The Role of P2P Companies P2P loans have changed the world of lending. In the broadest sense, a P2P loan can happen between any two people, including loans from friends and family. That said, P2P lending usually refers to an online service that handles all of the logistics for both borrowers and lenders. In addition to providing agreements, payment processing, and borrower evaluation, P2P lending service providers make it easier for people to connect....

Hard hit by the pandemic, the accommodation and food services industry—which includes high-contact businesses like drinking places, full-service restaurants, resorts, and motels—lost 6.9 million jobs during the first months of the pandemic. The industry remains 2.2 million jobs below its pre-pandemic peak in February 2020, even after having accounted for nearly all of last month’s gain of 266,000 jobs. Many businesses have reported trouble finding workers, and economists have said that expanded federal unemployment insurance benefits, anxieties about the pandemic, an inability to find childcare, or workers holding out for better wages or even reconsidering their career choices may be behind the shortage....

This letter can help to leave the company with a strong and positive impression of you as an employee. It also formalizes the details of your resignation, so the date you’ve resigned and the last day you’ll be working are set in writing. Here’s information on what to include in a resignation letter, tips for writing it, examples, and advice on how to graciously move on from your job....

Choosing to move work from an in-house department or a U.S. supplier is called offshoring. Offshoring can be divisive and is often blamed during periods of slow job growth in the U.S. But is offshoring all bad? To answer that, we need to explore the history of this practice. Offshoring Background The advent of the internet and the increasing accessibility of personal computing power opened up offshoring opportunities across industries....

Eighteen months after President Joe Biden said every borrower with federal student loans should have at least $10,000 wiped away, and with the freeze on federal loan payments set to end in January, borrowers want to know what’s going to happen. And in the absence of any news, and as time passes, it would appear the public assumes the chance of student loan forgiveness is dwindling. According to an August poll by the Federal Reserve Bank of New York, the perceived likelihood of forgiveness expanding dipped significantly for the first time since 2019....

What’s the Difference Between MLM and Pyramid Schemes? Unfortunately, not every business opportunity is a legitimate one. Some are pyramid schemes—frauds designed to part the unwary from their money. Legality The big difference between multilevel marketing and pyramid schemes is that MLM is legal in Canada and most of the U.S. and pyramid schemes aren’t. Participating in a pyramid scheme is an offense under the Criminal Code of Canada, punishable by up to five years imprisonment....

It can be even more challenging when you don’t get selected for a second interview, even though you thought you did well the first time around. If you’re willing to do a little self-reflection, you might be able to figure out what you’re doing wrong and try something else instead. Reasons You Aren’t Getting a Second Interview (That Aren’t Related to You) But before considering your possible missteps, it’s important to note that there are plenty of reasons why you might not get a second interview that have nothing to do with you....

How to File an Extension Filing an extension is one of the simpler tax challenges you’ll ever encounter, but you should understand what it does and doesn’t do. Taxpayers should file Form 4868 to get a six-month extension on their tax-filing deadline. An extension doesn’t give you additional time to pay, though. The IRS will charge interest, and sometimes even penalties, on tax payments made after the applicable due date. Thus, the earlier you settle your debt with the IRS, the better....

For example, if you have a remote position or your boss works in another city or country, you might not be able to resign in person. In this case, you might decide to announce you are quitting your job through email. That’s perfectly acceptable if providing notice in-person isn’t possible. What to Include in a Resignation Email If you need to resign via email, be sure your email message is polite and professional and includes all the pertinent information related to your resignation....

Early Supplier of Home Mortgages Before the Federal Home Loan Bank Act of 1932, most home mortgages were short-term and provided by insurance companies, not banks. S&Ls then gained the ability to offer 30-year mortgages that offered lower monthly payments than previously available. It helped make homeownership more affordable. S&Ls have changed significantly in recent decades. Those that still exist today operate like most commercial banks by offering checking accounts and other common features....

Drivers of High Demand It’s generally a good idea to take advantage of pent-up demand, because that’s what drives competition. Having a larger number of people who are looking to buy a home should increase the odds that you’ll make more money on the sale. In some seller’s markets, the number of homes for sale might be few and far between. If there is not much to choose from, the nicest homes will attract the most attention, but the ugly homes will sell, too—simply because there aren’t very many options....

praetorianphoto / Getty Images Difficult bosses who threaten your mental or physical health, relocation for a partner’s job, intolerable working conditions or levels of stress, an inability to master the job, an employer who has asked you to do something unethical, or an organization that is going under are all signs it’s time to quit your job sooner rather than later. In other cases, you might be changing your career and need education or training to make the transition, which can’t be completed while holding down your current job....

However, businesses have to keep a detailed accounting of their financial transactions. This process is known as bookkeeping. The survival of the business depends on the owner’s ability to establish good accounting practices. Single-Entry Single-entry bookkeeping is probably only going to work for you if your business is very small and simple, with a low volume of activity. It is actually similar to keeping your own personal checkbook. You keep a record of transactions like cash, tax-deductible expenses, and taxable income when you use single-entry bookkeeping....

AMR Image / Getty Images The Senior Citizens League, a nonpartisan senior citizens advocacy group, said this week it estimates the Social Security Administration’s cost-of-living adjustment, sometimes referred to as COLA, could be 6.2% for next year, up from the 1.3% for 2021 and the highest since the 7.4% increase for 1983. For someone with the average monthly benefit of $1,433.23 (as of June), that’s the equivalent of almost $89 more a month....

Worth noting: if this is a consistent problem, you need to examine your budget and your income and make the necessary changes to save money and prevent an income crisis from regularly occurring. In the meantime, here are some easy solutions you may turn to when you are short on cash. There will be months when you may spend the entire emergency fund, whether it’s for unexpected medical bills or other expenses....

Carlina Teteris / Getty Images If you’re looking to invest in mutual funds, there are some important things to keep in mind. Let’s look at a few key considerations you should be aware of before adding these investments to your portfolio. What Is a Mutual Fund? First, it is important to understand what a mutual fund is. There are around 8,000 mutual funds in the U.S. alone, each with a different goal and objective....

In July, U.S. Treasury Secretary Janet Yellen convened the President’s Working Group on Financial Markets (PWG) comprising top financial regulators to make recommendations on the regulatory framework required for stablecoins. The group includes officials from the Federal Reserve, the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency. While stablecoins are considered more stable in value, the PWG said in its report that they can still be risky....

Holiday closures are important to active traders and investors who may want to execute a particular transaction within a certain timeframe. For most long-term individual investors these hours and holiday closures really shouldn’t impact their long-term investing strategy very much. Standard U.S. Stock Market Hours The standard trading hours for the New York Stock Exchange (NYSE) are 9:30 a.m. to 4 p.m. Eastern time Monday through Friday. The Nasdaq’s regular trading hours are the same as those of the NYSE....

Summer jobs are a bit different from regular jobs since they often have: Set end datesTake place over a busy, social seasonDon’t offer vacations or, in some cases, holidays Hiring managers will have a few specific qualifications and character traits in mind as they review job applications and narrow down their field of applicants to those people they want to interview. What to Include in a Summer Job Cover Letter First, make sure you’re familiar with the basics of writing a cover letter....

This line of reasoning explains why many salespeople, particularly inexperienced ones, don’t want anything to do with a pure commissions job. It’s unnerving to know that you can literally starve if you don’t bring in enough sales, and the panic caused by that line of thought makes it much harder to sell successfully, causing a vicious cycle of failure. The truth is that any competent salesperson can be very happy – and make a lot of money – in a pure commissions job, even if the salesperson is inexperienced....