Love and money survey shows big changes in how couples manage finances | Money
Money and relationships—can the two ever exist in harmony? shopping at Goodwill when you need to update your threads, but your spouse loves to buy name-brand items at full price. Then, work toward establishing financial trust again. During this time, the value of a unit of currency was tied to the relationship between the trade-weighted U.S. dollar and the price of gold. Gold Trust (GLD) and the Gold Miners Index (GDX) are connected to gold prices. When transactions are executed and settled on a distributed ledger, counterparties don't need to have an established trust relationship. If each.
The application of this technology in real estate will make waves by increasing transparency, expediting lengthy processes and overall reducing the costs of transacting.Relationship between bond prices and interest rates - Finance & Capital Markets - Khan Academy
Leading-edge businesses and investors across many industries have begun to recognize that this technology holds the key to revolutionizing the way money, assets and securities are transferred, accounted for and reconciled. The goal is to harness blockchain technology to save time and money for businesses and their customers — the product of which will be increased trust and transparency in many currently opaque industries.
One beneficiary will be the financial markets, where the pricing of complex derivative instruments exotic options on securities, equities and commoditiesincluding those on mortgage-backed securities, contributed to the financial crisis. Trust is the key element of blockchain technology. This opens up new avenues of customers for businesses operating on blockchains. Here is a real-world example in the insurance industry: SafeShare Global is a modern insurance company that has a unique edge: Companies such as AirBnB and Vrumi allow users to rent out space to interested parties, however, this means the hosts need to be comfortable letting complete strangers into their homes.
This is where insurance plays an important role: It is important to note that typical home insurance policies do not cover individuals or families when using residences as unregistered quasi-hotels, which forces space sharing companies to offer their own insurance.
Vrumi, a startup launched inhas partnered with SafeShare Global because they cannot afford to self-insure like some of their competitors. Once a Vrumi host and renter are matched, and the host opts-in for insurance through the website, the material information about the policy gets directly uploaded onto a distributed ledger.
That is, a value cannot be created in isolation.
Why gold and the US dollar have an inverse relationship
It needs a plurality of parties — opening the door to the application of quantum mechanics physics to money. Everything in our fragile world is connected. Call it energy, entropy, destiny, fate, it hardly matters; the point is: In quantum physics, whenever two particles are connected information registered by one particle will affect its counterpart.
What are debtors and creditors but economic agents whose money is entangled? By contracting a debt you owe someone a certain amount of money, which states that someone else is entitled to receiving that money.
However, if you think these are just different terms for known events, like contracts, defaults, etc, I urge you to reconsider.
A contract, for example, is a way to express rights and duties between a set of economic agents. If it sounds too weird, think of it like this: Logically, there is a cause-effect between linked particles. When one is affected, so is the other. While a contract expresses the nature of the relationship between agents, entanglement expresses the connection between their money.
Blockchain’s Big Innovation is Trust, Not Money
If all money is entangled, how should we measure it? If fiat-money fosters unstoppable growth, having little care of how money is redistributed among all economic participants, there seems to be another misconception about our current financial system. One that is vital. I really do not understand how can growth promote stability, if the only way we grow is by uncontrollably printing money to boost the economy. There are, however, other ways to measure the success of each individual agent.
Economics usually measures happiness with a mechanical approach. Just as in thermodynamics, we are beings converting energy into work — so logic dictates that the happiest beings are the ones who can spend less energy and create more work.
In other words, the less energy you spend and the more work you get done, the happier you are. In general, the more money one has the happier that person is. The key metric is, of course, how much money does everyone have. A better distribution of wealth is key to a fairer society and general happiness.
Our target should always be to promote measures that raise the minimum bar and not the maximum. Alternatives to Growth The most important property of money, its entanglement, dictates the value of a single dollar will not only affect the person receiving it but the entire group as a whole.
As it happens within networks, the more redistributed money is, the more all agents benefit. If I receive more money, I will most likely spend more of it; so on and so on. This domino effect is what matters: An example used by many economists to understand the above concept is the following: The said wealth was most likely being spent in the same economy due to geographic restrictions. Of course, as any data scientist would tell you, velocity by itself means nothing.
Data can only tell you a story if you know how to ask the right questions. Store Of Value vs Medium of Exchange Independent of my feelings towards fiat-currency the truth is that it works as a currency because people trust it will be accepted by other peers.
This property has become attached to our definition of money, as most consider for an asset to be considered as money it needs to be accepted by many. So far, the line has been drawn geographically and politically. A slightly different approach is to base our assumption, however, what people need is a way to convert some money into a proxy accepted by many, not to hold the actual currency accepted by others. That proxy may or may not be a fiat-currency.
Due to the emergence of Bitcoin, and its proven resilience to price swings, crashes, and manipulation, both properties can and will eventually disappear. Neither one carries the burden alone. Make financial togetherness easier by ensuring that all information is relayed jointly, suggests Manisha Thakor, co-author of Get Financially Naked: You can also set up your online banking accounts so that you each get the same alerts—say, when a deposit over a certain amount has posted to your account or a bill payment is due.
Female breadwinners are feeling the stress. Not everything is peachy in marriages where women are the bigger breadwinners.
Why gold and the US dollar have an inverse relationship
Husbands in these relationships may be happier than most, but the wives? Well, not so much. These wives worry considerably more about finances than men and lower-earning women do, and they are also more apt to identify money as an area of tension in their relationship one particular sore point cited by nearly a quarter of these wives: In a word, pressure.
Many studies have documented the strain that working women feel juggling their jobs while having to keep up with their regular chores at home. In marriages where the wife earns more, household chores rivaled money as the subject couples fight about most frequently, and arguments about grocery shopping, cooking, and taking out the garbage were more frequent than in homes with a male primary breadwinner. Part of the problem, says San Diego psychologist and marriage counselor Jonathan Kramer, is perception.
Meanwhile, some wives may not recognize how much more their husbands are doing, especially if the guys do the cleaning, shopping, cooking, and child rearing differently than the woman would do them herself.
Whatever the reasons, women like Ashley Papke, 31, an office manager in St. Louis who makes almost twice as much as her attorney husband, Erik, 34, are feeling the weight keenly: Outsource what you can. Yes, a monthly or biweekly housecleaner, and takeout or prepared foods, can get expensive. Still, if you can afford at least a few time-and-energy savers without sacrificing important goals, go for it, says MONEY contributing editor Farnoosh Torabi, author of When She Makes More check out an excerpt here.
Harmony on the home front is worth something too.
Blockchain's Big Innovation is Trust, Not Money - CoinDesk
Ladies, your husband may not cook, clean, and take care of the kids as you would. When he takes on a task, though, you have less say in how it gets done and vice versa. Dan Saelinger; Styling by Dominique Baynes No matter which spouse earns more, money has traditionally been the greatest source of friction for couples, and our survey found the same: And both men and women think their partner is the one with the bad spending habit.
Still, the more wives contributed to the family income, the less an issue spending appears to be.