Daily Archives: January 9, 2021

There is no dignity quite so impressive, and no independence quite so important, as living within your means. This beautiful and simple quote is symbolic of why financial independence is important for us all. And when it comes to women, it is, of course, of paramount importance. Women have come a long way, just fighting for equal rights and opportunities. Its been the equivalent of starting a race much later while others get a headstart. While women have closed the gap in this race of equality, theres plenty to do. This journey towards a more just, equal, and accepting world that values women for their selves has one extremely important component: financial independence.

Also Read:WoMoneyKiBaat : Why this daughter puts investment on priority as caregiver

In simple terms, financial independence is the ability to earn a living that enables folks to pay for their living to sustain themselves. It is imperative to understand that financial independence is not limited to working men. It is a basic necessity and requirement for everyone living in the 21st century. After all, it enables several critical aspects of our lives:

Being financially independent not only gives one a sense of accomplishment; it also helps in building healthy morale. It essentially empowers women further, enabling them to make their own decisions and calling the shots the way they seem fit. This confidence and sense of fulfillment help them be self-sufficient, both emotionally and financially.

Whether its toxic domestic environments, or financial and medical emergencies, being financially independent is an all-encompassing concept that serves as a one-stop solution for all kinds of problems. It, in my opinion, is a suitable solution that delivers women the freedom to lift themselves out of such situations without having to rely on others. And we all know how liberating that can feel, right?

Also Read:Alia Bhatt Turns Entrepreneur, Launches Sustainable Kidswear Brand Ed-a-Mamma

Inflation is (always?) on the rise, and over the past decade, it has compelled individuals of every gender to be financially independent. This is especially important when it comes to women. After all, they too pay their bills while simultaneously breaking societal norms and preconceived notions that only men can be breadwinners of the family. This sort of challenge is tackled with investments, prudent savings and financial planning. Being financially independent isnt just about earning enough its about saving enough and being able to spend enough.

Its only then that women can show how essential it is for both women and men to contribute to the expenses they incur in a household as inflation affects everyone.

Who doesnt want firmer control over important decisions? I know the women do. A firm grip over financial resources without having to depend on another person, is a common goal agnostic of your background, gender, professional capacity, or other factors. Perhaps more than the prudency of it, its also the feeling of happiness and fulfilment that we derive from that, thats most important.

Also Read:First Salary Is Always Special: It Gave Me A Sense Of Independence

Financial independence is important for women of the 21st century. It is not to prove a point, but to ensure that women can break the stereotypes and support themselves if they want and need to. It makes them financially secure and enables them to make their own decisions, support their spouses, and finally, give a sense of achievement and accomplishment in a unique and empowering manner.

Shruti Aggarwal is the co-founder of StashFin, an app-based digital lending venture started by a team of former financial service professionals. The views expressed are the authors own.

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Financial Independence Is Important For Women Not To Prove A Point, But To Break Stereotypes - SheThePeople

For many people, achieving financial freedom is likely to be a main goal within their lifetimes. This will enable them to enjoy greater independence and, in some cases, a better quality of life.

However, a large sum of money does not necessarily lead to greater financial independence. Rather, it is the passive income it provides that can make the biggest impact on an individuals financial outlook.

Therefore, now could be a good time to start investing in cheap dividend stocks with long-term growth potential. Over time, they could make a real difference to an investors quality of life.

Building a large portfolio during a lifetime is likely to be viewed as a means of achieving financial freedom by many investors. While this is partially correct, the reality is that spending capital is rarely a good idea. Over time, the size of an investors portfolio will decline if they are spending capital, rather than the income it produces. This can mean that they eventually run out of money and face a tough financial situation.

As such, the passive income provided by a sum of capital is likely to have a bigger influence on an individuals financial prospects. For example, a large sum invested in dividend shares is likely to provide greater financial independence through producing a larger income return compared to capital held in cash savings at a low interest rate.

Furthermore, the rate at which a passive income grows can have a significant impact on an individuals financial freedom. Should it fail to rise at an above inflation pace, they may find that their spending power deteriorates over time. As a result, buying high-yielding shares with the potential to offer dividend growth over a sustained time period could be a sound move.

Clearly, how an individual invests today depends on their stage in life. For those investors seeking to achieve financial freedom in the long run, buying a diverse range of high-quality businesses at low prices could lead to impressive capital returns. A stock market rally that causes valuations to revert to their long-term averages appears to be likely. This could produce high returns that catalyse an investors portfolio in the coming years.

For those investors who are seeking to make a passive income from their capital today, investing in stocks with dividend growth prospects could be the main priority. They could include companies that pay out a low proportion of their profit as a dividend, as well as those businesses that have bright financial futures. They may be able to afford to deliver strong dividend growth that makes a positive impact on an investors financial freedom in 2021 and beyond.

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Why I Think a Growing Passive Income Is the Key to Financial Freedom - The Motley Fool Canada

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By Tom Blake

Marillee emailed, saying she had read that single women age 65-plus dont want to live with a man. She wanted to know if that was true. I asked my e-newsletter readers for their opinions. Fifteen women responded by email:

Terry: Humans our age are set in their ways. Sex is nice but not necessary (at least for women), separation of incomes is tricky, and sharing of living spaceunless the space is hugewould be difficult.

Laurie Jo: I have mixed feelings regarding being a couple under the same roof. My boyfriend of five years lives 90 minutes away.

I am lonely a lot of the time. Living together is not an option for us; I have decided that, for now, going back and forth for each of us on alternating weekends is OK.

Elizabeth: I know many older women who want companionship but are worried about living together. Many are afraid of taking on household chores or losing financial independence.

Kaitte: Im an independent woman, not needing a man to take care of memost men cant handle that.

Susan, 78: I love having my own place.

Deanne, 67: I was happily married for 30 years, lost my husband six years ago. I want to live with a partner, to enjoy making a home together. Im better as a partner than as a solo act.

Hamila: I was married for 42 wonderful years and was a caregiver for the last six years of my husbands life. I have no desire to live with another man. I enjoy male company, but I do not want to share my home.

Gail: I would live with a man for a couple of days each week, plus on trips and adventures. But full-time? No thank you. Im too independent and happy.

Lisa: I moved last year from Southern California to Tucson. While I would like to find a partner, the LAT (living apart together) arrangement describes my preference.

Id like to find someone to do activities with, share meals, and have sleepovers, but I want my freedom and independence. too.

Arlene: Its a trade-off! We get a roof; they get a slave. Not for me! My ex never cleaned his toilet. He never cleaned anything except his car every Sunday morning, which prevented him from churching with me.

Kathleen, 60: I would like having a male companion to spend time with, especially seeing concerts, plays, book readings, or even going out with for a meal, but living togetherno thanks!

Dianne: No. Once is enough. Cant see how any man over 60 could offer anything that would make moving in worthwhile.

Bonnie: While a mans companionship is wonderful, being solo is also wonderful. Such an individual thing.

Alicia, 68: I stay busy with my hobbies. I would love to share a home with a man. I would hope the man would likewise have his hobbies, interests, and friends.

Mary Lou, 75: I cant imagine living with someone today. I have turned into an independent senior woman, and I like my routine.

Toms summary

Most single women age 65-plus would like a male companion, but less than 25 percent of this group want to live with a man. The word independent was mentioned often. Might women choosing to live alone become a trend?

How each relationship plays out is different. As Bonnie said, Such an individual thing. There is no right or wrong response.

One thing this pandemic has taught us: we all need our space, we need time alone. But its still mighty nice to come home to that welcome hug from our mate.

Tom Blake is a retired Dana Point business owner and resident who has authored books on middle-aged dating. See his website at findingloveafter50.com. To comment: tompblake@gmail.com

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On Life and Love After 50: Do Single Women 65-Plus Prefer to Live Alone? - Dana Point Times

In the first UN World Conference on Women held in Mexico City in 1975 a group of women discussed the idea of financial independence for women and how it could give them control over their own lives.

At the time, this was almost a dream for many women, even in the United States, who started owning a credit card, thanks to the Credit Opportunity Act of 1974.

In a bid to make women more financially independent, three women Michaela Walsh, Merrill Lynch, US; Ela Bhatt, Self-Employed Womens Association (SEWA), India; and Esther Ocloo, a Ghanaian entrepreneur and womens development advocate founded Womens World Banking (WWB) in 1976.

WWB strongly believes financial inclusion is the key to driving economic empowerment for women, and through them, their communities.And the issue is as important now as it was in 1976.

In an interaction with SocialStory, Pallavi Tewari-Madhok, Director Advisory Services, WWB - India, says,

Pallavi Tewari-Madhok

With a global reach in 28 countries with 51 partners, WWB provides scalable, market-driven solutions to over 67 million women clients. Our direct beneficiaries are low-income women, girls, and youth in developing countries, but indirectly, everyone benefits, Pallavi says.

By 2022, the New York-headquartered organisation plans to scale its operations and reach at least eight million more un/underserved women in India.

The lack of access to financial services worsens a womans condition in society. They risk falling into poverty and getting marginalised. In fact, it doesnt allow them to fully engage in productive economic activities.

WWB seeks to drive economic growth around the world by investing in women. It focusses on expanding the economic assets, participation, and power of low-income women and their households by helping them access financial services, knowledge, and markets effectively.

WWB achieves this through research around financial inclusion, influencing policymakers toimplement initiatives necessary to support women, investing in women-focused institutions to support gender diversity, and by delivering strong leadership programmes to enhance the capabilities of women leaders.

According to a McKinsey report, if women were to have economic parity with men by 2025, it would boost the global GDP by up to $28 trillion the size of both the US and China's GDPs combined.

The 45-year-old institution started its operations in India only about two years back in 2018. Over the past few years, India has pushed out numerous government schemes for financial inclusion, including the Pradhan Mantri Jan Dhan Yojana (PMJDY). In fact, many small and new financial service platforms are reaching out to underbanked women customers.

Despite this, India posses a massive market opportunity to serve nearly 278 million underbanked women, which is why the country is among WWBs Tier I priority markets, explains Pallavi. At present, WWB caters to nearly 22 million women in India, which includes low-income women, women SHGs, and women enterprises.

Currently, it is working to build the resilience of urban low-income women by nudging them to start saving in their Jan Dhan accounts through the PMJDY scheme.

One of the customers of Ujjivan Small Finance Bank.

Nisha, a PMJDY customer in Mumbai, says, I mostly used to make payments in the Beesi (chit fund) with my neighbours. I liked the scheme, and they offered me a loan. So, I made deposits in April, May, June, and July.

In India, WWB is present across Mumbai, Delhi, and Chennai, and operates through a network of seven financial service providers (FSPs), including public sector banks, payments banks, small finance banks, fintech companies, and non-governmental microfinance institutions. These include Ananya Finance, FWWB, SEWA Bank, Ujjivan Small Finance Bank, Bank of Baroda, Kaleidofin, and Frontier Market.

It has also forged three partnerships in India supported by the Visa Foundation and the Michael & Susan Dell Foundation (MSDF) with the Bank Of Baroda, Ujjivan Small Finance Bank, and FINO Payments Bank.

To help with its operations, WWB depends on various government and private entities for funding, which includes the Visa Foundation, Bill & Melinda Gates Foundation (BMGF), Australian government, the Swedish International Development Cooperation Agency (SIDA), and several other public donors, corporate foundations, and philanthropic organisations.

In fact, it also raises money from the donations made on its website to support its women empowerment efforts.

To achieve greater scale, WWB plans to mobilise the FSPs (in the network and beyond) to adopt our proven solutions that match their needs and that of the customers they serve. These efforts could range from publishing in-depth guides, convening hands-on instructional workshops to a light strategic advisory, and providing initial guidance on how to implement solutions while contextualising them to meet each institutions needs, she explains.

The COVID-19 pandemic provided a much-needed boost to the WWB to work harder than before to help women build personal and financial resilience.

The organisation is increasing its engagement with its global network of 51 banks, insurance companies, and micro-finance institutions to help them deliver the support that WWBs women clients need at present.

Representational image

We also launched the Making Finance Work for Women Fintech Innovation Challenge in partnership with the Monetary Authority of Singapore to shine a light on fintech companies that are developing gender-inclusive solutions to serve low-income women in the wake of COVID-19, she adds.

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This New York organisation is empowering low-income women in India through financial inclusion - YourStory

As a committed daily reader of the JJs Roundtable, I was intrigued by a January 6 entry concerning the FIRE Movement (Financial Independence, Retire Early), which is catching fire among millennials. In a nutshell, the movement encourages young people to save and aggressively invest with the hope of retiring long before turning 65, perhaps as early as the mid-forties.

There is much that can be said about the pros and cons of retiring so early, but hearing about it reminded me of a Torah lesson I learned over 40 years ago, when I was in my early twenties. As part of my part-time job to help pay for law school, I met a man in his early thirties who was selling condominiums at a high rise in Santa Monica. He was talented at his job,a devout Christian who had been an NFL football player (for the New Orleans Saints when they were known as the Aints) before selling condos.

While chatting with him, I told him he could make such a fine living selling real estate for the rest of his working career.He knew I was Jewish, and he replied that his study of the Old Testament dictated how he handled his life in this regard.

I had no idea what he was talking about, so he explained,Your Torah has a Sabbath work six days and take the seventh day off. I work as hard as I can for those six days and I make sure I take full advantage of the seventh day of rest. I knew what that was like.

But he then went on to talk about the Sabbatical in the Torah, which is fundamentally the same concept but applied to years. Work hard for six years and take the seventh year off. He told me he had decided to live his life that way.

The man told me he had decided to live his life like a Sabbatical work six years and take the seventh off.

He explained further: the man stayed in the NFL for six years and then voluntarily retired. I had assumed he was injured, knowing that a six-year career in professional football is a long one, but, as he told me, he had planned all along to retire and take a seventh year of full rejuvenation and planning for his next six-year work period.

He further explained that when you know you will take a seventh year off, you do tons of planning and saving. What will you do for that seventh year? Its not a two-week vacation. If you dont do something that expands your horizons, then whats the point? You also have to save money during the six years of work, probably for two years, as you cannot be certain what you will earn when you go back to work. About halfway through the Sabbatical year, the man would start thinking about what he would do next, using the year to focus his interest and intentions.

While on Sabbatical after his NFL career, the man knew he wanted to live near the beach, surf, sail and fish, so he picked Southern California. His love of the water and the beach directed him to pick as his next career something that would allow him to be close to it. He always enjoyed selling, so he found a job selling condos in Santa Monica.

He was halfway through the six years at this point, so I asked him what he was thinking of for his next Sabbatical. He told me he was considering moving to the mountains with his wife so that he could teach their kids the joys of fishing and hunting before they got too old. I was stunned, having never thought that way in my life.

And that is exactly what he did, after which his next working stint was starting a backcountry adventure business in Montana. I lost track of him after that and heard that he died of cancer a few years ago. Im sure that if I had seen him as he was going through the final stages of his life, he would have told me how pleased he was that he had lived life so fully in the time God had allotted him. He would thank me, as a representative of the Jews, for providing the Sabbatical framework for his life.

Now, doesnt the Sabbatical model seem to make for a more fulfilling life than Financial Independence, Retire Early, where you work like a dog so that you can retire at 50 and figure out what to do with the next 35 years? And we havent even mentioned the real FIRE that might occur youve worked yourself to the bone for those 25 year or your post-work investment and planning didnt work out too well, so that you run out of money at age 75 (25 years or more after retirement). And we havent even mentioned family, mortgages, college, etc.

Perhaps millennials should consider the Torahs alternate method of a life well lived.

Avi Peretz has lived in Los Angeles since 1958. He isimmediate past president of Temple Beth Am, Los Angeles.

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The Sabbatical Way of Living - Jewish Journal

Watch: Harry and Meghan in a very good place one year after shock Megxit statement

Prince Harry and Meghan Markle are in a good place and their organisation is doing amazing things a year after they announced they wanted to step back as senior royals.

On 8 January 2020 the royal couple surprised their family and fans as they announced on social media that they wanted to relinquish their senior royal roles, instead representing the Queen part-time and also being able to make their own money.

Now, the couple live in California with their son Archie, who turned one during lockdown last Spring.

And a source has revealed to PA that they are in a good place after the tumultuous year.

The source said: After a very turbulent 12 months for everyone in the world and massive changes of moving country and all the rest of it, they have also been very vocal about what they have gone through in their own personal life.

They have a house. They have created the financial independence that they were after.

They have launched their organisation and their organisation is under way doing amazing things already.

And so I think that they are in a very good place.

Read more: Prince Harry says 'libellous' article left former marines 'susceptible to suicide'

Harry, now 36, and Meghan, 39, said they wanted to step back in order to retain more privacy for them and their family.

The step back has given them confidence to go after newspapers when they fear their privacy is being breached, and they have been successful in securing apologies over photographs taken of Meghan and Archie in Canada during the Christmas break of 2019.

They also wanted to make their own money and have financial independence. Since stepping back, they have secured lucrative deals with Netflix and Spotify, enabling them to pay off the 2.4m renovation costs of their Windsor home, Frogmore Cottage, and buy an 11m forever home in Santa Barbara.

It has not shielded them from criticism, and they have faced backlash in the UK from commentators about their decisions, including encouraging Americans to vote in the US election in November.

Story continues

Meghan was widely supported when she revealed she had a miscarriage in the summer, but even that deeply personal article did not stop some from questioning if she was breaching her own privacy.

While the COVID-19 pandemic meant they could not get their plans into action as quickly as they hoped, they have recently been able to start their foundation, Archewell, and released their first podcast on Spotify.

They have previously said some of their first Netflix programmes were in production.

The time in lockdown afforded the couple more opportunity to decide what they want to support and focus on as they launch Archewell.

The first project through the foundation was confirmed in December, as they announced it will fund four new community relief centres around the world.

Some of the other issues Archewell is expected to focus on include racial justice, gender equity, climate change and mental health.

Read more: Will Brexit affect the Royal Family?

It was after an extended break in Canada over Thanksgiving and Christmas 2019 that Harry and Meghan decided they did not want to remain in their senior royal roles.

After an engagement at Canada House in London, where they thanked the staff for the warm reception in Canada, they posted a photo on Instagram with a caption explaining their hopes of stepping back.

But Buckingham Palace was quick to explain the issue was complicated, and within a few days it was clear their hopes would not quite be met.

There were concerns they would be seen as profiting from the monarchy if they earned money and represented the Queen.

The deal they struck was dubbed a hard Megxit and they set their final date as senior royals as 31 March. In the end, they did not carry out official duties after Commonwealth Day, on 9 March.

Watch: Prince Harrys Apple TV series delayed

Read more: How Prince Harry and Meghan Markle are choosing to speak for themselves

A 12-month review period was also set but there is unlikely to be any major announcements made immediately after 31 March 2021.

Harry and Meghan are still known as the Duke and Duchess of Sussex, but agreed to no longer use their HRH stylings. They also dont use the word royal.

Harrys honorary military appointments - Captain General of the Royal Marines, Honorary Air Force Commandant of the Royal Air Force Base Honington, and Honorary Commodore-in-Chief of the Royal Naval Commands Small Ships and Diving - were taken from him but have not been reallocated to any other royals.

They were allowed to keep patronages but are no longer representing the Queen in those positions.

With so much in their own plans for the future, its unlikely the couple will want to return to their former royal life anytime soon.

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Prince Harry and Meghan Markle 'in a good place' and 'doing amazing things' a year after Megxit - Yahoo Sports

Of course Taylor Swift had even more songs recorded during the 2020 quarantine that has already yielded her albums Folklore and Evermore, which now gets a bonus track. Its Time to Go terse lines set against an insistent one-note guitar and four chords maps romantic and workplace setbacks against her own struggle to hold onto her multiplatinum catalog: Hes got my past frozen behind glass/But Ive got me. Its advice, rationalization, a way to move on: Sometimes giving up is the strong thing, she sings. JON PARELES

Celeste, Love Is Back

Celeste who, at least in Britain, has been on the verge of a breakout moment for the past few years rang in 2021 with a performance of her new single Love Is Back on Jools Hollands annual New Years Eve show. Amid rhythmic blasts of brass, the 26-year-old soul singer croons coolly for much of the song before a dazzling grand finale showcases the strength of her smoky voice, which recalls both Amy Winehouse and Billie Holiday. With a debut album, Not Your Muse, slated for release on Feb. 26, this could finally be Celestes year. LINDSAY ZOLADZ

The gender warfare in pop hip-hop continues with Best Friend, particularly in its video version, which opens by mocking toxic masculinity and another fake woke misogynist a bare-chested guest guy while Saweetie and Doja Cat lounge in bikinis. A twangy two-bar loop accompanies the two women as they flatly declare financial independence and, eventually, find each other. PARELES

Ideas waft up and ripple away throughout Come in Closer the smoothly elusive new single from the breathy, androgynous-voiced Canadian singer and songwriter Michael Milosh, who records as Rhye. Hardly anything is stable; not the beat, not the chord changes, not the vocal melodies or instrumental countermelodies, not an arrangement that moves from churchy organ to a string-laden R&B march to eerie a cappella vocal harmonies. The only constant is yearning: How Id love for you to come home with me is the songs closest thing to a refrain. PARELES

Virgil Abloh featuring serpentwithfeet, Delicate Limbs

Virgil Abloh is best known as a designer; no wonder Delicate Limbs begins with fashion-conscious lyrics: Those gray pants you love might bring you luck, but if they ever fray you can call on me. But Delicate Limbs even more clearly ties in with the catalog of Ablohs collaborator, serpentwithfeet, a.k.a. the singer and songwriter Josiah Wise. Its an incantatory enigma, wandering among electronic drones, jazzy drum crescendos and cinematic orchestration, building extraordinary drama. PARELES

Viewers of the recent HBO documentary The Bee Gees: How Can You Mend a Broken Heart will recall that it was not Dolly Parton nor Kenny Rogers who wrote their mammoth 1983 hit Islands in the Stream, but, actually, the Brothers Gibb. So Parton is a natural choice for a duet partner on Barry Gibbs moving and delicately crafted new album Greenfields The Gibb Brothers Songbook Vol. 1, on which the last surviving Bee Gee adds a little twang to some of the groups standards and collaborates with country artists like Miranda Lambert and fellow Aussie cowboy Keith Urban. Parton joins him for a piano-driven, gently elegiac rendition of the 1968 hit Words. On the original single and often in concert, this was the rare Bee Gees song that Barry Gibb sang solo. Reimagining it as a duet, and especially with a voice as warm as Partons, makes Words feel less like a confession of regret and more like a prelude to reconciliation. ZOLADZ

Sun June, Everything I Had

Everything I had, I want it back, Sun Junes Laura Colwell sings on the Austin bands latest single certainly a relatable refrain for these times. Its also a fittingly wistful sentiment for a band that playfully describes its sound as regret pop, blending the melodic flutter of Colwells voice with dreamy tempos that invite contemplation. (Its second album, Somewhere, will be out on Feb. 5.) The lyrics, though, conjure a certain restlessness, as Colwell considers moving all the way to Los Angeles before settling on a new apartment three doors down from where she used to live presumably just far enough to stare longingly at the old one. ZOLADZ

Weeping in the Promised Land is John Fogertys memento of 2020: pandemic, disinformation, economic crisis, Black Lives Matter. In a quasi-hymn, with bedrock piano chords and a swelling choir, he surveys the devastation overseen by a pharaoh who keeps a-preaching, but he never had a plan. It doesnt foresee redemption. PARELES

The alto saxophonist Tim Berne and the trumpeter Herb Robertson circle each other like fighters getting acquainted in the first round at the start of this itchy, low-fi recording, which Berne captured at 55 Bar in Greenwich Village 17 years ago. Hes been releasing recordings from the vault on Bandcamp, and this one which he found on a CD-R lying on his studio floor, and posted Christmas Day is especially raw and lively. The guitarist Marc Ducret joins after a minute, adding his own wiry lines and helping outline the tracks central melodic phrase before Tom Raineys drums and Craig Taborns keyboards enter and the quintet wriggles into a long, tumbling jam. GIOVANNI RUSSONELLO

At the Jazz Gallery this fall, the alto saxophonist Miguel Zenn and the pianist Luis Perdomo recorded a concert of boleros (or romantic songs, from a range of Latin American traditions), and the set was so understatedly good that after streaming it on Zenns Facebook page, the pair decided to release it as an album. This track is a ruminative lament, written by the Puerto Rican singer and polymath Sylvia Rexach for her brother, who had died in an accident; it was the title track and the most tender moment on Zenns big band album a decade ago. On the new version, as Perdomo alone carries its downward-spiraling chord progression, the pair spends nearly 10 minutes wandering into and away from the songs wistful melody, as if reliving a distant memory. RUSSONELLO

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Taylor Swifts Ode to Moving On, and 9 More New Songs - The New York Times

Why Global Citizens Should Care

One of Ugandas most accomplished female boxers, Hellen Baleke, is using her skills in the ring to teach women to empower and defend themselves.

Baleke has made it her mission to teach women in Katanga, one of the biggest slums in Ugandas capital city of Kampala, the importance of self-defence.

Innocent Kapalata, the coach at Katangas Rhino Boxing Club where Baleke teaches and trains, explained that more and more young women in the slum have been signing up to box as a result of women often becoming victims of violent crime.

At the age of 16, Baleke was groped by a boy on her way home from school. In an attempt to fight him off, Baleke was attacked and returned home with a bloody nose. Its a common experience for young women in Uganda according to the United Nations,more than 1 million Ugandan women are exposed to sexual violence every year. The unfortunate experience drove her to take up boxing so that she could have the skills to protect herself in the future.

Related Stories Dec. 21, 2020 9 Wins for Gender Equality in 2020 Worth Celebrating

"I started boxing because I didnt want any man to stand in front of my face,"Baleke told CNN. "In Katanga,you have to fight if you want to survive, most especially girls."

Balekes uncles taught her how to defend herself, and now she's using those skills to help empower other young women. When she decided to pursue boxing, Baleke found a make-shift gym in Katanga, where she began training and teaching others.

Baleke, now 33, has been boxing professionally for 15 years. At the 2019 African Games, she won a bronze medal and became the first Ugandan woman to bring home a boxing medal in 18 years.

Her success has inspired women in Katanga to take up boxing.

"I admired her since childhood, and I want to become like her. I want to become a senior boxer in Uganda," Christine, one of Balekes students, told CNN.

Not only is Baleke teaching women skills in the boxing ring, she also owns a tailoring business where she hires young girls and teaches them how to sew. The pro boxer aims to show young women the importance of financial independence and stability beyond a boxing career.

"If you [are] on the sewing machine making something, you can make money," she told CNN. "You cannot box for your entire life."

Although the COVID-19 pandemic has put boxing and her tailoring business on hold, Baleke told CNN that she hopes to continue training with her girls soon. The 33-year-old plans to open her own gym and start a fashion company one day.

"It doesnt matter where you are or where you live...I live [in] the worst slum...but it did not stop me from following my dreams,"she said.

Related Stories Dec. 10, 2020 Thomson Reuters Foundation She Escaped Child Marriage in Bangladesh Now She's a Martial Arts Champion

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ARLINGTON, Va.--(BUSINESS WIRE)--E*TRADE Financial Holdings, LLC today announced results from the most recent wave of StreetWise, the E*TRADE quarterly tracking study of experienced investors. Results indicate an increasingly bullish investor mindset despite volatility and recession concerns:

Investors see that unprecedented fiscal stimulus, the Feds easy monetary policy, the vaccine rollout, and relatively healthy earnings are all positives for the market, said Mike Loewengart, Managing Director of Investment Strategy at E*TRADE Financial. Yet at the same time there is awareness that some, if not all, of these factors may already be priced in, and market corrections are a matter of when, not if. Kicking off the new year, its a good practice to reassess financial goals and take a pulse check on your comfort level with risk.

The survey explored investor views on sector opportunities for the first quarter of 2021:

E*TRADE aims to enhance the financial independence of traders and investors through a powerful digital offering and professional guidance. To learn more about E*TRADEs trading and investing platforms and tools, visit etrade.com.

For useful trading and investing insights from E*TRADE, follow the company on Twitter, @ETRADE.

About the Survey

This wave of the survey was conducted from January 1 to January 7 of 2021 among an online US sample of 904 self-directed active investors who manage at least $10,000 in an online brokerage account. The survey has a margin of error of 3.20 percent at the 95 percent confidence level. It was fielded and administered by Dynata. The panel is broken into thirds of active (trade more than once a week), swing (trade less than once a week but more than once a month), and passive (trade less than once a month). The panel is 60% male and 40% female, with an even distribution across online brokerages, geographic regions, and age bands.

About E*TRADE Financial Holdings, LLC and Important Notices

E*TRADE Financial Holdings, LLC and its subsidiaries provide financial services including brokerage and banking products and services to retail customers. Securities products and services are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Commodity futures and options on futures products and services are offered by E*TRADE Futures LLC (Member NFA). Managed Account Solutions are offered through E*TRADE Capital Management, LLC, a Registered Investment Adviser. Bank products and services are offered by E*TRADE Bank, and RIA custody solutions are offered by E*TRADE Savings Bank, both of which are national federal savings banks (Members FDIC). More information is available at http://www.etrade.com.

The information provided herein is for general informational purposes only and should not be considered investment advice. Past performance does not guarantee future results.

E*TRADE Financial, E*TRADE, and the E*TRADE logo are registered trademarks of E*TRADE Financial Holdings, LLC. ETFC-G

2021 E*TRADE Financial Holdings, LLC, a business of Morgan Stanley. All rights reserved.

E*TRADE Financial engages Dynata to program, field, and tabulate the study. Dynata provides digital research data and has locations in the Americas, Europe, the Middle East and Asia-Pacific. For more information, please go to http://www.dynata.com.

Referenced Data

Do you think current stock valuations would suggest that right now we are

Q1'21

Fully in a market bubble

15%

In somewhat of a market bubble

51%

Approaching a market bubble

26%

Not close to a market bubble

8%

When it comes to the current market, are you?

Q1'21

Q4'20

Q3'20

Q2'20

Q120

Bullish

57%

52%

51%

38%

61%

Bearish

43%

48%

49%

62%

39%

Over the next quarter, do you think volatility will

Q1'21

Q4'20

Increase

60%

65%

Greatly increase

11%

19%

Somewhat increase

49%

46%

Stay the same

31%

28%

Somewhat decrease

9%

7%

Greatly decrease

0%

0%

Decrease

8%

7%

Which of the following risks are you most concerned about when it comes to your portfolio? (Top Two)

Total

Q1'21

Q4'20

Recession

32%

34%

Coronavirus and other pandemic concerns

30%

28%

New presidential administration

25%

44%

Market volatility

23%

24%

Gridlock in Washington

20%

14%

US trade tensions

15%

17%

Economic weakness abroad

14%

11%

Fed monetary policy

12%

10%

Inflation

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E*TRADE Study Reveals Most Investors Believe the Market Is in Bubble Territory - Business Wire