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Monthly Archives: June 2016

“A hundred times every day I remind myself that my inner and outer life are based on the labors of other men, living and dead, and that I must exert myself in order to give in the same measure as I have received and am still receiving…”

 

ALBERT EINSTEIN

STUDENT DEBT WOES PLAGUE CANADA

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Suzanne Sharma

April 8, 2016

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It took me almost a decade to pay off my student loans.

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Three years after graduation, I finally secured a stable, full-time job. By then, the added responsibilities of rent, bills and other expenses meant that I couldn’t pay my two loans off as quickly as I’d hoped. Still, I only owed $15,000. Most students today aren’t as lucky—and it’s only going to get worse.

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Although 94% of Canadian graduates get a job within two years, the Council of Ontario Universities says the average salary two years post-grad has remained at $49,000 since 2008.

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Meanwhile, the Canadian Federation of Students warns annual tuition fees could rise to $19,900 in 2035-2036. And plans like the Ontario Liberals’ recent initiative to raise the Canada Student Grant to a maximum of $3,000 for low-income, full-time students are simply bandage solutions for a bigger problem.

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Student debt is in a bubble—the price of the asset (i.e., the loan and interest costs) no longer reflects the value of the asset (in this case, a graduate’s future income stream). And, worse, that price is rising while the asset value is stagnant.

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What makes a bubble?

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Economist Hyman P. Minsky notes a bubble occurs when there’s:

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  • displacement due to a new paradigm;

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  • a boom where prices rise slowly and then more quickly;
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  • euphoria where investors don’t worry about future risks;
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  • profit-taking by shareholders; and

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  • panic when investors face plunging values of their holdings.Current low interest rates are making loans even more attractive to students, leading young borrowers to take on more debt than they can handle because they aren’t thinking about future risks.

  • But loans are only provided to students who can pay them back, right? Wrong. To be eligible for a federal student loan, you must be: a Canadian citizen or permanent resident; enrolled in a full- or part-time program that offers a degree, diploma or certificate by a designated post-secondary school; and not have exhausted your lifetime limit for financial assistance.

  • Credit is only checked if the student is 22 years of age or older, and applying for her first federal student loan.The government doesn’t require students to fill out detailed financial histories; it isn’t asking about repayment strategies. So students aren’t thinking about the realities of debt.

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  • And that’s where advisors must step in. Have frank discussions about what it means to take out a loan. The government may offer your client’s child $10,000 annually, but she doesn’t have to use the whole amount if she only needs $8,000. Explain how blowing that extra $2,000 on pizza each year, for instance, will amount to the costliest pizza she’ll ever have, thanks to interest.

  • Help students come up with repayment plans, which could include monthly payments from a part-time job or loan consolidation. And have them actively pursue financing options, like scholarships and bursaries.2.5%The cost of education will rise at a rate of 2.5% above inflation annually over the next two decades.

  • Source:

  • The Canadian Federation of StudentsCombining more sensible tuition fees with advisors who help students better plan for education costs would lessen the burden of student debt on our economy.Consider this: in 2012 to 2013, the Canada Student Loans Program provided $2.6 billion to more than 472,000 full-time post-secondary students. If this bubble bursts, we won’t have the younger generation’s spending power to prop the rest of us back up like we have in other crashes—they’ll be the ones drowning in debt.

  • Suzanne Sharma is Deputy Editor of Advisor Group.

  • Email her at Suzanne.Sharma@rci.rogers.com

  • Originally published in Advisor’s Ed

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http://www.advisor.ca/news/industry-news/student-debt-woes-plague-canada-203241?utm_source=EmailMarketing&utm_medium=email&utm_campaign=Midday_Newsletter
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https://beyondrisk.wordpress.com/2016/06/22/student-debt-woes-plague-canada/

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A PERSONAL NOTE:

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My generation (pre-b0omer) were very lucky.

Jobs were readily available for those who graduated from university.

Today’s graduates are lucky if they get at job at a fast food restaurant.

How and why did this happen?

Who is responsible?

Government and industry failed to get the job done for the past 30 to 40 years.

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OUR ECONOMY DOES NOT HAVE AN ECONOMIC SHORTFALL IT HAS A CULTURAL DEFICIT – A FAILURE TO INVEST IN EDUCATING CHILDREN

 

It is time to resolve the problem.

The current generation deserve much better.

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Dan Zwicker

Toronto

Canada

06/22/2016

 

CYDCOR

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MO?

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“Simply put, we are the experts in sales.”
Cydcor is the largest provider of outsourced sales services in North America. In fact, we have been recognized as the most trusted name in customer acquisition, serving FORTUNE 500® and emerging companies since 1994. With locations throughout the United States and Canada. Cydcor is wherever our clients need us to be.

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http://www.cydcor.com/

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http://www.cydcor.com/company.php?gclid=CMmK9e_6_8wCFQ6maQodXK4BPA

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WHY THESE REPORTS?

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http://ethanvanderbuilt.com/cydcords-max-video/

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https://www.youtube.com/watch?v=8eZ1LXRUHMA

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https://www.google.ca/?gfe_rd=cr&ei=VUplVabXJemM8Qew64H4AQ&gws_rd=ssl#q=cydcor+scam

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http://cydcor.pissedconsumer.com/unprofessional-abnoxious-rude-false-representation-20141220572479.html

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WHY?

lg2

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CONFIDENCE – REVEALED – BRAVO

A BRAVE BUT SAD COMMENTARY ON THE  NORTH AMERICAN ‘CULTURE’ OF WEIGHT

 .https://beyondrisk.wordpress.com/2016/06/11/confidence-revealed-bravo-a-brave-but-sad-commentary-on-the-culture-of-weight/

 

Why this woman’s first-ever bikini photo is taking over the internet

HelloGiggles

June 7, 2016

https://ca.style.yahoo.com/why-woman-first-ever-bikini-010703922.html

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“I’ve spent the past 18 years of my life waiting,” writes 21-year-old Lesley Miller on the Love What Matters Facebook page. Since these words were first posted on June 2nd, Lesley’s post has acquired over 30,000 likes and for a downright inspiring reason.

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“I kept my body covered up and hidden away,” Lesley reveals. “I told myself that one day I would finally let myself be seen; I would finally do all of the things I dreamed of when I was enough. Thin enough, happy enough, confident enough. When my body looked the way that it was ‘supposed’ to.”

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Miller explains that she’s always felt ashamed of her body, which has caused her to remain silent in the past. At age 3, she began fighting her body when classmates asked why she was bigger than they were. They also wondered why she wasn’t able to wear the same smock as them.

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“When I was seven, I lied to the lady at Weight Watchers, desperate to sit in on meetings full of middle aged women trying to shed a few pounds,” writes Lesley. “When I was nine I went to weight loss camp and stood in line the first week to take my ‘before’ photo.”

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When she was only 11 years old, Miller’s surgeon told her that she would be much happier after he cut into her stomach. At the time, she was the youngest person to undergo weight loss surgery. Four years later, Lesley still wasn’t happy and began self-harming.

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“When I was twenty, I lost half my body weight in nine months, my worth for the day solely determined by the number on the scale being lower than the day before,” Lesley divulges,asserting: “And then I got tired of waiting.”

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Now that she’s 21 years old, Lesley’s perception of herself has changed – for the better. “I bought my first bikini. EVER,” declares the young woman. “You can see it all. Weird bulges and rolls of fat. Hanging excess skin. Stretch marks, cellulite, surgical and self harm scars. Awkward protrusion on my abdomen from my lap band.”

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To conclude her empowering story, Lesley writes, “I want to learn to love all of myself, not just the parts I’ve been told are ‘acceptable.’ Because the secret is, I was always enough. And you are too. ”

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Ultimately, Lesley’s words remind us that all bodies – no matter the shape, size, or color – are bikini bodies.

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The post Why this woman’s first-ever bikini photo is taking over the internet appeared first on HelloGiggles.

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CONFIDENCE

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MOVING FROM ‘ME’ TO ‘WE’

 

THE MOST EFFECTIVE VALIDATION IS SELF-VALIDATION

https://www.linkedin.com/pulse/education-moving-from-me-we-dan-zwicker

 

           

 

 HOW TO STAY MARRIED

AN INTRODUCTION

TO THE ART

OF

JACK ZWICKER

http://artbyjackgroup.com/

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A PERSONAL NOTE:

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Jack Zwicker, my brother,  is a successful lawyer whose personal passion is landscape art.

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I am very proud to present his work for your viewing pleasure.

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Dan Zwicker.

 

 

 

 

 

 

 

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