Latest news with #financialtransformation
Zawya
11-05-2025
- Business
- Zawya
Minister of Finance and Minister of State for Economic Affairs and Investment meets with the Secretary-General of the Digital Cooperation Organization
Opportunities for collaboration on financial transformation and fintech innovation. Building a strong ecosystem for digital investments in Kuwait. Kuwait: Her Excellency, Minister of Finance and Minister of State for Economic Affairs and Investment, Engineer Noora Sulaiman Al-Fassam, chaired a bilateral meeting with Her Excellency Deemah bint Yahya Al-Yahya, Secretary-General of the Digital Cooperation Organization (DCO). Held as part of the Secretary-General's official visit to Kuwait, the meeting focused on exploring opportunities to advance the digital economy and enhance financial inclusion. The session brought together officials from the Ministry of Finance and the Digital Cooperation Organization to discuss the organization's four-year vision for accelerating digital transformation, driving financial innovation, and strengthening strategic cooperation among member states to boost digital startup growth. 'Kuwait and the Digital Cooperation Organization share a unified vision to enhance digital inclusion and build an innovation-driven economy. As a founding member of the organization, Kuwait remains committed to advancing digital transformation in line with its Vision 2035, which prioritizes a digital economy and modernized public services to drive economic diversification and job creation. Today's meeting reaffirms our commitment to positioning Kuwait as a regional hub for digital investments and technological development,' said Her Excellency Al-Fassam. Her Excellency further underscored the importance of sustained cooperation, particularly during Kuwait's presidency of the fifth session of the Digital Cooperation Organization. She emphasized that this strategic partnership would support financial innovation and foster an attractive investment climate for entrepreneurs and digital startups across DCO member countries. The meeting concluded with an agreement to establish dedicated working groups aimed at advancing shared objectives in digital transformation, financial innovation, and startup growth. These working groups will facilitate ongoing collaboration, streamline initiatives, and ensure alignment with the organization's four-year vision, reinforcing Kuwait's commitment to driving progress in the digital economy.
Yahoo
11-05-2025
- Business
- Yahoo
A 38-Year-Old Father Shares How He Paid $388,000 In Debt After Listening To Dave Ramsey: 'We Held Off On A Lot Of Big Purchases'
Most financial transformations take more than a decade, especially if you are starting with debt. While a big pile of debt can feel intimidating, it can also give you the motivation to change your financial situation. That's exactly what happened with a couple who has paid off $388,000 in debt over 13 years. The couple was sick of high-interest payments on their student loans and came across Dave Ramsey's audiobooks. Don't Miss: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — The Redditor detailed how he and his wife paid off the debt after listening to Ramsey's advice. "We held off on a lot of big purchases," the Redditor explained while sharing other strategies that worked. The tactics the 38-year-old father used can help you get out of debt and build wealth. Kids are one of the biggest expenses you have, right next to your house. While many parents view raising a family as a worthwhile endeavor, there are some ways you can save money. The father explained that they went to yard sales to buy clothing, books, and toys for the kids. The family even created a side hustle around buying and reselling yard sale finds, which helped a lot. Trending: Many are using retirement income calculators to check if they're on pace — You may have to pick up a side hustle to make ends meet. The family found a fun one that could involve everyone. Some people turn side hustles into their professions after earning enough money. However, others work side hustles for short bursts. You don't have to do a side hustle forever if you don't want to, but it can move you closer to your financial goals. Credit card debt derails many people on the path to wealth, so the couple was adamant about paying it off at the end of each month. That way, you get all of the benefits of a credit card without having to deal with high interest rates. Not having credit card debt also makes it easier to cover other financial obligations. For instance, the couple recently paid off their entire house and don't have to worry about mortgage payments anymore. Now, they will have far more money to Redditor edited his post after receiving a bunch of comments to include an important detail. He recommended keeping a monthly journal of your finances and jotting down some notes. This journal serves two benefits. The first advantage of a financial journal is that you can track your progress regularly. You can record entries at the end of each month or opt for a daily journal. The second perk is that a financial journal allows you to document your progress. The couple revisits journal entries from previous years to see where they were and compare them to where they are now. It's easy to look at how far away you are from a goal, but journaling allows you to recognize how much you have accomplished. Then, it's easier to move toward the target. Read Next: Donald Trump just announced a $500 billion AI infrastructure deal — . 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article A 38-Year-Old Father Shares How He Paid $388,000 In Debt After Listening To Dave Ramsey: 'We Held Off On A Lot Of Big Purchases' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
