Betty Liu on market impacts from the coronavirus outbreak | Money in :60 | GZERO Media


I’m Betty Liu with your Money In 60 Seconds. So, the impact of the virus has pretty much been felt in the global markets. We’re now back up to around record territory, erasing most of the losses. Initially when US officials reported the second virus outbreak in the US, the markets fell. And in fact, the S&P fell the most in three months. So, in the early 2000s, a SARS outbreak actually hit the markets even more. We saw the S&P fall 13 percent based on the outbreak. But economists say it’s really not an apples to apples comparison because at the time when SARS was happening, we were in a very different economic time. That’s your Money In 60 Seconds.

That Friend Who Never Pays | Teensplain


You were so stingy.
I was never stingy. She was stingy. When we were younger…
You’ve been exposed! I actually don’t remember that.
I promise you that this happened. I have this one friend
that constantly asks for money and I’m just an idiot
so I give it him. Asking for money back,
I feel cheeky, even though they’re the ones that took
the money in the first place. The worst he’s ever asked for is
£122 and he hasn’t paid me back yet. 120! I thought you were
talking about food. £120?! Yeah, I bought him
a shirt and some shoes and he said he was going to pay me
back and he hasn’t. Depends who it is, really. Yes, but it’s never really been
that much money. Yes, I would generally just
cut connections with them cos that’s not the people
I want to hang around with at all. “How do you split the bill?” Most of the time,
I pay for my friends when we go out and things. All
of the time? Most of the time. Normal people would probably split
the bill or just pay for themselves but I end up paying for the whole
thing cos that’s who I am. Pay for everyone? Everyone. I’m a mug all the time, like, once
I’ve paid, I instantly regret it. I’ve got some right leeches
as friends. If you go Nando’s
with your squad and you’re paying for someone else,
usually it’s common courtesy for the other person
to not order something big and go over the price of your meal, but if that happens,
you’re kind of like, “OK…where’s your money, then?” It’s easier for us
cos our group’s just boys. If you’ve got a mixed group… Yeah.
..boys are going to want to pay for their own, the girls
are like, “We’ll just round it up,” and it’s like, “Oh.” We’ve got
mixed groups, it’s a bit different. Mixed groups… Oh, hard. ..tricky. No, not really. 43p, 43p’s not even
getting you out your front door. Yes, if you’re asking them for exact
pennies, but if it’s sort of, “And I got this, so you get this,”
kind of deal, then I don’t think that’s too bad. “Who’s your stingiest friend?” Me?! I never had any money
to be stingy. No, but… Back in the day, when we were
much younger, Agnes was stingy. I’m not going to lie, like, it makes
sense cos my mum would give me £5 for a week. That’s exactly what
you used to say and you were like, “What?! My mum just gave me £5…”
Did you think I was lying? No, I knew you weren’t lying and
I that’s why I paid for it for you. I appreciate it, girl. Thank you. To me, buying, like,
a 99p cheeseburger isn’t going to do anything. It’s not going to do anyone
any harm, as long as she’s eating and she’s healthy and she’s fine,
then it’s absolutely fine. I never even ask for the money back.
Of all the people I know… Oh! ..if someone needs something… Like, I feel bad,
but if she offered to pay it, especially being younger,
it’s like, “OK.” It’s an amazing thing that you have cos I know friends,
they’re not outwardly stingy, but I can tell when they give me
things they don’t want to. If you actually want to give, give,
otherwise keep your mouth closed cos I have friends that are like,
“Do you want some?” I say yeah, and I can see
their face go, “OK.” I would only lend my friends
over a certain amount of money, like, over 100, if it was important.
Yeah. I wouldn’t give it to them,
just to buy their new shirt when they can wait a month because
it causes, like, so much stress. I fully believe in, like, karma.
No. No… I fully believe
that if I do this for you, something’s going to happen to me. And it might not even be
financially, like, if you’re in a place of need. Giving money to people, like,
it benefits you more than you know.

Getting Paid to Cuddle with Strangers | Body of Work


-In most jobs, people are
really just using their brains, and in cuddle therapy,
I’m using my body. -Laughing is good. -I know. It is.
Yeah. -This is a service
for human beings. We are using our bodies
to hold other people’s bodies. Good night.
-Good night. -I’m Saskia Larsen, and I’m
a professional cuddler. ♪♪ I prepare my space for each
client so that we have, like,
enough room to cuddle, and then I take a big sheet,
and I cover the entire couch, and that’s it,
and then I hop on. Ta-da!
[ Laughs ] A professional cuddler
is someone who helps people who are touch deprived
by simply holding them, so if I help somebody feel
better and more connected, they might go home to their
family and be more connected. My clients range in age
and backgrounds. I have clients with
a Hasidic background who don’t get much touch
in their community. Unfortunately, most of
my female clients are sexual abuse victims, and I’ve had situations
where touch doesn’t happen at all during a cuddle session. They are just allowed to say
they don’t want touch. Then I have elderly clients
who live alone, maybe don’t have family around that aren’t getting
enough touch. Hey, come on in.
-Hi. How are you? -Good. How are you doing?
Want a hug? -Yeah.
-Okay. -Always.
-Mm. -Thank you.
-All right. -So I’m going to change?
-Yeah, go ahead and change, and I’ll see you in a minute. A few things that I do
to maintain the nonsexual or platonic nature
of the session is I always have
the sessions in my home. I don’t cuddle on a bed. For me, the bed carries
too much sexual energy, so I do cuddle sessions
on my couch. I don’t allow people to cuddle
with me in their street clothes ’cause I just think
that’s gross, and people have to wear
an appropriate cuddle outfit. How’s your day so far? -Oh, it’s really good now
that I’m here. -Yay.
-I really needed to come. -Yeah, good.
-Mm-hmm. -So when I interview
new clients on the phone, I talk to them
about arousal immediately, and that’s just because
sexuality and touch are so tangled,
so I just tell them, you know, if arousal happens for them,
don’t shame themselves. Thank your body for being
healthy, and don’t act on it, and my definition
of acting on it would be doing anything
that increases arousal or even doing anything
that maintains arousal. -Mm.
-I put so many, like, boundaries in there, it’s, like,
a safe place to function within, and at no point
does anybody think that this is going
to become sexual. -Oh.
It already is working. Can we lay down now?
-Sure. Do you want me to put my arm
under your neck? -I like it like this.
-Like that? Okay. Good.
I’m going to put my — We’ll do pretzel legs, okay?
-Mm-hmm. -Yay.
It’s good to see you. -Thank you.
-[ Giggles ] This is fun. Cuddle therapy, to me,
is a dream job. So we go…
This is all the states where we have Cuddlists. When I first found out that
I could do cuddling as a job and make money, I was like,
“Yes! Are you kidding me? $80 an hour to cuddle?” Basically there’s a profile
for each of the cuddlists on cuddlist.com, and I think what makes
a good profile is just friendly, neutral
pictures of the cuddlist. For me, it was like walking
into a candy store because I’m just an
extremely affectionate person. -Mm. Thank you.
-You’re welcome. I think the reason that I get
some inner soul satisfaction from doing cuddle therapy is just because
it’s really helping people, and it’s so simple. I kind of wish prostitution
was legal and safe so that it could be more clear
and people looking for that could also not feel shame
and just go and have that, but people who are really
actually looking for platonic, nurturing touch
could find it more easily. -Now we’re gonna eye-gaze
and just look at each other. -This one is my favorite.
-[ Giggles ] -It gives me so much love.
-Yay. -The right eye is the right eye. -So I have two main sources
of income right now. One is massage therapy, and one is cuddle therapy,
and I — It’s about fifty-fifty
at this point. Massage therapy can be
physically exhausting, and I have to limit
the amount I can do. Cuddle therapy,
there’s almost no limit. I can do up to 7 hours a day
and feel fine. Yay. That’s nice. -[ Laughs ] -Ushy gushy.
-Ushy gushy? -I have a boyfriend,
and he’s awesome because he understands
what I do and why I do it so we don’t have to deal
with jealousy. When I’m doing cuddle therapy,
even though it’s — there’s a closeness there
and there’s an intimacy there, and I have love for my clients,
it’s not the same energy at all as me being held
by my boyfriend. When I first became
a cuddle therapist, I was kind of, like, shy
about talking about it, so I would actually
introduce it by saying, “You’re gonna think
this is weird.” Now I don’t do that at all.
Now I just say, “Oh, I — You know,
I’m a cuddle therapist,” and I continue the sentence
by saying, “I provide touch
for touch-deprived people,” and people are like,
“Oh, cool.” It’s amazing, like,
the difference in reaction, how I feel about it
and how people perceive it. There’s a paranoia
about touch in our society, and I think it would
so much better if people could get touch
without necessarily being villainized
for coming on to somebody. I think touch is important
because we’re human beings and it’s in our DNA
to need connection with other human beings, and without connection
to other human beings, we just don’t thrive. ♪♪ ♪♪ ♪♪ ♪♪

How Pearl Pay Founders Met


Mabuhay! I’m Spark! the Pearl Pay idea
started in 2015 under the simple premise of if China UnionPay
and India RuPay, the Philippines should have Pearl Pay. I am Nap! I moved to
Philippines from UK. Having cashless in London
I’m saturated with the country’s dependency with cash. When I met Spark
he shared his vision to me and started the venture together.
Pio here! I am Software Architect. I consulted Spark on building and e-wallet
platform to my surprise Spark has already a presentation in his laptop since that
day we’ve been working full time for Pearl Pay. My name is Adrian! my name is
Jerwin! me and Jerwin have been friends since childhood. We’ve been part of Pearl Pay
with Spark, Pio with Nap because of our similar mindsets and values and our
frustrations with the cash dominant fragmented financial services here (Philippines).
We are Pearl Pay! The better way!

NSW Online Registry – How to file a Notice of Motion to Pay by Instalments


Welcome to this demonstration video on the NSW Online Registry This demonstration will briefly step you through the online process for filing a Notice of Motion to Pay by Instalments The case will appear in the search results A list of available forms that can be filed on this case displays The UCPR form will display The judgment debtor and judgment amount will display Next, complete the instalment details The Attach Signed Form screens displays Your computer directory screen will display Your PDF document will display in Your attached files list

What Actually Happens When You File For Bankruptcy


What happens when you can’t pay your debts? Well, once upon a time such as in ancient
Greece you might have ended up in debt bondage. Being a debt slave meant that you and sometimes
your family would work for the person you owed money to pay off your debt. This is distinct from slavery, since you were
freed once your debt was paid. Later on in history, like in Victorian England,
the poor were sent to horrific debtors’ prison and would only be released when their
debt was paid in full by friends or family. Other debtors’ prisons functioned similar
to workhouses and a debtor worked off not only their debt, but their room and board
to be freed. Currently, many countries now practice some
form of bankruptcy which reigns in debt and allows debtors to get a fresh start financially. That’s not to say that questionable debt
practices no longer exist; in some parts of the world, such as South Asia and Sub-Saharan
Africa debt bondage is still practiced. The United Nation estimates that 8 million
people are trapped in bonded labor. Thankfully, there are many groups working
to improve lives of and free people from what the UN considers a ‘modern day slavery practice’. However, today we’re discussing the basics
of how personal bankruptcy functions in the United States. There are actually 6 different possible types
of bankruptcy in the US. They are each named for the portion of the
Bankruptcy Code they are found under: Chapter 7, Chapter 9, Chapter 11, Chapter 12, Chapter
13 and Chapter 15. Each Chapter addresses a different type of
bankruptcy, for example Chapter 9 applies to the bankruptcy of municipalities such as
towns or cities. The majority of individuals file one of two
types of bankruptcy, Chapter 7 or Chapter 13. People choose to declare bankruptcy for a
myriad of reasons. Many financial literacy websites such as Investopedia
state that a significant amount of people declare bankruptcy each year in the US due
to costly health events. Two other major reasons why people end up
filing bankruptcy are due to losing employment and poor financial choices, including excessive
spending. Bankruptcy is a legal proceeding, where an
individual, spouses together, or a business makes a formal request to a federal court,
declaring that they are unable to repay outstanding debts. Each type of bankruptcy requires different
forms and procedures. For Chapter 7 bankruptcy the debtor petitions
the court that they are unable to pay their debts. So let’s walk through how a Chapter 7 bankruptcy
could proceed: Meet James. He has some student loans from getting his
college degree, some credit card debt, medical debt from emergency ER visit, and until 5
months ago, a decent job. Unfortunately, after being laid off, James
quickly ran through the small amount of saving he had. While James has moved into his parent’s
basement to save money and has been working some temporary gigs while he continues to
look for a permanent job in his industry, he’s months behind some bills. James decides to file bankruptcy. The first step is that James must undergo
government mandated credit counseling. The US Trustee’s Office maintains an approved
list of agencies that provide counseling at reasonable cost. Debtors are required to file a certificate
of counseling completion along with their other bankruptcy forms. Sometimes going through the pre-bankruptcy
credit counseling helps a debtor to develop a plan to resolve their debts without going
into bankruptcy. James’ second step is to file bankruptcy
forms with the court and pay fees associated with the cost of his case. In some instances, debtors can request a fee
waiver. Generally, mandatory bankruptcy court fee
costs between $300-$400 USD. The bankruptcy paperwork James has to fill
out is pretty extensive; it includes forms listing financial information, assets, income,
expenses and property exemptions. An important requirement for a Chapter 7 bankruptcy
is that the debtor does not have sufficient income to pay even at least a portion of their
debts. If the debtor has enough income, they must
file under Chapter 13 bankruptcy, which we’ll discuss shortly. The decision of which type of personal bankruptcy
to File Chapter 7 or Chapter 13 is determined through The Bankruptcy Means Test which calculates
the debtor’s income, expenses and debts to see if any repay is possible. Once James has completed the filing part of
the bankruptcy process, an automatic stay goes into effect. This stay stops most debt collection efforts,
which James really appreciates, constant calls from creditors have been making him anxious. In addition to halting communication from
creditors, automatic stays stop wage garnishments. In some cases they even temporarily stop repossession,
foreclosure or eviction proceedings for the duration of the debtor’s case, allowing
time for the debtor to come to an agreement with the creditor. After James files paperwork, the court appoints
a trustee to handle his bankruptcy case. The trustee reviews James’s paperwork.Then
his assets become part of the bankruptcy property and are scrutinized and evaluated by the trustee. The fourth step in the bankruptcy process
is the meeting of creditors held by the court. At the meeting, James under oath answers questions
about his finances from the trustee and any creditors who choose to show. Once the trustee gathers and reviews all applicable
information pertaining to James’ debt, the court makes a decision on whether or not James
is eligible for Chapter 7 bankruptcy protection. If the court denies eligibility, James may
have the option to file for Chapter 13 bankruptcy. Thankfully the court granted James’ petition. The trustee now decides which of James’
assets to sell off for money to pay his creditors. Some assets are considered exempt from liquidation
such as the house the debtor lives in as long as the mortgage is current, household furnishings
or a personal vehicle up to a specified value–basically essential assets needed to maintain a life. Common assets that are not considered exempt
are investments, jewelry, valuable artwork or collectible items such as a stamp collection. Each bankruptcy case is unique and the assets
sold depend on the facts in the individual case. Also, different states set their own rules
as to what assets are exempt and non exempt. Seventeen states allow debtors an alternative
choice, they can either choose the state exemption system or opt to follow another set of exemptions
created by Congress, called the federal bankruptcy exemptions. If a debtor lies or tries to hide assets and
is caught, the debtor can face penalties and may not have their debts discharged. In some cases, debtors can face criminal charges
for fraud for providing false information when filing for bankruptcy. Depending on the individual situation, the
debtor may be able to negotiate with the trustee to keep certain nonexempt property if they
come up with enough cash or are willing to give up exempt property instead. So James has to sell his coin collection to
pay towards his debts, but is able to keep his paid off, few years old commuter car. Depending on the state a debtor may only receive
an exemption for the functional version of an essential item. For example, if James owned outright a $40,000
car sports car, his trustee may sell the car for $40,000, use $35,000 to pay towards James’s
debts and give him a $5,000 credit for an exempt car. At this time James must resolve any secured
debt by either returning the collateral or property or reaffirm the debt, meaning that
he will continue to make payments. If James didn’t own his car outright and
has an overdue car note, he would have to let the car be repossessed or get current
on the car note and continue to make payments. Obviously, if it’s an expensive sports car,
James will have to let it go, but if it’s a budget commuter car, it may behoove James
to figure out a plan to keep making payments. The final step James must take is to complete
a debtor’s education course and file a certificate with the court confirming completion. Then generally within 3-6 months after James
has filed, he will receive his bankruptcy discharge notification and the automatic stay
is lifted. Within a few weeks of receiving his discharge,
James’ case is officially closed and his unsecured debts–his credit card and medical
debt are cleared, he will continue to have to pay off his student loans. The public record of a Chapter 7 bankruptcy
remains on James’ credit report for 10 years. For Chapter 7 bankruptcy, some debts are not
eligible to be discharged. Non dischargeable debt includes spouse and/or
child support, most student loans, and income tax debt. Common debts that are wiped out are credit
card balances, personal loans and medical bills. If money is owed on a secured debt, which
means that the debt has collateral, such as a mortgage or vehicle loan, the debtor has
a choice if they are current on their payments: they can allow the creditor to repossess the
property, thereby discharging the debt or they can keep the property and continue to
make payments under the original contract. Debtors who don’t have any valuable assets
and only own exempt property, simply have their debt discharged and don’t repay any
part of their unsecured debt. The majority of Chapter 7 bankruptcies filed
for are granted. For Chapter 13 bankruptcy, the debtor petitions
the court with a different request, instead of selling off assets and discharging debt
like Chapter 7, debtors seek to reorganize their debt and establish a 3-5 year plan for
repayment. Chapter 13 payments are then made monthly
to the court appointed trustee, effectively consolidating debts into one single amount. The trustee then distributes the money to
the debtor’s creditors, and the debtor doesn’t have any direct contact with creditors. The Chapter 13 bankruptcy process may allow
debtors to stop foreclosure proceedings and catch up on delinquent mortgage payments over
time. It also allows debtors to negotiate and possibly
set new terms for vehicle repayment and to lengthen payment plans for past due income
taxes, child support and spousal support. Meet Nicole. She has a car note, a mortgage on a small
house and a pretty good job. Unfortunately last year, Nicole had a medical
emergency and missed a few months of work, wiping out her savings, which forced her to
mainly live on her credit cards. Even worse, the medical costs exceeded Nicole’s
medical insurance. Thankfully, Nicole has recovered and is back
to work fulltime. However, at this point she’s behind on her
mortgage, car note, some of her credit cards and has a lot of medical debt. When considering filing for Chapter 13, Nicole
opts to hire a bankruptcy lawyer. For both Chapter 7 and Chapter 13, many debtors
hire a bankruptcy lawyer to assist them through the process, which can be confusing. Hiring a lawyer is more common with Chapter
13, because it tends to be more complicated. A bankruptcy lawyer can cost anywhere from
$200 for a basic meeting up to around $6,000 if the lawyer appears in court for you or
your case is complex. In Nicole’s case, she feels like it’s
worth it to shell out a few thousand dollars to try to prevent the foreclosure of her house. Like with Chapter 7, the first step in the
Chapter 13 bankruptcy procedure is that Nicole must undergo government mandated credit counseling. Then she files bankruptcy forms with the court
and pays fee associated with the cost of her case. However, as a part of her filing Nicole submits
a debt repayment plan which is often developed during credit counseling. Also, it’s likely Nicole’s lawyer would
help her create a debt repayment plan. Once Nicole has completed this part of the
process, an automatic stay goes into effect limiting communication from creditors and
temporarily halting the foreclosure of her house. The court appoints a trustee to Nicole’s
case. Next, the court holds a meeting of creditors
and then within 45 days a Chapter 13 confirmation hearing is also held by the court. For both court appearances, Nicole’s lawyer
goes with her. Nicole’s lawyer has also been in negotiations
with her creditors to get her the best outcome possible. At the Chapter 13 confirmation hearing Nicole’s
repayment plan is reviewed. Creditors may ask for clarification and raise
concerns or objections to the repayment plan. By the end of this type of hearing the debtor’s
plan is confirmed, the confirmation hearing is continued for another day, allowing time
to redo the payment plan or negotiation between a debtor and creditor. In some cases, at the confirmation hearing
the bankruptcy case is dismissed or converted to a Chapter 7 bankruptcy. Luckily, at her first confirmation hearing,
Nicole’s repayment plan was accepted. Then the court considered whether or not to
have Nicole’s Chapter 13 monthly payment be deducted directly from her paycheck. They opted to let her make the monthly payment
to the trustee on her own. For the next 5 years Nicole will continue
to make a monthly pay on her debts. After 5 years, if Nicole has remaining credit
card and medical debt, it’s discharged. She will continue to make mortgage payments
for her house. During the 5 years, Nicole was able to complete
her car loan and she now owns her car outright. In general, Chapter 13 debtors must petition
with repayment plans that can take between 3-5 years to pay off. Once the years of repayment are completed,
the record of the Chapter 13 bankruptcy stays on the debtor’s credit report for 7 years. During the 3-5 year repayment process, the
debtor isn’t allowed to incur any more debt, such as a new vehicle loan, without court
approval. Also debtors must maintain insurance on any
collateral or properties. So why do people file bankruptcy instead of
seeking other options, especially since declaring bankruptcy affects credit scores? Having a record of bankruptcy makes it hard
for a consumer to open new accounts, obtain unsecured loans or credit cards and sometimes
makes them ineligible to purchase a vehicle for several years. Bankruptcies can even affect getting security
clearances or professional licenses. However, we’d like to stress that each bankruptcy
is unique and there’s no one size fits all answer; it utterly depends on the life situations
the debtor is going through. Dealing with creditors can be extremely stressful. Others need a guided plan to begin rebuilding
their financial health, sometimes bankruptcy is simply the best option available. No matter what your financial situation the
best option for you right now is to click on this video for another great episode of
The Infographics Show or on this video over here. You’re going to love them both but you’ve
got to decide on one so click a video right now!

Do I Need to Pay Federal Taxes? (Tax Basics 2/3)


Meet Ray. Ray is an incoming senior at State University
who just finished up a summer internship at Corporate Co. Ray had a great experience,
and made a lot of money, so he thinks he might have to submit a tax return. There’s just one problem. Ray has no idea where to start. What should he do? Well, for starters, Ray needs to figure out
whether or not he even needs to file a tax return. While this sounds complicated, it’s actually
quite simple. If Ray’s income exceeds a certain threshold,
he’ll need to file a tax return. Otherwise, he generally won’t. So what’s the threshold? Well, as of 2015, single, independent individuals
with gross income above $10,300 must file tax returns. While that may seems sizeable, keep in mind
gross income includes every major form of income, such as earned income, like from wages
and self- employment, and unearned income, like from investments and interest, so almost
everyone will clear the threshold. But that’s not the only criteria. If you have $400 worth of net earnings from
self-employment, you’ll have to file a tax return, even if you don’t meet the overall
income threshold. Finally, we come to dependents. They must also file a tax return, so long
as they exceed one of the following criteria as of 2015: $6,300 in earned income $1,050
in unearned income, $400 in net earnings from self employment, or, wait for it, gross income
that exceeds the larger of these two criteria: • $1,050
• Or earned income, up to a limit of $5,950, plus $350. We know this may all seem overwhelming. But don’t worry. The IRS actually has a great “Do I Need
to File” Tool that will walk you step by step through this entire process, even covering
scenarios too complex to explain here. But let’s get back to Ray. Where does he fall? Well, Ray is an independent with $30,000 in
gross income, so he’ll definitely have to file a federal and state tax return. The due date for this is usually April 15th,
but Ray can generally start as soon as mid to late January. Finally, even if Ray didn’t meet the income
threshold, he may still want to file a tax return. That’s because if he worked as a traditional
employee throughout the course of the year, income would have been withheld from his paycheck
by his employer, and the only way to get that money back would be by filing a tax return. Hopefully you and Ray now better understand
whether or not you need to file a tax return. Be sure to check out our next video, where
you’ll learn how to actually pay your taxes, and be sure to check out our website, where
you can find more educational material and free recommendations for great tax-filing
software.