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Disclaimer: Please note that I am not a financial professional. My videos are my personal experiences and not intended to be used for financial advice.

The Public Interest South Africa organisation is concerned about the worsening municipal debt crisis, which is now affecting Eskom’s financial situation. Recent reports show that many municipalities are failing to meet their debt obligations. Chairperson of Public Interest SA, Tebogo Khaas, spoke to eNCA. #TheSouthAfricanMorning #eNCA #DStv403

Younger Americans face a financial crisis. Their growing debt burden has far outpaced that of older generations, and it’s only getting worse. Generation Z is being hit the hardest, thanks to lower income and the rising cost of everything from food to housing. Bloomberg takes a look at the roots of this problem, and whether anything can be done.

00:00 – 00:54 Introduction to a growing debt problem
00:55 – 03:44 Income and inflation
03:45 – 05:42 Housing costs
05:43 – 07:48 Education and tuition costs
07:49 – 10:37 Doom spending
10:38 – 11:30 What does the future hold for young people?

Read more: How Gen Z Ended Up in So Much Debt ???? https://www.bloomberg.com/news/features/2024-10-31/why-gen-z-is-sinking-deeper-into-debt-explained

Young Americans today face a serious debt crisis. And it’s making the American Dream seem more like an illusion.

Both Gen Zers and younger millennials were hit by a nasty one-two punch — the Covid-19 pandemic and then the worst inflation in decades — at critical points in their financial journeys. Now, those aged 18 to 29 are carrying $1.12 trillion of debt, according to the Federal Reserve Bank of New York. While that only makes up 6.3% of the total $17.8 trillion in US consumer debt, it’s still a huge burden to carry at an early point in their financial development.

Such an enormous debt burden has contributed to financial pessimism among young adults that’s changing how they work and spend money, key shifts that may have implications for not just their future finances, but also the broader US economy.

#Debt #Economy #Business
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This report from India’s Insolvency and Bankruptcy Board of India (IBBI) examines the potential for mediation as a dispute resolution mechanism in corporate insolvency cases under the country’s Insolvency and Bankruptcy Code (IBC). The authors, an expert committee appointed by the IBBI, consider the effectiveness of mediation in different stages of the corporate insolvency resolution process (CIRP), including pre-commencement, post-commencement, and liquidation stages. The report compares India’s current legal landscape with various international jurisdictions, including the United States, the European Union, Italy, France, Spain, the United Kingdom, Romania, Greece, Japan, Singapore, and Germany, in order to understand the benefits and challenges associated with mediation in insolvency cases. They provide specific recommendations for the implementation of a mediation framework within the IBC, emphasizing the need for a phased approach, a robust operational framework, qualified mediators, and cost-effectiveness. The report also underscores the importance of preserving the core objectives of the IBC, including timeliness, value maximization, and the balancing of stakeholder interests.

In this insightful video, we present “Eight Tips to Become a Millionaire in 10 Years.” Discover the essential strategies that can lead to significant wealth accumulation over time. We emphasize the importance of avoiding debt and starting early investments to maximize your financial growth. Learn how saving 15% of your income can create a strong foundation for your future. We’ll discuss ways to increase your earnings, cut unnecessary expenses, and stay focused on your financial goals. Collaborating with investment experts and consistently following your financial plan are also crucial steps on your path to millionaire status. Join us to explore these powerful tips that can transform your financial future!

How To Become A Millionaire In 10 Years | Review & Facts

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#IncreaseEarnings
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DISCLAIMER
The material provided on this channel & in this video is for educational purposes only and should not be considered financial advice. Always consult with a qualified financial advisor before making any financial decisions.

Copyright Disclaimer Under Section 107 of the copyright act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favour of fair use.

Struggling to get a handle on debt?

In this video, I break down the difference between debt consolidation and debt settlement to help you understand which option might work best for your situation.

Learn how each approach affects your payments, credit, and overall financial goals.

Budget sheet: https://www.square1accounting.com/_files/ugd/7e2248_c7d700c870b74869aa2e278d268a5fac.xlsx?dn=2024%20Budget%20%26%20Debt%20Managment%20Worksheet.xlsx

Budget App: EveryDollar

Debt Consolidation Card offer: https://www.citi.com/credit-cards/compare/balance-transfer-credit-cards

Dehan Scherman – Compliance Officer, National Debt Advisors SAfm Market Update – Podcasts and live stream (https://www.moneyweb.co.za/category/moneyweb-radio/safm-market-update/)

South African Airways (SAA) has successfully emerged as a debt-free entity, marking a significant turnaround for the national carrier. However, during a recent session with Parliament’s Standing Committee on Public Accounts (Scopa), it was highlighted that SAA now requires a capital injection to regain its former stature within the aviation industry. This funding is essential for progressing plans that have been stalled due to the anticipated R3 billion investment from the Takatso Consortium. As discussions continue regarding potential partnerships and loan options, SAA’s leadership underscores the urgency of securing an equity partner to enhance competitiveness and drive growth in both regional and international markets.

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