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Financial management online is an innovation in a financial world that many would agree is in chaos. Investment banks have been found to be little more than gambling dens in 2012 and several chief executives have been exposed as incompetent despite the fact that they have been paid vast amounts whilst running businesses down. In the past glaring financial inequalities have cost some wealthy monarchs their heads. In 2102 there have also been serious revolutions with dictators ending up being shot like rats in a hole. Notwithstanding the French and Russian revolutions and political experiments aimed at sharing wealth out the situations in 2012 is worse than ever. The worlds wealth remains in the hands of very few. In 2012 the world population is said to have exceeded seven billion people. A shocking estimation is that the majority of these people are very poor and even enslaved by poverty in terms of the new definition of slavery which defines a slave as one who has no freedom in fact. Millions of men, women and children can be defined as slaves in these terms. It is very sad to contemplate the fact that the UN organization estimates there to be more slaves in the world now that there were two thousands years ago. There is little hope of poor people breaking out of the of poverty which enslaves them in the twenty-first century. In the twenty-first century many people may be seen scrabbling in waste dumps or pushing carts with a few scraps for recycling. There is little hope that such people will ever escape the poverty which enshrouds them yet it could almost certainly that some at least are experts at their jobs, hard working and intelligent. When politically corrupt systems, racism, nepotism and crime are is removed from the equations one is left with a stark contrast between high and low earners in 2012. The argument that high earners are talented people who need to be attracted by stellar payments have been conclusively disproved by financial chaos that rules. However, there remains a significant difference between the poor man who is on the way up and the one who is mired in poverty from which he will never escape. Financial management is practiced at many levels in society. Large corporations have very well paid executives but the individual who earns a salary, pays taxes, has a mortgage and insurance policies need expertise in his personal capacity as much as the large business corporation does. Financial management is defined as the practice of planning, directing and coordinating all matters to do with finance. Falling within the ambit of such activities are banking, investing, insuring and paying for medical aid. When one bears in mind the fact that a man who started as a rubbish collector ended up as chief executive officer of an environmental services company listed on a stock exchange it becomes apparent that even a person with a limited income should engage in managing it well. Thanks to the Internet it is now possible to join a community of people who are dedicated to effective financial management online. Having immediate access to a personal budget, bank accounts, investments and insurance all on an integrated and easily accessible online system can make all the difference between going ahead or staying in one place. Get a summary of the benefits of comprehensive financial management online and information about a great online personal financial management platform, now.
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