Category Archives: Financial Independence

SAN FRANCISCO--(BUSINESS WIRE)--SoFi announced today that it will be offering its members the ability to invest in IPOs for companies going public, an investment opportunity that has traditionally been reserved for large institutional investors or ultra-high-net-worth individuals. In a continuing effort to break down barriers to investing, SoFi anticipates offering several initial public offering securities in the coming months available to SoFi Invest members through the SoFi app.

Our mission at SoFi is to help people achieve financial independence to realize their ambitions, said Anthony Noto, CEO of SoFi. If youre going to achieve your financial goals, having access to a broad range of diversified investment opportunities is imperative, and gaining access to primary offerings is another way to diversify your portfolio that has previously been restricted to a select few. IPO Investing reflects our continued effort to make investing more accessible, by pioneering fractional shares, offering commission-free trading, creating unique SoFi-branded ETFs, and now, IPO investing.

Our unique IPO product offering will be available to anyone who opens or has a SoFi Active Invest account and has at least $3,000 in total account value across all of SoFi Invest (inclusive of automated and active investing). SoFi recognizes that investing in IPOs is inherently risky and we are committed to clearly disclosing the risks and benefits associated with this type of investment opportunity. To find out more information, learn more about IPO investing at http://www.sofi.com/invest/ipo-investing.

SoFi Invest offers innovative investment tools to help members get their money right at every stage of their financial lives, from automated investing to commission-free active stock trading, fractional-share trading, cryptocurrency, and the industrys first zero-fee ETFs. With support for instant account funding, members need not delay taking the next steps in their investment journey. SoFi Invests product offerings are frequently recognized for their excellence in selection, speed, and convenience by numerous outlets ranging from BuzzFeed to Investopedia.

About SoFi

SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing and protecting give our over 1.8 million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. SoFi is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit SoFi.com or download our iOS and Android apps.

Exchange Traded Funds (ETFs): Investors should carefully consider the information contained in the prospectus, which contains the Funds investment objectives, risks, charges, expenses, and other relevant information. You may obtain a prospectus from the Fund companys website or by emailing customer service at investsupport@sofi.com. Please read the prospectus carefully prior to investing.

If you invest in Exchange Traded Funds (ETFs) through SoFi Invest (either by buying them yourself or via investing in SoFi Invests automated investments, formerly SoFi Wealth), these funds will have their own management fees. These fees are not paid directly by you, but rather by the fund itself, these fees do reduce the funds returns. Check out each funds prospectus for details. SoFi Invest does not receive sales commissions, 12b-1 fees, or other fees from ETFs for investing such funds on behalf of advisory clients, though if SoFi Invest creates its own funds, it could earn management fees there.

SoFi Invest may waive all, or part of any of these fees, permanently or for a period of time, at its sole discretion for any reason. Fees are subject to change at any time. The current fee schedule will always be available in your Account Documents section of SoFi Invest.

Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities IPO Risk Disclosure Statement (https://www.sofi.com/iporisk/). IPOs offered through SoFi Securities are not a recommendation and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation.

New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customers initial offer (Indication of Interest). For SoFis allocation procedures please refer to IPO Allocation Procedures.

SoFi Invest refers to the three investment and trading platforms operated by Social Finance, Inc. and its affiliates (described below). Individual customer accounts may be subject to the terms applicable to one or more of the platforms below.

1) Automated Investing and advisory services are provided by SoFi Wealth LLC, an SEC-Registered Investment Adviser (Sofi Wealth). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC.

2) Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA(www.finra.org)/SIPC(www.sipc.org), (Sofi Securities). Clearing and custody of all securities are provided by APEX Clearing Corporation.

3) Cryptocurrency is offered by SoFi Digital Assets, LLC, a FinCEN registered Money Service Business.

For additional disclosures related to the SoFi Invest platforms described above, including state licensure of Sofi Digital Assets, LLC, please visit http://www.sofi.com/legal.

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SoFi to Break Down the Barriers and Offer Members Early Access to IPOs - Business Wire

SoFi on-jersey logo on Misfits Call of Duty player

SoFi scored what appears to be a first in esports in a recent deal with Misfits Gaming that puts the fintech companys logo on in-game jerseys of the esports organizations Call of Duty and Overwatch teams, among other provisions.

On-jersey brand patches are well-established marketing tools in more traditional sports. English Premier League PINC soccer has blazoned huge corporate sponsor names across its teams jerseys for years. More recently, the NBA started allowing small brand patches on the upper left front of each of team jerseys, though other major US sports still havent signed off.

The Misfits SoFi virtual patches on the back of players in-game avatars are large enough to be easily visible for anyone watching a match on their computer or a connected TV, but still relatively modest in size.

The deal has three macro buckets or pillars, said SoFi CMO Lauren Stafford Webb:

SoFi is also doing a financial education program for Misfits team members, in line with the companys pitch about improving lives both in gaming and in finances.

We're also offering sessions to the players that teach them how to invest and how to think about getting their moneyright, so that they can achieve financial independence, Stafford Webb said. So it's really a mix of content, in-game integration, and really focused on how we can not just build awareness, but build authentic relationships with gamers and their viewers.

The Misfits organization, which is based in Boca Raton, Fla., has two teams, the Florida Mutineers in Call of Duty and the Florida Mayhem of Overwatch. Both games are published, and tightly controlled, by Activision ATVI . Misfits also has a third team, Misfits Gaming, in the League of Legends European Championship circuit, that is not covered in the deal.

SoFi initially began working with Misfits last year, and the new deal expands that relationship considerably.

The company said its initial forays with Misfits helped improve brand trust among Misfits followers by 56 percent, and brand consideration by 258 percent, notable in a crowded market of next-gen finance apps trying to connect with mobile-savvy younger potential customers.

SoFi has plenty of other marketing investments, most notably as the naming sponsor on the $6 billion Inglewood, Calif., stadium where the NFLs Los Angeles Rams and Chargers play. That 20-year deal was signed in 2019, and shepherded by SoFi CEO Anthony Noto, a former CFO for the NFL.

And though the pandemics initial months bruised the esports business model by forcing the cancellation of many live events and tournaments, it hasnt kept other brands from getting into the sector.

Two alcoholic beverage lines, Twisted Tea Iced Tea and Truly Hard Seltzer, signed a multi-year deal with 100 Thieves, the big Los Angeles esports, apparel and social-media collective. Under the deal announced Friday, the brands will become the teams official hard seltzer and hard iced tea. The Boston Beer Company SAM owns the two drink lines.

The new deal came out of an activation last year with one of 100 Thieves best-known personalities, CouRage, who now is a brand ambassador for Twisted and Truly. He will host happy hour co-streams with other 100 Thieves talent. Owners of 100 Thieves include singer Drake, music mogul Scooter Braun, and Rocket Mortgage/Quicken founder Dan Gilbert. Twitter and Square SQ CEO Jack Dorsey has also been an investor.

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SoFi Gets First On-Jersey Patch In Esports With Misfits Gaming Deal - Forbes

By Wendy Stewart, Atlanta Market President for Bank of America

Womens History Month is a celebration of the contributions and progress being made by women across the globe, and this is especially true given the past year with coronavirus-related disruptions.

Balancing work and life can be challenging for mothers even in the best of times, but it became even more so in the past year. Women experienced higher coronavirus-related job losses in 2020, while also bearing more childcare and home management responsibilities than men. According tothe U.S. Bureau of Labor Statistics, nearly 2.4 million women exited the workforce during the past year, compared to less than 1.8 million men.

In Atlanta, women make up 51.5% of the population, yet they earn nearly 20% less than their male counterparts. It is crucial that women are not forced to choose between their financial wellbeing and caring for the ones they love in an uncertain economy. That difficult choice can be addressed with progressive workplace policies, such as the childcare reimbursements or adult care services programs for aging parents that Bank of America provides its employees.

Investing in women is not just the right thing to do; it also makes for good business because diverse and inclusive workplaces are essential in meeting the needs of todays clients, communities and key stakeholders. Bank of America recognizes the significant role women play in advancing thriving economies. Its why we continue to invest every day in helping them make meaningful contributions within our company and in their communities at large.

For example, the bank partners with more than 350 colleges and universities around the world to recruit diverse talent, and our most recent summer intern class was 47% female. Locally, we partner with Georgia State University, Georgia Tech and Spelman College to attract the best female talent, which is critical to sustaining our company, making Bank of America a great place to work and driving responsible growth. We have programs designed specifically to support the retention and career development of female employees, such as our womens employee network, which is more than 36,000 members strong, as well as other professional development opportunities to help engage, develop, retain and support our female talent across the company.

Outside of the workplace, we must give women the tools they need to achieve their own economic success as well. Financial security means more than money for women; It represents financial independence, freedom and empowerment in a world that often does not prioritize their prosperity. Financial institutions can be a major catalyst on this front, such as Bank of Americas initiatives focused on gender lens investing strategies or the Tory Burch Foundation Capital Program, which pledged $100 million in affordable loans to female entrepreneurs.

In Atlanta, we are continuing to invest and partner with Access to Capital for Entrepreneurs, the Atlanta Womens Foundation, YWCA of Atlanta, as well as women-led organizations like Atlanta Technical College, Atlanta Habitat for Humanity, Atlanta Land Trust and Grove Park Foundation. By supporting these organizations and the women they support, we all achieve our collective goal to advance womens roles in business and in the community.

In addition to supporting these groups, we can personally advance this cause by engaging women in important financial discussions, promoting strong financial habits and encouraging women leaders to become mentors for others down the line. It is also crucial that we urge women to begin planning early for unexpected future challenges, such as career interruptions and higher healthcare costs.

As we celebrate Womens History Month, let us make a difference in Atlanta by putting womens lifelong financial wellness front and center. Financial health will not only be vital to achieving equality; it will prove essential to preserving balance and advancing economic opportunity for generations to come.

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Investing in Women is Good Business - SaportaReport

Kelly Springer is CEO of Metal Flow Corp. courtesy

Springer, who has been part of the leadership team for the Holland-based auto parts manufacturer since 2013, says shes committed to the organizations mission to champion social and economic equality for women.

As I look at the important work Michigan Women Forward does across the state to empower women and girls, I am honored to be recognized with the other honorees this year. I look forward to continuing my support of the MWF mission, Springer says.

WomanUp & Celebrate

MWF, a statewide organization focused on creating an inclusive economy for the state of Michigan so that all women and girls can reach their full potential, will host the 29th annual WomanUp & Celebrate events on April 21 and 28.

The online awards ceremony and networking events will honor this years Woman of Achievement and Courage awardees. Funds raised from the event support MWFs mission to promote financial independence, economic justice, and gender equity for Michigan women and girls. Viewers will have an opportunity to hear from some remarkable women entrepreneurs and young women supported by MWF. The virtual event will be broadcast live on two dates: in West Michigan on April 21 at 12:30 p.m., and in Southeast Michigan on April 28 at 12:30 p.m.

Honorees, events

The West Michigan honorees for the 2021 WomanUp & Celebrate events are:

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Metal Flow CEO honored as Woman of Achievement and Courage - Concentrate

IT sounded like the classic fairytale ending - the stunning Hollywood actress who married a prince and lived a life of luxury in Monaco.

But Grace Kelly was forced to PAY 1.5m to Prince Rainier's family - around 15million in todays money - before walking down the aisle.

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The dowry - a tradition in royal circles - boosted the coffers of the cash-strapped principality and wiped out her personal savings as well as a future inheritance.

Her marriage to Prince Rainier was the gateway to an enviable lifestyle but it also put an end to her stellar screen career, just as her box office draw reached its peak.

When she died in a car crash, at the tragically young age of 52, Graces will left just 7,400 and a derelict cottage in Ireland which once belonged to her grandparents.

In a new Channel 5 documentary, Grace Kelly: The Missing Millions, forensic accountant Gemma Godfrey delves into the iconic stars finances, before and after marriage, and tots up the wealth she missed out on.

Shockingly, she concludes the stars net worth should have been around 40million, regardless of any royal assets.

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Grace transitioned from a Hollywood star to a fashion icon and then a princess, Gemma tells the Sun.

She captured people's imaginations and it looks like it's a fairytale. But she faced sexual discrimination in Hollywood, then lost her financial independence as a result of her marriage.

Six decades on, Meghan Markles marriage to Prince Harry echoes Graces story, says Gemma.

Like Grace, Meghan is an American actress marrying into a European royal family, and struggling with the huge adjustment that brings, she says.

Both women were fiercely independent with successful careers before their marriages.

Its a huge transition to become part of an institution where it's no longer about your own desires, it's about serving the royal family, and your wishes are secondary."

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Far from a rags to riches story, Grace was the daughter of a wealthy businessman and grew up in a Philadelphia mansion, waited on by servants.

But father Jack disapproved of her desire to become an actress and, at 18, she turned and moved to New York, paying her way through drama school by becoming a model.

Her successful career, in toothpaste and clothing ads, would have earned her the equivalent of 220,000 in todays market.

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Grace's big Hollywood break came at 23, when she was cast opposite Gary Cooper in High Noon.

Snapped up by movie giants MGM, Grace signed a seven year contract which gave the studio the right to three films a year, over seven years with a 15,000 bonus if she completed all three.

Her wages were 550 a week - netting her a total of over 200,000, or 2million in todays money.

Grace was savvy and driven, says Gemma.

She negotiated her own deal with MGM, and got them to agree that she could still live in New York and do theatre work, which was unusual.

But under the studio system in the 1950s, MGM had a huge amount of control, choosing her films, loaning her out to other studios at a 400 percent mark up and even setting her up with dates for publicity.

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Grace starred in a string of hit movies, including the Hitchcock classics Rear Window, Dial M for Murder and To Catch a Thief.

But the huge gender pay gap meant her leading men were often earning six times her wages - with Clark Gable earning 3,700 a week for his role in Mogumbo, to Graces 550.

A best actress Oscar win, for her role as the wife of an alcoholic played by Bing Crosby in the Country Wife, elevated her Hollywood worth even further in 1954.

Her appearance at the awards in a 3,000 Edith Head dress - worth 37,000 today - cemented her status as a fashion icon.

But even as an Oscar winner she was paid 3,600 a week on To Catch a Thief, while Cary Grant earned 10,000 more.

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Behind the scenes, Graces affairs with her older co-stars were becoming legendary.

She had flings with William Holden, Bing Crosby and Marlon Brando as well as High Noon co-star Gary Cooper, a married man 28 years her senior, and Ray Milland, who had been married 20 years.

She also admitted sleeping with her Magumbo co-star, commenting: What else is there to do if you're alone in a tent in Africa with Clark Gable?

But after meeting Prince Rainier during a trip to the Cannes film festival, in 1955, her life changed forever.

A year later, in April 1956, the couple wed in a lavish ceremony at St. Nicholas Cathedral, attended by 600 guests, including Hollywood celebrities Ava Gardner, Cary Grant and Gloria Swanson and Greek magnate Aristotle Onassis

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Around 30 million people across the globe watched the ceremony, unaware of the hefty financial price Grace had paid in the dowry.

Monaco wasnt the glamorous principality it is today, so they needed the money, says Gemma.

But she had built up her wealth and her independence and that was wiped out.

Ironically, it was Graces iconic image that turned Monaco into a fashionable playground for the super rich, bringing a huge amount of wealth to its marinas, casinos and high end hotels.

Grace attracted millionaires to Monaco, says Gemma. She helped Monaco regain its riches, yet she had to pay for that privilege.

In 1960, when dad Jack died leaving her 190,000, she was still paying - having borrowed against the inheritance for the dowry.

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Royal marriage brought a life of luxury, with a 200 room palace, a chateau in France with grounds six times the size of Monaco, a ski chalet in Verbier and 4million yachts.

Her clothes were made by the best designers and the jewellery she wore, from Cartier and Van Cleef, cost tens of millions.

But in a telling clip from before her marriage, Grace is asked whether she will continue to act and carefully replies: That decision will be made by the Prince.

In fact, despite being wooed by Alfred Hitchcock for the lead in Marnie in 1964 and offered many other roles, she never acted again.

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Her one true love was acting, says Gemma.

She said in one interview she had just got a glimpse of the exciting career ahead when it was cut short.

She may have thought she would return once she did her royal duty, and produced a family but, despite her worth soaring since the marriage, she never did.

Grace had three children - Princess Caroline, 64, Prince Albert, 63 and Princess Stephanie, 56 - but by turning her back on Hollywood she lost out on a fortune.

By comparison, her contemporaries, Audrey Hepburn and Doris Day, went on to careers worth and estimated 75million and 150million respectively.

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On September 13, 1982, Princess Grace had a stroke while driving on country roads near one of the royal houses, losing control of the car and plummeting 120ft off a mountainside.

Daughter Stephanie, who was in the passenger seat, miraculously survived but Grace died in hospital the next day.

Her will, written in 1975 and seen by Gemma, left a few thousand dollars and the ramshackle Irish property to a bank trust in the US.

There was no mention of jewellery, family heirlooms or any money from her Hollywood heyday.

Gemma also discovered the existence of a separate will, held by the Grimaldi family but a request to view the document was refused.

But she says Grace was unlikely to have much cash in her own name.

Any jewellery she owned would have been passed down to her daughters and daughter-in-law, she says.

But once she married, she wasn't able to earn her own income.

Again, there are parallels with Meghan because when youre not earning your own money, you are more restricted on what you can spend.

"You're being funded as a member of the royal family and you have to act in line with that.

Princess Grace never publicly expressed any dissatisfaction with life and yesterday her son, Prince Albert, scolded Prince Harry and Meghan, for airing their grievances in the Oprah interview.

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But like Meghan, Grace may have viewed her luxurious life as a gilded cage.

Grace joined the royal family so she actively chose that lifestyle, says Gemma.

But it's a stark difference from the life she had before, when she had freedom, control and financial independence."

Grace Kelly: The Missing Millions airs on Channel 5 at 9pm tonight

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How Grace Kelly lost financial independence like Meghan, missed out on 40m and died with just 7,400 to h... - The Sun

Most people dream of attaining financial freedom that moment when one doesnt have to worry about how he will pay his bills, rent, and other basic expenses because all of them are provided for. Well, passive income can certainly make this dream a reality. The expert in the field, Andreas Kffner, sheds light on how passively earning money is the key to real financial freedom. Lets delve.

What is passive income? Kffner describes it in laymans terms. It is about having enough income pouring in so that one does not have to trade his time and efforts for money anymore. It is about getting something for nothing. Sounds like financial freedom? It is, in every sense! Kffner shares, Passive income may have that get rich quick appeal. However, in the end, it does involve work. Its just that you dont have to work actively and tirelessly.

Is passive income the key to true financial independence? Kffner answers, It is. Most people believe that they have to work until retirement or become rich to attain financial freedom. But getting rich does not necessarily mean you will be financially free.

On the other hand, passive income is what it exactly sounds like: Money pouring in whether one is actively doing the work or not.

Kffner shares that there are two main ways to earn money passively. One is through investments which create monthly, quarterly, or annual income by giving a fixed or standard return on investment. It comprises channels like government and corporate bonds, t-bills, rental property income, etc. The second is through businesses. This medium to earn passive money, Kffner explains, is more problematic for most individuals to wrap their heads around. It merely translates into passive business income.

Many people believe running a business means they need to be constantly working to clock any real success. But thats not true. Kffner encourages people to create a business with a view to potentially systemising it so that it can work even without them. This way, come rain or shine, cash will continue to flow whether one is putting in the hours or not. When this happens, thats real financial freedom.

Before signing off, Andreas Kffner recommends one of the best passive income businesses people can try their hand at is investing in real estate. Indeed, there are not many businesses that offer the freedom and compensation that real estate does.

Excerpt from:

Andreas Kffner: I Believe Learning to Earn Money Passively is the Key to True Financial Freedom - Bangkok Post

BOSTON, March 30, 2021 /PRNewswire-PRWeb/ --Global tax software leader Sovos today announced that cryptocurrency P2P lending platform Celsius has selected Sovos for its 1099 crypto tax information reporting needs. U.S.-based investors, borrowers and lenders who traded on Celsius in 2020 will receive automated 1099 forms and filings in the upcoming tax season through the Sovos Tax Information Reporting solution.

Celsius' adoption of Sovos demonstrates the crypto platform's commitment to ensuring its customers remain compliant with evolving crypto regulations and avoid potential financial penalties from the Internal Revenue Service (IRS). In August, the IRS reaffirmed its commitment to ensure taxpayers file their cryptocurrency assets, moving the virtual currency question to page one of the standard 1040 form and clarifying crucial language about which cryptocurrency holdings and transactions must be disclosed to the agency.

"At Celsius, we believe that we should only do what is in the best interests of our customers, including protecting our users from unnecessary risk," said Daniel Leon, Chief Operating Officer, Celsius. "Sovos' bench of customers, including some of the largest traditional financial service institutions, and its team of regulatory experts will mitigate potential IRS penalties for our investors and prepare Celsius for any reporting changes in the future."

As a member of the Accounting Blockchain Coalition,The Chamber of Digital Commerce, and the Wall Street Blockchain Alliance, Sovos is at the forefront of changes and evolving guidance from the IRS around cryptocurrency reporting. As United States regulation of cryptocurrency develops, virtual asset service providers need reporting solutions in order to interpret the IRS' guidance and streamline investors' 1099 forms. Given the high volume of transactions on platforms like Celsius, it's imperative to use automated tax reporting software to reduce the burden on staff, eliminate human error and better track high-frequency crypto transactions.

"In tax season, crypto platforms need experienced partners to provide insight into IRS guidance and simplify an intimidating, complex process," said Paul Banker, general manager of Tax and Regulatory Reporting at Sovos. "Celsius users can feel confident knowing the most trusted source of 1099 reporting has their backs. Sovos takes the guesswork out of tax reporting."

Celsius joins other cryptocurrency exchange platforms such as Bitstamp, Paxos and BlockFi that also use Sovos for high-volume crypto tax reporting. As a trusted partner, Sovos is the largest private filer to the IRS of 10-Series tax forms and can quickly adapt to the compliance needs of the cryptocurrency market.

To learn more about Sovos' full reporting automation capabilities for cryptocurrency companies and exchanges, visit https://sovos.com/solutions/cryptocurrency-tax-software.

About Sovos

Sovos was built to solve the complexities of the digital transformation of tax, with complete, connected offerings for tax determination, continuous transaction control compliance, tax reporting and more. The company supports more than 12,000 customers, including half of the Fortune 500, that operate in over 70 countries. Its SaaS products and proprietary Sovos S1 Platform integrate with a wide variety of business applications and government compliance processes. Sovos has employees throughout the Americas and Europe, and is owned by Hg and TA Associates. For more information visit http://www.sovos.com and follow us on LinkedIn and Twitter.

About Celsius

Celsius helps hundreds of thousands of consumers worldwide to find the path towards financial independence through a high compounding reward income wallet and instant low-cost loans accessible via a web and mobile app. Built on the belief that financial services should only do what is in the best interests of the customers and community, Celsius is a blockchain-based fee-free platform where membership provides access to curated financial services that are not available through traditional financial institutions. For additional information please visit http://www.celsius.network

Celsius users are responsible for reporting and paying their taxes.

Media Contact

Christina Dela Cruz, ARPR on behalf of Sovos, 8553008209, christina@arpr.com

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Sovos to Provide Automated Tax Information Reporting for Celsius Network in 2020 Tax Season and Beyond - WFMZ Allentown

You don't have to be rich to achieve financial freedom (Image: Shutterstock)

Before you can start your journey to financial freedom, you must want to take ownership. You must recognize something is wrong and be willing to take the necessary steps to limp out of that piling debt.

The dream for many of us is to have enough cash stashed away and still afford the type of lifestyle we want. The reality though is many of us are failing at this.

Financial freedom can be described in many ways depending on who the expert is. To round it up, it is practically the ability of having enough money to take risks, spend and do whatever you want without having to worry about your bank balance.

Your money stays put even during a disaster or unexpected emergency. And who wouldnt want that? I know I do. It may sound like a stretch but this is something many people are achieving and you can too with these tips:

You cant work with what you dont have and that is why you need to do an audit of how much money you have.

List down how much debt you have like: borrowings from family and other defaulted payments that one can easily forget. No matter how much the amount totals to, do not be discouraged. The reason you are doing this is to make amends.

Next, list down your income all the way from dividends, profits and your salary. Compare the two and see how much debt youre in and work on finding ways to pay them off.

At times all you need is to hire the services of an expert. It may seem like an unnecessary cost especially if finances are tight but think of it as an investment that will pay off.

A financial advisor will dive deep into your money revealing gray areas that need to be fixed and how to convert your cash to tangible assets or investments the right way without losing money.

He or she will enlighten you on good financial practices and how to make decisions with the money you have. Whether it is to invest more or pay off debt. Their advice will be invaluable and save you tons of time trying to do it yourself.First do an audit of how much you really have (Image: Shutterstock)

You need to work on the mindset that money will never be enough and therefore you must borrow to sustain your needs.

Contrary to what you may think, financial independence is not only possible by those who have tons of money. Middle class people have paved way for themselves to reach financial freedom by making the right choices.

This means cutting down on your spending and living within your means. Save more and spend less to achieve this lifestyle we all envy.

The fastest way to get back to financial freedom is clearing all loans no matter how small or big. You must break free from this never-ending cycle that continues to suck your money down the drain.

Create a pay plan and list those pressing debts that need to be cleared first and those that can wait as you get your finances in order. This way, you will be able to have a good nights sleep and know where you stand financially and how long achieving your freedom will take as you work towards it.

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If what you are already doing is not working then you should consider getting another job or a side hustle. How much you make at the end of the week or month plays a huge role on achieving financial freedom. With the right paying job or profits from a business will make paying debts a whole lot easier.

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Five tips to find your way back to financial freedom - The Standard

Owning a home is an essential priority for each individual and an aspiration that one desires to achieve. In these crucial decisions of purchasing a home, women have long been recognized as key influencers and decision-makers.

With financial independence becoming pivotal, women are leveraging their home-making skills and venturing into home buying. Present-day women too aspire to own a home that ensures safety, security, well-being and evokes a sense of financial stability.

The key to building a sound financial portfolio starts by identifying the right assets that one should opt for investment. With the pandemic outbreak and a resultant change in the market landscape, real estate emerged as the most stable asset as compared to other asset classes.

Making it more lucrative, various government initiatives like stamp duty cut, the lowest home loan interest rate and unchanged repo rate have considerably boosted the sector. Understanding the long-term benefits of real estate and the pandemic re-instating the importance of home, women have come to the forefront as homebuyers.

A survey by ANAROCK Property Consultants states that 62 percent of women picked real estate as the preferred investment asset class compared to the stock market, fixed deposits, and gold.

Further giving an impetus, the Maharashtra government on March 8, 2021, announced a 1 percent concession on stamp duty over the current rates. According to the announcement, the government will grant a reduction in stamp duty if the transfer of property or registration of sale deed is in a woman's name.

In a time when women have started building assets on their own, this step comes in as the desired push to ensure their financial independence. A stamp duty cut, especially for women, will encourage many fence-sitters and make them confident enough to consider home buying.

Honing the art of safeguarding the entire familys well-being, home-buying decisions of women are largely influenced by safety, security, and accessibility aspects. Women homebuyers are portraying an inclination towards integrated developments with a community living experience that assures the overall well-being of the family.

For first-time women homebuyers, ready-to-move-in properties serve as the perfect solution that offers a factor of convenience, the backing of 'what you see is what you get and flexible payment plans, making it easier for them to consider this investment. Known for their well-thought decisions, the same survey by ANAROCK Property Consultants even mentions that 70 percent of women respondents consider the current time as ideal for buying a home.

With the changing times, women today look forward to educating themselves on financial inclusion, financial equality, and financial literacy. Through this favorable market scenario and the ongoing demand in the sector, real estate will only appreciate. This will, in turn, drive the nation's economic growth and ensure capital gains for every investor.

Modern-day women represent influential desirability to become financially independent and take decisions on their credibility and understanding. The housing sector being ideal, it is certainly the perfect time for women to take the leap from being homemakers to bread earners and now, proud homeowners.

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TOULOUSE, France--(BUSINESS WIRE)--Regulatory News:

ABIONYX Pharma (FR0012616852 ABNX PEA PME eligible), a new generation biotech company dedicated to the discovery and development of innovative therapies for patients, today announces the conclusion of a strategic partnership with GTP Biologics (Fareva Group) and V-Nano (VBI Therapeutics Group), specialized in the production and formulation of biological nanomedicines.

CER-001 showed positive results in the treatment of an ultrarare kidney disease in a French patient, delaying the need for dialysis and diminishing corneal lipid deposits resulting in improved vision, as reported in a case study recently published in a world-renowned medical journal. Clinical development of CER-001 in renal disease continues in a phase 2a study to prevent acute kidney injury in septic patients, currently underway in Italy. In view of these advances, ABIONYX Pharma has decided to relaunch and reengineer the biomanufacturing of its recombinant bio-HDL mimetic.

GTP Biologics, based in Saint-Julien-en-Genevois, and V-Nano, based in Toulouse, are French companies specializing in bioproduction and nanoformulation. They have the necessary infrastructure and expertise to bioengineer and re-launch the biomanufacture of CER-001. Indeed, CER-001, which is a cutting-edge biomedicine, requires an innovative technological approach to ensure its successful complex bioproduction with high added value in France. GTP Biologics is a major site for biomanufacturing in Saint-Julien-en-Genevois. V-Nano is also a partner of CEA Tech Occitanie in the framework of a technology transfer in nano-characterisation for the opening of a joint laboratory which works in particular on the development of nano-formulations and will have a pilot unit upstream of the production site.

Alain Sainsot, Chief Executive Officer at GTP Biologics/Group Fareva and President of V-Nano/Group VBI Therapeutics, member of CSF-Sant and contributor to the latest report in the National Bio-Production Strategy in France, declares: We are very pleased to make a strategic contribution to the development of ABIONYX Pharma's CER-001 biomedical product, alongside Fareva. It is a major challenge for our industry to be able to produce the most advanced biomedicines in France, in addition to more mature products such as vaccines and monoclonal antibodies. In the case of ABIONYX, the aim is to produce this new biomedicine as quickly as possible to meet the needs of patients without existing treatment and to extend the field of medical innovations that can be carried by this bio-HDL, both in the kidney and in ophthalmology.

CER-001 is a complex engineered cell biology-based biomolecule with a diverse mechanism of action similar to natural HDL and therefore has considerable potential. CER-001 as a recombinant bio-HDL mimetic has considerable value in that it has proven to be safe and very well tolerated at high doses of 10-30 mg/kg/week in various indicated studies to date.

Cyrille Tupin, Managing Director of ABIONYX Pharma concludes: We would like to thank Alain Sainsot, his team and shareholders for their strategic interest and support for the re-launch of the bioproduction of CER-001 in this next generation biomanufacturing facility in France. We are also delighted with the support of Fareva, through its strategic partnership with VBI Therapeutics in the context of the Saint-Julien-en-Genevois activities. The availability of new batches of bio-HDL is highly anticipated in the context of new ATUs in ultra-rare renal diseases or new indications in nephrology and ophthalmology, in order to improve the prognosis of rare and orphan diseases or other diseases for which there are currently no treatments.

About Fareva / GTP BiologicsFareva is a family-owned company with a strategy based on financial independence and is one of the world's leading suppliers of pharmaceuticals, cosmetics, make-up and industrial household products. Fareva is located in 12 countries with 42 manufacturing plants, more than 12,500 employees and a turnover of EUR 1.8 billion. The subsidiary GTP Biologics, which came from the Pierre-Fabre group, was integrated into the Fareva group in December 2020.

About V-NanoFounded in May 2018 by Alain Sainsot, former industrial director of the pharmaceutical group Pierre Fabre and ex-president of Amatsigroup, V-Nano specialises in the market for the development of biomedicines, in particular injectable nano-emulsions, with the construction, in Toulouse (Haute-Garonne), of a unit specialising in the production of clinical batches for third parties.

About ABIONYX PharmaABIONYX Pharma is a new generation biotech company dedicated to the discovery and development of innovative therapies for patients. The biotech assets inherited from CERENIS Therapeutics constitute a rich portfolio of valuable programs for the treatment of metabolic diseases as well as with a HDL targeted drug delivery platform.

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ABIONYX Announces the Signing of a Strategic Partnership With GTP Biologics (Fareva Group) and V-Nano (VBI Therapeutics Group) for the Bioproduction...