All posts tagged Wealth

The Key To Turning Your Failure Into Success In 3 Simple Steps

Failure can be a devastating thing and not to mention embarrassing when you have a lot of eyes and ventures banking on you. Where the element of positivity comes into play, is how you move forward and let go of the failure… You have the opportunity to make something great out of it it’s just all about how you recover. Below are three steps from, Bruce Cazenave, an executive at Black & Decker, and current CEO of Nautilus, Inc., to help you ensure a positive outcome from a fail:

 

1. Know when to move on.

This phrase describes the ability to let something go before you’ve invested an overabundance of time, energy and resources. The key is to reflect on how you can push yourself and team members to maintain a continued focus on what the company or organization can do better.

“Persistence can change failure into extraordinary achievement.”Marv Levy

2. Equate success to the lessons learned.

One of the biggest challenges individuals face is to take a step back from failure and see the bigger picture. For example, we make it a point to host casual gatherings where our employees are encouraged to share input on everything from our latest products to workplace issues.

This is an opportunity to discuss what is and isn’t working, and what lessons we can glean as individuals, as teams and as a company. As we begin to think about failure being a learning opportunity, rather than a negative, it becomes easier to find the education component within nearly any situation.

3. Make each failure a strategic one.

When failure does happen, it is essential to be mindful and deliberate about why something didn’t work, as well as attentive to what can be learned. This “big-picture” thinking is key to reaping the most out of a seemingly negative situation. Being mindful of the past missteps you have encountered will help you avoid repeating the same mistakes.

 


 

Related Article: Check out these wildly successful people who were once deemed failures for a little inspiration!

Original Source:

http://www.entrepreneur.com/article/254304

How To Talk About It AND Be About It… The Key To Getting Sh*t Done

There’s nothing worse than looking back on a great idea and realizing if only you would’ve actively pursued such thing, you would probably be better off than you are now… For some reason, following through can actually be a difficult discipline to learn. Below are five tips to help you follow through on your grand ideas to lead you to success:

Accept risk.

Pursuing your idea is a lot like skydiving. You anticipate your parachute opening, but each time you jump, you accept risk — there is always that chance your chute might not open. Being an entrepreneur has many risks, including financial issues, personal relationships and even health. When you run wide-open with your idea, completely accepting the risks associated with it, you stand a much better chance of reaching the finish line.

Create a plan.

Anyone can come up with an idea and a desired goal — that’s the easy part. It’s the complete plan that allows you to get from start to finish that’s the difficult part. Write everything down and reverse-engineer a plan that will give you a legitimate shot at accomplishing your goal. Be as detailed as possible, covering every step along the way.

Constantly build momentum.

Taking your idea from concept to fully executed is an uphill journey. You have to constantly build momentum and not stop. If you do, the energy and effort required to get back up to speed will be much greater than it would have been had you kept plugging away. Even if you are working on an idea in your spare time, away from your full-time job, a consistent two hours of work daily is far more beneficial than sporadic full days dedicated to your idea.

Anticipate obstacles.

Entrepreneurship isn’t all fairytales and unicorns, regardless of what you see in the media. Insane valuations, investors fighting to get a piece and bottomless funding are very rare. Shoestring budgets, bootstrapping and constant obstacles are the reality of pursuing your idea. When you go into it expecting — and being mentally prepared — to face obstacles, you stand a much better chance of successfully dealing with them.

Set micro-goals.

Even the most treacherous journey will appear to be do-able if you break it into smaller, easier-to-digest pieces. This is where setting micro-goals can play a very crucial role in bringing your idea to life. It will not only help you make steady progress, but the satisfaction you feel when you accomplish any goal, even a micro one, will give you the motivation and fire inside to push toward the next one.


With an Entrepreneur mindset like yours, take a look at this list of books that will help you and your business succeed!

Read more from the original source here:

http://www.entrepreneur.com/article/269869

 

Cutting These 6 Words From Your Vocab Will Make You Sound Smarter

If your looking to impress, it is crucial to watch what you say as our words are capable of more damage than we may think. Words can often times become habitual and we forget the original context of the word which can sometimes make us look dumber than we are… Watch the video below to find out the 6 words you should eliminate to sound smarter:

Top Cities To Retire In & Still Maintain Your Edge

If you’re thinking about retiring, you should also think about relocating to one of these hip cities.  Whether your into the outdoors, art or waterfront properties, these cities will nurture your account as well as feed your hunger to dive into those hobbies and keep your edge!

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This southwestern Utah town features hundreds of miles of trails for biking and hiking, and Mt. Zion National Park is a few miles away. St. George also remains affordable compared to more well-known retirement destinations such as Palm Springs and Tucson. The median home price here is $195,000.

 

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At the junction of the Yakima and Columbia rivers, Richland is a haven for kayaking, fishing, and boating, For bikers, the 23-mile long Sacagawea Trail winds along the banks of the Columbia while hikers flock to Badger Mountain Centennial Preserve. Washington has no state income tax. The median home price: in Richland is $203,350.

 

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Original Source: http://time.com/money/3914804/best-places-to-retire-2015/

Take Notes: How Bill Gates Invests in the Future…

If you wish to see how a successful business man invests in the future, look no further! In the video below you will see 9 companies Bill Gates has invested in, hopeful his impact will positively effect the future through these sustainable and high tech companies:

 

Proven Tips To Make Saving Easier For You

We all want to make more money and there are various ways to get there, but we can’t forget the importance of saving. As it can be daunting and unpleasant thought, saving is well worth the effort! Below are a few tips that should make that unpleasant stash away seem a little brighter:

Stuff your savings account — one debit card swipe at a time.

Apps like Digit and Qapital automatically put aside savings for you in different ways:

Qapital’s approach is pretty straightforward: It tacks a little cash onto your everyday transactions — like that morning does of caffeine — and puts it away for you in an account. Picked up a 75-cent pack of gum? It’ll round the transaction to a full dollar and put that sweet, sweet quarter away for a rainy day.

For folks who aren’t fans of rounded up, there’s Digit. After signing up, it looks at your spending patterns over a period of time to see how much it could put away without you noticing. This might be a more comfortable technique for people with inconsistent incomes, like freelancers or small-business owners.

 

Dip your toe into the investment pool.

I dunno about you, but the idea of investing makes my head hurt. I sometimes have to breathe into a paper bag when I make my 401k selections. I’m told it’s a big decision, but I don’t know what the best selection is. WHAT IF I CHOOSE THE WRONG COMPANIES FOR MY PORTFOLIO?!

Apps like Acorns make the process a lot less scary, and it’s a huge hit. It takes your spare change when you want (daily, weekly, or monthly) and invests it into startup companies. Then you sit back and watch your investment account grow. The simple approach has been really attractive to young folk: So far, it’s helped millennials save $25 million and counting.

 

Track your spending.

Have you ever gone to the ATM only to find your account overdrawn? And you seriously wonder “where in the world did all my money go?!” Services like Mint and Wave break it down for you by tracking your accounts and categorizing your purchases. If you’re really in the mood for an automated killjoy, you can get email alerts when it notices you’re spending more than usual — Thanks, Mint. I do know I spent more on clothes this month. Wait … that’s how much of my income? Now I know why they say “Ignorance is bliss” — or get texts to remind you when that bill due date is coming up.

 

Make a budget.

The thought of making a budget can be daunting because it probably seems so complicated. There are some old-school ways like filling out a Google spreadsheet (there are several great free templates available). Or if you live on the Internet like me, you can try an app called You Need a Budget. It offers a hard-to-ignore way to look at your finances and spending habits in one fell swoop. A spreadsheet would take longer because you have to look up everything and enter it yourself while YNAB is automated after analyzing your spending habits and bills.

You can also stick with the money tracker Mint, which offers to help you establish a goal based on your spending history (or hopeful future) and gives you regular email updates about whether you’re overspending in some areas..


 

Original Source:

http://www.upworthy.com/folks-aiming-to-up-their-money-game-should-check-out-these-9-easy-ways-to-save?c=tpstream

Start This Habit in The New Year to be a Millionaire by 65…

Next time you’re considering running to Starbucks each day before work, you might want to think again… The chart below exemplifies just how far a few dollars a day can take you. And by far, I mean millionaire by 65! This is the perfect habit to get into for the new year coming up, and a goal that is definitely worth pursuing:


To illustrate the simplicity of building wealth over time, financial advisor, David Bach, created a chart (which was re-created below by Business Insider) detailing how much money you need to set aside each day, month, or year in order to have $1 million saved by the time you’re 65.

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The chart assumes you’re starting with zero dollars invested. It also assumes a 12% annual return.

 


original source: http://www.businessinsider.com/build-a-million-dollar-retirement-account-2015-7

3 Holiday Traveling Hacks You Need This Season…

Let’s face it, the holiday’s can be stressful enough… yet alone adding travel on top of that. In the midst of going through security, high airline prices, and remembering what you can and can’t bring on a plane, it’s easy to loose sight of the Joy holiday’s are supposed to bring. That’s why I’ve brought you 3 Joy-saving hacks so you can grab your travel by the horns, take off, and enjoy the holiday:

 

Book Your Tickets…Incognito

By which we mean an incognito browser. See, many airline and travel websites use cookies to track how many times you’ve visited and then alter their prices accordingly (meaning, they jack ’em up). To make sure you’re getting the best deal, use Google Chrome Incognito. In the top right corner of your browser window, click on the drop-down menu and select “New Incognito Window.” A new window will open automatically and you’ll be safe to book your tickets with no preconceived pricing.

 

Breeze Through Security (And Email)

If you haven’t done so already, sign up for TSA PreCheck ($85 for five years), which will expedite you through security in more than 150 U.S. airports. Want the same speedy access to Wi-Fi? A Boingo subscription (from $5 a month) keeps you online at more than 30 domestic airports (and more than 1 million hot spots around the globe). Tip: American Express Platinum cardholders are eligible for free accounts.

 

Wrap Wisely

© nito103

© nito103

Did you know the TSA has the authority to open gift-wrapped packages, even ones in your checked luggage (eye roll)? In other words, do not travel with wrapped presents. Instead, either ship your gifts to your destination or pack them up unwrapped and prettify upon arrival.

 

 

 

 

 

 


 

Read more: Holiday Travel Hacks 

 

3 Ways To Get The Most Out of Your Money

We’ve all know the common saying, “make your money work for you”… but what isn’t so common is knowing exactly how to implement this financial suggestion… Below are 3 tips from  Sean Gould, a wealth strategist with Waddell and Associates and a certified financial planner to give you a taste of how you can get the most out of your money:

Open a high-yield savings account.

Gould explains that before sending your money off to do the heavy lifting, you’ll want to have an emergency savings account of about six months of living expenses stored in cash.

A smart place to keep it is in an FDIC-insured high-yield checking or savings account, where it can generate more value as it waits.

A typical savings account offers an interest rate around 0.01%, and a typical checking account is the digital equivalent of putting your money under the mattress. However, high-yield checking and saving offer interest rates that exceed 1% — 100 times what you’d get otherwise.

These accounts are usually available at online banks, which keep costs down by forgoing brick and mortar locations. NerdWallet provides comprehensive lists of high-yield checking and high-yield savings.

 

Choose credit cards with rewards you’ll actually use.

Using a credit card might not feel like putting your money to work, but choosing a card with rewards appropriate for your lifestyle (read: airline miles cards aren’t great for people uninterested in travel) means each dollar you spend on your cards is doing double duty.

“As a financial planner, we don’t like debt, but if you have the cash flow and predictability in your budget and you can pay off your bill every month, there are great credit cards out there,” says Gould. (See some of the best credit cards for every lifestyle.)

If you have credit card debt, this strategy isn’t for you — the key to making your money work with your cards is being able to pay off your bill in full every month.

 

Invest in real estate.

If recent history has taught us anything, it’s that housing isn’t a guaranteed investment. That said, if you have the available cash and risk tolerance, however, investing in residential or commercial real estate may be a possibility.

Investing in real estate is two-pronged: You could consider buying a single home to live in to be an investment, or you could invest beyond your home, into land to sell or stores or homes to rent. Branching out beyond your own home “depends on your market and the appetite for rental real estate,” Gould says. “In most markets, if you can handle the headaches and there’s room, it’s an option.”

But in the spirit of diversifying your assets, Gould says to bear in mind that many homeowners already find real estate to be the largest asset in their portfolio, and cautions would-be real estate investors to be wary of weighting their portfolios too heavily toward one kind of asset

 

Original Source: http://www.businessinsider.com/how-to-make-your-money-work-for-you-2015-12?utm_content=buffer1a128&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

 

What Americans Actually Spend Money On for Christmas

It’s easy to get caught up in the whirlwind of this Season’s festivities; work parties, gifts for all, decorations for the house, etc. and lose track of your spending, and a lot of times we look back on it all and wonder just where exactly our money even went?   

 

In a note to clients, a Macquarie Research team led by Laurent Vasilescu shared a chart showing the breakdown of holiday expenditures.

A November survey by Gallup found that US adults are planning on spending about $830 on average on Christmas gifts this year — a huge jump from last year’s $720 average.

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original source: http://www.businessinsider.com/what-americans-actually-spend-money-on-during-christmas-2015-12