Financial Education – A Global Perspective

Financial Education - A Global Perspective

Continuing social, economic and political change over the last five years has meant that the need for financial capability in young people is even more pressing. In many western counties issues surrounding increasing levels of personal debt, crashing markets and their effect on pensions mean that there is a greater need for individuals to take a more active and informed interest in their own financial future.

This article looks at various initiatives for teaching children about money around the world.

In South Africa, Teach Children to Save (TCTS) is a one-day initiative designed to spotlight the importance of teaching the country’s youth about saving money. The objectives of the project include:

To raise awareness about the benefits of savings, financial planning and foster a culture of saving. To demonstrate the important role that the financial services sector can play in creating a financially literate nation. To initiate a national program that encourages a collaborative, industry-wide effort to increase financial literacy.

Teach Children to Save South Africa (TCTS SA) was launched during July Savings Month on the 25th July 2008. On this day, volunteer bankers and financial professionals became teachers for a day and delivered a one hour savings lesson to learners in grades 4 to 7. This pilot initiative laid the groundwork for an annual event that spotlights the important role that financial service providers can play in educating the nation’s youth about saving. While modelled on the U.S. program, TCTS SA was customized to align with South African culture, financial education needs and the school curriculum especially Economic Management Science.

Scotland was the first part of the UK to publish guidance for schools in this area, back in 1999 Learning and Teaching Scotland, published Financial Education in Scottish Schools – A Statement of Position. This document describes managing money is “one of the most important and challenging features of everyday living” while outlining a minimum entitlement within the school curriculum.

Their aims are for young people to understand key financial and economic ideas; be skilled in managing their financial affairs; recognise the importance of using financial resources responsibly and be able to operate in a confident and enterprising manner.

The Scottish programme as part of the 3-18 Curriculum for Excellence is under-pinned by the expectation that every teacher is a teacher of Numeracy, Literacy and Health and Well-being. A thematic / topic framework is suggested which schools may adapt …

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Attract More Leads Being an INFOpreneur

Attract More Leads Being an INFOpreneur

We’ve all heard of  then  of course  newest iteration is  though the word was originally registered as a trademark (USPTO) on February 1 1984 by Harold F. Weitzen. In 1988, H. Skip Weitzen published “Infopreneurs: Turning Data Into Dollars” (John Wiley & Sons).”

As defined by Wikipedia, an” Infopreneur is a person whose primary business is gathering and selling electronic information. This term is a neologism portmanteau derived from the words “information” and “entrepreneur”.

An infopreneur is generally considered an “entrepreneur who makes money selling information on the Internet. They use existing data and target an audience.”

For the purposes of attraction marketing, I prefer the original definition: “turning data into dollars.” I further recommend that the data or content should be yours, not existing data. Too many people simply post articles they have read rather than creating their own content. Content rules!! You should create your own.

So the question is, how to turn data into dollars? The answer is crystal clear. Using an education based marketing approach, you will attract more prospects more quickly. More prospects turns quickly into more customers. More customers turns quickly into more money in your pocket

There are many ways to educate your marketplace and attract the best possible prospects. You can create free reports, newspapers/newsletters, white papers, fliers, books or even blog content.

You should create market driven data which will appeal to your target population and draw them to you in great numbers by fascinating them enough to entice them to WANT to speak with you.

The irrefutable fact is that if you are tired of cold calling and doing things the same way you’ve been doing for years, then you need to do things differently. After all, we all know the definition of insanity: doing the same thing over and over again and expecting different results.

Although any of the education based devices I discussed above are far and away better than the more common approaches most of you are utilizing, one attraction marketing device in particular outshines the others.

That device being a  BOOK . Becoming a published author enhances your credibility and differentiates you from your competition like no other vehicle. You will destroy your competition once you become THE authority in your marketplace. Plus, you will create a legion of raving fans who are happy to pay you a premium price; rather than just having some customers …

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Advantages Associated With FOREX Trading

Advantages Associated With FOREX Trading

The financial returns promised for FOREX are very high compared to the trading of stocks, futures or commodities. One of the most prominent advantages associated with this trading is that there are equal chances for success in falling as well as in rising markets. The flexibility of the market is another advantage associated with it.

In stocks or futures trading, the bear and bull condition of the market decides the trading behavior. But in a market, the trader can reap profits independent of the nature of the market. The transaction costs associated with the trading is low compared to other modes of trading. The FOREX market is considered to be the world’s most liquid market where the trading volumes are in trillions. In most scenarios, the slippage of currency value is very limited compared to other trading modes. The profit potential in trading is very high as the FOREX market offers the highest leverage available. The order errors associated with FOREX trading are minimal.

The costs associated with FOREX trading are the minimum as there are no commissions or service charges, only the spread between the cost to buy or sell a currency pair. All trading is done electronically in the FOREX market. This makes trading convenient and relatively error free. This electronic mode of trading is done via sophisticated platforms that are provided free of charge by most forex brokers. Many online tools are also available which makes decision making easy. The historical data can be analyzed using these FOREX trading tools to arrive at an investment decision.

The FOREX market is a global market and hence the risks associated with the manipulation of currency values are very few. The currencies cannot be manipulated easily which reduces the risks associated with this mode of trading. Unlike the stock market, FOREX trading is done in a wide market where manipulation is practically impossible. There are no restrictions on the number or types of transaction in the FOREX market. In FOREX markets, the trader is free to plan any trading strategy and to implement the same. The returns and benefits associated with FOREX trading can very high which drives many people to this mode of trading, but it is important that you study & learn how to trade forex on a free demonstration account before you trade with real money.…

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Avoid Truancy to Claim Education Tax Credits

Avoid Truancy to Claim Education Tax Credits

The U.S. government is happy to help students pay for their continuing education so long as they attend class. Truancy has resulted in a billion-dollar tax headache for the U.S. Federal Government, according to the Treasury Inspector General for Tax Administration, the office that is mandated with keeping an eye on the operations of the Internal Revenue Service (IRS). The Administration’s investigators found that approximately 2.1 million taxpayers may have received $3.2 billion in American Opportunity Tax Credit claims erroneously between January 1, 2010, and May 28, 2010.

The American Opportunity Tax Credit was created in 2009 to assist students in meeting the cost of college. It gives out $2,500 toward college costs, much more than the $1,800 Hope Credit, which it replaced. Even better, $1,000 of the student tax relief is refundable, meaning that one is eligible for a refund if they don’t owe any taxes when they file. This tax break is available through 2012.

In their analysis of these figures, the TIGTA found that the IRS paid about $2.6 billion to 1.7 million persons who weren’t even attending college. Another $550 million went to students who didn’t attend school at least half-time or who were graduate students, contrary to the tax credit’s rules.

Students who were registered as dependents on other people’s tax returns got another erroneous $88 million in credit. Additionally, $256,000 in American Opportunity credit money was paid to 250 prisoners.

The main tax benefit of claiming an education credit is that the money comes directly off any monies one owes the government in taxes. This enables students to use the money that they have saved to pay for their college tuition and other qualified education expenses.

Alarmed by the stark results of the review, the Treasury Inspector General for Tax Administration, J. Russell George, admitted that the IRS lacked an effective process to identify taxpayers who claimed erroneous education credits. He further stated that if the problem was not addressed, it could lead to $12.8 billion in erroneous refunds over a period of four years.

At the beginning, the IRS was unwilling to accept the level of erroneous claims exposed by the TIGTA, but it later admitted that it had discovered a “high percentage of the claims with no supporting documentation to indeed be erroneous.”

As of July 2011, IRS audit results indicated that 72% of the education claims it reviewed were not correct. …

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A Database Course – Update

A Database Course - Update

What could you anticipate the leading of your range Microsoft certified education providers to offer a student in this country currently? Clearly, the pretty very best Gold Partner Microsoft certified coaching tracks, offering a array of courses to lead you towards different locations of market. Endeavor to go over all the diverse permutations with an advisor who understands the IT sector, and has the capability to guide you towards the top kind of work to suit your skills and character. When you’ve selected the career track for you, an appropriate course should be picked that is is in line together with your capabilities and skills. This can be personally tailored for you as an individual.

Be sure you never get caught-up, as lots of students can, on the training course itself. Coaching just isn’t an finish in itself; you happen to be instruction to turn out to be commercially employable. You’ll need to remain focused on exactly where you’d like to go. You may be training for only a year and find yourself undertaking the job for 20 years. Make certain you keep away from the fatal error of discovering what seems like an extremely ‘interesting’ program only to waste your life away with a job you don’t like!

Prioritise understanding the precise expectations business will have. Which distinct accreditations they are going to want you to have and how you are going to make your knowledge level. Invest some time setting recommendations as to how far you feel you will would like to progress your career as it will often force you to choose a certain set of certifications. Speak to a skilled experienced who knows regarding the sector you happen to be hunting at, and is capable to offer you an in-depth explanation of what you really do in that part. Researching these places well just before commencement of any finding out programme will stop loads of wasted time and effort.

The age-old way of teaching, involving piles of reference textbooks, is usually pretty tough going sometimes. If this describes you, dig about for additional practical courses which possess a majority of interactive, multimedia parts. Where attainable, if we can utilise all of our senses into our studying, our benefits will frequently be quite spectacular.

The latest audio-visual interactive applications featuring instructor demo’s and practice lab’s beat books hands-down. And they’re far more enjoyable. Never take any probabilities …

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