Financial advisers – how has reverse sexism become the acceptable norm?

In my opinion, pretending in a non-sexist way by engaging in sexist activities is perhaps the worst manifestation of the moral basis in human activity. Let’s take an example from the financial media industry if we could.

Well, The Wall Street Journal contains a list of the best financial advisors, and in that list men and women take into account ratings, actual profitability, and the amount of money under management. Then the Wall Street Journal releases a list of the best women financial advisors. Looking at it, one could easily tell; and what? But that’s only because we’ve been taught to think it’s right, even if it clearly reflects women’s complete bias. I asked myself, why does the Wall Street Journal do this?

It’s just in the media – it’s journalists, journalists spend a lot of time in college to get a degree in journalism, and so he had more time to brainwash into the trap of sexist theory, which says that in our patriarchal society, women somehow become victims. The Wall Street Journal pretends to be above all, but obviously not, judging by this choice of content.

If things were fair and sexism didn’t exist and everything was truly “gender neutral,” there would be only one list with men and women, or there would be two lists: one only with men and one with women to be fair to both. If we look at the list of all financial advisers, only one woman is in the top 20, and in the top 100 – four, which is not very good, and, of course, there are reasons for this, but the numbers are fair and square. We live in a competitive society, and the financial sector does exist, and these are real results based on predetermined criteria. This is true.

If for some reason we as a society are worried about women who look bad during such surveys and data, or when it comes to the Wall Street Journal, then we have a better choice;

A. Do not publish the survey at all

B. Two separate surveys – one for men and one for women

If we choose “A,” then we have a bias to store or hide data, which does nothing more than reinforce the erroneous name and reinforces the theme that both men and women are completely equal in all aspects of human effort, we are not out are. We all either know or should have known this already, simply by simply observing our species, and the basic people who observe the techniques inherent in our species must understand the world around us.

So the above “A” is better than the way we now conduct a financial advisor survey, but probably not as good as choosing “B”, which makes more sense.

Now one can argue, and a professor of gender studies would certainly say that the reason women had only 4 places in the top 100 is that the industry used to shy away from women. Okay, let’s take this for a moment? First, the field of financial advisor is quite new, in fact the first people even licensed it, and the first courses took place in the late 70’s – early 80’s. There were women in these first classes. I know, since I was married to one of them, I entered the very first class. Most of the people in the class were men, but there were also women.

Perhaps this title or subject did not interest women so much. Everyone who was allowed at the time was registered. Mostly stock brokers who had enough to eat the norms were those who were in first grade, but not all, some were just people from finance, banking and accounting and other strata and interests. At the time when the industry started at all, there was no bias. In fact, some may say that because “Financial Counseling” is largely about “relationships” with clients, women may be more appropriate, this is of course my bias, because I believe that women who are evolutionarily out of are the mothers of a married unit, more successful than men in a relationship, but I refuse, because enough words have been spent on this topic to fill in the publicly available data created by man.

So why do men outperform women as financial advisors? Well, we can say that men tend to be more competitive, so approach higher risk, which leads them to be very successful or tend to be less successful, so they break down and burn out and go looking for a new job in some other sector. The survey, which shows the lowest or worst (in terms of profitability) financial advisers, in this case will be filled by men; and women who build relationships better are less at risk because they don’t want their clients to lose money, will show more average returns, that overtime is a safer rate. This can make them overall “better” – a topic for future dialogue.

The funny thing about all of this, and, mind you, I don’t agree about “gender equality” and don’t even highly value the financial sector; is that while people have been busy playing with gender equality, and the government is busy imposing new rules on the sector, artificial intelligent robo-consultants have come and taken over. Soon the best person to work for will be a man or a woman or even a transgender person, it will be a computer. Well done, you did it yourself – Again!

Book Review: Rich Dad, Poor Dad

In this review, I discuss another great book on financial education. The first book, written by Robert Kiyosaki, “Rich Dad, Poor Dad,” presents simple but powerful lessons in managing personal finances using simple stories and simple concepts.

Rich Dad Poor Dad: Why the rich teach their kids about money – what the poor and middle class don’t do!

This book does an excellent job of explaining such dry concepts of income statements and income statements in a very readable and understandable format. It shows cash flow patterns of poor people, middle class people and rich people. It also shows how from a strictly financial point of view it is absolutely the worst of all types of cash flow.

But not just the concept of accounting, it discusses that rich people just think differently about money, about how to use it, about their power and worth. I have long noticed that the United States is a country that longs for success, but hates successful people. Too often I have seen people slandered whose only crime is that they have worked hard and achieved success and wealth. When I was younger, I also shared a lot of these opinions.

Sure, there are a few people who work like leeches and make a living by sucking the financial backbone out of the lives of others (people who get loans a day, and many sellers of financial products come to mind), but by and large, most people who have attained wealth have done so through hard work and service to others.

One of the most powerful concepts is the fact that you earn so much by working for a salary. You can get rich by working for others if you start early and manage your cash flow well. However, if you open your business sideways, the potential for reward is much greater than that of a business owner. In addition, as an employee, you serve the employer in the assigned role. This means that most likely the role was not designed specifically for you and therefore was not designed to take advantage of your unique gifts and talents. Only if you have the opportunity to create a role just for you will you have the best chance of success. Finally, when you work for wages rather than profits, and you can count on a safe and stable flow of profits, you often subconsciously turn off part of your creative brain centers. If your financial well-being is tied to generating new ideas, you’ll be amazed at how much more you can dream and give life. If you are not trained to look for opportunities, you will bypass them.

The most important thing that can be learned from this book is the understanding that the thinking of employees is limited. The employee, as it is understood today, is a relic of the industrial age and factory culture. Before the industrial era, money was usually earned by farmers and traders by buying and selling the fruits of their labor. Virtually everyone worked self-employed. In the 1800s and most of the 1900s roles were assigned so that people acted as rifles in the production process. Tasks were designed by managers according to established procedures, and the last thing managers wanted was for an employee to use their brain to redesign the system or come up with ways to change the situation. Instead of doing what your managers told you to do, the employee was paid a salary. Belief in the infallibility of managerial decision making has fortunately disappeared in most jobs, modern managerial thinking moves much more in a workplace developed by employees that is paid on the basis of productivity and production. But the thinking of the factory / employee is still alive and unchanged. It is very dangerous to have the economic climate of the 2000s. To stay competitive in the global economy, you need to be able to harness the talents and creativity of people, and the thinking of employees is a real hurdle that needs to be overcome by business.

By rejecting an employee’s thinking and accepting self-employment (even if you are an employee), you will not only differentiate yourself from the employer, but will also continue to engage and develop your creative muscles and ability to identify yourself and seize opportunities.

Rich Dad, Poor Dad is a great book that brings you some great lessons.

If I inspired you to choose a rich tattoo, a poor tattoo, I recommend you click on the links in this post or on my page. YouthFinancialEducation.com is not only a great place to learn how to achieve financial success, it is also a place where I constantly use my creativity and skills to bring you value. By clicking the links from here, you are helping to reward me for bringing you this value.

The middle class is broken and on the verge of bankruptcy

As the mainstream media continues to talk about the economy, there is no denying the fact that cash income for the middle-class American family is a thing of the past. The news continues to talk about how the real estate market is recovering, and fewer Americans are declaring bankruptcy, and hence recovery. It’s nothing more than a bunch of bullshit. All you need to do is ask your friends, family and neighbors how they are doing financially, and everyone will complain about the increase in taxes and food costs at the grocery store. It doesn’t even raise gas prices. The government would like you to believe that gas prices are rising and falling depending on what is happening in the Middle East.

This is only part of the equation, and the truth is that gas prices are rising, the dollar – in price. Every week it’s something new, sequestration, a fiscal break or some financial catastrophe, if they hadn’t intervened and fixed it by rescuing a bunch of their donors, the economy would have collapsed. Most economists have said it would be better to allow big banks to collapse back in 2008, and we will already see some recovery for the middle class. A list of billionaires was published today, and when I reviewed it, I found something interesting. The rich are getting richer through this economic crisis. Many of them increased net wealth by as much as 50%. Just look at your bank statement and see how much interest they give you. Maybe it’s almost nothing, but they make billions by cutting and manipulating markets.

A recent study says the average American has three weeks to file for bankruptcy. Some find it hard to believe, but in reality it is close to the truth. The truth is that most Americans live from paycheck to paycheck, and thanks to rising payroll taxes, gas prices and food prices, those salaries are costing less and less. Most American families have come to the point where they don’t have a one-time income for food and entertainment because it’s unnecessary.

I have collected some signs that show that the middle class has run out of money and it is on the verge of bankruptcy.

  1. This week, the Subway restaurant reported that the recent tax increase has significantly affected their business. They estimate a 2% drop in sales since the tax increase earlier in the year. Metro is not the only restaurant struggling, many other major chains are complaining about the downturn.
  2. An article came out last week stating that many of America’s largest retailers will close hundreds of stores in 2013. The list includes Sears, Best Buy, JC Penney, Office Depot, Barnes & Noble, GameStop and OfficeMax. The economy must be worse than expected for these giant retailers to start cutting fat.
  3. According to the Federal Reserve System of New York, debt on student loans has tripled in the last 10 years. This has resulted in most young people not having cash income to exit because they are drowning in student loan arrears. Currently, the debt on student loans has exceeded 1 trillion.
  4. A study published today found that 24% of all Americans have more credit card debt than bank money. It’s nothing more than a cocktail for those individuals who end up filing for bankruptcy as the only alternative. Today, credit card debt is one of the main reasons that push people to bankruptcy.
  5. Over the past four years, the average income in the United States has declined by $ 4,000. In addition to the U.S. Census Bureau, the middle class notes that the middle class accounts for a smaller share of total U.S. income than ever before in history.

As long as the Dow continues to set new records, the media sing happy days again, Americans need to look honestly at their personal situation. They need to keep the reality and they need to talk about bankruptcy. They should contact your bankruptcy attorney and discuss your situation. The media, as responsible for paying these people’s bills, should wake up and take responsibility for their personal situation before it’s too late.

You need more income

The presidential election is over and I can tell you now. President-elect Donald Trump is not going to save you. You will need more income. Senator Hillary Clinton also couldn’t save your finances. True, the middle class is dead. The dream of finding a good job, buying a house, a car and saving to go to greener pastures is an illusion.

Don’t believe me. See all fast food, safety and customer service jobs. Not enough work. Jobs are everywhere if you want to work for a minimum wage or a little higher. Unemployment is falling every year since the last recession. Americans are afraid because they live on wages. They are indebted to the eyeball. One failure and they can be ruined financially.

Don’t think the middle class is dead. Will the next POTUS bring back the revival of the middle class? Heck, it’s been declining for over 30 years. Think. If you make $ 100,000 in places like Los Angeles, New York, San Francisco or Chicago, you’re fighting. Especially if you have student loans, mortgages and huge credit card debt.

The journey is broken

Go to work, get paid, and then barley get to the next salary. Then use credit cards, payday loans or equity lines to bridge the gap until you are paid again. This is a journey broken. The vicious circle that covers most American homes today. People are not moving forward. You can blame the economy, greedy corporations or bad trade deals. After all, why you’re spoiled is because of YOU.

Until you generate more income, the cycle of debt and insufficient money will be repeated. Income is the king of financial security. Here people fail. They do not create more profit. Of course, cost reductions and a monthly cash flow plan can help you in financing. But until you increase that income line … you will struggle.

Get another job

The fastest way to get more income is to get a second job. Yes, there are several jobs depending on where you live. Pizza delivery, security guards, fast food workers and other minimum wage opportunities. I didn’t say I was creating a new career, but said I would work second.

Getting a second job is the easiest way to change your financial future. No, it’s not permanent. This is a direct income, and if you manage your money properly, you will be able to be financially secure in a couple of years. It takes work and discipline. Now that you have family obligations that don’t allow you to get a second job, you need to find other ways to earn an income.

Sell ​​your bullshit

Yes, I called it nonsense. If you pay a monthly storage fee, you can’t park the car in the garage (the garage is designed to keep your car from storing things), or you will still move over with things in your home after you clean up. Then you need to sell that crap. Keep the yard selling. Get rid of it and create money. Put it on eBay or other sites. Clean the cutter and fatten the purse.

Side fuss

With Uber and Lyft you will be able to unleash the sides. Keep your full job and do these independent side contractors. Choose your watch. Work as hard as you can. Don’t like to ride? Find something flexible and increase your score.

Business owner

This is the hardest way to get more income. But it will give wealth if you succeed. If you are not impressed by the spirit of the entrepreneur, find another job. Can you turn your hobby into an empire? Maybe? Understand that to make more money in business you need sales. Sales are the lifeblood of all businesses. No sales, no success.

Generate more revenue

I’ve given you a few ways to make more money. Make a short-term and long-term plan. The middle class is dead. Your financial future is in your hands. More flows will help you survive the middle class crisis.

Financial Recruiters – Job Description

They are professionals who find and place employees in positions in the financial industry. This may include recruiting temporary staff for long-term vacations and holidays, or placing staff in high-level positions. A financial recruiter can work for a recruiting firm, a specific financial company or on their own. To work in this position, they must have knowledge in the field and have a network of contacts to help them find the best employees for different positions.

The first step a financial recruiter takes is to meet with the employer to discuss the types of qualifications they are looking for and the positions they need to fill. If the company they work for wants to advertise, a financial recruiter can help compile a list of vacancies as well as meet with staff to discuss job descriptions. After gathering all the job information the financial recruiter will use their resources to find future employees. These prospective employees will meet with a financial advisor for an interview to determine if they meet the company’s needs.

By working in a recruiting firm or in a specific company, they can give the recruiter time to find someone who is suitable for their job. The financial recruiter will pre-screen those who may come up to open the vacancy and then set up an interview with the company or firm for future vacancy opening. The prospective employee is appointed for an interview only if the recruiter feels that he or she meets the job qualifications.

To work as a financial recruiter, you will need an understanding of the different qualifications and positions in the financial industry. It goes from accounting to executives. You will need good communication and people skills. Useful if you have large networking resources, as they allow you to find more promising employees to open vacancies for which you may be asked to find employees.

To become a financial recruiter, you need to have experience in both human resource management and finance. You must specialize in an area such as management, and a minor – in accounting or finance. You could get a master’s degree and then spend a few years in the world of finance as a manager or work in the human resources department. To gain more experience while studying in college, you could go through an internship. Being a financial recruiter is more than dealing with numbers, it’s dealing with people. Important interpersonal skills. You also need to have good organizational skills and conduct interviews well. This is a good payment position, but it may take several years before you reach the maximum range of money.

It is easy to learn important financial courses

The age of digital technology has proved useful in many ways: from connecting us to the far and near and to enabling us to learn like never before. Online classes on personal finance are a great way to stay sharp when it comes to managing your budget and financial future, and these free, easy-to-use courses are a great way to get started. These courses will help you manage your money, savings and budget. You will be able to successfully manage your debt. This will help you understand and analyze the selection of insurance products available to you today and why they are so important. You will have a good sensitivity to wages, taxes and government benefits. You will learn about consumer rights as well as renting and buying a home. These courses will help you plan for the future.

The Personal Financial Management course offers a broad knowledge and detailed understanding of the financial concepts and terms used in daily life for personal finance planning. Managing money is difficult, and the huge cost of tuition makes going back to school just unrealistic. Fortunately, you don’t need to go back to get a degree in personal finance, as many excellent universities, organizations and nonprofits offer free online personal finance management courses to help you learn on your own to learn what to do. with your payment.

There are many online sites with amazing lessons all over, from prioritizing to choosing the right insurance policies and even real estate planning. With glossaries and key term quizzes, personal finance management is a simple, easy-to-learn course that can help you further increase the level needed to study your finances. The description of this course promises that by the end of the course you will be able to set goals, implement a plan and apply your new knowledge for the rest of your life.

The Personal Financial Management course aims to improve your life through financial education and it is equipped with tools to answer any of your questions. It includes things like budget and saving money while on vacation. There are great websites available for anyone who wants to streamline their budget and learn something about finances.

If you need to file for bankruptcy, you will need debtors and bankruptcy training courses. These high-energy and motivational courses not only bring satisfaction, but also meet all the court’s requirements for debtor training before dismissal in all states and regions. The final course will teach you about the types of bankruptcy that can be filed.

A step was added to the bankruptcy process a few years ago. Bankruptcy applicants must participate in an approved credit counseling course prior to filing for bankruptcy. Also, before you get a statement at the end of the case, you need to take another course in personal financial management. There are very limited exceptions for both requirements, however very few people can qualify for them.

Once you have filed for bankruptcy, you need to take a debtors training course before you can get fired. In addition to the need for credit counseling in bankruptcy requires the education of debtors. In short, before you can file for insolvency, you need to take a credit counseling course, and before you get fired, you need to take a debtors training course.

After filing the case you must take a debtors training course. If you have filed for direct bankruptcy, you must complete it within 60 days of the date set for your creditors meeting. In the event of a corporation’s bankruptcy, it must be completed before making the final payment plan.

Like credit counseling, you must use an approved agency to apply for a certificate of completion (the course can be taken in person, online or by phone). If you are unable to complete the debtor training course, the court may close your case without release, and in order to reopen the case and file a certificate, you will have to pay additional fees.

The debtors’ training course focuses on life after bankruptcy. It teaches you how to manage your money, use credit wisely and make the most of bankruptcy. The main purpose of debtor education is to teach you to make sound and sound financial decisions to prevent future bankruptcies.

Because the debtor training course will cover money management techniques, you will still have to create a budget using your income and expenses after bankruptcy. But unlike credit counseling (which tries to understand whether you need to file for bankruptcy), the focus of this course will be on teaching you how to wisely manage your money, budget, and use credit wisely after resolution in the event of bankruptcy. received.

Investing in cinema as an uncorrelated asset class opportunity for wealthy investors and hedge funds

The term uncorrelated asset classes covers a range of potential investments, including venture capital, real estate, private equity and commodities, but also alternative investment strategies.

But in today’s economy of collapsing government stock markets, default hedge funds and non-existent real estate performances, one company believes that investing in movies, including in cinemas, offers high-return alternative investments that can be used with tax breaks and multiple sources of revenue including cinema, DVD, video on demand, cable phone and overseas markets.

As an uncorrelated asset class, films and film finance outperform all uncorrelated asset classes in the world when looking at the more than $ 6 billion poured into film financing deals over the past 3 years, IRR across the spectrum for both studios and independent studios are sustainable worldwide. economic downturns in other industries.

When defense contractor Honeywell, New York Hedge Fund Elliot Associates and Dune Capital invested more than a billion dollars in total in several different film funds, numerous pension funds, private banks, hedge fund managers, private equity groups and high-value investors and family offices began to emulate their involvement in the film business.

Investors from Wall Street to Silicon Valley to the Middle East to Russia are sending money to Hollywood.

Anil Ambani, Larry Allison of Oracle, Paul Allen of Microsoft, Stephen Rails, Fred Smith of Federal Express, Norman Waite, co-founder of Gateway Computers, Jeff Schole of Ebay, Mark Turtle of the Money Store, Roger Marina of EMC Corp, Sidney Kimmel of the group clothes by Jones, Minnesota twin owner Bill Polad; Real estate developers Tom Rosenberg and Bob Jari, as well as financiers Sheikh Walid Al Ibrahim, Michelle Litvak and Philip Anschutz are behind the funding of a large number of films, ranging from box office hits to Oscar winners.

Institutional investors and hedge funds that invest in films include Elliot Associate, Stark, Columbus Nova, Bain, Honeywell and others.

Investors can use uncorrelated investment strategies to offset or offset the risk of a fall in the value of one or more investments in a traditional portfolio of stocks and bonds. To do this, investors typically place 5% to 20% of their total investment portfolio in alternative investments to protect the rest of the portfolio from the risk of falling.

Among the range of asset classes targeted at individuals, institutional investors, pension funds or private banks, alternative investments are becoming popular that offer greater diversification of investor portfolios. The benefits of such diversification have been demonstrated by Harry Max Markowitz (1990, Nobel Prize in Economics) in modern portfolio theory. He proved mathematically that an investor can reduce portfolio risks by simply keeping instruments that are not perfectly correlated – the correlation coefficient is not equal to one. By pursuing a diversified portfolio, investors should be able to reduce the risk of individual assets.

If investors in search of the alpha version are attracted by alternative investments, this is due to the fact that the allocation of funds to alternative investments provides advantages over traditional asset classes and portfolio diversification “EUR”, although with a certain level of risk.

As investors became more concerned about risk-adjusted returns, especially in a bear market environment, interest in alternative investment strategies gained momentum.

By investing in an alternative investment, a portfolio manager or a given investor seeks to achieve efficiency in the relationship between the securities. An uncorrelated asset class behaves independently of the other securities that make up the portfolio. Such investment funds allow investors to hedge the risk of falling asset value and avoid the effects of a snowball. One of the main benefits of alternative investment strategies is that they minimize the risk of falling.

By learning the proper structuring of film financing, which may also include tax breaks in the U.S. and international regions to minimize risk, many private bankers, sovereign wealth funds, big-capital investors, family offices and retirement plans realize that they are not gambling on one film in hopes of winning a film festival. If the company seeks to finance 10, 20, 40, 50, 75 films, the income from each of them increases not only but the final exit strategy in 5-7 years, which can bring 300-400% return on investment.

Movies, entertainment, the media and Hollywood in general seem to be thriving and not immune to economic problems. If you look at the theatrical receipts and DVD growth of recent films, including “Millionaire Adversity” or “Twilight,” which didn’t have movie stars, the profitability of these and many other films exceeds the profitability and profits of automakers, real estate, stocks, mutual funds etc. Primarily because a well-made film is not a local commodity that is simply bought and sold once, but a global one that has revenue potential in more than 50 countries, including theatrical, cable, television , satellite, airline, DVD and a huge explosion of video on demand.

While some outfits of private equity may contradict the view that Hollywood is safe, this country was built on blue chips and for retail investors, Wall Street and real estate were the way to go. Well, when retail investors as well as institutional investors move from laying bricks and mortar to the film business, the main factor is “why”? “

Some U.S. investors and C corporations are seeking either a rigorous 100 percent reduction in their investments under IRS Section 181, or simply being in a portfolio of investment opportunities that do not correlate. Foreign investors just want a high-yielding uncorrelated asset class that has a long-term appreciation, such as our hybrid film and 100% control over American cinema.

And for small retail investors, with the exception of wealthy families or investors with high net worth, the bridge between film financing, film production, rental and technology is approaching, so investors see that their investments bring immediate returns from monetizing government tax credits as part of the flow of equity, growth in a number of films versus investing in a single picture, possible benefits under Chapter 181, and participation in job creation and stimulating the economy, as each film production creates 50-100 jobs.