Swede says the prize goes to whoever did the most for fraternity between nations. A dead Swede, I should add, who made his entire fortune inventing dynamite and selling arms, and spent his last years horrified at his own obituary, which called him a merchant of death, and so bought his way to immortality as a man of peace. The whole prize is one guilty arms dealer’s attempt to launder his name. We are, all of us, administering a dead man’s public relations. I find this clarifying. It keeps me humble. It should keep everyone humble, and it keeps, by my count, no one humble at all. So who did we give it to? An eighty-five-year-old woman. A judge. Born in Durban, under apartheid, granddaughter of a Tamil man who came to South Africa as indentured labor, a bus driver’s daughter from the poor Indian quarter, who became the first non-white woman to run a law practice in her province, who defended Mandela’s people when defending them was dangerous, who sat on the Rwanda tribunal and the court at the Hague, and who, at eighty-five, is right now a judge weighing whether a genocide is a genocide. When we told the world, our chairman said the rule of law “underpins the system we have set up to ensure peace,” and that “peace requires justice.” She wasn’t even in Oslo. She was in Nuremberg. In courtroom 600. The actual room where they tried the Nazis. You cannot stage that. God staged that, and God, it turns out, is a better satirist than any of us. She did not phone us. She did not post. No prime minister demanded it for her on the internet. She had, as far as our deliberations are concerned, the one qualification the loud man could never manufacture, which is that she wanted the work and not the medal. The medal finds those people. It flees the ones who chase it. This is not a rule we wrote. It’s just the only pattern the hundred-odd years of our mistakes has ever shown. The reaction from across the ocean was immediate. His spokesman posted that we “place politics over peace.” Ja. Perhaps. We’re five damp pensioners in a rainy city; of course it’s political, it was always political, it was political when we gave it to a sitting American president nine months into his first term for the promise of things he had not yet done, and we have been quietly embarrassed about that one for fifteen years, so believe me, we had a particular reason this year to prefer a woman with fifty years of verdicts behind her over a man with eight wars in front of him and a deadline already behind him. Here is what he will never understand, the thing I’d tell him on the tram if he ever took one. We are the one prize he cannot buy, cannot post his way to, cannot have a friendly dictator phone in for him. Not because we’re incorruptible, nei, we’re as vain and wrong and human as the portraits on our wall. But because the entire point of the thing, the only power a small cold country’s book club has ever held, is that it goes to the person not performing the wanting. The moment you demand it, you’ve proven you don’t understand what it’s for, and proving that is itself the disqualification. He ran the most expensive campaign in the history of the prize and the campaign was the reason. He was never losing to Navi Pillay. He was losing to the concept. It’s dark now. Four o’clock dark. The buns are gone. Kristin said “well” an hour ago and we all went home. I’m on the tram with my wet shoes, and somewhere across the water a very powerful man is explaining to a camera that the prize is rigged, that we’re corrupt, that he’ll win it next year, and he genuinely might, we’re only five idiots and we’ve been wrong before, Kissinger is still on the wall. But not this year. This year an old woman in Nuremberg, in the room where the law once stared down the exact kind of man who thinks wanting a thing loudly enough should make it his, got a phone call she didn’t ask for. That’s the job. We don’t reward the man who ends the war and announces it. We reward the woman who spent fifty years deciding what a war was. He’ll never see the difference. That’s rather the whole point of him. Takk for i dag. I have to change trams.
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BREAKING: Americans outside the wealthiest 20% of the country have run out of extra savings and now have less cash on hand than they did when the pandemic began, per Bloomberg.
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BREAKING: A third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap, per Moneywise.
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Money is emotional, that’s why we’re building @BolderMoney to provide guidance and support to the biggest blind spot in our lives the emotional cost of money
I have very real financial anxiety. The fascinating part is I never used to. I've talked to 100+ founders and they've shared the same feeling. Only after selling Morning Brew for life-changing money has rumination & fear around finances lived rent-free in my head. So why is that? If I rationally have enough, why doesn't it feel like enough? I've spent a TON of time thinking about it & I believe it boils down to 4 things: 1) Learned scarcity mindset What caused this? A combo of zero visibility into finances as a kid, family members talking about $ anxiously, and my dad passing, leaving no family breadwinner. Plus, a dose of imposter syndrome that I was more lucky than good with Morning Brew, which leads me to believe what I have in the bank is all I’ll ever have. "Protect the nest egg at all costs" has become my motto. 2) Greater visibility into cost of life I never realized how expensive life was growing up. But now that I'm married, living in a HCOL city and I'm eyes wide open to the costs of a family, this knowledge makes me ruminate more about $. Shit's expensive. 3) Comparison to others When talking about money, wealth is all about your reference point. I'm in a text group of founders who sold their businesses. To some I'm wealthy, but when folks are worth 9-figures and talk about flying private and building their 4th billion dollar business, I don't feel wealthy financially. Comparison really is the enemy of contentment. 4) Feeling of importance In our society, especially in the US, professional success & financial success are treated as high status. They command respect, they get you access, they create attention. We all want more of what makes us feel important & valued and I'm not immune to this feeling.
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Huge fan of @mindfulmamasapp - amazing team!
LAUNCH Accelerator Spotlight 🔦  Parenting is rewarding, but can also be stressful. 👶 Parents need time to “reset” mentally and emotionally. Mindful Mamas is a mindfulness app with audio content and a community specifically for Moms.
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Slow & steady, come on India!
🔴 Watch Live | India’s historic shot at the Moon #Chandrayaan3 xitter.gq/i/broadcasts/1OdJrzDwg…
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This just screws up home ownership for consumers, who wants to compete against @blackstone
Institutional investors may control 40% of U.S. single-family rental homes by 2030, according to MetLife Investment Management.
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Siddharth Singh retweeted
Seed Investments Have to Be Reasonably Unreasonable. If something is reasonable or too obviously a good idea, assume it’s obvious to everyone else. Do something unreasonable. Be right.
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We’re taking on the biggest unsolved problem at the intersection of money and mental health, chat based coaching to make financial guidance accessible to all ✊
Replying to @LAUNCH
Co-Founders @SidDSingh and @Amy_E_Schultz aim to change that. @BolderMoney provides personal finance coaching for the emotional side of money.
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Anyone know the best way to pitch @alexisohanian about solving the emotional side of money with @BolderMoney
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Excited for @BolderMoney to be part of @LAUNCH and spending the day with @Jason in SF
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"We knew going in with @boldermoney that money is emotional. We thought the conversations would be about retirement or getting out of debt, but 90% of them sound like therapy. How do I ask for a raise at work? How do I deal with this hospital bill?"
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Looking forward to sharing more about our mission @BolderMoney and how we're defining the future of financial guidance
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Anyone else feel like they're massively behind when it comes to money?
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Hey corporate warrior, did you just find yourself unexpectedly terminated? Consider yourself very lucky, what a great opportunity to finally figure out what you really want to do! 5 things we've learnt from sudden changes, and corporate restructures: #chime #stripe #layoffs
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4. This will happen again, and again, especially when you're most comfortable, so, budget it in, expect it, plan for it.
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5. Cherish the interruption - what do you want now that you have a moment to decide? If you're looking for a new mission, DM me for a chat about Bolder Money #stripe #chime #twitter #hootsuite #cerebral #lyft #layoffs