Tips

Life Triangle – Work, Life, and Salary – it is your job to balance it

In the connect world today everyone looks so busy to in connecting these three dots called Work, Life, and Salary. To have a good life you need good salary and for getting the good salary you need to have a good job, which demands loads of time at work. If you spend loads of time at work, then where is time for life? Are you in a similar situation? Are you still running every day to connect these three dots? Not able to balance? Confused?

Don’t worry you are not only one with this problem, most of us get into this problem. The main reason is we focus on one goal and forget other. The mantra to achieve balance is knowing you. Pause the run of the life for some time and do deep thinking on what makes you happy? Absolutely there is no one answer.  Once you know the key to your happiness, you can prioritize the three dots to get the right balance.

If you don’t achieve the right balance it will lead to poor work-life balance which results in stress, unhappiness, and even reduced productivity. Here is a quick tip for achieving happiness by creating the right balance.

  • Spend time to understand yourself: pause your busy life sometimes and write answers for the key question of life Who I am? Do I know myself? What makes me happy? who I want to be?. Keep scribbling until you land on the stable and self-convincing answer. Remember there is no right or wrong answer, every answer is right until you are convinced.
  • Priorities the key goals of life: Once you know who you are and what makes you happy, you will understand pathway for happiness? What is your number one priority in life?
  • If you can’t track you can’t progress: As now you have understood where you need to be, it is equally important to get the correct measurement of where you are today. Start measuring the time you spend on different aspects of life. If you can’t measure you can’t improve. This is not your exam result, so no pass or fail, measure genuinely
  • Analyze and reschedule your days: Now you understand where you spend more time, start planning your day and assign more time to activity in the path of your balanced life. Nothing changes in one day, have discipline and dedication.
  • Have personal time: have some time blocked for yourself. Spending time with yourself is most important. Keep revisiting your goals and reprioritizing tasks. Remember no multi-tasking during your personal time.
  • Influencers: Understanding yourself and measuring yourself will let you understand key influencers.
    • Example less sleep leads to less productivity and more stress. Less productivity means more time you spend in the office. This cyclic process leads to poor performance and fewer chances of promotions or higher salary.
    • Health, as everyone says health is wealth, poor health leads to poor performance and poor work-life balance.
  • Social life is important: Build good friends circle, family relationships and dedicate time for your social life. You need to draw energy from society, end of the day you live in society, positive circle creates positive energy.

Finally, it is your life; you live the way it makes you happy. Never forget it is all about Life balance.

Graphic: A Visual Guide to Matching Suits and Dress Shoes

Check out the chart below which is a helpful guide for men who want to know how to classify their wardrobe and how to dress for different situations from casual to formal.

A Visual Guide to Matching Suits and Dress Shoes

The chart compares and contrasts suits and shoes, arranging them into outfits that are suitable for formal wear, casual wear, and outfits for spring/summer, tropical or autumn wear. In addition, the guide lists events at which each outfit could be worn. Black, Charcoal and Grey suits, for example seem to be the most versatile suits as they can be worn to most any occasion. Suits that fit in the grey, navy or dark brown category are mostly considered to be useful at night events.

How Do You Make Money on Stocks

Hypothetically say you are new to stocks and you ask yourself “how do you make money on stocks?” You might also go how do you make money on them? Is it from cashing out of them? How much money can you make? There is a lot of different question you may have.

how do you make money on stocks

Let’s make an easy scenario the local pizza store (Pizza Town) needs money to expand, but Pizza Town doesn’t want to take a loan, so instead they have has an IPO (Initial public offering). They issue one hundred shares of stock. The entire business becomes valued at $1,000, so each share of stock is worth $10. If you buy one share of PT (The ticker symbol for Pizza Town).

A few months later, Pizza Town’s expansion is doing great, and Pizza Town is now valued at $2,000. The denominator (the total shares outstanding, 100) hasn’t changed, but the numerator has (the total value of the company has moved from $1,000 to $2,000). Your fraction (1% as represented by your one share) of Pizza Town is now worth $20. You can either hold on to it and wager that Pizza Town will continue to grow the business and increase profits, or you can sell it and take a 100% return.

As for how much money you can make, it’s limitless. Your stock can continue to raise in price/value for ever or it could drop and become worthless. Most everything about stocks is timing.

The 46 Best Ways to Save Money

Check out the below list of the 46 best ways to save money.

Best tips on saving money

1. Open a saving account and actually save money in it. Start small just $20 a month but slowly up that to $100 a month to make a nice rainy day fund.

2. Don’t waste money on things you don’t need. Always wait a day before making a big purchase and sleep on it. If you come across an expensive item that you want, write up a report about why you want it, how it will impact your life, etc. Act like you are asking your boss to buy an expensive piece of equipment or something. Then file the report away to be reviewed in a weeks time. After the week is up, re-read the report with the mindset that someone else is asking to borrow money for that reason. If it passes this review, then begin to allocate funds from future paychecks toward it, which could take weeks. By the time all is said and done, if you do buy it, you definitely won’t regret it.

3. Don’t invest in penny stocks or cheap cryptocurrency. They are cheap for a reason and can lose value at any time for no reason.

4. Look at a compound interest tables. Think of it as giving your future self money at a huge discount.

5. Cook your own meals, don’t eat out.

6. Couponing. Clipping coupons works and the savings add up. Just $5 saved a week is $260 a year in extra money.

7. Recycle beer bottles and other cans. If you recycle 20 cans a week that is $1 a week in extra none or $52 a year extra.

8. This is a little risky but try buying limited edition products (games, consoles) and sell when they are sold out. Some fans are hell set on products and will pay a lot for them. Just watch out for the next beanie babies.

9. Print double-sided. Easy way to make your paper last twice as long.

10. Use recycled paper for scrap. When you are done with a sheet save it to write notes on — no need to do anything else.

11. Use old newspapers/ads for food waste (bones, inedible foods).

12. Use three toilet paper tiles and fold it in half to get thickness of six tiles. It feels just like Charmin.

13. When toothpaste/lotion tube is nearly done, cut it open to get everything out,

14. Go to random public events for free pens, post-it notes, and candy.

15. Always check payphones, vending machines (and surrounding area) for left over coins.

16. Use shopping bags as garbage bags.

17. Seal windows with tape or something to prevent heat loss in the winter time.

18. Freeze bread immediately and toast when you need it to prevent mold and early spoilage,

19. Charge your cell phone, tablet, handheld device at work/school,

20. Use credit card with cash-back option and don’t use debit for purchasing. Most cash back programs give you 1% at least back a year plus you are building your credit score.

21. Disassemble old hard drives and take out the magnets for whatever.

22. Exercise without getting gym memberships. Running is great here and you can do it for most of the year.

23. Cancel cable and watch your shows online for free.

24. Cut phone service and get VoIP, find independent service providers and not the mainstream providers.

25. Use your old toothbrushes to scrubbing stuff.

26. Water down juices to get a little more to drink (90% juice, 10% water). Same taste and you save yourself 10% a year.

27. Do your own taxes. Turbotax or similar online programs are only $30 a year and take minimal time to do.

28. Take office supplies from work/school.

29. Ask for bandages/gauze at the doctors.

30. Replace all incandescent light bulbs with CFLs.

31. Flush your toilet only once a day. As they say “If it’s yellow let it mellow, if it’s brown flush it down.”

32. Register all your products, games, electronics, etc. They usually send you promotions for sales, or extended warranty.

33. Sign up for demos and free trails, they might give you a gift on the side, and you can send back the product without the gift. For any of these use a fake email address so they don’t spam your main account.

34. Register for memberships that ask for your birthday, they usually give you free stuff on your birthday, like bagels, coffee, popcorn, etc. Some restaurants let you eat free if you eat with a group of people, just need to show ID. Again always use a fake email address.

35. If you have a kid and need something to do bring them to McDonald’s and ask for the treat of the week. It’s usually cookies or a ruler. If you can, get yourself napkins and salt/pepper/vinegar/ketchup/mayonnaise packages while there.

36. Use the free Wifi at Starbucks and other restaurants if you don’t have internet at home.

37. Buy the generic “no name brand” alternative where possible, including medicine.

38. Keep all receipts for tax purposes, or for surveys that can win you prizes or a discount the next time you visit. Both Dunkin Doughnuts and McDonalds have surveys on most of their receipts which give you free food as a return.

39. If you have “dead” batteries, you can probably use them to power a clock for at least a week. Throw “dead” batteries in the freezer for a few hours, they might work for another hour or so.

40. Save power by setting computer to Power Saving mode instead of Balanced/High Performance, set screen to power off after 5 minutes or whatever, set hard drive to sleep after 5 minutes or whatever, turn down monitor brightness as much as you can. This probably won’t help much but depending on your setup could save you a couple of dollars a month and prolong your monitors life.

41. Borrow books from libraries or view them on Google Books (or download them somewhere), read books at your local bookstore and leave without buying it, and of course don’t buy bookmarks, use something like a receipt or something.

42. Shop at early morning or late at night to save time waiting in line or avoid crowds.

43. Hand wash your clothes and air-dry them. This will save you money and lower your electricity bill.

44. Never borrow money to buy something. If you want something save up to buy it first.

45. Never buy junk food. It is bad for health, has no nutritional value, and is often over priced especially if brand name.

46. Save as much as you can. And you can always save more. Go ahead right now and up your 401k contribution by another percentage point. You won’t even notice the difference in your paycheck but you will see the growth in your retirement account.

Six Money Saving Tips from Warren Buffett

Check out the graphic below with six of the best money saving tips from Warren Buffett.

6 Money Saving Tips from Warren Buffet
Image via Knowlarity

On earnings: “Never depend on single income. Make investment to create a second source.”

On spending: “If you buy things you do not need, soon you will have to sell things you need.”

On savings: “Do not save what is left after spending, but spend what is left after saving.”

On taking risks
: “Never test the depth of a river with both feet.”

On investment: “Do not put all your eggs in one basket.”

On expectation: “Honesty is a very expensive gift. Do not expect it from cheap people.”