Recently, the minimum wage and the comparison between the countries in Europe is one highly discussed topic. That’s why we decided to do a little research and see what is the situation in European countries and where the payment is high and where it is low.
Firstly, it is important to note that not all countries have minimum wage and some of them like Italy, Sweden and Denmark don’t have anything like that in their methods for work payment.
Another important point which we have to mark is that to make the article more readable, all average wages are presented in Euro.
|Country||Minimal wage in Euro|
|Isle of Man||1416|
Binary options trading is extremely popular in the recent days. With the Internet boom thousands of online brokers started offering this financial option to their clients. By having this in hand, every person with little computer knowledge with just few clicks can start buying and selling options.
Moreover, the binary options are relatively simple to manage. You have a variable which you can trade – let’s say the exchange rate of the Japanese yen against the US dollar (we have thousands of options to choose from). You can choose whether the price of the yen will rise or fall in a given time period. If you guess the movement of the currency correctly you win money if you don’t you lose. The time period is different, as you can play for minutes, days or weeks.
Is there a problem with this system and what would say every expert in sports betting if he or she take a glimpse of binary options?
The most common answer would be that you must be crazy to invest money in binary options.
The problem comes from the so-called margin. This is the profit that the broker retains for itself, as a result of your and the other investors activities. Consider the above example with the yen and the US Dollar. If you invest your money that the yen will fall against the dollar and you invest with 100 USD, let’s assume that there is another person who would do the opposite and finance the option that the yen will climb against the dollar.
If you win, the broker will return your 100 USD plus your income of 80 USD (at best). But he will take 100 USD from the other person who would have lost his or hers money on the same investment. Thus broker has guaranteed 20 USD whatever the outcome of the investment is.
This is the margin and this is something that every sports tipster will laugh a lot. The reason is that the sports betting bookmakers offer much lower margin (usually around 4%, against 15 and more for the one offered by the brokers of financial options) and therefore your chances of winning in binary options are much smaller.
There is not huge difference between the events financial or sports – you have two possible outcomes, but your chances of winning are much smaller.
In recent years, this question is one of the main issues which one could encounter on any forums for personal development. Usually the answer which might be found there is the one that the only possible way to be successful is to start your own business. In such forums this is explained with all the benefits of being able alone to manage your money and time, being able to realize your goals and especially being a person who contributes to your own development, not to the development of someone else.
However, if you talk with Stamen Yordanov, who has more than 20 years owning a medium business with production of windows, you would hear that nowadays there is nothing better than working a good job at a decent wage.
Where is the truth?
To find the answer to this question is good to be able firstly to answer the eternal question – what does it means to be successful. Business and finance are important to human life, but they are not everything. There are other important factors such as family, peace and especially health.
Developing your own business is anything but a calm and problemless activity. Your working time increases dramatically and the time for the family declined. The stress is many times larger, which inevitably affects your health. Family and health are getting worse and both are important for Stamen at that time. In terms of personal finances, I doubt at this point Stamen would start working for salary somewhere. However, it is important to note, that he dreams being able to leave all working cares in the office, thinking about work only from 8 to 5 and knowing that on every 30th day of the month he will receive an exact amount of money in the form of salary.
Of course, we do not want to convince you to be uninitiative and if you have a good business idea go for it. I just wanted to say that there is another look at things but the very modern in the recent years – do not be a slave to your employer, start your own business immediately and the money will start piling up.
It is important for everyone to find their own balance between health, family, leisure and of course – finances.