tag:blogger.com,1999:blog-34679664282958686662024-03-13T16:04:11.682+13:00Money Maven's Financial BlogSheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.comBlogger256125tag:blogger.com,1999:blog-3467966428295868666.post-25481845058932972502017-11-09T15:17:00.000+13:002017-11-09T15:17:29.368+13:00Musings and Amusings<h2>
<span style="font-family: "arial" , "helvetica" , sans-serif;">Don’t Lean
In. Opt Out</span></h2>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">Manifestoes
for working women, much like working women themselves, are often held to an impossibly
high standard. Sheryl Sandberg’s <i>Lean In</i>
was a best-seller, but critics – male and female – tore it apart because it
asked women alone to fix their broken work environment. The criticism is valid;
Sandberg has since admitted that it would be hard for a single mother to follow
her advice. And yet male-authored advice books hardly get torn apart for
failing to address intersectionality, privilege, and structural racism and
sexism along with tips on how to climb the corporate ladder. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">Sallie
Krawcheck wants us to know, even before we open <i>Own It: The Power of Women at Work</i>, that she excels in the face of
such impossible standards – in heels, no less. The cover features Krawcheck,
the co-founder and chief executive officer of Ellevest, an online investment
service for women, perched atop a stepladder in black stilettos. Krawcheck gets
how difficult it is for women to break into the executive class. She worked her
way up in the banking industry, only to be let go from C-suite jobs at
Citigroup and Merrill Lynch. </span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Reflecting on her tenure at Citigroup, which ended
about nine years ago, she says she believes gender played a major role in the
tensions she experienced. The final straw, Krawcheck writes, came when she made
an unpopular suggestion that she believed was in the company’s best interest:
reimbursing some Citigroup customers for losses they’d suffered in the early
days of the 2008 financial crisis.</span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">Given how
she frames her experiences, you wouldn’t expect Krawcheck to write that “being
a woman in the business world is not a liability: it’s power.” The liability,
she says, manifests primarily when women try to affect a masculine demeanor
around the office: when women speak up, as she did, they’re judged more
negatively than men. Women who negotiate the way men do are considered too
pushy. So throughout the book, Krawcheck scatters tips on how to successfully
leverage feminine traits. In a chapter titled “The Obligatory Ask-for-the-Raise
and How-to-Negotiate Chapter (With a Twist),” she suggests that women pretend
during salary negotiations that they’re at a PTA meeting. Research shows that
women perform better when they’re fighting on behalf of someone else, such as
their kids. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">Her
approach makes sense, but does it work? Here, Krawcheck runs into some trouble.
She argues that companies resistant to women-friendly policies and practices
will fail – but they haven’t, even as inhospitality remains the norm. The pay
gap persists. The US Equal Employment Opportunity Commission got almost 13,000
complaints of sexual harassment in 2015, a number that’s held steady since
2011. Women enter corporate America at near-parity with men but occupy only 19%
of C-suite positions, according to a recent survey by McKinsey and LeanIn.org.
Sandberg’s nonprofit. In another recent survey, by MWW Public Relations and
Wakefield Research, three-quarters of respondents said they believe women are
worse at delivering financial returns for companies. The opposite is true:
Numerous studies say that organisations with female managers perform better on
average than those led by men. Whatever Krawcheck’s hopes, women tend to get
penalised no matter how they act on their way to the top. Those who get there
are often set up for failure, tapped to lead only in moments of crisis, when
the odds of succeeding are slim to none, a phenomenon known as the glass cliff.
<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">Ultimately,
Krawcheck argues, there may be no way for women to work within the system and
win, no matter how often they transform perceived liabilities into assets. Her
most useful – and radical – advice comes in chapters that urge women to opt
out. In “Literally Own It: Start Your Own Thing,” she encourages women to start
businesses. When that happens, “there’s no playing by the boys’ club rules,”
she writes. “No asking permission.” Since the system isn’t working for us, it’s
time for us to build our own. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;">Source:
Bloomberg.com</span><o:p></o:p></span></div>
Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-92122606982463381862017-11-02T09:35:00.000+13:002017-11-02T09:35:47.269+13:00Womenomics<h2>
<span style="font-family: "arial" , "helvetica" , sans-serif;">Why Put a
Ring on It?</span></h2>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXdMBTcvjbs8noY93zvz1rjT74pYGyqs3ztKTyXO2WAfqz-aZ3zonFp9OOAScmh2ZtkKX4_Rw48Ciikbhmydgtw9rep9tj2q2JWXGCx5IZTkQCIGySla6_PAn6sBsxn9vlQrFUBSdqvyk/s1600/wedding-rings1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="350" data-original-width="401" height="558" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXdMBTcvjbs8noY93zvz1rjT74pYGyqs3ztKTyXO2WAfqz-aZ3zonFp9OOAScmh2ZtkKX4_Rw48Ciikbhmydgtw9rep9tj2q2JWXGCx5IZTkQCIGySla6_PAn6sBsxn9vlQrFUBSdqvyk/s640/wedding-rings1.jpg" width="640" /></a></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">In America,
women are waiting longer to wed than ever, and many are choosing not to do so
at all. The freedom to pursue high-powered careers and sexually diverse lives
without fear of pregnancy or stigma has turned marriage into a choice, not
destiny. By 2009 nearly half of all American adults younger than 34 had never
married, a rise of 12 percentage points in less than a decade. Unmarried women
outnumber married ones for the first time ever. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">Single
women are reshaping politics. As women tend to worry more about reproductive
rights and fair pay, they have favoured Democrats for president since 1988. But
the overall women’s vote hides a divide: in 2012 Mitt Romney narrowly carried
married women, while the unmarried rushed to Barack Obama in their millions, giving
him a 36-point margin. Single women cast almost a quarter of the votes, nearly
guaranteeing his re-election.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">Delaying
marriage is also having economic effects: women aged 25 to 34 are the first
generation to start their careers near parity with men, earning 93% of men’s
wages. Single women now buy homes at greater rates than single men, a big step
in independent wealth-building. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">These
trends have some conservatives fretting about the decline of the family. The
divorce rate rocketed in the 1970s and 1980s, as women who had rushed into
unhappy marriages discovered they could make their own way. The boom in divorce
encouraged many in the next generation to abstain from marriage rather than
enter a flawed one. Now that marriage is simply one option among many, fewer
women are exchanging vows, but those that do tend to be in happier, more
co-operative relationships. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">The divorce
rate, now falling, has plunged fastest among those who stay single longest.
Despite the stereotype that high-achieving women are doomed to spinsterhood,
the truth is that these women are now the most likely to tie the knot, and can
afford to hold out for the right match. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">Not all
women are celebrating. For some, singlehood is less a choice than bad luck.
Outside big cities, women who are unmarried into their late 30's are often
pitied. For those who hope to become mothers, biology imposes harsh deadlines –
though breakthroughs in fertility treatments have raised the number of women
giving birth after age 35 by 64% between 1990 and 2008. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">In
particular, poor single women face a different landscape. Not all are unmarried
by choice: America’s high incarceration rate has shrunk their pool of men.
Single parenthood is strongly correlated with poverty. Conservatives duly push
marriage as the antidote: the federal government has spent almost a billion
dollars on pro-marriage programmes, to little avail. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;">Source:
economist.com</span><o:p></o:p></span></div>
Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-11974555807265856392017-10-27T12:28:00.000+13:002017-10-27T12:28:23.787+13:00Frame and Investment<h2>
<span style="font-family: "arial" , "helvetica" , sans-serif;">Women Are
Owning More and More Small Businesses</span></h2>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxtkCrBF4ub6wq46-uzsLFiO2xpyXaa0GYYTr0Q5LRInI3U3rQwJmsiAnpw8czQdianLochhlOO_KxLSKifuu-lmRTey1XD3UsJXbCS_9tHDtQLVoTUlUEp6T6e2_GkIr0jAszOvmGi7c/s1600/Women_Bus.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="517" data-original-width="809" height="408" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxtkCrBF4ub6wq46-uzsLFiO2xpyXaa0GYYTr0Q5LRInI3U3rQwJmsiAnpw8czQdianLochhlOO_KxLSKifuu-lmRTey1XD3UsJXbCS_9tHDtQLVoTUlUEp6T6e2_GkIr0jAszOvmGi7c/s640/Women_Bus.PNG" width="640" /></a></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">Owning your
own business is often touted as the ultimate coup in the working world. You set
your own hours, pursue projects you’re interested in, and maybe work in your
pajamas. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">About 29%
of America’s business owners are women, that’s up from 26% in 1997. The number
of women-owned firms has grown 68% since 2007, compared with 47% for all
businesses. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">The
progress for minority women has been particularly swift, with business
ownership skyrocketing by 265% since 1997, the report says. And minorities now
make up one in three female-owned businesses, up from only one in six less than
two decades ago. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">Why have
minority women had such an apparent breakthrough in the world of
entrepreneurship? It’s partially a numbers game – in 1997 minority women
represented such a small number of owners – less than one million – that even
moderate growth would have likely helped them outpace the growth of the broader
field of women-owners. But Jessica Milli, a senior research associate at IWPR,
says that the characteristics of minority women who opt to open businesses may
also play a role in the runaway growth. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">“Women of
colour are more likely to be younger when they first found their business,”
says Milli. “Given today’s climate – when a lot of purchasing occurs online and
social-media usage can really make or break a business this can mean that those
businesses might have a competitive advantage.”
<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">The growing
prevalence of female entrepreneurs of all races didn’t happen by accident.
Instead, it may be proof that legislation targeted at women and minority
small-business owners are having an effect. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">Women
business owners still face a significant wage gap and continually have smaller
amounts of start-up capital than their male peers. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">For one,
women-owner businesses make only about 25 cents for every dollar their male
counterparts earn. That’s a much larger gap than the one that exists in the
overall labour market, where the median earnings of women were about 83% of
men’s. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">Although
challenges like access to capital and wage equality persist having more women
entrepreneurs may be helpful in and of itself when it comes to boosting the
successfulness of female owners. Researchers who studied the effect of peer
relationships on female entrepreneurs in India found that women who received
business training with a friend were more likely to take out business loans,
and more likely to report higher business activity and household income than
peers who received training without a peer. And though equality on all fronts
is still a long way off, the field of entrepreneurship is “moving toward
equality in terms of representation, which is a great thing,” Milli says.
“Overall, the picture is optimistic.”<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;">Source:
theatlantic.com</span><o:p></o:p></span></div>
Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-28533874884682708372017-10-24T11:30:00.000+13:002017-10-24T11:30:19.844+13:00Everyday Money<h2 class="MsoNormal">
<span style="font-size: large;"><span style="font-family: "arial" , "sans-serif";">This is One Inheritance You Don't Want</span></span></h2>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1n4iTHy49I72GbBXPOdYyxundCx8UoatEjYCIP7hi6Shiuq77yNPjObYfyDccPZn1GHQFodCxlzTIivJlDcZaNv5unA4aA415DvWl6VSyDx5sdOL4TXCcPHp37Q9q47nZ1lOj-l-OhF4/s1600/Inheritance.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="509" data-original-width="770" height="420" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1n4iTHy49I72GbBXPOdYyxundCx8UoatEjYCIP7hi6Shiuq77yNPjObYfyDccPZn1GHQFodCxlzTIivJlDcZaNv5unA4aA415DvWl6VSyDx5sdOL4TXCcPHp37Q9q47nZ1lOj-l-OhF4/s640/Inheritance.PNG" width="640" /></a></div>
<span style="font-family: "arial" , sans-serif;"><br /></span>
<span style="font-family: "arial" , sans-serif;">You may have received a big inheritance, even if you're not aware of it: how you handle your money.</span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">Economics
professors at the University of Copenhagen have found that if a parent was in
default on a loan at the end of the year (their study looked at data from 2004
to 2011), the chance of default for their children was more than four times as
high as for those whose parents were model financial citizens. And that’s
across all levels of parental income, loan balances and other measures,
including that of intelligence. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">The study
analysed about 30 million personal loans held by some 5 million Danes ages 18
to 45. It linked that information to government data, including income level
and education for the borrowers and their parents. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">The key
finding: The share of 30 year olds in financial trouble – narrowly defined in
this study as being at least 60 days late on a loan at the end of the year -
was 5 percent among those whose parents showed no similar sign of financial
trouble. It was 23 percent for kids whose parents’ records showed financial
trouble.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">The study
follows other research concluding that risk attitudes seem to be handed down by
generation. It couldn’t rule out the chance that long-lasting health shocks had
an effect on income that carried over to the next generation, but it did find
evidence that shared common shocks tied to the business cycle, such as a parent
and child unemployed at the same time, weren’t likely causes for the
correlation. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">An earlier
study that lends support to the Copenhagen work found that adoptees with
parents who take on more investment risk in their portfolios tend to make financial
decisions for their own portfolios that reflect similar levels of risk. It
concluded that nurture plays a substantially larger role than nature in
financial risk-taking among parents and children.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">That’s not
to say our hard wiring plays no role. A 2015 study of identical and fraternal
twins in Sweden concluded that “genetic differences explain about 33 percent of
the variation in savings propensities across individuals,” finding that
parenting plays a part in the differences in the twins’ savings behavior early
on but that the effect waned over time. <o:p></o:p></span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">Even if
some of our attitudes toward money are hard-wired, no one wants to pass along a
legacy of financial instability. There are many ways to nurture self-control
and highlight the difference between “wants” and “needs.” <o:p></o:p></span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">If you’re
able to be a smart saver and shopper and make the tough budgeting tradeoffs –
and if you let your kids see all that at the grocery store and when you’re
paying the bills – they’re likelier to adopt these behaviors as adults. </span><o:p></o:p></span></div>
<span style="font-family: "arial" , "sans-serif"; mso-fareast-language: EN-NZ; mso-no-proof: yes;"><br /></span>
<span style="font-family: "arial" , "sans-serif"; font-size: x-small; mso-fareast-language: EN-NZ; mso-no-proof: yes;">Source:
Bloomberg.com</span><br />
<br />Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-48425288510857826922017-10-18T14:55:00.000+13:002017-10-18T14:56:22.769+13:00Why?<h2>
<span style="font-family: "arial" , "helvetica" , sans-serif;">Men Aren’t
the Smartest When it Comes to Credit</span></h2>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTAinEVwz1kBwyRXqjQWxwMwHgv7fR8-1zAjp2FXzUHOFMwzHJKFQOGmBZsNfZ93LoBiOLNjl6KAIzEQ80cJ3YANP-gosqhlOS8RrzMeREWD0fAYh_H_7QC90kIlHWA8JC-RXttk-QFB8/s1600/Credit.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="518" data-original-width="780" height="424" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTAinEVwz1kBwyRXqjQWxwMwHgv7fR8-1zAjp2FXzUHOFMwzHJKFQOGmBZsNfZ93LoBiOLNjl6KAIzEQ80cJ3YANP-gosqhlOS8RrzMeREWD0fAYh_H_7QC90kIlHWA8JC-RXttk-QFB8/s640/Credit.PNG" width="640" /></a></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">The majority
of men – 61% - describe their knowledge of how credit scores work as good or
excellent. <o:p></o:p></span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">They might
want to take a refresher. <o:p></o:p></span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">More than
40% of men and women questioned in a new poll think a person’s age, marital
status, and ethnicity are among the components that determine a credit score.
Of course, none of them are. On all three of those questions, a significantly
higher percentage of men thought those things played a part in a credit score,
according to the annual survey of credit understanding. <o:p></o:p></span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">The biggest
gender-knowledge gap was about whether marital status affected your credit
score. Additionally, fewer men correctly choose three ways a consumer could
improve a credit score, or maintain a high one. <o:p></o:p></span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;">Rather than
a knowledge gap, what women may suffer from in the credit arena is a confidence
gap: Even though they largely outdid men on the questions, fewer women – 54% -
rated their knowledge of credit as good or excellent. <o:p></o:p></span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span lang="EN-US">These
figures replicate those relating to both genders, however, showed a decline in
their understanding of credit compared with last year’s survey. Fewer people
had success with a multiple-answer question about how much more a person with a
low credit score could pay on a 60-month auto loan, as well as with more basic
facts such as how everyone has more than one credit score, and that credit
repair companies rarely wind up actually repairing your credit understanding
and confidence for women in investment – read <i>Girls Just Want to Have Funds</i> for more on this. You can order from
our website </span><a href="http://www.strategies.co.nz/"><span lang="EN-US">www.strategies.co.nz</span></a><span lang="EN-US">. <o:p></o:p></span></span></div>
<br />
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;"><br /></span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;">Source:
Bloomberg.com</span><o:p></o:p></span></div>
Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-57204859013504555162017-01-17T11:17:00.001+13:002017-01-19T11:21:38.038+13:00Musings & Amusings<h1>
<span class="flytitle-and-titletitle">The gender pay gap persists almost
everywhere – and has done so since pre Victorian times.</span></h1>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGmQZJBz_MXyMUHyzGHzA5n75eKdZXxQte7x5S_MPO0Ks2drWrY3QF3kHnPX9SOqIvh0pgQLlMjYYD4orz2CdT1sYip90dnjRcUR1M0tMRWqni3jrkv9caYwseFNcyaRmzZLR2z4Lzql0/s1600/_86765994_promo624_2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGmQZJBz_MXyMUHyzGHzA5n75eKdZXxQte7x5S_MPO0Ks2drWrY3QF3kHnPX9SOqIvh0pgQLlMjYYD4orz2CdT1sYip90dnjRcUR1M0tMRWqni3jrkv9caYwseFNcyaRmzZLR2z4Lzql0/s640/_86765994_promo624_2.png" width="640" /></a></div>
On average, women earn 18% less than men, according to analysis by Korn Ferry
Hay Group, a consulting firm which looked at more than 8m employees in 33
countries. The pay gap is largely explained by a lack of women in highly paid
roles. Women make up 40% of the global workforce for clerical jobs but only 17%
of executive roles. However, the pay gap shrinks when comparing males and
females working at an identical level and function within the same company (but
still favours men by 1.6%).<br />
<br />
In Britain, more than four decades after the equal pay act was introduced,
the headline difference between men and women’s pay is still high. A pledge
made in 2015 by David Cameron, Britain's prime minister, to “end the gender pay
gap in a generation” is an ambitious one. Women only make up around a third of
senior management roles there. Workers at the same level but in different
companies still face an average pay gap of over 9%.<br />
<br />
The United Arab Emirates, on the other hand, has a reverse pay gap. Women at
the same level, company and function actually earn 2% more than their male
counterparts. This is partly because fewer women participate in the labour
force, and those that do tend to have higher levels of education. In 2014 women
made up 13% of the labour force; in Britain the share was 46%.<br />
<br />
<span style="font-size: x-small;">Source: The Economist</span> Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-1458407964873556132017-01-17T11:14:00.000+13:002017-01-17T11:19:47.066+13:00Everyday Money<br />
<h2 class="MsoNormal">
<span style="font-size: large;"><span style="font-family: "Arial","sans-serif";">The 7 Habits
of Highly Effective Investors</span></span></h2>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif";">These are the
basics of running your financial life.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTGi3iGUd21iHUMV9xd2q-cf9ks_gTKR8BFNX5RlxvOn7WaHiCfmwgKZ13EUHEWgOELlVWv5nxZjTe252tbLsCNzGgjAOgeYBXgNntJBYPphcH9JAbx5sO9rk_TMp3VSEwM1m5OBSLrhM/s1600/shutterstock_16547263-600x300.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTGi3iGUd21iHUMV9xd2q-cf9ks_gTKR8BFNX5RlxvOn7WaHiCfmwgKZ13EUHEWgOELlVWv5nxZjTe252tbLsCNzGgjAOgeYBXgNntJBYPphcH9JAbx5sO9rk_TMp3VSEwM1m5OBSLrhM/s640/shutterstock_16547263-600x300.jpg" width="640" /></a></div>
<br />
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif"; mso-fareast-language: EN-NZ; mso-no-proof: yes;">In a recent study, j</span><span style="font-family: "Arial","sans-serif";">ust 8 percent of college students taking a recent survey
gave themselves an A for how well they manage their finances. In a larger, 2014
survey of U.S. adults, 18 percent gave themselves the top grade for their personal
finance knowledge.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif";">Many people
get stressed even thinking about managing their money, seeing it as just too
complicated. But Harold Pollack, a University of Chicago professor, famously
fit the basics of good personal finance on an index card.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif";">Here are
seven simple ways to increase the odds of getting in and staying in good
financial shape.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif";">Once you’ve
got these covered, you can explore investment opportunities. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: "Arial","sans-serif";">1. Save
early, and automatically</span></b></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif";">The point is
just to get in the habit of saving. Even if you start small, it’s a start. And
seeing your money grow can be very motivating.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: "Arial","sans-serif";">2. Expect
financial emergencies</span></b></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif";">About 47
percent of respondents wouldn’t be able to cover an emergency $400 expense
without selling something or borrowing money. So when you start saving, you may
want to set aside money for an emergency fund before saving for retirement.
That’s because, in a financial emergency, many people just tap into a
retirement fund early and pay a penalty.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: "Arial","sans-serif";">3. Set an
asset allocation, and diversify</span></b></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif";">Asset
allocation is an investor’s most important decision, said Bernstein. Research
by numerous finance professors has shown that the vast majority of returns over
time come from asset allocation rather than picking the right security or the
right time to invest in the market.</span></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif";">One rough
rule of thumb Bernstein uses for setting a stock-bond allocation is that your
age should equal your bond allocation. A 50-50 or 60-40 split is a good
starting point, he said, but then you need to figure out your risk tolerance
and tweak your portfolio to reflect that.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: "Arial","sans-serif";">4. Keep fees
low</span></b></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif";">With many
people expecting future stock market returns to be muted, it’s more important
than ever to keep fees low. Situations in which a retirement saver gets
conflicted advice—meaning an adviser gets fees and commissions if the client
buys a particular product—lead to returns roughly 1 percentage point lower per
year, according to a report from the White House Council of Economic Advisers.
The council estimated the aggregate annual cost of conflicted advice on Superannuation
assets at about $17 billion a year.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif";">For most
people, keeping investments simple is the most cost-effective strategy. Warren
Buffett is a longtime fan of investing in low-cost index funds, and in his 2013
Berkshire Hathaway shareholder letter, Buffett shared the advice he gave to his
estate’s trustee: </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: "Arial","sans-serif";">5. Use a qualified
adviser </span></b></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif";">Late-night
television isn’t the place to find financial wisdom. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: "Arial","sans-serif";">6. Spend less
than you earn</span></b></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif";">Spending more
than they earn is a pattern for 23 percent of millennials and 19 percent of Gen
Xers, according to a 2014 study by the Financial Industry Regulatory
Authority’s Investor Education Foundation. So it’s not surprising that only
about a third of each demographic has an emergency fund in place.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif";">Part of what
can make it tough to build an emergency fund is lifestyle creep. As we
(hopefully) earn more, we often ratchet up our spending—we upgrade phones or
cars, or take fancier vacations—rather than increasing our superannuation <span style="mso-spacerun: yes;"> </span>contributions by 1 percent, or setting a
higher amount of savings to automatically be taken out of pay.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: "Arial","sans-serif";">7. Maximise
employee benefits</span></b></div>
<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif";">Ensure your
KiwiSaver contributions match those of your employers.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: x-small;"><span style="font-family: "Arial","sans-serif";">Source:
Bloomberg</span></span></div>
Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-84704156463598222892017-01-17T11:02:00.000+13:002017-01-17T11:20:23.983+13:00Who's Counting?<br />
<h2>
Gender pay gap in children's pocket money as boys get 12% more than girls.</h2>
There was also a gender gap last year but it was just 2%. It’s reasonable to
assume that the New Zealand situation reflects that of the UK.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjItXigkv5WZukonP6W7-5XBoiOr1tindBwVWEijvlMuD-EE6Gz7af-n_cUjFeTOhX3or6xLwuNPnW9LVdgfSDDHofjF9gggzpXGskC61P8_4cSE5GhG-Zo3YrEfkaKahY67tdPZWrxD8w/s1600/Pocket_money_640x360-600x360.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="384" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjItXigkv5WZukonP6W7-5XBoiOr1tindBwVWEijvlMuD-EE6Gz7af-n_cUjFeTOhX3or6xLwuNPnW9LVdgfSDDHofjF9gggzpXGskC61P8_4cSE5GhG-Zo3YrEfkaKahY67tdPZWrxD8w/s640/Pocket_money_640x360-600x360.jpg" width="640" /></a></div>
Boys received almost 12 per cent more weekly pocket money compared to girls,
according to the Halifax’s annual pocket money survey of more than 1,200
children and 575 parents.<br />
<br />
The gender gap grew from only 2 per cent the year before.<br />
<br />
In 2016, boys between eight and fifteen received an average of £6.93 per
week, compared to girls who got an average of £6.16.<br />
<br />
“The big increase in the pocket money pay gap doesn’t bode well for the
future. If we’re ever going to get pay equality in the workplace girls need to
be empowered with the confidence to drive a hard bargain and learn to be unafraid
to ask if they think they should be ‘paid’ more; this needs to start at
home," said Hannah Maundrell, editor in chief at Money.co.uk.<br />
<br />
"Teaching your kids the value of money and the importance of
negotiation when they’re young will really set them up for success when they
enter the real world," she added.<br />
<br />
On average, eight year olds receive £5.06 with 15 year olds receiving £7.85
- the highest level recorded since the onset of the financial crisis in 2007.<br />
<br />
Giles Martin, head of Halifax Savings said it is “reassuring” to see that
the average pocket money amount has reached a nine year high.<br />
<br />
“Some parents are clearly not feeling the pinch in the same way as they have
done in recent years, when weekly pocket money dipped as low as £5.89”, Martin
said.<br />
<br />
“It’s likely it’ll be a few more years until we reach the dizzy heights of
£8.37 in 2005 though, when we saw the highest average pocket money since our
records began ,” she added.<br />
<br />
Despite the pocket money pay rise, 42 per cent of children still believe
they should receive more cash than they do, up 1 per cent from last year.<br />
<br />
Children living in London receive the highest amount of pocket money with
youngsters in East Anglia getting the least.<br />
<br />
<span style="font-size: x-small;">Source: Independent UK</span><br />
Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-84288511600232161522017-01-17T10:58:00.000+13:002017-01-17T11:20:43.216+13:00Finance & Investment<br />
<h2 class="MsoNormal">
<span class="article-classifiergap">Finance industry fails to
attract female investors</span> </h2>
<div class="MsoNormal">
Women savers alienated by ads for ‘older rich men.’</div>
<div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJCtqTKRirxTHBS1zuJJylYQzve2voQj6-jog4IWGBK1XyAxXQYnlqyeovVZAFwy6jc9YVwA-GkqWNUwA0_a5b5iEyLP5_zYkN8IAwoNmOxZjW4KWQxRtpxm9F41CYPmwWqLZ3cIrsK0A/s1600/large_article_im424_Managing_your_business_budget.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="348" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJCtqTKRirxTHBS1zuJJylYQzve2voQj6-jog4IWGBK1XyAxXQYnlqyeovVZAFwy6jc9YVwA-GkqWNUwA0_a5b5iEyLP5_zYkN8IAwoNmOxZjW4KWQxRtpxm9F41CYPmwWqLZ3cIrsK0A/s640/large_article_im424_Managing_your_business_budget.jpg" width="640" /></a></div>
<div class="MsoNormal">
The finance industry is failing to attract cash from female
investors who feel “alienated” by jargon-filled marketing campaigns designed to
appeal to wealthy older men, given my experiences in that industry can’t say
I’m surprised. </div>
<div class="MsoNormal">
<br />
Advertisements used by the investment industry are confusing women rather than
inspiring confidence, a new study has claimed, citing this as one reason women
are more likely to hold their savings in cash rather than invest them in
funds.<span style="mso-spacerun: yes;"> </span>Read Girls Just Want to Have
Fund$ for more on this.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
“In a workshop we held, women were literally shrieking at
the investment and financial services advertisements we showed them,” said
Deborah Mattinson, founding director of Britain Thinks, the consultancy that
conducted the research for the Financial Times. She added they were described
as “alienating, overly complicated and riddled with jargon”. The least
successful ads assumed a level of knowledge that women did not have, including
the “profit hunter” campaign by Artemis Fund Managers, which women thought was
aimed only at “older men” who had a “substantial amount to invest”. If women
were featured in adverts at all, they tended to be “yummy mummies with
idealised lives” which women felt “did not reflect their reality”, Ms Mattinson
added. Previous studies have found only 10 per cent of British women have a
stocks and shares Isa, compared to 17 per cent of men, meaning they are missing
out on long-term growth potential. Women were more likely to describe
themselves as “less knowledgable about investing” than men, and rely on their
male partners to come up with investment ideas, according to a survey of 2,000
male and female investors conducted on behalf of the FT by Britain Thinks.
Personal Finance Why do most women fear the stock market? Why women lack the
confidence to invest — and what to do about it Senior women in the asset
management industry believe a substantial marketing makeover is needed to help
address this, with new methods — such as videos and online tools — as well as a
broader message. “Asset managers are extremely good at talking to each other,
but extremely bad at talking to anyone else,” said Diana Mackay, chief
executive of MackayWilliams, the research house. Recognising that many women
tended to sit on cash as they were “terrified at the thought of investment”,
she urged fund managers to “start talking in a language the end investor can
understand” adding that this would benefit both sexes. Sue Noffke, a senior
fund manager at Schroders, said she believed it was a lack of confidence,
rather than competence, that was holding women back. The investment trust she
manages is using videos to broaden its appeal. “There really is a market
opportunity for financial services firms,” Ms Noffke said. “Women are a large
part of the market. Financial services firms are not doing what is required to
access that market opportunity.”</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: x-small;">Source: Financial Times</span></div>
Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-52330382765342637052017-01-17T10:49:00.000+13:002017-01-17T11:21:26.166+13:00Womenomics<h2>
Women bosses boost female places in boardroom</h2>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhoCpTGvoiqHDjSZrcRQt2SFNKrPiEBGLCH7zE8JKG5dmjur5ogY10IAU3CHfBm3qEqq75IcqbJVW_QYNjnJPs-VBbbnLbKS8oViuSAw4r3NykNGz238bvlBfqWwkMptzMcu3I0qYUSe8U/s1600/woman-in-boardroom_645x400.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="395" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhoCpTGvoiqHDjSZrcRQt2SFNKrPiEBGLCH7zE8JKG5dmjur5ogY10IAU3CHfBm3qEqq75IcqbJVW_QYNjnJPs-VBbbnLbKS8oViuSAw4r3NykNGz238bvlBfqWwkMptzMcu3I0qYUSe8U/s640/woman-in-boardroom_645x400.jpg" width="640" /></a></div>
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Having a female boss makes it more likely that there will be
more women on your board, according to new research.</div>
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Headhunter Spencer Stuart, which compiles an annual report
reviewing governance at the UK’s largest listed companies, found that boards
have significantly more female directors where the chief executive or chairman
is also a woman. The proportion of women serving as non-executive directors at
the UK’s top 150 public companies has reached 29.9 per cent, up from 17.5 per
cent in 2011. On the six boards where there is a female chairman, such as
Shire, led by Susan Kilsby, Land Securities and St James Place, just under 40
per cent of non-executives are women. In companies where there is a female
chief executive, 35.4 per cent of executive committee members are women. In
2016, 30 per cent of non-executive directors were women, but only 8 per cent of
executive directors. The data support persistent concerns that appointing more
women to boards has had little effect on the gender imbalance at senior
management level. </div>
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“This reflects the fact that the majority of companies at
the top of the FTSE have a truly global footprint and boards have long
understood the importance of having directors with knowledge and experience of
strategic markets,” the research said. A quarter of chief executives are
foreign, as are 17 per cent of chairmen. Fifteen companies have both a foreign
chairman and a foreign CEO. Mr Dawkins said the Britain’s exit from the EU was
unlikely to diminish the international scope of FTSE 150 businesses, and thus
the need for foreign expertise on domestic boards. “The signs are, from the
thinking we see among nominations committees in the FTSE 150, that the
proportion of non-UK directors will continue to rise, in line with the
businesses’ increasing foreign exposure, possibly spurred by the weakness of
sterling,” he said. Only 23 directors at the top 150 FTSE companies are black,
Asian or from another minority ethnic group, representing just 1.6 per cent of
all directors. Fifty other directors were from BAME backgrounds, but were not
British citizens. The question of broader ethnic representation has come under
greater scrutiny with the release of Sir John Parker’s review into board
diversity this month. Just nine people of colour hold the role of chair or
chief executive at FTSE 100 companies and more than half have no minority
ethnic directors at all. </div>
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New Zealand boards still have a long way to go.</div>
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<span style="font-size: x-small;">Source: Financial Times</span></div>
Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-55783038486360382202017-01-17T10:33:00.000+13:002017-01-19T11:26:08.768+13:00Why?<br />
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<b><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-NZ; mso-font-kerning: 18.0pt;">The struggle of women in science is written in the stars. </span></b><em><span style="font-family: "Arial","sans-serif"; font-style: normal; mso-bidi-font-style: italic;"></span></em></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjplQIXYTyImyUiHZHqV4lxNlbjNDBoWp39EjZLGKrLLnvz2yMlIcxmxE1Uk2R9NXzXyILLoUbtvx8MBcSLqeEHAT3Bkz1UhR3wSOphNPwx0mpdUuU9qu8ieYxNAFG5YNmkqQJkN7qVa0k/s1600/women-scientists-diagram.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="425" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjplQIXYTyImyUiHZHqV4lxNlbjNDBoWp39EjZLGKrLLnvz2yMlIcxmxE1Uk2R9NXzXyILLoUbtvx8MBcSLqeEHAT3Bkz1UhR3wSOphNPwx0mpdUuU9qu8ieYxNAFG5YNmkqQJkN7qVa0k/s640/women-scientists-diagram.jpg" width="640" /></a></div>
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<em><span style="font-family: "Arial","sans-serif"; font-style: normal; mso-bidi-font-style: italic;">In her 1968 poem, Planetarium,
the poet Adrienne Rich wrestles with the crisis of female identity through the
lens of astronomy. Rich wrote the poem after learning about the case of
Caroline Herschel, an astronomer born in Germany in 1750 who discovered
eight comets and three nebulae, and drew praise from the King of Prussia and
London’s Royal Astronomical Society. Yet Caroline remained obscure compared
with her brother, William, who discovered the planet Uranus.</span></em></div>
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<em><span style="font-family: "Arial","sans-serif"; font-style: normal; mso-bidi-font-style: italic;">To this day, astronomy remains
one of the only scientific fields that relies so heavily on ancient Greek and
Roman mythology for its naming conventions. Cosmology and mythology have been
interwoven throughout human history, so it’s not surprising that modern-day
astronomers have inherited this tradition. But classical mythology is deeply
misogynistic, and using it to identify celestial bodies contributes to a
scientific culture that diminishes the achievements of women like Caroline. Male
deities and figures reign with nearly unlimited power, while their female
counterparts suffer violence and humiliation.</span></em></div>
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<span style="font-family: "Arial","sans-serif";">Among the
myths we have used to name and claim the heavens is Cassiopeia, a constellation
in the northern hemisphere. It is named for a mythical queen of Aethiopia, whom
Poseidon punished for her vanity by lashing her to her throne. Cassiopeia’s
daughter, Andromeda, was also made to suffer for her mother’s sins by being
chained naked to a rock, where she waited for the sea monster Cetus to rape
her. In the myth, Perseus saved Andromeda and took her as his wife, but as a
constellation, she still waits chained to her rock.</span></div>
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<br /></div>
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<span style="font-family: "Arial","sans-serif";">The Pleiades,
also known as the Seven Sisters, is a cluster of stars in the Taurus
constellation. The Seven Sisters were once women who danced together under the
night sky, but Orion desired them, so he hunted them for seven years. To help
the sisters escape, Zeus turned them all into stars – but Orion, another
constellation, still chases them night after night.</span></div>
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<span style="font-family: "Arial","sans-serif";">Male astronomers,
when they look at the sky, can find more uplifting role models. The
constellations named after men tell stories of heroism and conquest, not
submission and subjugation. Even today, NASA continues to recycle the names of
mythological figures and great men of history when naming spacecraft and
missions. Orion, a crewed spacecraft meant to facilitate travel to Mars, is
named for the same Orion that hunted the Seven Sisters. Kepler, Galileo,
Copernicus, and Cassini – names pulled from the scientific establishment that
excluded women like Caroline – are all unmanned spacecraft sent to explore the
cosmos. Even spacecraft with seemingly gender neutral names are coded male:
Voyager and Pioneer evoke the men who heroically left home and hearth on
voyages of exploration.</span></div>
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<span style="font-family: "Arial","sans-serif";">There are
exceptions. Sojourner, a Mars rover, was named after Sojourner Truth, the
escaped slave who became a women’s rights activist and abolitionist. But it’s
telling that this name was suggested by a 12-year-old girl in an essay contest,
rather than originating in the scientific establishment. ARTEMIS, a spacecraft
in orbit behind the Moon, is named for the Greek goddess of the hunt, virginity
and childbirth. Yet this too has gendered implications, since Artemis is
associated with purity and motherhood, two features of classical femininity.
Juno, an unmanned spacecraft, is currently observing the planet Jupiter; in
Roman mythology, she was Jupiter’s wife, and had the ability to see
through the clouds of mist that he used to conceal his infidelities. Juno
the spacecraft will attempt the same thing – and so even now, when we send a
female-named spacecraft to investigate the cosmos, the mission invokes a
domestic metaphor. (Alice Bowman, NASA’s Mission Operations Manager for the New
Horizons’ mission to study the outer edges of the solar system, is commonly
referred to as ‘MOM’.)</span></div>
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<em><span style="font-family: "Arial","sans-serif"; font-style: normal; mso-bidi-font-style: italic;">Today, the skies are still
filtered through this tradition of mythic misogyny. Naming
conventions for spacecraft and constellations are a subtle but significant way
that the discipline of astronomy perpetuates a male-dominated culture.
Simply giving more celestial bodies female names is not the
solution. Rather, change must begin with the recognition that astronomy’s
self-image is built upon an age-old habit of telling stories about the abuse of
women.</span></em></div>
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<em><span style="font-family: "Arial","sans-serif"; font-style: normal; mso-bidi-font-style: italic;"><span style="font-size: x-small;">Source: Aeon </span></span></em></div>
Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-25858111709764049432016-07-15T17:36:00.000+12:002016-07-15T17:36:18.800+12:00Womenomics<h2>
<b>Women 'still held back in workplace'</b></h2>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEis2F1BBo48Ryn6OR0b1gYxZSKo_XIW5LIWGGP9N6oanR2qavIaqeehLcCQxZSCeip7BRnSw8NA5MuldoEWuyjYOi4vla-nyVyH0Q7S9e3DNcUQXbzS5DzRREykurgDt0kIeuZ6lBh7XLE/s1600/shutterstock_1835772.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="433" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEis2F1BBo48Ryn6OR0b1gYxZSKo_XIW5LIWGGP9N6oanR2qavIaqeehLcCQxZSCeip7BRnSw8NA5MuldoEWuyjYOi4vla-nyVyH0Q7S9e3DNcUQXbzS5DzRREykurgDt0kIeuZ6lBh7XLE/s640/shutterstock_1835772.jpg" width="640" /></a></div>
<span style="font-family: Arial,Helvetica,sans-serif;">If you're a woman in New Zealand chances are you'll have a good education, but that won't neccessarily bring you better job opportunities. "Women are gaining qualifications at a greater rate than men but their skills are not being translated into greater opportunities," the report said.</span><br />
<span style="font-family: Arial,Helvetica,sans-serif;"><br /></span>
<span style="font-family: Arial,Helvetica,sans-serif;">"Division of labour still sees women doing the majority of unpaid domestic work, and in paid employment you've got gender diversion hierarchically across industries. The normal way that work is organised is a way that's set up fro men, not for women."</span><br />
<span style="font-family: Arial,Helvetica,sans-serif;"><br /></span>
<span style="font-family: Arial,Helvetica,sans-serif;">Educated women found it difficult to move up the career ladder when they were still expected to play a traditional role at home, Massey University management expert Dr Suze Wilson explained.</span><br />
<span style="font-family: Arial,Helvetica,sans-serif;"><br /></span>
<span style="font-family: Arial,Helvetica,sans-serif;">It was "trending down slowly," according to the report, with women getting a median of $21.23 to a man's $24.07.</span><br />
<span style="font-family: Arial,Helvetica,sans-serif;"><br /></span>
<span style="font-family: Arial,Helvetica,sans-serif;">"Blind recruiting" was an example of a method that could be used, Women's Minister Louise Upston said. "You imagine looking at CVs that don't have names, don't have ages, don't have 'married with three children' and applications stacked up by your skills and abilities, [the application] becomes free of bias."</span><br />
<br />
Source: The PressSheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-46547477942117485942016-07-15T17:26:00.000+12:002016-07-15T17:26:11.085+12:00Everyday Money<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><b>The gender pay gap persists almost everywhere</b></span></span> <br />
On average women earn 18% less than men, according to analysis by Korn
Ferry Hay Group, a consulting firm which looked at more than 8m
employees in 33 countries.<br />
<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2JYnELHcyOVUIF_cCwaQTPY6GxobQMyeMf8YM4L8PaasYUTu5v2HuV8SHsfln7X1MHMaiMz-vVKyWVXzOgNyKxDCT8cgMKPxS3Wjsvs-u5_fkhoYLgFfqBtK65xl_KYBkvtz-r1O8QyE/s1600/20160521_gdc401_1.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="568" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2JYnELHcyOVUIF_cCwaQTPY6GxobQMyeMf8YM4L8PaasYUTu5v2HuV8SHsfln7X1MHMaiMz-vVKyWVXzOgNyKxDCT8cgMKPxS3Wjsvs-u5_fkhoYLgFfqBtK65xl_KYBkvtz-r1O8QyE/s640/20160521_gdc401_1.png" width="640" /></a>In Britain, more than four decades after the equal pay act was
introduced, the headline difference between men and women’s pay is still
high.<br />
<br />
Women only make up around a third of senior management roles there.
Workers at the same level but in different companies still face an
average pay gap of over 9%.The United Arab Emirates, on the other
hand, has a reverse pay gap. Women at the same level, company and
function actually earn 2% more than their male counterparts. This is
partly because fewer women participate in the labour force, and those
that do tend to have higher levels of education.<br />
<br />
<span style="font-size: x-small;">Source: The Economist</span> Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-78327873935273959092016-07-15T17:13:00.001+12:002016-07-15T17:13:07.677+12:00Why?<h2>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmTkIdZU3qVTKx93UjKKGJo2gBBxpGnMg9eNkDj5EtxzL2fCW-4Bvfuxhu8xwXfJla4V4GPFJCYLksP3FJTF_Mo7Kq1UNL0rtY4IS8bELgB0syk9jXScRioT5Y16bBh3lazBp5UZxmWjs/s1600/160203124959-pink-tax-780x439.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmTkIdZU3qVTKx93UjKKGJo2gBBxpGnMg9eNkDj5EtxzL2fCW-4Bvfuxhu8xwXfJla4V4GPFJCYLksP3FJTF_Mo7Kq1UNL0rtY4IS8bELgB0syk9jXScRioT5Y16bBh3lazBp5UZxmWjs/s640/160203124959-pink-tax-780x439.jpg" width="640" /></a><span style="font-family: Arial,Helvetica,sans-serif;">'Pink tax' angers women from New York to London. </span></h2>
<span style="font-family: Arial,Helvetica,sans-serif;"> </span><span style="font-family: Arial,Helvetica,sans-serif;"> It's called the "pink tax." The same products have very different price tags, depending on which gender they are meant for. </span><br />
<br />
<span style="font-family: Arial,Helvetica,sans-serif;"> </span><div id="ie_column">
</div>
<span style="font-family: Arial,Helvetica,sans-serif;"> </span><span style="font-family: Arial,Helvetica,sans-serif;">
Take shampoos as an example. A recent study by the New York City
Department of Consumer Affairs found that haircare products for women
cost on average 48% more than the same items meant for men. </span><br />
<span style="font-family: Arial,Helvetica,sans-serif;"> </span><span style="font-family: Arial,Helvetica,sans-serif;"> It
found that female razors are 11% more expensive than men's. Jeans cost
10% more. Even toys marketed to little girls are 11% pricier compared to
those for boys. </span><br />
<br />
<span style="font-family: Arial,Helvetica,sans-serif;"> </span><span style="font-family: Arial,Helvetica,sans-serif;"> Women around the world are up in arms about the issue, accusing retailers of "sexist pricing." </span><br />
<br />
<span style="font-family: Arial,Helvetica,sans-serif;"> </span><span style="font-family: Arial,Helvetica,sans-serif;">
British pharmacy chain Boots was forced to cut prices of some items
this week after an online campaign called on the company to stop the
unfair pricing. </span><br />
<br />
<span style="font-family: Arial,Helvetica,sans-serif;"> </span><span style="font-family: Arial,Helvetica,sans-serif;"> The petition showed that identical
Boots-branded cream cost £9.99 ($14.50) for women and £7.29 ($10.60) for
men. The razors in question were priced at £2.29 ($3.30) for a package
of eight women's razors and £1.49 ($2.20) for a pack of 10 men's razors. </span><br />
<br />
<span style="font-family: Arial,Helvetica,sans-serif;">Source: CNN Money </span>Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-39935677701992748202016-07-15T17:06:00.000+12:002016-07-21T15:40:46.215+12:00Who's counting?<h2 class="MsoNormal">
<span style="font-size: large;"><span style="font-family: "arial" , "helvetica" , sans-serif;">6 Fascinating Mind Tricks That Help You Save Money</span></span><span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"></span></span></h2>
<br />
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</o:shapelayout></xml><![endif]--><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidBTKDSIqESUSQn4Q4D0s6eWS_8KGzs37jTKniT37osxhjOvlY7ntXyNzHwiODONnCmkDDStzWQIDrdv1Oga2PXe6SUF7Kk4pSgU46qED7QnYdV8SnhtdWtAeJyYZtEZc6Thol15Rt-S0/s1600/o-SAVE-MONEY-facebook.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidBTKDSIqESUSQn4Q4D0s6eWS_8KGzs37jTKniT37osxhjOvlY7ntXyNzHwiODONnCmkDDStzWQIDrdv1Oga2PXe6SUF7Kk4pSgU46qED7QnYdV8SnhtdWtAeJyYZtEZc6Thol15Rt-S0/s640/o-SAVE-MONEY-facebook.jpg" width="640" /></a><b><span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;">Psych
Yourself Rich</span></b><span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;"> </span>
<br />
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<span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;">Putting
money aside seems pretty straightforward. But, seeing as the
average personal-savings rate is just 5.7 percent (compared to 11
percent two decades ago), it’s definitely easier said than done. “We like to
think of ourselves as rational when it comes to finances, but our decisions are
shaped by psychological and emotional triggers,” says financial behaviorist
Jacquette M. Timmons.<b> </b></span></div>
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<br /></div>
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<b><span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;">Focus on
Why You Want to Save — Not Just How</span></b><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"></span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;">If you
want to sock away more cash, coming up with specific ways to accomplish your
goal sounds like a smart idea, right? But a study published in the Journal of
Consumer Research counteracts that notion. It found that people who honed in on
the reasons <i>why</i> they wanted to put aside money (so you’ll be able to go
on that safari you’ve always dreamed of, afford to buy your own home or retire
comfortably) saved more than participants who concentrated on developing
specific techniques for how they’d cut back — say, by going shopping less
often.<b> </b></span></div>
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<br /></div>
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<b><span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;">Harness
Your Power</span></b><span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;"> </span><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"></span></div>
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<span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;">The more
powerful you feel before making a financial decision, the more money you’ll
stash, according to research from Stanford University. Before sitting down with
your financial advisor or heading on a shopping trip, think back to a time in
your life when you felt on top of the world. Maybe you successfully asked for a
raise, scored a promotion or even spoke up about an issue important to you.
“People who feel powerful use saving money as a means to maintain their current
state of power,” concluded the study authors.<b> </b></span></div>
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<br /></div>
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<b><span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;">Put It In
Writing</span></b><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"></span></div>
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<span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;">Here’s
one tiny tweak that can make a huge difference in whether or not you achieve
savings success: Rather than just thinking about your savings goals, jot them
down. Research from Gail Matthews, PhD, of Dominican University found that
people who wrote down their goals were significantly more successful at
achieving them than those who simply pondered them. Sixty-one percent of the
“writers” accomplished their objectives, compared to only 43 percent of the
“thinkers.”<b> </b></span></div>
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<b><span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;">Make
Saving Pleasurable (Seriously!)</span></b><span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;"> </span><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"></span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;">Cutting
back, spending less, being frugal…yeah, doesn’t sound like a heck of a lot of
fun, does it? “We associate saving money with feelings of deprivation, with
having to pass up things that we love,” explains Timmons. “And that doesn’t
give us much impetus to follow through.”</span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;">So,
try to make the blah process as enjoyable as possible and you’ll be galvanized
to stash more cash. Begin by creating a monthly ritual for evaluating your
savings that you might actually look forward to. Slip into cozy slippers, light
a few candles and pour yourself a cup of tea for example. While we’re at it,
try to go through your investments at the same time and place — say, the last
Sunday of the month at your kitchen table — rather than doing it on the fly.<b> </b></span><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"></span></div>
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<br /></div>
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<b><span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;">Plan a
Money Date</span></b><span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;"> </span><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"></span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "arial" , "sans-serif"; font-size: 12.0pt;">It’s
temptingly easy to put off your savings goals when you only have yourself to
answer to. But Matthews’ research shows that people are much more likely
to follow through if there’s someone else holding them accountable: A whopping
76 percent of study participants who submitted weekly progress reports to a
supportive friend were successful.</span><span style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Source:
Daily Worth </span><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"></span></div>
<br />Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-49822258602472948212016-07-15T16:19:00.000+12:002016-07-21T15:43:03.013+12:00Finance & Investments<div class="MsoNormal">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdEgbbZe8nYRDd1U8eZ9V0Uf33RqjXuXfSJE93ixbPQojmjWk02u8EbcIguv6e2XctRJEbwrL9-_ymnKVDLSqj-3d3rAd6NX1Y8VPU94NQKnll6F5ccF0U6pSKTt2oF_Epula6s8kpkps/s1600/myths-and-facts.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdEgbbZe8nYRDd1U8eZ9V0Uf33RqjXuXfSJE93ixbPQojmjWk02u8EbcIguv6e2XctRJEbwrL9-_ymnKVDLSqj-3d3rAd6NX1Y8VPU94NQKnll6F5ccF0U6pSKTt2oF_Epula6s8kpkps/s640/myths-and-facts.jpg" width="640" /></a></div>
<a href="https://www.blogger.com/null" name="OLE_LINK5"></a><a href="https://www.blogger.com/null" name="OLE_LINK4"></a><span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Here are three common
myths about women and money — happily debunked. </span></span></div>
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<div class="MsoNormal">
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>The Stereotype: Women Are More
Risk Averse</b></span></span></div>
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">
</span></span><br />
<div class="MsoNormal">
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Many
studies have found statistically significant differences in how men and women
view risk. But economists and pundits have a habit of extrapolating those
findings into the broad-brush statement that "women are more risk averse
than men."</span></span></div>
<div class="MsoNormal">
<br /></div>
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">
</span></span><br />
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<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Clearly,
this isn't universally true. As economist Julie Nelson pointed out, "just
one example of a cautious man and a bold woman disproves it."</span></span></div>
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<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">
</span></span><br />
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<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>The Reality: Some Women Are Big Risk-Takers</b></span></span></div>
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<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br />
At least one group of women seem to be greater risk-takers than their peers:
those who earn more than $200,000.</span></span></div>
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<br /></div>
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">
</span></span><br />
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<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">A
recent Spectrem Group survey of about 400 high-earning women found more than
half (54 percent) said they were willing to take a significant risk to earn a
higher return on their portfolios. Compare that to just one-third (32 percent)
of all other affluent investors who said the same thing. The high-earning women
were also more likely to own higher-risk investments, including commodities,
hedge funds, and venture capital, than their affluent peers.</span></span></div>
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<br /></div>
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">
</span></span><br />
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<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>The Stereotype: Women
Are Less Knowledgeable About Investing</b></span></span></div>
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">
</span></span><br />
<div class="MsoNormal">
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Numerous
studies have shown that women tend to be less financially knowledgeable than
men (although financial literacy in both sexes is abysmally low, both in the
U.S. and abroad). Women are also more likely than men to say they're ignorant
about finances.</span></span></div>
<div class="MsoNormal">
<br /></div>
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">
</span></span><br />
<div class="MsoNormal">
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">But
many women may know more than they think. In one study of financial literacy in
eight countries, women were less likely to correctly answer a question about
diversification</span></span></div>
<div class="MsoNormal">
<br /></div>
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">
</span></span><br />
<div class="MsoNormal">
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>The Reality: Some Women Know a Lot</b><br />
High-income women once again buck the trend. Spectrem's study found 75 percent
said that they were very or fairly knowledgeable about financial products or
investments, compared to 68 percent of all other affluent investors.</span></span></div>
<div class="MsoNormal">
<br /></div>
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">
</span></span><br />
<div class="MsoNormal">
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>The Stereotype: Women
Are Less Interested in Investing</b></span></span></div>
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">
</span></span><br />
<div class="MsoNormal">
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">If
you buy the notion that women are scared of risk and lack confidence in their
financial knowledge, it makes sense that we would be less likely than men to be
actively engaged in investing and more likely to hand off those
responsibilities to someone else.</span></span></div>
<div class="MsoNormal">
<br /></div>
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;">
</span></span><br />
<div class="MsoNormal">
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>The Reality: Some Women Are More Hands-On</b><br />
The gap disappears when high-income women are compared to their peers: 43
percent of the women in Spectrem's study said they enjoyed investing and liked
to be actively involved in the day-to-day management of their finances. That
compared to 38 percent of other affluent investors who said they enjoyed
investing and 42 percent who wanted to stay involved day to day.</span></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: xx-small;">Source: Dailyworth</span> </span></span></div>
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</o:shapelayout></xml><![endif]-->Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-9222495290559966312016-07-15T16:00:00.000+12:002016-07-15T16:20:35.934+12:00Musings & Amusings<h2>
Unclouded vision</h2>
<h3>
Forecasting is a talent. Luckily it can be learned.</h3>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw7PA7jf6g7_0OPFCPTBz8f87od9j4jJpxh_sw8pc4YCjfO9DiFTnDzlEhhniEqthFxSBOOadmK-XJftlVCqVT8IjbihBaKB7qp7Tf5cpJ6rzShW9sBWeQCQ8Y3emllx0QPQ6Ny7fvDSQ/s1600/Vision.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="496" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw7PA7jf6g7_0OPFCPTBz8f87od9j4jJpxh_sw8pc4YCjfO9DiFTnDzlEhhniEqthFxSBOOadmK-XJftlVCqVT8IjbihBaKB7qp7Tf5cpJ6rzShW9sBWeQCQ8Y3emllx0QPQ6Ny7fvDSQ/s640/Vision.jpg" width="640" /></a>Human beings cannot resist trying to scry the future. If soothsaying is not the oldest profession, it is certainly one of them.<br />
<br />
The Chinese had the I-Ching; the Romans peered at the entrails of sacrificed animals. These days, anyone wanting to know what the future holds can consult everything from telephone psychics to intelligence agencies, bookies, futures markets and media pundits. Their record is far from perfect. But it is difficult to say just how imperfect: for all the importance people attach to forecasting, hardly anyone bothers to keep score.<br />
<br />
Superforecasters are clever, on average, but by no means geniuses. More important than sheer intelligence was mental attitude. Borrowing from Sir Isaiah Berlin, a Latvian-born British philosopher, Mr Tetlock divides people into two categories: hedgehogs, whose understanding of the world depends on one or two big ideas, and foxes, who think the world is too complicated to boil down into a single slogan. Superforecasters are drawn exclusively from the ranks of the foxes.<br />
<br />
Humility in the face of a complex world makes superforecasters subtle thinkers. They tend to be comfortable with numbers and statistical concepts such as “regression to the mean” (which essentially says that most of the time things are pretty normal, so any large deviation is likely to be followed by a shift back towards normality).<br />
<br />
But superforecasters do have a healthy appetite for information, a willingness to revisit their predictions in light of new data, and the ability to synthesise material from sources with very different outlooks on the world. They think in fine gradations.<br />
<br />
Most important is what Mr Tetlock calls a “growth mindset”: a mix of determination, self-reflection and willingness to learn from one’s mistakes. The best forecasters were less interested in whether they were right or wrong than in why they were right or wrong. They were always looking for ways to improve their performance. In other words, prediction is not only possible, it is teachable.<br />
<br />
Talk of growth mindsets, statistical fluency and a complicated world may sound dry and technical. It is not. Mr Tetlock’s thesis is that politics and human affairs are not inscrutable mysteries. Instead, they are a bit like weather forecasting, where short-term predictions are possible and reasonably accurate.<br />
<br />
Source: The Economist Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-61955634213952368482016-02-20T15:43:00.000+13:002016-02-20T15:43:34.315+13:00Why?<br />
<h2 class="MsoNormal">
Sabotaging Yourself Without Knowing It</h2>
<div class="MsoNormal">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpItFZh6igh_6Gs8fHOMmYlEVGxGuqYiqyq8dl65fOB4_C-QGqMebjj2IYB57NVJcxEfaIdGepkuyTEeY1T5KLx72n-H3HJpL5q35zkHb-fjGrj6Ih8WroD8Vyo3Um4RNK1XNkNnTj7kY/s1600/sabotage.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpItFZh6igh_6Gs8fHOMmYlEVGxGuqYiqyq8dl65fOB4_C-QGqMebjj2IYB57NVJcxEfaIdGepkuyTEeY1T5KLx72n-H3HJpL5q35zkHb-fjGrj6Ih8WroD8Vyo3Um4RNK1XNkNnTj7kY/s1600/sabotage.jpg" /></a><b>Change Your Mindset</b></div>
<div class="MsoNormal">
Putting yourself down directly is the most destructive
negative mental habit people have, This habit is hard to break, <span style="mso-spacerun: yes;"> </span>because negative self-talk evolves into an
automatic impulse for many. Women in particular get into the habit of downplaying
our accomplishments to others (and ourselves), becoming overly self-effacing.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b>Doubting Yourself </b></div>
<div class="MsoNormal">
When you lack self-confidence, you end up doubting your
potential and your abilities. This may stop you from applying for a job, asking
for a (deserved) raise or taking on more responsibility at work.</div>
<div class="MsoNormal">
Try to turn your doubts into opportunities for teachable
moments. Accomplishing tasks that feel daunting will eventually boost your
confidence.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b>Comparing Yourself to Others</b></div>
<div class="MsoNormal">
Whenever we judge other people we submerge ourselves in a
toxic pool of false assumptions and negativity.</div>
<div class="MsoNormal">
Remember that what you see from the outside is likely never
the full picture into someone else's life. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b>Decision-Making Out of Fear</b></div>
<div class="MsoNormal">
Fear is hard-wired into our central nervous system and in
many ways serves us well. Fear can also paralyse us into playing it too safe —
to the point that we might miss out on opportunities to accomplish our dreams
(or even our short-term goals).</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
To reframe your decision-making process, zero in on what's
keeping you from taking a leap in life, whether career-wise or personally.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b>Feeling Isolated</b></div>
<div class="MsoNormal">
Be wary of spending too much time on your computer, in chat
rooms and so on. Make sure you schedule some time with a friend at least once a
week. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Source: Dailyworth</div>
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<![endif]-->Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-22186701828655651422016-02-20T15:32:00.003+13:002016-02-20T15:32:55.996+13:00Womenomics<h2>
Global Financial Literacy</h2>
<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPP0PfeEG2T7dPV2DTvHX54VhLei5JagRbMG8OQHolzalkht1QrKUJyHXKqyFj4gpAqUj-SUcgl2wCU3JuJva2wGdut-zgRO3I2zIMOs_oSIWputXnHLFDVUSk0DRs1cYJthX2HJcRQC0/s1600/20151128_woc564_7.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="560" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPP0PfeEG2T7dPV2DTvHX54VhLei5JagRbMG8OQHolzalkht1QrKUJyHXKqyFj4gpAqUj-SUcgl2wCU3JuJva2wGdut-zgRO3I2zIMOs_oSIWputXnHLFDVUSk0DRs1cYJthX2HJcRQC0/s640/20151128_woc564_7.png" width="640" /></a>Suppose you put $100 in a savings account that earns 10% interest
each year. After five years how much will you have? That was a question
posed in a multiple-choice quiz (completed
by 150,000 people in 144 countries) by Standard & Poor’s, a rating
agency. The answers proferred were "less than $150", "exactly $150" and
"more than $150". The intention was to test whether respondents
understood compound interest, in addition to basic mathematics. Alas,
not that many did: just one-third of them answered three out of five
similar multiple-choice questions correctly. Scandinavians are the most
financially literate: 70% were able to answer three questions correctly;
the corresponding figure for Angolans and Albanians was 15%. While
education plays a large role in determining financial literacy, the link
with GDP per person is remarkably strong, too (see chart).<br />
<br />
Previous research
has shown that it can be difficult to drum in financial know-how at a
young age. Instead, it is gained through experience. In developed
countries, knowledge follows a U-shaped curve, with middle-aged adults
performing better in financial-literacy surveys than both the young and
the old (who, through a combination of cognitive impairment and less
education, do worse). In developing countries, financial literacy is
better among the young, who have typically received more schooling.<br />
The
survey, the largest of its kind, demonstrates a striking gender divide
in financial literacy. In 93 countries, the gap in correct
answers between men and women was more than five percentage points. In
Canada, 77% of men answered three questions correctly; the corresponding
figure for women was just 60%. Women's lack of knowledge might well be
explained by the deferring of financial decision-making to their
husbands. But worryingly, the gender gap persists among well-educated
single women too. When it comes to financial decision-making, many
countries appear to be stuck in a 1960s time warp.<br />
<br />
Source: The Economist<br />
Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-80442331892111679282016-02-20T15:29:00.005+13:002016-02-20T15:29:54.543+13:00Musings & Amusings<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9ngD3gZzdornxvallWMwBYf92yQUVOoLPDxP04vrxf4q60dDNiIq29wOI5e8pgzYuN7x0BFO9K0PjJXTKzYFD1cic8xo9J9TKUTmklZQVvYCftZ78z9iGsuDtGWz8YyEg22a2wh43xKQ/s1600/Lucy.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9ngD3gZzdornxvallWMwBYf92yQUVOoLPDxP04vrxf4q60dDNiIq29wOI5e8pgzYuN7x0BFO9K0PjJXTKzYFD1cic8xo9J9TKUTmklZQVvYCftZ78z9iGsuDtGWz8YyEg22a2wh43xKQ/s320/Lucy.jpg" /></a>Can’t say I was a fan of Leaning In so loved Lucy Kellaway’s comments (didn’t read the whole book I confess):<br />
<br />
Stop leaning in at once. It isn’t a comfortable position to adopt, and I’m not at all surprised to hear that after 18 months you are suffering in body and soul.
Forget Sheryl Sandberg and try my three easy rules for leaning out which I have been perfecting for the past quarter of a century.<br />
<br />
1. Never ever go to any evening events for work unless you think they would be a) enjoyable, b) useful in a specific way, or c) not going would do you harm. In my experience so few things fall into any of the categories; it means only turning up to things once or twice a year. This has the advantage that when you do present yourself you are such a novelty that everyone will want to talk to you. It’s called scarcity value. Choke off the supply of yourself, and watch the price go up.<br />
<br />
2. Try to work out what you are measured on. If you are a fund manager, presumably you are measured on whether you make any money for your clients. This isn’t directly related to the amount of time you spend, so do it as well as you can — and then go home.<br />
<br />
3. Stop caring quite so much. That doesn’t mean performing worse, it means worrying less. This is one of the main advantages of having children. They are a reminder that work only matters up to a point. Most mothers get this wrong by feeling full of guilt — when they are in one sphere they look over their shoulders worrying about what they aren’t doing in the other.<br />
<br />
Source: Financial TimesSheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-71262270357045074622016-02-20T15:22:00.001+13:002016-02-20T15:23:28.382+13:00Everyday Money<br />
<div class="MsoNormal">
Setting Aside Shame and Blame in Financial Decisions</div>
<div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnSLllRpuJpjuaYTPB5FP2LsIkD5Dpjtm6xGlfu4e2STZzVUngboHXApkg9vnuJAbpzH_c81HCwIpKu1DmDQMU3iqMJcW1S5RV2UncoYepnAEx3JamM88lN1CkbgfI1NUAUQoLh-jqxvE/s1600/012615bucks-carl-sketch-master675.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="426" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnSLllRpuJpjuaYTPB5FP2LsIkD5Dpjtm6xGlfu4e2STZzVUngboHXApkg9vnuJAbpzH_c81HCwIpKu1DmDQMU3iqMJcW1S5RV2UncoYepnAEx3JamM88lN1CkbgfI1NUAUQoLh-jqxvE/s640/012615bucks-carl-sketch-master675.jpg" width="640" /></a></div>
<div class="MsoNormal">
Shame fails at changing behaviour, it can also trigger the
very mistakes we’re trying to avoid. Shame is something we internalise, and we
capture it with a statement like, “I’m a bad person.” With guilt, we focus on
the action and say, “I made a mistake. That’s really dumb.” In other words, we
make shame about us, but guilt is about the event.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" data-para-count="473" data-total-count="2895" id="story-continues-4" itemprop="articleBody">
Think about the last money
conversation you may have had with a spouse or partner. Imagine there was a financial
“event,” and with the benefit of hindsight, you label that event a mistake.
What happens next has probably happened to all of us at least once. One or both
of you may have shamed and blamed the other for the mistake. One couple I know
experienced such an event, and I have watched them shame and blame each other
for the last decade. </div>
<div class="MsoNormal" data-para-count="473" data-total-count="2895" id="story-continues-4" itemprop="articleBody">
<br /></div>
<div class="MsoNormal">
So to help you stick to the rule, I want you grab a hat and
a Sharpie. No, really. Grab an actual hat and a Sharpie. Maybe one of those
trucker hats with an oversize crown. Then, across the front, write, “No shame.
No blame.” Every time you talk about money, wear your hat.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Source: NY Times </div>
Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-14186438256254694342016-02-20T15:17:00.000+13:002016-02-20T15:23:50.488+13:00Who's Counting?<h2 class="MsoNormal">
<span style="mso-fareast-language: EN-NZ;">8 Ways Women's
Lives Have Changed For The Better Since 2005</span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-language: EN-NZ;"></span></h2>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0oS2Vd5DUB99Ku78aBiPg8TdbwW1Z_K0GXGzutC_xBw0tBs8VtbPJzvsSqODct7nTVPx997XCeUgDm130y0Bfn_f6QioRMzxIvff-9SkA-dURWHgFB7MDymo6loHkUb_MN63tdZA5b8I/s1600/03-02-12-Studio-Portrait-of-a-Mixed-Age-Multiethnic-Large-Group-of-Happy-Women-Wearing-White-Tops-466x350.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="480" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0oS2Vd5DUB99Ku78aBiPg8TdbwW1Z_K0GXGzutC_xBw0tBs8VtbPJzvsSqODct7nTVPx997XCeUgDm130y0Bfn_f6QioRMzxIvff-9SkA-dURWHgFB7MDymo6loHkUb_MN63tdZA5b8I/s640/03-02-12-Studio-Portrait-of-a-Mixed-Age-Multiethnic-Large-Group-of-Happy-Women-Wearing-White-Tops-466x350.jpg" width="640" /></a></div>
<ol>
<li><strong><span style="font-family: "Calibri","sans-serif"; font-size: 13.5pt; font-weight: normal; line-height: 115%; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;"></span></strong><strong><span style="font-family: "Calibri","sans-serif"; font-size: 13.5pt; font-weight: normal; line-height: 115%; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;">More women have access to higher
quality health care.</span></strong></li>
<li><strong><span style="font-family: "Calibri","sans-serif"; font-size: 13.5pt; font-weight: normal; line-height: 115%; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;">Women's representation in politics is higher
than it's ever been.</span></strong><strong><span style="font-size: 12.0pt; font-weight: normal; line-height: 115%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-NZ;"></span></strong></li>
<li><strong><span style="font-family: "Calibri","sans-serif"; font-size: 13.5pt; font-weight: normal; line-height: 115%; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;">Same sex marriage is legal</span></strong><strong><span style="font-size: 12.0pt; font-weight: normal; line-height: 115%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-NZ;"></span></strong></li>
<li><strong><span style="font-family: "Calibri","sans-serif"; font-size: 13.5pt; font-weight: normal; line-height: 115%; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;">Women’s equality in the workplace
has improved – along with our ability to fight for it.</span></strong><strong><span style="font-size: 12.0pt; font-weight: normal; line-height: 115%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-NZ;"></span></strong></li>
<li><strong><span style="font-family: "Calibri","sans-serif"; font-size: 13.5pt; font-weight: normal; line-height: 115%; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;">The entertainment industry
finally started to recognise that women are consumers of pop culture, want to
see our experiences represented, and are pretty good at telling those stories
for ourselves.</span></strong><strong><span style="font-size: 12.0pt; font-weight: normal; line-height: 115%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-NZ;"></span></strong></li>
<li><strong><span style="font-family: "Calibri","sans-serif"; font-size: 13.5pt; font-weight: normal; line-height: 115%; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;">Young, single women caught up to
their male peers in some professions.</span></strong><strong><span style="font-size: 12.0pt; font-weight: normal; line-height: 115%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-NZ;"></span></strong></li>
<li><strong><span style="font-family: "Calibri","sans-serif"; font-size: 13.5pt; font-weight: normal; line-height: 115%; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;">We see more and more women at the
top of their fields, actively paving the way for the next generation.</span></strong><strong><span style="font-size: 12.0pt; font-weight: normal; line-height: 115%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-NZ;"></span></strong></li>
<li><strong><span style="font-family: "Calibri","sans-serif"; font-size: 13.5pt; font-weight: normal; line-height: 115%; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;">Women's voices and experiences
are better represented in the media - especially online - bringing new weight
to the term "lady blog."</span></strong><strong><span style="font-size: 12.0pt; font-weight: normal; line-height: 115%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-NZ;"></span></strong></li>
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<![endif]-->Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-20596182015362571532016-02-19T17:33:00.001+13:002016-02-19T17:45:57.201+13:00Finance & Investments<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhss1ApVRdmqsBLAFJaj55dRV5_7XYYM_A5d-5Yho2Mt_v3cq7rEKO39XeJD-Pu6Oi-Hbj1WzeKhuYreswi7Y8gonJ0bGhgk0w_AoIWzGRscOwRHXNO-48885emmIfhibqCpDTnkWBjS4/s1600/financialplanning.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="288" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhss1ApVRdmqsBLAFJaj55dRV5_7XYYM_A5d-5Yho2Mt_v3cq7rEKO39XeJD-Pu6Oi-Hbj1WzeKhuYreswi7Y8gonJ0bGhgk0w_AoIWzGRscOwRHXNO-48885emmIfhibqCpDTnkWBjS4/s640/financialplanning.jpg" width="640" /></a></div>
The key component of personal finance is financial planning, which is a dynamic process that requires regular monitoring and reevaluation. In general, it involves five steps:<br />
<br />
<b>1. Assessment</b>: A person's financial situation is assessed by compiling simplified versions of financial statements including balance sheets and income statements. A personal balance sheet lists the values of personal assets (e.g., car, house, clothes, stocks, bank account), along with personal liabilities (e.g., credit card debt, bank loan, mortgage). A personal income statement lists personal income and expenses.<br />
<b>2. Goal setting:</b> Having multiple goals is common, including a mix of short- and long-term goals. For example, a long-term goal would be to "retire at age 65 with a personal net worth of $1,000,000," while a short-term goal would be to "save up for a new computer in the next month." Setting financial goals helps to direct financial planning. Goal setting is done with an objective to meet specific financial requirements.<br />
<b>3. Plan creation: </b>The financial plan details how to accomplish the goals. It could include, for example, reducing unnecessary expenses, increasing the employment income, or investing in the stock market.<br />
<b>4. Execution:</b> Execution of a financial plan often requires discipline and perseverance. Many people obtain assistance from professionals such as accountants, financial planners, investment advisers, and lawyers.<br />
<b>5. Monitoring and reassessment:</b> As time passes, the financial plan is monitored for possible adjustments or reassessments.<br />
<br />
<b>Areas of focus</b><br />
The six key areas of personal financial planning are:<br />
1. Financial position<br />
2. Adequate protection<br />
3. Tax planning<br />
4. Investment and accumulation goals<br />
5. Retirement planning<br />
6. Estate planning<br />
<br />
Yes, I know I’ve written about this before but it is always worth repeating. More on this topic in “Girls Just Want to Have Fund$,” “Money, Money, Money Ain’t it Funny” and “Smart Money” available now as ebooks.
Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-73842841848039008622016-02-19T17:27:00.000+13:002016-02-19T17:27:03.747+13:00Who's Counting?<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-3uJTqtnjrmC9PlaVYHrO0KIQMuXPoGqlwU4KHCxDR-JK92lhaEh6fdz7ACGkspVPq80VoF2P1L8htZ38J7yU7p0pXR_vDN-vvhfH4tmmhJ9bre97IVL2klu-OjGMSeh8GIz-LlGXby8/s1600/fatherhood-youre-doing-it-right-15-guys-that-get-it.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="427" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-3uJTqtnjrmC9PlaVYHrO0KIQMuXPoGqlwU4KHCxDR-JK92lhaEh6fdz7ACGkspVPq80VoF2P1L8htZ38J7yU7p0pXR_vDN-vvhfH4tmmhJ9bre97IVL2klu-OjGMSeh8GIz-LlGXby8/s640/fatherhood-youre-doing-it-right-15-guys-that-get-it.jpg" width="640" /></a></div>
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<b>Why Swedish men take so much paternity leave</b></div>
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ALONG with its Nordic neighbours, Sweden features near the
top of most gender-equality rankings. The World Economic Forum rates it as
having one of the narrowest gender gaps in the world. But Sweden is not only a good
place to be a woman: it also appears to be an idyll for new dads. Close to 90%
of Swedish fathers take paternity leave.</div>
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Forty years ago Sweden became the
first country in the world to introduce a gender-neutral paid parental-leave
allowance. But the policy was hardly a hit with dads: in the scheme's first
year men took only 0.5% of all paid parental leave. Today they take a quarter
of it. One reason is that the scheme has become more generous, with the number
of paid leave days for the first child being bumped up from 180 to 480. But it
has also been tweaked to encourage a more equal sharing of the allowance. In
1995 the first so-called "daddy month" was introduced. Under this
reform, families in which each parent took at least one month of leave received
an additional month to add to their total allowance. The policy was expanded in
2002 so that if the mother and father each took at least two months' leave, the
family would get two extra months. Policies similar to the Swedish "daddy
months" have been introduced in other countries. Germany amended its
parental-leave scheme in 2007 along Swedish lines.</div>
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Since Swedish men started to take
more responsibility for child rearing, women have seen both their incomes and
levels of self-reported happiness increase. Paying dads to change nappies and
hang out at playgrounds, in other words, seems to benefit the whole family.<br />
<br />
Source: The Economist </div>
Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0tag:blogger.com,1999:blog-3467966428295868666.post-43614763689329796052016-02-19T17:26:00.000+13:002016-02-19T17:26:02.876+13:00Why?<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-NZ;"><b>Club rules keep women out of the network</b> </span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-NZ;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEht3aVucB_KA-1hnDLNB3hX69aCwxhyzcyCQOKdW7ogFeUIMGHGZBZpAnk8JEbLHyXNVge-Ec0ZHvc-IhtPTDW7kWFxpub2rI05CSf4BZP1jXgrrLOBy3cFnSX32u89LM2q3dcsnRZ5TPc/s1600/No-Women-Allowed.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEht3aVucB_KA-1hnDLNB3hX69aCwxhyzcyCQOKdW7ogFeUIMGHGZBZpAnk8JEbLHyXNVge-Ec0ZHvc-IhtPTDW7kWFxpub2rI05CSf4BZP1jXgrrLOBy3cFnSX32u89LM2q3dcsnRZ5TPc/s1600/No-Women-Allowed.jpg" /></a><span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-NZ;">A week ago Lady Judge, the newly appointed chairman
of the Institute of Directors, held an unusual party. </span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-NZ;">The room at the London club’s grand headquarters in
Pall Mall was filled with the great and the good(ish): over champagne and
canapés, the UK home secretary and the head of the Royal Mail hobnobbed with a
former Lord Mayor of London and other senior figures in business and politics.
Nothing out of the ordinary, one might think. London’s establishment loves to
get together, and gatherings such as this do much to oil the wheels of power. </span></div>
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<br /></div>
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<span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt;">But what was almost unprecedented for an
occasion of this sort was that the room was entirely full of women.</span></div>
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<br /></div>
<div class="MsoNormal" style="line-height: normal;">
<span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-NZ;">Those at the
Garrick Club opposed to women members have come up with a range of explanations
for why they do not want to share their space, some more feeble than others.
Among the lamest is the excuse put forward by several that the Garrick provides
a welcome respite for men who otherwise could not resist showing off to impress
women — “an innate male characteristic”, as one told The Independent, “whether
you are a bird or an animal”. Pity the men who are forced to exhaust themselves
with such displays.</span></div>
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<br /></div>
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</div>
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<span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt;">Source: Financial Times</span></div>
Sheryl Sutherlandhttp://www.blogger.com/profile/03085557931657865430noreply@blogger.com0