Finance & Investment

10 financial buzzwords we keep hearing in 2024

1. Quiet Journey

“Secret travel” means working remotely at a resort without telling your employer that you’re out of town. Also known as “secret tours,” these secret trips allow employees to enjoy themselves in great places without burning out their vacation time or risking their boss turning down a request for a vacation. At least one enterprising hotel chain has jumped on the trend, encouraging potential guests to mention “quiet getaways” when booking and “we’ll do the rest.” Benefits include business services, all-day barista coffee and specialty drinks at 5 p.m. Unsurprisingly, clandestine travel is controversial in HR circles, with some experts noting that employers can face tax, legal and other complications if employees work abroad for extended periods of time. ——Jaclyn Lowe

Recommended reading for remote working:

2. Coffee Badge

With the post-pandemic call for employees to return to the office more frequently, some hybrid workers have adopted the practice of “coffee badges,” showing up only long enough to put on their security badges and perhaps enjoy a free cup of coffee during their break. ——Michael McCullough

Recommended employment is as follows:

3. Show off in the office

Employers’ efforts to lure remote and hybrid workers back to co-working spaces isn’t all about sticks and not carrots. Some companies have engaged in “office sprucing up”—renovating their workspaces to make them less of a chore. The most popular interior design themes include employee breakrooms with sectional sofas, video game monitors and lots of greenery. -mm

Recommended workplaces are as follows:

4. Resentment

On the age-old problem of absenteeism comes “presenteeism”—working physically but not with energy. Now we have “grudge-ism,” which is continuing to work hard out of financial necessity or lack of imagination or both, while openly expressing dissatisfaction with it to the point of poisoning workplace camaraderie and collaboration. Younger workers may claim to have invented the phenomenon, but it has forever troubled a segment of frustrated office workers. -mm

The recommended career plan is as follows:

5. Rental investment

Despite the federal government’s recent efforts to improve housing affordability, including the First Home Savings Account (FHSA), homebuyer program expansions, and recent mortgage rule changes, Canada’s exorbitant real estate prices have all but closed the door on many people who would like to purchase a home. door. But the dream of homeownership remains as Canadian as maple syrup, and some first-time buyers are getting on the property ladder through “rental investing.” This strategy involves renting a house or apartment in your preferred location (usually a big city) while owning and renting an investment property in a more affordable part of the country. Rental investing is sometimes promoted as a shortcut to home ownership, with the added benefits of capital appreciation and rental income. Be aware of potential capital gains tax implications. ——Justin Dallaire

Recommended properties are as follows:

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@alicechae I’m frugal and I’m proud 🥹 #underconspiration #budget #budgeting #lifeinyour20s #twenties ♬ Original Sound – speedz!

6. Insufficient core consumption

All words have synonyms. “Underconsumption of core” is no exception. It’s the same as Recession Core and Conscious Spending. If you haven’t heard of any of this, “budgeting” might be more relevant. Essentially, TikTok users and Instagram users are dealing with price increases everything Spend less, but do it proudly and loudly. It is also eco-friendly as there is less waste. So, if this is what we all do when money is tight, why is the discussion centered around core underconsumption? That’s because it’s also a response to viral social media trends and shopping posts. Gen Z and Millennials are fed up with influencer marketing and influencer culture telling them what it means to under-consume need Buy. ——Lisa Hannan

Recommended expenses are as follows:

@girl on the sofa

Can someone please turn this into a real song?

♬ Original Sound – Girl on the Couch

7. People in the financial sector

“I’m looking for someone to work in finance. Trust funds. Six point five. Blue eyes. @girl_on_couch, aka Megan Boni, is a New York-based TikTok user she documented in April” “Financial People” earworm. She captioned her 19-second video: “Did I just write the song for the summer?” ” In a nutshell, it does. Several DJs remixed samples of her hit songs, and Boni later recorded a version with superstar DJ and record producer David Guetta. So, has she found her man? In an interview with the BBC, Boney admitted she wasn’t really looking for a man in finance: “I doubt we would work together. ” —JL

The recommended relationships are as follows:

8. Money deformity

It’s not a clinical diagnosis, but money malformation can still affect your health. Depending on how you look at it, the definition of the word is either dissatisfaction with one’s financial situation or an irrationally distorted perception of one’s financial situation (your financial situation is stable, but you are always worried that you are not). Money dysmorphia, especially among Millennials and Gen Z, became a hot topic on TikTok and other social media platforms in 2024, sparking much-needed conversations about money and mental health. —JL



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