Mother’s Day arrives this year amid mounting financial difficulties for women and girls. COVID-19 has driven millions of women, particularly mothers of young children, out of the workforce, leading to disproportionate female wealth loss and some of the highest unemployment rates for women seen in the 21st century. I’ve seen this firsthand in my work helping young people at Albert, a personal finance app whose customers (which skew 20-something and female) can text me and the other Geniuses for financial guidance. Since the pandemic started, I’ve gotten frequent messages from young women who are navigating unemployment or underemployment
“The future ain’t what it used to be.” – Yogi Berra
The last year has been a remarkable time in our society, filled with disruption. The changes in the economy have created challenges for many, but also positive impacts, such as closer connections with customers, enhanced models for direct selling, and growth of online sharing and capturing of data. We see change everywhere: in the people, the processes and the technology with which we operate. Change is as present as it is pervasive. It is good to recognize, acknowledge and accept that change is happening in business,
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“Financial education.” This was my condensed response to a question in a recent Publishers Weekly interview: “What could have helped improved the lives of so many people during the Covid-19 crisis?” If more people had a deeper knowledge of finance, probably there would have been more planning and saving by the masses for this unforeseen emergency. But what are some of the most important lessons that someone (especially an entrepreneur) can learn from the science of finance?
I was a bit naive about money when I started “Broke Millennial,” but reading it has been a big help.
Author Erin Lowry has smart advice for paying down debt faster and saving more money.
Her rationale for negotiating a higher salary shaped the way I approach every job.
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Erin Lowry is on a mission to help you get your financial life together. What started as a blog titled “Broke Millennial” has now turned into three books, online courses, and multiple presentations about personal finance as it relates to young adults.
Matthew R. Meehan is a leading finance expert and CEO of Shield Advisory Group. He specializes in helping SMEs access credit and capital.
I have always believed that as long as you’re open-minded, you can learn something from anyone, no matter their occupation. Growing up, I was fortunate enough to spend time around my grandfather, who served with the Merchant Marines during World War II, traveling around the world fighting for the allies.
Every time I saw him, he told me stories from his life, some funny and others more serious. Later on in life, I found out
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