Finance

Meet Thrilling, An Online Marketplace That Supports Small Vintage Stores

When the pandemic hit, Thrilling, an online marketplace that offers vintage and secondhand clothing from small businesses around the country, cut its commissions for the first two months. After brick-and-mortar businesses were forced to close their doors, and thus lose their main source of income, founder and CEO Shilla Kim-Parker knew that those owners needed every dollar they could make. Thrilling then released custom-printed vintage T-shirts to raise money for the 100+ stores it carries (you can still purchase them or donate to stores here). When protests started around the country, following the murder of George Floyd at the hands of the police, Thrilling curated a collection of clothing from Black-owned vintage stores — although, as a Black woman, Kim-Parker had amplified these businesses since the start of Thrilling, giving them the exposure they desperately need in a fashion industry that still prioritizes whiteness.

Kim-Parker, whose prior careers were in

Read More

Britain’s biggest businesses make net zero pledge

Severn Trent boss Liv Garfield - Heathcliff O'Malley
Severn Trent boss Liv Garfield – Heathcliff O’Malley

Some of Britain’s biggest business have committed to cut their carbon emissions to net zero by 2040 as the UK gears up to host crucial international climate talks next year. 

EasyJet, Pearson, Deloitte, Standard Chartered, Unilever and Severn Trent are among almost 50 public and private companies making the pledge ahead of a major meeting on Monday between ministers and business leaders to discuss how businesses can help protect the environment. 

The UK has a legally binding target of reaching net zero emissions by 2050, and ministers are keen to set an example as the UK gears up to host the 26th United Nations Climate Change Conference (Cop 26) in Glasgow next year. 

The conference had been due to take place this year but was delayed due to the coronavirus pandemic. 

The more than 200 business leaders attending today’s online meeting will

Read More

94 Money-Making Skills You Can Learn in Less Than a Year

Learning a new business skill is an excellent way to break into an industry, make yourself more attractive to employers or earn more money and responsibility in your current career. But between work, family and life, the thought of spending years in a classroom can be overwhelming. Fortunately, you don’t have to. It’s possible to learn many in-demand skills in less than a year — some in just a few weeks or months.

Potential earning increases for adding new skills to your resume are wide-ranging, but the more skill you can bring to the table for an employer, the better your advantage over other candidates, the higher your value in your industry and the more negotiating power you’ll have when discussing your wage or salary. Enrich your career and increase your paycheck with these 94 money-making skills and certifications.

Learning touch-typing or 10-key can improve accuracy when drafting documents and … Read More

How much and where do I pay taxes on the extra $600? Your COVID-19 money questions, answered

It’s hard out there. And, in this time of uncertainty, USA TODAY is working to find answers to your money questions – anything from stimulus checks or unemployment benefits to your 401(k) or retirement plans. You can submit your questions here and read earlier answers below.

We will be updating the Q&A, so check back often. But, also look to these places:

There are a few ways you can pay taxes on your unemployment.

You can choose to have them taken out when applying online for jobless benefits for some states. Or you can fill out Federal Form W-4V Voluntary Withholding Request and have federal taxes automatically have taxes taken out, according to Greene-Lewis. When you fill out the form you can request to have up to 10% taken out, she added. 

Once you are working again, if you have an employer you can adjust your federal tax withholding using … Read More

Here’s how to get the most out of your virtual internship

While some employers have been canceling their summer internships, many have moved online. But these virtual internships come with a new set of challenges for interns.

Instead of impromptu brainstorming with colleagues and morning meetings with managers, interns face isolation, lack of camaraderie, and no in-person lunches with coworkers, making it harder for interns to stand out and to turn internships into full-time jobs.

“These interns need to really prove themselves and work harder than they expected to produce great outcomes and recommendations,” said Jill Tipograph, a career coach and founder of Early Stage Career,. “not to mention lay the foundation for future job opportunities.”

Here are the main challenges that virtual internships pose and how you can overcome them.

Ask people who work there about the company’s work style and protocols for remote work and learn more about the best ways to communicate with your future colleagues. Photo: Getty Creative
Ask people who work there about the company’s work style and protocols for remote work and learn more about the best ways to communicate with your future colleagues. Photo: Getty
Read More

How Millennials are Snapping up the Best Real Estate Investments

Compared to boomers, it’s no secret that millennials are more educated yet less compensated. It’s also not surprising that their circumstances are reflected in the real estate market.

Millennials are slower to spread their wings and leave the nest for a few different reasons. Two examples: They like to travel and starting a family is further down on their “to-do” list.

Online real estate investing has changed the game for young home buyers and investors. Here’s how millennials are investing in real estate and how you might want to get in on the action.

Crowdfunding Real Estate

If you’re new to the real estate investment industry, crowdfunding platforms and startups have become popular in recent years. One of those startups, Roofstock, lists single-family rental homes as an investment opportunity.

Real estate investing might appeal to you instead of owning a primary residence. Think of it as buying your first home

Read More

Dublin Teen Finds Inspiration In Teaching Youth Finance

A reader submission from Logan Lin of Dublin:

I live in a culture where we are measured by our talents and ability. Yet far too often we overlook the importance of inspiration and initiative. Covid-19 in many ways has catapulted generations to be inspired. This period in our history has transformed the way we see our capabilities. Inspiration was always very elusive to me.

I often wondered as a teenager what truly inspired me. During this period of my life I am confined within the four walls of my home, and my interactions with my friends are “virtual”, my mother found creativity in bread making, and I found inspiration while connecting with a friend, Rohan who creates podcasts on Street Fins.

Inspiration needs 3 things: evocation, transcendence, and initiative. My inspiration was evoked by my father at the age of 8 when I first started getting a weekly allowance and

Read More

City watchdog to tackle high-risk investment loophole that has cost consumers thousands

The City watchdog is considering closing a major loophole which allows unregulated and high-risk investment schemes to be sold to unsuspecting members of the public.

Charles Randall, chair of the Financial Conduct Authority, admitted that consumers could be exposed to inappropriate investments because they are sold by regulated firms.

This follows a Telegraph Money campaign which called for this flaw in the rules to be tackled, backed by financial industry grandees including former City minister Lord Myners.

At present, regulated firms are able to sell risky, unregulated investments to consumers. This can lead consumers to believe wrongly that such schemes are safe, given the company selling them has been approved by the regulator.

This loophole was highlighted during the collapse of London Capital & Finance, which was able to say it had authorisation from the regulator while selling unregulated “mini-bonds” to customers. Investors face losing their life savings after the

Read More

Redlining has a lingering effect on black homeownership: study

Before 1968, mortgage lenders used racially-charged language to assess whole neighborhoods for creditworthiness. They then color-coded neighborhoods, which were legally segregated, to determine which residents would be eligible for mortgage loans. 

Greenlined areas received the best credit ratings and the easiest access to loans. While redlined neighborhoods, which had mostly black residents, were deemed “hazardous” credit areas, making homeownership for people who lived in redlined areas almost impossible. Statistics show that other minority groups also faced lending discrimination, but black Americans were particularly negatively impacted by the redlining policy, Redfin found. 

The U.S. may have outlawed redlining more than 50 years ago as a discriminatory policy, but homeowners in formerly redlined areas are still losing money from the racist mortgage lending policy, a new Redfin study shows.

“Redlining policies kept black Americans from homeownership, and that created more segregation in the country, which has been difficult to break and rebuild

Read More

5 Resources to Discover Investing

The onslaught of coronavirus has been ruinous to the global economy. But some are seeing this cloud of uncertainty through an opportunistic eye, including me. In light of the market’s volatility, I’ve been spending a lot more time reading up on financial trends, terminology and general teachings. Regardless of what may or may not happen, I believe now is a great time to learn more about investing. 

S&P’s Global Financial Literacy Survey found that overall financial literacy is low around the world, and that risk diversification is one of the least understood concepts, a particularly relevant topic in today’s economic climate. And this divide is unevenly distributed across gender, social class and race. I reached out to my friend Anna-Sophie Hartvigsen, the cofounder of Denmark’s Female Invest and a 2020 Forbes 30 under 30 recipient, to share some of her recommended resources to help get a balanced view of the

Read More