DEBT: A new study from Lending Tree shows how many of us found a new hobby to pass the time over the past year of isolation. Overall, 59% of Americans took on a new pastime. and some serious DEBT!
· Writing (26%)
Some found a way to take a new hobby and turn it into a moneymaker (with skills like coding or turning photography into a side hustle). On the other hand, there were 53% who ended up increasing their credit card debt…as a direct result of whatever their new hobby was. Using the excuse of “you have to spend money to make money,” that new hobby debt ranged from less than $250 for 17% of the respondents, to more than $1,000 for 24% of them…with everyone else somewhere in between.
It’s probably not a total loss, however, as 79% say they plan to continue on with their new hobby long after the coronavirus era is history.
The Globe and Mail Kelley Keehn Published April 14, 2021
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Financial advisors have a great opportunity to make financial literacy a priority for their clients with families – especially for those with children.
Plenty of studies reveal that most adults – let alone kids – fail basic financial literacy questions about investing, saving, credit and debt. But as important as financial literacy skills are to your clients, knowing their children are being raised “money smart” is likely more of a concern to them than even their own well-being.
Although many parents believe these skills should be taught at schools across Canada – and they should be – the education needs to start at home. Advisors can help them start those conversations.
The legal action by NMC s administrator against Dubai Islamic Bank (DIB) comes after DIB filed lawsuits in neighbouring Dubai. The lawsuits pit UAE s different legal systems against one another and risk complicating the restructuring.
Govt can stop ‘annoying’ sermons over land by listening to its staff
Wednesday April 14 2021
Summary
With three quarters of Ugandans living directly off the land, land grabbing is definitely the most inhumane act being committed by some of the mighty in the land.
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Ugandans marked Easter Sunday of 2021 like no past one, as Kampala’s Catholic archbishop, Dr Cyprian Kizito Lwanga, was found unexpectedly dead on Saturday morning. His already prepared Easter sermon was read for him by Monsignor Charles Kasibante, standing in for the prelate who had left suddenly but permanently.
In his sermon, the dead bishop implored the state authorities to either release the “many young people” being held in detention without trial, or charge them in court as required by the constitution. The dead man’s sermon read in part: “Let us come together and soberly consider the reasons behind the restlessness, the grievances of our young people, and advance lasting solutions t