Category: Women and Money

Forbes magazine officially revoked the name of Hollywood star Kylie Jenner from the list of young world billionaires ever given in March 2019. Forbes accused the 22-year-old woman of not providing true financial information about her cosmetics business and falsifying her billionaire status. Reported on the Forbes.com page, Forbes said that Kylie Jenner’s cosmetics business, Kylie Cosmetics, was not as successful as reported, and even had a deficit. Forbes said that Kylie and her family intentionally raised the business and success of the youngest Kardashian-Jenner family.

Kyle Gave Fake Document

“Although we cannot prove that the document is fake (although it is most likely true), it is clear that Kylie has lied,” Forbes wrote. Even sister of supermodel Kendall Jenner was said to have raised numbers and tax data when researched last year. Forbes said Kylie’s Cosmetics business income and Kylie’s assets had not reached US $ 1 billion. Kylie Cosmetics’s income is also not as big as her claim. Kylie Cosmetics is predicted to get US $ 360 million (Rp. 5.3 trillion) last year. However, based on a presentation from Coty Inc., a company that bought Kylie Cosmetics shares, the company only pocketed US $ 125 million or around Rp1.8 trillion. As much as US $ 100 million or equivalent to Rp1.5 trillion was obtained from skincare products released by Kylie in May 2019.

Thus, Forbes concluded that Kylie Jenner’s total wealth actually reached US $ 900 million. This makes Kylie not worthy of being called a young billionaire because he does not yet have assets of at least US $ 1 billion.

Kylie Cosmetics’s income is also not as big as her claim. Kylie Cosmetics is predicted to get US $ 360 million (Rp. 5.3 trillion) last year. However, based on a presentation from Coty Inc., a company that bought Kylie Cosmetics shares, the company only pocketed US $ 125 million or around Rp1.8 trillion. As much as US $ 100 million or equivalent to Rp1.5 trillion was obtained from skincare products released by Kylie in May 2019.

Kyle Does Not Reach 1 Billion

Thus, Forbes concluded that Kylie Jenner’s total wealth actually reached US $ 900 million. This makes Kylie not worthy of being called a young billionaire because he does not yet have assets of at least US $ 1 billion.

Kylie Cosmetics’s income is also not as big as her claim. Kylie Cosmetics is predicted to get US $ 360 million (Rp. 5.3 trillion) last year. However, based on a presentation from Coty Inc., a company that bought Kylie Cosmetics shares, the company only pocketed US $ 125 million or around Rp1.8 trillion. As much as US $ 100 million or equivalent to Rp1.5 trillion was obtained from skincare products released by Kylie in May 2019.

Forbes claimed to have asked for clarification from Kylie Jenner, but had not yet received an answer. Responding to Forbes’ decision, through his Twitter account, Kylie Jenner said the article released by Forbes was also inaccurate based on unproven assumptions. Quoted from the Beautinesia site, Princess of Chris Jenner was also reluctant to respond and justify how much wealth he currently has. “I never asked for any titles or intended to lie at that time,” said the mother of Stormi Webster.

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To deal with the spread of Covid 19, most countries in the world establish independent quarantine at home. As long as you have to work, study and do all the activities at home, of course household expenses continue to run. At a time like this, it’s a good idea to save money on household expenses during the quarantine period in your home. The good side of you having to stay home during the stipulation period of the Government is that you can save on transportation expenses.

Here are some ways that you can use to save your expenses as long as you have to live and work from home.

1. Turn off the lights when not in use

Courtesy:http://img.thrfun.com

This simple thing is often forgotten. Did you know that by turning off one light in your home, you can save electricity. Two 100 watt incandescent lamps which are turned off for two extra hours per day can save 15 US dollars per year or around Rp245 thousand (exchange rate Rp16,354). If you want to save even more, you can switch to the type of LED lights to reduce your electricity costs. Without you realizing you also contribute to the maintenance of our earth by saving electricity. .

You can also use natural lighting during the day. Open your window, turn off the lights other than at night. If you fall asleep, don’t forget to turn off the sleep lights in your room too.

2. Turn off the water

Cover the water tap after use and before use. If you wash your hands, don’t let water run while you rub with soap. Reduce the flow of water so that the flow of water that comes out is not too much. Try to take a shower not too long. Clean your whole body parts without having to discharge water through your tap as long as you shower.

3. Pay your installments

Try to pay your installments before maturity. Fines will result in you having to pay unnecessary fees and in the midst of this crisis, you should keep your name in the relevant Financial Services Authority if in the future you need your funds not constrained in your credit score.

4. Save Food Stock

Avoid going out every day just shopping for food daily. Shop for food stock for about a week or two. You can store it in the refrigerator and freezer for food ingredients that can be frozen. Suppose you buy a potato, you can fry it dry, and store it in the freezer. Likewise, meat, fish and seafood. Make sure all your food items have been washed with soap first.

5. Stop smoking

Besides you save money on your monthly expenses, this also helps maintain your health. As much as possible you reduce smoking even quitting will be even better. You love yourself and those around you.

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For years I have been the “CFO” of my household. Over twenty plus years of marriage, I have paid the bills, done all of the investing, monitored the family budget and net worth, negotiated mortgages, and even have power of attorney for my husband, so that I can execute trades on behalf of him. We both have charities that are near and dear to our hearts, but we normally write a check for all of our donations from our joint account. Often, the thank you card we receive from the charity is addressed only to my husband. Ouch!

Over the past year I have had two charities which responded to our charitable donations with thank you cards made out only to my husband. Meanwhile, my name is listed first on the top of the check and I have a different surname than his. In addition, we continued to get mail from one of the organizations and, you guessed it; my name wasn’t included on that mailing either! Meanwhile, my husband does not even have his own checking account nor was he the one who originally decided to give to the charity. I had been the one who starting contributing and asking for information.

When I complained to the charity, it took them over 6 months for them to include me in their subsequent mailings. Still, even though I am the one who signed up for ongoing electronic communication, they only address my husband in the salutation of the correspondence sent to my email address.

As a female CERTIFIED FINANCIAL PLANNER professional, I respect that not all women want to take charge of their finances to the extent I do, but I believe that it is extremely important for women to be aware of their financial situation. That is why I insist that each spouse (or partner) is involved in the financial planning process and that they both provide feedback on my questionnaires as well as participate in ongoing discussions. If anything, women have a greater need to feel secure about their finances as the majority of females become solely responsible for their finances due to death, divorce, or choosing to stay single. The financial services industry often is derided for their treatment of women, both toward employees as well as clients. I can totally understand how women can feel disenfranchised by these institutions and society at times. We need to think about the subtle and not so subtle messages we send out to them that may be turning them off.

We are no longer living in the 50s. More women than men are graduating from college and obtaining graduate degrees. We are choosing to work even after we have children, and we often make most of the buying decisions for our households. With the growth of internet communication, we need to ensure that our databases are capturing the correct client data and responding to both spouses. It is essential that women not only feel they are being acknowledged, but that their input is being solicited in a proactive way.

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