I really admire people who go out of their way to make ends meet, the legal way. The job market is completely saturated; degrees are collecting dust; but instead of waiting for handouts, what effort are you personally putting to look for your daily bread? The Kenyan hustle is real. Here are unexpected ways Kenyans make money: 1. Taking advantage of the booming matatu business. If you’re not the makanga or driver, you can simply become a squad boy; your work will be to simply help fill up...
Julie and JuliaCarey (not her real name) is a 29-year-old systems analyst in NYC. She works for an app you’ve definitely heard of.So, Carey, how much are you making?$120K is my base, plus $49K in stock options (not all the stock options have vested yet though).How do your earnings compare to your expenses?I live in NYC, so even in a “sketchy” neighborhood that’s cheap, I pay $2,750 a month for rent. But some caveats — it’s a 2br, and larger than the basement studio I lived in...
NEW DELHI: Undeterred by the Opposition criticism, the NDA government at the Centre vowed to ride on the might of unique identification number (Aadhar) to track down unaccounted and black money. Giving a sense of the government’s resolve, Union Finance Minister Arun Jaitely on Wednesday retorted “Yes, we will...”, while countering concerns of the BJD leader Bhartruhari Mahatab, who had asked whether the government would force the people to enrol for Aadhar. The Lok Sabha on We...
NEW DELHI: In a veiled message to the judiciary, Finance Minister Arun Jaitley today said Parliament alone has authority to decide on how much pension MPs can draw and inter-institutional discipline has to be respected. A day after the Supreme Court sought responses from the Centre and the Election Commission on a plea seeking scrapping of pension and other perks of Members of Parliament, the opposition in Rajya Sabha expressed concern that the image of lawmakers was being sullied. "It is...
Desperate times call for desperate measures. It’s a well-known fact that many bright students in Kenya always lack fees to further their studies. Daniel Wanje from Kilifi is one of them. But the 22-year-old boy isn’t giving up n his hopes and dreams without a fight. Daniel says he wants to sell his kidney to get money for fees: It is a decision I took after I realized that the abject poverty in our home would definitely deny me a chance of joining the University. I am ready and will...
Genie, Carro’s automobile financing subsidiary. Photo credit: Carro. It was around September last year that Singapore-based used-car marketplace Carro ran into issues trying to get loans for its customers approved in a timely fashion. That was a problem because most car buyers in Southeast Asia finance the purchase through a loan. So buyers who don’t have access to credit can’t afford to buy cars – which is a problem for Carro. So the startup decided to build its own financing se...
This season is all about the Big Issues.Last night I checked my phone right before I went to bed—like you do—I was rewarded by a new podcast notification. Gaby Dunn’s “Bad With Money” is back.A quick recap, if you didn’t hear all of us rave about “Bad With Money” on The Billfold last year: Gaby Dunn is a writer/actor/comedian who began her podcast because she wanted to have an honest conversation about money:Talking to Gaby Dunn About ‘Bad With Money,’ Financial Shame, and...
It might be because those earnings are not evenly distributed across the population.Photo credit: qimono, CC0 Public Domain.If you live in the U.S. and you feel less happy than usual, it might be because the U.S. recently dropped a spot in the list of “happiest countries in the world:”The World Happiness Report is out and the U.S. has fallen. Sad!Norway unseated Denmark as the happiest country on the planet, according to the World Happiness Report (yes, it’s a thing, and it’s published...
A new interview with Morgan Stanley tells all.Photo credit: Travis Wise (cropped), CC BY 2.0.I just want to drop a link to this interview and say “READ IT,” but I’ll quote the first question and answer so you get an idea of what to expect:Lin-Manuel Miranda: The Power of Financial KnowledgeWith the incredible success of Hamilton, what has your journey as a writer, actor and artist taught you about the importance of financial literacy?This experience taught me first-hand how important it...
CHINA'S central bank continued its net cash injections via open market operations on Tuesday. The People's Bank of China (PBOC) conducted 80 billion yuan (about US$11.6 billion) of reverse repos, a process by which the central bank purchases securities from banks through bidding, with an agreement to sell them back in the future. The injection saw a net 30 billion yuan pumped into the market Tuesday, offset by 50 billion yuan in maturing reverse repos. The operations included seven...
NEW DELHI: The Supreme Court will on Tuesday hear the matter involving Sahara chief Subrata Roy with the Securities and Exchange Board of India (SEBI) over a dispute of returning money to crores of investors.  The apex court had in its last hearing asked the Ghaziabad development authority to deposit Rs. 1,100 crore to the apex court registry for acquiring land from Sahara.  One international real estate company, M.G. Capital holdings had told the apex court three-judge bench, headed...
U.S. electronic payments company MoneyGram International mgi has offered to share confidential information with peer Euronet Worldwide eeft , after the latter made a $1 billion acquisition offer, people familiar with the matter said. MoneyGram has found that Euronet’s cash offer of $15.20 per share, which was unveiled last week, could be expected to result in a superior proposal compared with a deal it agreed to...
NEW DELHI: The Enforcement Directorate (ED) has filed a prosecution complaint (chargesheet) against Surat-based financier Jignesh Kishore Bhajiawala under charges of money-laundering for illegally converting scrapped currency notes into new ones post demonetisation. The chargesheet was filed on Thursday before the court of Principal and Sessions Judge, Ahmedabad (Rural) under section 45 of the Prevention of Money Laundering Act (PMLA), 2002. Earlier, the CBI, Gandhinagar had filed an FIR again...
Up to $10,000 to be precise.Miranda would’ve seen this coming a mile away. Charlotte, however, would’ve fallen for it.Little did I know that all the time I spend dreaming about the future and its vast promises is a tremendous waste of time, because it’s actually here already and I just haven’t been paying attention.I can ask my phone a question about the weather without having to actively engage with it. If so inclined, I could purchase a vibrator that would allow my theoretical long o...
You start with a few formulas, and then you tweak – insert a power word here, take advantage of expanded headlines there. Whatever it’s gonna take to hit chart-topping CTRs. Results all come down to your ad text at that point. That simple string of characters acts as a catalyst, leaping off the page and into a viewer’s brain to motivate, inspire, scare, or forcibly push them through the formidable couch-bound inertia that keeps people from making any changes at all. But no one teaches thi...
CHANDIGARH: Congress Vice President  Rahul Gandhi today charged the BJP with "stealing" the mandate of people in Goa and Manipur and forming governments in these states by using money power. "The BJP used money power in Manipur and Goa. They stole the mandate of the people...," Gandhi said while replying to a question on BJP forming government in Manipur as well as in Goa, where Chief Minister Manohar Parrikar won the trust vote today. The Congress leader was speaking ...
US electronic payment company Euronet Worldwide Inc has launched a US$1 billion bid for rival MoneyGram International Inc, arguing that its all-American deal would face less regulatory scrutiny than a lower bid by China’s Ant Financial Services Group. Ant Financial, the financial services affiliate of Alibaba Group, said it remained committed to its deal. “MoneyGram and Ant Financial continue to cooperate under the terms of our merger agreement, and together, we are making progr...
It is a cloying and oft-repeated phrase that technology has the power to transform everything. A startup insurance company, of all things, offers a peek at just how technology might change that old-line industry. The company is called Root, and it is located in the startup hotbed of Columbus, Ohio. In fact, it offers auto insurance only in that Midwestern state for now, and you must have an Apple aapl iPhone and have a good driving record to buy its polici...
NEW DELHI: The Enforcement Directorate on Wednesday summoned Jammu and Kashmir Liberation Front chief Yasin Malik and separatist leader Syed Ali Shah Geelani in different money laundering and Foreign Exchange Management Act (FEMA) cases. The two cases date back to 2001 and 2002 respectively.  Earlier in June 2002, USD 10,000 was found during searches by the Income Tax department at Geelani’s residence in Hyderpora. The separatist leader was unable to declare the source of funds and ...
Ikea glasses. Photo credit: Christine Wisnieski, CC BY 2.0.Kara (not her real name) is a 35-year-old executive assistant in a Midwestern suburb.So, Kara, how much are you making?I make $60k annually, plus another $4,500 or so in bonuses. Do you want any joint info (with my husband’s income) or just me?However you think about your finances makes sense.Well, we keep many aspects about our finances separate, but ultimately look at them together in terms of long-term planning. Combined, our in...