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Episode 120: Katie J.M. Baker  

Katie J.M. Baker is a reporter for BuzzFeed.

“I went to Steubenville a year after the sexual assault to cover their first big football game of the season and I was face-to-face with these people who I had been writing about without knowing much about them. From far away it seems like, do these details matter? Do we care if these people’s lives get messed up when the narrative is so strong, when Steubenville now stands for more awareness around rape culture? But when you’re there, of course it matters. After that piece I realized I didn’t want to blog anymore and I wanted to just focus on reporting.”

Thanks to Casper, Scribd, and TinyLetter for sponsoring this week's episode.

Show Notes:

@katiejmbaker katiejmbaker.com Baker on Longform [4:00] "Forever Young" (BuzzFeed • Sep 2014) [13:00] "In West Virginia, Playing Hooky Can Get You Locked Up" (BuzzFeed • Oct 2014) [20:00] "Supervisor Wants Motive Spelled Out at S.F.'s Antiabortion Clinics" (San Francisco Chronicle • Jun 2011) [20:00] "Teacher Leaves Elite LA School After Alleged Student Affair, Inappropriate Relationships" (BuzzFeed • Jul 2014) [21:00] "Head Of Elite L.A. School Resigns After Sex Misconduct Scandal" (BuzzFeed • Nov 2014) [22:00] "My Weekend In America's So-Called 'Rape Capital'" (Jezebel • May 2012) [24:00] "Even The Most Progressive University In North America Doesn’t Know How To Handle Sexual Consent" (BuzzFeed • Jun 2014) [26:00] "Rape Victims Don’t Trust The Fixers Colleges Hire To Help Them" (BuzzFeed • Apr 2014) [28:00] "Meet the College Women Who Are Starting a Revolution Against Campus Sexual Assault" (Vanessa Grigoriadis • New York • Sep 2014) [30:00] "Rape Case Unfolds on Web and Splits City" (Juliet Macur and Nate Schweber • The New York Times • Dec 2012) [30:00] "Steubenville's Legacy: How a Rape Case in Ohio Could Change History" (Jezebel • Jan 2013) [31:00] "'A Town Destroyed for What Two People Did': Dispatch from Steubenville" (Jezebel • Sep 2013) [32:00] "Why Is No One Talking About the Second Steubenville Rape Case?" (Newsweek • Nov 2013) [33:00] "The Accused" (BuzzFeed • Nov 2014) [42:00] "The Fort of Young Saplings" (Vanessa Veselka • The Atavist • Nov 2014)

Longform 0

Ep. 268. News: It’s raining money in Durham  
In this episode

We have a whole host of hosts as David, Jason, Simon and Aden are joined by Mariano Belinky and Jamie Campbell for the news.

This week in a European-led section of the show the team discuss Swedish giant Klarna getting it’s official banking licence to begin delivering financial services, Spain’s first fully digital bank, European “robo advice”, and the European Central Bank demanding declaration of all cyber security breaches.

It’s raining money in Durham as Atom gets a further £30 million investment from the government, and why did Will.i.am became an advisor to Atom – and does it work?

Additionally, they also take on the Barclays execs’ fraud charges during the financial crisis in 2008, ahead of their hearing next week; and an equally political story on the other side of the pond: Elizabeth Warren’s attempts to remove 12 Wells Fargo board members.

Finally, the guys also discuss whether PayPal are right to dismiss the Apple Pay challenge; and the impact of two thirds of the world’s population now having mobile phone access and what does that mean for digital innovation?

Guests Mariano Belinky – Managing Partner at Santander InnoVentures Jamie Campbell – Head of Awareness at Bud News this week  Techcrunch – Klarna gets a full banking license, gears up to go beyond financing payments – Link Techcrunch – Monese adds Direct Debits to become even more like a regular bank account – Link Banking Tech – Spain’s first fully digital bank Openbank in major transformation – Link Bloomberg – Barclays and Four Former Execs Charged Over Qatar Probe – Link CNBC – Sen. Elizabeth Warren calls for removal of 12 Wells Fargo board members – Link  Business Insider – BlackRock gets into European ‘robo advice’ as it leads €30 million investment in Scalable Capital – Link Business Insider – Atom Bank gets £30 million from the government as Philip Hammond pledges investment boost – Lin Tech City News – Will.i.am reveals why he became an advisor to UK FinTech startup Atom Bank – Link The Telegraph – PayPal chief dismisses Apple Pay challenge – Link City AM – Banks to be forced to reveal all cyber security breaches to the European Central Bank – Link NFC World – Swedish commuters validate tickets using NFC microchips implanted in their hands – Link Daily Fintech – International Regtech Association Launch and IBM Watson announce Regtech Apps – Link Venture Beat – 5 billion people now have a mobile phone connection – Link

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SIVP11: Hemmeligheden bag at blive kaldt til samtale med dyrlæge Simon Vølund  

Se noter og links på sivp.dk/11

Uopfordret vs. opfordrede ansøgninger
Der kommer en strøm af uopfordrede ansøgninger, men har for Simon ikke de den store værdi. Har han ikke en stilling åben, vil ansøgninger kun sjældent give anledning til en samtale.
Simon vil ofte slå en stillingen op selvom han i forvejen har kendskab til kvalificerede ansøgere. Han ønsker på den måde at afsøge hvad markedet kan tilbyde. Uopfordrede ansøgninger har selvfølgelig en effekt, men ikke den store effekt i Odense.
Ansøgningen skal naturligvis være pænt sat op, så den præsentere sig godt. Og der må godt være et billede med. Simon ser ikke selv stavefejl, men det er der andre, der gør og de må ikke være der. Og så skal kliniknavnet være stavet rigtigt.
Det skal være tydeligt at ansøgeren brænder for at arbejde på lige netop Odense Dyrehospital. Og det skal ikke være synligt at du bare har sendt den samme ansøgning ud til 10 forskellige steder.
Du må gerne vise at du har sat dig ind i virksomheden og som minimum har været inde på hjemmesiden.
Simon springer hurtigt til CV’et da man ikke kan løbe fra hvad man lavet. Man kan i princippet have fået andre til at skrive ansøgningen.
Simon anbefaler at du sender et billede med til din ansøgningen. Det behøver ikke at professionelt taget billede. Det kan godt være et mere almindelige billede, men lad nu være med at tage profilbilledet fra Facebook med trutmund og dyb udskæring. Det virker ikke.


Et spændende menneske
Et langt og flot CV kan selvfølgelig vække interesse, men du kan også være interessant på andre måder.
Du kan også vise, at du er et interessant menneske. Du skal dog ikke tegne et glansbillede, for så falder du igennem til samtalen.
Simon kigger efter om du har prøvet at lave andre ting før og under studiet. Det er vigtigt at du har prøvet at være ude i det virkelige liv. Du får en fordel ved at have erfaringer fra det virkelige liv.
Det tæller aldrig ned at have gode karaktere, men det er ikke afgørende om du har været længere tid om at komme igennem studiet.
Det kan dog godt give Simon en bekymring, hvis du alene har 10- og 12-taller og CV’et samtidig viser, at man ikke har lavet andet end sit skolearbejde.

Aktiviteter i dit CV
Simon anbefaler at du har lyst til at opleve verden og viser det. Samtidig skal du også finde noget, der viser, at du er stabil.
Faglige relevante aktiviteter tæller selvfølgelig mere og et ophold på et universitet i udlandet er også godt. Det er dog ikke nødvendigvis afgørende.
Grundlæggende er Simons anbefaling, at dine aktiviteter viser, at du har engagement.
Få for eksempel en praktikdag eller to, bare for at komme ud og snakke med folk og undgå at blive for rusten.


Jobsamtalen
Simon anbefaler, at du optræder som dén du er. Du skal selvfølgelig komme til tiden og også være helt almindelig påklædt. Du må gerne være fint klædt på, men din påklædning må ikke forvirre intervieweren. Det er bedre at være neutral.
Du skal være dig selv – også i din påklædning.
Du skal være ordentlig forberedt og have undersøgt noget om virksomheden, og Simon siger at det er godt lige at have været inde på hjemmesiden og eventuelt på Facebook.
Simon fortæller også at han med årene er blevet mere tro imod sin mavefornemmelse. Hvis der er en kant ved ansøgeren, vil Simon hellere tage en samtale nummer to.
Som ansøger bør man prøve at være opmærksom på hvilken stemning intervieweren lægger op til. Simon kan godt lide en afslappet og humoristisk tone, men det kan virke useriøst for andre. Du skal altså prøve at lure den anden af og fange tonen.
For Simon er en god samtale én hvor 3 kvarter er gået uden at man kan huske om alle spørgsmål er blevet stillet.


Dine fortrin, når du ikke har erfaring
Simon fortæller at han og alle andre godt ved at man kan ikke have erfaring, når man lige er kommet ud fra studiet. Nogle kan have prøvet lidt mere end andre, og på den måde have et fortrin, men meget bliver afgjort af om du har engagement.
Simon anbefaler at du viser lyst til at udfordring din egen grænse og viser at du har prøvet nogle ting på egen hånd. Du skal selvfølgelig samtidig kunne kende dine begrænsninger, men også kunne vise at du har prøvet nogle ting på egen hånd.
Hvis du har gåpåmod og engagement til at lære faget, kan du en ny dyrlæge sagtens tjene sin løn ind.

Een politiek oogje dichtknijpen bij bank Monte dei Paschi ; Paul Buitink en Han de Jong  

Een politiek oogje dichtknijpen bij de redding van de bank Monte dei Paschi di Siena. Zuur voor de Italianen om de eerste bank in moeilijkheden onder een zwaar Europees resolutieregime te stellen. Han de Jong is hoofdeconoom van de ABN-AMRO. Paul Buitink spreekt met hem over de Europese bankenunie. De bankenunie werd tijdens de crisis van 2008 opgericht om de grote verschillen tussen de Europese banken te normaliseren om stabiliteit van het geldstelsel binnen Europa te creëren. Er moest eenheid komen tussen de banken in regels en maar ook in toezicht. De Europese Bankenunie kreeg het toezicht over de Europese banken, wat voordien door de Nationale banken werd uitgevoerd. De Europese Bankenunie wordt aangestuurd door de ECB in Frankfurt. De Unie heeft drie pijlers waarop haar taken zijn berust: het toezicht op de Europese banken, het resolutiemechanisme en het depositogarantiestelsel. De Jong plaatst kanttekeningen bij de werking van het bail-in regiem in het resolutiestelsel. Bij de eerste testcase van het resolutiestelsel ging het al mis. De problemen bij de Italiaanse bank Monte dei Paschi di Siena werden om politieke redenen buiten het resolutiestelsel opgelost. Opnieuw werd een bank met publieke middelen overeind gehouden door de ECB en de Italiaanse staat. De Jong vraagt zich af of het resolutiemechanisme stelsel überhaupt wel kan werken. Als een individuele bank in de problemen komt kan het systeem wellicht haar werk doen, maar bij een systeemcrisis is het volgens hem contraproductief. De risico's op besmettingsverschijnselen zijn dan groot en kunnen veel banken gaan raken. De Jong vindt overigens niet dat de problemen bij de bank Monte dei Paschi di Siena als een systeemcrisis gezien kunnen worden. De oplossingen voor die bank buiten het resolutiestelsel werden politiek gedreven. De Jong stelt dat het zuur was voor de Italianen. Niet eerder was het nodig een Italiaanse bank te redden, terwijl in heel Europa banken met collectieve middelen overeind gehouden werden. Zuur is het dan om de eerste bank in moeilijkheden onder een zwaar resolutieregiem te stellen. Om die reden werd het politieke besluit genomen een oogje dicht te knijpen bij de redding van de bank Monte dei Paschi di Siena. website: http://www.cafeweltschmerz.nl/een-politiek-oogje-dichtknijpen-bij-bank-monte-dei-paschi-paul-buitink-en-han-de-jong Help Café Weltschmerz en onze toekomst. Adopteer een aflevering of ondersteun ons met een donatie: http://www.cafeweltschmerz.nl/doneer

Ep103 – Blockchain, Blockchain, Blockchain  

1) BT fault hits broadband users and banks
http://www.bbc.co.uk/news/technology-36844712

2) Pokemon Go’s McDonald’s Partnership Points To A Promising Business Model
http://www.forbes.com/sites/parmyolson/2016/07/20/pokemon-go-mcdonalds-japan-nintendo-revenue/#3e0f226160d5

3) Apple Pay says bonjour to France and nei ho to Hong Kong
http://www.cnet.com/news/apple-pay-says-bonjour-to-france/

4) Oaknorth : first challenger bank to use Facebook at Work
http://www.bankingtech.com/536972/oaknorth-first-challenger-bank-to-adopt-facebook-at-work/?utm_source=rss&utm_medium=rss&utm_campaign=oaknorth-first-challenger-bank-to-adopt-facebook-at-work

5) Silicon Valley billionaire Peter Thiel is doubling down on a German fintech startup
http://uk.businessinsider.com/silicon-valley-billionaire-peter-thiel-increases-investment-in-germanys-deposit-solutions-2016-7

6) Google’s DeepMind trains AI to cut its energy bills by 40%
http://www.wired.co.uk/article/google-deepmind-data-centres-efficiency

7) Santander’s fintech VC firm got another $100 million to invest
http://uk.businessinsider.com/santander-innoventures-mariano-belinkey-new-fund-brexit-fintech-2016-7

8) A huge US bank is ignoring Brexit warning signs and is buying a new £300 million London HQ
http://uk.businessinsider.com/wells-fargo-buys-new-london-office-despite-brexit-2016-7

9) Central Bank Digital Currencies Could Boost GDP, Bank of England Says
http://www.coindesk.com/central-bank-digital-currencies-boost-gdp-bank-england-says/

10) UK Legislators Cast Critical Eye on Bitcoin and Blockchain at Parliament Event
http://www.coindesk.com/committee-talks-blockchains-government-ethics-house-lords-hearing/

We hoped you liked Episode 3 – Subscribe and follow @obussmann) Marcus Treacher (@marcus_treacher) who is the Global Head of Strategic Accounts at @Ripple and we also chat through the news with Oscar Willams Grut (@OscarWGrut) who is the FinTech reporter for Business Insider. We hoped you like Episode 3 – Follow us and tell us what you think of the show @FinTechInsiders and keep letting us know what you think.

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Ep. 274. News: Digitising Pocket Money  
In this episode

David and Simon are joined by regular Sarah Kocianski, and RFi and Sky News Australia’s Chloe James, who makes her Fintech Insider  debut, for this week’s news.

First up, they discuss the pros and cons of “screen-scraping” – do banks only want open banking on their terms and to pick and choose the bits of it they want?; is it right that challengers only get one representative at the Open Banking Initiative- and is Atom really a challenger bank?;  and is a CIO title unnecessary?  You can’t innovate in a silo, it needs to go company wide, nor can one person or department “own” innovation, that only creates turf wars.

There are also strong views on the ‘culture of harassment’ for women in tech as reported by the New York Times and how sad it is that this culture already permeates an industry that’s so young. The necessity of speaking up to shatter unconscious bias in the industry is paramount.

They also take on Danske Bank’s pocket money app to allow parents the ability to digitise pocket money for their children and have an online overview of what they do with it – could this be a key to improved financial education for children?

The team also reflect on the ‘changing of the guard’ at Tesco Bank as their CEO steps down after 10 years; on MBank putting themselves forward as a template for others as they licence their tech platform, and on Tide’s $14M raise from the same backers as Spotify – can they now live up to their hype of being the “Monzo of business”?

Guests Sarah Kocianski, Senior Research Analyst Fintech at Business Insider UK Chloe James – Group Media Director – RFi Group & Presenter at Sky News Australia News this week Finextra – EBA rejects Commission amendments on screen scraping under PSD2 – Link Open Banking – Atom Bank CEO Joins Open Banking Initiative As Challenger Bank Representative – Link Finextra – HSBC hires Diana Biggs to lead business model innovation – Link Bloomberg – Tesco Bank Says Chief Executive Higgins to Retire Next Year Link Techcrunch – Curve now lets you ‘go back in time’ and switch the card you paid with retroactively – Link FinTech Insider News –  Poland’s mBank to license tech platform to third party financial institutions – Link FinTech Insider News – Danske Bank develops pocket money app – move over Osper / GoHenry – Link New York Times – Women in Tech Speak Frankly on Culture of Harassment – Link Business Insider – Fintech startup Tide: $14 million boost from Spotify backers Creandum – Link Medium – Bag Snatchers, Monzo, and a night of adventure in London. – Link

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Special Guest: Sarah Kocianski.
Ep230 – A Proper FinTech Geek Moment  
In this episode

We’re very excited about the launch of Clear Bank, the first clearing bank to be authorized in the UK for nearly 250 years. There’s been a lot of business model innovation at the front end – we’ve seen apps doing more convenient FX, more convenient remittance, we’ve even seen peer-to-peer payments, but nobody’s really attacked the rails.

“This is where I’m super excited to see FinTech go. This is a proper, proper geek moment,” says guest Sarah Kocianski, Senior Research Analyst, FinTech, at Business Insider Intelligence. “There has been a lot of interesting stuff on personal finance management, consumer banks – that’s happened already – but for any kind of change to happen in the wider financial services ecosystem, those back ends have got to be updated. They’ve got to be upgraded. They’ve got to be using Cloud and API. That’s why this story really, really excites me. Because I think now we’ve got that key piece of the infrastructure. We can start to see movement. They’re not just looking to serve FinTechs. They’re going to try and serve the big guys, too. You can speed up your processes. You can innovate more easily if you connect with these guys.”

Our guests

Alexander Ball, Managing Fintech Consultant at ING

News this week Finextra – Innovate Finance launches ambassador programme – Link City A.M. – House of Fraser owner Sanpower pulls investment in digital challenger bank Tandem – Link Bloomberg – Ant Financial said considering higher offer for MoneyGram – Link Business Insider – French officials are in London again wooing fintech and finance firms to Paris post-Brexit – Link Forbes – Digital disruption has arrived in FinTech – Link City A.M. FinTech startup and challenger bank Revolut’s launching an Amazon Prime-style subscription for banking – Link banking technology – Bank of England teams with Ripple for cross-border payments – Link Reuters – Goldman building robo-adviser to give investment advice to the masses – Link Bank Innovation – Watson tools are coming to FinTech developers – Link  ZDNet – Westpac Keyboard launches through Facebook, Twitter – Link  BBC – Mountain man: The bank boss who reached the top aged 33 – Link

Enjoying FinTech Insider? Share with someone you love. Or at least with someone you want to impress. Also, please leave us a review on iTunes – you’ll make our week!

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885 – Talking to a Bank Teller  

Rich man, poor man – everyone goes to the bank at some point. Learn how to talk to someone at your bank in this episode.

Slow dialog: 1:08
Explanations: 3:22
Fast dialog: 15:44

Bank Teller: Can I help you?

Antonio: Yes, I’d like to deposit this check.

Bank Teller: Please fill out a deposit slip and be sure to endorse the check on the back.

Antonio: Here you are. I’ve already filled out a slip and signed the check. I’d also like to cash this other check.

Bank Teller: Sure, I can help you with that. Here you are. Here’s a receipt for your deposit and I’ve cashed your check. Let me count out your $100: 20, 40, 60, 80, 100.

Antonio: Thanks. Could I also check my bank balance for my other account?

Bank Teller: No problem. You just have to swipe your ATM card and enter your PIN. It looks like you have a balance of $1,752. Will that be all?

Antonio: Oh, I have that much? I’d like to withdraw $80.

Bank Teller: All right. You’ll need to fill out a withdrawal slip. Why don’t you step aside while you do that so I can help the next customer, and when you’re done, come back to this window and I’ll help you.

Antonio: Okay, I’ll do that. And if I want to transfer money between accounts?

Bank Teller: You’ll need to fill out a withdrawal slip for the first account and a deposit slip for the second.

Antonio: Got it. This might take awhile.

Bank Teller: No problem, sir. We’re here all day – at least until 5:00.

Script by Dr. Lucy Tse

7 Tips to Increase your Borrowing Capacity by over $139,000!  

In this week's episode, we're going through how to increase your borrowing capacity. People struggle to get loans initially, and it's only becoming harder because APRA is tightening lending requirements. This is really just, how much people can take out and we'll go through seven practical tips.

This is all simple stuff and whether you're looking at buying in the short term, or medium to long term this will affect building your wealth and your property journey.

If you like this episode, make sure you tell your friends!

 

Tip 1: Reduce credit cards and don't get debt because it seems like a good idea at the time! A lot of people think that they need to get a credit card for credit history when this is actually wrong. At the moment they've only got negative credit reporting. It's more about having a good credit file, you don't need to establish history.

Reduce any credit card owing you have. If you've got a $10,000 credit limit this will reduce your borrowing capacity by $40,000. So essentially, four times the credit impact. Even if you have no debt owing on the $10,000 credit card - it will still be assessed as if the whole thing is debt, as the assumption is that you could go to the casino and spend that whole $10,000.

  Tip 2: Clean up your unsecured debts   Secured loans - a mortgage is a secured loan because the bank can sell it if something happens. An unsecured loan is a credit card because there's no collateral or security against it.   You can go to the bank and they'll give you $15,000 to have a holiday, but you will pay huge rates aginst that and it will affect your borrowing capacity. If you default on the $15,000 holiday loan the bank will have a hard time getting its money back.   Even a small car loan will affect this. Just $500 a month ends up decreasing your borrowing capacity by over $80,000. It's amazing how those small things do add up and can affect your ability to grow a portfolio.   There's good debt and bad debt, and car loans like that should be paid as quickly as possible so that they don't affect your borrowing capacity. If you've got an existing property, you could look at debt consolidation, where you increase your home loan to add your car loan onto it. The trap here is that the extra $10,000 they keep for 30 years so the interest costs are higher. Speak to a broker about this before doing it!     Tip 3: Sort out your paperwork

As a mortgage broker, I see how bad people are with paperwork, but this is so important! You need to have your group certificates, rates notices, pay slips etc. all ready to go. It's amazing how disorganised people are with this. Get your paperwork in check because this can affect your borrowing capacity. So go through a pre-approval process first so that you don't need to waste time when you're ready.

Get your paperwork in check because this can affect your borrowing capacity. So go through a pre-approval process first so that you don't need to waste time when you're ready to move forward with things.

No one likes paperwork but unfortunately, it is necessary. If the bank is lending you $500,000+ a few pieces of paper are necessary!

 

 

Tip 4: Shop around for deals between banks

You need to look after yourself, which means ensuring that you're getting the best rate. If you want to get into investing, look at different lenders and deals because these small differences can really hold you back.

There are two things that make a difference.

 

How much the bank will lend you

If you've got a combined income of $85,000 - between lenders there can be an $139,000 difference between them. So doing your research can make a huge difference.


Now, this isn’t just limited to home loan rates because, surprisingly, different banks can potentially increase your borrowing capacity. If you have a look at the scenario we have put together below for 2 adults, no kids and a combined annual income of $85,000. There is over $139,000 difference in how much Lender A and Lender G will lend the couple!

Lender A          $465,900

Lender B          $456,438

Lender C          $427,258

Lender D          $411,000

Lender E          $399,508

Lender F          $361,459

Lender G          $326,516

 

Lenders mortgage insurance 

There can be a huge difference again between banks. For example between them, there could be a $6,000 difference on how much insurance you pay the bank. This is compounded over 30 years equates to almost $30,000 over 30 years, four times the amount. LMI is a good tool if you need it, but if you are going to do it make sure you find the best rate. 

 

Tip 5: If you have split loans with someone else, show how you are sharing them

If you have owned property with friends or family members in the past you may own 50% of the property. Therefore, you own 50% of the home loan associated but in the eyes of some banks, you are considered wholly liable for the debt even though you only own 50% of the property.

Fairly or unfairly, they assume you need to make 100% of the loan repayments but are only entitled to 50% of the rent. This can severely decrease your borrowing capacity.

 

 

Tip 6: Consider extending your loan

Again, this is situational. If you can extend the term of your home loan is it really a good idea?

Pro - extending the term of the loan means you can borrow more with fewer repayments each month

Con - more interest because it's a longer period

 

This is something to seek advice on and proceed with caution.

Practically, this would look like:

$300,000 loan at 5% over 25 years - $1,753 per month with the total interest payable $226,131

If you, however, looked at extending the loan term to 30 years, it would look like this:

$300,000 loan at 5% over 30 years - $1,610 per month with total interest payable $279,767

 

Tip 7: Save!

Save! Anyone who has been successful in generating a number of properties has great cash flow management. To do that, you've got to have the ability to save money!

If you have more savings in the bank, the bank will lend you more money. The more cash you put towards a property, the more the banks will give you.

The boring stuff is true.

 

 

In summary Reduce your credit card limits! You can do it online or call your bank. Shop around for different banks or get someone else to do it for you. Having more savings, if you've got a bigger deposit you can avoid lenders mortgage insurance. The more you have, the more the bank will lend you. Long term, the banks want to see you at 60 - 70%, if you're too highly geared, you're very susceptible to issues. Try to have them positively geared, as this income is the one thing you can control.

Make sure you are working with a professional mortgage broker like the team at Red & Co to maximise how much you can borrow, and grow your property portfolio in a sustainable way. Also, check out Louis' podcast SelfMadeMil.com.au

Avsnitt 37: Simon Gustavsson  

I veckans avsnitt bryter vi vårt tidigare mönster och istället för att diskutera en idrott eller ett fysiologiskt fenomen ingående så fördjupar vi oss istället i ett extremexempel på vad människokroppen klarar av.

Simon Gustavsson, coach och delägare i Umara Sport gästar podden och berättar om när han nyligen cyklade från den mest norra punkten i Sverige ända ner till söder utan att äta någonting på vägen. Totalt blev det 230 mil på cykel under 15 dagar.

Vi får höra om hur Simon förberedde sig inför loppet genom att dricka shakes med grädde och glass, hur det kändes under tiden han cyklade, när hans blodsocker blev lågt och hur mer intensiv cykling fick honom att må illa. Slutligen får vi även veta lite hur det har fungerat efter det att Simon kom i mål.

Hålltider
00:00:00 Introduktion av Simon Gustavsson
00:10:00 Sena lärdomar kring dum träning
00:13:25 Sverigetrampet - cykla rakt genom Sverige utan att äta
00:18:00 Att hålla salt och vätskebalans utan någon mat
00:22:30 Hur Simon bulkade inför Sverigetrampet
00:26:00 Reaktioner innan Simon började cykla
00:28:00 De tuffaste delarna av resan och säkerhetsåtgärder
00:33:30 På vilken intensitet cyklade Simon?
00:39:05 Har Simon några bestående men från utmaningen?
00:40:30 Mätning av kroppssammansättning före, efter bulk och efter cyklingen
00:47:30 Hur mådde Simon mentalt under tiden?
00:52:25 Har Simon lärt sig något användbart under tiden?
00:55:20 Willes tidsmål inför midnattsloppet
00:56:20 Har Simons trivselvikt lagt sig högre efter hans bulk?
00:59:50 Vad var det första Simon åt efter de 15 dagarna?
01:03:45 Händer det något oväntat fysiologiskt under tiden?
01:06:30 Teoretiskt så skulle Simon kunnat ta sig tvärs över USA

Folge 58 - Sozial-ökologische Bankarbeit - Interview mit Rouven Kasten von der GLS Bank  

Das Thema ethische Geldanlage hatte ich vor nicht allzu langer Zeit im Podcast "Der Finanzwesir rockt". Mit der Folge 58 meines Podcasts möchte ich noch etwas näher auf einen Teilbereich davon eingehen, die sozial-ökologische Bankarbeit. Dafür habe ich Rouven Kasten von der GLS Bank in meinen Podcast eingeladen, der auf unterhaltsame Weise Rede und Antwort stand.

Diese Folge wird präsentiert vom Finanzrocker-Backstagepass. Einfach anmelden, 60-seitiges E-Book erhalten und auf dem Laufenden bleiben, was im Blog und im Podcast passiert.

Seit anderthalb Jahren arbeitet Rouven bei der Genossenschaftsbank und ist dort für die digitale Kommunikation und soziale Medien zuständig. Er berichtet im Interview über seinen Alltag und erklärt die deutlichen Unterschiede zu anderen Banken. Vieles war für mich auch neu und der Ansatz der GLS gefällt mir ausgesprochen gut.Grundlegende Unterschiede liegen schon in dem Leitspruch der GLS Bank "Geld ist für die Menschen da". 

Die Bank aus Bochum finanziert ökologische Landwirtschaft, Bildung, Soziales, erneuerbare Energien, Wohnen und noch einiges mehr. Komplett verzichtet wird auf die Unterstützung von Atomkraft, Rüstung, Agrogentechnik und Kinderarbeit.Rouven und ich sprechen über eine Stunde über die Gründung der GLS Bank, die Entwicklung, das Internet, Markenbildung und noch so einiges mehr. Aber auch Rockmusik, Segeln, eine Gestalterhütte und soziale Medien spielen eine wichtige Rolle. Eine typisch bunte Finanrocker-Podcast-Folge also.

Zur Homepage der GLS Bank Zur Facebook-Seite der GLS Bank Zur Twitter-Seite der GLS Bank Zum Blog der GLS Bank Zu Rouvens Blog Gestalterhütte
Mikro020 Abstiegskampf  

Kommentare der Hörer und Links zu den Quellen findet ihr auf www.mikrooekonomen.de Deutsche Bank: - CDS Chart Überblick und Zinskurve der nachrangigen und der Coco-Anleihen der Deutschen Bank: -- Täglich aktualisierte CDS Preise, Deutscher Derivate Verband -- Confounded Interest: Germany's Deutsche Bank and Commerzbank continue slip sliding away -- Zer0hedge: Deutsche Bank Stock Crashes Near Single-Digits As CDS Spike To Record Highs - FAZ: Geldinstitute: Der Abstieg der Deutschen Großbanken - IWF hält Deutsche Bank für gefährlich | ZEIT ONLINE - Laufende Prozesse der Deutschen Bank (lol) - Eigentlich könnte man von der „Abwicklung“ der Banca Monte dei Paschi di Siena etwas über eine Rettung nach den neuen europäischen Regeln lernen. Aber das ist immer noch nichts geklärt: Handelsblatt: Kapitalerhöhung fällt kleiner aus - Im Fall der Geldwäsche des Staatsfonds von Malaysia ist entgegen meiner Aussage im Podcast unklar, ob die Deutsche Bank hier Täter oder Opfer war n-tv: Transaktion von 700 Mio Dollar - Deutsche Bank in 1MDB-Skandal verwickelt HSH Nordbank und die absaufenden Schiffskredite: - Zum Verkauf der Schiffskredite an den Steuerzahler: Wiwo: HSH Nordbank - Länder übernehmen faule Schiffskredite - Zeit Interview mit CEO Ermisch „Für den Staat hat sich dadurch nichts geändert“ Zeit: HSH Nordbank:"Die Altlasten sind gruselig" - Sehr detailliertes Blog über die deutschen Bad Banks von Dani Parthum: diedeutschenbadbanks.de Türkei ist Ramsch - Wiener Zeitung: Ärger über Ramschstatus - Lage des Tourismus: Handelsblatt: Tourismus in der Türkei: Der Schock nach den Schocks Wir sparen uns zu Tode (Teil VII) … - Weitwinkelsubjektiv: Yeah, wir haben uns den Einheitsboom komplett weggespart - „Wie kaputt ist deine Schule“-Karte aus Berlin: http://schulsanierung.tursics.de/ Wo unsere Kinder lernen - Kaputte Verwaltung in Berlin: Ein Grund: 74 (!) IT-Dienststellen in Berlin: Presseschelte - SZ: EU-Schuldenstaaten - Sorgen im Süden - Die Replik von Investigate Europe: The reporter who mistook his bias for success Hörerfeedback & Bier: - Macho-Bier sagt Marco: Horny Betty - Gutes Bier sagt egghat: Klosterbrauerei Scheyern: Klosterbier Export dunkel - Leider nicht gut genug um das hier zu schlagen: Weltenburger Klosterbrauerei Barock dunkel Pick: - von Marco: THE QUIET GERMAN - The astonishing rise of Angela Merkel, the most powerful woman in the world. By George Packer Intro-Music: Title: “Femme Fatale: 30a”; Composer: Jack Waldenmaier; Publisher: Music Bakery Publishing (BMI) Viel Spaß beim Hören! Wir möchten eine offene Plattform schaffen und den Podcast weiterentwickeln. Eure Spende hilft uns dabei. Bankverbindung: Marco Herack GLS Bank IBAN: DE61 4306 0967 2065 2209 00 BIC: GENODEM1GLS

Ep. 271. News: LIVE from Money20/20 Europe  
In this episode

We bring you our first ever live podcast, recorded in front of a live audience at Money20/20 Europe, Copenhagen.

With all four of our regular hosts, David Brear, Jason Bates, Simon Taylor and Chris Skinner, plus six fantastic guests from the world of fintech and banking (and previous podcasts), they discuss the latest news and stories with additional audience interaction, including:

Goldman Sachs’ lending business hitting its first $1bn mark, is this a good thing or is it old news?, the pros and cons of card use and card readers vs smartphone points of sale – as pioneered by Jack Dorsey’s Square; and the merits of Will.i.am as an advisor to Atom Bank and personification of their market sector, which opens up discussion of who other banks would be if they were a pop star.

We also hear Starling’s own Megan Cawood on their European expansion and Simon and Ajit lead the audience into a cryptocurrency Q&A explaining the Ethereum “flash crash” and what this means for Ethereum’s future, and cryptocurrency in general, and they attempt to address the same old question: is it a bubble, should I hold or sell?

Guests Ali Patterson – Editor in Chief, FinTech Finance Leda Glyptis – Chief Innovation Officer, Qatar National Bank Meaghan Johnson – Co-founder and Director of Research at 11:FS Jamie Campbell – Head of Awareness at Bud Ajit Tripathi – Director, Fintech and Digital Banking, PWC Megan Caywood – Chief Platform Officer, Starling Bank News this week Business Insider – Goldman Sachs’ new online lending business has already hit a $1 billion milestone – Link Financial Review – Square gets green light to take on banks with ‘PIN on glass’ mobile technology – Link Tech City News -Will.i.am reveals why he became an advisor to UK FinTech startup Atom Bank – Link Venture Beat – Stripe refocuses European effort with 6 new markets and expanded payments platform – Link Tech Crunch – Starling Bank passports to Europe, first stop Ireland – Link CNBC –  Despite $319 to 10 cents flash crash, ethereum still has massive potential, says digital currency expertLink Techcrunch – Coinbase is reimbursing losses caused by the Ethereum flash crash – Link Bloomberg – Jack Ma’s Ant Financial Nearly Doubles Profits Amid Deal Push – Link

The post Ep. 271. News: LIVE from Money20/20 Europe appeared first on 11:FS.

#17 [AUDIO DRAMA] Mortes Ao Som De Jazz  

Áudio Drama “Mortes Ao Som de Jazz”, uma produção original do podcast Contador de Histórias. Em uma São Paulo noir na década de 40, um assassino conhecido como “Asssassino do Jazz” nunca foi pego. Mas agora sua identidade está em risco quando um imitador começa a matar pessoas do mesmo jeito querendo conhecer o verdadeiro assassino e cabe aos detetives da Polícia de São Paulo, Bernardo e Afonso, investigarem o caso repleto de tensão e reviravoltas. Link para download: https://goo.gl/e8ldHM Duração: 22min História Original e Roteiro: Danilo Vieira Battistini Revisão: Victor Vargas Edição e Mixagem: Danilo Vieira Battistini – Tom Tom Semitom Com as vozes de: Narrador.............Julio Franco Afonso.................Felipe Grinan Bernardo.............Nelson Machado Manuela..............Samira Fernandes André...................Mauro Castro Euler....................Ricardo Fábio Marcel.................Ramon Campos Henrique..............Mauro Eduardo Antônio................André Sauer Jornaleiro.............Lucas Gama Homem #1...........Gilberto Baroli Mulher #1.............Leticia Quinto Homem #2...........Carlos Seidl Mulher #2.............Ana Clara Fischer Homem Bar..........Jorge Destez Policial #1.............Rogério Cesar Policial #2.............Danilo Battistini Estúdios de Gravação: Centauro Comunicaciones; Luminus; Mousikê Central Art Estúdio de Mixagem: Centauro Comunicaciones Músicas utilizadas (Por ordem de aparição) J.J. Bop – Andrew Hale & Simon Hale Redemption Pt.2 – Andrew Hale & Simon Hale New Beginning Pt.2 – Andrew Hale & Simon Hale Minor 9th – Andrew Hale & Simon Hale Temptation Pt.2 – Andrew Hale & Simon Hale Temptation Pt.1 – Andrew Hale & Simon Hale Fall From Grace Pt.2 – Andrew Hale & Simon Hale Pride Of The Job Pt.2 - Andrew Hale & Simon Hale Guilty - Andrew Hale & Simon Hale & The Real Tuesday Weld & Claudia Brucken (I Always Kill) The Things I Love - Andrew Hale & Simon Hale & The Real Tuesday Weld & Claudia Brucken Contador de Histórias Theme - Henrique Fajardo As músicas com vocais são de autoria de Andrew Hale & Simon Hale & The Real Tuesday Weld & Claudia Brucken Versão e adaptação: Danilo Vieira Battistini Interprete: Manuela Perez Arte usada de Patrick Brown em: http://patrickbrown.deviantart.com/art/L-A-Noire-204923718 Agradecimentos: Muito obrigado em especial aos Padrinhos e Madrinhas do Contador de Histórias: Andriolli Costa, Carlos Henrique Diniz, Aline Della Paschoa, Natalia Angelotti, Ana Carolina, Glauber Coelho, Maria do Carmo, Lucas Orlandelli, Henrique Fajardo, Tereza Maria. Obrigado a todos que ajudaram de alguma forma! Todos os dubladores que cederam parte de seu tempo pra me ajudar em mais um áudio drama. Ana Carolina (Pequena) por todo a ajuda, apoio, ideias e opiniões, te amo! Victor (Muha) por mais uma revisão! Todos que ajudaram de alguma forma nesse projeto, que tem acompanhado o esforço que tenho feito pra todo esse trabalho que não vai parar! Manu por ter me ajudado com as músicas cantadas! Leandro Fonseca por ter ficado de técnico na Mousikê. Nelson Machado por emprestar a voz não só para seu personagem mas também na abertura do podcast! Se você gostou, não esqueça de curtir, comentar e compartilhar! Vocês são o motivo pelo qual esse podcast continua! E se quiser contribuir com o projeto visite https://www.padrim.com.br/contadordehistorias e saiba como ajudar! Um muito obrigado e até o próximo!

How to Pitch a Top VC with Simon Menashy @ MMC Ventures  

Simon Menashy is Investment Director at MMC Ventures where he is responsible for leading new and follow on investments as well as supporting existing MMC portfolio companies. He also sits on the board for WeDoBoticca and Sky Futures and works closely with a number of other B2B and B2C businesses including Growth Intelligence, Mubi, Small World, Somo.  Prior to MMC Simon worked in European tech and media consulting, working with clients including the BBC, Virgin Media, BT, Thompson Reuters and Ofcom as part of the Deloitte Strategy team in London

 

Items Mentioned in Today's Show:

Base79 Growth Intelligence

In Today's Episode You Will Learn:

1.) How Simon made his move from consulting into the world of VCs?

2.)Simon recently tweeted how not to pitch to VCs, so what should founders be doing when pitching? What are the fundamentals in terms of required documentation? 

3.) Does Simon agree with Peter Thiel’s opinion that disruption is fundamentally bad for society? What industries does Simon feel will be next disrupted?

4.) With the increasing length of time it takes for venture backed companies to IPO, how does Simon feel the funding path is changing?

5.) How does Simon believe the tech eco system is going in London and what can be done to increase VC funding and engender a silicon valley esque feel to London?

Today's episode finishes with a quick fire round where we hear Simon's thoughts on the apple watch, what the biggest red flags are when viewing a pitch and his most recent investment and why he said yes?

You can follow HarrySimon and The Twenty Minute VC on Twitter.

 

Senator Sam Nunn Explains How a New "Fuel Bank" Can Curb Nuclear Proliferation  

In Kazakstan this week, the international atomic energy agency is opening a new facility that will serve as a bank for low enriched uranium.    This facility is known as the LEU fuel bank and its opening is the result of over a decade of work by my guest Senator Sam Nunn.    Now the idea behind the, bank which Senator Nunn explains in detail is basically this. countries that want to use civilian nuclear power must either build their own enrichment facilities, or must purchase enriched uranium on the open market. the concern with the former is that facilities that enrich uranium for civilian purposes could also be used to enrich uranium for a nuclear bomb. The bank is basically an insurance policy to dissuade countries from wanting to build their own enrichment facilities because if for some reason the market is disrupted and supplies cut off, the county can get their fuel from this bank, which stores enough fuel to power a mid sized city for three years.    Senator Nunn is a former US senator who is co-chair of the NGO the Nuclear Threat Initiative. For years, the Nuclear Threat Initiative has been working behind the scenes to set up this bank and they got a big boost when Warren Buffet pledged 50 million to the cause.  And in this episode Senator Nunn tells the story behind the LEU bank and why its advent is an important boon for international security and non-proliferation.   Become a premium subscriber to unlock bonus episodes, earn other rewards, and support the show! 

Loan to Value Ratio Uncovered: The Myths, Facts and Tricks to Maximising Your Loan  

In this week’s episode of the Rentvesting Podcast, we’ve got Louis and Jayden back together talking about loan to value ratio and working out how much is too much. It’s important to know how to use loans but also to know when it's too much, the pros and cons of it.

 

Today we're going to cover: How to maximise long term returns through leveraging as much as possible without receiving too many of the negative consequences The pros and cons of LVR Some tricks to get around them How to avoid LMI and get more education

 

How much is too much?

It's important to know how much is too much with LVR and the more property you buy, the more debt you’re taking on.

 

What is Loan to Value Ratio?

It’s basically the loan to the value of the asset. You can have this with margin loans, for this, it’s home loans. So if you’ve got a property worth $500k and there’s $400k of debt, that’s 4 divided by 5 = 80%.

The LVR is just a percent of how much of an asset is built up to the loan. You can either have LVR if you’ve got no debt, otherwise, people might have 95 – 120%. Some people call it LTV which is loan to value in America they use that but in Australia we use LVR

 

What are the pros and cons of high LVRs?

The big con, in general, is if you have 80% LVR or more than 20% deposit, you don’t’ pay lenders mortgage insurance - but if you have less than 20% deposit you pay it. This is an additional cost where the bank will make you go with a third party provider to get insurance and add ons to your loan. It also increases your debt and it's an insurance to cover the bank when you have a small deposit.

This premium allows you to get that product, the pros is that a lower deposit means you can get into the market quicker and more deduction because you’re paying higher interest rates. This is a double edge sword, assuming it's an investment property, the more debt you have, the more interest and the more deductions. Otherwise, owner occupied you have less deposit and more nondeductive and non-tax effective debt but it can help you put your foot in the market.

It’s good on your cash flow up front because you don’t need to save us much upfront but bad long term because you’ll have more debt.

You’re more susceptible to asset price drops, so if you buy a property for $100k and you get an 80% loan, it drops by 15% in value, all of the sudden the loan itself is worth more than what the properties value is. You will struggle to sell it because the bank will say if you want to sell it you have to top us up for the difference in the loan.

The banks are more critical on your application with a smaller deposit, so there are more checks and balances because to the bank you’re a higher risk customer.

The rates are generally higher. With all the changes with APRA, the banks are pricing for risk, in effect, that means the lower deposit the higher the risk in the eyes of the bank. With higher LVR and less deposit, you pay higher interest rates, which is a con of higher LVR stuff.

 

Solutions Go and study medicine – different types of jobs

White collar workers, like if you’re a doctor, vet, radiologist, optometrist - any medico type profession, can get up to 95% LVR without paying lenders mortgage insurance because these jobs are recession proof. The banks are willing to lend more to these professions because they’re earning potential will only go up.

This was recently extended to engineers, accountants, some forms of financial advisors. It’s an industry specialisation deposit, but different criteria and incomes change this.

 

 

Family guarantor loan

This is where the banks are happy to lend you money using a guarantors property as security, most people use their parents. Where in Louis' scenario if you’re buying a house for $500k and you borrow it all, but the bank will put $100k loan to your parent's property then $400k (80%) will be secured against yours. So the bank has two different loans. Because both loans are below 80% there's no LMI and it helps you get into the market a bit quicker. The only negative is higher interest repayments because you're borrowing more. If you're on a high income and your parents can do this, it’s a good option.

This works well for someone who has been studying but has a big income, they can pay down 5 – 10% within two or three years and after that time they can remove that guarantee - they’ve paid down the 20% and move on.

 

Gifts from parents and relatives

You can use this as a deposit if you don’t have your savings. I don’t really advocate people using personal loans as a deposit because you get into too much debt. Personal loans have higher interest rates and shorter repayment periods. It’s better to get the lenders' mortgage insurance.

Also, it’s potentially tax deductible against investment properties.

 

 

In summary: High LVR is a really important tool, there are a lot of pros that should be considered. When I bought my first home I had a 5% deposit and paid $12k in mortgage insurance, moved in for 6 months and then after turned it into an investment property and claimed a deduction for the costs. So there are a lot of pros in there. I wouldn’t have been able to buy another property for another 2 years had I not done this. Going back to our last episode on the battle of property, if you can get into property with a 0% deposit, and experience the full return on that whole value, it’s a very powerful tool but it’s solely reliant on growth, which is never guaranteed. The cons of high LVR are if there’s a market correction it can really affect your equity. The banks have a lot more caveats and checks and balances in place because of its higher risk to the bank.
Ep214 – Monzo: The First Truly Digital Bank  
In this episode

When most banks are bribing people to join with £100 or a Rihanna CD, Monzo is doing the opposite: building a bank customers love, involving them in its development, and being so amazing the network blows up like Facebook. Monzo, the bank that broke Crowdcube, now has more than 100,000 customers. Next milestone: 1 million. Here’s how they’ll do it.

“We’re trying to build the first bank with real network effect. Skype is a great example. The more people you bring onto Skype, the more people you can call,” Tom says. “How did Instagram or Snapchat or Facebook grow? It wasn’t marketing. It was an amazing product with true network effect. We’re trying to learn those lessons. 85 or 90% of our new signups come through referral.”

Loving this podcast? Don’t keep it to yourself, tell a friend about FinTech Insider and help us create our own network effect. And while you have five minutes, go on and leave us a review on iTunes. You’ve been meaning to for a while – today’s the day

The post Ep214 – Monzo: The First Truly Digital Bank appeared first on 11FS.

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Ep204 – Tandem Takeover! Building a Digital Bank that Advocates for Customers  
In this episode

Tandem Takeover! We talk to the team building ‘a new kind of bank’ about how you can be digital and still be very human, how to recruit at a startup, the future of banking, how to be truly agile, how to advocate for customers, and more.

Guests Ricky Knox, CEO @rickykno Ruth Handcock, Chief Customer Officer @RuthHandcock Nick Perrett, Chief Product Officer

“A good bank feels like a bank that actually has your back, that therefore is making decisions in your interest, much like your doctor might or a good friend might,” says Tandem CEO Ricky Knox. “How does that translate into a product and how do we build banking that fits seamlessly around your life, pulls out all the hassle, and answers the requirements you might have for borrowing or lending on an automated basis? The first step in that is owning and understanding the data surrounding your financial services life and relationship. Pulling that data together and forming that holistic picture of how the person’s finances are evolving, and what their financial needs are at any one time, is a really key part of our proposition.”

If you enjoyed the show, please take a moment to review us on iTunes. We love reading the reviews and they help people find our show.

The post Ep204 – Tandem Takeover! Building a Digital Bank that Advocates for Customers appeared first on 11FS.

The post Ep204 – Tandem Takeover! Building a Digital Bank that Advocates for Customers appeared first on 11:FS.

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