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Over the past year, it has never been easier to find something new to watch on TV. Despite so much fresh content, there is a growing trend for people to rewatch old series.
Data backs up the anecdotal evidence that 2020 (during the pandemic) was the year of the rewatch. The most streamed programme in the US was the American version of The Office.
Streaming services are competing over the rights to add classic TV shows to their libraries. NBCUniversal committed to paying $500 million for exclusive rights to stream The Office for five years. WarnerMedia picked up Friends for $425 million for five years. Netflix paid $500 million for a five-year lease of Seinfeld.
Similarly, in the audio world, there is a rise in the "rewatch podcast." Name a TV hit, and there is probably an accompanying podcast taking a trip down memory lane.
Blockchain technology is fundamentally bigger than crypto or even the internet as we know it.
It offers radical transparency, zero run-time and breakthrough tech innovations to revolutionize many areas of life such as finance, insurance, transportation, personal identification, healthcare etc.
Personal finance is about managing your own money - how much you spend, save, get into debt, and invest.
How you manage your money will depend on your age, education, ambition, family, and country of residence. While this guide will give you enough input to work out a strategy, you should always consider your own personal situation.
Consider where you find yourself as each phase requires a different strategy.
Three accounts make it easier to get a grip on your finances.
The rule is to pay your fixed costs first, then wire cash to your savings account. Spend what's left in your checking account.
Debt is a liability unless you use it to finance income-generating assets. Don't take on debt for anything that does not increase in value over time.
Suitable forms of debt include buying real estate as a rental property, investing in your business, or a student loan.
It is too risky to rely on one source of income. Try to generate income without trading your time for money.
Ways to generate extra income:
First manage the money you do have, then use your money to generate more money. You don't need to think about investing until you're out of debt and have multiple ways of generating income.
The World Economic Forum defines competitiveness as the "set of institutions, policies and factors that determine the level of productivity of a country."
Another way to view it is to consider how it promotes wellbeing. A competitive economy is productive, leading to growth, increased income levels, and hopefully improved wellbeing.
Productivity has been found to be the main factor driving growth and income levels. Income levels are closely linked to welfare. Understanding the components that impacts this chain of events is important.
In essence, rising competitiveness means increasing prosperity. The World Economic Forum believes that competitive economies are most likely to grow more sustainably.
The WEF (World Economic Forum) breaks down countries' competitiveness into 12 areas. These are grouped into three sub-categories.
While the world is getting better at measuring things, there is still no fail-safe way to include a country's environmental record into its competitiveness core. Nor is there a way to measure if and how competitiveness makes people happy.
However, comparing the competitiveness of those economies engaged in monetary stimulus programmes, those with high competitiveness scores were more successful in driving economic growth.
Basic drivers of competitiveness such as infrastructure, health, education, and markets will always be important, but the data suggests that a nation's performance regarding technological readiness, business sophistication and innovation is as important in driving competitiveness and growth.
Leaders of emerging markets need to know that helping their economy succeed is more nuanced than previously thought.
Financial security is the perception that you have enough money, so you don't routinely worry about it.
Financial well-being enables people to enjoy everyday pleasures of life: seeing your children do well, having friendships, good relationships, being able to go places, etc.
The federal Consumer Financial Protection Bureau (CFPB) defines financial wellbeing as:
As a continuum that is not strictly aligned with income level, financial wellbeing ranges from severe financial stress to being highly satisfied with one's financial situation. Through education, opportunity, and support, people can move along the continuum to greater financial wellbeing.
According to a 2018 survey, the vast majority of respondents defined financial well-being in terms of freedom.
You don't have to be wealthy to achieve financial well-being. Research shows that beyond a modest point, more money has a limited effect on happiness.
Financial experts often use general benchmarks to set standards for financial wellness, such as an emergency savings fund covering three to six months of expenses, or the amount needed for retirement.
But if you are feeling financial stress, these targets can feel intimidating. Overly ambitious goals can make you feel scared and anxious and may affect your physical and emotional health.