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May 13th, 2016 by divider



On Episode 3, How to automate your finances & save time on #MoneyMakingMonday.

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Sam GSK builds businesses. Learning investment skills from the family property management business he started purchasing properties in Atlanta Georgia, renovating and renting them out for cash-flow while simultaneously listing them for sale to profit from the built up equity. Now he runs GSK Wealth Builders, a forward thinking, diversified holding company. The firm is engaged in four primary business segments : Investments, Financial Intelligence, Branding|Marketing, and Real Estate.

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May 12th, 2016 by divider



It’s never to early to start spring cleaning your finances. I’ll tell you where to start in this week’s Money Minute.

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May 3rd, 2016 by divider



Far too many Americans are in the dark when it comes to how best to manage their finances. In honor of National Financial Literacy Month in April, we asked two experts to weigh in on the financial literacy crisis in America. Both agreed schools need to be doing more to teach kids about finance. ‘This country has a real lack of understanding of how important it is to get the financial education in as early as possible with our children and as much as possible,’ said Carmen Rita Wong, a personal finance author. Only 10 percent of states received an ‘A’ grade when it comes to how best they teach personal finance in schools, according to a report from Champlain College, and 23.5 percent received an ‘F’ grade. ‘A’ states required students to take a finance class in high school in order to graduate. ‘It’s just not enough,’ Wong said. ‘The rest of the country needs to understand that this is really vital – just as vital as all of the other classes kids take because this is actual utility.’ Tina Powell, CEO of SheCapital, an investment management platform, said schools are too focused on testing. ‘There’s a saying in schools that if they don’t test it, they don’t teach it,’ Powell said. ‘While the emphasis right now is on SATs, ACTs and getting into college, there’s only so much margin that a teacher has that he or she can actually integrate these lessons in the classroom and that’s why we’re not seeing it.’ Wong said parents need to step in and fill the gap that schools have created by not teaching personal finance. ‘[Parents and teachers] also need education,’ she said. ‘Not all parents have the right advice and teachers also need to be educated on how to teach this.’ Wong said parents engaging in basic money conversations with their kids, such as discussing allowances or explaining credit card statements, can have a significant impact. ‘Sit down and practically show them how this all works,’ Wong said. The number one concept to teach kids is limits, Wong said. ‘It’s discipline but it’s also just understanding that if you have $1, this is what it can do,’ she said. ‘It teaches how much you can do with what and if you want to do more, you’re going to need to borrow more.’ Powell said the practice of delayed gratification is fundamental. ‘You have to make sure your wants and needs are within reach,’ Powell said. Meanwhile, Powell pointed to compounding interest, or interest on interest, as another importance concept for parents to teach kids. The powerful effects of compounding interest can be seen when one starts saving early and has decades of time on their side. ‘Let your money work for you,’ Powell said. Both Wong and Powell agreed that stock market investing was a critical component of financial literacy and wealth creation. TheStreet’s Scott Gamm reports from Wall Street.

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May 2nd, 2016 by divider



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April 17th, 2016 by divider



SEE THE EVIDENCE FROM THE BOOKS!
When the book icons appear at the bottom, hover your mouse over the book to see the quotes. You may want to pause the video so you have time to read.

Season 5 of “Game of Thrones” premieres on Sunday, April 12 at 9PM ET on HBO. To get you ready for the big event, we put together an economic update of the Seven Kingdoms through season 4 of the HBO show. The analysis is based on information from the TV show and the books.

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April 10th, 2016 by divider



SAN FRANCISCO — Prospective buyers of Yahoo’s Web assets have not been dissuaded by a new and sobering look at the company’s souring financials.

Verizon Communications Inc. plans to make a bid for Yahoo’s Internet business next week, Bloomberg News reported. The telecom giant is willing to acquire the company’s Yahoo Japan Corp. stake as part of the deal, Bloomberg said, citing people familiar with the matter.

Google, the main division of Alphabet Inc., is also considering bidding for Yahoo’s core Web businesses, which include Yahoo Mail, Bloomberg reported.

Shares of Yahoo (YHOO) jumped on the news, but quickly fell back down to earth, ending down 1.3% to $36.17 a share.

Verizon, which bought AOL, Yahoo’s smaller competitor, for $4.4 billion last year, declined to comment. Google also declined to comment.

News of eager bidders come despite a disappointing “sale book” Yahoo bankers are showing to potential bidders that portrays a deeply flawed company with plunging revenue and imminent layoffs, according to a person with access to the book.

The book shows that the troubled Silicon Valley icon estimates 2016 revenue will fall about 15% and earnings by more than 20%. Yahoo expects its workforce to decline to about 9,000 by the end of 2016, down from 10,500 last year and 12,500 in 2014, said the person, who asked not to be identified because of the sensitive nature of the talks.

Despite the daunting numbers, Yahoo is likely to fetch a decent price in the billions if Verizon drives up the price, said the person who confirmed the sale book numbers to USA TODAY.

Yahoo, which declined to comment, has made no secret of its distressed financial state. The company’s declining revenue and workforce guidance surfaced during its earnings call in February.

Yahoo is putting its assets up for sale, with a bidding deadline of April 11, amid a shareholder revolt led by activist hedge fund shop Starboard Value, which has threatened to overthrow the board of directors and replace CEO Marissa Mayer.

Even if Yahoo were to announce a sale of assets at a strong price in the coming months, Starboard CEO Jeff Smith intends to follow through with his recently announced plan to overhaul the board, according to two sources with direct knowledge of the hedge fund manager’s thinking. That is because Smith, who has ousted entire boards before, doesn’t trust Yahoo’s current leadership to pursue a sale of assets until the bitter end, said these people, who were not authorized to speak on the record.

One exception would be if Yahoo were to close on a sale before the next annual shareholder meeting. But that is unlikely as Delaware law, where Yahoo is incorporated, requires companies to hold their annual meetings within 13 months of the last meeting. That timeline gives Yahoo until the third week of July, or just four months, to either close on a sale or face a contested director election.

Starboard has been pushing Yahoo’s board to sell off its core assets after it gave up on plans to unlock value for shareholders through a tax-free spin-off of its stake in Chinese e-commerce company Alibaba. Selling its core Internet assets has been pushed as an alternate way to unlock value for shareholders, who argue that the company’s value is being overshadowed by its $29 billion stake in Alibaba.

Alibaba, AT&T, SoftBank, Verizon and Time Inc. have been mentioned as possible bidders. Microsoft is said to also be interested in helping finance a potential sale to preserve a search partnership it has with Yahoo and not cede ground to rival Google.

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March 26th, 2016 by divider



Federal Finance Minister Jim Flaherty and Canada’s economic horizon.

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March 25th, 2016 by divider



Accablée par des dépenses imprévues, la FIFA est déficitaire pour la première fois depuis 2002.

Malgré un chiffre d’affaire en hausse, la fédération mondiale de football affiche près de 108 millions d’euros de perte sur l’exercice 2015.

Les couts engendrés par les scandales de corruption sont responsables de ce déficit:

“L’an dernier, la FIFA a fait face à de nombreuses dépenses supplémentaires, les frais d’avocats ont doublé comparés aux précédentes années, et dans le même temps les sponsor…
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March 23rd, 2016 by divider



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March 4th, 2016 by divider



For details about this sermon and for related resources, click here: http://www.gty.org/resources/sermons/80-358

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