Others

Top 5 Countries Producing the Most Millionaires (And Why)

Kamya Pandey November 24, 2022

According to a recent report by investment banking company Credit Suisse, global wealth per adult increased by 8.4% to US$87,489 in 2021. As expected, this growth in wealth isn’t evenly distributed among all of us, with the top 1% of the world holding on to 45.6% of the world’s financial assets. But where do these wealthiest people live, and why did they get so loaded? To make sense of that, here is a list of the top five countries with the highest number of millionaires per capita and why they are a playground for the rich.

Jumpstart’s Picks: 5 Black Friday Deals You Don’t Want To Miss

Samiksha Jain November 23, 2022

Black Friday is just around the corner, with Amazon, Walmart, Target and Best Buy already rolling out big sales ahead. If you’re wondering where to find the best Black Friday deals, good news—we’ve done the job for you! The Jumpstart Team has compiled a list of the best Black Friday gadgets offers available right now to help you save a good amount of money. Whether you’re looking for a new TV, smartphone, laptop or gaming console, be sure to check out our list of Black Friday deals. You won’t be disappointed!

Why You Need to Update Your Customer Experience Strategy

Samiksha Jain November 23, 2022

We live in a time when customers are always willing to pay for something that provides a great experience. We’re not the only ones saying this: Numbers are backing this claim as well. American Express found that 86% of customers are willing to pay more for a better customer experience (CX). Another report stated that a business that earns over US$1 billion each year could expect to earn an additional US$700 million on average within three years of investing in customer experience. What a big number!

How to Deal With Meeting Overload at Workplace

Nidhi Singh November 22, 2022

Meetings—they’re essential for getting things done in a workplace, but they can also be huge time-suckers if not appropriately managed. A new study from organizational psychologist Steven Rogelberg and tech firm Otter.ai found that, on average, organizations invest US$80,000 on unproductive meetings and could save US$25,000 or more per employee annually by reducing their attendance at unnecessary meetings. That’s a lot of wasted money!

How Much Should a Startup Pay Its Employees?

Arjita Ganguly November 21, 2022

Employees of a startup are essential to its success. They keep the company running to ensure that the vision gets carried out and that the day-to-day operations continue seamlessly. High turnovers can be harmful to a company, especially for startups with less established internal structures, organizations and systems to mitigate handover disruption. This makes retaining employees a particularly important goal for startups.

Your Emotional Guide to Starting Over after Being Laid Off

Alinda Gupta November 16, 2022

The ongoing layoffs from tech giants, like Meta and Twitter, have sent thousands of employees into limbo, wondering what their future will look like. This resulted in not only a feeling of physical displacement but also emotional turmoil. Sometimes, you might be expecting a layoff, for instance, when your company has not been doing well consistently, giving you time to prepare. Other times, it comes like the rain on a beautiful sunny day, disrupting your life and sweeping the floor from beneath your feet.

Champions for Change: An Interview with the Founders of YPSN Hong Kong

Kamya Pandey November 14, 2022

As of 2021, the global maritime industry is worth US$1.6 billion and is expected to reach US$2.9 billion by 2027. For our readers who may not be familiar with this space, maritime refers to the movement of people and goods across the world over water. This industry is the backbone of the shipping sector, handling over 80% of international trade.

Are Millennials Going to Be Able to Retire?

Alinda Gupta November 12, 2022

Over one-third of millennials feel that they will never be able to stop working. Many of them believe that, even though they want to retire before they turn 60, they will be performing some sort of casual job. A CNBC report revealed that 61% of millennials feel that they will be working a part-time job when they retire, with over 10% of them feeling unsure as to what their future is going to look like.

What Is Elon Musk’s Plan with Twitter?

Alinda Gupta November 11, 2022

Elon Musk has always had a love-hate relationship with Twitter. He loves that he gets an audience for his dad jokes on the platform; he hates that few people laugh at them. Musk is the “it girl” from every American high school movie. He is Regina George from Mean Girls; he has all the power, and he has a burn book that he has brought to Twitter.

Major Tech Layoffs of 2022

Nidhi Singh November 11, 2022

The global tech industry has been on a bumpy ride lately, with a slew of layoffs since the beginning of the year. According to a Crunchbase News tally, as of late October this year, over 45,000 tech sector workers in the United States had lost their jobs. The numbers come as no surprise when you consider the soaring inflation rates and that the world might be headed for a recession.

4 Weirdest Failed Startups That You Should Know About

Kamya Pandey November 9, 2022

When we think about the entrepreneurial space, stories of successful startup founders, like Steve Jobs, Bill Gates, Mark Zuckerberg and Elon Musk, flood our minds. But what often goes unnoticed is that these successes are needles in the haystack of startup failures. Around 90% of all startups fail, and many reasons can contribute to a company closing shop—problems with cash flow, lack of market research or even a large-scale market crisis.

Top 5 Recession-Proof Jobs

Kamya Pandey November 7, 2022

A recession is defined as a period of a prolonged downturn in the economic activity of a country. It is commonly understood that if a country sees a decline in its gross domestic product (GDP) for two consecutive quarters, it is going into recession. By these definitions, the U.S. has been in recession since the summer of 2022, and it is not the only country to face recession-like conditions.

What Is the FIRE Movement? How to Find Your FIRE Number

Kamya Pandey November 7, 2022

According to Natixis Global Retirement Index 2021, 36% of Americans believe that they will never have enough money to retire, pointing to a major need to increase your savings early on in your professional career so that you can retire easily. And that’s where FIRE comes in. Financial Independence Retire Early, FIRE for short, is a term that has its origins in the personal finance book “Your Money or Your Life” by Viki Robin and Joe Dominguez.

Why Are Flying Cars Not a Thing Yet?

Kamya Pandey November 5, 2022

In the classic American sci-fi film Back to the Future II (1985), the main characters Marty McFly and Doc Brown travel into the future to the year 2015. The film indicated that 2015 would be the year of flying cars, remote control dog walkers and even hoverboards. This is not the only film to discuss these ideas. Other films and TV shows, like The Jetsons (1962) and Blade Runner (1982), also feature flying cars.

5 Simple Ways to Prepare Your Personal Finances for a Recession

Samiksha Jain November 5, 2022

The economy in the U.S. is crumbling, and many are predicting a recession that could be on par with the Great Depression or worse. Around the world, inflation is soaring, and we can all feel the ground shifting—and with it, so are our finances and investments. Many people are anxious about inflation and sweating over making the right decisions to ensure their financial security when the economy gets sour.