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How (And Why) To Start Collecting Art
Art without a splurge: a myth or reality If you’re currently navigating a rental market crisis, while trying to keep whatever job you still have (with a big global employment crisis looming on the horizon), but want to start an art collection…
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The Money Behind The Music: How Musicians Get Paid In Iceland
Understanding how royalties work How do musicians make money? It’s a tough question. As we engage in the annual revelry that is Iceland Airwaves and a bunch of just-starting-out musicians are taking the stage, we reached out to Sindri Magnússon, Member Service…
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Unemployed, Not Broke
If you ever find yourself jobless, here are quick tips to navigate the complex system There’s no positive way to start this article – you’ve seen the news. Wars are raging across the continent, inflation is soaring and people are losing their…
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Deconstructing Debt And How To Handle It
“We could do a lot better with financial education in Iceland,” says Sara Jasonardóttir, project manager for education and promotion at the Office of Debtors’ Ombudsman (Umboðsmaður skuldara). Since its foundation in 2010, the Office has been assisting individuals who find themselves…
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You Should Have Started Planning Retirement Years Ago
If you haven’t yet, chances are your future is looking grim Björn Berg Gunnarsson teaches people about money. As the former Director of Research and Economics at Íslandsbanki, he was in charge of financial education at the bank for over a decade.…
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Dumpster Diving By Necessity, Not Choice
As prices in Iceland continue to soar, some turn to garbage bins to avoid starvation Iceland’s reputation as an expensive place to live is hardly a secret. Yet, the growing trend of dumpster diving in the country remains somewhat taboo. Some divers…
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Money Moves: Proceed With Caution
Loki Lindarson on why you may want to stay away from the crypto frenzy Cryptocurrency has been around for more than a decade, yet for most people it’s nothing but a trendy buzzword. While everybody understands that it’s a form of digital…
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It’s Company Time!
Traversing the landscape of bureaucracy in search of a shiny ehf Whether you sell handicrafts or make music, it turns out that you can start a company – most likely a private limited company, known as “ehf.” We spoke with Rannveig Lind…
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Money Moves: Investing Made Simple
They say investing is the key to unlocking financial success, but for most ordinary people, terms like bonds, stocks and equities sound like little more than a list of buzzwords. Things like investing are rarely taught in schools. We sat down with…
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Love, Death & Joint Bank Accounts
A pure practicality or a recipe for disaster? Talking about money is not easy. In fact, according to psychotherapist and couples therapist Wieslaw Kaminski, money is one of the most common topics his clients fight about. Can having a joint bank account…
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How The Hell Do I Save For A House?
With half of Reykjavík’s residents splurging way too much on their monthly mortgage payments and the other half renting all sorts of converted structures – garages, basements, and even closets – the housing market has never looked more gruesome. Trying to crack…