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Middle Class in 2021: Belonging and their characteristics by Giselle Arellano

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Middle Class in 2021: Belonging and their characteristics by Giselle Arellano

With the COVID-19 pandemic affecting all sectors, Mexican society has seen constant changes affecting middle-class Mexicans at the federal level; thus, their predisposition to economic vulnerability in comparison even of the lower class population. This is because in Mexico, 53% of the population has the income level classified as poverty and another 13%, characterized in the lower class, that is, their income cannot yet be considered that of a middle-class life.

Then comes into discussion what it really means to belong to this socioeconomic group through the complications that have arisen due to the economic crisis; As a Mexican who actively seeks to reduce the gap of social separation, Giselle Arellano puts into perspective who they really are, according to the National Institute of Statistics and Geography (INEGI) belonging to the middle class:

Have personal and constant access to a computer.

Expenses of approx. 4,380 pesos in food and beverages outside the home; or in case of the current contingency situation, online shopping.

At least one member of the household has a stable job, this by enjoying a salary with a contract, in a public or private company.

The head of the household has studies of at least an upper secondary level.

All sons and daughters attended or are currently attending a public school.

For its own part, the Organization for Economic Cooperation and Development (OECD) has analyzed how much a person should receive to be considered middle class:

Income of at least $ 20,000 per month.

At least in Mexico, each “middle class” person should receive between $ 5,000 and $ 14,000.

In addition, our basic salary should be enough for sufficient food, clothing, transportation, home, education, savings and even leisure. If not, you could be placing yourself below the middle class. Finally, only 37% of the total population that belongs to the middle class in Mexico.

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Dr. Anosh Ahmed – Essential Lessons for Investment Success

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Dr. Anosh Ahmed - Essential Lessons for Investment Success

Investments provide people an opportunity to maintain their present and future financial security. Dr. Anosh Ahmed says not only does investing allow you to increase your wealth, but it also protects you during financial crises because it can generate inflation-beating returns.

You can also leverage the power of compounding and increase long-term returns. Investments allow you to outperform inflation by generating regular income streams and protect yourself from financial crises by tailoring your strategy to changing needs. Here are a few essential lessons for investment success. 

Thorough Research is the Key

Everyone knows Warren Buffett, the most successful and profitable investor in history. Buffett is one of the wealthiest people in the world and a reputable man in the political and economic domains. According to Dr. Anosh Ahmed, Warren Buffett advises investors to perform thorough research before making investments.

Dr. Anosh Ahmed says that looking at and analyzing the company’s quality or investment value is the first step for investors to create a successful strategy. It requires you to read financial statements, participate in financial conferences, perform vet management, and carry out other tasks to evaluate the company’s quality and make an informed decision.

Invest Early

Dr. Anosh Ahmed has done a tremendous amount of research on why investing early is an excellent way to streamline the entire process. Based on Dr. Ahmed’s insights, the earlier you invest, the more time you have to grow your wealth.

If you are a young individual, you can leverage the power of investing early because you will have plenty of time to increase your investment value than older people. Not only does starting early allow you to take more risks, but it also enables you to perform various evaluations and assessments to mitigate risks and make informed decisions.

One lesson to keep in mind is that making early investments is directly proportional to increased financial stability and security. Dr. Anosh Ahmed encourages everyone to benefit from investing early.

Clarify Your Investment Goals

Clarifying your investment goals is another lesson you need to learn and keep in mind to achieve a secure financial future. After identifying your goals, make sure you set a plan to save money and invest wisely. That way, you can optimize the process and achieve your goals without experiencing problems. “Pay yourself first” is an easy way to keep your savings plan optimized and on track.

So, what does this mean? It means setting aside a portion of the pay packet for yourself before paying bills, shopping, groceries, rent, mortgage, phone, car, etc. When you set aside a specific amount straight from your bank account, you can maintain your financial stability and ensure getting paid regularly and on time.

Start the process by making a solid budget to know how much you can afford to pay yourself. At the same time, list your expenses and analyze how to increase your savings every month.

Invest Your Savings to Grow Your Wealth

If you want to build more wealth and achieve financial stability, make sure you invest your savings. According to Dr. Anosh Ahmed, it is one of the best lessons one can learn and use to achieve their financial needs and goals.

So, you can put your plans into action by focusing on managed funds. Not only do managed funds pool your savings, but they also enable you to access various quality investments.

Moreover, diversification is essential, allowing you to spread the risk across each of your primary investments, including cash, shares, real estate, fixed interest, etc. The purpose is to generate higher returns on investments. You must learn how to exploit the risk-return spectrum for getting outsized ROIs. Diversification means not putting all the eggs in one basket.

Leverage the Power of Compound Interest

Another essential lesson for investors, according to Dr. Anosh Ahmed, is learning how to leverage the power of compound interest. For instance, once you have set your goals and decided where to invest, you must learn how to access compound returns. Remember, each dollar you invest translates to a return.

When you reinvest the interest earned, you can make more money. That way, you increase the potential of financial growth. It is crucial to turn your savings into investments to achieve your financial goals. However, you must not make the process difficult for yourself. For example, you can make regular investments of $100 per month if you have $1,000 in savings.

Final Words

Investments can make or break your financial stability – it is all about how you use your mind and play the game. Dr. Anosh Ahmed recommends everyone benefit from the lessons given above to achieve success. Good Luck! 

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The Secrets To Selling Gold In Melbourne: Your Cheat Sheet

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The Secrets To Selling Gold

Gold is an excellent way to plan for the future. We all know that, but how do you sell gold in Melbourne? The internet is flooded with tips and tricks on how to sell gold in Melbourne, but most of them are not reliable or offer limited information. This article will help you steer clear of the scams and get the most money for your gold.

If you’re thinking about selling your gold in Melbourne, this article will give you 3 simple steps on how to do it. And if you’ve never sold your gold before, this article is a must-read for your own personal safety.

The Best Ways to Sell Gold

At this moment, the best way to sell gold in Melbourne is through an online website like eBay. There are a few benefits that come with selling on eBay – you can offer your own personal customers the chance to purchase at a discounted price, and you also have the option of offering different types of payment methods. The process of selling gold online is simple, as all you need to do is list your item on eBay, set up a buyer protection plan, and wait for someone to buy it.

The Scams of Selling Gold

It’s no secret that the gold market can be difficult to navigate. With the price of gold fluctuating so much, it’s easy for people to get ripped off. The easiest way to avoid this is by understanding what you’re getting yourself into before you start selling your gold in Melbourne.

The problem with most people trying to sell their gold in Melbourne is they don’t know where to sell it or who to trust. Unfortunately, there are many scammers out there waiting for someone gullible enough to take advantage of them. This article will give you some important tips on how to protect yourself from being scammed while still making a profit if you decide to sell your gold in Melbourne. The first thing is understanding that there are different types of scams out there–the most common being the pawnbrokers scam and the reseller scams.

Pawn brokers are dishonest individuals who will buy your gold and then ask for a hefty fee for showing you where your precious metal was sent once they found it a buyer. This type of scam is very common and easy to identify; just make sure you never send any valuable items with anyone unless they have been recommended by someone who has used them before.

Watch Buying Guide: How To Buy A Luxury Watch

A watch is a handheld timepiece that is used to tell the time. It is worn on the wrist like a bracelet. The first watch was invented in the year 1500 by Peter Henlein. A watch can also be worn on a belt, in a pocket or around the neck. In some cases, it may be attached to clothing such as a sleeve, collar or epaulettes. A watch usually has two hands and has numbers marked on its face to tell what time it is. It also has an hour and minute hand and may have an alarm feature, date feature and other features depending on the brand of watch.

Conclusion

Do you want to know the secrets to sell gold in Melbourne? This cheat sheet is here to help you.

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How is blockchain technology going to change the world?

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How is blockchain technology going to change the world?

The power of Blockchain is slowly transforming the world. Whether it is in supply chain, banking, or real estate, Blockchain technology is opening up prospects that one could never imagine before. Blockchain has become an emerging technology with great potential to legitimize digital transactions while offering greater levels of security and privacy.

What is Blockchain?

A Blockchain is a distributed ledger system that records all transactions as ‘blocks’ of information. It is a decentralized network that allows participants to add data to the network through a peer-to-peer consensus mechanism that ensures the integrity of the data with properties like immutability and transparency.

Blockchain has the potential to impact our society for years to come- here are a few ways in which Blockchain is going to revolutionize the world-

Increased privacy and security – With Blockchain, gone are the days when hackers would easily crack into a public/private network to steal information. It is primarily such limitations of data privacy and security that led to the development of Blockchain, a technology that makes it difficult to break into a vast network of data.

Letting individuals exercise control– With no single or central authority governing Blockchain transactions, people now have more liberty and freedom in personal choices. Cryptocurrencies are slowly making it easier to trade digital assets, increasing individual liberty and control over government currency via digital currency exchanges.

Currencies are changing– The emergence of cryptocurrencies like Ethereum and Bitcoin is going to shape the world in a big way. Very soon, trading digital assets like cryptocurrencies and NFTs on Blockchain platforms will mean greater liquidity for individuals and businesses. Buying a real-estate property will become easier and quicker. The authenticity of digital assets traded on Blockchain platforms will transform the way people buy, sell and exchange valuable items.

The impact of Blockchain is already being seen in Supply Chain, Banking and Insurance, and is here to stay. Numerous companies are growing rapidly and rushing to adopt blockchain technology for their projects. The best way to develop blockchain applications is to hire an expert Blockchain development company that offers a range of custom Blockchain services to businesses around the world.

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