#economy recovery

[scryillo]

still active on tumblr !! but a bsky for posterity’s sake

[financeattips]

Beginners guide to Financial Planning

Introduction

It is the process of managing your own and your household personal finances, or it is the most valuable point you will have to understand about the data that advice how a single manage his/her personal finance. It Include Financial planning which one person makes over time. That means you establish goals and benchmarks and track your progress. With that said, now let's pretty much get into the basics of how to kick-start your financial journey.

1. What is Financial Planning?

The purpose of financial planning is to assess your financial status, identify the goals you would like to achieve, and come up with a way in which these goals can be possible. This includes budgeting, saving, investing, and managing debt/loans to maintain financial security and well-being as well as planning for life events.

2. Setting Financial Goals

Set clear, achievable goals:

Short-term (rough guideline: build a 3-6 month emergency fund or pay off > 7% interest debt

– Medium Term: Save for a down payment or large expenditure

Long-term — for retirement or your child's education.

3. Understanding Your Finances

Understand your finances by:

Net worth (Assets – Liabilities)- Tracking income and expenses

- Evaluating debt.

4. Creating a Budget

A budget is how you spend your income on expenses, saving, and investments.

- List income sources.

So, the things you got to do are: — Expense characterization (fixed and variable)

- Set spending limits.

- Regularly review and adjust.

5. Building an Emergency Fund

Have three to six months living expenses set aside in a liquid account for medical problems or loss of job.

6. Managing Debt

Reduce debt by:

Focusing on high interest debt

- Consolidating debt.

- Creating a repayment plan.

7. Investing for the Future

Invest to grow wealth:

Stocks- high returns, risk also higher.

– Bonds: Consistent income, lower risk.

Diversified portfolio — mutual funds

Real estate: rental income and appreciation

8. Retirement Planning

Redefining goal retirement savings with retire Expense

401(k) — Employer-sponsored plans

– IRA (Individual Retirement Accounts)

Pension plans:

Steady income after retirement.

9. Insurance and Risk Management

Protect assets with:

— Health/Life/Disability/Property Insurance

10. Reviewing Your Financial Plan

Be sure to revise and fine-tune your plan over time to reflect the goals you are working towards.

Conclusion

Financial planning gives you clear control over your financial future. Establish goals, financial plan, manage debt and invest in interest of stability and wealth creation. Persevere and be able to adapt.

[rainybookshop]

Okay but how funny would it be if Boosh showed up to practice and was like, "oh my coach didn't tell you? I play left-handed now"

[hiddenramen]

the downside of living in one of the poorest regions of america during the worst economic crisis since the great depression is that i have been laid off from three jobs in a row simply because the businesses went under. meanwhile the news continues to tell me how the labor market is recovering

[afrotumble]

The Fiji Times » Report highlights sectors that will lead growth in 2023

[daisyachain]

been a while since I did one of these! Takes me back

tagged by @kareenvorbarra

Last song : Númenor - Oonagh (Nightcore). No comment.

Last show: The Expanse! It’s as good as they say. Had a blast watching it with my equally-invested mother and spotting which actors were Canadian. I’ve had it on my to-watch pretty much since 2018, so I’m glad both to experience a fantastic hard sci-fi and to end the long wait. Also just finished a simultaneous watch of Run With the Wind/Kazetsuyo, an unconventional little sports anime well worth the watch.

Last movie: Has to be Revenge of the Sith as I forced my friend to watch the Skywalker Saga front to back (with The Siege of Mandalore and Rogue One coming up before the OT). I need to find and burn the soundtrack.

Currently watching: Wolf’s Rain, my very first anime. I’ve done a full rewatch maybe once? But I don’t remember it at all. Because it’s a calm and episodic show I’ve roped mom into it as well. On the B-side I’ve started KyoAni’s archery venture Tsurune and I’m rewatching Given in dub. It’s a good time with all.

Currently reading: Critically acclaimed psychological thriller Naoki Urasawa’s Monster and alt history drama Ōoku on the manga front, 00s smash hit Haruhi Suzumiya (reread) on the Light Novel front. I’m on a prose holiday after Wheel of Time, but in between I’m reading a few Murakami books at my best friend’s sister’s roommate’s request.

Current obsession: Um. Recently ended manga Dr. Stone. It’s not good. I don’t advise reading it. The women are some of the worst-treated I’ve seen (art). The production design ditto. I myself have only experienced it through vol. 1 (tried out at the library, bounced off, looked at what happened in the rest of it out of confusion, made fatal mistake), snippets of season 1 of the adaptation, and a skim of 2 arcs online.

So as one does I barely know the plot. I know half the characters and half of those are by accident. The way in which it’s bad isn’t appetizing. It may well have been written by an EU trade committee with how the politics are handled. However the Thoughts it expresses on science, technology, society, pacifism, economics provoke a reaction and I’ve Reacted.

tagging @feathertayl, @emberstreak, @licilou22, @aredhel-of-doylkien, @lamalamam? I’m sure I’ve missed something

[drdemonprince]

The data does not support the assumption that all burned out people can “recover.” And when we fully appreciate what burnout signals in the body, and where it comes from on a social, economic, and psychological level, it should become clear to us that there’s nothing beneficial in returning to an unsustainable status quo. 

The term “burned out” is sometimes used to simply mean “stressed” or “tired,” and many organizations benefit from framing the condition in such light terms. Short-term, casual burnout (like you might get after one particularly stressful work deadline, or following final exams) has a positive prognosis: within three months of enjoying a reduced workload and increased time for rest and leisure, 80% of mildly burned-out workers are able to make a full return to their jobs. 

But there’s a lot of unanswered questions lurking behind this happy statistic. For instance, how many workers in this economy actually have the ability to take three months off work to focus on burnout recovery? What happens if a mildly burnt-out person does not get that rest, and has to keep toiling away as more deadlines pile up? And what is the point of returning to work if the job is going to remain as grueling and uncontrollable as it was when it first burned the worker out? 

Burnout that is not treated swiftly can become far more severe. Clinical psychologist and burnout expert Arno van Dam writes that when left unattended (or forcibly pushed through), mild burnout can metastasize into clinical burnout, which the International Classification of Diseases defines as feelings of energy depletion, increased mental distance, and a reduced sense of personal agency. Clinically burned-out people are not only tired, they also feel detached from other people and no longer in control of their lives, in other words.

Unfortunately, clinical burnout has quite a dismal trajectory. Multiple studies by van Dam and others have found that clinical burnout sufferers may require a year or more of rest following treatment before they can feel better, and that some of burnout’s lingering effects don’t go away easily, if at all. 

In one study conducted by Anita Eskildsen, for example, burnout sufferers continued to show memory and processing speed declines one year after burnout. Their cognitive processing skills improved slightly since seeking treatment, but the experience of having been burnt out had still left them operating significantly below their non-burned-out peers or their prior self, with no signs of bouncing back. 

It took two years for subjects in one of van Dam’s studies to return to “normal” levels of involvement and competence at work. following an incident of clinical burnout. However, even after a multi-year recovery period they still performed worse than the non-burned-out control group on a cognitive task designed to test their planning and preparation abilities. Though they no longer qualified as clinically burned out, former burnout sufferers still reported greater exhaustion, fatigue, depression, and distress than controls.

In his review of the scientific literature, van Dam reports that anywhere from 25% to 50% of clinical burnout sufferers do not make a full recovery even four years after their illness. Studies generally find that burnout sufferers make most of their mental and physical health gains in the first year after treatment, but continue to underperform on neuropsychological tests for many years afterward, compared to control subjects who were never burned out. 

People who have experienced burnout report worse memories, slower reaction times, less attentiveness, lower motivation, greater exhaustion, reduced work capability, and more negative health symptoms, long after their period of overwork has stopped. It’s as if burnout sufferers have fallen off their previous life trajectory, and cannot ever climb fully back up. 

And that’s just among the people who receive some kind of treatment for their burnout and have the opportunity to rest. I found one study that followed burned-out teachers for seven years and reported over 14% of them remained highly burnt-out the entire time. These teachers continued feeling depersonalized, emotionally drained, ineffective, dizzy, sick to their stomachs, and desperate to leave their jobs for the better part of a decade. But they kept working in spite of it (or more likely, from a lack of other options), lowering their odds of ever healing all the while. 

Van Dam observes that clinical burnout patients tend to suffer from an excess of perseverance, rather than the opposite: “Patients with clinical burnout…report that they ignored stress symptoms for several years,” he writes. “Living a stressful life was a normal condition for them. Some were not even aware of the stressfulness of their lives, until they collapsed.”

Instead of seeking help for workplace problems or reducing their workload, as most people do, clinical burnout sufferers typically push themselves through unpleasant circumstances and avoid asking for help. They’re also less likely to give up when placed under frustrating circumstances, instead throttling the gas in hopes that their problems can be fixed with extra effort. They become hyperactive, unable to rest or enjoy holidays, their bodies wired to treat work as the solution to every problem. It is only after living at this unrelenting pace for years that they tumble into severe burnout. 

Among both masked Autistics and overworked employees, the people most likely to reach catastrophic, body-breaking levels of burnout are the people most primed to ignore their own physical boundaries for as long as possible. Clinical burnout sufferers work far past the point that virtually anyone else would ask for help, take a break, or stop caring about their work.

And when viewed from this perspective, we can see burnout as the saving grace of the compulsive workaholic — and the path to liberation for the masked disabled person who has nearly killed themselves trying to pass as a diligent worker bee. 

I wrote about the latest data on burnout "recovery," and the similarities and differences between Autistic burnout and conventional clinical burnout. The full piece is free to read or have narrated to you in the Substack app at drdevonprice.substack.com

[trendynewsnow]

The Economic Landscape: Analyzing Global Trends and Electoral Impacts

The Economic Landscape: A Global Perspective Every major U.S. ally is acutely aware of one of President Biden’s favorite visual aids: a chart illustrating the economic recoveries among wealthy nations since the pandemic-induced recession came to an end. This graph starkly demonstrates a troubling trend: while the United Kingdom, Germany, and Japan have seen their growth stagnate over the past two…

[scamexposed1]

Exposing BKchaintop: GCC Litigation Fights for Justice Against the Latest Scam

In an era where digital currencies and blockchain technologies promise financial freedom and innovation, scams can lurk just around the corner, preying on unsuspecting investors. One such notorious scheme is BKchaintop, a platform that has recently come under fire for allegedly defrauding countless individuals. However, hope is on the horizon as GCC Litigation steps up to seek justice and compensation for the victims of this fraudulent operation.

The BKchaintop Scam

BKchaintop presented itself as a promising investment opportunity within the cryptocurrency realm, luring victims with promises of high returns and enticing features that seemed too good to be true. Many individuals, drawn by the allure of potential profits, invested significant amounts of money into this platform. Unfortunately, what they received in return can only be described as a financial nightmare.

As complaints mounted, it became increasingly clear that BKchaintop’s operations were deceptive at best. Many investors found their accounts frozen, withdrawals denied, and their hard-earned money vaporized into thin air. It took just a short time for the once-promising venture to reveal its true, fraudulent nature, leaving countless victims in its wake.

GCC Litigation: Championing Victims' Rights

Recognizing the scale of this scam and the devastating impact on innocent investors, GCC Litigation has launched a robust initiative to pursue justice on behalf of those affected. With a dedicated team of legal experts specializing in investment fraud, GCC Litigation is determined to hold BKchaintop accountable for its actions.

The firm is actively gathering testimonials from victims and compiling evidence that highlights the fraudulent practices employed by the platform. Their aim is not only to recover lost funds for individuals but also to ensure that those behind BKchaintop face legal consequences for their scam.

Seeking Compensation — What Victims Need to Know

Victims who have suffered financial losses due to BKchaintop are encouraged to come forward and seek representation through GCC Litigation. The firm emphasizes that regardless of the amount lost, every victim’s story matters and contributes to the broader case against the scammers. 

GCC Litigation is advocating for fair compensation and focusing on building a strong legal case that will stand up in court. They are also offering potential plaintiffs free consultations to assess their cases and discuss possible compensation avenues, ensuring that financial recovery is within reach for those impacted.

Conclusion: Stand Strong with GCC Litigation

BKchaintop's deceitful practices have disrupted the lives of many, but with GCC Litigation at the forefront, there is hope for justice and recovery. Victims of this scam can take solace in the resilience of the legal system and the commitment of professionals fighting on their behalf.

If you've been affected by BKchaintop, now is the time to step forward. Join the fight for justice and reclaim your financial future with the dedicated support of GCC Litigation. Stand strong, and remember: you are not alone in this battle.

[carlocarrasco]

Economy of the Philippines to keep growing above 6% in 2024 and 2025

Recently, an economist predicted that the economy of the Philippines will keep growing above 6% this year and next year, according to a Philippine News Agency (PNA) news article. To put things in perspective, posted below is an excerpt from the PNA news article. Some parts in boldface… The Philippine economy is expected to remain one of the fastest growing economies in the region, with growth…

[elsafty9]

Unlock Financial Wisdom for Just $0.99 with "The Financial Crisis and the Free Market Cure"

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[baharlivings]

The student loan debt crisis impacts over 43 million Americans. Rising debt and global hardships have led to new laws.

[xauraworld]

X-Recovery’nin benzersiz bileşenleriyle, doğanın muhteşem güzelliklerini hissetmeye hazır olun. Turmalin, Ginseng Yağı ve Mentol’ün eşsiz kombinasyonu, günlük rutininize yeni bir boyut katacak.

Keşfetmeye hazır mısınız?

Bu heyecan verici deneyime katılın!

#xauraglobal #xauraglobaltürkiye #xaura #xauratürkiye #xauraworld #xrecovery #organikyağlar #turmalin #mentol #ginsengyağı #ginseng #transdermal #transdermalpatch #networkmarketingtürkiye #mlmsuccess #mlmbusiness #networkmarketing #networkokulu #networkmarketinglifestyle #keşifzamanı #xauraquality #healthinnovation #packagingdesign

[head-post]

Delayed payments jeopardise goals of pandemic recovery fund

Delays in the payment of the EU’s COVID-19 recovery fund severely hamper the ability of member states to recover from the pandemic, according to the European Court of Auditors (ECA), Euractiv reports.

The ECA report noted that by the end of 2023, EU countries had spent less than a third of the €723bn originally allocated to the Recovery and Resilience Facility (RRF). Auditors also warned of additional risks of delayed absorption before the RRF’s scheduled expiration in August 2026.

Ivana Maletić, the study’s lead author, stated:

“The RRF was a crisis instrument and [the EU] was supposed to do everything very, very quickly in order to recover [member states’] economies. How can you recover if you don’t invest quickly?”

Maletić added that the main reasons for the delays were member states’ uncertainty about the rules for implementing the RRF, their underestimation of the time needed to implement the reforms, and especially the lack of administrative capacity.

The problem [of a lack of administrative capacity] is not only at the level of public administration. The problem is also at the level of the private sector, because then [the government has a] tender, but they don’t have firms who are actually applying to these tenders because (…) they simply don’t have the capacity.

Approved at the peak of the COVID-19 pandemic in 2020, the RRF was designed to stimulate EU economies in the post-pandemic period by financing critical green and digital investments in exchange for targeted reforms. It initially consisted of €338 billion in grants and €385.8 billion in debt-financed loans.

However, a lack of engagement by Member States led the Commission to reduce the fund’s available resources from €723 billion to €648 billion earlier this year.

The ECA highlighted that the minimal impact of the RRF on the EU’s “real” economy was compounded by the fact that of the €213bn of allocated funds, less than half eventually reached the intended final recipients.

The auditors also noted that some Member States interpreted the term “final recipient” to refer to the companies or public institutions that actually receive the funding. Others understood the term to refer to government ministries or institutions that simply allocated the resources of the fund.

“Even this €100 billion [is] not something that is inserted in the economy. It’s still, in many cases, at the level of the ministries and other public bodies. We need to know how much money will reach the real economy, and who are the beneficiaries of this money.”

Zsolt Darvas, senior fellow at EU policy think-tank Bruegel, said that strong opposition from Germany, the Netherlands, and Sweden meant that the chances of extending the RRF beyond 2026 were slight.

The RRF came to life because COVID-19 hit Europe. In the absence of another big external shock, I would give a low probability that RRF will continue, and I don’t think that the implementation pace has an impact on that.

Read more HERE

[intelligentchristianlady]

"It's the economy, stupid."

Don't believe the lies.