The month of October. The US election in full swing has left many in high anticipation for what new revelations may sway the polls. But besides all the politics, some really interesting things have happened in the lives of Millennials, Australia, and Fintech. Millennials are a massive target group for many financial institutions, but coming to grips with their spending and saving habits is still slightly territory.
Here the list of ten things that stand out in October: From the average wealth to Australians' riches, Fintech's newest development to extreme minimalism.
Have you ever thought about when you'd feel financially secure? Apparently the figure for many stands at 21,000 GBP.
Finally some advice on entrepreneurship and saving money when divorcing like Johnny Depp and Amber Heard.
1. Millennials are supposed to save almost a quarter of their income for retirement. As true as this rings, don't forget to live.
2. When do you feel financially secure? Brits apparently start feeling okay about their finances when their savings balance hits 21,000 pounds sterling. If you are interested in wealth across the planet, here an overview.
3. A bit of news from Down Under. Australians really are amongst the wealthiest people on earth. And on top of their financial success, they've got beautiful beaches, sun, and some of the nicest people I have met. Sounds like a great place.
4. An interesting take on peer-to-peer (P-2-P) lending. Could fintech really minimize the risk of a financial crisis as seen a few years ago?
5. If you ever get divorced, why not follow Johnny Depp's strategy during his divorce from Amber Heard and save money in spite of a massive divorce settlement?
6. This one is a bit older, but nonetheless really interesting. Is it taking minimalism to an extreme? The guy who owns only 33 items of clothing.
7. Three awesome fintech companies based in Dubai that are gaining ground.
8. Millennials are the new thrifty generation. Just as their grandparents once were. But the average daily spending still seems outlandish if true.
9. The way millennials invest: 44% of millennials versus 60% of baby boomers apparently consider themselves long-term investors - this doesn't sound amazing, but still, considering the age difference between the two groups, it sounds rather okay.
10. Some great advice for bodding entrepreneurs - how to build your client portfolio.