Latest news with #FinancialLiteracy
Forbes
a day ago
- Business
- Forbes
The Importance Of Financial Literacy In Wealth Building
Financial literacy is not just a valuable asset; it's a necessity for sustainable wealth building. Understanding how to budget, invest, and manage debt empowers Canadians to make informed decisions and secure their financial futures. Whether saving for a home, funding a child's education, or preparing for retirement, financial literacy is the cornerstone of financial stability and long-term growth. Building wealth is about understanding how to manage what you have wisely. What is Financial Literacy? Financial literacy involves understanding basic financial concepts such as saving, investing, credit, debt management, taxation, and retirement planning. According to the Financial Consumer Agency of Canada (FCAC), financial literacy includes the ability to make informed decisions about financial products and services and to plan for short- and long-term goals. With this knowledge, Canadians can better navigate everyday financial situations and avoid pitfalls. Why Financial Literacy Matters in Wealth Building Financial literacy is crucial to wealth building for several reasons: With the proper financial education and astute planning, Canadians will be more financially resilient to withstand economic downturns, inflation, or unexpected expenses. Real-Life Application and Generational Impact Financial literacy isn't just about theory; it's about practical application. A financially literate individual knows how to compare mortgage rates, evaluate investment funds, and choose insurance policies that fit their needs. They understand compound interest, credit scores, and the cost of borrowing. This knowledge leads to better day-to-day decisions and long-term financial planning. Moreover, financially literate individuals can pass their knowledge on to the next generation. Teaching children and teens about saving, budgeting, and investing early creates a culture of responsible financial behaviour. This generational transfer of financial wisdom can lead to long-term benefits for families and communities across the country. Practical Steps to Improve Financial Literacy Improving financial literacy starts with accessible education and intentional action. Here are ways to enhance your financial skills: Empowerment Through Financial Knowledge Financial literacy equips Canadians to handle financial challenges and build a secure future. It fosters confidence, resilience, and independence. With rising living costs, evolving job markets, and increasing personal debt, the ability to make wise financial decisions is more important than ever. Financial knowledge empowers individuals to pursue their goals, whether homeownership, travel, entrepreneurship, or retirement goals. It also enhances mental health by reducing anxiety associated with financial uncertainty. By investing in your financial education, you can make informed decisions that lead to long-term prosperity, intergenerational stability, and financial peace of mind. Financial literacy equips Canadians to handle financial challenges and build a secure future. It fosters confidence, resilience, and independence. With rising living costs, evolving job markets, and increasing personal debt, the ability to make wise financial decisions is more important than ever. Financial knowledge empowers individuals to pursue their goals, whether homeownership, travel, entrepreneurship, or retirement goals. It also enhances mental health by reducing anxiety associated with financial uncertainty. By investing in your financial education, you can make informed decisions that lead to long-term prosperity, intergenerational stability, and financial peace of mind.
Time of India
a day ago
- Business
- Time of India
Rs 1.2 crore salary given up by Bengaluru college dropout for 'special moments': He now does housework
Leaving behind a high-paying job is rarely an easy decision, especially after years of building a successful career. But for one Bengaluru professional, the choice became clear when his wife was expecting their first child. He decided that being by her side and managing the home during this phase was worth more than any paycheque, even one worth Rs 1.2 crore a year. From Zero to Rs 7 Crore in Seven Years The man, who shared his story on Reddit, revealed that he started with no degree and worked his way up over seven years in various startups, building and leading go-to-market (GTM) teams. Over time, he earned more than Rs 7 crore in total career earnings. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program His most recent role was in sales leadership with a work-from-home setup, a comfortable salary package, and a home in Bengaluru's Jayanagar. Despite the perks, he decided to step back from his professional life when his wife became pregnant two months ago. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World Undo Choosing Family Over Career Initially, he suggested that his wife take a year off to focus on the pregnancy, but she preferred to keep working with reduced hours. This prompted him to make the decision to leave his own job so he could take on full household responsibilities. He explained that he now manages all domestic chores, tends to their garden, accompanies his wife on walks, and has arranged for both sets of parents to stay with them for support. The former executive expressed that having the financial security and professional network to return to work later makes the choice even easier. He believes that 'being present when your partner, children, or parents need you matters more than anything else,' adding that earning a high salary is not worth missing out on these "special moments". Humble Reflections and Advice The post received widespread appreciation from Reddit users, with many calling him an example of 'husband goals.' In response, he credited his wife as the truly remarkable one, describing her as hardworking, understanding, and someone he has known since school for over 15 years. He also engaged with users curious about his career journey, sharing that breaking into tech sales doesn't require a college degree. He advised beginners to start as Sales Development Representatives (SDRs), though he cautioned that the role involves significant cold calling before progressing up the ladder. For those unable to take on such tasks, he suggested exploring sales or revenue operations roles, which are currently in demand.
Time of India
a day ago
- Entertainment
- Time of India
Have Selena Gomez and Benny Blanco already got married? A four-word Instagram caption sends fans spiraling
It began with an innocent snapshot posted on Sunday, August 10. In the first image, Gomez plants a kiss on Blanco's cheek. Nothing unusual there—until followers noticed the cryptic caption: 'About last nights wedding.' For fans still counting down to the couple's expected nuptials later this year, those four words triggered instant panic. Engagement news only broke in December, so could the wedding have happened already—and in secret? Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Grammy-nominated singer SZA admitted she fell for the bait, commenting on Instagram: 'This caption .. I panicked so crazy 😂 yay dave !!!' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The 5 Books Warren Buffett Recommends You To Read in 2025 Blinkist: Warren Buffett's Reading List Undo The Reality Behind the Rumor As it turns out, the wedding Gomez referenced wasn't hers at all. A quick swipe through her carousel revealed the event was the marriage of rapper Lil Dicky, also known as David Burd, to his partner Kristin Batalucco. Still, the moment highlighted how easily social media captions can whip fandoms into overdrive. One Twitter user joked, 'This is why vague captions are dangerous.' Another quipped, 'Don't think Selena would marry in that fashion. Her wedding will be one for the history books.' MORE STORIES FOR YOU ✕ « Back to recommendation stories I don't want to see these stories because They are not relevant to me They disrupt the reading flow Others SUBMIT The Real Wedding Plans For now, Gomez and Blanco's real ceremony remains on the horizon, reportedly set for September in California. That leaves fans—and perhaps a few hopeful wedding crashers—plenty of time to prepare for what's expected to be a star-studded celebration. Gomez has previously credited her relationship with Blanco for its stability and mutual respect. Speaking to Apple Music 1 in February 2024, she shared: 'Without getting into too much detail, I think it's just really important to meet someone that respects you… I'd have to say overall, it's the safest that I feel and it's been really lovely. I've only grown through it, so it's awesome.' This small-scale social media storm may have ended with a laugh, but it also proves one thing: in the digital age, even the shortest caption can ignite a wildfire of speculation. And when it comes to Selena Gomez, her fans won't be missing the actual wedding for the world.
Time of India
a day ago
- Entertainment
- Time of India
NYT Strands Hints today, August 11: Answers, theme, Spangram, and clues revealed
For enthusiasts of daily word challenges, the NYT Strands puzzle on Monday brought another test of vocabulary and pattern recognition, with the theme 'Find the remainder' prompting players to scour the grid for clues. Many sought assistance from the day's NYT Strands hints to piece together the elusive connections. A New Favourite in the NYT Games Line-up Part of The New York Times' expanding portfolio of digital puzzles, NYT Strands is steadily gaining popularity among word game fans. Unlike crossword or spelling bee formats, it presents a six-by-eight letter grid from which players must connect letters to form words tied to a single overarching theme. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Each day's puzzle features several theme-related words, as well as a special highlight, the 'Spangram.' The Spangram is a word or phrase that stretches across the grid vertically, horizontally, or diagonally, and often holds the key to unlocking the theme. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like AI now helps people speak languages fast Talkpal AI Learn More Undo NYT Strands Today's Theme: 'Find the Remainder' For August 11, 2025, the editors presented a theme that could be interpreted in multiple ways: 'Find the remainder.' This prompted players to think of words linked to items or portions left behind after the main part has been used, consumed, or removed. Those who found themselves stuck could turn to a series of hints. One NYT Strands hint suggested imagining surplus food left after a meal, while another pointed toward something retained as a keepsake from a holiday. Yet another hinted at a small remnant of something once larger or more significant. Live Events NYT Strands Guided Clues for Players The official clues for the day's puzzle, as per a report by Beebom included: Hint #1: Something kept to help remember a special occasion or trip. Hint #2: A small surviving part of something much bigger. Additionally, the NYT Strands Spangram hint revealed that the special word was mostly vertical, beginning with 'LE,' and represented something left after the rest was gone. NYT Strands: Understanding the Role of the Spangram In NYT Strands, solving the Spangram early can often unravel the rest of the puzzle. While it does not always start or end at the edge of the grid, it runs from one side to the opposite side. By encapsulating the puzzle's theme in just one or two words, it acts as an anchor for players to find related terms. NYT Strands Answers for August 11, 2025 Puzzle For those determined to see the complete solution, the theme words and Spangram for Monday's puzzle as per a report by Beebom, were: Spangram: Leftovers Theme Words: Residue Trace Dregs Remnant Vestige Souvenir These selections all tied back to the central concept of 'remainder,' each illustrating a different nuance, from physical remains to symbolic keepsakes. Why Strands Appeals to Players While games like Wordle and NYT Connections focus on deduction and direct guessing, NYT Strands requires sustained observation, patience, and lateral thinking. The satisfaction of finding hidden words in the grid, particularly when they align with a daily theme, has made it a refreshing addition to the NYT Games suite. FAQs What is NYT Strands? NYT Strands is a daily word puzzle from The New York Times that uses a six-by-eight letter grid. Players connect letters to form words that all relate to a single daily theme. How is it different from other NYT puzzles like Wordle or Connections? Unlike Wordle's guessing or Connections' grouping mechanics, Strands focuses on finding theme-related words in a letter grid, emphasizing pattern recognition and lateral thinking.
Time of India
a day ago
- General
- Time of India
Mumbai Kabutarkhana Ban: Jain monk vows 13 Aug hunger strike, says ‘will take up arms' as SC backs HC order
The Supreme Court on Friday dismissed an appeal challenging a Bombay High Court order that directed the Brihanmumbai Municipal Corporation to register cases against those feeding pigeons at kabutarkhanas in the city. A bench of Justices J K Maheshwari and Vijay Bishnoi said 'parallel indulgence' was improper and advised the petitioners to approach the High Court if they sought changes. The case had been brought forward by animal enthusiasts and others who opposed the ban, claiming it violated the Prevention of Cruelty to Animals Act. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program High Court's public health rationale The Bombay High Court had upheld the BMC's prohibition on feeding pigeons, citing the serious health risks linked to large congregations of the birds. Judges stressed that protecting human health outweighed other concerns. While the court barred the demolition of old heritage kabutarkhanas, it did not allow feeding at these spots. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Become Fluent in Any Language Talkpal AI Install Now Undo On 7 August, the High Court clarified it had not ordered closures but had refused to halt the BMC's move. It suggested a committee of experts could assess the future of these structures, adding that 'human life is of paramount importance.' What the petitioners' allege? Petitioners Pallavi Patil, Sneha Visaria and Savita Mahajan told the court that the BMC began demolishing feeding spots from 3 July without legal authority. They said this breached the Prevention of Cruelty to Animals Act and ignored long-standing community practices. Live Events Protests and monk's hunger strike threat Opposition to the ban has grown, particularly among sections of the Jain community. On 6 August, protesters at the Dadar kabutarkhana removed a tarpaulin cover placed by the BMC to discourage feeding and clashed with police. Speaking to reporters on Sunday, Jain monk Muni Nileshchandra Vijay said, 'We will follow the path of satyagraha and hunger strike. The Jain community is peaceful, but if needed, we will take up arms for our religion. If any decision goes against our faith, we will not accept even the court's order.' He claimed more than 10 lakh Jains from across the country would join the agitation. 'The ban targets Jain traditions. The move is politically motivated with elections in mind. From ants to elephants, no living being should die (from hunger), that is what our religion teaches. Why is Jainism being targeted? Show how many people die after consuming liquor and chicken,' he added. Political response Maharashtra Skill Development Minister Mangal Prabhat Lodha, who has supported preserving kabutarkhanas, distanced himself from the monk's remarks. 'I do not agree with his statement. I have spoken twice on this matter and I am fulfilling my role. I will not comment further,' he said. The BMC has renewed efforts to enforce the ban at Dadar kabutarkhana, repairing bamboo cladding and covering the feeding area with silver plastic sheets. Officials confirmed that marshals and security personnel have been deployed to prevent gatherings and avoid law and order issues. The civic body maintains that banning public feeding is essential to prevent health hazards linked to pigeon droppings and overcrowding. However, with multiple petitions still before the High Court and community protests intensifying, the dispute shows no sign of ending.
