What does the average American misunderstand about their financial situation?
First, I think it’s important to recognize that Americans (and people in general) are incredibly passionate about doing the right thing for themselves and their family. Most people aren’t trying to fall into these precarious financial situations. However, the financial system is incredibly complex and the industry often takes advantage of this complexity to confuse customers even more.A lot of times the institutions that are meant to protect and help the consumer have incentives that are completely against the consumer. Investor demands and conflicts of interest can often distract these institutions from keeping the consumers’ best interests in mind.A great example of this is how some banks reorder consumer debits to maximize overdraft fees. Basically your bank doesn’t have to process your account transactions (withdrawals, payments, purchases, etc.) in the order that they occur. They can decide which ones to process first, meaning they can theoretically process that major purchase you made first as a way to drain your account and force a hefty overdraft fee, regardless of whether you deposited enough money beforehand to cover that purchase.Of course not all banks are using this practice, but this is a great example of how institutions can do little things to confuse and take advantage of the consumer. And it is in their benefit to do this which is the most absurd part!What can you do to prevent these tactics? Simply put, educate yourself! And use financial service providers you trust. There are a ton of amazing resources available to learn about your financial health. And there are mission-driven companies, like EarnUp, that are dedicated to helping the consumer get ahead. Take advantage of these products to better understand what is going on and make your life easier. Empower yourself to succeed financially, even if the industry is not necessarily working for you.There is also a huge onus on us in the fintech industry to make sure consumers are well equipped with the knowledge and tools to make sound financial decisions. We believe that people will make the right decision if you present the options in a way that they can easily understand. This is a major part of our mission and drives how we build out our platform and services.
What are the advantages of being married other than legal/financial? Why not just live together?
Marriage has nothing to do with lifestyle arrangements. Marriage also has nothing to do with having children with another person—another lifestyle choice.The reason two people get married is so that they become each other’s next of kin in the eyes of the law. This means that you can get health insurance and medical care, if your spouse works and you cannot. This also means that your spouse can visit you in the hospital, should you fall ill—and, if worse comes to worse, to make your end of life decisions. In other words, people marry because they truly love each other.Shacking up is just a lifestyle preference. In the eyes of society and the law, your live-in is a roommate with benefits. Otherwise, your partner has no special significance to you.Living together outside of marriage is precarious, and you have no protections. Because most uncommitted relationships fail, you have to be prepared to move out and move on at some point, even if that means breaking a lease of signing over your equity in the house to your ex.Living together is far too complicated and gives me none of the benefits that I need from a relationship. I need to know that the man who loves me has the legal authority to be informed if I get sick, or go into the hospital—or if I die, god forbid.So if I’m not going to be in a committed relationship with the man I love, I may as well get a housemate (if I need the money that much) and date.
What are the types of agriculture in different parts of world?
There are really only a few "types" of agriculture. In third world countries (Africa, South America, India, and parts of asia) there is what's called "Subsitance farming." This where the farmers grow only enough for themselves, and have little excess production for sale to others. In some areas farming is done by utilizing the help of animals (mules, horses, oxen, etc.) and augmented with various forms of irrigation--that is that the natural rainful is insufficient to support a healthy crop. With the use of animals though, a farmer can usually produce a surplus (more than his family needs) and can sell the excess crop to others. And then, in industrialized countries (US, Europe, Australia) farming is done by mechanized equipment (tractors, combines, etc.) using fertilizers to increase yields. Quite often the farmers in industrialized countries will also use irrigation as a means of insuring adequate water supplies.
What is the most important thing to you in a relationship, and why?
Communication, Trust, Mutual Feelings & Personality It doesn't matter if your overweight or to thin to fall in love with someone and have a relationship with. I mean, sad to say these days a lot of people just wants looks more than personality. But I think its more better when you don't look at people who are only beautiful or handsome on the outside, you should look at someone who is beautiful or handsome on the inside. Better if their both then that's more better for some people.
What is another name for The Great Depression?
I searched around the internet and I got "The Dust Bowl Days" You can search this word to have more info.