Category Archives: Financial Independence

With the launch of the payment gateway in Welthee, the innovative investment platform in volatile markets, anyone can have access to calculated risk investment opportunities. In the application launchpad, the selected startups in the pre-sale stage are already available. These include TOKHIT, the first blockchain-based social network, or Superkoin.

About 5,000 people around the world downloaded the Welthee application in the first 2 months after its launch, three times more than the initial estimates, which demonstrates the extraordinary interest and also confirms the vision of businessman Cristian Voaide, the founder of Welthee, on financial independence, digitization and decentralization. These investors, from all continents, also participated in the pre-sale round, enjoying the financial opportunities that the product brings. The round will end soon, but by then the cryptocurrency has a one-time cost of $ 0.06, and it will increase to $ 0.1.

Welthee, the Beta version, was launched in 2021, combining a futuristic idea about calculating investment risk and the possibilities brought by web 3.0. The Welthee currency and the digital wallet that the application offers, allowing inter-currency exchange and instant payment, will revolutionize the way each person, experienced investor or at the beginning of the road, will own and deposit money.

We are at the beginning of a new financial era and Welthee is the train to this future. The platform was enthusiastically received in Europe, but also in the rest of the world, and we are delighted with the enthusiasm with which we were greeted in Dubai. We aim to offer financial freedom and full control over the finances of all those who understand and want to enjoy the benefits of decentralized infrastructure, said Cristian Voaide, founder of Welthee.

Welthee presented WEEINVEST in Dubai

At the end of September, between 20-23 of the month, Cristian Voaide announced the launch on the Dubai market of WEENVEST, a Real Estate Investment Fund based on the investment technology Welthee> The Future of Financial Freedom

The two revolutionary projects have attracted the attention of investors from Dubai, Saudi Arabia, India, Africa and the USA, so Cristian Voaide and Andrei Ureche are confident that they can conquer the business market, through the innovative ideas on which the applications are based. If Welthee is a platform dedicated to investments using cryptocurrencies, TOKHIT covers the area of creative industries, being the first social network dedicated to artists and professionals in various fields, with the component of NFT and Blockchain.

Welthee is available for download: iOS and Android.

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The payment gateway is launched in WELTHEE, the innovative investment platform on volatile markets - Business Review - Business Review

Ever since she stepped down as a senior royal in 2020 with Prince Harry, Meghan Markle has been trying to establish a brand in the United States. However, according to a royal expert, Meghan could soon face an unexpected problem that might cost her some PR points.

Meghans popularity has been declining this past year. According to research firm YouGov, she has been receiving less favorability in both the United Kingdom and the United States. In the U.K., Meghan is the second-least popular royal, just ahead of Prince Andrew.

Its possible this dip in popularity is due to Sussexit and the events after that. After stepping down as senior royals, Meghan and Harry moved to California to establish financial independence. However, in early 2020, the couple also started speaking to news outlets to criticize the royal family. Additionally, they have ran into criticism for their extravagant lifestyle and using their titles to support political agendas.

RELATED: Meghan Markle Claims She Grew Up Poor, But 1 Resurfaced Instagram Post Says Otherwise

According to royal commentator Neil Sean, Meghans reputation could be affected by another problem in the future. Sean pointed out that, in the near future, there are books coming out about Meghan. The authors of these books might talk to people who have secrets about the duchess.

These particular books are really interesting, I find, Sean said in a YouTube video, because when you get an unauthorized biography, what you normally findand Ive written quite a few myselfis that people come out of the woodwork wanting to reveal all.

Sean went on to note that, while its possible these people are discarded friends, others could be people that one would overlook, such as waiters and cab drivers.

These are the people thatand I dont mean this rudelytend to blend in, Sean said. When you get in a cab and you think the cab driver is not listening. Theyre always listening. And thats going to be the biggest problem for Meghan going forward.

RELATED: Meghan Markles Hugely Expensive Outfits Have Most People Laughing at Her, Research Shows

One author Sean mentioned is Tom Bower, who is writing a biography about Meghan. In an interview with Closer, Bower also advised Meghan to make amends with some people in her life, such as her estranged father, Thomas Markle.

She and her father had a very different relationship growing up, they were really very close, Bower said. She was really family-orientated when she was younger, but she seems to have completely erasedmemories of that and disowned him. Similarly, she cut off her ex-husband when her career started taking off. She seems to me to be a very ambitious, unforgiving person.

Bower added, But I think, much to her dismay, more will come out. I think Thomas is keeping some things back and that he has a lot of embarrassing stuff on her. There are skeletons in the closet and, when provoked, I think the secrets could all come out.

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Royal Expert Warns Meghan Markle of the 'Biggest Problem' She Could Face in the Near Future - Showbiz Cheat Sheet

Do you want to learn more about Financial Independence and Retire Early (FIRE)? This guide will teach you EVERYTHING you need to know to dive deep into the topic and retire whenever YOU want.

Today, making sufficient money to live a life you love is easier than ever before.

Imagine 50 years ago, the opportunities and the world looked entirely different.

Nowadays you can work in country A and live in country B, you can fly around the world for cheap, and you can design the life you love.

There is an increasing amount of people that are living life on their terms, forming a community. Were the FIRE movement.

The FIRE movement changed my life when I first encountered it in 2018.

It really triggered me to learn more, so I dove into the subject radically.

Ive read dozens of books, including:

In the beginning, it sounded extremely unrealistic to be financially independent by 35 (my current goal, Im now 25).

However, when I started to educate myself, I realized that I can accomplish it!

As they say, knowledge is power!

FIRE is an acronym that stands for Financial Independence Retire Early. There is a growing movement of people who are choosing to live the life they want to live by applying the FIRE principles, so they can retire decades earlier than their peers.

The majority of the FIRE movement is applying these basic principles:

There are two parts of this acronym, FI and RE.

FI stands for Financial Independence. You are financially independent when your income is greater than your expenses. This can be passive income like rent, but also dividend income from your investments.

RE stands for Retire Early. Retiring Early indicates that you never have to work again if you choose to!

Many people who reach FIRE, start doing something they really love. They start monetizing their hobby, helping others, travel full-time, etc.

So the stereotype of sitting at home doing nothing for retirement is completely thrown out of the window!

Retirement is awesome and gives you all the freedom you want! Think about what you want to do when you retire (early) and create your ideal life!

When you put FI and RE together, you get FIRE.

FIRE is about more than just making as much money as you can and retire as young as you can. It is thinking about what makes you happy, mindful spending, and living a life aligned with your values. FIRE is actually a great way to develop as a person!

There are many different ways to FIRE:

Take from the FIRE movement what fits you and your personal goals & desires!

The FIRE movement was started in 1992 when Vicki Robin and Joe Dominguez wrote the book Your Money or Your Life. It popularized the idea of financial independence and not spending your prime years behind a desk.

In the book, there is one thing that really stuck with me. When youre working, you are trading your life energy for money.

When youre working, you are trading your life energy for money.

That means that when you buy something, you are exchanging your time for it.

How many hours have you worked for your jeans? For your car?

This way of thinking completely changed the game for me.

If youre still reading, that means that youre really interested in the FIRE movement. You still want to reach financial independence and retire early.

To make the path to FIRE as straightforward as possible, Ive summed it up in 6 steps.

Im referring to a bunch of articles as well, that could provide you with further reading and a deeper understanding of how you can make your path to FIRE a smooth ride.

I mean, if I would have put allll the info in here, we would be soon over 10,000 words. Thats more of a thesis than an article.

Anyways, enjoy!

Finding your why in the journey to FIRE is super important!

If youre setting a goal and you have clear why you want to reach the goal and what will be waiting for you on the other side, you will be much more motivated.

I want you so seriously think about the next few questions:

With finding out WHY I wanted to pursue financial independence, I noticed that I want to have options. I want to be able to travel when I want, I want to be able to go run on a Wednesday afternoon, and I want to spend time on my passion projects.

When you think about what matters in your life, you quickly find out what things dont matter.

Thats great, because thats where we are going to save the money.

I want you to spend on whatever is important to you and I want you to cut back on the things that are not important to you.

Doing this will speed up your path to financial independence and retire early, enabling you to live your dream life!

Now were start to go into some simple math, in order to calculate your big number.

Exciting!

How much do you need to live your dream life?

Thats the big question.

In calculating your financial independence number, we are going to dive into the safe withdrawal rate (SWR). There is a 4% rule in retirement, meaning that you can withdraw 4% of your portfolio annually to live off.

To transform this to easier math, the rule of thumb is that you need 25 times your annual expenses to retire early. That means when youre spending $12,000 annually, you need $12,000 * 25 which is $300,000.

These returns and this withdrawal of money also includes inflation.

Youve calculated your FIRE number, yess great!

Now, how do we get there?

You FIRE number is based on your net worth.

Your net worth is basically all your assets and liabilities combined. To calculate your net worth, you add up all the assets and you subtract all the liabilities.

Assets are typically things like cash, investment accounts, peer-to-peer loans, and more. Liabilities are typically things like a student loan, car loan, and the like.

If you want to know how much of your net worth is currently available to you if you need it, calculate your liquid net worth.

Compare your net worth to people in the Netherlands and see where you are compared to others!

Make sure that your net worth is going up over time!

Want to have an easy way to calculate your net worth? Without the math? Start Today Tracking Your Net Worth For FREE and see where youre at!

Track Your Net Worth For FREE

Now you know where youre at in terms of net worth, its important to start saving money.

Personally I LOVE saving.

Do you know why?

Because saving money enables me to spend on what I find valuable when I dont spend on the things I dont find valuable.

Its all about your spending being aligned with your values.

I can save over 50% of my income, while I still lead the life I love. For example, in 2019, I traveled around the world for 4 months and still saved 65% of my income.

Yup, you read that correctly.

The best way to see how much money youre currently saving is by tracking your savings rate.

Your savings rate is your savings as a percentage of your income, so simply divide your savings by your income.

If you make $50,000 per year and are saving $20,000, that means youre saving 40% of your income.

How much money are you currently saving?

What is your current savings rate?

There are many different approaches to budgeting and it may not work for anyone.

The problem with the budget is that people often feel limited in the amount that they can spend. The thing is, your budget should enable you to spend where you most want it.

The easiest way to do this is to cut back on the Big Three:

When you can cut back on these three expenses, youre golden.

On average, Americans spend 70% of their income on the Big Three. Meaning that if you can lower that, you can bank the difference.

How can you do that?

A couple of suggestions:

By keeping my rent low, only eating out occasionally, and not having a car, I managed to save 65% of my income in 2019. My goal for 2020 is to save 75% of my income and Im on track to reaching that this year.

This is really speeding up my way to financial independence, a lot!

So where do you start saving? I would say check where youre spending the most each month and see how you can save on that.

Make the big and hard decisions so that you can make a quantum leap and speed up your way to financial independence.

Think about what we discussed before, your money is actually made from your time. So if Im trading my future freedom for this product, would I still want to spend my money on it?

Its up to you to make the decision on about where would you want to spend your money on.

These decisions are very personal.

I was happy to cut back my eating out, to live with roommates until 25, to bike to work, and to spend aligned with what I value. I banked the difference, which leads me to save over $17,000 in 2019.

This $17,000 will be worth double, or $34,000, in 10 years when I want to be financially independent.

Dont you want that for yourself?

It was totally worth it cutting on these things and getting back this amount of savings and investments for it.

Try it for yourself and see how far you can come!

Since Ive started working, Ive been reminded time and time again that your career is your most valuable asset.

Why is that?

Your career is probably the place where you will make the most money. That means that its very important to get paid as much salary as possible.

If youre getting a 4% raise every year instead of a 3% raise, after 45 years of career you reach the traditional retirement age, and you will earn $850,000 extra. Just from that 1% extra salary increase.

I hope this illustrates why maximizing your salary is so important.

I am big on asking for things.

Thats how I got promoted. That is how I got my raise.

Keep learning new things, be good at what you do, and never be afraid to ask!

Related reads:

Starting a side hustle to make some money outside of your day job.

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The Ultimate Guide To Financial Independence And Retire ...

Survey Explores How Ethnicity and Gender Influence Young Adults' Access to Financial Resources and Guidance, Further Underscoring the Need to Address Financial Education Gaps

CHARLOTTE, N.C., Oct. 27, 2021 /PRNewswire/ -- Gen Z is emerging from the pandemic with a greater focus on saving, financial independence, gathering life experiences, and seeking financial education many were without access to in their schools and communities growing up. This is according to new research published today by Bank of America's Better Money Habits exploring what this generation (ages 18 to 24) view as their greatest financial barriers, and how they are taking charge of their financial lives.

(PRNewsfoto/Bank of America Corporation)

"As Gen Z gets started financially and professionally, we see a great deal of motivation and positive steps toward building a solid financial foundation," said Christine Channels, Head of Community Banking and Client Protection at Bank of America. "At the same time, an unmistakable need for more financial education persists among this generation. Through our Better Money Habits platform, we're committed to connecting these young adults to a wide range of resources and guidance to help them develop financial know-how, and navigate barriers to achieving their goals."

Key findings from the research include:

Over the past year, 80% of Gen Zers have taken one or more positive financial actions. Among which, 70% added to savings, 29% mapped out financial goals, 26% contributed to a retirement account, and 26% invested in the market.

Despite financial and other pandemic-related challenges, 68% remain optimistic about their financial future. Nearly 70% also say the pandemic influenced their financial priorities, including a greater focus on saving for future goals (33%) and living a more frugal lifestyle (19%).

Half (49%) describe themselves as fully or mostly financially independent. Among the half still fully (14%) or mostly (36%) dependent on their parents financially, 24% are prioritizing becoming financially independent.

Today, Gen Z views their greatest barriers to financial success as insufficient income to achieve financial goals (46%), lack of job stability (23%) and being unable to save (21%). When asked about the most stressful financial aspects of their lives, Gen Z cites not being able to afford the life they want (37%), lack of emergency savings (33%), student loan debt (22%), health care costs (17%) and simply making it to their next paycheck (11%).

One-third (34%) of Gen Z rate their financial knowledge as low, among whom 40% say they don't even know where to start learning about finances. A significant portion of Gen Z (40%) also say they were never offered a financial education course in school.

Much of Gen Z feels knowledgeable about basic financial concepts including saving (85%), managing money (82%) and budgeting (77%). However, their knowledge levels decrease significantly when it comes to topics that can be critical to a more secure financial future, including saving for retirement (38%), investing (30%) and buying a home (26%).

When asked where they learned about finances, only 33% said in school (K-12 and/or college). Most learned at home or from their family (75%), while 39% were self-taught, 20% learned from friends and peers and 13% from a financial professional.

The research also explored the role of race, ethnicity and gender in access to financial education and opportunities, uncovering:

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Black/African American Gen Z more likely to be financially independent, cite starting a business in their definition of success

59% of Gen Z in this community identify as mostly or fully financially independent compared to 47% of non-Black/African American Gen Z. They also cited greater knowledge of several financial topics, including filing taxes (59% vs. 39%), saving for retirement (44% vs. 37%) and purchasing a home (41% vs. 24%).

66% carry debt, and of those that use credit cards, 44% have accrued credit card debt more than non-Black/African American Gen Z (51% and 21%, respectively) and are nearly twice as likely to cite debt as a barrier to financial success (30% vs. 17%).

Black/African American Gen Z are nearly 6x more likely to include starting a business in their definition of success (17% vs. 3%), and 2x as likely to cite starting or growing a business as top priority for the year ahead (16% vs. 8%).

Hispanic Gen Z highlight greater gaps in financial education, see homeownership as success

Nearly half (48%) of Hispanic Gen Z say they were never offered a financial education class in school more so than non-Hispanic Gen Z (37%). This community is less likely to feel knowledgeable about building credit (56% vs. 63%), saving for retirement (34% vs. 40%) and filing taxes (28% vs. 45%).

They are more likely to cite lower income (52% vs. 44%) and job stability (31% vs. 20%) among their top barriers to financial success.

Homeownership is especially important to this community: 39% define financial success as owning a home, compared to 26% of non-Hispanic Gen Z.

Gen Z women face financial knowledge and investing gaps, but are more likely to be taking steps toward financial wellness

The gender investing gap persists in younger generations: Gen Z women are less likely to feel knowledgeable about investing (22% compared to 37% of men) and less likely to have invested in the market over the last year (17% vs. 25%). They also feel less knowledgeable about managing debt (56% vs. 66%) and saving for retirement (35% vs. 41%).

Gen Z women feel more knowledgeable about building credit (66% vs. 57%), however they are also more likely to cite debt as a barrier to financial success (23% vs. 14%). In fact, 36% have at least $5,000 of debt compared to 28% of men which may be contributing to the fact that more women are prioritizing paying down debt in the year ahead than men (23% vs. 18%).

Gen Z women were, however, more likely than men to have taken positive financial actions over the last year (82% vs. 78%). Positive actions among Gen Z women taking them include contributing to savings (76% vs. 63%), openly discussing money with family, friends or colleagues (63% vs. 48%), sticking to a budget (27% vs. 21%) and seeking guidance on managing finances (25% vs. 16%).

"As a company and as a society, it is critical that we address the financial education and opportunity gaps that persist across the communities of young adults we serve," said Alberto Garofalo, Community Banking & Development executive at Bank of America. "This research is another step in our commitment to fully understanding the unique needs and priorities of diverse communities, so we can provide the resources and guidance to empower everyone on their journey to financial wellness."

Better Money Habits

As Gen Z prioritizes better money habits, they continue to seek advice and guidance as they look to take control of their finances and plan the future. Bank of America's Better Money Habits platform offers free financial education content and tools that break down financial topics in ways that are approachable and easy to understand. The platform connects people at all life stages to relevant tools that help build know-how to help them take action toward their financial goals. It also includes specific resources catered to Gen Z and young adults, covering topics including budgeting, building credit, borrowing, investing and more. We continually look for ways to expand the reach of Better Money Habits and also offer Spanish language resources on the site.

Methodology

The study was conducted August 12 September 7, 2021, by Ipsos in English and is based on nationally representative probability samples of 1,024 general population adults (age 18 or older), and a partially overlapping sample of 635 Gen Z adults (age 18-24), including 28 Gen Z adults from a non-probability sample. This survey was conducted primarily using the Ipsos KnowledgePanel, the largest and most well-established online probability-based panel that is representative of the adult US population. Panelists are scientifically recruited into this invitation-only panel via postal mailings to a random selection of residential addresses. To ensure that non-internet households are included, Ipsos provides access to a tablet and internet connection to those who need them. Because of this probability-based sampling approach, KnowledgePanel findings can be reported with a margin of sampling error and projected to the general population. The margin of sampling error for the general population sample is +/- 3.3 percentage points at the 95 percent confidence level.

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,200 retail financial centers, approximately 17,000 ATMs, and award-winning digital banking with approximately 41 million active users, including approximately 32 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters May Contact:Betty Riess, Bank of America betty.riess@bofa.com

Cision

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SOURCE Bank of America Corporation

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Bank of America Better Money Habits Research Finds That, Despite Barriers, 80% of Gen Z Are Taking Positive Steps Toward Achieving their Financial...

PHILADELPHIA, October 27, 2021--(BUSINESS WIRE)--Independence Realty Trust, Inc. ("IRT") (NYSE: IRT), a multifamily apartment REIT, today announced its third quarter 2021 financial results.

Third Quarter Highlights

On July 26, 2021, IRT announced that it reached a definitive agreement to merge with Steadfast Apartment REIT, Inc. ("STAR"), creating a leading multifamily REIT focused on the high-growth U.S. Sunbelt region. The transaction is expected to close in mid-December 2021, following a stockholder vote scheduled for December 13, 2021, and we are on track to deliver the $28 million in annual synergies and immediate 11% accretion to Core Funds from Operations.

Net income available to common shares of $11.5 million for the quarter ended September 30, 2021 compared to $1.1 million for the quarter ended September 30, 2020. Earnings per diluted share of $0.11 for the quarter ended September 30, 2021 compared to $0.01 for the quarter ended September 30, 2020.

Same store net operating income ("NOI") growth of 14.7% for the quarter ended September 30, 2021 compared to the quarter ended September 30, 2020.

Core Funds from Operations ("CFFO") of $22.7 million for the quarter ended September 30, 2021 compared to $18.2 million for the quarter ended September 30, 2020. CFFO per share was $0.21 for the third quarter of 2021, as compared to $0.19 for the third quarter of 2020.

Adjusted EBITDA of $31.4 million for the quarter ended September 30, 2021 compared to $27.1 million for the quarter ended September 30, 2020.

Included later in this press release are definitions of NOI, CFFO, Adjusted EBITDA and other Non-GAAP financial measures and reconciliations of such measures to their most comparable financial measures as calculated and presented in accordance with GAAP.

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Management Commentary

"The combination of favorable macro trends across our core markets and the execution of our growth initiatives continues to yield impressive returns," said Scott Schaeffer, Chairman and CEO of IRT. "We delivered a 14.7% year-over-year increase in third quarter same store NOI, with our occupancy rate up 220 basis points to 96% and our average rental rate increasing 7.3% on a year-over-year basis. As we look forward, our ability to maintain occupancy, drive rental rates, and advance our value add program gives us confidence that we can continue to unlock value within our portfolio. We are also focused on the integration of the planned merger with STAR and are excited about the growth potential of our combined business."

Same Store Property Operating Results

Third Quarter 2021 Compared toThird Quarter 2020(1)

Nine Months Ended 9/30/21Compared to Nine MonthsEnded 9/30/20

Rental and other property revenue

9.4% increase

7.8% increase

Property operating expenses

1.7% increase

4.4% increase

Net operating income ("NOI")

14.7% increase

10.1% increase

Portfolio average occupancy

220 bps increase to 96.0%

270 bps increase to 95.6%

Portfolio average rental rate

7.3% increase to $1,227

4.6% increase to $1,190

NOI Margin

290 bps increase to 62.2%

130 bps increase to 61.7%

(1)

Same store portfolio for the three months ended September 30, 2021 includes 47properties, which represent 12,838 units.

Same Store Property Operating Results, Excluding Value Add

The same store portfolio results below exclude 13 communities that are both part of the same store portfolio and were actively undergoing Value Add renovations during the three months ended September 30, 2021.

Third Quarter 2021 Compared toThird Quarter 2020(1)

Nine Months Ended 9/30/21Compared to Nine MonthsEnded 9/30/20(1)

Rental and other property revenue

8.3% increase

6.1% increase

Property operating expenses

1.6% increase

4.5% increase

Net operating income ("NOI")

12.8% increase

7.1% increase

Portfolio average occupancy

230 bps increase to 96.4%

250 bps increase to 96.1%

Portfolio average rental rate

6.3% increase to $1,219

3.3% increase to $1,186

NOI Margin

250 bps increase to 61.6%

60 bps increase to 61.5%

(1)

Same store portfolio, excluding value add, for the three months ended September 30, 2021 includes 34 properties, which represent 8,908 units.

COVID-19 Metrics (1)(2)

Rent collections

3Q 2021

3Q 2020

2Q 2021

Rent collected for the period presented, as a percentage of rent billed (3)

98.4%

99.7%

99.4%

(1)

Dollar amounts in thousands. All metrics presented are for our total portfolio in the period presented.

(2)

All metrics are based on our internal data, which management uses to monitor property performance on a daily or weekly basis.

(3)

Rent collected as a percentage of rent billed includes rent deferred under any deferred payment plans that may have been offered in the period presented. Deferred payment plans were offered to residents in 2020 and early 2021 to allow residents to defer a portion of their monthly rent for one or more months or to repay over time past-due rent which was unpaid due to a COVID-related financial hardship. As of September 30, 2021, there were no active deferred payment plans outstanding.

As a result of the COVID-19 pandemic, we recorded a provision for bad debts of $122,000 in the third quarter of 2021. The table below presents additional details on the components of bad debt:

Components of Bad Debt (1)

3Q 2021

3Q 2020

2Q 2021

Amount

Percentage

Amount

Percentage

Amount

Percentage

Charge-offs, net

$534

0.9%

$260

0.5%

$512

0.9%

Provision for bad debt

$122

0.2%

$80

0.1%

$78

0.1%

Net bad debt

$656

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Independence Realty Trust Announces Third Quarter 2021 Financial Results & Updates Full Year 2021 Guidance - Yahoo Finance

BOSTON, Oct. 25, 2021 /PRNewswire/ -- Carefull, the first service built to organize and protect older adults' daily finances, today announced a partnership with Boston-based, The Cooperative Bank (TCB) to provide its customers with safe money monitoring technology.

Carefull is thrilled to become a Financial Caregiving partner to TCB, on this cutting-edge service for seniors. The partnership is purpose-built for aging adults and the families who support them.

Carefull's artificial intelligence platform will help TCB's senior customers by analyzing checking, savings and credit card accounts for late or missed payments, behavior change and mistakes, unusual banking activity, plus more than 30 other issues that can impact older adults' finances, from cash transfers to charitable contributions that unknowingly recur. Users of the technology - including the seniors themselves, select family members and caregivers can receive notifications if any fraud or issues are detected.

Through the partnership, TCB will strive to support its senior customers to maintain their financial independence while also giving their "financial caregiver" family members peace of mind. Going beyond typical banking, TCB's Carefull service will also enable robust communication among family members who are involved in the financial safeguarding process.

Additionally, other trusted family members and financial professionals can be added to their "Circle" of support to collaborate within the Carefull service and resolve money issues together.

"With $24 trillion of generational wealth transfer now in motion, the financial services industry is now awake to the 45 million Americans who are financial caregivers for aging adults," said Todd Rovak, a Carefull co-founder, "The TCB team has moved quickly and with intention to impact its customer base, not only to serve it well but to grow it by serving entire families."

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"This issue really resonated with me," said John Battaglia, President and CEO of TCB. "Many of us have had personal experiences with our parents or in-laws, where we took over the household account after finding that bills were not being paid, or they were double paying due to some memory issues. When I heard about this product, I could relate to it very well and I know exactly what people are going through," continued Battaglia.

"Senior financial fraud is a serious issue for us all," said Pete Lee, SVP and CIO of TCB. There's a whole life cycle in terms of financial caregiving, and that's what we appreciate about this service and that it targets so many stages of that life cycle. We were shown a concept of the platform and were very impressed by how it could aid the underserved eldercare community and target the devastating effect of financial abuse. Vulnerable adults should be protected at all costs from this kind of exploitation. With this partnership, TCB will be the first bank to offer this service in the Nation," continued Lee.

TCB customers can use the Carefull app or desktop service for financial accounts, credit and identity monitoring at no additional charge as part of the products and services they receive from the bank. They will also have access to Carefull's financial caregiving tools, advice and content, including Carefull's community forum and Financial Caregiving Roadmap.

About CarefullCarefull is the first digital platform built to protect the daily finances of older adults, along with the 45 million U.S. adults managing the daily finances of an older loved one. Founded in 2019, Carefull's technology integrates senior-specific financial monitoring, identity theft protection, communication, and how-to content, replacing the ad hoc paper pile, spreadsheets, and bill stack that today defines the experience of adults caring for someone else's money. Carefull believes that creating safer, smarter tools for financial caregiving isn't only about money - it's about relentlessly simplifying the awkward tangle that happens when money and family come together. For more information visit http://www.GetCarefull.com.

About The Cooperative BankFounded in 1898, The Cooperative Bank (TCB) is a full-service community bank committed to meeting the financial needs of individuals, families, and small businesses. Offering up-to-date products, competitive interest rates and the highest quality personalized service. TCB has assets totaling $480 million and provides banking services to over 8,400 customers.

With cutting-edge personal and business banking services, TCB aims to serve and be Boston's Neighborhood Bank. Specializing in residential & commercial real estate and business lending throughout Massachusetts, TCB has branches in Roslindale, West Roxbury, Charlestown and Jamaica Plain. For more information, please visit http://www.thecooperativebank.com/carefull, or call 857-203-9598.

Media Contact: Stephen Marcinuk steve@intelligentrelations.com

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Carefull To Provide Safe Money Monitoring for The Cooperative Bank's Senior Customers - Yahoo Finance

"When can I retire?" and "How much do I need?" are two of the most common questions we hear as we meet with clients. The answer they get, but do not want to hear, is It depends.

"When can I retire?" and "How much do I need?" are two of the most common questions we hear as we meet with clients.

The answer they get, but do not want to hear, is It depends." The reality is everyone has different goals and vision of retirement.

We have found that some common questions can help as a guideline. This is by no means an exhaustive list, nor must all be answered positively, but hopefully this will help give you a sense of your retirement readiness:

You own your home: Carrying debts into retirement can be a crippler. Living on a reduced cash flow in retirement and having to spend most of it on debt servicing can impact your ability to enjoy things in retirement. Downsizing can be an option, but the reality is most people downsize into a small, yet nicer home of equivalent value.

Your children are financially independent: Hopefully, they are at a point where you no longer need not worry about them financially. If you are still helping fund schooling, housing or other expenses, you may not be ready for reduced income in retirement. There is a balance between helping out family and having adult children who have yet to achieve a level of self-sufficiency.

Your parents are financially independent: The baby boomer generation is also known as the sandwich generation as some are caring for aging parents, along with adult kids. Try to ensure that your parents are in a stable financial position, or have some plans around long-term care or living arrangements should they be found in a tough financial spot.

You qualify for CPP and OAS: Additional government pensions in the form of CPP and OAS will help supplement your retirement lifestyle and can reduce the need to draw from your investments.

You have a pension plan: Similar to above, the more sources of retirement income you have, the better prepared you can be. For those who do not have company pensions, all is not lost. You will need to be disciplined and ensure that you have saved more in retirement savings plans (RSPs) and tax-free savings accounts (TFSAs).

You have hobbies: If you work until 65, retire and just stop, odds are you will not be happy nor healthy in retirement. Humans need physical, mental and emotional activity to stay healthy and often work provides some social interaction.

Not everyone golfs and fewer people golf seven days a week. Hopefully, you will have multiple hobbies to fill your retirement cup. Ask yourself, if you retired last month, what would you do today?

Your friends are retired: Having friends who share common hobbies and interests can help provide you with things to keep you active in retirement.

You have tried the retirement lifestyle: Build a budget for retirement and take it for a test drive. According to a 2016 Sun Life Financial report, the average retiree spends $2,611 a month. Set your own amount for your desired lifestyle and try it for six months to see how you make out.

You have an up-to-date retirement plan: When have you last reviewed your retirement plan with your advisor? Is it up-to-date? Is he/she aware of your target retirement date? Life and financial goals evolve and change over the years. We recommend that you have your plan reviewed every three to five year or any time there is a major life event.

Your job is affecting your health: Health is number one. If you feel your job is impacting your health, talk to your doctor and see if you need to revise your retirement plans. We cannot think of one retired client who has said, "I wish I spent more time at the office."

A couple of cautionary factors are predicting future inheritances and real estate values. Admittedly, these can have a significant impact on one's retirement; however, if, when and how much can be a risky mindset when trying to establish your financial independence.

Until next time, Invest Well. Live Well.

Written by Keith Davis. This document was prepared by Eric Davis, vice-president, portfolio manager and investment advisor, and Keith Davis, investment advisor, for informational purposes only and is subject to change. The contents of this document are not endorsed by TD Wealth Private Investment Advice, a division of TD Waterhouse Canada Inc.-Member of the Canadian Investor Protection Fund. All insurance products and services are offered by life licensed advisors of TD Waterhouse Insurance Services Inc., a member of TD Bank Group. For more information, call 250-314-5124 or emailKeith.davis@td.com.

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Invest Well. Live Well: Ten signs you could be ready to retire - Kamloops This Week

SIFMA Foundation's annual event will take place on October 27th at Cipriani 25 Broadway in lower Manhattan

Published: Oct. 26, 2021 at 8:00 AM CDT

NEW YORK, Oct.26,2021 /PRNewswire/ --SIFMA and the SIFMA Foundationwill host their annual Tribute Dinner at Cipriani 25 Broadway in lower Manhattan on October 27 from 6 pm 9 pm. TheFoundation'sannualdinner isanevening to celebrate and raise awareness for theimportanceof youth financial education and literacy and the 20 million youth served to date by the SIFMA Foundation.

The dinner will also serve tohonor Kathleen Murphy, President, Personal Investing, Fidelity Investments, for her leadership and commitment to the financial industry and financial education, and James Reynolds Jr., Founder, Chairman, & CEO, Loop Capital, for his longstanding commitment and dedication to helping millions of young people become financially capable. The Foundation will also pay a posthumous tribute to Paul E. Purcell, Former Chairman, President & CEO, Baird, for his lifetime of leadership in the area of education and youth financial literacy.

"This is an excellent opportunity to honor three luminaries,"said Melanie Mortimer, President of the SIFMA Foundation. "Kathy, Jim and Paul havesupported the Foundation's mission in providing financial education for young people of all backgrounds through innovative programsthat promotefinancial independence and real-world learning. Moreover, they serve as role models and as sterling representatives for young people of all backgrounds aspiring to careers in the financial services industry."

Mortimer noted that now, more than ever, "it is critical to develop financial literacy for American youth," because only one-third of adult Americans can pass a simple financial literacy test and only 24% of millennials have basic financial knowledge, according to a study conducted by FINRA, the Financial Industry Regulatory Authority. Particularly alarming is that rate of financial literacy among Blacks and Hispanics falls below that number.

"That just doesn't add up if we are truly committed to economic mobility and a secure future, especially for individuals living in marginalized communities," Mortimer said. "One major purpose of the SIFMA Foundation is making sure youth of all backgrounds have access to effective ways to learn about how financial markets work."

Kathleen Murphy concurs about the essentiality of this purpose. She said, "I am exceptionally delightedto behonored at this year's SIFMA Foundation Tribute Dinner. The SIFMA Foundationhas always done an incredible job in providingfinancial education programs and tools that strengthen economic opportunity acrossallcommunities."

"As a Chair and Officer on the SIFMA Board, I know directly about the impact the Foundation continues to have infostering knowledge and understanding of the financial markets for individuals of all backgrounds, and especially Black and Brown youth,"saidReynolds.

Baird's former Chairman, President & CEO, Paul E. Purcell, was committed to advancing educational access.

"We'd like to thank the SIFMA Foundation for recognizing Paul's contribution to our industry and his overarching commitment to education," said Steve Booth, Baird Chairman, President & CEO. "Paul had a special calling - and that was helping under-served students. He firmly believed we have an obligation to ensure everyone regardless of where they live or their circumstances, has access to a quality education."

Murphy is a nationally recognized thought leader and speaker on such vital topics as women investing and empowerment, financial literacy, client experience, digital transformation, talent, and leadership.

Reynolds runs the largest minority-owned financial services firm and one of the largest privately-held investment banks in the United States. He has been a leader advocating for diversity, inclusion, equity and belonging in the workplace.

About the SIFMA Foundation for Investor Education

The SIFMA Foundation is dedicated to fostering knowledge and understanding of the financial markets for individuals of all backgrounds, with a focus on youth. Drawing on the involvement and expertise of educators and the financial industry, the SIFMA Foundation provides financial education programs and tools that strengthen economic opportunities across communities and increase individuals' access to the benefits of the global marketplace. Notable Foundation programs include The Stock Market Game, which has enabled more than 20 million students to become financially prepared for life, the InvestWrite national essay competition, the Capitol Hill Challenge, and Invest It Forward. For more information on the work of the SIFMA Foundation, visit Facebook,YouTube,@SIFMAFoundation,LinkedIn,Instagram.

About SIFMA

SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry's nearly 1 million employees, we advocate on legislation, regulation and business policy, affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.

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SOURCE Securities Industry and Financial Markets Association

The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc.

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SIFMA and the SIFMA Foundation to honor Kathleen Murphy, James Reynolds, Jr. and Paul E. Purcell at the 2021 SIFMA Foundation Tribute Dinner - WSAW

The whole secret of a successful life is to find out what is ones destiny to do, and then do it. - Henry Ford

You probably have seen successful people and wonder what are their secrets to success. These successful people seem to have done everything right and always made the right calls at the ideal times. Whats certain is they do not possess any extraordinary abilities or superpowers. Some of them say they took an ordinary path to success but had well-laid out plans that led them to their destiny.

Gal Yifrach, a high-stakes professional poker player and an entrepreneur is among the successful people that are mentors to many. He is a renowned player in the poker community with numerous accolades to his name, including the highly coveted, non-monetary award, World Series of Poker bracelet. Gal is also celebrated in high-stakes professional poker as one of the top talented players with vast experience in the game.

Prior to the success and fame, Gal shares one of the most inspiring stories: from being homeless to rubbing shoulders with some of the worlds most prominent personalities. He had moved to a different country without any money or family to turn to for help. Without a job, Gal found it hard to survive. At one time he was completely broke and was forced to spend nights in a car. Life was becoming hard to bear, and he knew he had to do something to change his situation.

With hard work, determination and resilience, Gal was able to keep his dreams alive. He knew his destiny was in the poker world, and thats where he invested most of his time and efforts. He had the belief that anything was possible and, true to his words, things started getting better for him. He is now a successful high-stakes professional poker player living his dream.

Gal also works hard to inspire other poker players to continue putting in the work striving for success. He does not believe in giving up but rather staying resilient no matter how tough the journey gets.

I believe that all is possible if you want it hard enough. Anything is possible if you want it, even if you cant see it now; there are difficult times in life for everyone, but never give up on your dreams, says Gal.

Gal now wants to expand his passive income streams and build on his financial independence. He wants to live his best life while inspiring others to be the best versions of themselves.

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Gal Yifrachs incredible journey to the top - The Jerusalem Post

HOUSTON, Oct. 22, 2021 /PRNewswire/ --Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its third quarter 2021 results before the New York Stock Exchange opens on Tuesday, November 2, 2021. This release will be followed by a conference call for investors at 11:00 a.m. Central Time (12:00 p.m. Eastern Time) to discuss the Company's third quarter 2021 results.

The call can be accessed live over the telephone by dialing (855) 239-3115 or for international callers, (412) 542-4125. A replay will be available shortly after the call and can be accessed by dialing (877) 344-7529 or for international callers, (412) 317-0088. The passcode for the replay is 10161416. The replay will be available until November 9, 2021.

Interested parties may also listen to a simultaneous webcast of the conference call by logging onto the Company's website at http://www.icdrilling.com in the Investor Relations section. A replay of the webcast will also be available for approximately 30 days following the call.

About Independence Contract Drilling, Inc.

Independence Contract Drilling provides land-based contract drilling services for oil and natural gas producers in the United States. The Company owns and operates a fleet of pad optimal rigs that are specifically engineered and designed to accelerate its clients' production profiles and cash flows from their most technically demanding and economically impactful oil and gas properties. For more information, visit http://www.icdrilling.com.

Investor Contacts:

Investor Relations:

Investor.relations@icdrilling.com

(281) 598-1211

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SOURCE Independence Contract Drilling, Inc.

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Independence Contract Drilling, Inc. Announces Timing of Third Quarter 2021 Financial Results and Conference Call - Tyler Morning Telegraph