Millennials See Banks Differently from Other Generations

Millennials Are the Fastest Growing Customer Base.

Millennials are the fastest growing customer base. Their number, education, and exposure make them a target for businesses who are looking to woo clients. The story is no different in the banking industry where financial institutions consider them an asset that must be had.

Think about it; it has been predicted that millennials will represent about 75 percent of the global workforce by 2025, per Bankingly.com. Millennials also make up a more significant portion of the labor market. They may not be as wealthy as the boomers, but more workforce means more money at their disposal to contribute towards bank deposits. The millennials have it all, it seems. So it makes sense that they are a target for anyone who is looking to generate customers.

However, this generation tends to have different expectations from boomers when it comes to the financial services sector.

Understanding their Reasons and Preferences

It is no secret that consumer taste changes with each passing generation. For millennials, this means a preference for online banking over more traditional financial institutions. After all, they are a generation who practically live on their smartphones. Millennials are tech-savvy and consider their phones the new wallet because they expect digital convenience in all aspects of their lives.

The Bankingly report claims that 71% of millennials would rather go to the dentist than go to the bank. Also, around 33% of millennials are of the opinion that they do not need a bank. A further 53 percent of them believe that their banks offer the same products as any other.

This makes millennials more open to switching banks since they don’t see any differences between these financial institutions. Instead of sticking with brick-and-mortar banks, millennials prefer mobile banking. Baby boomers, on the other hand, prefer to stick with older banks due to concerns over the safety of their financial data. Such diverging attitudes create a huge problem for financial institutions.

With the boomers retiring, millennials are expected to fuel future growth for the banking industry through loans, mortgages, retirement accounts, etc. Nonetheless, it appears that banking needs of millennials are influenced by their lifestyles. And this creates uncertainty regarding what the future holds for older banks.

Two Main Reasons Millennials

  • The global financial crisis: The global financial crisis has made millennials skeptical of banks. The 2007 global financial crisis made it hard for older millennials who came of age at that time to secure jobs and pay off student loans. Also, they are educated enough to know that the global financial crisis was due to the greed and fraud that pervaded the banking industry at the time.
  • Millennials expect digital convenience: As mentioned earlier, millennials demand digital services because they seek convenience. The American Bankers Association reports that millennials are three times more likely to open a new account with their phone than in person. This causes them to lean more towards banks that offer digital services than the more traditional ones.
  • Millenials Are Distrustful of the Traditional Banking System World Wide. They Expect The Digital Convenience , Faster Service From Mobile Apps and Tablets For Their Banking Needs

 

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Financial Technology in Colleges Today, What Students Think

 

Advances in Automation and Technology

Advances in computing, automation, and communication have shifted focus from traditional methods to the use of technology in payments, clearing, trading, and regulatory compliance. This has led to Financial technology (often referred to as Fintech) programs taking center stage in colleges as schools attempt to play an integral part in the fintech revolution by training students for jobs in today’s fast-growing financial technology industry.

These courses are designed to enable students to advance their knowledge in critical aspects of technology such as machine learning, data analytics, and blockchain technology, among others. FinTech programs aim to improve college financial literacy by making it possible for students to gain an understanding of various technologies and obtain practical experience working with them.

What is Financial Technology?

Financial Technology essentially refers to any technological invention in financial services. Individuals who are involved in Financial Technology typically develop new technologies to disrupt traditional financial markets.

These include several innovations that facilitate online transactions, such as cryptocurrencies like bitcoin and ethereum, mobile banking applications like Venmo, and online payment solutions such as PayPal and Skrill.

Fintech also comprises tech-based financial services such as crowdfunding systems, automated financial planning, peer-to-peer lending marketplaces, as well as robo wealth managers such as Betterment.

Students Clamor

The use of digital technology is fast becoming the norm, leading to a revolution that is rapidly transforming the financial industry. This has led to calls by students for financial technology courses to be introduced in colleges. This, they believe, will enable them to understand the complexity of the payment infrastructure and be acquainted with critical payment instruments and how they function, among others.

A good example of students’ interest in innovation can be seen in the case of New York University (NYU) where the fintech undergraduate course attracted enrollment from twice as many students as expected.

Students demand, coupled with the far-reaching disruption in the financial industry has the schools themselves making conscientious efforts to teach students how to master financial technology.

Institutions such as Massachusetts Institute of Technology (MIT) Sloan School of Management, Columbia University’s business school, and the University of Pennsylvania’s Wharton School, etc. have all adopted fintech programs in their curriculum.

Fintech in Colleges: Effectiveness and Challenges

So far, fintech courses have proven to be highly effective as colleges scramble to bring together leading academics to educate students on the impact of technology on business, finance, and society. Various innovative research has been conducted and new courses introduced, all in a bid to develop the next generation of fintech experts and re-educate students in new financial technologies.

In spite of the opportunities, however, schools and students face challenges in their attempt to venture into this new area of research. Students who are interested in specializing in fintech may be limited by the lack of textbooks and other teaching materials on the subject. Similarly, most professors have limited knowledge of fintech.

Nonetheless, scholars hope to construct school curriculum and develop real-life cases that will enable students to become knowledgeable enough to make inventions of their own. For now, it looks like fintech finally has its place in academia, which makes for exciting times ahead.

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WHY WE CELEBRATE THE 4TH OF JULY IN AMERICA

The Fourth of July—also known as Independence Day or July 4th—has been a federal holiday in the United States since 1941, but the tradition of Independence Day celebrations goes back to the 18th century and the American Revolution. On July 2nd, 1776, the Continental Congress voted in favor of independence, and two days later delegates from the 13 colonies adopted the Declaration of Independence, a historic document drafted by Thomas Jefferson. From 1776 to the present day, July 4th has been celebrated as the birth of American independence.

 

 

The Declaration of Independence is the statement adopted by the Second Continental Congress meeting at Philadelphia, Pennsylvania on July 4, 1776, which announced that the thirteen American colonies,[2] then at war with the Kingdom of Great Britain, regarded themselves as thirteen newly independent sovereign states, and no longer under British rule. Instead they formed a new nation—the United States of America. John Adams was a leader in pushing for independence, which was passed on July 2 with no opposing vote cast. A committee of five had already drafted the formal declaration, to be ready when Congress voted on independence. The term “Declaration of Independence” is not used in the document itself.

John Adams persuaded the committee to select Thomas Jefferson to compose the original draft of the document,[3] which Congress would edit to produce the final version. The Declaration was ultimately a formal explanation of why Congress had voted on July 2 to declare independence from Great Britain, more than a year after the outbreak of the American Revolutionary War. The next day, July 3, John Adams wrote to his wife Abigail: “The Second Day of July 1776, will be the most memorable Epocha, in the History of America.”[4] But the national birthday, Independence Day, is celebrated on July 4, the date that the Declaration of Independence was signed.

After ratifying the text on July 4, Congress issued the Declaration of Independence in several forms. It was initially published as the printed Dunlap broadside that was widely distributed and read to the public. The source copy used for this printing has been lost, and may have been a copy in Thomas Jefferson’s hand.[5] Jefferson’s original draft, complete with changes made by John Adams and Benjamin Franklin, and Jefferson’s notes of changes made by Congress, are preserved at the Library of Congress. The best known version of the Declaration, a signed copy that is popularly regarded as the official document, is displayed at the National Archives in Washington, D.C. This engrossed copy was ordered by Congress on July 19, and signed primarily on August 2.[6][7]

 

This man of only 33 years old, wrote the original rough draft of the Declaration contained a line condemning slavery: “He has waged cruel war against human nature itself … in the persons of a distant people who never offended him, captivating and carrying them into slavery in another hemisphere, or to incur miserable death in their transportation thither … suppressing every legislative attempt to prohibit or to restrain this execrable commerce determining to keep open a market where men should be bought and sold.”

The Federal Constitution

The People Of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America. https://www.archives.gov/exhibits/charters/constitution.html

The Federal Convention convened in the State House (Independence Hall) in Philadelphia on May 14, 1787, to revise the Articles of Confederation. Because the delegations from only two states were at first present, the members adjourned from day to day until a quorum of seven states was obtained on May 25. Through discussion and debate it became clear by mid-June that, rather than amend the existing Articles, the Convention would draft an entirely new frame of government. All through the summer, in closed sessions, the delegates debated, and redrafted the articles of the new Constitution. Among the chief points at issue were how much power to allow the central government, how many representatives in Congress to allow each state, and how these representatives should be elected–directly by the people or by the state legislators. The work of many minds, the Constitution stands as a model of cooperative statesmanship and the art of compromise.

The Reasons Why We Have the Constitution

The Declaration of Independence, approved July 4, 1776, listed the reasons why Americans declared their independence from King George:
“He has made judges dependent on his will alone …”
“He has erected a multitude of new offices, and sent hither swarms of officers to harass our people and eat out their substance.”
“He has kept among us, in times of peace, standing armies …”
“To subject us to a jurisdiction foreign to our constitution…”
“For quartering large bodies of armed troops among us …”
“For imposing taxes on us without our consent …”
“For depriving us in many cases, of the benefit of trial by jury …”
“For … establishing … an arbitrary government …”
“For … altering fundamentally the forms of our governments …”
“He has plundered our seas, ravaged our coasts, burnt our towns, and destroyed the lives of our people.”
“He is at this time transporting large armies of foreign mercenaries to complete the works of death, desolation, and tyranny …”
“He has excited domestic insurrections amongst us, and has endeavored to bring on the inhabitants of our frontiers, the merciless Indian savages whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions …”

 

 

Called the “Chief Architect of the Constitution,” he wrote many of the Federalist Papers which helped convince States to ratify the Constitution. He introduced the First Amendment in the first session of Congress. This was James Madison, born MARCH 16, 1751. During the War of 1812, Madison proclaimed two National Days of Prayer, 1812 and 1813. When the British marched on Washington, D.C., citizens evacuated, along with President and Dolly Madison. On August 25, 1814, as the British burned the White House, Capitol and public buildings, dark clouds began to roll in. A tornado sent debris flying, blew off roofs and knocked chimneys over on top of British troops. Two cannons were lifted off the ground and dropped yards away. A British historian wrote: “More British soldiers were killed by this stroke of nature than from all the firearms the American troops had mustered.” British forces fled in confusion and rains extinguished the fires. Madison then proclaimed a National Day of Public Humiliation, Fasting & Prayer to Almighty God on November 16, 1814. Two weeks after the War ended, Madison proclaimed a National Day of Thanksgiving & Devout Acknowledgment to Almighty God, March 4, 1815.

Who Signed the Constitution?

1 George Washington Virginia
2 George Read Delaware
3 Gunning Bedford, Jr. Delaware
4 John Dickinson Delaware
5 Richard Bassett Delaware
6 Jacob Broom Delaware
7 James McHenry Maryland
8 Daniel of St. Thomas Jenifer Maryland
9 Daniel Carroll Maryland
10 John Blair Virginia
11 James Madison, Jr. Virginia
12 William Blount North Carolina
13 Richard Dobbs Spaight North Carolina
14 Hugh Williamson North Carolina
15 John Rutledge South Carolina
16 Charles Cotesworth Pinckney South Carolina
17 Charles Pinckney South Carolina
18 Pierce Butler South Carolina
19 William Few Georgia
20 Abraham Baldwin Georgia
21 John Langdon New Hampshire
22 Nicholas Gilman New Hampshire
23 Nathaniel Gorham Massachusetts
24 Rufus King Massachusetts
25 William Samuel Johnson Connecticut
26 Roger Sherman Connecticut

Something to Think About

And with the Constitution being written, and designed with purposeful Intent, and accurately worded, to protect our rights as free citizens today, all the Great Americans of the time, the signers of this great Constitution , would be appalled by the state of our Government today. Our Forefather, the “Authors” of our fate for the future of this great country would roll over in their graves today upon seeing the State of The Union in the United States of America. Do Something good for your country in the Month of Freedom, the month of the July.

 

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All You Need to Know About Artificial Intelligence (AI)

What is Artificial Intelligence?

Artificial Intelligence is one of the most hotly discussed topics in the tech world today. Hardly does any tech conversation take place nowadays without the mention of Artificial Intelligence. This raises the question, what exactly is artificial intelligence?

As the name implies, artificial intelligence refers to the ability of machines to perceive and comprehend complex information. In other words, Artificial Intelligence is a technology that is built to function in a way that imitates how humans operate.

Applications that utilize artificial intelligence attempt to make the user experience feel much like interacting with humans. Like humans, artificial intelligence also develops skills through learning. AI programs learn and adapt by taking in information, processing it, and saving such data for future reference.

By their very nature, AI systems exhibit certain behaviors that are associated with human intelligence, including, learning, planning, problem solving, reasoning, and motion. Others behaviors demonstrated by the programs include perception, knowledge representation, manipulation, among others. To deliver useful and accurate information, the AI system is trained on the data it is fed.

The advances being made with artificial intelligence in recent times is thanks to improvements in machine learning, which involves educating computers to perform tasks based on examples instead of depending on programming by a human.

What Are the Uses of Artificial Intelligence?

The journey has been long. Nevertheless, artificial intelligence is gradually evolving into something that’s useful to human society. The knowledge displayed by machines have many applications in our community today. Some of these include voice-based personal assistants such as Siri, Facebook bots, Google Voice, as well as Alexa.

Artificial intelligence also has application in suggestive searches, behavioral algorithms, as well as self-controlled and self-driven cars that feature sophisticated predictive functionalities. Robots are also being used as personal assistants by humans to help perform tasks such as ordering foods, clothes, or even booking movie or flight tickets.

AI is also used in smart cars such as those being built by Tesla and Google. Other areas where AI is applicable include customer experience, entertainment, buying prediction, etc.

Types of Artificial Intelligence

Typically, there are two types of artificial intelligence: narrow artificial intelligence and general artificial intelligence.

  • Narrow Artificial Intelligence: Narrow AI systems are those that have been taught how to perform specific tasks without being directly programmed to do so. Examples of this machine are those used in Siri and self-driving cars. These systems are so called because they can only be taught to perform specific tasks.
  • General Artificial Intelligence: General AI systems are those found in humans, which are adaptable and flexible. General intelligence can learn how to execute different functions such as haircutting, bathing, building spreadsheets, etc. This type of intelligence does not yet exist in a software form.

 

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MEMORIAL DAY 2018 – Wall Street

Memorial Day or Decoration Day is a federal holiday in the United States for remembering the people who died while serving in the country’s armed forces.[1]The holiday, which is currently observed every year on the last Monday of May, will be held on May 28, 2018. The holiday was held on May 30 from 1868 to 1970.[2] It marks the unofficial start of the summer vacation season,[3] while Labor Day marks its end.

Many people visit cemeteries and memorials, particularly to honor those who have died in military service. Many volunteers place an American flag on each grave in national cemeteries.

Memorial Day is not to be confused with Veterans Day – Memorial Day is a day of remembering the men and women who died while serving, whereas Veterans Day celebrates the service of all U.S. military veterans.[4] It is also not to be confused with Armed Forces Day, a minor U.S. remembrance celebrated earlier in May, which specifically honors those currently serving in the U.S. military.

History

The practice of decorating soldiers’ graves with flowers is an ancient custom.[5] Soldiers’ graves were decorated in the U.S. before[6] and during the American Civil War.

Some believe that an annual cemetery decoration practice began before the American Civil War and thus may reflect the real origin of the “memorial day” idea.[7] Annual Decoration Days for particular cemeteries are still held on a Sunday in late spring or early summer in some rural areas of the American South, notably in the mountain areas. In cases involving a family graveyard where remote ancestors as well as those who were deceased more recently are buried, this may take on the character of an extended family reunion to which some people travel hundreds of miles. People gather, put flowers on graves and renew contacts with relatives and others. There often is a religious service and a picnic-like “dinner on the grounds,” the traditional term for a potluck meal at a church.[7]

On June 3, 1861, Warrenton, Virginia was the location of the first Civil War soldier’s grave ever to be decorated, according to a Richmond Times-Dispatch newspaper article in 1906.[8] In 1862, women in Savannah, Georgia decorated Confederate soldiers’ graves according to the Savannah Republican.[9] The 1863 cemetery dedication at Gettysburg, Pennsylvania, was a ceremony of commemoration at the graves of dead soldiers. On July 4, 1864, ladies decorated soldiers’ graves according to local historians in Boalsburg, Pennsylvania.[10] and Boalsburg promotes itself as the birthplace of Memorial Day.[11]

In April 1865, following President Abraham Lincoln’s assassination, commemorations were ubiquitous. The more than 600,000 soldiers of both sides who died in the Civil War meant that burial and memorialization took on new cultural significance. Under the leadership of women during the war, an increasingly formal practice of decorating graves had taken shape. In 1865, the federal government began creating national military cemeteries for the Union war dead.[12]

On May 1, 1865, in Charleston, South Carolina, recently freed African-Americans held a parade of 10,000 people to honor 257 dead Union Soldiers, whose remains they had reburied from a mass grave in a Confederate prison camp.[13] Historian David W. Blight discovered contemporary news reports of this forgotten incident in the Charleston Daily Courier and the New-York Tribune. Blight claimed that “African Americans invented Memorial Day in Charleston, South Carolina”,[14] In 2012, Blight stated that he “has no evidence” that the event in Charleston inspired the establishment of Memorial Day across the country.[15]Snopes concludes that the decoration day observance did indeed take place but that it was not the origin of Memorial Day, labeling Blight’s claim a “mixture.”[16]

In 1868, copying a southern annual observance,[17] General John A. Logan of the Grand Army of the Republic, an organization of Union veterans founded in Decatur, Illinois, established Decoration Day as a time for the nation to decorate the graves of the Union war dead with flowers.[18] By the 20th century, various Union and Confederate memorial traditions, celebrated on different days, merged, and Memorial Day eventually extended to honor all Americans who died while in the military service.[1]

On May 26, 1966, President Lyndon B. Johnson designated an “official” birthplace of the holiday by signing the presidential proclamation naming Waterloo, New York, as the holder of the title. This action followed House Concurrent Resolution 587, in which the 89th Congress had officially recognized that the patriotic tradition of observing Memorial Day had begun one hundred years prior in Waterloo, New York.[19] The village credits druggist Henry C. Welles and county clerk John B. Murray as the founders of the holiday. Scholars have determined that the Waterloo account is a myth.[20] Snopes and Live Science also discredit the Waterloo account.[21

20th century

Indiana from the 1860s to the 1920s saw numerous debates On how to expand the celebration. It was a favorite lobbying activity of the Grand Army of the Republic (GAR). An 1884 GAR handbook explained that Memorial Day was “the day of all days in the G.A.R. Calendar” in terms of mobolizing public support for pensions. It advised family members to “exercise great care” in keeping the veterans sober.[51]. As the years went by, the GAR complained more and more about the younger generation. In 1913, one Hoosier veteran complained that younger people born since the war had a “tendency … to forget the purpose of Memorial Day and make it a day for games, races and revelry, instead of a day of memory and tears.”[52] Indeed, in 1911 the scheduling of the Indianapolis Motor Speedway car race was vehemently opposed by the increasingly elderly GAR. The state legislature in 1923 rejected the race on that special day. But the new American Legion and local officials wanted the big race to continue, so Governor Warren McCray vetoed the bill and the race went on.[53]

In the national capital in 1913 the four-day “Blue-Gray Reunion” featured parades, re-enactments, and speeches from a host of dignitaries, including President Woodrow Wilson, the first Southerner elected to the White House since the War. James Heflin of Alabama gave the main address. Heflin was a noted orator; His choice as Memorial Day speaker was criticized, as he was opposed for his support of segregation; however, his speech was moderate in tone and stressed national unity and goodwill, gaining him praise from newspapers.[54]

One of the longest-standing traditions is the running of the Indianapolis 500, an auto race which has been held in conjunction with Memorial Day since 1911.[55] Originally it was held on Memorial Day itself, and since 1974 it runs on the Sunday preceding the Memorial Day holiday. Since 1961 NASCAR‘s Coca-Cola 600 has been held during Memorial Day weekend, and has also been held on the previous Sunday since 1974.[citation needed] Since 1976 The Memorial Tournament golf event has been held on or close to the Memorial Day weekend.[citation needed] The final of the NCAA Division I Men’s Lacrosse Championship is held on Memorial Day.[citation needed]

“On Decoration Day” Political cartoon c. 1900 by John T. McCutcheon. Caption: “You bet I’m goin’ to be a soldier, too, like my Uncle David, when I grow up.”

The preferred name for the holiday gradually changed from “Decoration Day” to “Memorial Day,” which was first used in 1882.[56] Memorial Day did not become the more common name until after World War II, and was not declared the official name by Federal law until 1967.[57] On June 28, 1968, Congress passed the Uniform Monday Holiday Act, which moved four holidays, including Memorial Day, from their traditional dates to a specified Monday in order to create a convenient three-day weekend.[58] The change moved Memorial Day from its traditional May 30 date to the last Monday in May. The law took effect at the federal level in 1971.[58] After some initial confusion and unwillingness to comply, all 50 states adopted Congress’ change of date within a few years.

May 23, 2018 at 4:40am
Robots are here to stay. As with every new development, there will always be a few negative things that will try to mess it up. The advent of bots has come with a number of advantages as well as disadvantages https://t.co/1Wz201FPtk


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Beat Stress and Regain Control of Your Life

Life is busy: it can feel like you are continually spinning plates just to stay afloat, and it is this plate spinning act that can make it seem like life is out of control. So how can you reduce the stress and fatigue that you are experiencing? Here are 4 tips to help you regain control of your life and stop stresses in their tracks.

  1. Review your finances

Financial worries are the main cause of stress, but when was the last time that you reviewed your household budget? Create a spreadsheet that details your income and your expenditure. Chances are high that you will be surprised at where you are leaking money. Take lunch prepared at home to work and reduce the number of takeout coffees that you buy each week to reduce your spending. Review your utility bills and seek a better rate from other providers – be active in saving money. If you currently have tax issues from unfiled returns, rather than stick your head in the sand, take advice and seek a solution. A company such as mytaxlawyer.org can take the headache from you, and help resolve the stress that you are in.

  1. Say no

You do not have to keep saying yes to every demand that is made on your time. You do not have to accept every invitation, and that means saying no. Friends and family will understand if you decline invitations or requests for your attendance at events. Although initially they may be taken aback by your change in habit, sometimes you just need to say no, and in the long run, they will come to terms with this alteration. Instead, spend time catching up on chores and tasks that need to be completed. Spending time to complete your to-do list will reduce your stress levels, and free you from worry.

  1. Review your diet

In order to perform at your peak, you must fuel your body so that it is able to cope with the demands that you make on it – both physically and mentally. Try to avoid over processed food and make healthy decisions for your food and drink intake. Fresh fruit and vegetables are not only great for your body, but for your mind too. The more colorful your food options, the richer they are in the nutrients that you need to function at optimum performance.

  1. Take up a hobby

While this may feel counter-intuitive for someone that is lacking in time and feeling stressed, taking up a hobby is a great way to take time out. A hobby allows you to focus on something other than the issues that are causing your worries, and the benefit of taking time out is that you can revisit the issues but with a fresh perspective from taking a break. The small details that have caused you stress are reduced, and you can look at the bigger picture. If you are physically able, try and choose a hobby that requires some physical exertion – get the blood pumping, and you will benefit from the release of endorphins that are the body’s natural feel-good hormones.

To gain control of your life, you must be active in seeking solutions. Be kind to yourself and make your wellbeing a priority. Whether you have financial worries or feel that you don’t have time to be the best version of you, by being proactive you can regain control.

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Things to Do to Stay Healthy at Work

 

From Monday to Friday, eight hours a day, you are stuck on a computer while swinging on your office chair. This could take a toll of your body, you can welcome extra pounds into your body, yield eye strain and bring forth tension neck syndrome. The overall effect is that your productivity at work could become severely compromised which is why it is good to have some tips to rejuvenate your body so that you always stay active and be healthy at work. Below are some of the work place health-promoting tips that can help you.

Take Caution on the Kind of Snacks You Take

Your co-workers could provoke your appetite and cravings by placing snacks on your their working desks and tables. If you like helping yourself with such snacks, you could end up gaining extra pounds in the long which is not good for your health. But don’t worry, you can use the same cravings to promote your health. Take fruits snacks instead of the junky ones so that you attain a perfect health.

Drink Enough Water

Body hydration is very important because it nourishes the cells, make you feel fresh and increase your blood volume in the body for perfect circulation. The general effect of water is complete feeling of freshness thereby making you to productively work. You can either drink water or take fruits that have a lot of water content like water melon, grape fruits or pineapples. Be healthy at work by taking such foods.

Exercise Regularly

 

For your tissues and organs to be active, you need to ensure that you exercise always and regularly. This way, you will always stay alert and mentally active while maintaining a good physique and an optimum BMI. You don’t need to necessarily do a lot of exercises, just take a jog in the evening after work and you would always be physical fit.

 

Good Working Table or Desk Height

You’re working position matters a lot when it comes to your health and general productivity at work. You should not bend or over stretch when working to ensure that you stay healthy and perfectly working. To achieve this, make sure that your hands are parallel to the floor when working on the table or desk and make sure that your thighs are also in a parallel level to the floor when working. This way, you would reduce the fatigue and tiredness thereby making yourself to work perfectly all day.

In conclusion, you can reduce your fatigue and tiredness by adjusting you working levels, maintaining good nutrition and exercising. Your health is very important which is why you should ensure that you do all things possible to stay healthy at all times.

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5 Financial Planning Tips For Young Investors

 

 

 

Being a young adult can be exciting – enjoying the early stages of a career, having your own place, making new friends – but it can also be confusing and stressful. One of the reasons is money, and learning how to manage it.

In a financial literacy survey of more than 5,500 young adults, the National Endowment for Financial Education and George Washington University found that only 8 percent of those ages 23 to 35 showed a high level of financial knowledge.

“For those just starting their careers or beginning to save for their retirement, the financial planning world can be quite daunting,” says Richard Paul, president of Richard Paul & Associates, LLC  (www.rwpaul.com), a financial advisory firm in Michigan, and author of The Baby Boomers’ Retirement Survival Guide.

“One flaw of our education system is the lack of preparedness it provides for younger investors just starting off. When it comes to stocks, bonds, 401(k)s, and debt, the task of planning is overwhelming to most.”

Paul offers young adults five tips for fundamental financial planning:

  • Automate your contributions. The easiest way to invest is to automatically direct a portion of each paycheck into your investment accounts. “You’ll quickly get used to having less money to spend each month, and your savings will grow automatically,” Paul says. “And if your employer offers a match into your retirement account, be sure to take advantage of that. That’s free money.”
  • Take control of your health. You might think your health doesn’t fit into a discussion of financial planning, but being proactive when it comes to health – whether it’s getting your annual physical or daily exercise – will pay dividends in the future. “A retiree today is expected to spend $275,000 over their retirement on health care,” Paul says. “By investing in your health when you’re young, you can reduce your potential for future health care costs.”
  • Get out of debt. “Paying down your debt reduces the amount of interest expense you pay each year,” Paul says. “And often, people are paying more in interest than they are likely to earn by investing.” Studies show the average American under the age of 35 has between $23,000 and $30,000 of debt in the form of credit cards, student loans, auto loans and other forms of personal debt. According to a NerdWallet 2017 study, the average U.S. household that’s carrying credit card debt has a balance of $15,654.
  • Build and protect your credit. Your credit score is an indicator of your financial health. “The list of people who have an interest in your credit score seems to keep growing every year,” Paul says. “Damaged credit can be costly over time. Pay all bills on time by setting up payment reminders or enrolling in auto pay. Pay down balances on credit cards; high balances relative to total available credit affect your credit score.”
  • Buy into panic, not excitement. If the stock market sells off by 5 to 10 percent over any given month or week, Paul recommends you take your excess cash and buy the dip. “Only use excess cash, not any cash that is needed to pay bills,” he says. On the flip side, when the market is going up significantly Paul advises: “Wait for a correction if you’re sitting on the sidelines.”

“Young people need to know how to plan financially,” Paul says. “There’s a tendency to put it off, but that’s risky. There’s too much to lose. You’re not young forever and without a plan, you’re unprotected for your future.”

 

About Richard W. Paul

Richard W. Paul is the president of Richard Paul & Associates, LLC (www.rwpaul.com) and the author of The Baby Boomers’ Retirement Survival Guide: How to Navigate Through the Turbulent Times Ahead. He is a Certified Financial PlannerTM professional, Registered Financial Consultant, Investment Adviser Representative and an insurance professional holding life and health insurance licenses in Michigan and Florida.

If you would like to run the article above, please feel free to do so. If you’re interested in interviewing Richard Paul or having him provide comments, let me know and I’ll gladly work out the details.

 

Have a great day!

Miguel

 R Contact: Miguel Casellas-Gil: 727-443-7115 ext 214
MiguelCG@news-experts.com

Miguel A. Casellas-Gil

Print Campaign Manager
News and Experts
3748 Turman Loop #101
Wesley Chapel, FL 33544
Tel: 727-443-7115, Extension 214
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Professor and student

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The Benefits of Online Trading Platforms

These past few years have been very important for the development of cryptocurrencies. Many have even come to crown 2017 as the year of the Bitcoin as this topic has been at the forefront of discussions worldwide be it on the news, online, in magazines, among friends & family etc. Naturally, with the increased interest that this topic has been sparking many have decided to jump on the bandwagon and learn how to trade and invest online. There are many things that beginners must be aware of when it comes to trading cryptocurrencies such as the use of an online trading platform.

Essentially, this trading platform is a software that brings traders and investors together in one place and allows them to buy and sell their currencies and other financial instruments. There are many different trading platforms available and are predominantly offered by brokers either for free or for a minimum amount of trades per month.

These online trading platforms offer many benefits when compared to traditional brokers and financial dealers. For one, it’s quick and easy to use and secondly, they offer a number of educational opportunities to help investors learn more about dealing and trading a number of commodities, shares and currencies.

The added convenience of being able to access your online broker whenever you wish, be it day or night, is also another great feature allowing for more flexibility. Further advantages of online trading platforms include:

1. Ease of dealing

Gone are the days when trading involved calling a broker to arrange for purchases or sales. With online trading it’s all done in just a few clicks and it’s rare that traders need to speak directly with their broker.

2. Affordability

Online trading is very affordable, as more and more brokers are offering online trading, the costs of dealing has decreased considerably, thus allowing traders to benefit from greater income when successful trades are made.

3. Greater control

As previously mentioned, online trades can be conducted at any time day or night, allowing traders to choose when they choose to trade. Additionally, trading can take place via mobile device or laptop, allowing for even more flexibility and freedom and trading on the go.

4. Real time trading

Online brokers offer real time prices and an advanced interface, so traders can keep an eye on their deals at any time and get the most up-to-the-minute prices.

5. Faster transactions

Online trading is extremely fast. As soon as an account has been set up with an online broker, trading can take place immediately as long as sufficient capital is in the account. There are numerous online trading platforms out there, trading with IG offers all the above, plus the knowledge that you’re trading with one of the most popular and trusted online brokers on the internet. Make sure to spend enough doing due diligence and familiarizing yourself with online trading in general including the different trading strategies that are available to help make the most of your trades and have a better overall knowledge of the industry.

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Can A Person Use a Trust to Keep Mineral Rights out of Probate

A living trust is an ingenious way to keep your real property out of probate and transfer it cleanly to your beneficiaries. However, this method only works if the trust is “funded” by the transfer of your estate’s property into the trust. Failure to fund a trust will cause it to fail, and your property will end up having to go through probate. If the trust is funded, though, you’ll be fine. But what about less conventional forms of property, such as oil, gas, and mineral rights? These interests in real estate can be placed in a trust, too, but the exact process that must be followed depends on the nature of your rights. A lawyer, like Adam Leitman Bailey, can help you make sure that you set up and fund your trust properly, but the topics below can give you a good basic understanding.

What Kind of Mineral Rights do You Own?

The first thing you need to figure out is the nature of the mineral rights that you own. For example, do you own the rights in the actual real estate – do you own the land the oil, gas, or minerals come from? Alternatively, do you own a right to royalties based on the proceeds of any minerals collected? The type of mineral rights you own will determine if and how you can place them in a trust.

How do You Transfer Mineral Rights to Your Trust?

If you actually own the real estate holding the valuable resource, then the process is actually fairly easy. All you have to do is have your lawyer draft a new deed by which ownership in the land is transferred from you to your trust. Your lawyer will also need to make sure that the new deed is recorded with the county clerk after it’s executed.

If, on the other hand, you own a right to resource deposits separate from the land itself, or if you own a right to royalties from the proceeds of the resources’ sale, then you have to assign these rights to your trust. This process may require contacting the company that issues your royalty payments to ask about their process and rules for assigning rights.

Conclusion

You shouldn’t try to figure any of this out on your own. If you make a mistake, it could cause your trust to fail and your property to be subjected to probate. This will end up defeating your wishes and costing your beneficiaries. Therefore, it is crucial that you contact an experienced estate-planning lawyer to help you determine the type of mineral rights that you own, and what specific processes are required to transfer those rights to your trust so that it is properly funded and functions to transfer your property to your loved ones as intended. If, for whatever reason a trust isn’t the right estate planning method for you, then an experienced estate-planning lawyer will be able to determine this, too, and stop you from making a costly mistake.

 

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