Do you remember the man who was supposed to marry Rose in Titanic? He dressed exceptionally well, had slick brown hair and was from a family of great wealth. His character was based on the life of a man named Caledon Hockey. He survived the shipwreck but not the Wall Street Crash. When the stock market fell in 1929, Cal’s money and everyone else’s plummeted in value to the point that people were bringing horse carriages of cash into town only to afford a loaf of bread.
Talking about finances as a couple is not always comfortable; money has often been the cause of marital conflict. Aligning your financial goals and philosophy can be a difficult process that begins with answering a simple question: joint or separate accounts?
The smell of burning food filled my tiny kitchen. “What's that smell?” I asked a friend who was sharing my house for the week. Every young man knows the smell, familiar from an early age—your first acquaintance comes from burnt toast and camping trips where, after burning everything you tried to cook, you end up eating your baked beans straight from the can.
Money is essential in our Western world. It allows us to purchase the necessities of life—food and shelter, for instance. It pays the bills for heating and cooling. There may even be enough for some luxuries.
If life were merely about money, it would be like a game of Monopoly. At the end of the game, you’d count your cash, add up the value of your assets and find out whether you’d won or lost. Then you’d breathe your last.
The search for happiness is one of humanity’s greatest motivators. But most of us seek it through higher salaries, bigger and better homes, the newest gadget or latest fashion. A recent survey of wellbeing highlights three simple keys to happiness that most people can possess: a balanced and generous approach to money, a strong sense of life purpose and a few close and supportive relationships.
In order to obtain money, along with the facilities offered by specialised institutions (banks, credit unions, mutual assistance services), many people resort to a series of ad-hoc financial relations, known as “personal loans”.
Are you financially literate? If your financial management strategy is one of the following four, then the answer is probably no.
Big chain stores know them and use them to make a profit. What is more, they are willing to pay a lot of money for studies on how to improve them. We're talking about the secrets of optimal product placement.
Not only are they all brands of the same Spanish manufacturer, Inditex, but they are all part of the same trend that has revolutionised the fashion industry: fast fashion. The rise of this trend is based on two principles that have proven to be magnetic for consumers, especially young ones: clothes tailored to the latest trends (today on the catwalk, tomorrow in the stores), sold at much lower prices than designer clothes.
When former US President Donald Trump suggested at a press conference in Helsinki that the FBI could be wrong to accuse Russia of meddling in the US presidential elections, citing President Vladimir Putin's testimony as an argument, the media became fixated on the lamentable insult Trump threw at the secret services.
Whether we admit it or not, our lives are conditioned by money—mostly by the lack thereof. There are few who manage to snatch themselves out from under its spell, and even fewer who want it just to be able to give it away. Among the latter is Rachel Lapierre.
The memory of having spent all the money in my account and still having a week to go until my next salary is painfully vivid to me, even though it has been quite a few years since that was my month-to-month reality.