Mobile Labor Can Get Financial Benefits

by Mrs Money

One feature of the US labor market at the end of the recession was that many people had taken jobs in the period before for which they were over-qualified and hence there was the likelihood that such people would be looking to move on once the opportunity to do so arose. At the recession’s peak the unemployment rate had reached double figures and in those circumstances people without jobs were prepared to take anything they could get. After all they had their bills to pay and the longer there was no regular income coming into the house the more debt problems they were accumulating.


Many households had a great deal of repair work to do to their finances. There are several components involved in that process and they include regular income, increasing where possible and control of expenditure. The latter involves cutting out waste but also looking at ways to reduce unnecessary costs relating to any quick realistic loans and credit card debt. Credit card balances incur a high level of interest and many people had significant balances because cards became their final way of paying their daily bills when income was drying up.

There was a high level of defaulting across the country; in many cases debts were written off because they were simply uncollectable. People who defaulted were unlikely to be able to get credit from traditional sources once that happened of course. Those who managed to keep within their credit limits and retain their cards still faced the prospect of paying a great deal of interest without their being able to reduce their balances significantly if they were simply paying the minimum monthly repayment required.

Job Creation

Since the end of the recession the unemployment rate has continued to fall. Over 200,000 new jobs are being created each month and the rate has now returned to pre-recession levels of 5.3% although there are regional variations. The result is that there is increased mobility within the labor force. Some are moving to return to full time employment, others are finding something more suitable for their talents and are prepared to migrate to get it.

A survey done by Challenger, Gray and Christmas of 1,000 of their clients has identified a significant increase in the number of people moving to find a suitable job. That is consistent with an Atlas Van Lines’ study in 2014 which identifies a similar increase in the USA and Canada. There is no doubt that a mobile labor force helps to get the economy moving and if more people are fitting into jobs for which they are suited the economy will benefit further.

Real Estate

There is still some way to go for the economy and its citizens. Negative equity in the real estate market is slowly disappearing. At its worst values had dropped 30% from pre-recession levels and 20% of owners were living with negative equity. The recovery has encouraged more people to move confident that it is once again sensible to invest in real estate, if they can afford to do so.

In States where unemployment is below the national average there is no reason for anyone not to feel secure; if they have regular income it is likely that they will continue to have that. Such people are ideal candidates for online lenders who are prepared to advance money with income being the main criterion. It presents them with the opportunity to look at their finances and plan to get them on a better footing. If they have credit card balances incurring high rates of interest they can reduce their monthly outgoings by taking out bad credit loans that are much more competitive. Anyone who wants to borrow money for anything from creating an emergency fund to investing in retirement can do their sums and see if a loan is one way to help do that.

There is certainly nothing wrong in borrowing money as part of an overall financial strategy. The strategy can include cutting out waste and paying off any debt that is incurring a high rate of interest. The employment data justifies action and online lenders are in place to help.


Get Paid to Study Investment with FX Trading

by Mrs Money

OK, that specific arrangement is never going to materialize, exactly. No one pays investors. They pay themselves, through lots of hard work, practice, and learning. But there is tremendous opportunity these days to learn investment by doing. You don’t have to map out a 30 year plan to get started. Instead, you can take advantage of many of the fast-paced, high-reward investment offerings made possible by the internet.

Day trading has always been the fastest form of investment. It is so-called because of how rapid day trading transactions occur. If you zoom in on stock growth chart, you’ll see that there is endless detail. Values jump and fall constantly. If you are looking at a window of time that’s too big, like a month, you’ll miss this. But if you zoom into a stock’s value over, say, 2 minutes, you’ll find all sorts of variation from moment to moment.

These nuances are made all the more evident by the speed and power of the internet. In the old days, day traders would have to go to the economic centers of the world, to be at the source of this information. They would watch the values of the entire world jump and jive, making decisions in a split second that could earn or throw away millions of dollars. Many careers were made a lost this way, but this form of trading was reserved for a specific set of people, not regular folks.

The internet changes all of this. Now anyone can watch investment values in real time. The internet is so fast for just about everybody, that it’s very difficult to eke out an advantage. So what’s left if the same information is accessible to all? The answer: skill and insight. Those who know how to invest well will be able to take care of real information. Those who don’t know how to invest will fail.

In investment, as in life, knowledge is power, and money. But they only way you acquire knowledge is through trial and error. This form of learning can be costly, especially when you are playing with money. But there are ways to do it without much risk to your bank account at all. FX trading with CMC Markets is one of the best ways. It’s a simple investment problem. Two currencies are paired. You predict which will rise in relation to the value of the linked partner currency. If you get it right, you get dividends. If you get it wrong, you lose your investment and extra depending on how much things changed.

The great thing is you can learn this using a free trial. As in all investments, knowledge about what will be a sensible investment is found through research and pattern recognition. Currency values don’t change in a vacuum – they have real world causes and effects. By correctly understanding which events and world leader decisions make these changes, you’ll be able to make money more than you lose it with FX trading. This form of investment will help you learn the skills to make you a successful investor across the board, even when you’re making investments much more complicated than this.

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