70 STASHED IDEAS
Properly managing your finances abroad will have a direct and positive impact on your experience.
The majority of your funds will most likely go on rent. Nowadays, it isn’t uncommon for people to spend around 40% of their monthly income on rent and that’s why, when looking for a home, you need to have clear figures in mind.
Look at the net monthly income you will have abroad and then calculate how much you will need to spend on: Food, insurance (e.g. Health, Travel), transport, entertainment/ leisure, other ongoing costs you’ll have (phone bills, subscriptions, payments back home, etc.)
Whatever’s left is – approximately – what you can allocate for monthly rent. It’s always wise to keep a financial cushion of one or two hundred, either to save for the future or for one of life’s unforeseen events.
Once you’ve settled on your absolute rental maximum, you can apply this figure to all filtered accommodation searches.
Maybe your utility bills are not included in the monthly rent. In that case, you will need to pay those on top of the monthly rent, and potentially to someone other than the landlord, e.g. an energy company.
If a bill is excluded from the monthly rent, then it will usually be calculated based on actual usage rather than a fixed amount.
NFTs seem to have entered the mainstream. But the technology remains confusing and inaccessible to normal Americans.
Millions of dollars are poured into this emerging market for digital goods, which has rapidly increased the careers of some independent NFT creators.
NFTs have no physical or tangible value. The technology of NFTs codifies and enforces a metric of scarcity on a digital file.
Digital scarcity can be seen as a supply and demand phenomenon. The NFT technology gives you the supply, not the demand.
NFTs impose scarcity on something that doesn't naturally have scarcity. The free aspect of the internet means anything you make has zero reproducing value. The NFT technology can change how artists are thinking about their work and how they get paid. While the file remains free and available, somebody may be willing to pay because of where they got it from.
Contagion, in financial terms, refers to the diffusion of economic booms, and can occur both domestically and globally. It is basically a spread of an economic crisis from one region to another, and spreads on an international level due to the global market interdependence.
The term contagion was coined during the 1997 Asian financial crisis, but it was occurring namelessly even during the Great Depression in the 1930s.
Developing countries and emerging markets are often more susceptible to be affected by a contagion, whereas large, established markets can weather them to a greater degree.
Periodic, global financial crises has been a staple of the economy for every decade since 1825, in one form or another.
In 1926, brothers Maurice and Dick MacDonald hoped to find fame in the industry of moving pictures. At first, they hauled sets and worked the lights during back-breaking shifts on silent film sets. But they were unable to move up in the behind-the-scene ranks of the business.
In 1930, after scrimping and saving, they purchased a theatre. To dissuade patrons from taking their own food to the movies, they installed a snack bar in the lobby.
The McDonald brothers' theatre faltered during the lean years of the Depression, leaving the brothers always behind on their bills. In 1937, they sold the theatre and moved from entertainment to food service.
They made an open-air food stand and served fresh orange drinks and hot dogs in close proximity to a flying field. The venture was successful enough that they opened two more stands.
The The McDonald brothers entertained a dream of a new establishment they'd call the Dimer but rejected the idea as too Depression-era. They were certain the future involved appealing to drivers.
After many rejections, the entrepreneurs secured a loan of $5,000, this time putting their surname on their roadside restaurant, followed by the featured menu item of "McDonald's Barbeque."
Following the enterprising family of Levitt that applied Ford's Model T-like assembly-line logic to building homes on New York's Long Island, the McDonald brothers decided to mimic this mentality in the preparation and serving of food.
Four months in, a turnaround occurred for no particular reason. Profits soon soared to $100,000 a year. The quality of food was not the main draw except, perhaps, for the crispy fresh potatoes.
Copycats arrived to study the operation in action. The details the imitators couldn't see, Dick and Mac shared cheerily. In 1952, the brothers ran an ad announcing that their "revolutionary development in the restaurant industry" was now available for sale to interested parties.
Instead of just paying a visit and stealing the idea, the more honest plunked down a $950 franchise fee for the formula. The first in line wanted to use McDonald's name of the stand he intended to build, saying he thought their name "lucky." He got an operating manual for his money, a counterman on loan for a week, and an architectural blueprint from which to build the restaurant.
A dairy supplier, hoping to encourage sales of ice cream, offered to replicate McDonald's nationwide. The brothers ultimately refused. They were happy with just selling the manual and blueprints.