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Top 5 financial tips for 2014

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What is the key to financial success? This is a question we all have an interest in, in some way or another. Read our guide to financial success in 2014 and we will relay some simple truths about financial success and show you how to achieve financial success this 2014. 1. Spending less than you earn If you spend less than you earn you are already halfway to achieving financial success. Spending less than you earn is hard though and it requires the discipline and the forethought to say no to things that you want but can’t realistically afford. It also requires that you monitor, record and constantly evaluate your expenditure and income, comparing these and ensuring that you continually spend less than you earn. 2. Getting paid what you are worth Another simple financial rule is to receive renumeration that reflects your worth. Are you stuck in a deadend job? If you are then you should create a list of your talents and qualifications and think hard about how you can get paid for these. You may find that there are jobs you can apply for that you would otherwise have ruled out, or it may be that you are due a promotion you are too shy to ask for. You may find that a career change is in order, or you might even decide to set up your own business doing something you love but may otherwise have been a hobby. canada-dollar 3. Emergency planning You always have to plan for a financial emergency and try to put some cash aside for a rainy day. If you can’t do this then there will always be a way to mitigate your losses. Instead of letting a cheque bounce or a payment bounce you could borrow money from a friend or relation, ask your bank to increase your overdraft or approach a reputable payday loan company for a short term loan. Use the calculator on the Wonga site to work out the costs of a payday loan and compare these to the costs of missing the payments. 4. Shopping wisely Shopping in the sales is something we all do from time to time, but if you plan your shopping to coincide with sales than you will save lots of cash by never paying for full price items. Always buy your winter coat in the summer time for example and try to avoid ‘high fashion’ clothes. Go for things that are durable and plain. You can spruce these up with high fashion accessories that don’t cost a lot. It also helps to shop online as when you do this you can examine the competition more extensively and make the wisest investments. 5. Fuel, travel and utilities Lots of us waste money unnecessarily on things we take for granted such as the electricity being there at the flick of a switch. We underestimate how simple efficiencies like drying clothes on a radiator instead of in the dryer, or washing clothes at 30 degrees unless they are heavily soiled can save us over the course of a year.

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Matthew McConaughey explains why he’s inspired by Marc Benioff’s ‘new capitalism’

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Salesforce (CRM) CEO Marc Benioff has burnished his reputation amid the COVID-19 pandemic as an outspoken advocate for a “new capitalism” that improves social welfare, and he has used his resources to develop contact-tracing technology and donate 1 million masks.

That commitment to “stakeholder capitalism” caught the attention of actor and investor Matthew McConaughey, who told Yahoo Finance that Benioff “inspired” him to embrace the notion that business ventures can both generate profit and promote the common good.

“I’m all for making money — I have good money. I’m all for fame — I’m happy to be famous,” says McConaughey, author of a new memoir called “Greenlights.” “But I’m inspired by looking at people like a [CEO] John Mackey with Whole Foods or Marc Benioff at Salesforce that go, ‘Hey, I have an idea that’s really good to do, even if it was for nonprofit, but let’s make profit off of it.”

McConaughey elaborated on the mentality embodied by Benioff: “I want to make money off this. I want to get rich off this. And how can we parlay that to being something like, ‘Oh, and it’s good for the most amount of people.”

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Government, religion, the economy and capitalism

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Mr. Selby, Mr. Bloom, and Pastor Biller have brought an interesting conversation on governing, religion and the economy to this page.

Governing. The U.S. Constitution establishes a representative Republican form of governing the USA and in each state. The power to democratically elect their representatives for governing resides in the people and the right of one person, one vote for all citizens, regardless of religious or spiritual affiliation, ethnic origin, orientation or gender. The Declaration of Independence plays no role in our governing design.

Religion. The First Amendment to the Constitution states: “Congress shall make no law respecting an establishment of religion, nor prohibiting the free expression thereof.” After the war over secession, there have been efforts to amend the Constitution to declare the USA a Christian nation. All of those efforts have failed, reinforcing the USA as a nation of religious and spiritual diversity.

The economy. Nothing in the Constitution specifies that the USA must have a certain type of economic system and certainly not that it must be capitalism, however defined. We have a wide range of choices available to us for our economy. At one extreme would be an economy where there is a totally free market system where all ownership of all property is held privately by individuals. There is no government, consequently there are no regulations and no taxes. Individuals and corporations are free to do whatever they wish as there are no constraints on their actions. It is essentially anarchy. At the other extreme is an economy where the national government owns everything and dictates all production and prices. This other extreme is equally odious as there is no individual freedom, only the government as the absolute dictator of activities.

In between these two extremes, however, we have a wide range of possibilities for our economy, politically and socially. Capitalism encompasses a fairly wide segment of that range. “Capital” can be property, plant, equipment, patents, trademarks, inventories, stocks, bonds and cash. Fundamentally, capitalism is a means of wealth accumulation for those who have sufficient capital to put it to work earning more capital. Those who have little or no free capital are employees in that wealth accumulation process.

There are, however, opportunities for imaginative entrepreneurs to break into the capitalist elite. Unfortunately, over the past 50 years in the USA, the wealth gap between the wealthiest 1% and the rest of us has risen dramatically.

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Where is Capitalism’s Superiority Now?

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HAVANA TIMES – I have been hearing capitalist propaganda’s clamoring about how this system is here forever, because it’s the best option out there. It supposedly offers the most opportunities and freedom, upholds democracy and defends human rights, while, socialism is a failure, and has no future.

However, it is becoming clearer and clearer for us to see how capitalism is marching towards a general crisis, which will inevitably lead to its demise.

From an economic standpoint, there is no way that a government can survive if the rich only get richer and the poor only get poorer. A government where thousands of workers end up unemployed every time there is a crisis. Also losing their homes because they can’t afford rent and ending up on the street like the homeless.

Others have to pay for health care, which is very expensive. If they get really sick, they end up losing everything or being stuck in debt for the rest of their life.

The same goes for education, because the only quality education systems in much of the world are private and expensive. Public universities in the US aren’t free, you have to pay, and students end up in debt for many years.

In terms of democracy, it’s just a big fat lie. A democracy is a people’s government for the people. However, in capitalism, a country is governed for capital, for the rich. The only thing ordinary people can do is vote in elections, for a candidate they often don’t know, and they have no idea what they will do once in office.

Leaders in capitalist countries fill their pockets, because pretty much all of them are corrupt. When elections favor more progressive candidates who are genuinely concerned about the general population, the Right refuses to recognize the results and turns to violence or a coup d’etat. Is this a democracy?

There are plenty of examples, but I’ll only mention the more renowned. For example, Evo Morales won the elections in Bolivia a year ago, in the first round, but was accused of fraud. This happened with the OAS getting involved, and the armed forces were incited to carry out a coup d’etat.

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