Norma Walton, Not Your Parents’ Workforce

One of our businesses was growing and we were looking for someone to work 16 hours every weekend. I had been doing the work myself while growing the business, but the business had become busy enough that it could afford to pay someone to do that work.

First I chatted with my friend’s husband. He works during the week and is saving up for an apartment for his young family so was keen on weekend work to supplement what he earned from his regular job. He is 27 years old. He did an excellent job for me for a few weekends then told me that he had decided he could no longer work after 5 pm…ever.

Next, I chatted with a hard working woman with whom I work from time to time and I mentioned that we had this position available. She told me her son Mitch was desperate to make money and that she was sure he would love to do it. Mitch is a nice single 35-year old guy whom I knew and liked. I immediately offered the work to him. He thanked me for thinking of him but explained that he never worked on Friday, Saturday or Sunday.

The third was a 32-year old Uber driver named Nur whom I met when he drove me home. A former fighter pilot, he had emigrated from Afghanistan via America. He told me he needed to make money. He did the work one weekend, collected his money, then he just didn’t show up for work the next weekend. It was obviously beneath him. I haven’t heard from him since.

Fourth time lucky. The fellow who now works with me on the weekends is from Barbados. He emigrated to Canada a year ago because it was impossible to make a good life in Barbados unless you were a member of the police or the military and he didn’t qualify for either. He loves Canada because if you work hard, you can create a decent life for yourself. He came here a year ago. He has found opportunities through keenness. He obtained his forklift truck driver’s license. He then started working for an agency each week while working to upgrade his license. He works with me on the weekend and is saving up to secure his own studio apartment near York University and then to afford a car. He is 27 and so far very reliable.

Back when I was a teenager into my early 20s, I was always interested in making money if I could fit it into my school and sports schedule. I began working when I was 13 years old and secured my license the day I turned 16. I was not unusual among my peer group. We all wanted to make money, play sports, drive cars and get our own place. Leisure time was what you grabbed late at night or over a couple of hours on the weekend, if you were lucky and had finished all your chores at home.

In my (now dinosaur-like) experience, if you wanted to make extra money, you needed to work evenings, weekends, nights, mornings, afternoons – basically, anytime anyone would pay you. You needed to show up for work when you were required. Keenness was critical. Asking for more work was important. Basically, everything else in your life took a back seat to making that extra money you wanted so you could accomplish whatever objective you had at that time.

The type of work was not as relevant as how much you were being paid per hour and how many hours you could secure. Being fulfilled at work was not even a consideration. I remember working three summers in a row on the line at Ford putting hood covers on because 27 years ago they paid $25 an hour. I can still do that specific job in my sleep because I put 60 hood covers on every hour for 48 hours a week for three summers in a row…138,240 hood covers. The job was mind-numbing but that money helped put me through school and paid for my car expenses. Needless to say, I had very little leisure time those summers.

My values are no longer prevalent. In seeking to fill this weekend position, it became apparent to me that the workforce has changed since I was a girl. Work-life balance in your 20s and 30s is now valued far more than money. People say they want to make extra money, but they mean only if it does not inconvenience them in living their best life. Hence a lot of people in their 20s and 30s are living with their parents, with siblings or with roommates. They don’t drive. They value leisure time more than making money.

For better or worse, while trying to hire someone for weekend work, I realized that this is not my or my parents’ workforce.


MONEY News: Mergers and Acquisitions- AT&T and Time Warner Inc.

AT&T’s Stock Could Be a Great Bargain for Investors

AT&T Inc. (NYSE:T) reached a new 52-week low on Tuesday as the company released its third-quarter earnings which failed to impress investors. AT&T’s revenue of $39.67 billion fell short of the $40.10 billion that was expected. Year-over-year, sales were down 3% as the company saw a decline in its legacy wireline services as well as its consumer mobility segment. Earnings per share of $0.74 also fell short of estimates, just narrowly missing the $0.75 that was expected by analysts.

AT&T also add less wireless customers than was expected, although their postpaid churn rate of 0.84% was well below the 1.08% estimated by analysts.

Despite a soft quarter, AT&T did not adjust down its guidance for 2017.

The stock was only down 1% on the disappointing results, but this is because earlier in the month AT&T’s stock declined 6% when the company sent out a warning stating that it was going to show a net loss of 90,000 video subscribers in the coming quarter.

Had the company not sent out that warning, we likely would have seen more of a decline in the share price. However, there is reason for optimism with the company still working on closing its acquisition of Time Warner Inc (NYSE:TWX), which will further expand its offerings and solidify a stronger grip on the market.

With a dividend of 5.6% and a price to earnings multiple of just 16, AT&T might be a great buy coming off a poorer than expected earnings result. Over the long term the future should present plenty of opportunities for growth that will more than offset any short-term struggles.

Budgeting your finances made easy

Unless you are super-rich, you’ll probably have had times when money is really tight and you have to think about what you’re going to do to deal with the situation.

There’s rarely one specific reason that contributes to financial difficulties. It’s often a buildup of things and then something that just pushes you a bit close to the edge. You could have unexpected medical bills, find your rent going up but not in line with your wages, or be told that your job is changing and you need to get to work in a car instead of taking public transit.

Major events such as a death in the family, divorce, or losing your job can make a huge difference to your finances for a time, but despite possible problems, it’s easier than you might think to get control of your money and learn to budget.

How should you go about it?

Track your expenditure

When you’re looking to save money, it’s essential that you know how much you are spending and how much income you are bringing in. If your expenditure is above your income every month, then you’re racking up problems for the future. It’s not hard to keep track of what you’re paying out every month, but you need to keep an accurate record to keep yourself in the know.

You should have a grasp of what you spend on your utilities, mortgage or rent, groceries, and gas, but make sure that you’re writing everything down as accurately as possible. Your rent or mortgage should be static for at least a year, unless interest rates suddenly increase and your landlord or lender decides to make a change, and if you pay a monthly amount for your utility bills that is evened up at the end of the year, you can budget for this more easily than getting in unexpectedly high bills on a monthly or quarterly basis.

Even things such as buying a sandwich for lunch, grabbing a coffee from a stand, or buying a newspaper should go into your expenditure. Only then will you be able to see the pattern of your spending and put it against the income that you are getting.

Saving money for a purpose

There are many things that you want or need to buy even when your financial situation is not as rosy as you would like, but there are a number of ways that you can save money and put money aside for the larger item that you want.

Look again at your pattern of spending. How much food do you buy and then throw out? Talk about a complete waste of your money. Plan your food shopping carefully, cut down on the expensive impulse buys, and make sure that you use everything that you have bought.

It’s the same with drinks. You might like fizzy ones, but they’re not essential to your wellbeing, perhaps the opposite. This doesn’t mean that you shouldn’t buy them from time to time, but water from the faucet is an awful lot cheaper and a lot better for your body.

Again, if you enjoy alcohol, think about cutting right back, and when you have a drink, you may enjoy it a lot more. It’s expensive and a great way of saving money to put towards other things.

An evening meal out is also a pleasure to be enjoyed, but as part of your budgeting process, look at what you are spending and perhaps cut down on the number of times you do it. You’d be surprised at how much you can save. Couple that with learning some good recipes and using up all the food that you buy, and you’ll see a remarkable difference.

Using the savings

You can build up money so that you can use it as a deposit for a new home appliance or a new car. When you need a new vehicle, do some research about the best time to buy a car so that you’re not caught out. Like everyone else, you’ll be looking for the best deal that you can get, and if you’ve saved a decent deposit and have a vehicle that you can sell or part-exchange, it puts you in stronger position to get the car that you want at a price that suits you.

The same goes for a new refrigerator or washer – budget to save money and you can negotiate more effectively.

Budget for the future

Budgeting just needs some thought and work, but if you do it right, you’ll find that you have more money than you had before and more options to buy exactly what you want when it comes to larger purchases.


Managing finances as a student

Money is a constraint, and you cannot get rid of it even if you’re a student. In fact, it doesn’t matter whether you’re running or not, what matters is whether you’re managing your finances properly or not.

In this post, the latest look at some of the most important ways in which every student should be in a position to manage the finances and be financially stable.

1. Making a budget for everything

You might not realize, but it is important to have a budget for everything because it gives you an opportunity to analyze whether you’re spending less, overspending or spending the right amount for a particular category. Analysing this will only help you and pushing forward and ensuring that you do not make a mess out of the opportunity you have in hand. It will also help you in cutting down on your expenses significantly.

2. Look for shared expenses

As a student, you have to look around and be sure that you’re looking for ways in which you can cut down on your expenses without missing out on the fun factor. With this being said, you should continually look at the opportunities available and be sure that you’re sharing your expenses in the best possible way. Sharing expenses will help not only you but also other students participating in the same.

3. Look for the right financial sources

When we talked about different financial sources as far as students are concerned, a student loan is one of the most common sources of funding, and it continues to dominate the financial sectors for students. However, you should even consider an option to refinance student loans and make it a point to explore every option that works for you.

4. Get rid of everything that is not necessary for you

It is important to get rid of things and events that do not make a considerable impact in your student life. You should understand that if it has yes or no impact on your life, you should try to avoid the situation by simply look away and try not to tempt yourself with unnecessary wants. Remember that wants will never end and you’ll be a slave of your wants forever until the time you do not stop yourself and make it easy to make the right choice is at the right time. Your choices decide your life, and if you do not make the right choice is as a student, things will only turn out to be worse for you in the future. So, be careful with the selection you make today.

Personal loans: Did you know these things?

You don’t have to be a genius in order to understand what a personal loan is. A personal loan is a credit that is offered by a financial institution, like the bank, for personal use. If you need money right away, say you’re planning on taking a trip to an exotic place, then the thought of applying for this type of credit has definitely crossed your mind. If this is the case, there are some things that you need to know about personal loans. Let’s tart the countdown.  


A personal loan doesn’t need to be secured

Just for your knowledge, credits fall into two major categories: secured and unsecured. A secured credit is one that’s protected by an asset or collateral. This practically means that you have to provide the lending institution some kind of guarantee. It can be your vehicle or your property. The great think about taking out a personal loan is that you don’t have to pledge any of your assets. Do you know why? Because the loan is unsecured.  You don’t have to hesitate when it comes to borrowing money because the lender won’t be able to take your automobile or your house in the event that you can’t make the payments.

Your credit score is considered

While the lender doesn’t have the power to seize your personal possessions, they are able to impose restrictions. As you can imagine, financial institutions can’t afford to take changes, so they approve personal loans only after having reviewed the applicant’s credit score. There is a minimum credit score requirement that you have to meet. If you have a credit score that’s well-above the average, you have nothing to be afraid of. On the other hand, if the situation is different, you need to do everything possible to boost it. There are many things that you can do, like pay off your credit cards or pay your bills on time.

Convenience is the word of the day

Convenience is what characterizes a personal loan. Everyone will agree with the fact that this type of unsecured debt is highly convenient. If you make a lot of money, then you can borrow a substantial sum. Banks and in general financial institutions don’t have limitations when it comes to lending money, so if you ever happen to need cash for emergencies, you can rely on a personal loan. You don’t wait for ages to get a response. Everything is handle in a timely fashion and as professional as possible.

The repayment period is a fixed one

When you obtain a personal loan, you’re required to make fixed payments, usually once a month. In other words, you have a period of time in which you have to pay the money back. The faster that you can pay off your credit, the better. If the debt extends over a long period of time, the interests rates are higher. But this doesn’t mean that you’ll have to dig deep into your pockets. Far from that. Just that it’ll take longer.

How Will the Next Economic Crisis Affect Forex Trading?

Just when you start thinking you’re safe, the economy comes right back to bite your leg. We got over the Great Depression; so, we finally got our things in order, and we started making the money and bringing progress into our future.

But as the laws of Murphy seem to remind us, if things seem to be going right, then something is bound to go wrong. The economic crisis is upon us, and the first thing that will receive a hit will most likely be the Forex trading.

What Is Forex Trading

Foreign exchange, or in short, Forex, is an international market where people buy and sell currencies. The concept is close to the stock exchange, where shares of companies are traded among themselves.

Also, like within stock markets, you don’t gain ownership of that money. You simply profit from changing the value of said currency; you benefit from the exchange rate. And the Forex market is actually the one that sets the value of that exchange rate.

The Causes of Economic Crisis

We don’t just run out of money without a reason. We run out of money because we do it to ourselves. Take the Great Depression, for instance; we never even saw it coming.

One day, we all had roofs over our heads and threw money everywhere we could. The next day, banks collapsed, we were jobless, and half of us lost our investments. And we’re the ones that caused it.

The sad thing is that it’s happening all over again, and it’s making an impact on the Forex system as well. Here are the main causes of the next economic crisis and how it will eventually affect the Forex trading system:


  • Political Events


Every nation has elections; they’re so common, we don’t even think twice about them. Still, an election can also have a great impact on the economy of a nation. Think about the money that goes into the election campaign. For one, that’s money that goes down the drain, just to attract the voters.

Secondly, traders see elections as an isolated case of probable uncertainty and political instability. In most cases, a Forex participant will keep a close eye on the election pool and try to predict the outcome. If the government changes, chances are that the ideology will also change. They may take a different approach to fiscal policy, which will eventually affect the value of the currency – and ultimately, the exchange rate.

  • Natural Catastrophes

A natural disaster can leave a great hole in the economy of a country. If said nation experiences a massive earthquake, flood or tornado, many things will be lost: lives, morale, and also infrastructure.

As a result, a lot of the nation’s money will go into trying to repair the infrastructure. The higher-ups will have to tap into the country’s resources to clean and rebuild. Therefore, instead of pushing that money into a more advantageous venture for the economy, they are burying it into patching up breaks in the chain of value.

Consequently, the economy will also be weakened, and the exchange rate will go down. A disaster-stricken country will avoid spending as much money, to prevent making the hole even bigger. Suffice to say, a natural catastrophe will definitely mean the fall of the economy’s currency.

  • War

War, like elections, is also something that we do to ourselves – only to a larger scale. The impact of physical war on foreign exchange is never pretty. That’s because, just like natural disasters, it leaves behind a broken infrastructure that will ask for a lot of money to fix.

Citizens will most likely have to borrow from other countries in order to get back on their feet, and their efforts will most likely have to be financed by cheap, low-interest rates. This will eventually lower the currency value – and there you have another situation where Forex will be affected by the economic crisis.

All we can do right now is hope that countries won’t start aiming rockets at one another; however, since humanity is territorial and wants power, it will eventually happen – regardless if it’s ten or fifty years from now.

Final Thoughts

The more we dig holes into the economy of our country, the more the exchange rate will go down. All we can hope for is that Forex participants will see these changes coming and come up with solutions. Even you can learn more about trading and sharpen your skills by setting an online virtual trading account.

An Introduction to Financial Instruments

What are financial instruments, and how are they used in the world of finance? These are the kinds of questions you might be asking yourself as a newcomer to the market. You will certainly need to know what they are, and how you can make the most out of such assets.

These financial instruments are simply the types of assets which can be bought and sold. Such financial instruments are often also regarded as capital packages which are up for trade. The majority of financial instruments will keep a very useful stream of capital which fuels investors all over the world and their various activities in the market.

Making the Most out of your Means

Such assets come in various forms, including as cash, or in some cases as a right stipulated by a contract that the delivery of receiving of cash must be adhered to. They can also be a piece of evidence that one is entitled to ownership of a particular entity.

Financial documents are generally broken down into two forms, virtual or real documents which connote a tangible agreement made regarding any kind of monetary amount. Those financial instruments which are equity-based will provide proof of ownership for a particular asset.

A financial instrument based on debt will obviously be for things like loans which were formed by investors for the sake of asset owners.

More Interesting and Valuable Forms

Then there are the financial instruments that fall under a third and very unique category, that of foreign exchange instruments. Such a division is broken down further into other subcategories, such as common share equity and preferred share equity.

The International Accounting Standards has outlined financial instruments to be any binding contract which will provide financial assets to one party, while to another it will provide a liability which possesses an equity or financial liability.

The Variety in Financial Instruments

There are two main kinds of financial instruments: Derivative instruments and cash instruments. Such cash values will be influenced directly and stipulated by the current markets. The relevant securities need to be easily transferable.

One can also use cash instruments in the form of deposits, as well as loans which were appropriately set up between a lender and a borrower.

The attached characteristics and values seen in derivative instruments will generally be based on what the underlying vehicle factors happen to be, such as indices, interest rates, and of course assets.

The Classes of Assets

There is indeed what is known as an asset class when we look at financial instruments. Such classification will depend on an asset’s formation as an equity-based or debt-based asset. In terms of financial instruments that are short-term and based on debt, you can expect a lifetime of around a year or less.

You need to ensure that you know how this classification system works, especially with the assets you are most likely to encounter the most, depending on the main sectors of the market you may be entering.

How to Start a Forex trading business

Forex trading can be very profitable if you know the rules of the game. Many Forex traders lose money in the beginning but it can prove to be highly lucrative once you get familiar with the arena. It can be a challenging task but putting in your efforts will surely pay you off.

In order to be a successful Forex trader, you need to continuously learn about it. Even if you become a pro, revisit the basics as one of the biggest secrets in your Forex success lies in the fundamentals.

In forex trading, some people make millions while some lose millions, but one thing is for sure, you will learn a lot. The key to success in forex trading is that treat it as a business. Do not rely on luck and get rid of impulsive approaches. You will need the proper knowledge of how things are done. Hone your skills continuously by learning new things in the field. Devise your own forex trading techniques and slowly you will beat the market. Nevertheless, here are some tips to get started in forex trading business:

  • Gain experience


The Internet is full of ideas to teach you on how to get better in forex trading but the experience is the best teacher. Understand the basic forex terminology. Get knowledge on the type of currency you will spend. Get aware of terms like quote currency, long position, short position, ask price and the spread. Make predictions about the economy and be political in your approach. Go through economic reports to make well-informed decisions.

  • Initiate


You can even start your forex trading business venture from your computer but make sure that there is a proper Internet connection set up because you don’t want to lose on great trading opportunities.

Whatever trading ways you begin with, make sure you are partnering with quality ones. You don’t want to be part of scams and lose a great deal of money. Nobody guarantees anything in this field so you are responsible for yourself. Stick to popular online trading platforms that have good proven track records and has a wide-spread company network.

  • Hone your skills


Forex trading is a combination of different skills. Make sure you polish them constantly as you progress in your business. Learn how to calculate profits and analyze the market. Analyze the market technically, fundamentally and sentimentally to get different perspectives of how the field operates. Keep a track of your profits and losses.

Forex trading is all about control. Keep yourself grounded and trust the basics. It is like other businesses. Do not get excited when you get an opportunity before you. Make relevant evaluations and assessments before taking any step further. Losing money is very common in forex but it is part of the game. Hone your self-control and risk management skills to excel the game of forex.

Be patient and persistence if you are interested in forex trading. The most important thing you must do is to learn from your mistakes and progress forwards. Keep in mind that only progressive mindsets reach the pinnacles of success in forex.

Blockchain’s Impact On Online Casinos

Ever since the introduction of the Internet to the pubic in the 1990s, the gambling industry has been able to capitalize on the technological advancements by expanding and reaching into different markets. Despite the numerous heavy and strict legislation that has been placed on online gambling, online gambling casinos have appeared to stay in compliance while managing their companies.

Payment systems connected to these online casinos have also become more advanced as well. As a result, online players have more options to make and receive payments, and this has lured more players to these online casinos.

What Is Bitcoin?

Bitcoin, along with Blockchain, was invented in 2009. Over the past several years, Bitcoin has grown from a few cents to having a current worth of $1600 USD per Bitcoin. Bitcoin is an open source online payment system that utilizes peer-to-peer technology so payment exchanges.

Bitcoins can be divided into smaller parts as well. For example, if you wanted to send someone $200 USD, that would be equivalent to sending them 0.12 Bitcoins.

This online payment system also can bypass many global gambling restrictions, and this is the primary reason why it has the potential of being the go-to betting tool not only for online casinos, but for online gamblers as well.

Understanding Blockchain

This is the technology that is used to help Bitcoins not only move from one location to the next, but is also used to verify Bitcoins. This technology works similar to the Internet.

When you attempt to go on a website, your device sends a request to your Internet Service Provider (ISP). The ISP sends your request to the server that hosts the website. The data is then sent back to the ISP and then to your device so you can view the website. The server can repeat this process to millions of ISPs and electronic devices. This is referred to as a distributed system.

Blockchain technology is a distributed system as well. This system has a ledger that is always updated and is also resistant to hacking and tampering.

Why Has Bitcoin Been So Popular In The Online Gambling Industry?

There are several reasons why Bitcoin, Blockchain technology and other types of cryptocurrencies are quickly gaining popularity in the online gaming world. These reasons are:

•    Easy access
•    Affordable
•    Legal

It is obvious that the advantages outweigh the potential disadvantages. However, the biggest advantage that Bitcoin offers users is anonymity.

Online gamblers do not need to create an account or provide a copy of their identification to the casino in order to cash out with Bitcoins. Withdrawals are almost instant, and cashing out using Bitcoin does not require any additional fees.

Regulation will continue to play a significant role in cryptocurrency advancement. Online gamblers in the United States are not allowed to use bank processed payments to pay for online bets. This has resulted in more online gambling entrepreneurs creating Bitcoin-only gaming websites.

However, it is important to remember that as with all technology, during the preliminary stages of the use of Blockchain technology on online gambling websites, continuous changes will occur in the betting markets.

How Finance Is Being Taken Over By Tech

There are very few areas of our lives which tech has not had a profound impact upon and in the main, technology and its advancements have completely radicalized the way in which we live our lives. As with any advancements in technology, there is a great deal of fear over what is to come and whilst technology does most certainly improve our lives, there is always a certain trepidation that comes with it.

This fear is something that is currently gripping the finance industry as more technology is introduced with the aim of making things easier for both customers and businesses within the financial landscape. Despite the preoccupations of some at the financial market technology news which regularly announces new ideas and advancements, the majority of invested people are embracing the change and here are just some of the examples of how tech is very much taking over the finance sector.

Digital Payments

One of the hottest topics in the financial technology industry is the incredible success of digital payment services. A prime example of the rise digital payments can be found when you look at the e-commerce giants Alibaba whose digital payments section, Ant Financial, have more than 500 million customers, almost 10 times the amount of customers of any other bank on the planet.  Not only would banks kill to have this level of custom, they would also love to have the amount of data that comes with it but traditional financial institutions have no way of ever competing with the digital platform unless they embrace it.

Digital Currency

Digital or cryptocurrency such as Bitcoin look set to completely change the way that we think about money altogether and this has created a cross roads for many banks and financial organizations. Digital currency was once dismissed by industry experts as short lived fad but banks are now beginning to realize that they must invest if they want to survive. Recent research suggest that 8 of the 10 major banks will be looking to blockchain technology, the data system which Bitcoin relies upon, to help them to save millions in the coming years.

Prediction and Data

Owing to the sheer power of the technology which is available to the finance industry, it has never been easier to predict outcomes and data check decisions. This will no doubt have a profound effect on the stock markets, the way in which banks invest and the way in which they give credit.

Job Loss

As with many advancements in technology, the arrival of automated systems and high powered computers to do our bidding, will cause job losses throughout the financial sector and this is something which has already begun. Over the course of the next decade, it is estimated that around 1.7 million jobs will be lost in the industry as technology takes the place of humans. With this being said, it will be highly interesting how well the banks and financial organizations adapt to a world which offers the very best technology, but at the same time attempts to offer excellent customer service.

Technology will continue to revolutionize banking and in 20 years time it is likely that the sector will be unrecognizable compared to what we have at the moment, the question is, will the big players be able to keep up?