Naddosha http://www.naddosha.com/ Sat, 12 Jun 2021 03:21:39 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 Women help women build houses – The Suffolk News-Herald http://www.naddosha.com/women-help-women-build-houses-the-suffolk-news-herald/ Sat, 12 Jun 2021 01:20:47 +0000 http://www.naddosha.com/women-help-women-build-houses-the-suffolk-news-herald/

The women of Hampton Roads were fortunate enough to come to Suffolk to be part of a bigger project.

Habitat for Humanity South Hampton Roads held its second annual Women’s Build Week in Suffolk from June 7-11.

During this week it is about women building houses for other women. The only men seen on the site during this week are the professionals. Professionals help the female volunteers to stay safe and teach them what to do during construction.

“The purpose of Women’s Build Week is to encourage women to come to the job sites and not be intimidated by the men,” said Rainham Rowe, Habitat for Humanity program director. “We want to encourage women to see business as a career choice.

Many of the volunteers were from Plasser American Corporation, an industrial equipment supplier and partner of Habitat for Humanity South Hampton Roads. Many of the women who came were office workers who usually spend their days behind desks, but they got a chance to try something new this week.

“One thing I appreciate is that we are all community driven,” said Danielle White, project coordinator at Plasser American. “This build is so important in showing women that they are giving back, and Plasser really embraces women in this area.”

Habitat for Humanity’s mission is to pay it forward. This new house was on vacant land that no one was maintaining. Now the lot will have a new home with a new owner bringing more tax money to the city and nicer land in the neighborhood.

“It’s about bringing the community together,” said Frank Hruska, executive director of Habitat for Humanity South Hampton Roads. “It gives a single mother a new home and the neighborhood and the community as a whole an improvement.”

Donica Miller is the owner of this new home. Miller is leaving Virginia Beach with his two teenage daughters and is thrilled to be a part of it.

“I am very happy,” Miller said. “It feels good to see volunteers assemble my house. I just feel very blessed.

Habitat for Humanity owners have specific requirements to obtain this home. Not only must they demonstrate good credit and the ability to pay the mortgage, but they must also invest 200 hours of sweat capital in their homes and other Habitat for Humanity homes. It is part of the Habitat for Humanity philosophy to lend a hand rather than a donation. Homeowners must also receive financial education to ensure their success in processing their new mortgage.

“I want to thank everyone who built my house,” Miller said. “It’s greatly appreciated and I hope the volunteers understand the impact they have on families.

Homeownership is one way to break the cycle of poverty, according to Habitat for Humanity. Children of homeowners are 25% more likely to graduate from high school, twice as likely to graduate from college, and 60% more likely to own their own home.


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Salespeople struggling with the marriage boom – finance & commerce http://www.naddosha.com/salespeople-struggling-with-the-marriage-boom-finance-commerce/ Fri, 11 Jun 2021 21:44:43 +0000 http://www.naddosha.com/salespeople-struggling-with-the-marriage-boom-finance-commerce/

Couples who went ahead and got married during tighter pandemic times with few to no guests and are now in their second go-around with larger groups are also contributing to the rush. They compete for services with those who had always intended to marry this year. “We’ve been out of trucks for some dates this year and it’s never happened before,” said Ben Goldberg, co-founder and president of the New York Food Truck Association. “Our phones ring nonstop with clients looking to host weddings they had to postpone during COVID.”

“We see a lot of last minute bookings with shorter scheduling windows,” said Anna Noriega, owner of luxury company Alorè Event Firm in Miami. “With increasingly widespread vaccinations and on-site COVID testing available for events, we have seen an increase in customer numbers and a surge in bookings. “It’s just a very big part of our culture,” Balagopal said of the extravagance. “In the end, it was really important to our parents.”

Now their big celebration takes place on August 15 outdoors at their home location in Park City, Utah, with around 230 guests and multi-day events, including seven clothing changes for the bride and groom. Many of their relatives in India are not allowed to travel to the United States. Above all, she is past the frustration phase of being a pandemic bride.

She and Suhaas Prasad, 33, met in 2014 and got engaged in May 2019. They planned a traditional South Asian Indian wedding last August in Utah, where Balagopal grew up, with 320 guests and events over five days. But they couldn’t get there under the pandemic restrictions. They decided to have a small sunset ceremony this month with less than 10 people in attendance at Muir Beach near San Francisco. This is where they had their first date and where Prasad proposed. Namisha Balagopal, 27, of Emeryville, Calif., Is among the double brides.

The boom is also active in wedding and bridesmaid dresses. “The wedding is going to be so much fun. It’s just deferred gratification at this point, ”smiled Balagopal.

“Couples get super creative and have ceremonies on Thursday evening or Friday afternoon just because of the number of people getting married this year,” Lord said. “We know that 90 percent of brides this year are looking to get married in outdoor locations,” where there are fewer restrictions. “Going forward, it will be an unprecedented wedding season this year,” said Maggie Lord, vice president of David’s whose online wedding planning guide, Rustic Wedding Chic, was acquired by the company. David’s has been tracking vast data on marriages during the pandemic. Economy chain David’s Bridal, with 282 stores in the US and more in the UK, Canada and Mexico, has 300,000 dresses in stock in part due to the drought of weddings in 2020.

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How he made his fortune http://www.naddosha.com/how-he-made-his-fortune/ Fri, 11 Jun 2021 11:47:51 +0000 http://www.naddosha.com/how-he-made-his-fortune/

Geoffrey Edelsten is perhaps best known as a flamboyant, larger-than-life character with an expensive taste, but he earned every penny he spent.

Edelsten, 78, died in his apartment in Melbourne’s CBD on Friday. Victoria Police said the body of a man was found at the St Kilda Road house and the death was not considered suspicious.

A report will be prepared for the coroner.

Edelsten, who spent the last decades of his life with much younger women including Brynne Edelsten and Gabi Grecko, spent a lot on luxury items but didn’t always have the money.

He started out in medicine in the mid-1960s, but didn’t realize significant profits until two decades later thanks to an idea that revolutionized the way people access medical help.

RELATED: How Geoffrey Edelsten Made His Fortune

RELATED: Inside Geoffrey Edelsten’s Colorful Relationships

After working as a resident at the Royal Melbourne Hospital, he moved to general practice in rural New South Wales.

He and a friend started a business in Sydney in the early 1970s, and while the idea behind Preventicare was revolutionary, it didn’t take off as he had hoped.

In 1984, Edelsten introduced what has been described as a “smart” new look for medical clinics. Its clinics offered group billing and 24-hour service, and many were adorned with luxury items including pianos and chandeliers.

Edelsten made headlines regularly, most notably when he was struck off medicine in New South Wales and Victoria for unconventional medical practices. He was also jailed in 1990 for paying a hitman to assault a former patient.

Despite the controversies, it was reportedly worth as much as $ 100 million at one point.

The colorful GP then founded Allied Medical Group with a business partner in the 2000s.

But in 2014, he admitted to having exploded most of his fortune – up to $ 63 million in two years – thanks to “stupid” investments.

The Sydney Morning Herald reported at the time that Edelsten claimed to have only $ 90 in cash when he filed for bankruptcy in the United States.

The report notes that Edelsten claimed to have “wasted” the $ 28 million from the sale of four medical centers in 2011.

He also launched a website called Australia’s worst journalist, which consisted of unflattering stories about himself.

Edelsten’s dynamic lifestyle, which included a fleet of Rolls-Royces, also led him to relationships with younger women.

He met and married his first wife, model Leanne Nesbitt, in the 1980s. In 2009, he met fitness instructor Brynne Gordon on a blind date in Las Vegas and had it. married in a few months.

Contacted for comment on Friday evening, her agent told news.com.au: “It is with great sadness to learn of the passing of Dr Geoffrey Edelsten today.

“On behalf of Mrs. Brynne Edelsten, we send our deepest condolences.

“Brynne and Geoffrey have had a great time, including their marriage which has seen Brynne live in Australia since their marriage in 2009.

“As their marriage ended after 5 years together, Brynne remains grateful for the good times the couple shared together and is deeply saddened and shocked to hear the news of her passing.”

Brynne, who was 25 when she met Edelsten on a blind date in Las Vegas, married the multimillionaire in style. Their lavish wedding on November 29, 2009 will be talked about for years

The couple, who had an age gap of 41, raised eyebrows with their breathtaking lavish nuptials that cost Melbourne’s Crown Casino $ 3.3million, considered the most expensive wedding ever to have. Australia.

In an interview with Stellar magazine, Brynne said she never married for money.

After her split, Edelsten was linked to model and fashion designer Gabi Grecko, 46 ​​years younger. They got married on June 11, 2015.

Edelsten and Grecko got engaged in November 2014 after he proposed to her in the Melbourne Cup at Flemington Racecourse.

Edelsten, who became the first private owner of the Sydney Swans AFL club, also had close ties to Carlton.

Former Swans and Blues player Greg Williams told 3AW on Friday night: “He was a great man, Geoffrey.

“People had an opinion of him, but he was very different from the real opinion. He was a great guy with a big heart and he loved the Swans even though he had barricaded himself for Carlton.

“He loved football and he couldn’t have looked after me better than him.

“I loved Dr Edelsten. All the guys who played for the Swans I’m sure there are some great memories there.


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The hot new place for personal finance advice? TIC Tac http://www.naddosha.com/the-hot-new-place-for-personal-finance-advice-tic-tac/ Fri, 11 Jun 2021 10:00:08 +0000 http://www.naddosha.com/the-hot-new-place-for-personal-finance-advice-tic-tac/

TikTok, the Chinese social media app best known for its young users and viral dance videos, is quickly becoming a forum for a different kind of moves: what to do with your money.

Search for #personalfinance and you will find that the videos associated with the hashtag have been viewed 4.3 billion times, while the #personalfinancetips content has 33 million views. The proliferation of money chats on TikTok, which has around 1 billion monthly users, indicates an increasingly eager audience for help on how to manage their money.

Just ask Tori Dunlap, a financial and professional coach best known on the app as @ herfirst100k. Dunlap, which aims to help women take control of their financial lives, joined TikTok last July and has since amassed 1.6 million followers.

“It proved to me that the folks on TikTok needed this financial advice. I didn’t think Gen Z would care, but they do a lot of it. It proves it’s needed in a non-judgmental way. and without shame, ”she told CBS MoneyWatch.

Dunlap, 26, often discusses topics such as why it’s smart to start investing early in life, how to pay off debt, and job interview advice. The areas of investing and personal finance can seem impenetrable, “and one of the reasons women lack financial equality and we are left behind is that we haven’t learned these things. Our goal is to translate it into English for everyone, especially women, ”said Dunlap.

Nicole Victoria, who runs the @nobudgetbabe account with over half a million subscribers, also wants to empower women in particular to be confident about their finances.

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Nicole Victoria, who manages the @nobudgetbabe account on TikTok, helps her more than 500,000 followers, many of them young women, take control of their finances.

Courtesy of Nicole Victoria


“When it comes to personal finance for women, they are told to stop shopping and spending money on Starbucks. And when it comes to advice for men, they are taught how to invest,” he said. declared Victoria. “I want people to know that cutting costs is just one part and that you don’t have to give up everything you love to get ahead financially.”

A large number of subscribers can also open up new revenue streams for the most popular TikTokers.

Nick Meyer, or @nicktalksmoney, is a 25-year-old Certified Financial Planner with over half a million subscribers on TikTok. He produces educational videos about money and the stock market – in addition to his daily work as a tax advisor at a small accounting firm based in Minnesota.

TikTok pays him a nominal fee per video viewing, which is enough for “about two weeks of racing,” Meyer said. But the real money, he said, comes from branded partnerships, including collaborations with tax preparation software TurboTax and Public.com, a platform that allows members to hold fractions of tax. ‘actions. “Once you start to have more subscribers, they become a lot more important. In the last couple of months, once I hit 100,000+ subscribers, I got a lot of deals from. brand, ”he said.

Meyer’s TikTok video earnings now rival what he earns in his day job. Stopping “is probably something I will consider in the next few months,” he said.

“An extremely powerful platform”

Delyanne Barros, a lawyer and money coach who calls herself @delyannethemoneycoach, said she joined the platform to educate people like her who are young, female and Latino – and not used to learn to invest from their peers. Barros joined TikTok over a year ago and knew she was on to something when her follower count quickly grew to over 180,000.

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Delyanne Barros said her 180,000 TikTok followers enjoy learning about personal finances from someone they can relate to.

Courtesy of Delyanne Barros


“I realized that it was an extremely powerful platform and that people were hungry for this kind of information, especially the millennials and millennials who never found this information elsewhere. No one has talked about it with them at work or in their family, and suddenly here it’s on TikTok, “she said.

Barros’ videos have covered topics ranging from debunking common investment myths to explaining the differences between savings accounts. She is also transparent about how much money she earns and spends.

“I teach new investors how to invest in the stock market and I’m on long term investing, not meme stocks, day trading or crypto. I’m just trying to teach people what a 401 (k) is. (k) and an IRA, ”Barros said. “It comes down to the basis of long-term investing, which can be unpopular on TikTok where users hear about GameStop and AMC.”

“It distorts what the investment is supposed to be”

Indeed, some of the investment education on TikTok comes from legitimate and well-meaning creators like Dunlap and Barros, who are either knowledgeable financial coaches or even certified financial advisors who want to help 20 and 30 year olds. to learn the fundamentals of investing and managing their money.

But there is a gap between these types of creators and what critics call unskilled users who share bad financial advice with inexperienced or untrained TikTokers.

Examples include recommendations to invest in individual stocks and cryptocurrencies regardless of what the fundamentals of the investment suggest about their high prices and risks. Beware of any clues that emulating another person’s investment strategy will also work for you. Caveat emptor, also, any promise to “get rich quick”.

“It skews what investing is supposed to be, and some people say, ‘Why am I going to invest for 20 years when I can earn this amount overnight? “” Barros said.

Dunlap advises investing for the long term, but recognizes that it may be at odds with the most popular type of content on TikTok.

“The definition of investing is putting time, sweat, blood and tears into something for a long time. Investing shouldn’t be sexy; it should be consistent and stable over a long period of time. time, ”Dunlap said.

“No cookie cutter advice”

So how can a newbie to personal finance tell the difference between good advice and bad advice?

  • Know who you are receiving advice from. A quick internet search will likely tell you enough about a person to indicate whether or not they are qualified to talk about personal finance. For example, they may have confirmed credentials such as CFP (for Chartered Financial Planner), CPA (for Chartered Accountant), or RIA (Chartered Investment Advisor). “Ask the source. Do your research on who you are taking this education to. You need to determine if this is something that might even work for your life,” said Victoria of @nobudgetebabe.
  • Trust your instincts. “If someone says you can make $ 1 million in a week, then yes, that’s too good to be true. If your gut tells you something is wrong, you probably shouldn’t trust that person, ”Dunlap said.
  • Don’t trust the advice of designers who know nothing about your personal finances. “There is no cookie cutter advice that works for John Doe and Jane Smith. It is done on a case-by-case basis and it depends on many factors,” said Jeffrey Feinman, a New Yorker. CPA and partner of accounting firm DDK & Co. “I would be reluctant to take advice on TikTok as it is a personalized decision and depends on many factors including current earning capacity, future earning capacity, that you are the beneficiary of a confidence, age, all of those things. “
  • Don’t expect to learn everything in 60 seconds. Think of a video as an introduction to a topic or concept that needs to be explored further. “I hope you engage more with this content, and don’t just say, ‘Okay cool, I watched the video – I know all there is to know now.’ said Dunlap.
  • Ignore users who promote so-called “secure uninterrupted compound interest accounts” on 401 (k) and other traditional savings and investment products. “If you’ve never heard these words before, beware as this is just a name for something else like life insurance that young people in particular don’t need,” said Barros. And Feinman took issue with the unfounded claim heard on some TikToks that investing in a 401 (k) is a bad idea: “I think the 401 (k) is a good vehicle,” he said. “I always recommend maximizing the amount so that instead of paying taxes, you use what you’ve saved in taxes to invest in yourself. I don’t agree with the advice not to and to put it in those other products instead. “

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Record numbers of women in England and Wales have abortions in 2020 | Abortion http://www.naddosha.com/record-numbers-of-women-in-england-and-wales-have-abortions-in-2020-abortion/ Fri, 11 Jun 2021 03:37:00 +0000 http://www.naddosha.com/record-numbers-of-women-in-england-and-wales-have-abortions-in-2020-abortion/

A record number of women in England and Wales had abortions last year, with an increase especially among women 30 and older.

A total of 209,917 abortions were reported in 2020, with a year-over-year increase from 207,384 in 2019. The largest increases in age-specific abortion rates were seen among women from 30 to 34 years old, going from 16.5 per 1,000 in 2010 to 21.9. in 2020.

Experts attribute the figures to the fact that women can seek abortion treatment at home during the pandemic and also to financial uncertainty, which means women have had to make “tough decisions.”

Clare Murphy, Managing Director of the British Pregnancy Advisory Service, said: “The increase in numbers is due to an increase in the number of women over 30 in need of abortion care, and may also reflect the fact that ‘With an early abortion at home becoming legal, women no longer need to seek help outside regulated providers.

She added: “But the pandemic has clearly had an impact on women’s pregnancy choices and that is reflected in the numbers. Faced with economic uncertainty, precarious employment and the need to juggle home schooling and work, women and their partners have made sometimes difficult decisions in the face of an unplanned pregnancy.

“It is not surprising to see the proportion of women who already have children seeking abortion increasing in this context as well as the increase in abortion among older women, which may also illustrate the problems of access. contraception during this period.

In March 2020, the UK and Welsh governments approved the home use of mifepristone, the first drug used in early medical abortion. This meant that early medical abortion care could be provided remotely for eligible people, via a virtual consultation.

The Royal College of Obstetricians and Gynecologists said the latest data showed this new route had become “the norm, with 46% of all procedures in England being provided by telemedicine and 62% of all procedures in Wales”.

In April 2020, the RCOG urged the government and decentralized countries to introduce the necessary regulatory changes to allow the two early medical abortion drugs to be taken at home. They said it helped reduce the transmission of the coronavirus, led to a decrease in the average length of pregnancies at the time of treatment and reduced wait times.

Dr Edward Morris, President of the Royal College of Obstetricians and Gynecologists, said: “Throughout the pandemic, early medical abortion has been redesigned to embrace a new model of virtual care. This has helped reduce the transmission of the coronavirus, keep women and their families safe, and support the delivery of essential health care.

“The data released today shows not only that it has helped our efforts to deal with the pandemic, but has also brought significant benefits to women by increasing access and reducing wait times, allowing women to receive care earlier in their pregnancy. “

Under-18 abortion rates have declined over the past 10 years, from 16.5 per 1,000 women in 2010 to 6.9 per 1,000 in 2020. The decline since 2010 is particularly marked in the group. under-16s, where the rates fell from 3.9 per 1,000 women in 2010 to 1.2 per 1,000 women in 2020.


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What is the Phexxi contraceptive method and who does it belong to? http://www.naddosha.com/what-is-the-phexxi-contraceptive-method-and-who-does-it-belong-to/ Thu, 10 Jun 2021 19:49:46 +0000 http://www.naddosha.com/what-is-the-phexxi-contraceptive-method-and-who-does-it-belong-to/

She spent afternoons playing Skat, a card game, with her mother and her mother’s friends, who taught her aphorisms such as “If someone shows you who they are, you should believe them. Or “there is nothing that an alcoholic drink cannot fix.” “

“I was 12,” said Ms. Pelletier. “They were seasoned and wise and had been through hell. What they hoped for me was that I would go out and never come back. What she did. (Although “on really bad days I tuck into my infrared sleeping bag and drink a martini,” she said. “Gray Goose, very dry with a lemon twist”).

After attending Husson University in Bangor, Maine, Ms. Pelletier worked as a sales representative at GD Searle, the pharmaceutical company that first developed the birth control pill, now owned by Pfizer. She became responsible for new global affairs in the women’s health division. “Working in pharma has taught me to speak with influence, to behave, to present, to use certain levers, to read a play,” she said.

In 2009, she founded a nonprofit called Woman Care Global, which focused on reproductive health around the world. While there in 2013, Ms Pelletier came across a product called Amphora, developed by a team of scientists at Rush University in Chicago and owned by a company called EvoMed that was in trouble. “They didn’t have the right strategy, they didn’t have the funding, the leadership,” she said.

Eventually, EvoMed investors separated the women’s health division, created a new company called Evofem, and handed over responsibility to Ms. Pelletier. Amphora was later renamed Phexxi (the first two letters represent pH and the double X is for the sex chromosome.) In 2015, she became CEO of the company. Since then, she has led Evofem to raise $ 491 million from investors and has hired 128 employees.


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Annita Demetriou, first woman President of the Cypriot Parliament http://www.naddosha.com/annita-demetriou-first-woman-president-of-the-cypriot-parliament/ Thu, 10 Jun 2021 17:06:05 +0000 http://www.naddosha.com/annita-demetriou-first-woman-president-of-the-cypriot-parliament/

The plenary session of the Cypriot Parliament elected Annita Demetriou, 36, member of the Democratic Rally, as the new president of the legislative body.

Demetriou was elected with 25 votes in the second round, beating the other six candidates who were the leaders of the opposition parties, Proto Theme reported.

She is the first female Speaker of Parliament since the founding of the Republic of Cyprus in 1960.

Demetriou is vice-president of the Democratic Rally Party (DISY) in power since February 1, 2020.

She studied Social and Political Sciences at the University of Cyprus and holds an MA in International Relations and European Studies from the University of Kent in the UK.

In 2016, she was the first woman to be elected Member of Parliament for the constituency of Larnaca.

Demetriou was secretary of the parliament, vice-chairman of the parliamentary committee on education and culture, vice-chairman of the parliamentary committee on human rights and equal opportunities between men and women.

In addition, she was a member of the parliamentary committee for monitoring development plans and controlling public finances.

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She was the spokesperson for the President of the Republic Nikos Anastasiadis in the 2018 presidential elections.

In August 2019, she was appointed by the Board of Directors of the Network of Women Political Leaders (WPL), Ambassador of the Network on behalf of the House of Representatives.

Demetriou was selected by the French government to participate in PIPA in Paris in April 2018 and was selected by the US government (International Visitor Leadership Program) to observe the US primary elections in March 2020.

READ MORE: Senators Menendez and Rubio introduce legislation for unprecedented military support for Greece.


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If you are young and / or female, increase your finances with these six tips http://www.naddosha.com/if-you-are-young-and-or-female-increase-your-finances-with-these-six-tips/ Thu, 10 Jun 2021 13:47:51 +0000 http://www.naddosha.com/if-you-are-young-and-or-female-increase-your-finances-with-these-six-tips/

Important information:The value of investments and the income from them can go down as well as up, so you can get back less than what you invested.

Whether you are young or old, regardless of your gender, the pandemic, for most people, has been difficult. New data from Fidelity International1 shows two clear and disturbing trends that have emerged. And for those affected by both, the situation is potentially doubly precarious.

The first are women. As the pandemic has made saving and investing difficult for all women, single women have been hit the hardest, with more than a quarter seeing their incomes plummet, putting real pressure on their ability to protect themselves. financially.

But they are far from alone. The other group that has been hit the hardest is young adults, and government figures confirm these concerns, showing that almost half (48%) of those under 25 were unemployed at the end of 2020.2.

What all of this shows us is that a significant proportion of young people struggled financially during the pandemic, and they will likely continue to struggle for some time. They may have had to postpone certain life events, work longer, or turn to the savings they had to supplement their expenses. Deferred plans can have ripple effects and using savings or working more hours will undoubtedly cause long-term worries for those involved, and those anxieties can creep into everyday life and other concerns.

As for women in particular, more than a quarter (27%) of single women have seen their savings impacted, according to our data. In fact, this group struggled the most when trying to save or invest in the past year compared to single men (22%) or both men (23%) and women (21%) in a relationship with.

It is not a total surprise. Earlier this year, our research highlighted the disproportionate financial impact of the pandemic on women, after a year in which women were 1.5 times more likely to have lost or quit their jobs. , women were much more likely to be put on leave while many of those who stayed at work lost productivity due to family responsibilities and other pressures3.

What it does, however, is leave us in a position right now, in which certain sectors of society are much more disadvantaged financially than others, and that has far-reaching issues not only for this generation, but potentially for generations to come. Because, while the average person in the UK has £ 66,818 in retirement savings, it drops to just over half that amount – just £ 34,079 – for single women.

And, just like the pandemic itself, it’s not just a UK problem, of course. Research from Fidelity International, which is part of an international study of women’s finances in six key markets, including the UK, Hong Kong, China, Taiwan, Japan and Germany also found that 31% of all women saw the amount of money they were able to save in the past 12 months, compared to 26% of men. This trend is true in all the markets studied.

So what can be done? Well, as always, financial independence is in our hands. It is essential that we face the facts, take the necessary action and tackle head-on the financial side effects of the pandemic.

And, of course, you don’t have to be young and / or female to benefit from these six steps below.

1. Tackle all the debts that weigh you down

Borrowing money is not always a bad thing and can often be unavoidable in difficult financial situations. As long as you pay your bills on time, you’ll build a positive credit history. However, there comes a time when you can have too much debt, which can cause a lot of stress. If you’re struggling to pay off an overdraft, try to come up with a clear plan of how much money you can realistically afford to pay off each month. If you have credit card debt, focus on the ones with the highest interest rates first and keep track of your due dates so you don’t have to pay late fees.

2. Be honest with yourself about your relationship with money.

Watching where your money is going is a no-brainer, but all too easy to ignore when it comes to managing bad spending habits. The easiest way to keep tabs on your budget is to write down your daily, weekly, and monthly expenses. Like it or not, you’ll soon spot trends and themes. And don’t forget that there are plenty of tools and apps online to make the job a little easier.

3. Take the time to think carefully about your next big life decision.

Given the financial challenges of the past year, it’s no wonder that so many of us have reconsidered our big life plans. With the UK coming out of lockdown, now is the time to put a few of these plans back on your priority list so you can prepare financially for them. For example, house prices have gone up, so you may need additional funds for a deposit if you are planning to move, travel plans need to be streamlined, or you may want to build up a bigger nest egg before starting a business. family.

4. Try to create a fund for rainy days

When money is limited, saving can seem daunting. While some experts recommend having enough savings to cover three to six months of your living expenses, this may be unrealistic for some. It is good practice to save as much as possible for a “rainy day”, so that you are prepared for the unexpected. When it comes to saving, every little bit counts.

5. Don’t be afraid to get help

If you feel comfortable discussing your financial issues with family, friends, or a partner, do so. Sometimes someone else’s thoughts / observations / experiences can make all the difference when you are worried about something. Additionally, there are free and unbiased resources, such as Money Advice Service and Step Change, which provide free expert debt advice. While it can be uncomfortable talking about money, it’s always best to start the conversation as soon as possible if you’re having a hard time.

6. Anticipate your future

Finally, keep an eye on the road ahead. A regular monthly investment in a Self-Invested Personal Pension (SIPP) or ISA is a simple, tax-efficient way to help give yourself the financial freedom you want for the future – while many employers will offer to match. employees’ occupational pension contributions if they choose to increase them beyond the legal minimum. And this step is even more crucial for women given both the gender pension gap and many women’s preference for “safer” savings over arguably more effective long-term investment.

Sources:

1 Research conducted by Opinium research between January 7 and January 12, 2021 with 12,038 men and women in the United Kingdom, Germany, China, Taiwan, Hong Kong and Japan. UK-specific results from the global study are based on a sample of 2,004 (990 males and 1,014 females). The description of single respondents refers to those who do not live in a couple and does not include those who are divorced.

2 ONS – Coronavirus and trends in youth labor market outcomes in the UK: March 2021

3 Institute for Fiscal Studies, How Mothers and Fathers Reconcile Work and Family Under Lockdown ?, May 27, 2020. https://www.ifs.org.uk/publications/14860

Important information:The value of investments and the income from them can go down as well as up, so you may get back less than what you invested. Investors should note that the opinions expressed may no longer be relevant and may have already been implemented. Tax treatment depends on individual circumstances and all tax rules may change in the future. Withdrawals from a retirement product will not be possible before the age of 55. This information does not constitute a personal recommendation for any particular investment. If you are unsure of the suitability of an investment, you should speak with a Fidelity advisor or a licensed financial advisor of your choice.


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Investing in the lives and livelihoods of Indian women is crucial for the nation’s full recovery http://www.naddosha.com/investing-in-the-lives-and-livelihoods-of-indian-women-is-crucial-for-the-nations-full-recovery/ Thu, 10 Jun 2021 07:03:46 +0000 http://www.naddosha.com/investing-in-the-lives-and-livelihoods-of-indian-women-is-crucial-for-the-nations-full-recovery/

Development and Aid, Economy and Trade, Featured, Gender, Global, Headlines, Health, Humanitarian Emergencies, IPS UN: Inside the Glasshouse, Population, Poverty and SDGs, TerraViva United Nations, Women and the Economy

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Participants in the UN Women’s Second Chance Learning and Professional Learning program in India. Credit: UN Women

NEW DELHI, India, June 10, 2021 (IPS) – Thousands of Indians have been affected by the latest COVID-19 outbreak. Not only those who suffer from the disease, but also those who treat them.

As with the first wave and the countless disasters that preceded it, women have taken on the heavy burden of caring for the sick and finding ways to meet the basic needs of their families.

The combination of illness, unpaid care, the economic downturn, lack of access to finance for women entrepreneurs and domestic violence has kept many women from returning to work.

Much of this is due to a long history of seeing women’s work as unimportant in the “real world” of the economy, and as unworthy of value in the household.

A recent report from Oxford shows that Indian women and girls spend 3.26 billion hours of unpaid care work every day, contributing at least 19 trillion yen per year to the Indian economy .[1] Yet in India, chores performed at home have historically not been considered “work”, due to gender and caste norms.

Susan Ferguson. Credit: Yvonne Fafungian

If these trends are not reversed, it will have a devastating impact on the economy while further exacerbating gender inequalities. For this generation of women to emerge relatively unscathed from this pandemic and return to the workforce, we need to invest seriously in the livelihoods of women and girls in our country.

India has now lost more than 300,000 people to the virus and that number continues to rise as the country struggles to cope with a deadly new variant that has exceeded its healthcare capacity.

The rural areas of the country depend on the incredible dedication of frontline workers: Anganwadi workers, ASHA (Certified Social Health Activist) workers, community health workers and nurses, as well as social organizers. civilian and volunteers.

This predominantly female workforce has been seriously overwhelmed. The ASHA program has only been around for 15 years, but it is often the only line of defense in remote areas.

These women have been hailed as national heroines for the dangerous work they have done, which has sometimes resulted in illness and death due to the lack of protective equipment. Many also face verbal and physical abuse during door-to-door investigations.

The accolades and appreciation – which are unrelated to any economic benefit or opportunity – serve as an ironic reminder that these women are still often forced to do double duty in the form of seemingly endless unpaid work at home. .

Public spending in India on health care is only one percent of its GDP, which is far lower than that of many other developing countries. Indeed, the Anganwadi and ASHA programs are technically qualified as volunteer work.

This devaluation of “women’s work” is reflected in the household. India’s First Time Use Survey indicates that while Indian men spend 80 percent of their working hours in paid work, women spend almost 84 percent of their working hours in unpaid work.

Health workers participating in UN Women India’s Second Chance Education Program present their “Certificate of Completion of Essential Nursing Training in COVID-19 Pandemic Management”. Credit: UN Women

According to NITI Aayog, women spend 9.8 times more time than men on unpaid household chores. In a country with a high proportion of multigenerational households, women spend an average of 4.5 hours per day caring for children, the elderly and the sick or disabled, compared to less than an hour for men.

The COVID-19 epidemic has only exacerbated this situation, and its impact on women’s participation in the formal economy is clear. Many women have had to formally stop working to devote themselves solely to unpaid work. In the decade leading up to the pandemic, women’s participation in the labor market had already trended downward, making women’s incomes in India just one-fifth of men’s – well below the global average.

Over the years, the Indian government and states have taken initiatives to increase the participation of women in the labor market. Starting with removing restrictions on women’s right to work nights in factories or appointments as board members, full maternity benefits and protection from sexual harassment in the workplace.

Initiatives such as the National Rural Livelihoods Mission, Skill India Mission and Startup India all have progressive policies, programs and legislation. Despite these important initiatives, the decline in women’s participation in the labor market has not yet been reversed.

After the recent outbreak of this pandemic, there is a risk that this labor exodus will become permanent. It would decimate both women’s livelihoods and the economy as a whole.

On the other hand, according to IMF estimates, equal participation of women in the labor market would increase India’s GDP by 27%.[2]

This crisis can be avoided if India increases its public investment in formal and informal care economies and harnesses the job creation potential of the care economy.

According to the ILO, the demand for care jobs (caring for children, the disabled and the elderly, both in urban and rural areas) will increase with working parents and an aging population.

According to the simulation results, increasing investment in the care economy to achieve the Sustainable Development Goals (SDGs) by 2030 could generate 69 million jobs in India.[3] Analysis shows that if an additional 2% of GDP were allocated to the Indian healthcare system, it would create millions of jobs, many of which would go to women.

It is essential that women working on the front lines in health care are recognized as formal workers and enjoy the same benefits and protections as any other comparable profession. The implementation of progressive child care and leave policies would also help ease the burden.

But there is also a need for a change in mentality that recognizes the value of this equally vital unpaid work. In fact, Indian politicians recently took the unprecedented decision to pledge to pay women for their unpaid work, a move that activists have long been calling for and could be adopted by the rest of the world.

Some have criticized such proposals, saying they will only entrench gender stereotypes and discourage women from entering the formal labor market. Therefore, in the long term, policies of this type must be combined with those which help women to participate in formal working life if they so wish.

These include initiatives that help women entrepreneurs find and secure funding for their initiatives, which they have struggled to access in the past.

It also includes expanding educational opportunities for women and girls. UN Women India’s Second Chance Education Program is a good example of how we can simultaneously tackle the pandemic and provide women with opportunities to advance their careers, by training frontline health workers. while providing access to employment.

We must also take into account the persistent problem of income inequality. We consistently see larger pay gaps in countries where women work longer unpaid hours. Although this situation has improved over the years in India, investing in healthcare infrastructure will ensure that women do not opt ​​for lower paying jobs when seeking roles that trade flexibility for hourly pay, due to home requirements.

The involvement of the private sector is also essential in this area: family-friendly workplace policies benefit women workers and can benefit the economy as a whole.

Ultimately, it will be about changing mentalities, sharing the burden fairly, and dismantling the idea that domestic work is exclusively the domain of women. Whether at home, in the office or in the field, we must stop taking women’s work for granted.

Susan Ferguson is the UN Women Representative for India. She joined UN Women in 2017, after a long career in international development. She has lived and worked in South Africa, the Solomon Islands and Papua New Guinea, and has experience working in local development agencies; establish and manage social services; work in local, state and federal government in Australia on social policy and social programs.

Donate to help women in India hit hard by COVID-19 ►

Remarks

[1] https://www.oxfamindia.org/press-release/timetocare-india
[2] https://in.one.un.org/unibf/gender-equality/
[3] Care Work and Care Jobs for the Future of Decent Work: Key Findings from Asia and the Pacific, ILO, 2018 (https://www.ilo.org/global/topics/care-economy/WCMS_633305/lang– in / index. htm).


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Gold under the new regime http://www.naddosha.com/gold-under-the-new-regime/ Thu, 10 Jun 2021 05:31:03 +0000 http://www.naddosha.com/gold-under-the-new-regime/

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Happy to see you again. I don’t own any gold other than a pair of cufflinks my dad gave me. My wedding ring is in platinum. But the subject is unavoidable, especially when the subject that concerns everyone is inflation. So this is it.

Email me at robert.armstrong@ft.com

A hedge against what, exactly?

Wednesday’s article on Japan in the 1980s was, in a sense, about regime change. The idea was that a big change in Japanese monetary policy, tax approach and corporate culture caused an asset price bubble and permanently reset all kinds of economic relationships. The question is, does the current outbreak of a concurrent accommodative fiscal and monetary policy and the Federal Reserve’s shift in attitude toward inflation mean the United States is heading for a similar regime change?

Given that one of the main risks of this potential regime change is, by consensus, high inflation – which would likely cause stock and bond markets to correct – my mind turned to hedging. Readers’ minds are in a similar position: I have received a number of emails asking me where the safe assets are.

Gold is an obvious candidate; it is often presented as a hedge against inflation. But it’s too general. Gold has one of the most stable relationships to the economic fundamentals of all assets. It evolves inversely with real interest rates with great regularity, especially in recent years (all graphical data from the Fed):

The yield on inflation-protected 10-year Treasury bills (the blue line) is the standard indicator of real interest rates, or the inflation-adjusted cost of money, which is currently negative.

Gold (yellow line, note the scale is inverted) has followed real rates, slavishly but upside down, for 15 years, rising when real rates fall and falling when they rise. There’s a simple reason: the real return on silver is the opportunity cost of holding gold, an asset that doesn’t earn money. Nominal rates have been rising lately, driven almost solely by inflation expectations, so gold has cut an uneven but mostly sideways trajectory in recent months.

Holding gold will not do you any good, judging by the graph above, if the new economic regime raises inflation, but also manages to stimulate real economic activity and real rates. For gold to work, you need to get inflation without any real growth gain (you can have an economic gain in the sense of easing the debt burden of sovereigns and households, even without real economic growth, but this is not what supporters of monetary / fiscal coordination tend to claim).

I wonder, however, if significantly higher and more volatile inflation would make gold more valuable as a hedge, even if real rates were to rise. High real rates that seem volatile might make investors want something stable in their pockets, right?

Below is a picture of the long-term relationship between gold and real rates. I have used another indicator of real rates here because inflation-protected Treasury securities are a relatively new phenomenon. Instead, I used the 10-year yields minus the annual CPI inflation rate. This makes a series slightly more volatile, but comparing it to Tips gives a pretty good match. I also left the inflation rate in (in gray).

The most interesting time here is the 1970s, when two huge increases in inflation pushed real rates down sharply. Focus on these years:

What is compelling here is that the relationship holds (falling real returns, rising gold) but it is not very stable. When real yields first collapsed between September 1972 and December 1974, falling more than eight percentage points, gold rose 179%, a very good return in a period when stocks lost a third of their value. But when inflation returned, between 1978 and 1980, gold was spectacular. On a significantly smaller drop in real returns, it rose 238 percent.

My tentative interpretation is that gold looked better and better to investors as inflationary instability persisted, leaving investors increasingly anxious.

But then came the 1980s and Paul Volcker’s Fed. Inflation seemed to have been put back in the bottle for good. And in a context of stable inflation, the gold-real rate relationship has been reduced to some extent. Real rates fell sharply between 1985 and 1990, an oscillation of more than six points, but it occurred in a gradual and orderly fashion, against a background of relatively contained inflation and inflation volatility. Gold only rose 25 percent. Again, the violence of the day, and how bullied investors felt, seemed to matter to gold, not just actual performance.

And the next big rally for gold came, of course, on the eve and in the aftermath of the great financial crisis, a period of volatility of sorts.

As real metal students will now have determined, I am not a golden bug. My modest suggestion is just this: the link to actual returns is persistent but varies in strength over time. A change in economic regimes, like the one many people are currently experiencing, could once again alter the gold / real rate relationship, which seemed so constant in recent years. Cover yourself carefully, friends.

Japanese flashback

I received several emails on Wednesday regarding my article on Japan from readers who worked in Japanese finance in the late 1980s, many commenting on how much today’s environment reminded them of that time. . Here is a particularly representative sample, from James Bogin, who worked as an analyst in Tokyo in 1987:

“Japan was hit harder than most by the oil shock of the 1970s. They had a weak currency and oil imports were 10% or more of GDP. They have long conducted a very accommodating monetary policy, leading to a stock market boom in stocks of hidden assets. . . With massive liquidity flowing. . . companies were issuing bonds convertible into stocks with warrants sweeteners because the interest rates were so low. I once asked a cement company why they raised money, and the answer was, basically, because it’s cheap, and we can. “

Discovering new reasons to value companies at ever higher valuations (“hidden assets”) is a familiar thing in the bull market. The same is true of the proliferation of delicate instruments (warrants, spacs). What particularly reminds me today are the companies that collect money “because it’s cheap, and we can”. Hello, AMC.

A good read

I ran into this on Wednesday, since 2018. It felt so true to me that I burst out laughing. What trait is key for an aspiring employee in law, finance, consulting, etc. ? It can be personal insecurity.

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