“Women earn only 69% percent of what men earn”, according to a study by the American Association of University Women Educational Foundation.

Maternity, Parenthood, Limitation on the working hours, Limitation on traveling, Discomfort of the males reporting to a female  boss, the females choice of looking for a job and not for a career, the preference or compulsion to choose family when there is a conflict between family and work are some of the factors that contribute to this disparity.

Though women score higher than men in every subject, including science and mathematics, most of the organizations are unwilling to compensate them for their superior scholastic performance.

One way females can bridge this gap is to outsource their family commitments such as cooking, cleaning, washing, tutoring etc, so that they can find more time for their career.

Is the Dollar’s steady fall ‘authorised’?

The Sterling Pound which was quoted at around 1.70 to the dollar one year back has breached all resistance and broke the $2 barrier. Economic data does not give any indication that the UK economy is growing stronger and the US economy is growing weaker. Then how is that the dollar is steadily depreciating and the Fed is not intervening?

 It seems the Dollar’s steady fall is welcome by the Fed with the tacit approval of the Congress. US is facing a huge trade deficit and a weak dollar could spur the export growth and simultaneously curb the imports

Look at the Thai baht. In just one year it has appreciated more than 20 percent against the dollar despite the fact that the government has gone all out to stem the baht’s rise. It seems wise to go short on dollar in the short term 

Citibank’s decision to cut 17000 jobs and shift 9500 jobs to low-cost locations is not totally unexpected.    

A multinational’s mission is profit; not society’s welfare or employee’s welfare.

It is a myth that you have a secured job if you are working for a multi-national.

The moment the decision was announced its stock price went up. We know the correlation. If jobs are cut, expenses will go down, profits will go up.

So it doesn’t pay to work for multi-nationals. It pays to own a portion of the multinationals – in the form of shares.

The real job security lies is enhancing our skills thereby increasing our employability and making ourselves indispensable wherever we work.

We have to wait for a couple of days to know whether Wolfowitz will continue as World Bank president or will be ousted.

The accusation that he promoted his girl friend Shaha Riza to a high-paying job is still being investigated.

Whether Wolfowitz will be ousted or leave on his own is a matter of speculation. But it is a fact that he enjoys the confidence of President Bush, as it is he who nominated him for the top job of the top bank.

It’s funny that we are prepared to ignore the fact that Wolfowitz is a former deputy defence secretary who planned the international disaster of US invasion of Iraq but we are gunning for his head for Shaha Riza’s promotion.

Would you like to know the ‘secret strategy’ of the wealthy people?It’s just 3 simple steps.

Step1: Develop a wealthy mindset that believes in abundance so that you attract wealth into your life.

Step 2: Develop at least one additional source of income so that you find enough money to invest.

Step 3: Invest the extra income wisely so that your money starts earning for you-24 hours a day and 365 days a year.

Once this passive income reaches the level where it can support your desired lifestyle, you have attained your financial freedom. You are also entitled for your bonus - your time freedom.

7 Steps to Financial Freedom.

1.Wealthy Mind

2.Financial Intelligence

3.Financial Plumbing

4.Multiplying Time

5.Enhancing Earning Power

6.Multiple Income Streams