Money plays a large role in our everyday lives. We use it to pay bills, buy food, and supplement our recreational activities. Few activities are handled by bartering or being completely self-sufficient. There are still communities around the world where people grow their own food, make their own clothes, and choose to live completely off the grid. Those people are…
According to the U.S. Department of Labor, the Fair Labor Standards Act (FLSA) “sets wage, hours worked, and safety requirements for minors (individuals under age eighteen) working in jobs covered by the statute.” The FLSA also states that the legal working age in the United States is fourteen years old, with limitations on the number of hours and type of…
According to Forbes annual billionaire list, as of 2021, the world has 2775 billionaires. The United States has the most, with 724, followed by China with 698. This is a very small group of people, and the list is even smaller if we break it down by demographics. One of the smallest demographics is Black billionaires that are women, which…
Economic downturns and recessions can be very hard on families. In the 2008 recession and currently during the Covid-19 pandemic, we see the impact it’s having on families in the form of high unemployment. Some explicit impacts recessions have on families are loss of buying power, the inability to keep up with recurring bills, and the inability to keep up…
As of March 13, 2021, Bitcoin is trading at $59,920. To think that this same cryptocurrency was only trading at $1 in 2011. There are many accounts of companies that are trading astronomically higher today than their initial public offer (IPO). Apple, Google, and Facebook are examples of companies that if you invested in them in the beginning, you would…
Bankruptcy is not a foreign term to many. At one time or another we’ve all heard of Chapter 7, 11, and 13–which are all types of bankruptcy. The different types of bankruptcy get their names from the chapters of the U.S. Bankruptcy Code. Bankruptcy received an increase in attention in the media due to the 2016 presidential election between former…
Goals are an important aspect of human existence. We rarely find ourselves in a state completely suitable for human existence without any manipulation from human labor. Modern society is the result of humans laboring to make a harsh environment more comfortable for human living. As we make the environment more satisfactory to our liking, our focus has shifted to more…
Today’s blog post is from a longtime friend and schoolmate of mine, Nicolos Beckford. He is a brilliant and intelligent person, to say the least. When he told me that he had been keeping up with the FIYUMONEY.COM blog, I was more than flattered. He sent me this post where he discussed the importance of customer service and some tips…
Since the first case of Covid-19 in the United States early this year, it has impacted all aspects of life. Many activities once considered harmless now have to be approached with caution. A simple gathering of people with casual interaction can be a breeding ground for the virus. It has greatly impacted traveling, especially traveling by plane. This led to…
Everyone makes decisions differently. Some people are impulsive, and some people scrutinize a decision to the point of no action. These are extreme cases, and somewhere in the middle is a healthy place to be. Opportunity cost is an economic concept that, if you’re familiar with it, can help anyone make better decisions. There’s a great chance that many of…
Rohman Rory Hemley
Nicolos Beckford