November 20%

In November I got quite a bit accomplished. I was able to get more people to share their stories with me on my website and am continuing to ask for more. I am almost done creating the website as well. The basic template is done so all that is left is to add the information and put it on the web. I am excited about my progress this month because I was able to get a lot done for restarting the website. By the end of semester I will for sure have the site up with at least one story per category. I am hoping to get more than that though. I Want to get the website up by early December so that I can start to advertise and hopefully get more people to share their story.

Income

If I have a salary of $250,000 a year, after taxes I would get $210,750.08 as my net total. I know this because in the Bahamas there is no income tax, capital gains, wealth, inheritance or succession taxes. The only taxes I would have to pay would be social security and national insurance tax. I would pay 5.9% of my money to social security because I fall into that group because I make more than $26,000 a year. Then I would pay 9.8% of my salary to the national insurance. This is deposited monthly so it would come more out of a monthly salary. After deducting these two things you reach my net gain of $210,750.08 a year. This math is shown below. 

$250,000x5.9%=$14,750 (social security)

$250,000/12=$20,833.33 (monthly fee for insurance) 

$20,0833.33x9.8%=$2,041.66

$2,041.66x12=$24,499.92 (yearly insurance cost)

Net total: $210,750.08 

https://www.kpmg.com/global/en/issuesandinsights/articlespublications/thinking-beyond-borders/documents/bahamas.pdf

Reading question for section seven

Questions needing or be answered:

1. What have you learned thus far?

2.The Efficient Markets Hypothesis defines such efficiency at three levels, what are they?

Reading section six questions

-Questions that must be answered.

1. Explain strong, semi strong and weak EMH in your own words.

Goal Summary

I have not quite reached my October goal because I had to change my idea. I am currently working on a new way to build a website but have been in contact with people to post their stories on my site. I am hoping to have my site up by December and adding the stories.