How the gig economy would affect women?

Independent work is on the rise. Using data from the 2016 Global Independent Work Survey, McKinsey says that independent workforce is projected to grow from 68 million to 129 million in the US alone. And a study by Randstad US, an HR service and staffing firm, finds that 70% of workers and 68% of employers believe that a majority of the workforce will be employed in an agile capacity by 2025. Within this so-called ‘gig economy’ women are on track to be

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The Challenges of a Country with no Immigrants – The Story of Japan

Some good friends of mine are currently traveling in Japan. And they are doing what most people are doing in Japan – having fun, eating, instagraming and enjoying this amazing country. Japan used to be a far and expensive destination, and while the distance has not changed dramatically, the Country became much more accessible lately and the flights’ prices to Japan are much lower than they used to be. Also, Tokyo, which was considered once the most expensive city in

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Financial Bubble

What is a financial bubble? How does it evolve? How can we protect ourselves from a bubble? I will try to answer these questions in this post, as this subject is always relevant but somewhat more relevant today when some assets are being traded near all-time high levels. A financial bubble (or economic bubble) happens when the price (e.g., market value) of an asset greatly exceeds its fundamental value, which is the value according to standard economic methods of valuation,

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Follow the Money (and the Millennials)

Once there were Baby Boomers and Gen x’s, and they lived happily. They had brands they really liked along with their favorite beers, cereals, and department stores. They also had their particular way of consuming—looking for a specific physical location, buying lots of things they didn’t necessarily need, and essentially really liking certain products. Then came the millennials, who are less of a brick-and-mortar kind of people. Millennials want to buy everything online. They want everything delivered to them very quickly,

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The Eighth Wonder

Compunding

Lacking financial literacy, many people are unaware of what might be the most important factor for increasing your own capital. It’s a term that Albert Einstein referred to as “the greatest mathematical discovery of all time” (and Albert Einstein knew something about math) and “the eighth wonder of the world.” If there is anything you need to know about finance, it’s Compound Interest (Compounding). But compounding is not just math or finance. It’s a more profound idea than it may seem

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Brexit and London—a Change of Course or Only Acceleration?

London. Once the most influential city in the world. The capital of the British empire that ruled the seas but, more importantly, also ruled the financial world. Beginning in the eighteenth century, London experienced a period of rapid growth, reflecting an increasing national population, the early stirrings of the Industrial Revolution, and London’s role at the center of the evolving British Empire. During the nineteenth century, London became the world’s largest city and capital of the British Empire. Its population

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Does the President Really Influence the Economy?

Presidents come and go (in democratic countries), but they often leave their mark. They mark the country politically, economically, and even culturally. The president of each country is considered to be the most influential person in the country, and the president of the U.S. is considered to be the most influential person in the world. In most countries, the economic state of the country is likely to decide the winner of the elections. We all remember Bill Clinton’s saying “it’s

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How to Invest in Global Warming

This post will start with a disclaimer. Writing about climate change can be very controversial. In the U.S., some might consider it a political statement, but there is a worldwide consensus that global warming is indeed happening. While liberals usually consider global warming as something influenced by humans, some conservatives agree with the facts regarding climate change but believe it’s a result of other factors and not necessarily caused by humans. It’s one of those debates that will last forever,

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Buying a house—A wise financial decision? (2)

In the previous post, I discussed whether or not buying a house today is a smart financial decision. I recommend reading it before reading this post, but if you’re a millennial who hates to read a lot, then the short answer would be no. Or probably not. Not everyone wants to buy today. Some are considering various alternatives for investment. Some do not have enough free cash flow, while others are waiting for a bubble to explode. Among millennials, some

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Buying a House—A Wise Financial Decision? (1)

Buying a house can be the most important financial decision you’ll ever make, especially if you live in coastal areas, where real estate prices tend to be higher. In a series of posts, I will consider how wise it would be from an economic perspective to buy a house today. I will not discuss psychological factors involved, for example, most people want to live under a roof of their own, or some other practical factors—you are very limited in being

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