money
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Winners and Losers: a cashless society
In Sweden, cash retail transactions have fallen 80% Digital transactions in China have risen from 4% in the past 20 years to 34% in 2017. A cashless society provides many benefits to society Countries spend roughly 0.5% of their GDP managing physical cash Consumers have better tracking of their money in digital forms, more convenience, Continue reading
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Money
Modern money has no intrinsic value and I think that makes it the most fascinating case study ever The USD is the global reserve currency and 60% of world transactions are dealt in USD That’s crazy The USD is backed by US. But if the country’s economy fails, like Venezuela, Ecuador, or Zimbabwe, then the Continue reading
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why your college doesn’t matter. AT ALL
What college you attend is almost Not important at all. Instead, you should be the type of person who could attend a prestigious college. In fact, it was two professors, one from Princeton, who actually released a paper in 2002 that detailed why attending super-selective colleges had no impact on future career salaries (economic benefits) How did Continue reading
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Living expenses
Personal finance is a topic I’ve always enjoyed studying. How can people, individuals, manage their finances in the most efficient way while also satisfying the economical unlimited wants and desires of being human? How about we do some incredibly rudimentary examples of personal finance: $1000 apartment or $800 shared with your college friends $15 UBER Continue reading
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Loving what you do
I hope that all of us are able to find something we love to do in life. For me, I love finances. I love the idea of money. I also like having money. But in reality, I dream of a world where no one has to be burdened with the concept of finances. Poverty doesn’t Continue reading
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My name is Jiefo and I like to write sometimes.
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