How to Become a Millionaire

By Jeff Schneider

You’ve wondered what the person sitting at the desk next to you is making. How they afforded that all-inclusive trip to the Bahamas and still afforded a new car. 

But did that person sitting next to you just inherit some money? Are they bleeding through an old trust account? Or maybe just burning through savings? Or worse, one of those horror stories you hear about racking up $60,000 of debt on credit cards. 

Perhaps your boss is giving them all those raises you’ve been missing out on the past few years. 

You can’t ask… 

Money is a taboo subject. 

It’s personal and you’d be better off ignoring those neighbors. 

Instead, we are influenced by these neighbors and it has left many people broke just a few years before retirement. 

A recent study of Americans between the ages of 50-64, showed that about 51% didn’t even have a retirement account. And those that did have an account, the average balance in all of their retirement accounts was $46,032. 

The power of RE: Mastering the power of "RE" at work and in our personal lives.

Over the holidays, I spent quite a bit of time thinking about a tiny word with giant implications. The word is “RE”. Strictly speaking it isn’t really a word at all, but a prefix derived from latin and meaning "back to the original place; again, anew, once more.”

I have been thinking about “RE” because it has come to play such an important role in our lives. Modern society, and popular culture in particular, has become obsessed with a quest to re-invent our world. This has resulted in the disruption and restructuring of entire industries - from publishing and entertainment to financial services, travel, and education. Blue Chip corporations and Silicon Valley start-ups alike are obsessed with re-imagining every aspect of our lives. But this pre-occupation with “RE” is not limited to business and technology. Look a little deeper, and you will find evidence of “RE” in almost every

AAYMCA Statement: Farewell son of Africa

The Africa Alliance of YMCAs today are united in grief as we mourn the loss of a

true African visionary, former South African President, Rolihlahla

“Nelson” Mandela. As a young boxer, Mandela would frequently train at his local

Soweto YMCA. During this time the centre was frequently used for

ANC political meetings, serving as a safe place for discussions which would

ultimately shape Mandela’s young mind, and South Africa’s future.

Decades later, his influence is still felt within those historic walls as youth

continue to visit the centre and shape their own thinking and

development.

Mandela led South Africa through her greatest challenge, ensuring that the

revolutionary end to institutionalised discrimination and repression,

Apartheid, was met with relatively little conflict and welcomed with a determined

spirit of peace and reconciliation.

While the world will feel the loss of such a remarkable man, Africans have lost a

leader who steadfastly worked to prove that the continent is capable

of peaceful conflict resolution through leadership that aspires to moral honesty,

tolerance and acceptance.

Born on 18 July, 1918, to the Madiba clan of Mvezo in the Transkei, Mandela spent

much of his life striving to educate himself and standing in

political opposition to an unjust system. His stand against seemingly insurmountable

prejudice is a cause for which he sacrificed much in the face of

great threat to his life and freedom. Following a conviction for sabotage and

conspiracy to overthrow the government, Mandela spent 27 years in

prison, but throughout this time maintained a strong loyalty to peaceful resistance

and the unconditional repealing of the Apartheid system. Following

his release in 1990, Mandela guided South Africa through her first democratic

elections and stepped in as South Africa’s first African statesman

when he shouldered the presidency in 1994. Perhaps his most significant contribution

to African politics is the implementation of South Africa’s

first constitution which is perceived world-wide as one of the most forward thinking

constitutions in global governance today.

Since then, Mandela has received more than 250 awards, many for his humanitarian

work, including the US Presidential Medal of Freedom and the Soviet

Order of Lenin. His work has been internationally recognised through his awarding of

the 1993 Nobel Peace Prize which he shares with former Apartheid

president F.W. de Klerk.

The contribution Mandela played in African politics will forever stretch far beyond

the current South African landscape. His legacy to Africa is true

leadership that is both thoughtful and honest but does not prize retribution and

corruption. Mandela ensured that the African Renaissance has a

framework for peaceful conflict resolution and that in all things, human rights

becomes a principle of long-lasting social evolution.

We mourn together as Africans, in much the same way that we celebrated together the

achievements that Madiba brought through his actions. We are a

better continent today through his determination, sacrifice and unflinching faith in

an Africa capable of peaceful change.

Nelson Mandela never wavered in his devotion to democracy, equality and learning.

Despite terrible provocation, he never answered racism with racism.

His life has been an inspiration to all who are oppressed and deprived, to all who

are opposed to oppression and deprivation.

Mandela is survived by his wife, Graca Machel, 3 children, Pumla Makaziwe Mandela,

Zenani Dlamini and Zindzi Mandela, 17 grand-children and 14

great-grandchildren.

Our thoughts also go to the extended family of his late former wife Evelyn Mase and

his former wife Winnie Madikizela.

As we mourn our deep loss, let us pledge to ensure that Mandela’s legacy lives

through us and that our children are able to fully appreciate the

freedoms he and his peers fought so hard to attain.

Carlos Sanvee, AAYMCA General Secretary

Sipho Sokhela, South Africa YMCA National General Secretary

The Africa Alliance of YMCAs (AAYMCA) is a leading pan African youth development

network on the continent, representing national movements in 20

countries, 16 of which are very active. The first YMCA in Africa was established in

Liberia in 1881, and the AAYMCA was founded in 1977 as the

umbrella body for all national movements on the continent. www.africaymca.org

ControllingTthe Value Chain – Arla foods

Peder Tuborgh, CEO of Arla foods provides proof that the co-operative model is alive and going global.

 

 

In the wake of the financial crisis and occasionally over-excitable examination of the nature of capitalism, co-operatives have been increasingly talked about. They are the alternative model, but one viewed by most as so alternative as not to be worth exploring.

For those who doubt the robustness and contemporary usefulness of co-ops in a global business world, a visit to the dairy farms of Denmark, Sweden, the UK and Germany might be fruitful. Here they would find that the co-operative cream really does rise to the top. The co-operative model is often used in the dairy industry.

In fact, 70 per cent of the major dairy companies in Europe are co-ops. More than 12,000 dairy farms in Europe are members of the Arla Foods co-operative. Arla is best known for its biggest brands — Lurpak, Arla and Castello. It is a large global business — investing in recent years in Russia, China, the Middle East and Africa — and has been run as a co-operative since its inception in Denmark in the late nineteenth century. It produced 10.4 billion kilograms of milk in 2012, has more than 18,000 employees and its 2012 turnover was some 63,114 billion Danish kroner (£7.2 billion).