Finance , Lifestyle & Inspiration
Our upbringing plays a big part in shaping our relationship with money “because our kids see and do everything that we do,” says financial expert Jen Hemphill.
I would like to pass my passion for personal finance and money onto my kids. I’d like them to balance smart saving with intentional spending, to invest for the future while enjoying what they have. I am sure you do too. But how do you start? And at what age?
Continue reading “How to talk to your kids about money”The best definition of currency depreciation I have across and quite simply put by investopedia is that, it is a fall in the value of a currency in terms of its exchange rate versus other currencies.
Currency depreciation can occur due to factors such as economic fundamentals, interest rate differentials, political instability, or risk aversion among investors.
Continue reading “Dealing with currency depreciation”Ever heard of the saying when life throws you lemons make lemonade? Well, that famous saying could well be attributed to the way many are responding financially during the coronavirus pandemic.
The coronavirus has spurred an economic crisis, and many are using the opportunity to learn to manage money better. While the world battles the widespread economic challenges brought on by the COVID-19 pandemic, Millennials especially, are gaining a new perspective on the value of a budgeting and long term investing
With fewer opportunities to spend either at a mall, a night club or a restaurant, many are becoming more aware of their (lack of) saving tendencies, and are making a concerted effort to change. As we adapt our habits to weather a volatile economy, here are four financial lessons our generation is learning along the way.
COVID-19 has limited the businesses currently operating to those deemed “essential” and manicures, hair cuts, night clubs or tattoos are certainly not on that list.
Continue reading “4 Financial Lessons Being Learnt During The Coronavirus Pandemic”Goldman Sachs Group Inc. has named Nicole Pullen Ross regional head of the bank’s private wealth-management arm in New York. The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company headquartered in New York City and is ranked 62nd on the Fortune 500 list of the largest United States corporations by total revenue and has more than $500 billion in assets under supervision.
It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting. Goldman Sachs was founded in 1869.
Ross becomes one of the bank’s highest-profile black female executives at a time when racial injustice is taking center stage in the national conversation. The U.S. has been roiled by a week of protests following the death of George Floyd while in police custody in Minneapolis.
Mrs Aisha Tukur is a philanthropist, a social entrepreneur and life coach whose mission it is to find sustainable solutions to the societal challenges we face in Africa. Her guiding principle is always be a blessing to others, and to always treat people with kindness and respect. She believes that we should stand for something bigger than ourselves, render selfless service to our community and to humanity as a whole.
Aisha’s background is in business strategy, fundraising, project coordination, human resources and social development, and she sits on the board of several organisations.
Continue reading “Meet Aisha Ummi Bello Tukur, A Guardian Angel.”
Continue reading “Ever considered saving for your Children’s education?”
I came across a question on Quora.com and the answer to this question made me so happy. I find that a lot of women are in the same stead, thinking the same thoughts; wondering why and what the importance of writing a will is.
If you are building assets or building your wealth, It is imperative that you think about estate planning and a will is a foundation estate planning document. Estate planning is the process of anticipating and arranging, during a persons life, for the management and disposal of that person’s estate during the person’s life and after death whilst minimizing gift, estate and income tax.
Continue reading “Your last will and testament”
The new name of Guernsey-based Generali Worldwide Insurance Company Limited is Utmost Worldwide Limited.
This follows the announcement of the sale by Generali on July 19, 2018, when Utmost Wealth Solutions’ parent company, Life Company Consolidation Group (LCCG), revealed it was going to acquire Generali’s wealth-management and service units in Ireland and Guernsey for €409m.
The sale is now complete. Utmost Worldwide will be trading under two new distinct brands: Utmost Wealth Solutions (wealth management) and Utmost Corporate Solutions (employee benefits).
“Generali will retain the health portfolio of Generali Worldwide in the Caribbean, which will be managed by the global health division of Generali. This will allow Generali to maintain its presence in the region with the aim to further reinforce it and to continue to pursue its strategy of sustainable growth and excellence in service.”
The Utmost Group now has over £33bn in assets under administration and over 240,000 customers.
The message is very much clear from S&P’s Global report titled The (Financial) Future is Female, women’s influence as investors in the global financial markets is growing significantly and has grown over the past 40 years.
Due to this growth, the report concluded that more has to be done to consider the approach women take to their finances and the issues they care most about.
In 10 out of 11 countries surveyed by S&P, women said they are less prepared than their male counterparts to weather a financial setback. 32%-45% of women said they would have to make some lifestyle adjustments within one month if they were suddenly unemployed or unable to work.
Continue reading “Women’s investible wealth to hit $72 trillion globally by 2020”