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Ive worked for myself for nearly a decade, and in all but one of those years Ive earned more than the U.K. average salary. Some years its been a little more. Im naturally frugal, and even during the rockiest stretches, theres always been enough to cover the basicsplus a safety net if I ever truly needed it. Yet I worry about money constantly, gnawed by the sense that Im only one missed invoice from financial collapse. Although Im generally wary of self-diagnosis, the term money dysmorphiaa disconnect between how we feel about our finances and the realityfits me like a glove. From the rise of HENRYs (high earners, not rich yet) to the boom in income stacking, todays workplace trends illustrate just how messed up our relationship with finances has become. While money dysmorphia isnt a clinical term, its a shorthand that many workers now recognize. Credit Karma reports that 29% of Americans experience it, especially millennials and Gen Z, so Im in good company. But could the nature of solopreneurshipthe feast-or-famine cycles, the autonomy, the pressure to slay in your own lanemake us even more prone? Its absolutely heightened for solopreneurs, freelancers, and anyone with an unstable income, says Alex King, founder of financial education platform Generation Money. Without a fixed monthly salary, they normalize volatility and uncertainty, which can create a sense of inadequacy or inflated confidence in their finances. The numbers paint an intriguing picture. Advice site Freelancing Support reported that 41% of freelancers struggled with poor financial well-being in 2024, and a 2025 study found that three in four U.S. solopreneurs have less than six months worth of savingsor no safety net at all. Plenty of people have good reasons to be anxious. But a surprising portion are on solid ground: The number of six-figure solopreneurs has almost doubled since 2020, and research from the Minneapolis Fed shows that self-employed workers earn significantly more over their careers than those in traditional jobs. Everyones always thriving, innovating, scaling Kim Berndt, cofounder of the fashion tech collaboration lab We.art studio in Cologne, Germany, has been a solopreneur since 2017. After three years of not paying herself a salary, her numbers finally look stable. Emotionally, though, she feels anything but. Social media plays a significant role in warping her sense of financial reality. Its the biggest scam, because it creates the illusion that everyone is always thriving, innovating, scaling, she says. The two industries I straddletech and fashionglorify speed and visibility, yet theyre the Wild West when it comes to pay. Berndt has accepted that she may never feel stable, especially in an emerging field that many still dont understand and that offers little clarity around value. I chose self-employment, so I have to find ways to cope, she says. I identify with Berndts me-against-the-world mentality, so I was curious to hear what financial therapist Elana Feinsmith had to say about this predicament. I told her about the ripple effects of my own money dysmorphia: oscillating between avoiding my bank balance and obsessively checking it, hesitating to charge fairly, and feeling guilt and shame over basic spending. Finances are like an iceberg, she says. The numbers sit above the waterline, but below is where the dark, murky feelings live. She encourages me to examine not just the volatility of my work but also the money scripts I learned earlier in life. It doesnt take her long to extract that being the eldest daughter (surprise!) has something to do with it. Figure out the amount that would calm your nervous system, then project a few years down the line to see the real picture, she tells me. A panic alarm sounds in my headif only it were that simple. Feinsmith says that reaction is typical of money dysmorphia. It makes long-term planning seem impossible, and she sees clients grapple with it at every income level. Addressing the iceberg There are now 72.9 million independent workers in the U.S., and almost everyone wants to leave corporate jobs to start their own businesses, amid the fifth year of persistent inflation. King warns that these conditions are likely to breed more widespread money dysmorphia. But it doesnt have to define the solopreneur experience. Small structural changes can help close the gap between perception and reality. Have separate accounts for personal and business finances, King advises. Combining them distorts whether you feel rich one month and poor the next. Avoid months of paying yourself nothing, and dont overpay yourself when things go well. Ideally, work toward a baseline salary or a fixed minimum to cover costs. As the end of the year approaches, Im particularly beguiled by other freelancers 2025 roundups, where they highlight their wins, earnings, and learnings. Im all for championing the wins, but after ingesting a few, I fall into catastrophizing my own balance sheet. King points out that many of these updates confuse revenue with profit. Theyre not saying I made X amount, but then had to deduct what I spent on outreach, subscriptions, and training, because thats not sexy, he says. This year, Ill be approaching the freelance wrap-up posts with caution. And after consulting the experts, Im more convinced that theres no quick fix for financial dysmorphia. Yet just the idea of taking a pickax to my financial iceberg makes me feel calmer. Perhaps thats the best economic stability a solopreneur can ask for: not perfect peace of mind, but the confidence to keep moving anyway.
Category:
E-Commerce
As the midterm election primaries inch closer, some candidates are focusing their campaigns on how theyll regulate artificial intelligence. On the right, populist Republicans are warning that the AI industry stands to undermine the Make America Great Again movement. On the left, theres worry about the sectors growing political and social power. Across the spectrum, theres near-universal concern about what the technology might be doing to children. The donor class is now getting involved: A super PAC called Leading the Future backed by OpenAI executive Greg Brockman and Andreessen Horowitz plans to spend as much as $100 million in the midterms to support its preferred candidates. Another bipartisan super PAC, focused on pushing for a national framework on regulating AI, formed earlier this week. These fights come as the Trump administration pushes to limit the ability of states to regulate the technology. Alex Bores, who authored legislation on AI in New York state and is running to represent its 12th district, has become an early target for Leading the Futures political spending during the midterms. It’s a badge of honor, he says, comparing the effort to an F rating from the National Rifle Association. This is not tech versus everyone else, he tells Fast Company. This is one small subset of the tech ecosystem that, instead of engaging in collaborative discussions on bills and how we can work for all, has decided they want to drown out the voices of anyone who isn’t them by spending hundreds of millions. Fast Company chatted with Bores about AI in politics, his time working at Palantir, and what it might take to modernize the government. This interview has been edited for length and clarity. One of the things the draft executive order talks about is creating a federal approach to regulating AI by the Trump administration. How seriously do you take that? It’s a cliché in D.C. that when you want something to not get done, make a commission to study it. And so making a proposal to study a thingto maybe put a policy forwardis silly. I want to be clear, the correct answer to these questions is a federal standard. The only reason the states have been acting is because the federal government hasn’t. If they want to actually work on a federal standard, they will find partners across the aisle. What they are prioritizing is stopping any state from taking action, not actually solving problems. We’re in a moment when there’s a lot of criticism and debate about what the future of the Democratic Party should look like. In New York, a liberal stronghold, Im curious about where conversations about how we should handle emerging technologies and AI might sit in the remaking of the Democratic Partyand the push to focus on issues that speak to younger voters and disaffected voters who havent been so into what the Democrats have been offering. We should always be human first and human focused. The specific ways that plays out in AI policy are ones that speak to younger people. The biggest impact of AI on the job market right now is on entry-level jobs, and you’re seeing a rise in unemployment of people in that cohort looking for their first job. One of the most popular things we did in New York this year was phone-free schools and making it so that we could actually change how tech is used in the classroom and make sure that it’s been used for education and not for screening or scrolling on social media. [Earlier this year, the state instituted new rules on electronic devices during school hours.] We shouldnt shoot for one big grand bargain on AI, as if it’s a static issue. It is something that infuses everything we do, and we need to continually be updating our protections as the technology grows. Can you talk a little bit more about what you did at Palantir and your decision to leave? I was at Palantir for four and a half years. I spent the vast majority of that time on the federal civilian team, and so it was working with the government to better serve the American people. I worked with the Department of Justice to go after the opioid epidemic. . . . I worked with the Department of Veterans Affairs on better staffing their hospitals and better serving veterans. I worked with the CDC [Centers for Disease Control and Prevention] on understanding epidemics. I’m really proud of the work that I did there, because it was all about actually making government work better. Separate from tech, I think that’s the thing that the Democratic party and the country as a whole needs to see more of, is people who are willing to push through the obstacles and make sure that government is actually a force for good and serving people, and not just the political mudslinging that is most of what they see on TV. I left in 2019 when Palantir renewedor soon afterPalantir renewed their contract with ICE. Palantir had a contract with Homeland Security Investigations to help with fighting cross-border drug trafficking and human trafficking. During the first Trump administration, they started using that software for Enforcement and Removal Operationsfor what most people think of as deportation. That’s a different department within ICE. . . . That wasn’t something that was foreseen when the contract was signed in the Obama administration. And when Palantir renewed that contract, without cutting off that work or putting in protections that would step up in the future, that motivated me to leave. What do you make of the conversation surrounding Palantir right now? The company has insisted that its worked through multiple administrations, but the work with ICE, as well as with Israel, has sparked major criticisms of the company. I haven’t been there for six years, so I don’t have more detail on how they currently operate than anyone reading the news, but I’m proud of the work that I did there and very public with the reasons why I left. How hard is it to buy technology in government to make things faster, more efficient? Government modernizationupdating government software and providing better customer servicecontinues to be a big challenge. No one asks about government acquisition. This is amazing. It’s horribly inefficient, and that hurts the American people. It takes the government far too long to be able to sign a contract, so the costtherefore what the American people end up payingrises. It then benefits sort of the insiders who know how to do contracting more than the people who can deliver useful services, so then the American people don’t get the benefits from startups and others that might have cheaper, faster ways of solving problems. It is a problem at every level of government. One of the first bills I passed in New York, as an Assembly member, was making it easier for the government to actually use cloud computing instead of buying servers and always running on hardware, which slowed down getting services to New Yorkers. . . . A program called FedRAMP was supposed to make it easier to get tech to the government: You would do one security screening, be certified, and then be able to sell to each [federal] department, so they didn’t have to do their own [screening]. But it has become an incredibly onerous process that just makes it much more difficult to actualy work with the federal government. Should politicians be using generative AI in advertisements? I haven’t done it. But I have written the laws in New York that regulate it, and what we came to was it has to be disclosed. And if you use it to make deepfakes of a candidate, the candidate has the right to sue for injunctive relief with expedited review to pull that ad down if it’s going to deceive the public into something that actually happened. The problem of deepfakes is one that has a technical solution, and policymakers just haven’t kept up. Historically, we’re told it’s . . . just going to be a cat and mouse game where you have better detectors of deepfakes and then better AI generators [or that] we’ll never win that battle. But the industry has created a free, open-source metadata standards of data called C2PA that can be attached to any standard audio, video, or image file type that cryptographically proves whether that piece of content was taken from an actual device, was generated by AI, and/or how it’s been edited throughout the process. If you got to a place where 90%, 95% of people were using that standard, we’ve solved the problem of deepfakes, because anytime you don’t see that credential, you would immediately be suspicious of what’s being shown.
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E-Commerce
After Thanksgiving, brands will bombard you with Black Friday and Cyber Monday promotions. It can be overwhelming to know what to buy. After all, some deals aren’t actually all that good. And besides, you don’t want to make impulse buys that you’ll regret later and that will end up in a landfill in the near future. To help cut through the noise, we’ve picked out the best deals from design-forward brands. They create beautiful products that are thoughtfully designed to last for years. We’ve even picked out some of our favorite classic products that you will enjoy using for a long time. All the prices below are before discounts. [Photos: MoMA Design Store] MoMA Design Store 20% off site-wide Might we suggest these quirky espresso mugs ($50) or these toasty Jeffrey Gibson-designed slippers ($85) or this gorgeous color-saturated Japanese toolbox ($145)? [Photo: Boll & Branch] Boll & Branch 25% off site-wide, with up to 50% off select styles Boll & Branch has some of the most beautiful bedding on the market. But more impressively, each product is fully traceableso you know that neither workers nor the planet were harmed in creating them. Their soft blankets are worth the investment. We recommend the signature hand-stitched quilt (from $498) and the new woven icon ($699). [Photo: Brightland] Brightland 25% off site-wide It’s not just olive oil; it’s olive oil in an elegant bottle adorned with art. The Artist Series ($170) features labels featuring exclusive art from independent artists that Brightland commissioned. There’s also a Classic Minis gift set ($89) that serves as a sampler. The boxes are packaged so beautifully that you don’t need wrapping paper. [Photo: Terra Kaffe] Terra Kaffe Between $250 and $400 off If you’re in the market for a new coffee maker, this beautifully designed, high-tech automatic espresso machine by Terra Kaffe could be your answer. It doesn’t require any pods (just beans), which saves plastic. The Wi-Fi-enabled, fully loaded machine goes for $1,995 (now $400 off), and the compact Demi goes for $795 (now $250 off). [Photo: Everlane] Everlane Up to 50% off everything Skip the impulse buys and shop for classic, minimalist pieces, which are Everlane’s specialty. You can’t go wrong with a wool rollneck sweater ($228) or a pair of classic leather booties ($298) or the brand’s new fully recyclable jacket, the Everpuff ($348now at half price). [Photo: Baggu] Baggu 25% off site-wide It’s time to stock up on some of the best-designed reusable bags on the market. The Duck Bag ($42) is an icon. Don’t sleep on the limited-edition three-packs of standard Baggus ($42), which now come in Miffy and Western designs. [Photos: The Citizenry] The Citizenry 25% off site-wide We recommend the brand’s architectural vases that are handcrafted by artisans in India and Mexico, like the Vati ($79) or the Terranova ($429). The home decor company is also famous for its Mercado baskets, which start at $105. [Photos: Larroudé] Larroudé 50% off site-wide (exclusions apply) Larroudé is known for making comfortable shoes designed by the former fashion director at Barneys. They are high quality and manufactured in the brand’s own factories in Brazil. Now is the time to pick classics you will wear for years to come, like the block-heel Ricky Boot ($550), the party-ready Ari Pump ($395), or the Verona Ballet Flat ($315). The brand’s new sneaker, the Stella ($250), has been a bestseller this year. [Photos: Clare V.] Clare V. Special deals across the site The brand’s iconic designs include the Moyen Messenger ($485), the Simple Tote ($575), and the Remi Backpack ($485). [Photos: Alessi] Alessi Up to 50% off everything, plus an additional 10% for Black Friday The Italian housewares brand Alessi is very popular among design nerds for good reason. Over the years, it has collaborated with industrial designers and architects to make thougtful products for everyday lifefrom a flyswatter designed by Philippe Starck ($30 now 25% off) to iconic kettles in the shape of a cone, originally designed by Aldo Rossi ($435 now 25% off).
Category:
E-Commerce
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