Personal Finance. How to handle your life in the world. US finance, European Approach and Asia approach

Studying economics is more than understanding the economy. It’s about analyzing how individuals, groups and countries manage and use their resources. Economics is a broad subject—so much so that it’s broken down into macroeconomics (looking at the economy as a whole) and microeconomics (focusing on individual decisions). Both aspects are important to inform future choices and forecast market trends, and by studying them you’ll develop skills to take into any ambitious career. So what’s the deal with getting an education in economics? We’ve put together our top five reasons below, so you can make an informed decision about your future in economics. 1. Economics is everywhere Economics is a part of everyday life, and it’s also the gateway to the future. Studying economics gives you a better understanding of market dynamics and from there, you’ll be able to apply your knowledge to different organizations you go on to work with. The field of economics is also growing at a rapid rate. Cryptocurrencies and fintech are redefining today’s landscape, and those with a solid economic understanding will be those who lead us into a future of limitless possibilities. 2. Make an impact Economics allows you to drive positive change. It’s a field of study that’s interwoven with technology, management, entrepreneurship, and humanitarian progress, so our programs take a hands-on approach to introduce you to these different aspects and their potential for unlocking growth. Our economics programs also enable you to understand the links between these different but interrelated areas, so your future decisions are fully informed. As the economy is constantly changing, with your knowledge, you’ll be ready to influence business decisions and adapt to fluctuating markets effectively. 3. Gain an international perspective Economies work in tandem with each other. The links between them will give you an international understanding of how the world works and reveal insights into different cultures, people, and societies. 4. Develop transferable skills Studying economics develops a lot of soft skills for you to take into any career. In particular, economics puts you in a prime position to develop your analytical and complex problem-solving skills. Other important skills for our globalized world include communication and cultural awareness, which you’ll also hone with an economics program. Additionally, you’ll improve your business knowledge—an asset that is essential in every corner of the working universe. 5. Boost your career prospects Economics is the backbone of any sector and you’ll be able to apply your knowledge across a variety of roles. With economics, your potential career paths include (but aren’t limited to!): finance, banking, insurance, law, and governance. Of course, a deeper knowledge of economics opens up more senior roles—and with a master’s degree in economics, you’ll be in the running for high-level positions. According to the World Economic Forum’s Future of Jobs Report, analytical thinking and complex problem-solving skills are at the top of the list of most important skills for 2025. Economics graduates are already in high demand, which is only going to increase as their unique skill set becomes more sought-after.

Entrepreneurship Accelerates Economic Growth Entrepreneurs are important to market economies because they can act as the wheels of the economic growth of the country. By creating new products and services, they stimulate new employment, which ultimately results in the acceleration of economic development. So public policy that encourages and supports entrepreneurship should be considered important for economic growth. A large number of new jobs and opportunities are created by entrepreneurship. Entrepreneurship creates a huge amount of entry-level jobs that are very much important to turn unskilled jobholders into skilled ones. It also prepares and provides experienced workers to large industries. The increase in the total employment of a country largely depends on the rise of entrepreneurship. So the role of entrepreneurship in creating new job opportunities is huge. By bringing innovation to every aspect of businesses, entrepreneurial ventures enhance production utilizing the existing resources in the most effective ways. Entrepreneurs develop new markets by introducing new and improved products, services, and technology. Thus, they help generate new wealth and add more to the national income. So the government can offer the citizens more national benefits. 2. Entrepreneurship Promotes Innovation Through the right practices of research and development, entrepreneurs bring new innovation that opens the door of new ventures, markets, products, and technology. Entrepreneurs have a role to play in solving problems that existing products and technology have not yet solved. So by producing new products and services or bringing innovation to existing products and services, entrepreneurship has the potential to improve peoples’ lives. 3. Entrepreneurship Can Promote Social Changes Entrepreneurs change or break the tradition or cultures of society and reduce the dependency on obsolete methods, systems, and technologies. Basically, entrepreneurs are the pioneer of bringing new technologies and systems that ultimately bring changes to society. These changes are associated with improved lifestyle, generous thinking, better morale, and higher economic choice. In this way, social changes gradually impact national and global changes. So the importance of social entrepreneurship must be appreciated. At Duke, the Innovation and Entrepreneurship Initiative has a special program aimed specifically at Social Innovation. The program is “building upon and extending the strengths of the university to create a transformational learning environment to inspire, prepare, and support entrepreneurial leaders and scholars to turn knowledge into action in pursuing innovative solutions to the world’s most pressing problems.” For example, one of the most recent projects of the initiative is the Duke-UNICEF Innovation Accelerator, which is focused on entrepreneurship for menstrual health and hygiene for women and girls in vulnerable communities in three African countries. 4. Entrepreneurship Promotes Research and Industrial Development Along with producing new business ideas and thinking out of the box, entrepreneurs also promote research and development. They cultivate their ideas, shape them into a new form, and turn them into a successful business endeavor. Entrepreneurs are a special kind of people, they are always working to discover new ideas and improve existing ones. But their impact extends beyond their own companies and ventures: when an entrepreneur develops a new product, service, or idea, others often follow (and sometimes even further refine the ideas). Innovation and industry is accelerated through the combined action of entrepreneurs. They can motivate each other, share ideas and inspiration, and share planning to establish new industries. The change of the existing industrial climate opens the doors for others at the same time. Therefore, we see that the importance of entrepreneurship to the economy is multi-functional. 5. Entrepreneurship Develops and Improves Existing Enterprises We often think of entrepreneurs as inventing totally new products and ideas, but they also impact existing business. Since entrepreneurs think differently, they can come up with innovative ways to expand and develop the existing enterprises. For example, modernizing production processes, implementing new technology in the overall distribution and marketing processes, and helping the existing enterprises to utilize existing resources in more efficient ways. To sum up, supporting and promoting entrepreneurship can have a positive impact on the country’s economy and even existing businesses, and social entrepreneurship increases the likelihood of finding innovation solutions to social challenges faced by communities around the world.

Real estate finance describes, explains, and encompasses the various methods by which individuals intend to purchase a home, a plot of land, or another type of property. Unsurprisingly, the vast majority of Americans require loans when purchasing a home. These loans, and the terms that come with them, are often overwhelming and confusing for homebuyers. For that reason, they'll more than likely turn to consultancy for help. Many things come into play when it comes to when applying for loans, such as credit reports, asset, and income verification, appraisals, and titles. With that said, it’s extremely likely that each client you do business with will have a different situation to work through. Thus, it’s advised that agents enroll in education courses that review these circumstances and provide agents with the expertise to better serve their clients. Understand the basic concepts and key terms of real estate financing and the key terms Describe how to qualify a buyer for the most common types of loans Understand the use and function of escrow accounts Determine what a mortgage insurance premium is Understand the process of underwriting its guidelines Identify the three most common types of loans Distinguish how to use conventional qualifying ratios Describe VA eligibility and qualification periods What's a REIT (Real Estate Investment Trust)? REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

What exactly is business communication To understand what business communication is, let’s focus on the term ‘communication’ first. What does ‘communication’ mean? The word communication usually refers to talking, speaking, writing, or sending information to another person. The whole idea of communication is very complex and focuses on various aspects, many of which include: Ensuring the message has reached the target audience ensuring the receiver of the message understands and responds to it, if necessary ensuring, as the message sender, that you communicate with manners and with appropriate precision and clarity The role of communication in business Business communication entails every sort of communication that occurs within a particular business environment. Business communication contributes to the development of an ability to influence others, bringing about changes in the attitudes and views of people, driving motivation, as well as creating and maintaining professional relationships. Many scholars and business owners agree that it is the most important foundation skill for anyone in the world of work. Just think about your very first encounter with a company you are currently working at. Would you have gotten this job without professional communication? In these times of fast-progressing globalization and growing demand for teamwork, communication skills are absolutely crucial to the success of any business, regardless of its size. This helps streamline workflows and avoids overworking employees, which could lead to bad sleeping routines and poor decision-making. A rested employee is a productive worker! Now that we know what business communication is, as well as how important it is, let’s explore the different types of it and look at some examples of them.... book my class to know MORE!