By Karin Mizgala, Co-Founder and CEO Money Coaches Canada
Being grateful has been shown to positively impact our lives. Our ability to experience and express gratitude influences our relationships, our emotional and physical health and even our careers. Yet, we also live in a culture that tells us we need more. This tension is never more obvious than…
“We become what we behold. We shape our tools and then our tools shape us” — John Culkin
Financial structures tend to feel hereditary and enduring, but in reality, they’re very susceptible to cultural forces. Culture shapes everything from the video games we play, to the social norms we enforce, even the conversations we share on…
Diversity is good for business. We know this because data is published consistently proving so. Yet, little to nothing seems to change in the offices we work in each day. Tokenism masquerading as diversity abounds in the workplace while in 2018, CEO-to-worker pay ratio was 287 to 1 at the average S&P 500 company; stark difference from the approximate 20:1 ratio in the 1950s.
Diversity…
Venture capital has traditionally been an industry with tremendous unchallenged power and the ability to tap a company, and watch its founder become a millionaire overnight. However, the coronavirus has pushed VC towards the sidelines, while crowdfunding is stepping in to fill the void by assisting banks and the Federal government to fund Main Street.
Move…
Crowdfunding is looking like it could be the antidote
*bangs head against desk*
We know that multicultural workplaces can expect to generate 19% more revenue and outperform competitors by 35%. Yet, check-writing VCs still aggressively favor white men who graduated from Stanford. Even if they didn’t graduate from Stanford, if at all, white guys funding white guys just…
However, it’s tricky
As of today, for someone to be considered an accredited investor, their net worth (alone or with a spouse) must exceed $1 million, or hit a six figure income target. Banks, corporations and institutions may also become accredited investors. These guidelines were created, along with the SEC itself, as a direct result of…
The long history of investing dates back to ancient Mesopotamia, and the Mediterranean is credited as being the “cradle” of the stock market. Hammurabi’s Code was the first set of comprehensive rules for finance; they described a modern day safety deposit box, banking, the concept of equity and the legal structure for investing. Perhaps more importantly, Hammurabi’s…
Investing in startups and early stage ventures is no longer the exclusive domain of the wealthy anymore, thanks to the JOBS Act. However, nearly 50% of millennials aged 25 to 34 say that they don’t have the money to invest, but staying away from the stock market could cost them over $3M in their lifetime. That means there’s a…
For what it’s earth
Founded in 1970, the original spirit of Earth Day was green living and to teach as many university students as possible about the earth. That’s actually why Earth Day is in April—because it’s before summer break. This green initiative received “electrifying” support from folks across the US who were also worried about the state…
We should all be aware of the data by now; yes?. Culturally diverse workplaces outperform homogeneous competitors by a whopping 35% with diverse companies generating 19% more earnings than unvaried business cultures.
So it should be to the surprise of no one, companies with teams that accurately reflect their demographics perform better. Yet in industries across the board, especially in…