Why Conscious Economics Is the Leadership Style of the Future The pandemic reinforced the truth that consumers have the power. It s now up to leaders to understand the impact their decisions have on others.
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Despite the worldwide impact that the pandemic has had on our lives (personally and professionally), it like most things in life is not without a silver lining of sorts. For instance, as the coronavirus spread across the globe, people in every country became more aware of their own health and the impact their personal lives could have on others. That awareness also brought about multiple shifts in the way that businesses the world over conduct themselves, their teams and their daily operations. Customers began to realize that they could receive the same
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On January 25, TL Insider hosted Rajan Bansi, head of RBC InvestEase ®, and Rhiannon Rosalind, CEO of the Economic Club of Canada, for an essential Fireside Chat on building financial resilience for Canadian youth. Moderated by Jason Maghanoy, head of business development at St. Joseph Media, the discussion spanned first jobs, the benefits of having financial role models, and our emotional and social relationships with money.
Addressing financial illiteracy among Canadian youth was a major discussion point, as Rhiannon and Rajan shared their stories of growing up with compromised ideas of how to manage their finances. This is an ongoing problem among Canadian youth, many of whom enter adulthood feeling confused and intimidated by money management. For Rajan, breaking this cycle starts with “having an open discussion about money” and rejecting the stigma of money talk being taboo.
Debunked: 7 Myths to Unlearn About Investing
Including some helpful tips to become more financially literate
In a similar way that we take the time to exercise or eat healthy to take care of ourselves physically, staying on top of your finances through education and investment opportunities is also a small commitment you can make today for a brighter tomorrow. So why is it that only a fraction of Canadians are actively investing for their retirement? While the circumstances of our finances may differ greatly from person to person, financial illiteracy has impacted the way many Canadians approach investing especially young adults.