Welcome Finance Case Study
Investopedia describes finance as the science of managing, creating, and studying money, banking, credit, investments, assets, and liabilities. Firstly, welcome finance is a study of finance and financial instruments, which are related to countless assets and liabilities, including public finance, corporate finance, and personal finance.
In the opinion of Investopedia
Investopedia describes finance as the science of managing, creating, and studying money, banking, credit, investments, assets, and liabilities. Firstly, welcome finance is a study of finance and financial instruments, which are related to countless assets and liabilities, including public finance, corporate finance, and personal finance.
A MoneyBrain editor
I would like to go into a bit more detail about this concept of financial freedom. Matthew Kent, Editor of MoneyBrain, The Paperless Journal, and The Pen and the Sword, recently wrote an article I found interesting. The experience has been eye-opening. In his opinion, money can buy a lot of things, but the greatest thing it can buy is freedom. People today live in what can only be described as financial slavery: their homes are owned by the bank! It is the dealership that owns the car! A significant portion of their future income is owned by credit card companies and student loan providers! Five days a week, their boss owns every hour between 9 am and 5 pm!
The Goodmans, Ellen
One of the best observations on the futility of the rat race comes from Pulitzer Prize winner and acclaimed journalist Ellen Goodman: Normal is getting dressed in clothes you bought for work, driving through traffic in a car you are still paying for, on your way to a job you need so you can pay for the clothes, car, and house you leave empty all day to afford to live there. The only thing life has to offer is this? The world must have something better to offer. In light of this, Matthew asks: What if we owned everything we owned free and clear? Suppose we had enough income outside of our job to make it a choice rather than a burden! Could we live without working if we had enough income? Financial Independence (FI) or FIRE (Financial Independence, Retire Early) are the terms used in the online world to describe this! Being a finance executive, professional, or advisor should make us a core practitioner of this thought process more than anyone else.
As a result of global financial turmoil
Since the global financial crisis of 2008 and the ensuing recession, how we manage our finances has become quite important. In 2008, the subprime crisis was caused by financial engineering and the process of securitization, which few understood! During the year 2015, countries like Saudi Arabia, Kuwait, Venezuela, etc. Faced declining oil revenues due to a crash in commodity prices. They searched for new avenues for raising finance in order to conserve their dwindling foreign exchange reserves and maintain their living standards. Tourism and opening up their conservative societies (particularly, the gulf countries) were discussed!
The year 2015 was no different
For the first time in history, 2015 saw negative interest rates in Asia, starting in Japan and extending across Europe. Sweden’s Central Bank used this unconventional monetary policy tool for the first time in July 2009. Therefore, one should not expect to receive any interest from the bank for keeping money with them; rather, in reverse, one should pay them. In addition, borrowers receive interest on their loans!
In light of such markers,
Due to the widespread adoption of such markers for cashless payments, there is a risk of fraudulent use of biometrics. It is possible to change a PIN that has been revealed, but it is not possible to change one’s fingerprint. In addition to the Paper-less Layer, the Cash-less Layer provides a single interface to all national banks and online wallets, and the Consent Layer ensures security and control over personal information.
Despite the above, the finance sector is welcomed
This is a microcosm of the disruptions happening in welcome finance, and it calls for a clear understanding of welcome finance as an enabler, creator, and conservator of wealth! For students of finance, this makes it an unavoidable mind-opener that makes it interesting to study. Fortunately, the Alliance School of Business at Alliance University and its constituent higher education institution, Alliance Ascent College, have adequately met this challenge!
Investopedia describes finance as the science of managing, creating, and studying money, banking, credit, investments, assets, and liabilities. Firstly, welcome finance is a study of finance and financial instruments, which are related to countless assets and liabilities, including public finance, corporate finance, and personal finance. In the opinion of Investopedia Investopedia describes finance as the science…