jobs http://www.wisebread.com/taxonomy/term/1488/all en-US 8 Ways to Turn Your Stress Into Money http://www.wisebread.com/8-ways-to-turn-your-stress-into-money <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-ways-to-turn-your-stress-into-money" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_73912007_LARGE.jpg" alt="turning stress into money" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Are you prone to stress and anxiety? Do you believe it's holding you back from being successful in your career and making money? It doesn't have to be this way. In fact, when your <a href="http://www.wisebread.com/beat-stress-with-these-28-inexpensive-pastimes">stress and anxiety are properly managed</a>, there may be ways to turn them into positive things for you financially &mdash; like extra cash!</p> <p>Let's take a look at these ways you can turn stress into financial freedom.</p> <h2>1. Channel Your Stress Into Hard Work</h2> <p>Employers don't want their employees to be stressed out, but they do want people who care. So if you have a little bit of anxiety about your work, that could be a good thing. If you can find a healthy way to channel that stress into being productive and conscientious, it will pay off in the workplace. The chemical produced by stress can, at certain levels, actually enhance alertness, memory, and attention.</p> <p>Many managers even say that giving workers a small amount of anxiety can help them perform better overall.</p> <p>&quot;Without anxiety, little would be accomplished,&quot; David Barlow, founder of the <a href="http://www.fastcompany.com/3025488/how-to-be-a-success-at-everything/relax-being-anxious-makes-you-a-good-leader">Center for Anxiety and Related Disorders</a> at Boston University, told <em>Fast Company. </em></p> <h2>2. Turn Your Stress Into Excitement</h2> <p>Stress can be debilitating. But excitement can help you reach new heights. There's a fine line between stress and excitement, but researchers say you can often find ways to frame stress in a positive way. In her paper, &quot;Get Excited: Reappraising Pre-Performance Anxiety as Excitement,&quot; Alison Woods Brooks of Harvard Business School <a href="https://www.apa.org/pubs/journals/releases/xge-a0035325.pdf">argues that you can perform better</a> in a situation simply by repeatedly telling yourself, &quot;I am excited.&quot; And the more you do it, the more it helps.</p> <p>&quot;Highly skilled individuals may be more likely to say &lsquo;I am excited&rsquo; before they tackle challenging tasks. In this way, emotional self-statements could operate in an upward spiral process in which successful individuals are more likely to express excitement, and saying &lsquo;I am excited&rsquo; then improves subsequent performance,&quot; Brooks writes.</p> <h2>3. Get a Side Hustle or Second Job</h2> <p>For many people, stressful and anxious thoughts come during downtime. It's hard to worry about things when you're busy at work, and the stressful thoughts may only come when your brain has a chance to think. If this sounds like you, maybe a second job will help you stay busy and keep your mind from wandering into Stress Town. And if you're the type of person who gets stressed about never seeming to have enough money, a second job may be what you need. It doesn't have to be another full-time job. Maybe you can take up freelance writing or design, or a craft. Anything to stay busy, keep your mind off your troubles, and make a little extra money in the process.</p> <h2>4. Become a Good Leader</h2> <p>In his book, <a href="http://amzn.to/29I0g4t">My Age of Anxiety</a>, writer Scott Stossel argues that being anxious can be helpful to people in leadership roles. He said anxious people are more likely to be tuned into other people's emotions and social cues.</p> <p>In their book, <a href="http://amzn.to/29Whaep">Wiser</a><em>, </em>researchers Cass Sunstein and Reid Hastie argue that groups can make the best decisions when they are led by an anxious and detail-oriented person. So who knows? Maybe your stress is your ticket to becoming CEO.</p> <h2>5. Save and Invest Like Crazy</h2> <p>If you are prone to anxiety, you worry about the future. That means you're probably good at preparing yourself financially for the days ahead. You may have cash set aside for every conceivable emergency, and are aggressive about saving for retirement because you stress about running out of cash as you age.</p> <p>If this sounds like you, you're probably in great shape financially and may even become quite wealthy as your investments and savings grow over time.</p> <h2>6. Become a Pet Sitter</h2> <p>If you suffer from anxiety or high stress, there's a lot of evidence suggesting that time with a pet can help you. Studies show that pets can provide the kind of unconditional love that would benefit those with mental health conditions, and may even improve social interactions.</p> <p>Pets can often be creatures of routine, demanding to be walked and fed at certain times. Being forced into that kind of routine may also be helpful to those with stress and and anxiety.</p> <p>What's more, if you <a href="http://www.wisebread.com/how-to-make-400-a-week-as-a-pet-sitter">make money by walking pets</a>, you'll be getting some exercise, which is also beneficial when battling stress.</p> <h2>7. Channel It Into Something Creative</h2> <p>Perhaps you've found that your stress goes away when you play the guitar, or paint, or make pottery. Maybe you feel better when you act or dance. You may think of these activities as mere outlets for your stress, but they can be moneymakers. Make some music and join a band. Sell your artwork. Join a theatre company. Take that stress and go make some dough.</p> <h2>8. Blog About Your Stress</h2> <p>About <a href="http://www.nimh.nih.gov/health/statistics/prevalence/any-anxiety-disorder-among-adults.shtml">40 million adults in the United States</a> suffer from some sort of anxiety disorder, according to the National Institutes of Mental Health. That's a huge potential audience of people who may be looking to get advice, or simply connect with those who are going through similar challenges. Finding ways to write about your stress and anxiety may be therapeutic for you, and if the blog takes off, you can earn a little bit of cash in the process.</p> <p><em>What other ways can you channel stress into money? Share with us!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/8-ways-to-turn-your-stress-into-money">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/can-you-really-make-a-living-as-an-ebook-writer">Can You Really Make a Living as an Ebook Writer?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/17-part-time-jobs-to-do-while-your-kids-are-at-school">17 Part-Time Jobs to Do While Your Kids Are at School</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-68-best-ways-to-make-money-that-are-actually-fun">Flashback Friday: 68 Best Ways to Make Money That Are Actually Fun</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-great-side-jobs-for-introverts">10 Great Side Jobs for Introverts</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-side-jobs-for-people-who-are-good-with-money">6 Side Jobs for People Who Are Good With Money</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building Extra Income anxiety earnings extra income jobs part-time job side hustle side jobs stress stress relief workplace Wed, 20 Jul 2016 09:00:07 +0000 Tim Lemke 1755547 at http://www.wisebread.com Can You Really Make a Living as an Ebook Writer? http://www.wisebread.com/can-you-really-make-a-living-as-an-ebook-writer <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/can-you-really-make-a-living-as-an-ebook-writer" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_writing_book_83658901.jpg" alt="Woman making a living as an ebook writer" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Ebooks have made self-publishing more accessible than ever. As recently as the 1990s, self-publishing meant paying to have thousands of physical books printed; a 1999 CNNMoney article pegged the cost at $12,000 to $30,000.</p> <p>Now that the majority of books sold are electronic, you can self-publish for much less &mdash; even for free. But does that mean you have a better chance now at making money on that self-published book than you did when expenses were higher?</p> <p>That all depends on how you go about it, and how lucky you are. Let's break down the process.</p> <h2>Where to Publish</h2> <p>The three main online stores that sell ebooks are Amazon's Kindle Store, Barnes &amp; Noble's Nook Store, and Apple's iBookstore. A few books are sold on other marketplaces as well, such as the Kobo US bookstore and GooglePlay Books. Authors can also sell their books directly to consumers on their own websites.</p> <p>Since <a href="http://authorearnings.com/report/october-2015-apple-bn-kobo-and-google-a-look-at-the-rest-of-the-ebook-market/">74% of all ebooks are sold on Amazon</a>, it's often the first or only place new authors think of to sell their work. And there are a lot of <a href="http://www.magnoliamedianetwork.com/sell-your-ebook-on-amazon/">benefits to selling on Amazon</a>. Kindle books are easy to buy, and the publishing process is straightforward. On the flip side, there are so many books selling on Amazon, including those from unknown new authors (like you), that it can be hard to stand out from the crowd. Amazon demands that you <a href="http://selfpublishingadvice.org/alli-watchdog-amazon-vs-apple/">exclusively sell your book</a> through them if you want to take advantage of many benefits, such as the Kindle Lending Library and Kindle Unlimited. (Keep in mind that Amazon pays authors when people check out their books; one ebook author said the Lending Library accounted for <a href="http://upfuel.com/how-much-money-can-one-kindle-book-make-1-year-case-study/">10% of his revenue</a>.) The biggest disadvantage of selling with Amazon, for many, is that they just don't like the way Amazon treats its authors.</p> <p>Apple's iBookstore is gaining market share, and as you would expect from Apple, books published on this platform look beautiful. But while Kindle books can be downloaded onto just about any device, readers can only access iBooks on an Apple device such as an iPad or an iPhone, which limits the market.</p> <p>Nook seems to be getting squeezed out by the big two ebook stores, and should probably only be considered as a secondary place to publish. The bottom line is that you may sell more books on Amazon, but some authors don't feel like that's a good enough reason to publish there.</p> <p>&quot;I may not sell as many books with Apple &mdash; yet &mdash; but it's a whole lot more fun working with them,&quot; writes author Giacomo Giammatteo.</p> <p>No matter which platform you choose, you stand to make about $2 a book if you sell your ebook for $2.99 &mdash; which is a popular price point.</p> <h2>How to Publish</h2> <p>Once you've decided where to sell your ebook, you're not done making decisions. You must decide whether to create and upload your ebook all on your own, or to pay an epublishing service or distributor to do it for you. The top services include <a href="https://www.bookbaby.com/">BookBaby</a>, <a href="https://www.smashwords.com/">Smashwords</a>, and <a href="http://www.ingramspark.com/">IngramSpark</a>. For fees of $149 or more, these services can format your book and upload it to multiple different ebook stores. You can pay more for value-added services, such as editing, cover design, and even print-on-demand paper books.</p> <p>You can also hire editing and design professionals independently for these services.</p> <h2>What to Publish</h2> <p>What your ebook is about all depends on your goals. If your motive is purely profit, there are methods of figuring out which topics are most likely to sell books. An anonymous author, who claims to be making tens of thousands of dollars a month publishing short ebooks (about 20 pages), describes his <a href="http://thehustle.co/underground-world-of-kindle-ebooks">process for choosing topics</a> on The Hustle: &quot;I find books that are selling well, check out their tables of contents, and look at the negative reviews to see what they missed.&quot;</p> <p>It may be disheartening for a hardworking writer to hear, but this successful entrepreneur says that sales are driven mainly by the cover image and the book description: &quot;[T]he book's content is the least important part of the process.&quot;</p> <p>If your motive is more to get a great idea or story out into the world, rather than just cranking out any title that will sell, you should still do your research before you sit down and start writing. If you have a blog, poll your readers on what topics they'd most like to see expanded upon in a book. If your book is in a genre or niche, such as a cookbook, study the top-selling, well-reviewed ebooks in that niche and try to figure out what you could add that hasn't already been done well. Fiction authors can also benefit by looking at already published novels in their category, to figure out both how to avoid writing books that have been done to death &mdash; and to find out what types of novels are hot right now.</p> <h2>How to Make It Sell</h2> <p>Once upon a time, writers just turned in their manuscripts to publishers and left the advertising and promotion to the company. But even authors with book contracts nowadays find themselves doing their own advertising and promotion. <em>Before</em> you publish your book, consider the investment of hiring a publicist to let media know about your upcoming release. If you're publicizing it yourself, write about your upcoming book on your blog, and ask other bloggers to write about it as well. You can also create a new blog just about the new book or about its topic, in order to drive traffic to your book.</p> <p>Don't forget good old-fashioned advertising. Mark Dawson, who says he makes six figures selling his novels on Kindle Direct, pays $370 a day to advertise it on Facebook, according to Forbes.</p> <h2>Will You Make Money?</h2> <p>Of about 200,000 authors selling ebooks on Amazon, only about 5,000 &mdash; less than 3% &mdash; consistently earn $10,000 a year or better, according to the website Author Earnings. More than half of those are traditionally-published authors. So, only around 1% of all the people self-publishing ebooks are making much money on it.</p> <p>That's not to say you can't. One approach for ending up with more money in your pocket is to keep your investment low, so that even if sales are modest, you still keep some profit. To save themselves from investing too much time, some ebook authors suggest <a href="http://www.fabfreelancewriting.com/blog/2013/06/25/writing-kindle-ficion-make-money-with-short-stories/">keeping books short</a> &mdash; since people are about as likely to pay for a 20-page book or short story as they are for a full-length novel. Others minimize their time investment by outsourcing the cover art (<a href="http://thehustle.co/underground-world-of-kindle-ebooks">this guy gets all his covers designed on Fiverr</a>) or even the content.</p> <p>Again, it's all about your goals. If your dream is to delight readers with your imaginative novel or win a literary award, you're not going to dash out an outline and hire a low-cost overseas writer to flesh it out. But if your goal is to develop a passive income stream by pumping out 50 titles a year, outsourcing is probably your best option.</p> <p>In the end, the answer is that you can make a living self-publishing ebooks, but like a lot of business ventures, most people who try it don't cash in. If you decide to enter self-publishing as a moneymaking venture, make sure to research the market first and put in the time to create a product that's optimized to sell.</p> <p><em>Have you tried selling an ebook online? What was your experience like? Share with us!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/carrie-kirby">Carrie Kirby</a> of <a href="http://www.wisebread.com/can-you-really-make-a-living-as-an-ebook-writer">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-turn-your-stress-into-money">8 Ways to Turn Your Stress Into Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-easiest-ways-to-score-free-ebooks">5 Easiest Ways to Score Free eBooks</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/17-part-time-jobs-to-do-while-your-kids-are-at-school">17 Part-Time Jobs to Do While Your Kids Are at School</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-things-i-learned-about-money-after-i-went-freelance">7 Things I Learned About Money After I Went Freelance</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-job-perks-that-can-lead-to-a-dream-career">6 Job Perks That Can Lead to a Dream Career</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building Extra Income author books bookworm ebook author eBooks freelancer jobs novelist professional writer side hustle writer Fri, 01 Jul 2016 10:30:04 +0000 Carrie Kirby 1742406 at http://www.wisebread.com 3 Reasons You Are More Than Your Job http://www.wisebread.com/3-reasons-you-are-more-than-your-job <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/3-reasons-you-are-more-than-your-job" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_time_out_73913133.jpg" alt="Woman learning reasons she is more than her job" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>In a society where work means everything, retirement can sometimes lead to depression. Many Americans say they can't wait to retire, but the reality is that among men especially, <a href="http://www.thinkadvisor.com/2014/06/30/the-secret-sadness-of-retired-men">retirement can mean loss</a> &mdash; of identity, values, and more. When a retired person can't attach that identity to something else, he or she needs to find an outlet like gardening, traveling, or the like. Unfortunately, sometimes that feeling doesn't translate.</p> <p>That's why you should make sure that your identity isn't wrapped up in your work, no matter what stage you're at in your career. Don't let it define you, because when it's over, you'll feel lost, and like you don't belong anywhere. You see this played out a lot in sitcoms, when women let the men they're dating determine their identity. It's similar. You want to find your identity and then go after <a href="http://www.wisebread.com/my-2016-budget-challenge-does-taking-a-regular-day-job-mean-giving-up">what you're passionate about professionally</a>, not the other way around. It's hard when you're a fresh college graduate and you aren't sure what your future holds.</p> <p>But there is hope. Here are a few reasons that you should not let your job determine your identity. Just let it be a small part of what fulfills you.</p> <h2>You Have Other Interests</h2> <p>While you should always take pride in your work, you shouldn't let it determine how you feel about your life. The most important parts of your life are the things you love. Whether it be your friends or family or traveling or food, find a passion in something rewarding, but not necessarily financially feasible. You have to find something else that gets you out of bed every morning. And if what you're most passionate about does get you out of bed every morning, make sure you have a balanced life after work.</p> <h2>It Can Always Come to an End</h2> <p>You will never realize that your life is your job until you lose it. When you lose your friends, your after-work activities, and your lunchtime connections, it becomes harder to regain your composure and self-worth. Make time to have hobbies outside of work &mdash; volunteer, play sports, find a church, synagogue, or mosque &mdash; whatever might connect you with others. That way if something does happen, you have a support system to fall back on.</p> <h2>You Have to Put Yourself First</h2> <p>When the company you work for gets mixed up in something or is blamed for something and it hits the press, people think of you. And sometimes if you go to bat for the company, you are entangled in whatever is happening. This has happened to me before, especially when I worked with people who were litigious. Make sure you don't let how people feel about the place you work translate to how they feel about you. Business is just that, and you need to protect yourself, above all else.</p> <p>All of this is hard to stomach because, as Americans, we spend most of our lives thinking about what we want to be when we grow up, what we would rather be doing when we finally do grow up, and how we wish we had done one thing or another after we retire. Live life now, while you still can. Travel, read, and experience new adventures. Don't let your 9-to-5 take over your life, just let it fund your life.</p> <p><em>How do you determine your identity?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/jennifer-holder">Jennifer Holder</a> of <a href="http://www.wisebread.com/3-reasons-you-are-more-than-your-job">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-frugal-ways-to-reduce-workplace-stress">10 Frugal Ways to Reduce Workplace Stress</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-turn-your-stress-into-money">8 Ways to Turn Your Stress Into Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-warning-signs-that-it-is-not-the-job-for-you">6 Warning Signs that It Is Not the Job for You</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/find-work-worth-doing">Find work worth doing</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-ways-youre-being-a-terrible-employee">12 Ways You&#039;re Being a Terrible Employee</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income anxiety career depression job hunting job stress jobs sadness stress stress relief work Mon, 27 Jun 2016 10:00:08 +0000 Jennifer Holder 1738700 at http://www.wisebread.com Here's How the Election Could Impact Your Wallet http://www.wisebread.com/heres-how-the-election-could-impact-your-wallet <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/heres-how-the-election-could-impact-your-wallet" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/voter_pins_money_72870711.jpg" alt="Learning how the election will impact your wallet" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>It's Clinton versus Trump, and the topic is money &mdash; because, more than anything else, that's what's on the minds of American voters. All told, 44% of Americans say the economy is their <a href="http://i2.cdn.turner.com/cnn/2015/images/07/26/72715cnnorc.pdf?iid=EL">top campaign issue</a>. Read on for our roundup of how either candidate's presidency would impact your dollars and cents.</p> <h2>Donald Trump</h2> <p>First up, the presumptive Republican nominee and his ideas about taxes, wages, and more.</p> <h3>Taxes</h3> <p>Trump proposes a systemwide overhaul of the U.S. tax code aimed at simplifying it to the point where it would &quot;<a href="http://money.cnn.com/2015/08/11/news/companies/donald-trump-hr-block-tax-code/">put H&amp;R Block right out of business</a>.&quot; In addition to his pledge to make the tax filing process more intuitive for Americans, Trump has also said that he believes the wealthiest Americans should <a href="http://www.ctpost.com/news/article/Trump-close-hedge-fund-tax-loophole-6511995.php">pay higher taxes</a>.</p> <p>&quot;If you make $200 million a year and you pay 10%, you're paying very little relatively to somebody that's making $50,000 a year and has to hire H&amp;R Block because it's so complicated,&quot; Trump said during a Republican presidential debate last year. &quot;I know people that are making a tremendous amount of money and paying virtually no taxes, and I think it's unfair.&quot;</p> <p>Under Trump's plan, federal income taxes would be eliminated for Americans who earn less than $25,000 and married couples that earn less than $50,000.</p> <p>Corporations and the wealthy would pay a decreased corporate tax rate (15% rather than the current 35% rate). The highest income tax rate would drop down to 25% from 39.6%.</p> <p>Despite these cuts, Trump has said that his plan would ultimately raise taxes on the wealthy. That would be achieved, he said, through proposed measures such as the elimination of a hedge fund tax loophole and a one-time 10% tax on money brought back into the U.S. by corporations currently holding funds overseas.</p> <h3>Jobs</h3> <p>Trump has vowed to grow the economy, namely by bringing back jobs he says the U.S. has lost to countries including Japan, China, and Mexico. Tariffs on foreign goods and negotiating better trade deals are the two main ways Trump has said he would accomplish this goal.</p> <p>When it comes to bringing home foreign jobs, Trump has specifically criticized Apple's China-based manufacturing. If elected, he has said he would force the tech company to &quot;start building their damn computers and things in this country instead of in other countries.&quot;</p> <p>As a billionaire real estate developer, Trump has already directly <a href="http://money.cnn.com/2015/09/03/news/economy/donald-trump-jobs-created/">created about 34,000 jobs</a>, according to an analysis by CNNMoney.</p> <h3>Minimum Wage</h3> <p>Reversing a previous position, Trump has said he would <a href="http://money.cnn.com/2016/05/05/news/economy/candidates-minimum-wage/">raise the federal minimum wage</a> from its current rate of $7.25 an hour. He has not, however, revealed by how much.</p> <h3>Social Security</h3> <p>Trump pledges to <a href="http://fortune.com/2016/03/15/primary-elections-ohio-florida/">leave Social Security</a> &quot;the way it is,&quot; a position that has been called impractical by analysts. The reserve fund will be depleted soon after 2030, upon which, if the law is not changed, monthly benefits will have to be slashed by 21%, experts say. There is one change that he would make, however. Trump has said he would raise the age at which Americans are eligible to begin receiving Social Security benefits to 70. Trump has said that he would not support cutting benefits to those who already receive them.</p> <h3>Health Insurance</h3> <p>Trump has said that he would <a href="http://www.cnn.com/2016/03/02/politics/donald-trump-health-care-plan/">ax the Affordable Care Act</a>, also known as Obamacare, and replace it with his own medical care reform system, the details of which are fuzzy. Trump's plan would, however, allow the sale of health insurance across state borders and make health insurance premium payments for individuals fully tax deductible.</p> <h2>Hillary Clinton</h2> <p>Secretary Clinton's plans differ from Mr. Trump's, of course, especially in the areas of taxes and health care.</p> <h3>Taxes</h3> <p>Clinton's economic plan aims to <a href="http://www.nytimes.com/2015/07/14/us/politics/hillary-clinton-offers-her-vision-of-a-fairness-economy-to-close-the-income-gap.html">close the wealth gap</a>, in part by raising taxes for the rich while encouraging the private sector to raise middle-class wages. Specifically, she has said she would close corporate loopholes, including those used by hedge funders to avoid paying millions in income taxes, in an attempt to reign in Wall Street.</p> <p>&quot;We must raise incomes for hardworking Americans so they can afford a middle-class life,&quot; she said at a campaign event last year where she debuted her economic recovery strategy. &quot;That will be my mission from the first day I'm president to the last.&quot;</p> <p>Under Clinton's plan, low and middle-class Americans would pay lower taxes &mdash; just how much lower, she hasn't yet revealed. Meanwhile, wealthy Americans would pay more.</p> <p>Analysts estimate that Clinton's plan would, on average, raise taxes for the top 1% of Americans by <a href="http://money.cnn.com/2016/03/03/pf/taxes/hillary-clinton-taxes/">more than $78,000</a>, reducing their after-tax income by 5%. Individuals with adjusted gross incomes topping $1 million would pay a minimum of 30% of their income in taxes.</p> <p>Experts say that while lower and middle-income Americans would pay less, most won't pay very much less.</p> <p>Overall, Clinton's plan is closer to the status quo than the plans proposed by Trump or any other major candidate.</p> <h3>Jobs</h3> <p>Clinton's plan for job growth includes measures that would incentivize corporations to invest in employees. It would also eliminate tax benefits to companies that outsource jobs to foreign countries. Companies that move their headquarters overseas would be hit with an exit tax.</p> <p>&quot;I'm not interested in condemning whole categories of businesses or the entire private sector,&quot; she has said. &quot;But I do want to send a clear message to every boardroom and every executive suite: If you desert America, you'll pay a price.&quot;</p> <p>Clinton has also pledged to expand overtime benefits and promote equal pay for women while also advancing fair scheduling, paid leave, and earned sick days.</p> <h3>Minimum Wage</h3> <p>Clinton has said she supports a <a href="http://www.slate.com/blogs/moneybox/2016/04/18/hillary_clinton_explains_her_position_on_a_15_minimum_wage.html">federal minimum wage increase</a> to $15 from the current rate of $7.25 an hour. She has also said that she supports a $12 federal minimum wage, with the caveat that states should feel encouraged to go higher, especially in cities and suburbs with high living costs. It's unclear which proposal she prefers.</p> <h3>Social Security</h3> <p>To preserve the quickly depleting Social Security reserve fund, Clinton's plan calls on the rich to contribute more via income tax. She opposes any benefits cuts and has said she would not raise the retirement age. Clinton has also said that she would expand Social Security to groups she says are <a href="https://www.hillaryclinton.com/issues/social-security-and-medicare/">treated unfairly by the system</a>, including widows and caretakers who have taken time off from work for the benefit of children, aging parents, or ailing family members.</p> <h3>Health Insurance</h3> <p>Clinton has embraced the Affordable Care Act, also known as Obamacare, while acknowledging that there are improvements she would like to make to the current system. Namely, she has said that she would like to <a href="http://www.latimes.com/business/hiltzik/la-fi-mh-hillary-clinton-reveals-her-plan-obamacare-20160223-column.html">add a public option</a>, make health coverage accessible to even more people &mdash; including undocumented immigrants &mdash; and cut its cost.</p> <p><em>Will the candidates' positions on bread and butter issues affect your choice this fall?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/brittany-lyte">Brittany Lyte</a> of <a href="http://www.wisebread.com/heres-how-the-election-could-impact-your-wallet">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/bushs-economic-stimulus-package-what-will-you-get-back">Bush&#039;s economic stimulus package; What will you get back?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-social-security-just-a-grand-ponzi-scheme">Is Social Security Just A Grand Ponzi Scheme?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-financial-moves-you-will-always-regret">9 Financial Moves You Will Always Regret</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-financial-reasons-to-keep-your-political-views-private">4 Financial Reasons to Keep Your Political Views Private</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/18-little-things-that-make-and-keep-america-great">18 Little Things That Make — and Keep — America Great</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance 2016 election donald trump Economy hillary clinton jobs minimum wage presidential election social security taxes united states Mon, 27 Jun 2016 09:30:25 +0000 Brittany Lyte 1738698 at http://www.wisebread.com 10 Things Your Boss Wishes You Knew http://www.wisebread.com/10-things-your-boss-wishes-you-knew <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/10-things-your-boss-wishes-you-knew" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000068400791_Large.jpg" alt="your boss wishes you knew these things" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Most of us have a boss. It would be great to know what was really going on inside his or her head, but sadly, the technology doesn't yet exist. However, after talking to bosses from my past jobs, I have discovered 10 commonalities that they would like you to know. Follow this advice, and you could give a well-earned boost to your career.</p> <h2>1. A Positive Attitude Is Really Important</h2> <p>Bosses don't expect their employees to be perfect shining rays of light, and happy every second of every day. In fact, that may actually get very irritating, or give the impression that you just don't care. However, being difficult, constantly complaining, nay-saying, gossiping, and generally being a grumpy curmudgeon is not going to be tolerated for long, regardless of the skills you have. Some people may say &quot;His attitude stinks, but his work is incredible,&quot; and while that may be true, it won't keep that guy employed forever.</p> <p>What's at stake here is greater than one person. Team morale suffers, the boss has to give more grease to the squeaky wheel, and it becomes more of a hassle than the employee is worth. Less talented, but more positive, individuals will outlast highly skilled killjoys.</p> <h2>2. Take the Initiative More Often</h2> <p>A good employee will do what is asked of him or her in a timely manner, and they'll do it well. A great employee won't wait to be asked, and will instead initiate the projects or create new ways to drive business. A boss has a lot of work to do, and when an employee steps up with a solution to a problem, rather than being asked to look into it, it's an absolute delight to a boss. It shows you care about the job, and the company, and are thinking about ways to improve it on your own time.</p> <p>If you have ideas that you think would improve business, do not be afraid to take 10 minutes out of the <a href="http://www.wisebread.com/6-skills-that-helped-your-boss-get-ahead">boss's schedule</a> to discuss them. Even if the idea isn't feasible, you will get props for the effort.</p> <h2>3. The Boss Is Not the Enemy</h2> <p>It's something regularly portrayed on TV and in the movies. The boss is the one everyone else can't stand. It's the boss who stops the fun, who demands you work late, or come in early, and it's the boss who has to deliver bad news. Well, the boss doesn't relish doing any of those things. There is so much going on behind the scenes that employees don't, and shouldn't, know about. From revenue issues, to staffing, and even stock prices &mdash; the boss has much more to deal with than you'd think, and it's hard work.</p> <p>But at the end of the day, the boss wants the company to do well, and therefore, wants you to do well. You won't always agree with the decisions, but that doesn't mean they were made to annoy you, or keep you from succeeding. And remember, many times your boss has a boss, who also has a boss. This all trickles down.</p> <h2>4. Asking for Help Is Not a Sign of Weakness</h2> <p>There's a great <em>Seinfeld</em> episode called &quot;The Bottle Deposit&quot; which features George being given a very important task to do. The boss thinks George has followed him into the bathroom, and briefs him there. When George comes in at the end, he's missed the entire briefing, but his boss thinks he's heard it all. The simple solution is to approach the boss and say, &quot;I actually didn't hear that. Could you please brief me on it again?&quot; But that wouldn't be funny in a sitcom.</p> <p>In real life, however, asking for help, or clarification, is a perfectly normal and accepted part of the job. In fact, by asking for help, you're showing that you care enough about the project to make sure it gets done correctly. Now, if you ask for help constantly, and cannot grasp the notion of the project after three or four explanations, that's not so good. You also don't want to be seen as offloading all your projects onto other people. But in general, if you have a question, ask it. Your boss will be happy to give you the best answer they can.</p> <h2>5. Promotions Have to Be Earned</h2> <p>You may have been at the company five years, and never had a promotion. And yet, someone down the hall has had two promotions in just four years. This isn't fair, right? Well, most of the time, it is. True, sometimes there is favoritism involved, and in those cases, there is very little you can do about it. Bosses promote their friends, it's a fact of life.</p> <p>However, most of the time, those promotions were earned by a go-getter who showed initiative and really went the extra mile. In fact, a promotion is usually given to someone who has been doing that job for months, or even years. Show that you can do it, and you'll get it&hellip; and the raise.</p> <h2>6. You Can't Expect Special Treatment</h2> <p>You may make the boss laugh more than anyone else. You may go golfing with him or her on a weekend. You may even be related. But you cannot expect that to have an impact on your job. You shouldn't expect a raise because you bring the boss homemade cookies every week. You shouldn't expect to work special hours, or telecommute, just because you're charming. Remember, if the boss lets you have something, then pretty soon everyone on the staff will hear about it, and want the same. Now, if you do something that earns you special treatment, like working overtime for three weeks without pay, then that's different. In that instance, it's fine to ask for some free time off to recuperate.</p> <h2>7. Don't Bring Problems Without Solutions</h2> <p>The boss has to know about problems. However, simply telling the boss something is wrong, without offering any kind of assistance or solution, is just lazy. If you don't have the expertise to address the problem, talk to someone who does, and find out what can be done to address that problem. Do it in a timely manner, and then bring both the problem and possible solutions to the boss. Now, you have not made his or her day worse by being the bearer of bad news. Instead, you have flagged a problem, but offered a fix. This is more appreciated by a boss than you could know, and it will be reflected in your next review. You are proactive, and that's something worth rewarding; either with more responsibility, and/or a promotion.</p> <h2>8. Criticism Is Not Personal</h2> <p>It seems that as the years go by, employees get more and more sensitive to criticism of any kind. Perhaps the entitlement culture is to blame, and parents who shelter their children all the way to adulthood. But whatever the reason, a boss should be able to critique your work and your ideas without you feeling attacked or hurt.</p> <p>Constructive criticism is how we all learn to grow in our roles, and advance in our careers. Some industries, such as advertising and marketing, cannot survive without tough feedback. Creative people have to learn to grow a thick skin, as they are told all 10 concepts for a pitch are awful. But the same should apply across the board. Whatever industry you're in, a critique of your work is not an attack on you as a person, and you should not take it personally. Brush it off, and learn from it.</p> <h2>9. Think Beyond Your Own Role</h2> <p>It's very easy to work in a silo, and focus on your own tasks and responsibilities. But a great employee will consider the whole business, not just one department or project. For instance, asking for an injection of capital to fund a project can have all kinds of implications. It's possible that money is tied up in another project or initiative, and that would have to be cut to fund your project. Is your project best for the company as a whole? Are you using funds in the best possible way? Some people treat the company's money like Monopoly money, spending because it's easy. However, if you spend the company's money as if it were your own, you'd find ways to save, or make better deals.</p> <h2>10. You Don't Have to Agree With Everything</h2> <p>Good bosses hire people who are ready to challenge the status quo &mdash; <em>if</em> they bring better ideas to the table, and go about it in a respectful way. There is absolutely nothing wrong with having the dissenting opinion, and your boss will actually think more of you for bringing up the topic. Someone who says yes to every single idea their boss has is not only seen as irritating, but also lazy. It takes work, and bravery, to speak up about an idea that's different. But it also shows you're thinking, and most importantly, that you care. While a boss has every right to shoot down those ideas, or overrule you, they are not going to think negatively of you if you show genuine passion for a different idea. Of course, saying no to every idea, that's a whole different story.</p> <p><em>Are you a boss? What do you wish your employees knew? Share with us!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/10-things-your-boss-wishes-you-knew">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/whats-an-employee-to-do-part-2">What&#039;s an employee to do? Part 2</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-depressing-jobs-that-arent-worth-the-money">10 Depressing Jobs That Aren&#039;t Worth the Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-great-retirement-jobs">6 Great Retirement Jobs</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-to-job-hunt-without-getting-caught">9 Ways to Job Hunt Without Getting Caught</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-4-jobs-people-quit-the-most">The 4 Jobs People Quit the Most</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income boss career building employer job etiquette jobs office politics wishes you knew Wed, 01 Jun 2016 10:00:06 +0000 Paul Michael 1721380 at http://www.wisebread.com Flashback Friday: 68 Best Ways to Make Money That Are Actually Fun http://www.wisebread.com/flashback-friday-68-best-ways-to-make-money-that-are-actually-fun <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/flashback-friday-68-best-ways-to-make-money-that-are-actually-fun" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_outside_photographer_000025506033.jpg" alt="Woman making money and actually having fun" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Most people rarely have fun during their workday. And that's because you're there to work, not play. But with the gig economy going full steam ahead, folks young and old are finding ways to make money by doing things they enjoy. Besides, if you thoroughly enjoy your work, it won't feel like work. You'll be more interested in taking on similar projects, and you'll make more money as a result. You might even get to a point where you can turn your fun side job into a full-time career. Not bad, right?</p> <p>Here are 68 coolest ways to make extra money that won't feel like work at all.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/woman_working_from_home_000025337892.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/22-websites-that-will-pay-you-to-write-for-them?ref=fbf">22 Websites That Will Pay You to Write for Them</a> &mdash; If you spend your free time writing stories and poetry, why not make a little money at it? Tons of websites and brands are looking for digital content creators, and these 22 sites are a fantastic place to start.</p> <p><a href="http://www.wisebread.com/6-great-side-jobs-for-book-lovers?ref=fbf">6 Great Side Jobs for Book Lovers</a> &mdash; If you prefer the company of books to people, these side gigs are perfect for you. That's right, your love of literature will help you bring home the bucks! Not bad, right?</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/iStock_000057673262_Large.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/12-great-side-jobs-for-outdoorsy-types?ref=fbf">12 Great Side Jobs for Outdoorsy Types</a> &mdash; Being trapped inside behind a desk sounds like a nightmare, yes? Well, there's no need to be stuck indoors all day when you could be making extra cash while spending your days in the great outdoors.</p> <p><a href="http://www.wisebread.com/get-paid-to-watch-your-favorite-tv-show-live?ref=fbf">Get Paid to Watch Your Favorite TV Show Live</a> &mdash; Yep, that's right. You can actually make money by watching TV. Being paid to be an audience member at a live show in cash, prizes, and free food isn't a bad way to earn a buck. And it certainly won't feel like work.</p> <p><a href="http://www.wisebread.com/20-places-besides-etsy-to-sell-your-handmade-goods?ref=fbf">20 Places Besides Etsy to Sell Your Handmade Goods</a> &mdash; If your hobbies include arts and crafts, you might want to consider selling them online. Your creative projects deserve more than to collect dust on a shelf. Sell them on etsy or any of these 20 sites and you might develop a booming little side hustle.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/iStock_000024530979_Large.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/how-to-make-400-a-week-as-a-pet-sitter?ref=fbf">How to Make $400+ a Week as a Pet Sitter</a> &mdash; Believe it or not, you can make a solid income from walking dogs, and hanging out at other people's homes with their pets. You will obviously need to care for their pets and keep things tidy, but it's not a bad way to earn extra money, especially if you're an animal lover.</p> <p><a href="http://www.wisebread.com/6-ways-to-make-extra-money-using-social-media?ref=fbf">6 Ways to Make Extra Money Using Social Media</a> &mdash; If you're a social media maven and have accrued a large mass of followers on your own, here are six brilliant ways to make some cash from your likes and shares. Becoming a brand ambassador or influencer can land you a load of free stuff and potentially a decent chunk of change. Cha-ching!</p> <p><em>What are some other fun side jobs? Share with us!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/chrissa-hardy">Chrissa Hardy</a> of <a href="http://www.wisebread.com/flashback-friday-68-best-ways-to-make-money-that-are-actually-fun">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-10"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-the-65-best-career-tips-weve-ever-shared">Flashback Friday: The 65 Best Career Tips We&#039;ve Ever Shared</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-turn-your-stress-into-money">8 Ways to Turn Your Stress Into Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-55-brilliant-ways-to-turn-your-junk-into-cash">Flashback Friday: 55 Brilliant Ways to Turn Your Junk Into Cash</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-smart-summer-side-jobs-for-new-grads">6 Smart Summer Side Jobs for New Grads</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-side-jobs-for-people-who-are-good-with-money">6 Side Jobs for People Who Are Good With Money</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income Job Hunting easy jobs extra income fbf flashback friday fun jobs job search jobs make money side hustles side jobs Fri, 13 May 2016 10:00:10 +0000 Chrissa Hardy 1708887 at http://www.wisebread.com Flashback Friday: 62 Ways Introverts Tend to Win at Life http://www.wisebread.com/flashback-friday-62-ways-introverts-tend-to-win-at-life <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/flashback-friday-62-ways-introverts-tend-to-win-at-life" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_happy_shy_000025959428.jpg" alt="Woman is an introvert and winning at life" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Who runs the world? Introverts. They just do it behind the scenes and out of the spotlight. We are living in an era when introverts are finally understood &mdash; and even celebrated. And let me tell you&hellip;. <em>it's about time</em>.</p> <p>Society has historically catered to extroverts, with their eager participation and sweat-free handshakes. But while the extroverts have been running around, seeking conversations with others and pulling energy from crowds, introverts have been off to the side, thinking, analyzing, and honing their skills internally. And just waiting for the cue to take over the world.</p> <p>Here are all the ways introverts emerge victorious.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/shy_woman_working_000068919647.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/6-reasons-introverts-make-the-best-employees?ref=fbf">6 Reasons Introverts Make the Best Employees</a> &mdash; Introverts don't understand, and therefore do not partake in office gossip or office politics. They don't speak up in meetings unless they have something extremely helpful to share. They also value honest, straightforward communication with their colleagues and are extremely loyal to the company they choose to keep. Why <em>wouldn't</em> you want an introvert (or several) on your team?</p> <p><a href="http://www.wisebread.com/10-great-side-jobs-for-introverts?ref=fbf">10 Great Side Jobs for Introverts</a> &mdash; Introverts love their quiet time, and have probably spent years developing skills and hobbies that would make excellent side jobs. As we move deeper into the digital age, wherein many jobs can be done from home, introverts will continue raking in the cash without disturbing their quiet environment.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/woman_camera_photo_000054266132.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/8-best-hobbies-for-introverts?ref=fbf">8 Best Hobbies for Introverts</a> &mdash; One of the best things about introverts, is that they're never, ever bored. Without the desire to have regular social interaction, they are free to dabble in many hobbies at once. And these are perfect for any introvert to try.</p> <p><a href="http://www.wisebread.com/the-10-best-high-paying-jobs-for-introverts?ref=fbf">The 10 Best High Paying Jobs for Introverts</a> &mdash; It might seem like the high rollers of the world are outspoken, charismatic celebrities &mdash; who cannot get enough of the spotlight. But introverts rely more on their brilliance and creativity to get ahead, and these jobs allow them to make just as much as your average successful extrovert.</p> <p><a href="http://www.wisebread.com/the-12-best-weekend-activities-for-introverts?ref=fbf">The 12 Best Weekend Activities for Introverts</a> &mdash; Another stellar skill that introverts possess: relaxation. So when Friday arrives, introverts tend to do weekends better than anyone. All they need is a cozy space and a good book and they will be set until Sunday.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/woman_reading_book_000061374724.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/9-reasons-alone-time-is-good-for-your-soul?ref=fbf">9 Reasons Alone Time Is Good For Your Soul</a> &mdash; Everyone could use a little more alone time. Time to decompress, and time to breathe. This has always been a staple of the introvert lifestyle. And those who make it a priority are ahead of the rest.</p> <p><a href="http://www.wisebread.com/7-everyday-situations-that-introverts-ace?ref=fbf">7 Everyday Situations That Introverts Ace</a> &mdash; A common misconception about introverts is that they're shy and hate talking to people. Not true. They just don't like a lot of external noise or distractions. So intimate gatherings and one-on-one discussions are just two everyday scenarios in which introverts shine bright like a diamond.</p> <p><em>Are you an introvert? Share all the ways you're winning at life. </em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/chrissa-hardy">Chrissa Hardy</a> of <a href="http://www.wisebread.com/flashback-friday-62-ways-introverts-tend-to-win-at-life">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-72-brilliant-ways-to-stretch-20">Flashback Friday: 72 Brilliant Ways to Stretch $20</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-51-easy-ways-to-live-a-happier-life">Flashback Friday: 51 Easy Ways to Live a Happier Life</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-55-brilliant-ways-to-turn-your-junk-into-cash">Flashback Friday: 55 Brilliant Ways to Turn Your Junk Into Cash</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-45-life-lessons-youd-give-to-your-younger-self">Flashback Friday: 45 Life Lessons You&#039;d Give to Your Younger Self</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-143-fun-and-frugal-ways-to-spend-your-weekend">Flashback Friday: 143 Fun and Frugal Ways to Spend Your Weekend</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Career and Income fbf flashback friday introversion introvert introverts jobs jobs for introverts personality traits social anxiety Fri, 06 May 2016 10:00:11 +0000 Chrissa Hardy 1704673 at http://www.wisebread.com You Don't Need a Retirement Plan — You Need a Financial Independence Plan http://www.wisebread.com/you-dont-need-a-retirement-plan-you-need-a-financial-independence-plan <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/you-dont-need-a-retirement-plan-you-need-a-financial-independence-plan" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/saving_retirement_fund_000088359337.jpg" alt="Learning the alternative to retirement" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>In the golden age of a &quot;job for life,&quot; and when defined benefit pensions were the standard, all you had to do was tough it out to hit the jackpot. A mere 40 years of employment, and you struck lucky in your golden years.</p> <p>Whether the idea of working in the same place for a lifetime fills you with nostalgia or horror, the reality is that those days are long gone.</p> <p>Without a steady employer doing the hard work for us, traditional notions of retirement planning do not work. The alternative, it seems, is the ostrich approach, with 48% of working age Americans saying they have never even tried to calculate the amount of savings they might need for a comfortable retirement. Ignorance might be bliss in the moment, but it's no genius long term plan. So what's the better option?</p> <h2>What Went Wrong With Retirement?</h2> <p>The Employee Benefit Research Institute (EBRI) found, in their 2016 survey measuring retirement confidence, that nearly one in five American workers (19%) were <a href="https://www.ebri.org/pdf/surveys/rcs/2016/PR1157.RCS.22Mar16.pdf">not at all confident</a> in their ability to finance a comfortable retirement. For these workers, options are limited &mdash; spend less now, work for longer, and be prepared to compromise more on the lifestyle they expect in later years. Not a happy picture.</p> <p>To add insult to injury, working longer is not actually a viable option for many of us. The EBRI reported a large gap between expectations and outcome, with a massive 37% of people saying they expect to work past the age of 65, compared to the more modest reality of only 15% of retirees in 2016 who were older than 65. This is often because options to continue working later in life become limited, with layoffs and declining physical health ending working lives without regard to the size of one's pension pot.</p> <p>So with working until you drop off the agenda, what can we do to improve the prospects of having a happy, and financially secure retirement?</p> <h2>Start Thinking Personal Financial Independence</h2> <p>Ironically, part of the solution might actually be to stop thinking about retirement, and replace that thought with one of &quot;personal financial independence.&quot;</p> <p>Retirement today has changed as much as working life has, meaning there is no longer a cookie cutter approach to retirement planning that can be relied upon. The answer instead is to get educated about your household finances, with a focus on achieving personal financial independence &mdash; for life, not just for your later years. Getting clued up about your money is the only way to do that.</p> <h2>Start Creating It</h2> <p>Pull your head out of the sand, and get a realistic grip on what savings you have &mdash; and what you will need to finance your retirement.</p> <h3>Do the Math</h3> <p>Work out what you will want to <a href="http://www.wisebread.com/how-much-can-you-afford-to-spend-in-retirement">spend in retirement</a>. Tools are out there to help, like this <a href="http://money.cnn.com/calculator/retirement/retirement-need/">retirement calculator</a>, which helps you calculate what you might need to save to achieve a desired financial return in future. If you don't have an idea of your goal, then planning is a whole lot more difficult.</p> <h3>Optimize What You Have</h3> <p>If you have money in 401K plans, then you're in a strong position already. But don't just assume that it's being managed in your best interests. <a href="http://americasbest401k.com/fee-checker/">Check out the fees</a>, which vary wildly and through a compounding effect can whittle away your savings at an alarming speed. Once you can safely withdraw from your 401K without incurring penalties, you will be able to choose to take a lump sum if you wish, to help you achieve the magic 4% number described below.</p> <h3>Understand the 4% Rule</h3> <p>A common premise of modern retirement planning calculations is the &quot;4% rule&quot; which assumes that you can live happily on the growth of a savings pot, without significantly denting the principle, so long as you withdraw no more than 4% per year. This principle, put forward by Bill Bengen in 1994, has <a href="http://www.forbes.com/sites/robertberger/2015/05/20/how-much-do-you-really-need-to-retire/#90464644939a">come under some scrutiny</a> due to our current turbulent times &mdash; but as a starting point is still considered a sound measure.</p> <p>Here's how it works.</p> <p>Start with the amount of money you think you will need to finance your retirement lifestyle. Multiply this by 25 to get the amount of savings you need to have to make that number a reality if the 4% rule is applied.</p> <p>Then sit down, because in all likelihood that number is going to be scary.</p> <p>If you calculated that you would like a household income of $40,000, then the sums say you need a pot of a cool million. How hard this really is to achieve depends on your current position. If you're just setting out and don't plan to retire for 40 years, you will need to save something like $640 a month (shared out among the earning members of the household &mdash; so half that if you're in a couple), assuming a <em>modest </em>5% return on your investment. If you plan to retire a lot sooner, or do not not have existing savings or 401K plans, this number might be more daunting.</p> <p>If the savings you need to achieve financial independence feel unrealistic, then it's time to start thinking of the levers you have to close the gap. Earn and save more, or plan to spend less, perhaps through lifestyle adjustments or by taking <a href="http://www.wisebread.com/5-incredible-places-to-retire-abroad-that-anyone-can-afford">advantage of geographic differences</a> in things like cost and quality of living. Or, plan to manage your retirement as a gradual wind down, continuing to be economically active after your usual retirement age, but in a flexible role. Considering these options now, rather than being pushed into them at the point you wish to quit working, is far more likely to have a happy ending.</p> <p>The new world of planning for later life brings with it more choices, but also more questions to mull over and decisions to make. Instead of facing these questions, too many of us are ignoring the issue. Experience shows that working longer (or windfalls, or a fairy godmother) is unlikely to be the answer. Getting clued up about your money <em>now</em> is the only way to give yourself a shot at the golden years you deserve.</p> <p><em>What do you think? What is the optimum way to plan for your retirement now?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/claire-millard">Claire Millard</a> of <a href="http://www.wisebread.com/you-dont-need-a-retirement-plan-you-need-a-financial-independence-plan">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/which-retirement-account-is-right-for-you">Which Retirement Account Is Right for You?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/one-smart-thing-you-can-do-for-your-retirement-today">One Smart Thing You Can Do for Your Retirement Today</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-transition-to-a-new-career-after-30">6 Ways to Transition to a New Career After 30</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-great-retirement-jobs">6 Great Retirement Jobs</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-dumb-ira-mistakes-even-smart-people-make">5 Dumb IRA Mistakes Even Smart People Make</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Retirement calculator careers financial independence jobs saving money working Mon, 25 Apr 2016 09:30:29 +0000 Claire Millard 1693265 at http://www.wisebread.com 6 Great Retirement Jobs http://www.wisebread.com/6-great-retirement-jobs <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-great-retirement-jobs" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000084253925_Large.jpg" alt="looking for a great job in retirement" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>With the cost of living always on the rise, retirees are looking for creative ways to supplement their incomes. And for those living on fixed incomes, finding part-time work can be tricky and sometimes challenging, because they cannot exceed the SSI annual earnings threshold of $15,720, and $41,880 for those in their first full year of retirement. But, if you're looking for ways to supplement your income, here are five great part-time retirement job ideas.</p> <h2>1. Local Tour Guide</h2> <p>The sharing economy is making all sorts of short-term side jobs available, and if you've got a lot of local knowledge, consider setting yourself up as a tour guide on a service like <a href="https://www.vayable.com/">Vayable</a>. Rates range from $50&ndash;$85 per person, per tour. If apps and computers are not your thing, check with local tour operators or local tourist attractions about picking up a shift or two. You'll put your wisdom and experience to work &mdash; and you'll meet lots of great people, besides.</p> <h2>2. Tutor or Teach</h2> <p>You don't need a background as a teacher in order to help others learn. If you're good at math, English, or any other subjects, consider tutoring or teaching part-time. You can set your own rates, and signing up with a tutoring website like <a href="http://www.varsitytutors.com/">VarsityTutors</a> will pair you with students. And there are so many opportunities to teach, because it goes beyond the classroom these days, as many people prefer the convenience of online courses.</p> <h2>3. Babysitter</h2> <p>Do you have an interest in working with kids? If so, it could be a valuable skill-set. Part-time babysitters can earn as much as $25 per hour, and they work on their own terms. Plus, if you already have experience working with kids, and a flexible schedule, you'll probably find lots of job opportunities.</p> <h2>4. Postpartum Doula</h2> <p>Jackie Prescott, founder of <a href="http://www.firstbumpthenbaby.com/">First Bump Then Baby</a>, says becoming a modern-day baby nurse is a great way for older women (and men!) to earn money, because it's essentially about mothering new mothers and helping new parents to quickly feel at ease.</p> <h2>5. Tax Preparer</h2> <p>Some people think of tax preparation services as a seasonal job, but the truth is, many self-employed individuals and businesses deal with tax issues year-round. If this is a skill-set that you possess, it can earn you a sizable penny. But, because it is so lucrative, be careful not to cross the annual earnings threshold if you're receiving SSI.</p> <h2>6. Become an Uber or Lyft Driver</h2> <p>The Uber and Lyft car sharing programs have grown to reach every city, and they're looking for drivers everywhere. Anyone with a valid driver's license and clean criminal record is eligible to become a driver. Drivers are of all ages and professional backgrounds. Many are stay-at-home moms and current and former professionals seeking a way to earn extra income. (See also: <a href="http://www.wisebread.com/how-to-earn-extra-money-driving-for-uber-or-lyft?ref=seealso">How to Earn Extra Money Driving for Uber or Lyft</a>)</p> <p><em>What are some other great side jobs for retirees? Share with us in the comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/qiana-chavaia">Qiana Chavaia</a> of <a href="http://www.wisebread.com/6-great-retirement-jobs">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-great-side-jobs-for-book-lovers">6 Great Side Jobs for Book Lovers</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-turn-your-stress-into-money">8 Ways to Turn Your Stress Into Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-to-make-an-extra-1000-this-summer">9 Ways to Make an Extra $1,000 This Summer</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/30-great-side-jobs">30 Great Side Jobs</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-68-best-ways-to-make-money-that-are-actually-fun">Flashback Friday: 68 Best Ways to Make Money That Are Actually Fun</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income Extra Income Retirement extra money jobs part-time jobs retirement jobs side jobs Fri, 22 Apr 2016 09:00:09 +0000 Qiana Chavaia 1695168 at http://www.wisebread.com 5 Lessons That Teach Your Kid to Be Their Own Boss http://www.wisebread.com/5-lessons-that-teach-your-kid-to-be-their-own-boss <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-lessons-that-teach-your-kid-to-be-their-own-boss" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/kids_lemonade_stand_000082855427.jpg" alt="Kids learning lessons that teach them to be their own boss" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Even if you don't want &mdash; or expect &mdash; your child to be in business for themselves, fostering an entrepreneurial spirit can be beneficial in many ways. Strong leadership skills and confidence can go a long way, no matter what career path your child ends up pursuing.</p> <h2>1. Teach Kids the Importance of Passion and Purpose</h2> <p>Ask your child what their wildest dreams are, and what they would do for the rest of their lives, even if it didn't make much money. The point is to see what they are passionate about. While not every passion of theirs will be profitable, it is important for them to pursue something they love so that they don't experience burn out later in life.</p> <p>Teach them to chase fulfillment rather than a filled wallet. For example, if they are really interested in being an EMT and helping people, but choose to pursue being a lawyer because it means more money, then they will feel unsatisfied with their lives no matter how much money they make.</p> <h2>2. Goal Setting Is a Must</h2> <p>Setting goals is more than just picking random resolutions in the beginning of the year. The act of goal setting is essential for developing discipline and giving a child the first taste of success.</p> <p>What kind of goals can your children have? Start with goals that center around what your children love and find interesting. For example, if your child loves to read or is on the soccer team, set slightly challenging goals that they will enjoy working at, such as reading two books in a week or scoring goals in consecutive games.</p> <p>As your children become more interested in goal setting, set goals for their weaker areas, such as getting an A or B on the next math test or keeping their room clean for a week. Your child will understand that continually setting goals helps shape them into the person they wish to be &mdash; and it can be fun. Goal setting can dramatically improve every area of an individual's life, so don't underestimate the importance of it.</p> <h2>3. Encourage Creative Thinking and Problem-Solving</h2> <p>When your child comes to you with a complaint or problem, encourage them to think outside the box on how to solve it. Maybe their problems include keeping their lunch warm or dealing with another kid who teases them at school. Brainstorm possible solutions to each problem, encouraging both logical and off-the-wall solutions.</p> <p>Some of the most successful people today are individuals that solved a problem with a unique or out-of-the-box idea.</p> <h2>4. It's Never Too Early to Teach Networking</h2> <p>Effective communication skills are essential for building up relationships. Kids naturally think and talk about themselves all of the time. Many adults have this same problem, too. The issue with this is that they miss opportunities to connect and learn from others. Encourage your children to ask others thought-provoking and non-invasive questions that others will love to answer. Have your children try these simple questions out on adult family members and family friends:</p> <ul> <li>What is your favorite thing about your job?<br /> &nbsp;</li> <li>What would you tell your x-year-old self (using your child's age)?<br /> &nbsp;</li> <li>What do you wish you learned in school if you could learn anything?</li> </ul> <p>These questions are meant to teach your children how to engage others in a thoughtful discussion, while practicing deeper listening skills. They might even learn something along the way. Sadly, most teens and young adults are well-versed in text messaging and social media, but cannot effectively network in person.</p> <h2>5. Get Hands-On Experience</h2> <p>While teaching goal setting and effective communication are essential, it is also important to jump into a small business to get hands-on experience. The business does not have to be the next greatest thing or one that is time-consuming. Try starting a weekend lawn service, pet walking service, or a mobile car washing business. Be sure to understand the child labor laws and income limits for your area before starting.</p> <p>The goal is to have your child to think about advertising, gaining clients, keeping clients, and working hard. While making a few bucks on the side will be a great incentive for your child, the real lessons come from doing. Even a failed business will teach your child or teen valuable lessons.</p> <p>Growing an entrepreneurial spirit in your child is a slow and steady process. Schools are so great at teaching children how to read and do complicated math equations, but when it comes to fostering an entrepreneurial spirit, many schools do not even touch on those valuable lessons. (See also: <a href="http://www.wisebread.com/7-places-teens-and-adults-can-learn-about-money?ref=seealso">7 Places Teens (And Adults) Can Learn About Money)</a></p> <p><em>How have you helped encourage an entrepreneurial and business-savvy spirit in your child or teen? </em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-eneriz">Ashley Eneriz</a> of <a href="http://www.wisebread.com/5-lessons-that-teach-your-kid-to-be-their-own-boss">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-reasons-frugal-families-love-boardgame-night">8 Reasons Frugal Families Love Boardgame Night</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-money-moves-to-make-as-soon-as-the-kids-move-out">7 Money Moves to Make as Soon as the Kids Move Out</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/best-kids-eat-free-restaurants">Best Kids Eat Free Restaurants</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-bad-money-habits-youre-teaching-your-kids">4 Bad Money Habits You&#039;re Teaching Your Kids</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-fun-games-that-teach-your-kids-about-money">6 Fun Games That Teach Your Kids About Money</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Entrepreneurship Family creative thinking entrepreneurial skills finding passion goal setting jobs kids lessons teens Tue, 12 Apr 2016 09:00:07 +0000 Ashley Eneriz 1687116 at http://www.wisebread.com Protect Future Earnings by Negotiating the Right Starting Salary http://www.wisebread.com/protect-future-earnings-by-negotiating-the-right-starting-salary <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/protect-future-earnings-by-negotiating-the-right-starting-salary" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000057902276_Large.jpg" alt="negotiating the right starting salary" title="" class="imagecache imagecache-250w" width="250" height="126" /></a> </div> </div> </div> <p>Money is how we all survive, and hopefully, also thrive. So it's no surprise that your starting salary can have a huge impact on your future salary and wellbeing. A small difference in pay now can mean a big difference later. Set yourself up for success down the road by getting a fair starting salary now.</p> <h2>A Small Increase Makes a Big Difference</h2> <p>Earning a little bit more now can mean a big difference in your future savings and accumulated income. Thanks to compound interest, investing or saving money earlier on will result in more gains later.</p> <p>Every year that we face inflation, each dollar you earn is worth less. That means your overall salary will be worth less every year that you don't receive a raise over the inflation rate. Starting with a higher salary can help provide a cushion from inflation and the risk of not receiving raises.</p> <h2>Effects on Future Salaries</h2> <p>Your starting salary now will serve as the foundation for your future salary. In fact, Forbes declared that your first starting salary is the most crucial of them all. Your starting salary now will become what you expect to be earning later.</p> <p>If you decide to start a job elsewhere, you can request a higher starting salary than you currently have. Your new employer will also want to know what your starting and ending salaries were at your last position to begin negotiations. If you had a high salary before, chances are you can expect to make that same amount at the new company (or more). They will also want to know about your previous raises, so having higher raises now can also mean a higher starting salary later.</p> <h2>Effects on Future Raises</h2> <p>Raises are never guaranteed, so starting at a higher salary can help protect you in the event that you don't receive a raise anytime soon. If you do receive a raise, they are often awarded on a percentage basis, so having a higher starting salary will result in a higher raise.</p> <p>For instance, if you accept a position at $40,000 and receive a 5% raise every year, you'll receive a $2,000 raise in the first year. If you had negotiated the starting salary to $45,000, your first-year raise would be $2,250. After 20 years, your salary will be $106,131.91 if you had accepted the initial $40,000 offer (with a 5% increase every year); it would be $119,398.40 if you had negotiated to $45,000 in the beginning. Just imagine what you could do with all the extra money.</p> <h2>Effects on Benefits</h2> <p>Benefits are often based on a percentage of your compensation. Starting with a higher salary means you will likely receive a better benefits package as well. For instance, if you have employer-sponsored retirement benefits, they will be investing more money into your future retirement if it is based on a percentage of your salary.</p> <h2>Negotiating Is Key</h2> <p>Your employer is likely going to negotiate your salary anyways, so it is better to start high. This way, even if they negotiate your pay downwards, you will still probably be happy. You may not get <em>exactly </em>what you ask for, so starting higher means that when the company negotiates lower, you will still make out well.</p> <p>The key to success is in finding the perfect negotiation amount. Go in equipped with the average pay in your field, your starting and ending salaries at your last position, and information on your raises over time. Make sure to sell yourself and your abilities so that you have greater negotiating power.</p> <p>It's also important that you choose the right timing to negotiate. The best time is during the final rounds of interviews after you've been offered the job, but before you sign any contracts. At this time, the employer will already be impressed and want to sign you on.</p> <p>Don't feel nervous about negotiating &mdash; your future employer is most likely expecting it. If you don't negotiate, you may be turning your back on money that was there for the taking. Remember, the worst thing they can say is &quot;no.&quot; (See also: <a href="http://www.wisebread.com/how-to-negotiate-higher-pay-at-your-next-new-job?ref=seealso">How to Negotiate Higher Pay at Your Next New Job</a>)</p> <h2>The Potential Risks</h2> <p>While there are a variety of benefits associated with having a higher salary, there are also a few potential risks. Having a higher salary than your colleagues can make you more vulnerable at layoff time. It can also make it more difficult for you to land a future job because they may consider you overqualified &mdash; or overcompensated. Unusual factors like your high school grades, previous employer references, and even your credit report can affect your starting salary, so the best thing you can do is prepare an impressive resume, ace your interviews, and go in prepared with the right information.</p> <p><em>Have you felt the effects of negotiating for a higher salary? Please share your thoughts in the comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/protect-future-earnings-by-negotiating-the-right-starting-salary">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-celebrities-with-shockingly-low-net-worths">6 Celebrities With Shockingly Low Net Worths</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-certifications-that-add-big-to-your-salary">7 Certifications That Add Big $$ to Your Salary</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-you-underpaid-how-to-figure-out-what-salary-you-deserve">Are You Underpaid? How to Figure Out What Salary You Deserve</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/seven-tips-for-the-newly-unemployed">Seven Tips for the Newly Unemployed</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/five-j-o-b-s-that-aren-t-that-b-a-d">Five J.O.B.’s That Aren’t That B.A.D.</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income income jobs making money money negotiating salary salary negotiation starting salary Mon, 11 Apr 2016 09:00:05 +0000 Andrea Cannon 1687441 at http://www.wisebread.com 6 Great Side Jobs for Book Lovers http://www.wisebread.com/6-great-side-jobs-for-book-lovers <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-great-side-jobs-for-book-lovers" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000053753692_Large.jpg" alt="looking for a perfect job for a book lover" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Bookworms and knowledge seekers, rejoice! You can make money off your insatiable thirst for a good story. No matter your day job, there are lots of ways to earn a little extra side cash by capitalizing on the very things you like to do in your free time &mdash; namely, reading. Here are several side gigs that are made for cash-strapped book lovers. (See also: <a href="http://www.wisebread.com/17-cool-jobs-for-book-lovers?ref=seealso">17 Cool Jobs for Book Lovers</a>)</p> <h2>1. Blogger</h2> <p>Bloggers are a dime a dozen these days. But talented bloggers are actually quite valuable. If you have the foresight and the skill to make sense of life's little intricacies, or the daily happenings in the news &mdash; and if you can write about it with gusto, ease, and good grammar &mdash; there's a special place for you in the bookmarks bar of countless people perusing the Internet.</p> <p>Further, if you have something smart and interesting to say, and you're not going to just regurgitate what's already been said, then you can make it. And these very qualities will help you attract a following. That's the hardest part of cracking into the blogosphere business. But once you've cultivated a following with your stellar content, there are several ways to go about <a href="http://www.wisebread.com/5-easy-ways-to-make-extra-money-blogging">making a few extra cents</a>. From ads and affiliate links, to product reviews and targeted social media promotion, you'll be on your way to supplementing your income in no time.</p> <h2>2. Museum Tour Guide</h2> <p>A part-time tour guide gig at your local museum might just be the perfect way to earn an extra chunk of cash while bridging the gap between modern life and the world in your favorite history books.</p> <h2>3. Bookstore Clerk</h2> <p>A <a href="http://www.wisebread.com/11-great-apps-for-book-lovers">sincere love of literature</a> will land you an interview, at the very least, for a job at your local bookstore. If you're up for the challenge of helping customers find a literary adventure that suits their specific interests, and if you think you'd actually enjoy it, then the part-time bookstore clerk gig is made for you. Bonus: A coveted discount on books and other merchandise is a staple perk of the job.</p> <h2>4. Copy Editor</h2> <p>Grammar enthusiasts and punctuation snobs make for astute copy editors. And they're among the first to truly appreciate how important this job of proofreading for spelling, grammar, and content truly is. If you've any doubts, pick up a copy of any local newspaper that has done away with the position due to budgetary restraints. Quite often, copy editor-less content is painfully comical due to spelling and grammar mistakes. Newsletters, newspapers, books, and internal business communications are just a few examples of the kind of copy that needs editing. Look for advertised gigs or advertise your services directly to the folks who run these sort of operations.</p> <h2>5. Writer</h2> <p>To the esteemed reader, writing might feel like a 360-degree role reversal. But if every great writer is a dedicated reader, the saying probably rings just as true for readers who dabble in writing, right? News stories, book reviews, advertising copy, guest blog posts, corporate newsletter content, poetry, short stories &mdash; the options for the for-profit freelance writer are endless.</p> <h2>6. Translator</h2> <p>If you are fluent in a language, especially one that's somewhat obscure, you can earn extra income online by seeking out translator jobs. Translatorgigs.com, Fivver, and Freelancer.com are great places to begin your search for gigs.</p> <p><em>What other jobs would be perfect for bookworms? Share with us in the comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/brittany-lyte">Brittany Lyte</a> of <a href="http://www.wisebread.com/6-great-side-jobs-for-book-lovers">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-great-retirement-jobs">6 Great Retirement Jobs</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-turn-your-stress-into-money">8 Ways to Turn Your Stress Into Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/can-you-really-make-a-living-as-an-ebook-writer">Can You Really Make a Living as an Ebook Writer?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/30-great-side-jobs">30 Great Side Jobs</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/3-reasons-you-are-more-than-your-job">3 Reasons You Are More Than Your Job</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Entertainment Extra Income book lovers bookworm career job hunting jobs part-time jobs side jobs Mon, 04 Apr 2016 09:30:30 +0000 Brittany Lyte 1683389 at http://www.wisebread.com Flashback Friday: The 65 Best Career Tips We've Ever Shared http://www.wisebread.com/flashback-friday-the-65-best-career-tips-weve-ever-shared <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/flashback-friday-the-65-best-career-tips-weve-ever-shared" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_glasses_work_000075592811.jpg" alt="Woman learning best career tips ever shared" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Your first job will probably not be your dream job. In fact, you might not land your ideal professional role until your fourth, fifth, or sixth job. Crafting a fulfilling career takes time, and hopefully your peers and mentors are sharing their wisdom with you along the way.</p> <p>But just in case that wisdom is hard to come by, and you need some additional assistance in your path to success, we've got some brilliant job search tips right here.</p> <p>Here are the 65 best career tips we've ever shared.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/000050916338.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/how-to-answer-23-of-the-most-common-interview-questions">How to Answer 23 of the Most Common Interview Questions</a> &mdash; Answering any question during a job interview can be stressful experience. There's so much pressure to nail every answer that's it's easy to flub a response. Well, not anymore. This will help you nail all interview questions, and hopefully, get the job.</p> <p><a href="http://www.wisebread.com/6-extreme-job-interview-tactics-that-worked">6 Extreme Job Interview Tactics That Worked</a> &mdash; Sometimes the path to the stop requires standing out in a crowd. These unique interview tactics may seem extreme, but amazingly, they worked!</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/iStock_000071991467_Large.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/7-career-tips-you-wish-you-could-give-your-younger-self">7 Career Tips You Wish You Could Give Your Younger Self</a> &mdash; Hindsight is always 20/20, right? Well, what would you tell your younger self about how to be professionally fulfilled? There might be some handy advice in there for you now, too.</p> <p><a href="http://www.wisebread.com/6-ways-to-transition-to-a-new-career-after-30">6 Ways to Transition to a New Career After 30</a> &mdash; Starting over in a new field is not easy, especially once you're past your 20s &mdash; when life is generally more flexible and suited to career changes. These tips will help you transition at any age.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/guy_fired_000052937386.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/fired-heres-how-to-keep-it-from-hurting-your-career">Fired? Here's How to Keep It From Hurting Your Career</a> &mdash; It happens to the best of us. Don't worry, losing your job doesn't mean your entire professional world has imploded. Pick yourself up, dust yourself off, and read this.</p> <p><a href="http://www.wisebread.com/10-things-you-should-never-do-during-a-job-interview">10 Things You Should Never Do During a Job Interview</a> &mdash; There are certain topics that should not be discussed and certain things you should never ever do during an interview. Know the rules before you go.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/iStock_000068043419_Large.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/11-signs-the-job-is-too-good-to-be-true">11 Signs the Job Is Too Good to Be True</a> &mdash; Don't fall for the job scam. There are plenty of jobs out there that are too good to be true, and here are all the telltale signs.</p> <p><a href="http://www.wisebread.com/the-best-times-of-year-to-start-a-job-search">The Best Times of Year to Start a Job Search</a> &mdash; Certain seasons are just better for job hunting. If you've got a job now, but would like to make a change in the near future, try to search when the time is right.</p> <p><em>What other career tips have you learned along the way? Share your wisdom with us!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/chrissa-hardy">Chrissa Hardy</a> of <a href="http://www.wisebread.com/flashback-friday-the-65-best-career-tips-weve-ever-shared">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-68-best-ways-to-make-money-that-are-actually-fun">Flashback Friday: 68 Best Ways to Make Money That Are Actually Fun</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/make-guerrilla-job-hunting-work-for-you">Make Guerrilla Job Hunting Work for You</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-answer-23-of-the-most-common-interview-questions">How to Answer 23 of the Most Common Interview Questions</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/escape-your-dying-industry-with-one-of-these-8-careers-instead">Escape Your Dying Industry With One of These 8 Careers, Instead</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-to-job-hunt-without-getting-caught">9 Ways to Job Hunt Without Getting Caught</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building Job Hunting career fbf flashback friday Job Interview job search jobs resume Fri, 11 Mar 2016 11:00:15 +0000 Chrissa Hardy 1670661 at http://www.wisebread.com 11 Financial Moves to Make the Moment You Get Fired http://www.wisebread.com/11-financial-moves-to-make-the-moment-you-get-fired <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/11-financial-moves-to-make-the-moment-you-get-fired" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000077659843_Large.jpg" alt="she needs to make these money moves after getting fired" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Just about everyone goes through a job loss at some point in their lives. Hopefully, any job loss you endure will only result in a short time out of work, and minimal financial hardship. But even if you expect your time between jobs to be short, there are a number of things you should do right away to ensure you can make it through a stretch of time with no income.</p> <p>As someone who endured two layoffs in the past, I can tell you that these steps will help keep you afloat until you <a href="http://www.wisebread.com/10-money-moves-to-make-after-a-promotion">land a new position</a>.</p> <h2>1. Determine if You Are Eligible for Severance and Vacation Pay</h2> <p>If you've been let go from a job, employers will often provide severance pay based on the length of time you worked there. You may also be paid for any unused vacation time. The company should explain your eligibility for these funds upon your termination, but if not, make a point to check with the human resources department. In some cases, you may have to engage an attorney to fight for what you believe you are owed.</p> <p>Companies generally aren't required to offer severance at all, but there are instances when you may feel you are due money for uncompensated overtime or other reasons. Just keep in mind that benefits may vary depending on if you were fired for cause or laid off through no fault of your own.</p> <h2>2. Assess Your Emergency Fund</h2> <p>Now is the time when your savings will come in handy. If you've followed the advice of many personal finance experts, you have at least three months of expenses available in liquid savings. But now is the time to assess precisely how much you have and what your expenses actually are. With proper savings and cuts to your spending, you should hopefully be able to pay your bills until you get back to work.</p> <h2>3. Reduce Unnecessary Expenses</h2> <p>You may <em>think</em> you're living frugally, but now is the time to really strip life down to the bare essentials. Your expenses should really come down to your rent or mortgage, utilities, and a modest food budget. (Keep the Internet and cell phone services, as you may need them for your job search.) But that cable TV subscription? Kill it. Gym membership? Suspend it. Avoid going out to eat, or shopping at high-end grocers. And turn down the thermostat a couple of degrees. Every penny you save now is money that will help get you through to the next job.</p> <h2>4. Assess Your Health Insurance Situation</h2> <p>If you received health insurance through your employer, your benefits may no longer be accessible to you. It's likely that you are eligible for COBRA benefits, which provide discounted coverage between when your benefits run out and when new benefits kick in. After a job loss, you usually have 60 days to apply for COBRA benefits, and they last between 18 and 36 months, depending on your situation. At this time, it's also worth exploring insurance options available under the Affordable Care Act at HealthCare.gov.</p> <h2>5. Apply for Unemployment Benefits (But Don't Necessarily Claim Them Right Away)</h2> <p>If you've lost your job, there's a good chance you'll be eligible for compensation from unemployment insurance. In most states, unemployed people are entitled to up to 26 weeks of benefits that are a portion of their previous salary. Note that earnings from part-time or freelance work can be deducted from unemployment benefits. You don't necessarily have to claim unemployment benefits right away if you still have some money coming in, but it's still important to research options and get your name into the system immediately after a job loss.</p> <h2>6. Accept Outplacement Service if It Is Offered</h2> <p>You may feel like you can do a job search by yourself, but if your former employer is connecting you with assistance for free, take it. Outplacement professionals can help you update your resumé, assess your skills to see what jobs might be right for you, and even help you with interviews and salary negotiations.</p> <h2>7. Update Your Resumé and LinkedIn Profile</h2> <p>Hopefully, these are things you've kept more or less up-to-date anyway, but if you haven't looked at them in a while, give them some attention now. You don't have to necessarily reveal that you are between jobs, but it's important to have up-to-date information on your skills and accomplishments. Be sure to make several resumés based on the different types of jobs you may be pursuing. (See also: <a href="http://www.wisebread.com/30-minutes-to-a-linkedin-profile-that-gets-you-hired?ref=seealso">30 Minutes to a LinkedIn Profile That Gets You Hired</a>)</p> <h2>8. Collect All Your Retirement Account Information</h2> <p>If you've lost your job, you're no longer going to be able to contribute to your company's 401K, or other similar retirement plan. You don't necessarily have to do anything with the account right away, but eventually, you may want to roll your old 401K into another 401K or IRA.</p> <p>In the immediate term, make sure you save the login and password information to the account, as well as any relevant paperwork. It will also be important to check your account balance to see how much of your matched contributions were &quot;vested.&quot; If you leave a company after a short amount of time, it's possible that the company can reclaim some matching contributions.</p> <h2>9. Adjust Your Auto Insurance Premium</h2> <p>What you pay for auto insurance is often partially based on how much you drive. If you are no longer commuting to work, you may be able to reduce your premium slightly by arguing that you're driving less. Your rate is especially likely to go down if you're no longer driving and parking in a dense, urban area.</p> <h2>10. Take a Breather</h2> <p>It's okay to take some time off before doing any hardcore thinking about your next career move. While you don't waste a lot of time in getting back to work, it's important to make decisions with a clear head. Do you want to remain in the same field? Do you want to start your own business? Do you even need to go back to work full-time? There is a lot to think about, so take some time. This is as much a financial move as one for your mental health, because the last thing you want to do is rush into a job that you're not suited for and find yourself back in the unemployment line again.</p> <h2>11. Reallocate Some Investments for Income</h2> <p>If you have some investments in a non-retirement account, it's worth examining whether you can adjust them to produce some income. It's not necessarily a good idea to immediately sell a large quantity of stocks or mutual funds, especially if they are for long-term savings. You certainly don't want to do anything rash. But perhaps a portion of your portfolio could shift to bonds or dividend stocks that will help bring you some extra cash.</p> <p><em>What other money moves should you make after getting fired? Share with us in the comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/11-financial-moves-to-make-the-moment-you-get-fired">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/whats-an-employee-to-do-part-1">What&#039;s an employee to do? Part 1</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-first-5-things-you-must-do-after-getting-laid-off">The First 5 Things You Must Do After Getting Laid Off</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-write-a-resume-12-steps-to-your-next-job">How To Write A Resume: 12 Steps To Your Next Job</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-ways-to-save-money-when-you-are-unemployed">10 Ways to Save Money When You Are Unemployed</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-money-moves-to-make-when-a-layoff-is-coming">10 Money Moves to Make When a Layoff Is Coming</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income Budgeting employment fired getting fired job loss jobs layoffs money moves resume unemployment Tue, 08 Mar 2016 10:00:05 +0000 Tim Lemke 1667924 at http://www.wisebread.com The 4 Jobs People Quit the Most http://www.wisebread.com/the-4-jobs-people-quit-the-most <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-4-jobs-people-quit-the-most" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000066495397_Large.jpg" alt="this job has a high turnover rate" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>With the January 2016 unemployment rate at 4.9%, the downward trend of U.S. unemployment that we have been experiencing since March 2014 continues. However, as with everything else, the devil is in the details.</p> <p>Having a job right now doesn't mean that you'll be holding that same job within the next year or so. And if you hold one of the four following jobs, high turnover rates indicate you'll be leaving a lot sooner than that.</p> <h2>1. Most Jobs at Amazon</h2> <p>In August 2015, the New York Times released a big exposé on <a href="http://www.nytimes.com/2015/08/16/technology/inside-amazon-wrestling-big-ideas-in-a-bruising-workplace.html?_r=0">Amazon's work environment</a> based on the accounts of more than 100 current and former &quot;Amazonians.&quot; While it's understandable that the online giant has to fight tooth-and-nail to preserve its position as the top retailer in the world, the expectations to deliver may be too overwhelming for most employees.</p> <p>&quot;Nearly every person I worked with, I saw cry at their desk,&quot; reported one employee in books marketing during an interview. &quot;You know that tomorrow you're going to look around and some people are going to have left the company or been managed out,&quot; wrote another former employee in advertising and marketing.</p> <p>According to a 2013 Payscale survey, the <a href="http://www.payscale.com/data-packages/employee-loyalty/full-list">median employee tenure</a> at Amazon is one year, ranking third to last in the Fortune 500 list. Working at Amazon may not only be a short stint, but also can affect your future job prospects. While the work conditions are grueling at Amazon, those same high expectations appear to consistently churn out individuals with a strong work ethic who are in high demand by some Seattle recruiters. Still, other local recruiters stay away from former Amazon employees because of their pugnacious nature.</p> <h2>2. Jobs in the Life Insurance Industry</h2> <p>On the same Payscale survey, many Forbes 500 companies in the life insurance industry had a low median employee tenure as well:</p> <ul> <li>Massachusetts Mutual Life Insurance Company: 0.8 year</li> <li>American Family Life Assurance Company of Columbus (AFLAC): 1 year</li> <li>New York Life Insurance Company: 1.4 years</li> <li>The Northwestern Mutual Life Insurance Company: 1.6 years</li> <li>Guardian Life Insurance Company of America: 4.7 years</li> <li>Metropolitan Life Insurance Company (MetLife): 5 years</li> </ul> <p>One of the main challenges of jobs in the life insurance industry is that they require you to stick around to actually start making a decent salary through referrals and residuals, yet those same jobs have a high churn rate (lots of personnel leaving within a short period of time). Difficulty in closing sales, high level of competition, and investment in certifications are some of the reasons for people to quit.</p> <h2>3. Registered Nurses (RNs)</h2> <p>The U.S. is facing a potential shortage of registered nurses. According to the U.S. Bureau of Labor of Statistics, the <a href="http://www.bls.gov/ooh/healthcare/registered-nurses.htm">average growth rate</a> for all occupations is 7% for the period from 2014 to 2024, while that for the registered nurse profession is 16%!</p> <p>Some surveys indicate that 43% of newly licensed hospital-based RNs leave their first jobs within three years of employment. On average, 17.5% of newly licensed RNs call it quits after just their first year. That rate is even higher for RNs in the East South Central region, with 25% of them leaving their first job.</p> <p>The high turnover rate is caused by several factors, including high stress, lack of colleague support, and high pressure from supervisors. While the 2014 median pay was $66,640 per year for RNs, many nurses feel that they are underpaid due to the long hours they are required to work. Some nurses work 12-hour shifts (sometimes longer), which leads to a <a href="http://www.rasmussen.edu/degrees/nursing/blog/nursing-debate-8-hour-shifts-vs-12-hour-shifts/">series of health issues</a>, including obesity, heart disease, stroke, hypertension, glucose regulation, GI disorder, and reproductive problems.</p> <h2>4. Jobs in Leisure and Hospitality Industry</h2> <p>According to data from the Bureau of Labor Statistics' Job Openings and Labor Turnover (JOLTS) program, the turnover rate in the <a href="http://www.bls.gov/news.release/jolts.nr0.htm">leisure and hospitality industry</a> has gone up for the fourth year in a row.</p> <p>Here is a comparison to provide some context. In December 2015, <a href="http://www.bls.gov/news.release/jolts.t09.htm#jolts_table9.f.p">3.3% of workers</a> in all U.S. non-farm industries left or were fired from their jobs. During the same period, 5.7% of workers in the leisure and hospitality industry lost or quit their jobs! That's the highest turnover rate of all industries tracked by the JOLTS program.</p> <p>With the average production and nonsupervisory employee making <a href="http://www.bls.gov/iag/tgs/iag70.htm#earnings">only $12.67 per hour</a> and being able to work 25 hours per week, it's not a surprise that employees have to change jobs to chase higher wages. With many of those employees making close to the hourly minimum wage, even the offer of a dollar extra per hour can be a strong motivator to switch jobs. Some of those workers are even opting to move to cities with current or scheduled higher minimum wages (See also: <a href="http://www.wisebread.com/6-american-cities-with-the-highest-minimum-wage?ref=seealso">6 American Cities With the Highest Minimum Wage</a>).</p> <p><em>What are other challenging jobs with high turnover rates?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/damian-davila">Damian Davila</a> of <a href="http://www.wisebread.com/the-4-jobs-people-quit-the-most">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-questions-to-ask-before-you-quit-your-job">6 Questions to Ask Before You Quit Your Job</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/13-great-reasons-to-quit-your-job">13 Great Reasons to Quit Your Job</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-signs-you-should-quit-your-job">8 Signs You Should Quit Your Job</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-a-job-learn-the-secret-from-a-bad-movie">How to get a job--learn the secret from a bad movie</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-questions-to-ask-before-you-take-a-job-offer">12 Questions to Ask Before You Take a Job Offer</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income horrible jobs job search jobs quit your job quitting turnover rates Tue, 01 Mar 2016 10:00:11 +0000 Damian Davila 1663953 at http://www.wisebread.com