Making small changes in our everyday lives is one of the oft-talked about ways to reduce our impact on the environment. But have you ever thought about how the stocks you invest in could make a difference?
You’ve walked past a store and seen a gorgeous pair of jeans, walked in, checked the price, and immediately walked straight back out. We’ve all been there. New clothes are expensive!
On paper, investing money seems like a no-brainer. You put a portion of money away and let time turn that loose change into a small fortune. So why wouldn’t you do it?
If the word ‘debt’ immediately sends a shiver down your spine, you’re not alone. But debt doesn’t need to be a dirty word. In fact, some debt can even be kind of, well… good.
Back in 1907, a landmark Australian labour law ruled all employees were obligated to be paid a wage that “guaranteed them a standard of living reasonable for a human being in a civilised community”. At the time, this wage was seven shillings per day or 42 shillings per week.
The great Albert Einstein is alleged to have described compound interest as the eighth wonder of the world. “He who understands it, earns it; he who doesn’t, pays it,” the famous scientist apparently said.