success http://www.wisebread.com/taxonomy/term/9281/all en-US 5 Things to Remember Every Time You Face a Financial Failure http://www.wisebread.com/5-things-to-remember-every-time-you-face-a-financial-failure <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-things-to-remember-every-time-you-face-a-financial-failure" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-494706352.jpg" alt="Woman remembering things after a financial failure" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Failure is a universal phenomenon, but it's one that makes you feel isolated and alone when it happens to you. When it comes to financial failures &mdash; from thwarted entrepreneurial ambitions, to poor investment decisions, to overwhelming debt &mdash; the feeling of failure is magnified by the fact that talking about money is taboo in our culture, and there are relatively few safe spaces to discuss your financial problems.</p> <p>But financial failure is just as common as any other kind of failure, and there is no reason to let it derail your path to success. When you face a financial failure, remembering these key facts can help you pick yourself up, dust yourself off, and keep working toward your financial goals.</p> <h2>1. No One Else Is Keeping Track of Your Failures</h2> <p>Just out of my graduate education program, I applied for a teaching position at every school district within driving distance. I sent out about two dozen applications. I went on about four job interviews. And two weeks before the school year began, I landed an interview and a job at my preferred district.</p> <p>During that time, I beat myself up for all the districts that weren't calling me and all the interviews that didn't result in a job. But from the outside, my series of failures looked like me landing a job right out of graduate school at the district of my choice.</p> <p>Facing a series of failures before reaching success is a part of life, but no one other than you sees all of those failures. If you've tried over and over again to get the job you want, or tame your <a href="http://www.wisebread.com/fastest-way-to-pay-off-10000-in-credit-card-debt?ref=internal" target="_blank">credit card debt</a>, or qualify for a small business loan, no one other than you will be keeping a tally of the times it didn't work. You are the only person tracking your failures.</p> <h2>2. Failure Is Not the End</h2> <p>Life is a little messier than in the movies. Moments of success do not end with a swell of music and rolling credits &mdash; and neither do moments of failure. Your life continues after you declare bankruptcy, even if your day-to-day life looks a little different from it did before your bankruptcy.</p> <p>That means no financial failure is the end of the story &mdash; unless you choose to let it be the end. Yes, you made some mistakes in the past that led to a big financial consequence, but you can always choose to get up each day after a bankruptcy, job loss, or disastrous investment, and get to work on rebuilding.</p> <h2>3. Without Failure, It Is Difficult to Recognize Success</h2> <p>If everything you tried came easily to you, then you would never feel anything but neutral about your success. It is failing at something that helps you recognize, enjoy, and be grateful for the success that comes afterward. Failure may feel pretty terrible, but it gives success its sweetness. This is especially true of the kind of behavioral changes you have to make to be financially successful.</p> <p>For instance, sticking to a budget is a difficult skill, and very few rookie budgeters are going to be good at it right out of the gate. Having several months where you blow your budget might seem like a failure worthy of giving up on budgeting altogether, but such blown budgeting months are part of your learning experience.</p> <p>If you're willing to learn from those mistakes, you'll get to a place where you know how to handle unexpected expenses, invitations, or financial problems without overspending. And it will feel so much better to succeed at your budgeting after learning from your failures than it would to have budgeting come easily to you.</p> <h2>4. No Failure Defines You</h2> <p>In the midst of a financial failure, it can be very easy to get discouraged and decide that you failed because there is something wrong with you. For instance, you might be furious at yourself for failing yet again to sign up for your company's 401K, or missing another due date for a bill. You might think that you can't do <em>anything</em> right because you've failed to do this task. But such global application of your anger at yourself is counterproductive and completely untrue.</p> <p>Instead, invest the time to think about the specific reasons why you failed. Do you feel overwhelmed by the decisions you have to make to sign up? Do you have too many bills to keep track of?</p> <p>Once you have pinpointed the specific reasons behind your failure, you can start to focus on what you need to do to rectify the situation, all while recognizing that you are not defined by your failure.</p> <h2>5. You Are Not in a Competition</h2> <p>Experiencing a job loss or other financial failure can be devastating no matter when it happens, but it is particularly tough when your friends or colleagues are doing well at the same time. Having to move back in with your parents after losing a job can already feel like a type of failure, but it can feel even worse if your best friend receives a major promotion and raise at work at around the same time. You might feel as if you're falling behind while they pull ahead of you.</p> <p>However, comparing your life to others' lives is a losing proposition, since there will always be someone doing better (and someone doing worse, for that matter) than you. You are not in a race to succeed, and there are no winners and losers &mdash; so don't let yourself feel bad because of where you are in relation to others. You are where you are, and you can find success from there.</p> <h2>Don't Let Financial Failure Get the Better of You</h2> <p>We all face financial failure at some point in our lives. Feeling devastated is perfectly normal, but don't let it be your only reaction to such a failure. Instead, remember that failure is just one of the steps on the path to success.</p> <h2 style="text-align: center;">Like this article? Pin it!&nbsp;</h2> <p>&nbsp;</p> <p style="text-align: center;"><a href="//www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F5-things-to-remember-every-time-you-face-a-financial-failure&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F5%20Things%20to%20Remember%20Every%20Time%20You%20Face%20a%20Financial%20Failure.jpg&amp;description=5%20Things%20to%20Remember%20Every%20Time%20You%20Face%20a%20Financial%20Failure" data-pin-do="buttonPin" data-pin-config="above" data-pin-color="red" data-pin-height="28"><img src="//assets.pinterest.com/images/pidgets/pinit_fg_en_rect_red_28.png" alt="" /></a> </p> <!-- Please call pinit.js only once per page --><!-- Please call pinit.js only once per page --><script type="text/javascript" async defer src="//assets.pinterest.com/js/pinit.js"></script></p> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/5%20Things%20to%20Remember%20Every%20Time%20You%20Face%20a%20Financial%20Failure.jpg" alt="5 Things to Remember Every Time You Face a Financial Failure" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/emily-guy-birken">Emily Guy Birken</a> of <a href="http://www.wisebread.com/5-things-to-remember-every-time-you-face-a-financial-failure">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-7"> <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/why-you-need-to-make-financial-habits-not-goals">Why You Need to Make Financial Habits, Not Goals</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-surprising-benefits-of-failure">7 Surprising Benefits of Failure</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/4-reasons-to-cut-yourself-some-slack-following-a-financial-setback">4 Reasons to Cut Yourself Some Slack Following a Financial Setback</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-embrace-failure-keep-going-and-win">How to Embrace Failure, Keep Going, and Win</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/create-a-reverse-bucket-list-to-improve-your-money-management">Create a Reverse Bucket List to Improve Your Money Management</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance failures financial goals habits motivation picking yourself up success Tue, 21 Feb 2017 10:00:22 +0000 Emily Guy Birken 1893289 at http://www.wisebread.com The Surprising Truth of Investing: Mediocre Advice Is Best http://www.wisebread.com/the-surprising-truth-of-investing-mediocre-advice-is-best <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-surprising-truth-of-investing-mediocre-advice-is-best" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-538027758.jpg" alt="Man learning mediocre investing advice is best" title="" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>My investing success made it possible for me to quit working a regular job 10 years ago, at age 48. Even so, I have written very little about investing compared to what I've written about other personal finance topics. There's a reason for that: I'm a mediocre investor.</p> <p>Over the course of my career as a software engineer, I saved and invested, earning a mediocre investment return. Since becoming a full-time writer, I've continued to earn investment returns &mdash; which although still mediocre, have been enough to supplement my income from writing.</p> <p>As a mediocre investor, I have hesitated to hold myself out as an investment adviser, even if my results have met my own needs in a very satisfactory way. I figured people would quite legitimately compare me to superior investment advisers, and it was a comparison that I didn't think would put me in the best light. And yet, I'm going to overcome my hesitation, because looking for superior investment advisers is probably a mistake.</p> <p>There are two big reasons why mediocre investment advice is the better choice: It's adequate, and it's cheap.</p> <h2>Mediocre Investing Advice Is Adequate</h2> <p>The purpose of your investment portfolio is to support your goals in life, and a mediocre return will do the trick. A mediocre return &mdash; just a few percentage points over inflation &mdash; will turn a modest flow of savings into a portfolio large enough to let you buy a house, send your kids to college, and fund a retirement (even an early retirement).</p> <p>Trying to get a better-than-mediocre return requires taking financial risks that put all your life goals at risk.</p> <p>If you have plenty of money available for investing, you can do both. You can cover your basic life goals with a portfolio invested for mediocre returns, and then you can direct your surplus investible funds into a portfolio that shoots for superior returns.</p> <p>It can be fun if you enjoy that sort of thing. I did some of that. Looking back, I'd probably have been better off just going for mediocre returns on the whole thing.</p> <h2>Mediocre Investing Advice Is Cheap</h2> <p>Superior investing advice tends to be expensive. It's expensive because it's worth it &mdash; but it's really only worth that much to the truly wealthy.</p> <p>Think about it. Let's say really good advice can boost your average annual return by five percentage points. On a $100,000 portfolio, that's an extra $5,000 a year. On a $1 billion portfolio, it's an extra $50 million a year. If someone can really earn that kind of extra return, they won't be working for you. They'll be working for the 1%.</p> <p>And it's not only getting superior advice that's expensive. Just following it is expensive. Following any financial advice &mdash; good or bad &mdash; costs money, but not only is getting mediocre advice cheap, following it tends to be cheap as well. And that cost savings turns out to support your investment returns better than even pretty good advice does.</p> <h2>Go With Mediocre</h2> <p>Just looking for superior financial advice is fraught. Most people who say they're providing superior investment advice are wrong. Some are simply deluded, others are flat-out lying. Either way, you really don't want to follow their financial advice &mdash; following bad financial advice can easily cost you your life savings.</p> <p>Fortunately, it's easy to tell the difference: Bad financial advice costs money, while mediocre financial advice tends to be free (or nearly so).</p> <p>Where can you get mediocre financial advice? Lots of places. You might start with two books I reviewed here on Wise Bread years ago that provide just the sort of mediocre financial advice I'm talking about:</p> <ul> <li><a href="http://www.wisebread.com/book-review-the-little-book-of-common-sense-investing" target="_blank">The Little Book of Common Sense Investing</a> by John C. Bogle: A perfect capsule of mediocre investment advice. It's also really short, because you can say about all there is to say about mediocre investing in a really short book.<br /> &nbsp;</li> <li><a href="http://www.wisebread.com/book-review-the-only-investment-guide-youll-ever-need?ref=internal" target="_blank">The Only Investment Guide You'll Ever Need</a> by Andrew Tobias: A slightly longer book that also covers basic personal finance stuff &mdash; so, not just investing your money, but also earning, spending, and insuring it.</li> </ul> <h2>How to Know It's Mediocre</h2> <p>It's easy to tell if the advice you're getting is the sort of mediocre advice you want. There are two characteristics to look for:</p> <ol> <li>It's free &mdash; or, available for no more than the cost of a book.</li> <li>It doesn't claim to be better than mediocre.</li> </ol> <p>If somebody charges money for their advice &mdash; or, more importantly, charges a commission, or a percentage of your assets for their advice &mdash; then it's probably not mediocre financial advice. (Charging a small fraction of 1% to cover the costs of running an investment fund is fine. It's charging extra on top of that for advice that's the danger sign.)</p> <p>If somebody claims that their advice is superior investment advice, or in any way better than mediocre financial advice, then it probably isn't mediocre financial advice.</p> <p>If you spot any of those warnings signs, I suggest that you avoid those advisers. It doesn't really matter whether they are people who genuinely think they're providing superior financial advice, or people who are just playing on your hopes for superior financial advice. If you follow their investment advice, I can confidently predict that your long-term investment returns &mdash; after expenses &mdash; will be crappy. And crappy returns mean a lower standard of living, less security, no chance to retire early, and maybe no retirement at all.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/philip-brewer">Philip Brewer</a> of <a href="http://www.wisebread.com/the-surprising-truth-of-investing-mediocre-advice-is-best">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-9"> <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/11-investing-tips-you-wish-you-could-tell-your-younger-self">11 Investing Tips You Wish You Could Tell Your Younger Self</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-essentials-for-building-a-profitable-portfolio">5 Essentials for Building a Profitable Portfolio</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/5-investors-with-better-returns-than-warren-buffett">5 Investors With Better Returns Than Warren Buffett</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-protect-yourself-from-an-investment-scam">How to Protect Yourself From an Investment Scam</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-6-best-financial-news-sites-for-investors-in-a-hurry">The 6 Best Financial News Sites for Investors in a Hurry</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Investment advice early retirement financial advisers mediocre returns success Mon, 20 Feb 2017 10:30:26 +0000 Philip Brewer 1892846 at http://www.wisebread.com 8 Ways a Side Hustle Can Advance Your Career http://www.wisebread.com/8-ways-a-side-hustle-can-advance-your-career <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-ways-a-side-hustle-can-advance-your-career" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-635977934.jpg" alt="Man learning ways a side hustle can advance his career" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Some people call it moonlighting. Others call it a &quot;hobby that pays.&quot; Whatever you call <a href="http://www.wisebread.com/earn-extra-income-with-these-15-creative-side-gigs?ref=internal" target="_blank">your side hustle</a>, it's not just something that can bring in a little extra cash. A side hustle can be a valuable addition to your main career, giving you skills and connections you would never normally acquire.</p> <p>So the big question is, if you don't yet have a side hustle&hellip;will these eight benefits inspire you to get one? (See also: <a href="http://www.wisebread.com/15-ways-to-make-money-outside-your-day-job?ref=seealso" target="_blank">15 Ways to Make Money Outside Your Day Job</a>)</p> <h2>1. Learn Valuable Project-Juggling Skills</h2> <p>Handling several projects at once may well be part of your current career. However, once you add in the additional work from your side hustle, you go from being a moderate juggler to a master of the art.</p> <p>With a side job, your schedules might clash. And when that happens, you can't really tell your boss that you can't do the work because you have an extracurricular project on your plate. With a main career and a side hustle, you become an expert in time management and scheduling. You also learn, quite quickly, how much you can take on without burning out. These are all skills that will do you well in your main career.</p> <h2>2. Enjoy More Freedom at Work</h2> <p>A side job means additional money that isn't coming from your main career. While this has many benefits (the more different streams of revenue you have, the better), it also gives you something other people in the same role may not have &mdash; freedom.</p> <p>The lure of money, or a promotion, can often make people do things they wouldn't like to do, but will anyway because of the need for additional income. If you already have that additional money from another source, you can say no to some of the projects you aren't interested in. You can speak up in meetings without fearing that your pay raise may be on the line. In fact, some people have discovered that this actually helps their career, with their newfound ability to be honest and confident actually helping them get a raise or promotion they otherwise would have missed out on.</p> <h2>3. Stand Out From the Crowd</h2> <p>This is a hirer's market, in almost every industry. Demand for jobs is outpacing supply, and when that happens, you quickly become engaged in a battle to be noticed. Why you? Why your resume? There are dozens, if not hundreds, to choose from.</p> <p>Well, a side hustle can add much needed diversity and drive to your list of skills. Think about it. Two very similar people come for an interview, say for an account executive position. One has the usual skills, and the typical career path. The other has the same, but then you notice that they also have written articles for an industry magazine, and given speeches at major marketing events. On top of that, they have their own successful drop shipping business on eBay. One is clearly a go-getter, and can handle the pressure well. Plus, they have way more experience outside of work.</p> <h2>4. Add More Strings to Your Bow<strong> </strong></h2> <p>Aside from simply standing out to prospective employers, your additional experience from side jobs can have a real impact on your current position. For example, someone may start at a junior position in a firm, with the very narrow set of skills that are required for that role. However, by taking on a side job, perhaps in a field quite different from their chosen profession, they may find themselves with brand-new abilities that really help. A lawyer who takes a side job doing acting in local commercials, or voice over work, suddenly finds that he or she has become a much more skilled orator in the courtroom.</p> <p>This happens often in the fields of advertising, marketing, and public relations, too. Look for jobs that may not initially seem to fit, but have qualities that could reach into your chosen career. You may be surprised at the benefits.</p> <h2>5. Get a Great Confidence Boost</h2> <p>Success breeds confidence. If you become successful in your side hustle, it will seamlessly start to affect your main career. And so it should. If you were doing &quot;just okay&quot; in your main career, but suddenly found great success in your side job designing websites, or selling your own jewelry collections on Etsy, your confidence will get a much-needed boost. It won't take long for that confidence to influence your current role in your main gig.</p> <p>Now, you have a little more steam in your stride. You're a little surer of your abilities, and your decisions. Before you know it, the success you found in your side job is being dwarfed by the successes you're having at work.</p> <h2>6. Open Up New Opportunities</h2> <p>Any time you move in professional circles outside of your main career, you are opening new doors for opportunity. If you have been in one company, and one role, for a long period of time, your contacts and business networks may be stagnant. They're good. But they're not growing. They're just the same &quot;business as usual&quot; leads.</p> <p>However, your side job can open up dramatically different networks. And while you may think that the two cannot combine, don't be so sure. It's entirely possible to meet someone who has an interest in what you do as a main career, but who found you because you make awesome beer, or provide a killer cake baking service. Great business connections can come from all walks of life. They don't all have to come from the same pond.</p> <h2>7. Give Yourself a Second Career to Explore</h2> <p>A career now is not the same as a career 60 years ago. No one these days can expect to start at a company in a junior position and leave at retirement age with a gold watch and a big party.</p> <p>Employment rules have changed. Technology is moving faster than any of us can really comprehend. And it is dangerous to have only one set of skills for one career. Your side hustle can be a huge benefit here. It can give you skills you would never get through your main career, and should the worst happen, you may be able to turn that side hustle into a full-time job. It's quite possible the job you do now, for a bit of extra money, will be your life preserver in a few years' time.</p> <h2>8. Find Fulfillment and Do What You Love<strong> </strong></h2> <p>They say that if you do a job you love, you'll never work a day in your life. &quot;They&quot; don't all live in the real world. Most of us are not fortunate enough to do a job we love, day in, day out. There may be moments of joy, but often, it's a matter of going through the motions and waiting for the clock to wind down.</p> <p>With a side hustle, you really can love what you do. Sure, it brings in a little money, but it can provide much greater benefits than that. It can be a creative outlet, or a way to meet new people, and enjoy new experiences. If you've always wanted to paint murals, but work in a bank&hellip;do both! If you love being a kids' entertainer, do parties on weekends. You can find fulfillment, if you really look for the opportunities.</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/8-ways-a-side-hustle-can-advance-your-career">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/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/15-ways-to-make-money-outside-your-day-job">15 Ways to Make Money Outside Your Day 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/10-great-side-jobs-for-introverts">10 Great Side Jobs for Introverts</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/5-ways-even-ordinary-people-can-become-paid-models">5 Ways Even Ordinary People Can Become Paid Models</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/7-ways-to-earn-extra-money-with-your-car">7 Ways to Earn Extra Money With Your Car</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building Extra Income advantages benefits confidence freelancing fulfillment revenue streams side hustle side jobs small businesses success Wed, 08 Feb 2017 10:30:32 +0000 Paul Michael 1888337 at http://www.wisebread.com 6 Money Lessons We Can Learn From "Gilmore Girls" http://www.wisebread.com/6-money-lessons-we-can-learn-from-gilmore-girls <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-money-lessons-we-can-learn-from-gilmore-girls" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/women_friends_tv_69491221.jpg" alt="Learning money lessons from Gilmore Girls" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>In case you have had your head in the sand, been stranded on a desert island, or just been sitting on your couch with your fingers in your ears chanting, &quot;La, la, la,&quot; let me be the one to tell you: The Gilmore Girls are coming back!</p> <p>We've learned a lot from them over the years. Feisty Lorelai and sweet Rory have taught us about love, family, friendship, food, and more. And, on November 25th, I hope to continue my education.</p> <p>Not only do I hope to hear more witty banter and find out (finally???) whether Team Jess really and truly won Rory's heart, but I bet I'll also learn a bit about money. Here's what I've learned so far.</p> <h2>1. Money Isn't Everything</h2> <p>Look at Richard and Emily, or Paris Gellar, or even Logan. They all have quite a bit of money, but it hasn't brought them much in the way of happiness. Instead, it has brought them stress, a constant need to keep up with the other wealthy folks around them, a whole lot of pressure, and anxiety. In fact, if they are what it means to be wealthy, I don't want any part of it!</p> <p>On the flip side, Lorelei and Rory don't have that much money. Sure, by the time the show starts, they clearly are better off than they used to be, but they still aren't wealthy. Yet they are happy, have a solid relationship, and know what they want out of life. When it comes to happiness, being financially stable is important, but being wealthy is not.</p> <h2>2. Sometimes the Little Splurges Are Worth It</h2> <p>We've all heard about how much we could save if we didn't get that coffee every morning, didn't eat out so much, didn't buy so many drinks, etc. But, sometimes, those little splurges are worth it. Think about the number of times the girls bonded over coffee and a meal at Luke's, or even the relationship that developed between Luke and Lorelai.</p> <p>While there are other ways to facilitate relationships, getting a coffee together is socially acceptable and nonthreatening in our culture. So you may not want to drink as much coffee as the Gilmore Girls, but a cuppa here and there, especially when it comes with good conversation, can easily be worth the cost.</p> <h2>3. It's Okay to Ask for Help</h2> <p>Lorelai asks her parents for financial help several times (starting in the very first episode) and it's hard for her every time. She has worked hard to get to where she is, and she doesn't want to lose her financial independence and put herself in a place where she owes someone. Yet, in order to make it possible for Rory to attend Chilton, she humbles herself and asks Richard and Emily for help.</p> <p>And it turns out to be a good thing.</p> <p>While asking for financial help can be at least as tricky in the real world as it is for Lorelai and Rory, sometimes that is what you need to do. If there is something you need and can't afford, or something that would be really, really good for you or a family member, and asking for aid in a mature, intentional way could be one of the best things you ever do.</p> <h2>4. Dream and Plan for Financial Success</h2> <p>Owning their own inn is a dream for Lorelai and Sookie, and it's not one that could ever come true without intentional planning. First, they dream, then they save, then they look for the perfect place, find the right realtor, and so on. By combining their dream with a plan, they eventually achieve their goals.</p> <p>Most dreams cost money, which means that achieving them requires some sort of plan. Without this, the dream will never become feasible and will only ever be a dream. Planning and putting your money behind a dream means that your money is working for you, and gives you motivation to be frugal and make wise choices.</p> <h2>5. You Can Have Fun Without Spending a Lot</h2> <p>Sure, Rory and Lorelai spend quite a bit on coffee and takeout, but they aren't extravagant when it comes to entertainment. Other than a concert here or there, they spend most of their evenings at home, eating a ton of food and watching all sorts of movies. Through this ritual, they've gotten to know each other and have built a strong mother-daughter bond.</p> <h2>6. That Side Hustle Can Add Up</h2> <p>Lorelai works full time and goes to school, but she also takes jobs on the side. She and Sookie cater parties so posh that even Emily wants them to throw one of hers. Without this extra income, I'm pretty sure Lorelai would never have been able to buy the Dragonfly, even on a very generous manager's salary.</p> <p>If you're good at something, start developing your side hustle today. It can be small at first, but who knows what it will grow into. Maybe it will generate some income so you can follow your dreams, too.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/sarah-winfrey">Sarah Winfrey</a> of <a href="http://www.wisebread.com/6-money-lessons-we-can-learn-from-gilmore-girls">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/6-money-lessons-we-could-all-learn-from-dwayne-the-rock-johnson">6 Money Lessons We Could All Learn From Dwayne &quot;The Rock&quot; Johnson</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/4-brilliant-tips-from-smart-mom-rich-mom">4 Brilliant Tips From &quot;Smart Mom, Rich Mom&quot;</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/10-of-the-coolest-sayings-about-saving">10 of the Coolest Sayings About Saving</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/12-personal-finance-skills-everyone-should-master">12 Personal Finance Skills Everyone Should Master</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/8-frugal-living-skills-i-wish-my-parents-would-have-taught-me">8 Frugal Living Skills I Wish My Parents Would Have Taught Me</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Entertainment advice dreams gilmore girls money lessons saving money side jobs success TV shows Wed, 09 Nov 2016 09:00:06 +0000 Sarah Winfrey 1829534 at http://www.wisebread.com How "Radical Implosion" Can Help You Get Ahead at Work — and Everywhere Else http://www.wisebread.com/how-radical-implosion-can-help-you-get-ahead-at-work-and-everywhere-else <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-radical-implosion-can-help-you-get-ahead-at-work-and-everywhere-else" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/confident_woman_work_71845173.jpg" alt="Woman using radical implosions to get ahead" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Do you ever feel like there's <a href="http://www.wisebread.com/7-ways-youre-sabotaging-your-job-hunt">something holding you back</a> at work? Maybe it's social anxiety that keeps you from speaking up in meetings, or a fear of rocking the boat that keeps you from asking for that raise you really deserve.</p> <p>If you're like most people, you probably feel like you've tried everything. You've taken your deep breaths, said your mantras, posed in power positions. And it still didn't work. You just couldn't overcome the fears and insecurities deep inside.</p> <p>Are you serious about making some changes? And committed? Then there's one more thing you might try. It's a technique called <em>radical implosion</em>, and it can help you change for the better &mdash; even in areas where you feel really and truly stuck.</p> <h2>Radical Implosion Explained</h2> <p>Radical implosion is the idea that overcoming a challenge much more difficult than the one you're actually afraid of makes your fear dissipate. Psychologist Albert Ellis <a href="https://www.psychologytoday.com/articles/200703/confidence-stepping-out?page=3">pioneered this approach in 1933</a> when, desperate to learn how to talk to women, he decided he would talk to every woman he found sitting alone on a bench in the New York Botanical Gardens. And over 230 women later, he had overcome his fear.</p> <p><a href="http://lifehacker.com/overcome-shyness-with-radical-implosion-1785985698">Will Farrell did something similar</a> when, frustrated with his shyness and the ways he felt it was holding him back, he started doing embarrassing things in public on purpose, until it didn't bother him anymore when people laughed at him. Sure, it sounds crazy, but we all know where it got him!!</p> <h2>Radical Implosion at Work</h2> <p>To apply radical implosion at work, you first have to determine what it is you're afraid of, and then you have to find a way to address that fear from an implosion perspective.</p> <h3>During Meetings</h3> <p>Speaking up in meetings can be terrifying. All of a sudden, there are several people looking at you, focused on you. What if you say the wrong thing, or you can't explain your ideas, or everyone thinks your idea is stupid?</p> <p>To address this from an implosion perspective, think about other times and places where you could stand up, speak, and have the attention of a crowd. Maybe you decide to give an impromptu speech in your local park every Saturday at noon, or try your hand at karaoke, or approach random strangers on a street corner to explain your point of view on something.</p> <p>No matter which of these options you choose, once you've done it, talking to your co-workers in the confined space of a meeting should be a piece of cake.</p> <h3>Asking For a Raise</h3> <p>It's easy to be terrified when asking for more money. After all, if they thought you deserved more, wouldn't you be making it already? And what if they refuse you, or ask you a question you hadn't anticipated, or laugh in your face?</p> <p>One implosion technique to apply here would be to approach random people and ask for something. You could start with the time, and move on to requesting money or food or larger items. When you've done this quite a few times, asking your boss to consider a raise won't be nearly as intimidating.</p> <p>You could also implode this fear by asking a few other people for relatively big things. This requires you having some things that you need or want and people who could give them to you, but it would also make that raise request seem much easier.</p> <h3>Networking</h3> <p>It's hard enough to make friends as an adult, and sometimes networking seems even harder. What if you seem fake, or you can't explain what you do and where you want to go, or you forget your words entirely and speak gobbledygook?</p> <p>Start imploding these fears by approaching random strangers. Pick a number, like 50, and don't go home until you've explained what you do to that many people. Take your business cards with you, because you might end up networking by accident! And when you're done, attending that seminar or meeting with that group with the hopes of making some new connections won't seem so frightening anymore!</p> <h2>Radical Implosion Elsewhere</h2> <p>Work isn't the only place where you can use radical implosion techniques to achieve your goals.</p> <h3>Money</h3> <p>People have many, many fears surrounding money. Some are afraid to spend on themselves, while others are afraid of the chances they will miss if they save. While these aren't necessarily social fears, they can still be attacked with implosion.</p> <p>If you are afraid of budgeting, try budgeting every single dollar for the next six months and see if it kills you. If you are afraid of spending money on yourself, buy the most luxurious vacation you can afford. And if you are afraid of what you will miss out on if you save some of your money, try saving as much as you possibly can for several months.</p> <p>The point here is to go over the top. Don't ease yourself into attacking your fears, but tackle them head on. That way, you will know for sure that whatever you're afraid of isn't actually so bad.</p> <h3>Romance</h3> <p>Does talking to a potential romantic partner make your hands sweaty? Do you get so tongue tied on a date that you end up saying nothing?</p> <p>Radical implosion can help you. Be like Ellis and begin approaching people you might want to date, not to necessarily get a date, but to learn how to strike up a conversation. Or go to a party and make yourself carry on a five-minute conversation with at least 10 potential dates. Over time, you will learn that you can do whatever you felt like you couldn't.</p> <p>These aren't the only situations where radical implosion can help you grow and achieve your goals. This technique, once learned, can help you overcome many fears by showing you that they are not, in fact, deserving of your fear after all.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/sarah-winfrey">Sarah Winfrey</a> of <a href="http://www.wisebread.com/how-radical-implosion-can-help-you-get-ahead-at-work-and-everywhere-else">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/5-ways-to-ease-into-a-day-job-after-freelancing">5 Ways to Ease Into a Day Job After Freelancing</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/11-smart-ways-to-maximize-desk-space">11 Smart Ways to Maximize Desk Space</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-ways-to-deal-when-you-work-with-someone-you-hate">8 Ways to Deal When You Work With Someone You Hate</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-surprising-benefits-of-failure">7 Surprising Benefits of Failure</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/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> </ul> </div> </div> </div> </div><br/></br> Career and Income Life Hacks career career tips face your fears get ahead life hacks psychology success Mon, 03 Oct 2016 09:30:20 +0000 Sarah Winfrey 1803458 at http://www.wisebread.com Best Money Tips: 5 Must-Haves for Personal Finance Success http://www.wisebread.com/best-money-tips-5-must-haves-for-personal-finance-success <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-5-must-haves-for-personal-finance-success" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_smart_computer_71659819.jpg" alt="Woman getting must-haves for personal finance success" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found articles on the essentials of personal finance success, ways to save on school and work lunches, and shopping tips for Kohl&rsquo;s customers.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.financiallypoor.com/money-management/5-essentials-for-personal-finance-success/">5 Essentials For Personal Finance Success</a> &mdash; You aren't likely to become a millionaire overnight. Any kind of success requires patience, especially when it comes to personal finance. [Financially Poor]</p> <p><a href="http://www.csmonitor.com/Business/Saving-Money/2016/0819/Three-ways-to-save-on-school-and-work-lunches">Three ways to save on school (and work) lunches</a> &mdash; When you're taking lunch in every day, reusable is the way to go. Pick up an insulated lunch box or bag that will last the whole year, as well as containers in appropriate sizes for food and a bottle for drinks. [The Monitor]</p> <p><a href="http://www.kiplinger.com/slideshow/spending/T050-S001-8-things-kohl-s-shoppers-need-to-know/index.html">8 Secrets Kohl's Shoppers Need to Know</a> &mdash; At Kohl's, it's actually worth it to give them your personal information. You'll get discounts and cash back rewards on your birthday and year-round. [Kiplinger]</p> <p><a href="http://www.popsugar.com/smart-living/How-Get-Rid-Mold-28282387">Everything You Need to Know About Household Mold &mdash; and How to Get Rid of It</a> &mdash; No one wants mold in their home; it's unsightly and can be a health hazard. To keep it out of your abode, you'll need to learn what it is, what causes it, and how to get rid of it. [PopSugar Smart Living]</p> <p><a href="http://www.experian.com/blogs/news/about/frugal-foodies/">Frugal Foodies: How to Enjoy Great Food &amp; Save Money</a> &mdash; Food is a budget priority that everyone shares &mdash; we all need to eat!&nbsp; Join Experian's #CreditChat tomorrow at 3 p.m. ET for a discussion on how to enjoy great food and save money too. [Experian]</p> <h2>Other Essential Reading</h2> <p><a href="http://smartycents.com/articles/student-discounts-save-money/">Work That Student Discount! 27 Ways to Save Major Cash</a> &mdash; Many retailers, including J.Crew, Ann Taylor, Levi's, and Modcloth offer student discounts. [Smarty Cents]</p> <p><a href="http://www.thefrugaltoad.com/travelandleisure/how-to-protect-yourself-when-traveling">How to Protect Yourself When Traveling</a> &mdash; Are you taking an international trip? Contact your local health department and find out if you need any vaccinations. [The Frugal Toad]</p> <p><a href="http://www.thesimpledollar.com/what-to-do-if-your-401k-stinks/">What to Do If Your 401K Stinks</a> &mdash; A 401K is usually a great work benefit to have, but it may not be your best investment option. [The Simple Dollar]</p> <p><a href="https://due.com/blog/best-paper-tools/">3 Best Paper Tools To Help Business Owners Stay Organized</a> &mdash; A desk calendar is a great tool to have for long-term planning. It can serve as a visual calendar, a coaster, a planner and a notepad all at once! [Due]</p> <p><a href="https://abacuswealth.com/first-year-homeowners-watch-surprises/">First Year Homeowners: Watch Out for These Surprises</a> &mdash; Most homes come with a year of homeowner's warranty, but using the warranty for repairs may be more trouble than it's worth because you don't have control over the process. [Abacus]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/amy-lu">Amy Lu</a> of <a href="http://www.wisebread.com/best-money-tips-5-must-haves-for-personal-finance-success">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/5-things-to-remember-every-time-you-face-a-financial-failure">5 Things to Remember Every Time You Face a Financial Failure</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/6-money-lessons-we-can-learn-from-gilmore-girls">6 Money Lessons We Can Learn From &quot;Gilmore Girls&quot;</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/defining-what-financial-success-means-to-you">Defining What Financial Success Means to 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/7-things-successful-millennials-do">7 Things Successful Millennials Do</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/dont-leave-college-without-making-these-5-moves-for-financial-success">Don&#039;t Leave College Without Making These 5 Moves for Financial Success</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance best money tips success Tue, 23 Aug 2016 09:30:33 +0000 Amy Lu 1777732 at http://www.wisebread.com 7 Surprising Benefits of Failure http://www.wisebread.com/7-surprising-benefits-of-failure <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-surprising-benefits-of-failure" 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_happy_86075345.jpg" alt="Woman learning surprising benefits of failure" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Everyone loves a success story, and the world is filled with them. But what about stories of failure? Can't they be as just as educational? Just as inspirational? Equally insightful? After all, a single big win is often built on several losses. It's a truth perfectly captured in the words of Japanese industrialist and automaker, Soichiro Honda, &quot;Success is 99% failure.&quot;</p> <p>Maybe it's time to look past the sound bites of success and examine the transformational power of <em>not succeeding</em>. Here are the seven surprising benefits of failure.</p> <h2>1. Failure Teaches Lessons</h2> <p>Failure can be an efficient (if sometimes harsh) teacher. In our careers, in our financial lives, and in our frugal living goals, learning what not to do is just as important as learning what to do. And the personal bankruptcy laws in the United States embody the positive potential of failure by allowing individuals the room to right themselves, to learn from their mistakes, and move on.</p> <h2>2. Failure Keeps Us Hungry and Humble</h2> <p>The biggest enemy of long-term success is complacency. History is littered with stories of once great nations, cultures, and companies that banked on the notion that a successful past guarantees a successful future. But failure has a way of motivating us &mdash; of keeping us hungry and also humble. People who know from experience that fortunes can be lost, that competitors never sleep, that downsizing happens, and that every market boom can go bust tend to be more highly driven and much more intentional.</p> <h2>3. Failure Helps Us Overcome Fear</h2> <p>What is it that we're most afraid of when we don't take full advantage of sound investments? Or when we put off saving for retirement for decades? When we stay stuck in a job we hate, year after year? I'd argue that we're most afraid of failing. But here's the curious thing about failure: Once you've faced it, it becomes the enemy you know. That familiarity can help you move on with the confidence that a stumble or fall won't be the end of your story.</p> <h2>4. Failure Recommits Us to Our Goals</h2> <p>Personal setbacks can be clarifying. Several years ago, a close friend of mine amassed a whopping amount of consumer debt. Though he'd always considered himself fairly frugal and financially savvy, he'd let a few little slip-ups become a big downward slide and was nearly bankrupt. (See also: <a href="http://www.wisebread.com/6-attitudes-that-breed-financial-failure?ref=seealso">6 Attitudes That Breed Financial Failure</a>)</p> <p>As his closest confidant, I had a front-row seat to my friend's yearlong financial meltdown. But instead of giving up, he committed to a life of debt-free living with a renewed of sense of purpose. He paid off the card balances with laserlike focus and hasn't slipped up since.</p> <h2>5. Failure Inspires Creative Solutions</h2> <p>In 2007, my cushy and fairly lucrative contract position with a top tech firm came to an abrupt end. The situation forced me to re-evaluate what I wanted the future of my career to look like. I knew I wanted to keep working remotely, retain some level of employment autonomy, and (hopefully) avoid a severe pay cut. Over the next few years, I built a small, but thriving independent business &mdash; a business that likely would have never been launched had that contracting position continued without interruption. Though I certainly couldn't see it at the time, that job loss forced me to put something new &mdash; and ultimately, more rewarding &mdash; in motion. (See also: <a href="http://www.wisebread.com/11-famous-failures-that-led-to-success-and-the-lessons-they-teach?ref=seealso">11 Famous Failures That Led to Success</a>).</p> <h2>6. Failure Strengthens Our Support System</h2> <p>The old poetic line, &quot;Laugh, and the world laughs with you; weep, and you weep alone,&quot; may not be entirely accurate. When we fail, we send out flares (often without realizing it) to those who matter most: friends, family, and close colleagues who can offer assistance or simply lend a sympathetic ear. The process strengthens our support system and builds a network of resources to help us succeed next time.</p> <h2>7. Failure Makes Us More Valuable Mentors</h2> <p>The most qualified teachers are those who have been through it all and know how to weather it all. A large part of effective mentorship is helping anticipate and avoid pitfalls, stay focused, and respond to challenges with creativity and optimism.</p> <p><em>Have you benefited from failure? What's the most surprising or important lesson it taught you? Share your story!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kentin-waits">Kentin Waits</a> of <a href="http://www.wisebread.com/7-surprising-benefits-of-failure">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-4"> <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/11-famous-failures-that-led-to-success-and-the-lessons-they-teach">11 Famous Failures That Led to Success (And the Lessons They Teach)</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/how-to-embrace-failure-keep-going-and-win">How to Embrace Failure, Keep Going, and Win</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-radical-implosion-can-help-you-get-ahead-at-work-and-everywhere-else">How &quot;Radical Implosion&quot; Can Help You Get Ahead at Work — and Everywhere Else</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/book-review-outliers-by-malcolm-gladwell">Book Review: Outliers by Malcolm Gladwell</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/success-secrets-you-should-have-learned-in-high-school-but-didnt">Success Secrets You Should Have Learned in High School — But Didn&#039;t</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income Life Hacks benefits courage epic fail fail failure motivation obstacles success surprising benefits Wed, 06 Jul 2016 10:30:08 +0000 Kentin Waits 1745835 at http://www.wisebread.com Best Money Tips: Habits of Highly Successful People http://www.wisebread.com/best-money-tips-habits-of-highly-successful-people <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-habits-of-highly-successful-people" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/successful_woman_000051439304.jpg" alt="Woman using habits of highly successful people" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some great articles on the habits of highly successful people, what you must to do retire early, and ways to save yourself from a fake sale.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.popsugar.com/smart-living/Habits-Successful-People-36802069">15 Habits of Highly Successful People</a> &mdash; Successful people are open to feedback and constructive criticism. [PopSugar Smart Living]</p> <p><a href="http://www.retiredby40blog.com/2015/08/06/9-things-you-must-do-to-retire-early/">9 Things You Must Do To Retire Early</a> &mdash; Set up a stream or two of passive income. The longer it's in place, the more you can set aside for your retirement. [Retired By 40]</p> <p><a href="http://www.csmonitor.com/Business/Saving-Money/2015/0818/Four-ways-to-save-yourself-from-a-fake-sale">Four ways to save yourself from a fake sale</a> &mdash; If you want to buy something that's always in stock, check the price a few different times to know when it's a good deal. [The Monitor]</p> <p><a href="http://www.consumerismcommentary.com/6-ways-your-bank-is-ripping-you-off/">6 Ways Your Bank is Ripping You Off</a> &mdash; Don't sign up for overdraft protection. It's less damaging to have a transaction denied than to rack up several $30 overdraft fees. [Consumerism Commentary]</p> <p><a href="http://www.aspiringmillionaire.com/2015/08/the-5-secrets-of-successful-first-time.html">The 5 Secrets of Successful First-time Home Buyers</a> &mdash; Don't obsessively try to time the market. The best time to buy is when you find the perfect, affordable house. [Aspiring Millionaire]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.themoneyprinciple.co.uk/how-to-tackle-debt-when-youre-in-a-relationship/">How to Tackle Debt When You&rsquo;re in a Relationship</a> &mdash; If you and/or your partner has debt, it might make sense to tackle all debts together instead of each person handling their own debt. [The Money Principle]</p> <p><a href="http://www.kiplinger.com/article/spending/T063-C000-S001-save-money-without-looking-like-a-cheapskate.html">Save Money Without Looking Like a Cheapskate</a> &mdash; These days, it's easier than ever to compare prices and find deals when you shop online. [Kiplinger]</p> <p><a href="http://www.carefulcents.com/use-online-press-find-clients/">Get Mentioned in the Media: How to Use Online Press to Find Freelance Clients</a> &ndash; You don&rsquo;t need to pay a PR agent to get your name out there. Use Help A Reporter Out to connect with journalists and writers who may want to feature you in a story. [Careful Cents]</p> <p><a href="http://www.moneyunder30.com/how-to-pay-for-graduate-school">Graduate (Less) Broke: Tips To Pay For Grad School Wisely</a> &mdash; Federal loans for grad school tend to give you more flexibility, but it's worth it to check if you can get better rates from private lenders. [Money Under 30]</p> <p><a href="http://parentingsquad.com/what-to-ask-and-tell-your-childs-new-teacher">What to Ask and Tell Your Child's New Teacher</a> &mdash; Get to know the educator's teaching style and help her get to know your child! [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/amy-lu">Amy Lu</a> of <a href="http://www.wisebread.com/best-money-tips-habits-of-highly-successful-people">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-15"> <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/13-things-successful-people-do-every-morning">13 Things Successful People Do Every Morning</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-productivity-tips-from-visionaries">10 Productivity Tips From Visionaries</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/5-things-to-remember-every-time-you-face-a-financial-failure">5 Things to Remember Every Time You Face a Financial Failure</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/the-surprising-truth-of-investing-mediocre-advice-is-best">The Surprising Truth of Investing: Mediocre Advice Is Best</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/8-ways-a-side-hustle-can-advance-your-career">8 Ways a Side Hustle Can Advance Your Career</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Productivity best money tips success Wed, 19 Aug 2015 19:00:25 +0000 Amy Lu 1530072 at http://www.wisebread.com 7 Things Successful Millennials Do http://www.wisebread.com/7-things-successful-millennials-do <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-things-successful-millennials-do" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/000057439872.jpg" alt="Group of millennials learning how to be successful" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Who doesn't want to be successful? People spend millions of dollars a year trying to learn how to do it &mdash; whether in business or for their personal lives. (The most popular books on Amazon are, you guessed it, books on how to be successful.) Even successful people scour resources to learn how to be more successful.</p> <p>But for <a href="http://www.wisebread.com/5-facts-millennials-should-know-about-retirement-planning">Millennials</a>, the definition of success &mdash; and the path there &mdash; is a little bit different. Work hard, stay focused, and consider these seven steps for becoming a successful millennial.</p> <h2>1. Invest and Save</h2> <p>Successful Millennials know that if there ever was a motto in life to follow, it should be &quot;Invest and save.&quot; In fact, being young is your best investment advantage. You have time on your side &mdash; and all that time means that your money has the best chance to grow, thanks to the power of compounding. The first place you will probably invest is in your employer-provided 401(k) or IRA; successful Millenials aim to save at least 5%&ndash;10% of their income now, in order to reap big rewards later.</p> <h2>2. Healthy = Wealthy</h2> <p>Successful Millenials know that being healthy not only leads to feeling better, but also to being more successful in all areas of life. Following a consistent workout schedule coupled with eating well is a strong recipe for success. With online tools such as <a href="http://www.youtube.com/channel/UCFKE7WVJfvaHW5q283SxchA">Yoga with Adriene</a>, and cooking sites like <a href="http://www.spoonuniversity.com">Spoon University</a>, there are no excuses for not learning how to eat well and workout on a budget.</p> <h2>3. Learn and Learn Some More</h2> <p>Successful Millennials never stop learning. Forget the fancy (aka expensive) degrees. It's never been easier to follow the old adage, &quot;learn something new each day.&quot; Acquiring new skills will eventually lead to more job opportunities and salary increases. Millennials are also a large part of the new entrepreneur generation that emerged during the economic downturn. Successful Millennials have taken that entrepreneurial spirit on, and dedicated themselves to reading at least one new article a day, investigating new career opportunities, and growing their skill base by utilizing free and low-cost online learning with sites like <a href="http://www.lynda.com">Lynda.com</a> and <a href="http://www.udemy.com">Udemy</a>.</p> <h2>4. Travel Your Way</h2> <p>Successful Millennials don't just sit back and watch life pass them by; they travel, and travel a lot. The world is more accessible than ever, and with good financial strategies to utilize credit card reward points, and lodging alternatives like Airbnb, budget traveling has never been easier. Successful Millennials not only like to travel, but they are far better at balancing life and taking time off to recharge than their older counterparts.</p> <h2>5. Perfect Your Passion</h2> <p>Successful Millennials charge head first into developing their passion and never look back. There are so many career options that didn't exist even a few years ago. YouTube stars are making six-figure salaries, bloggers are traveling the world and making a solid living, entrepreneurs are launching ideas funded with startup money that is now more accessible, and new careers are emerging in areas of social media and marketing. The most successful Millennials find a way to infuse their passion into their career, and if that career doesn't exist, they simply create it.</p> <h2>6. Give Back</h2> <p>Successful Millennials love to make money, but more than anything, they love to give back and affect change. Millennials love to find ways to better society, such as companies like <a href="http://www.toms.com">Toms</a> that donate a pair of shoes for every shoe purchased, or entrepreneurs like <a href="http://www.detroitdirt.org">Detroit Dirt's</a> own Pashon Murray who makes money by giving back to her growing community. Successful Millennials know that giving back is not just about money, but also about offering skills and talents that can change their community in new and inventive ways.</p> <h2>7. Redefine Wealth</h2> <p>Successful Millennials understand that the old-school definition of wealth no longer exists. The 1980s version of wealth, with BMWs and classic clothing, bores successful Millennials. For them, wealth is about all of the steps in this list. It's about creating a life and a lifestyle that infuses their passions, skills, talents, mindset, and vision of the world together to create a better financial future. Successful Millennials know that no matter how much (or how little) money you have, you can always be wealthy if you've created a life as true and original to you as possible.</p> <p><em>What steps are you going to take to become a successful Millennial?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/shannah-game">Shannah Game</a> of <a href="http://www.wisebread.com/7-things-successful-millennials-do">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/6-ways-millennials-have-changed-money-so-far">6 Ways Millennials Have Changed Money (So Far)</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/its-the-21st-century-why-is-your-money-stuck-in-the-20th">It&#039;s the 21st Century — Why Is Your Money Stuck in the 20th?</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/21-things-that-young-adults-absolutely-need-to-know-about-money">21 Things That Young Adults Absolutely Need to Know About Money</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/dont-leave-college-without-making-these-5-moves-for-financial-success">Don&#039;t Leave College Without Making These 5 Moves for Financial Success</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/financial-tricks-to-master-for-a-happier-life">Financial Tricks to Master for a Happier Life</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance career entrepreneurs investing millennials success young professionals Tue, 04 Aug 2015 13:00:15 +0000 Shannah Game 1507541 at http://www.wisebread.com 6 Skills That Helped Your Boss Get Ahead http://www.wisebread.com/6-skills-that-helped-your-boss-get-ahead <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-skills-that-helped-your-boss-get-ahead" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_triumphant_000038262530.jpg" alt="Man using skills to help him get ahead like his boss" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Do you ever look at your boss and wish you had his or her job? Or maybe you wonder how in the world they got to where they are, given the fact that you are struggling with your own position.</p> <p>The fact of the matter is, somehow your boss got ahead. They stood out from the rest. Here are some of the <a href="http://www.wisebread.com/8-life-skills-every-freelancer-needs">skills</a> that helped them land that big promotion &mdash; and that can help you, too!</p> <h2>1. Cut the Negativity</h2> <p>No one likes being around someone who is always negative. It's hard, and eventually you either get dragged into their negativity, or you have to put distance between the negative person and yourself. So don't be that person!</p> <p>Yes, every workplace probably has something to be negative about. Maybe it's a rough time of year, or you're currently being asked to do someone else's job on top of your own. But keep the negativity to yourself.</p> <p>Being negative drags everyone down, and companies don't promote people who are going to make teamwork harder. When your boss got promoted, it's likely that he or she was known for being positive or, at least, for keeping negative comments in. Do the same if you want to get ahead.</p> <h2>2. Line Up the Right Support</h2> <p>Most of us can't be the lone wolf at work. We need some sort of support to be able to do our jobs successfully. When we aren't getting that, we won't perform as well and, therefore, will be less likely to get ahead.</p> <p>In today's work environment, it often falls to the individual to find the support he or she needs to get the job done. Be proactive and ask your boss for a meeting. Go over expectations, especially if you feel like these aren't clear. Ask your boss how they prefer to manage and work from there. For instance, a boss who prefers weekly check-in meetings may be willing to let you have two weeks between meetings, especially if you've proven yourself trustworthy and can show how the extra time would help you do your job better.</p> <p>Getting the support they need is something your boss most likely excels at, and one of the skills they used to do their job well enough to get ahead. Figure out what you need in order to exceed expectations and ask for it.</p> <h2>3. Take on Challenges</h2> <p>Taking on something that is new, different, or difficult is scary, especially when you feel like your livelihood may depend on it. However, being willing to take on a challenge, being the person who steps forward and says &quot;I'll do it!&quot; makes a huge difference when it comes to getting ahead.</p> <p>Think about it this way: When you are considering who you want to lead something, do you want a person in charge who isn't daunted, who can outthink and outmaneuver obstacles, or do you want someone who is afraid, stuck in an old way of doing things, and who can't think outside the box? Most of us want the first kind of person.</p> <p>Even if your boss seems stuck in her ways now, it's likely she was once willing to innovate and take risks. Be the person who steps up to the challenge, and you can be the one who gets ahead, too.</p> <h2>4. Understand the Current Goals</h2> <p>If you want to get ahead, make sure you understand your organization's current goals and how your job fits into those. See your work as part of the whole and make sure you are doing your best to make the whole function well.</p> <p>It's easy to get lost in the details of your job and to forget about the role you are playing in the overall company. It's also easy to misunderstand where your company is currently focused. For instance, you may think that your company is trying to land new accounts, when the current focus is actually on giving existing clients a better experience.</p> <p>Most people who get ahead in a company do so because someone thinks they will be able to help the company achieve their current goals. You boss probably focused on these when he was working to get ahead, and doing the same should help you, too.</p> <h2>5. Take Responsibility for Your Mistakes</h2> <p>It may seem counterintuitive to think that owning your mistakes will help you get ahead. However, taking full responsibility for yourself and your actions generates trust, and so it helps you build stronger relationships with both your coworkers and your clients/customers.</p> <p>Before you can take responsibility for any errors, you need to know your own role. Make sure you really know it, inside and out, so that you can honestly tell someone whether a mistake was yours or whether it occurred elsewhere. If you did make a mistake, be sure to apologize and, if necessary, change the way you do things so that it doesn't happen again.</p> <p>Most managers have, at some point in their career, demonstrated their ability to own their role, including any mistakes that are made. If it helped your boss get to where she is today, it can help you get ahead, too.</p> <h2>6. Find the Right Communication Style</h2> <p>Different people communicate in different ways. We use different words, different tones, and even different body language when we talk to one another. When you use your boss's communication style, you are more likely to get ahead because you'll be more likely to persuade him of the points you try to make and because he will see you as compatible with the overall company.</p> <p>Before you do this, you have to determine how your boss communicates. Listen to the words he says, whether he speaks quietly or loudly, quickly or slowly, and how he uses his hands, face, and body when he is speaking. Then try to do some of these same things when you are communicating with him and with your team.</p> <p>Matching communication styles probably helped your boss get ahead, and working to do it will help you, too. Don't worry about being false, because the ideas you want to communicate will be the same as they would be if you were using your natural communication style.</p> <p><em>How are you trying to get ahead at work? Is it helping you?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/sarah-winfrey">Sarah Winfrey</a> of <a href="http://www.wisebread.com/6-skills-that-helped-your-boss-get-ahead">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/7-tips-for-better-workplace-body-language">7 Tips for Better Workplace Body Language</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/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-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-ways-youre-sabotaging-your-next-promotion">5 Ways You&#039;re Sabotaging Your Next Promotion</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-ways-to-bug-your-boss-for-more-money-and-get-it">4 Ways to Bug Your Boss for More Money – and Get It!</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/ace-your-next-performance-review-with-these-7-tricks">Ace Your Next Performance Review With These 7 Tricks</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building boss jobs Office promotions skills success Thu, 09 Jul 2015 17:00:11 +0000 Sarah Winfrey 1478349 at http://www.wisebread.com Don't Leave College Without Making These 5 Moves for Financial Success http://www.wisebread.com/dont-leave-college-without-making-these-5-moves-for-financial-success <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/dont-leave-college-without-making-these-5-moves-for-financial-success" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/new_graduates_000063091987.jpg" alt="New grads leaving college maving moves for financial success" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Graduating from college is both an exciting and stressful time as a young adult. The economy is not what it used to be, so there are a lot more unknowns about the future. On the flip side, there has never been a better time to be <a href="http://www.wisebread.com/making-your-own-luck-is-no-secret">make your own luck</a>, carve out a different career path, or make strides towards financial goals.</p> <p>Here are five of the best financial moves you can make as a <a href="http://www.wisebread.com/this-recent-grad-paid-off-34k-in-sudent-loans-and-launched-a-business-in-just-4-years">college grad</a> to ensure a successful future.</p> <h2>1. Don't Wait to Invest &mdash; Time Is on Your Side</h2> <p>One unique advantage that college grads have (as compared to older individuals) is the fact that time is on your side. The best time to start investing in your future is now because of the power of compounding interest.</p> <p>This example from Get Rich Slowly explains it plainly. Let's say you're 20 years old and make a one-time $5,000 retirement savings deposit into a Roth IRA account that earns an 8% return. If you don't touch these funds until retirement at age 65, you'll have <a href="http://www.getrichslowly.org/blog/2008/04/02/the-extraordinary-power-of-compound-interest/">$180,000 saved up</a>. However, if you wait until age 40 to make that one-time $5,000 contribution, earning the same 8% return and not touching the money until age 65, you'll only have $40,000 in the account.</p> <p>The difference is $130,000 in free money gained from interest simply because you waited 20 years to start saving. A small amount of money, saved or invested over time, can add up to quite a bit the more time it has to grow. That's the magic of compounding interest and why you must start making financial moves now. Don't wait!</p> <h2>2. Determine Your First Priority</h2> <p>Do you have student loan debt? Do you have a car payment? Do you want to travel and have adventures? Do you plan to get married and have a family? In other words, what are your goals?</p> <p>Determine what's most important to you, in order of when you expect these life events to happen. Then prioritize these goals and create a financial plan for how to accomplish them. If you plan on paying down debt, it's time to cut back spending and increase your income as much as possible. Consider taking on freelance work or a part-time job on the weekends.</p> <p>If you want to <a href="http://www.wisebread.com/how-to-travel-full-time-for-17000-a-year-or-less">become a digital nomad</a> and travel the world, you'll have to create a plan to sell your belongings, save up money, and prepare to live in different countries. Make your goals a priority and create a plan to pursue them.</p> <h2>3. Make Saving Money Automatic</h2> <p>Thanks to <a href="http://www.wisebread.com/5-microsaving-tools-to-help-you-start-saving-now">new microsaving tools</a>, there are lots of ways to automate the saving process. Something as small as $10 a week, or $25 a month is better than not saving anything. You can choose a free service to help you create goals and set up automatic transfers each month, or open a new savings account at your local bank and make recurring deposits on your own.</p> <p>However you prefer to save money, the important thing is to make saving money easy and automatic. You don't want to turn it into a weekly task where you have to make a deposit transfer each month. You'll eventually tire of this and give up on the process.</p> <h2>4. Keep Investments Simple</h2> <p>Investing usually comes off as a complicated and confusing topic, which turns many of us off to taking steps down that path. But don't let this barrier stop you. Keep your investing strategy simple and only put your money into retirement vehicles if it makes sense.</p> <p>Don't worry about stock market trading, or staying up on the latest economic news. Simply sign up for your employer's 401K, or open a Roth IRA or CD at your local bank and start putting small chunks of money away every month. Diversification is important, but you don't want it to get overly complicated. Keep it sweet and simple until you get comfortable with investing basics.</p> <h2>5. Find a Mentor</h2> <p>One of the best ways to decrease the process of learning, and save yourself loads of headaches, is to <a href="http://www.wisebread.com/6-small-business-mentors-you-can-access-for-nearly-free">find an expert or mentor</a> to learn from. If you want to learn more about starting a business, work with a business coach or other successful business person who can mentor you.</p> <p>If you want to learn more about investing and building a portfolio, find a smart investor you want to pattern yourself after. A mentor can teach you things based on their life experiences, and pass along ideas and tips that wouldn't otherwise be available to you.</p> <p>Enjoy the time you have as a recent college grad, but don't let too much time go by before taking steps towards these financial moves. Time is on your side &mdash; don't wait!</p> <p><em>Are you a recent college grad? What are your plans for the near future?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/carrie-smith">Carrie Smith</a> of <a href="http://www.wisebread.com/dont-leave-college-without-making-these-5-moves-for-financial-success">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-4"> <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/5-money-moves-to-make-the-moment-you-graduate">5 Money Moves to Make the Moment You Graduate</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-unique-ways-millennials-are-dealing-with-student-loan-debt">7 Unique Ways Millennials Are Dealing With Student Loan Debt</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/21-things-that-young-adults-absolutely-need-to-know-about-money">21 Things That Young Adults Absolutely Need to Know About Money</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/when-should-you-start-saving-for-your-child-s-education">When Should You Start Saving for Your Child’s Education?</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/what-every-parent-should-know-about-the-new-college-financial-aid-rules">What Every Parent Should Know About the New College Financial Aid Rules</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Education & Training college grads investing success Tue, 23 Jun 2015 09:00:10 +0000 Carrie Smith 1462302 at http://www.wisebread.com Best Money Tips: Success Tips From Successful People http://www.wisebread.com/best-money-tips-success-tips-from-successful-people <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-success-tips-from-successful-people" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/successful_woman.jpg" alt="successful business woman with tips on how to be successful" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some great articles on tips from successful people, ways to save on entertainment, and the ultimate spring cleaning checklist.</p> <h2>Top 5 Articles</h2> <p><a href="http://pinching-pennies.com/2015/03/top-10-tips-from-10-successful-people-on-becoming-successful/">Top 10 Tips from 10 Successful People on Becoming Successful</a> &mdash; You may be tempted to spend your profits &mdash; don't! Warren Buffet suggests reinvesting your profits instead. [Pinching Pennies]</p> <p><a href="http://moneysoldiers.com/2015/03/14/4-ways-save-money-entertainment-2015/">4 Ways To Save Money On Entertainment In 2015</a> &mdash; Buying in bulk works for entertainment, too! Gather your friends (and friends of friends) to enjoy the savings from group discounts. [Money Soldiers]</p> <p><a href="http://commoncentsmom.com/2015/03/the-ultimate-spring-cleaning-check-list/">The Ultimate Spring Cleaning Checklist</a> &mdash; Washing your walls and baseboards with a simple mix of vinegar, baking soda, and water will make a huge difference! [Common Cents Mom]</p> <p><a href="http://www.popsugar.com/smart-living/Best-Websites-Save-You-Money-35457232">40+ Incredible Websites That Will Save You Tons of Money</a> &mdash; Give stuff and get stuff on Yerdle &mdash; for free! All you need to pay is shipping. [PopSugar Smart Living]</p> <p><a href="http://www.goodfinancialcents.com/hobbies-that-make-money">16 Hobbies That Can Actually Make You Money</a> &mdash; If you like sports, look into refereeing! Schools and recreation leagues are always on the hunt for qualified referees. [Good Financial Cents]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.carefulcents.com/become-a-freelance-writer/">How to Become a Freelance Writer in 30 Days or Less (and Make $4,000 a Month)</a> &mdash; Begin building a writing portfolio to showcase your work. You might need to write for free for a while, but you'll get exposure, traffic, and the start of a reputation. [Careful Cents]</p> <p><a href="https://www.dailyworth.com/posts/3402-how-to-buy-a-mattress">10 Tips for Saving on Your Next Mattress</a> &mdash; Don't be swayed by the product names! Focus on how the mattresses feel. [Daily Worth]</p> <p><a href="http://blog.phroogal.com/7-times-absolutely-rethink-getting-loan/">7 Times You Should Absolutely Rethink Getting a Loan</a> &mdash; If your bank won't say &quot;yes&quot; without a co-signer, then you probably have bigger issues with your finances to deal with. Improve your finances first, then get a loan when you can qualify on your own. [Phroogal Blog]</p> <p><a href="http://www.aspiringmillionaire.com/2015/03/6-ways-for-kids-to-earn-money-that.html">6 Ways for Kids to Earn Money That Aren't Lemonade Stands</a> &mdash; A great way for adults to make extra money is to get crafty and sell their wares &mdash; kids can do the same! [Aspiring Millionaire]</p> <p><a href="http://parentingsquad.com/5-ways-parents-can-de-stress-their-daily-routine">5 Ways Parents Can De-Stress Their Daily Routine</a> &mdash; Washing and putting away one load of laundry a day will help reduce pile-ups of dirty clothes &mdash; and time spent trying to catch up on those pile-ups! [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/amy-lu">Amy Lu</a> of <a href="http://www.wisebread.com/best-money-tips-success-tips-from-successful-people">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-5"> <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/3-unbelievable-visualization-board-success-stories">3 Unbelievable Visualization Board Success Stories</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/how-to-embrace-failure-keep-going-and-win">How to Embrace Failure, Keep Going, and Win</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/forget-your-weaknesses-and-build-on-your-strengths-to-find-success">Forget Your Weaknesses and Build on Your Strengths to Find Success</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/successful-women-have-these-7-things-in-their-bags-do-you">Successful Women Have These 7 Things in Their Bags — Do You?</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/execution-not-ideas-is-key-duh">Execution, Not Ideas, is Key. Duh!</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Development best money tips success Thu, 19 Mar 2015 19:00:08 +0000 Amy Lu 1347459 at http://www.wisebread.com The 8 Worst Things Good Employees Do http://www.wisebread.com/the-8-worst-things-good-employees-do <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-8-worst-things-good-employees-do" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_work_000020741145.jpg" alt="Woman at work contemplating" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Most of us like to think of ourselves as good employees. We show up for work on time, do our jobs to the best of our abilities, are team players, and put in more than enough hours. But, even good employees can commit career sins &mdash; and most of the time we don't even know we're doing it. (See also: <a href="http://www.wisebread.com/12-reasons-you-deserve-to-get-fired?ref=seealso">12 Reasons You Deserve to Get Fired</a>)</p> <p>Read on to learn the eight worst things good employees do.</p> <h2>1. Buckle Under Pressure</h2> <p>Some jobs are super high stress &mdash; and that can take a toll on an employee after an extended period of time. But as a professional, it's your duty to take these situations in stride and weather the storm to the best of your ability. The last thing you want to do is send the impression that you're just not cut out for your position.</p> <p>&quot;There are times when the environment of the workplace, company culture, or pressure from coworkers, peers, and upper management may influence [good employees] to act outside of their normal behavioral pattern,&quot; says Michael Lan, senior resume consultant at Resume Writer Direct. &quot;Being pressured to meet a quota within a certain deadline, or accomplishing a number of set goals and tasks increases an employee's stress level. Some employees will consequentially buckle under this pressure and make questionable or 'bad' decisions in order to keep up with demands.&quot;</p> <p>You should always strive to handle yourself with poise, but if you think your work demands are consistently unreasonable, schedule a meeting with your boss to discuss.</p> <h2>2. Make Too Many Excuses or Apologize Too Much</h2> <p>&quot;Over-justifying or over-communicating why something isn't ready is a horrible habit I've seen employees fall into,&quot; explains Michelle Brammer, marketing manager for eZanga. &quot;When employees over-justify or give too much communication as to why a task isn't complete, I'm left questioning their judgment or dedication to their job.&quot;</p> <p>As a result, Brammer says, the barrage of apologies may come off like you can't manage multiple tasks or responsibilities &mdash; and that's never a good look. Instead, simply reaffirm your commitment to completing the over-due task ASAP and deliver. If there's something meaningful preventing you from timely completion, by all means do discuss it with your boss.</p> <h2>3. Blend Into the Crowd</h2> <p>Know what happens to the rank-and-file? They get lost in a sea of nobodies just doing their jobs. Is that who you want to be? Let's hope not.</p> <p>&quot;Between being a showy braggart and muffling your hard work, there's a comfortable middle road that you must find in order to claim the benefits of your labor,&quot; offers Constance Dunn, communication and manners expert and author of <a href="http://www.amazon.com/gp/product/0978761022/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=0978761022&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=FNSTO6IUTD6ATBA4">Practical Glamour: Presenting Your Most Beautiful &amp; Polished Self</a>. &quot;Otherwise, you might find yourself plodding about in the same role, year after year, while others &mdash; perhaps less talented others &mdash; sprint ahead with promotions and raises.&quot;</p> <p>In an effort to avoid this trap, Dunn suggests making it your business to socially congregate with co-workers, even if it's standing around the coffee machine or going for a coffee run with the pack.</p> <p>&quot;Don't wait for them to ask you what you're working on; go ahead and offer interesting tidbits about your current projects in a conversational way,&quot; she says. &quot;This is one strategy to increase your visibility and communicate your competency in the workplace.&quot;</p> <h2>4. Rest on Their Laurels</h2> <p>Becoming a sheep is one thing, but giving up on career advancement altogether is a whole other ballgame &mdash; and one in which you ought not be participating. You don't want to be just a good employee; you should get up every morning to be the best employee. That's the only way you'll see the kind of promotion you dream of &mdash; but you have to work for it.</p> <p>&quot;The worst things good employees do is to not tactfully push to advance their careers,&quot; says David T. Waring, editor of FitSmallBusiness. &quot;Often times good employees trust that good work will be rewarded automatically. Especially in larger companies, this is not always the case, and often times it's the squeaky wheel that gets the grease. While good employees do not want to turn into whiners, making sure that you keep yourself top of mind with those that have the power to advance your career is simply good business.&quot;</p> <h2>5. Allow a Lack of Self-Confidence to Hinder Success</h2> <p>Ever had an idea in a meeting, but were too afraid to lay it out there for fear of sounding stupid or getting that condescending &quot;Really?&quot; look from the boss? I have, so I feel your pain. But keeping mum on a creative or productive idea is never going to help your cause &mdash; ever.</p> <p>Jason M. Schulz, benefits consultant and retired U.S. Army Captain, agrees.</p> <p>&quot;[Some employees are] afraid to speak up when appropriate to do so for fear that they will be ostracized, but then complain later around the water cooler,&quot; he says. &quot;Truth is, most of those employees that think their idea is great when they hear it at the water cooler, really want them to voice their opinion when asked by the boss. And managers aren't just asking for ideas for their health; they genuinely want to see things from the workers' perspective.&quot;</p> <h2>6. Micromanage</h2> <p>I quit a job because I was being micromanaged; it's bad news for a control freak like me (who also has a tendency to micromanage; I'll admit it). The people with whom <em>you</em> work don't like it either &mdash; trust me. So if you have a propensity to be this kind of pest &mdash; yes, I said a <em>pest</em> &mdash; stop it immediately.</p> <p>John J. Brady, executive director and principal of Protem Partners, reminds us that if you can't identify the micromanager in the office, it might just be you.</p> <p>&quot;Most micromanagers do not realize that this label applies to them. They get great feedback as they hold themselves and members of their team to a very high level,&quot; he says. &quot;The problem is, they fear anything less than perfection will hurt their hard-earned credibility, and their very image of perfection gets distorted such that they fail to see the inefficiencies they create and, in most cases, the errors they create by sending a message that only they are competent. Dysfunction and burnout are the usual results.&quot;</p> <h2>7. Work More Than They Contribute</h2> <p>Brady also details the fine line between working and contributing &mdash; two very different things &mdash; that could be holding you back.</p> <p>&quot;Many employees feel insecure about their station at work and, as such, never take vacations, send emails at crazy hours and, in an effort to make sure their commitment is known, talk about it [incessantly],&quot; he says. &quot;Every major study shows that quality and productivity falls after a certain number of hours and without proper breaks from work. The result is that they do good work instead of great work, and they come off as a martyr to management and to colleagues. It doesn't help their career, let alone anyone else's, and isolation is a frequent result.&quot;</p> <p>The takeaway? Relax, boo, you got this. Strive for success, but not <em>too</em> hard, and enjoy a day (maybe a week even) to yourself once in a while.</p> <h2>8. Fail to Think About the Boss's Objectives</h2> <p>Most of us are so busy at work concentrating on our own tasks that we don't give a second thought to what may be on other people's plates, particularly the boss's. It's in your best interest to squash this bad habit today.</p> <p>&quot;Many excellent employees get nothing but stellar feedback, but wonder why they never get promoted,&quot; Brady explains. &quot;At a minimum, you need to think about the business from at least one level up, and then frame your work to fit that set of objectives. Doing a great job at one level doesn't lead management to presume you could excel at the next level, unless you are consistently showing that you know how your current work fits into a larger framework.&quot;</p> <p>Something to consider the next time you're up for review.</p> <p><em>Are any of these habits yours? Or are there other worst things you've seen your good coworkers do?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mikey-rox">Mikey Rox</a> of <a href="http://www.wisebread.com/the-8-worst-things-good-employees-do">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-4"> <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-simple-steps-to-discovering-your-true-salary-potential">6 Simple Steps to Discovering Your True Salary Potential</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/5-things-people-who-have-their-dream-jobs-do">5 Things People Who Have Their Dream Jobs Do</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/3-weird-ways-people-get-promoted">3 Weird Ways People Get Promoted</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/8-signs-you-should-quit-your-job">8 Signs You Should Quit Your Job</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income boss fired layoff promotion raise success Fri, 27 Feb 2015 10:00:12 +0000 Mikey Rox 1309035 at http://www.wisebread.com The 7 Most Successful Women Investors http://www.wisebread.com/the-7-most-successful-women-investors <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-7-most-successful-women-investors" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000031219722_Large.jpg" alt="businesswoman telescope" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>When you hear &quot;successful investors,&quot; who comes to mind? Maybe Warren Buffett, Carl Icahn, or Ron Perelman? Often, there isn't a single woman in the bunch. This article means to change that. (See also:<a href="http://www.wisebread.com/5-investors-with-better-returns-than-warren-buffett?ref=seealso"> 5 Investors With Better Returns Than Warren Buffett</a>)</p> <p>Below are seven women who have bucked the stereotype and built enormously successful investment careers despite the &quot;old boys&quot; club of finance.</p> <h2>1. Geraldine Weiss</h2> <p>Though she was a top finance student at the University of California, not a single investment firm considered Weiss for a role beyond being a secretary. She refused to be deterred from having her say, so she started <a href="http://www.iqtrends.com/index.htm">Investment Quality Trends (IQT)</a>, a finance newsletter. When she started receiving hate mail from people who said a woman wasn't capable of giving investment advice, she began to sign her newsletter &quot;G. Weiss&quot; and soldiered on. That was 50 years ago. Today she remains one of the most successful and prolific investors, analysts, writers, lecturers, and TV personalities in the world of finance.</p> <h2>2. Muriel Siebert</h2> <p>In 1967, the NYSE was a world where no woman-owned brokerage firm had ever gone before. Siebert changed that. Despite blatant and constant attempts to keep her brokerage firm, <a href="https://www.siebertnet.com/">Muriel Siebert &amp; Co.</a>, from registering with the NYSE, she refused to take &quot;no&quot; for an answer. Unfortunately, her company remains the only woman-owned national brokerage firm on the NYSE today. Siebert passed away in 2013 leaving a rich legacy in finance and politics that continues to inspire and encourage women today.</p> <h2>3. Lubna S. Olayan</h2> <p>Saudi Arabia is known for the stifling limitations it places on women in the social, political, and business realms. Olayan didn't let that stop her. After building an illustrious career in finance rising through the ranks of <a href="http://www.olayan.com/">Olayan Finance Company</a>, a conglomerate of 40 manufacturing firms, she is now the CEO. Despite her heritage, she often faces intense criticism. She does so with grace and strength, and refuses to let the ignorance and oppression of the Saudi government limit her. She serves as a pillar of courage to women in the Middle East and all over the world.</p> <h2>4. Deborah A. Farrington</h2> <p><a href="http://www.starvestpartners.com/">StarVest Partners</a> is a behemoth in the world of venture capital, where Farrington is a co-founder. She's also served as President and CEO of Victory Ventures, LLC; Chairman of Staffing Resources, Inc; and continues to hold numerous director and committee roles at technology companies, Smith College, and Harvard (her alma maters), and a leading international microfinance organization.</p> <h2>5. Marianne Abib-Pech</h2> <p>After a successful business career that included stints at Arthur Andersen, GE, and Shell International Petroleum, Abib-Pech struck out on her own. She boldly moved to Hong Kong to write an investment book and founded <a href="http://leadthefuture.biz/">Lead the Future (LTF)</a>, a leadership consulting firm, financial advising, and thought leadership platform rolled into one. High-profile oil and gas companies are among her diverse clients.</p> <h2>6. Kathy Xu</h2> <p>Warren Buffett is known for only investing in concepts he can understand. He doesn't jump on fads and isn't persuaded by paper-thin trends. Kathy Xu, arguably the most successful investor in China (male or female), is known for her prudence and shrewd decisions. Once she makes an investment, she's in it for the long haul. Xu started her Shanghai-based private equity firm, <a href="http://capitaltoday.com/eng/index.html">Capital Today</a>, 10 years ago and her track record is impeccable. Her latest jewel? The IPO of JD, China's second largest e-retailer.</p> <h2>7. Nehal Chopra</h2> <p>Since the last recession cycle started in 2007, hedge funds and their managers have been hammered by less-than-appealing returns. Ratan Capital Management, the firm founded by Chopra, has bucked that trend to the envy of every other hedge fund manager, often returning 20%+. At 35, she oversees $750 million in assets.</p> <p>What truly impresses me about these women is that they didn't let criticism and negativity stop them from reaching for their goals. In fact, they seemed to use it as fuel to reach higher. They're role models for all of us &mdash; women and men alike.</p> <p><em>Who inspires you to invest and save more?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/christa-avampato">Christa Avampato</a> of <a href="http://www.wisebread.com/the-7-most-successful-women-investors">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-6"> <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/5-investors-with-better-returns-than-warren-buffett">5 Investors With Better Returns Than Warren Buffett</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-3-best-books-to-start-investing-today">The 3 Best Books to Start Investing 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/the-surprising-truth-of-investing-mediocre-advice-is-best">The Surprising Truth of Investing: Mediocre Advice Is Best</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/is-paying-off-your-mortgage-early-costing-you-money">Is Paying Off Your Mortgage Early Costing You Money?</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-steps-to-getting-started-in-the-stock-market-with-index-funds">3 Steps to Getting Started in the Stock Market With Index Funds</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Investment business women investing success Wall Street Fri, 20 Feb 2015 14:00:09 +0000 Christa Avampato 1299816 at http://www.wisebread.com 5 Investors With Better Returns Than Warren Buffett http://www.wisebread.com/5-investors-with-better-returns-than-warren-buffett <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-investors-with-better-returns-than-warren-buffett" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000030361712_Large.jpg" alt="man reclining at desk" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>When you're referred to as the &quot;Sage&quot; or &quot;Oracle,&quot; you know you're doing things right.</p> <p>Born in 1930, Warren Buffett is regarded as one of the most successful investors in history. The Oracle of Omaha gets a great deal of attention because he's not only down to business, but also down-to-earth. Despite his multi-billion fortune, he still lives in his modest home in Omaha, Nebraska. (See also: <a href="http://www.wisebread.com/7-stocks-warren-buffett-loves-and-you-should-too?ref=seealso">7 Stocks Warren Buffett Loves - And You Should Too</a>)</p> <p>However, there are several critics that claim that <a href="http://www.nytimes.com/2014/04/06/business/the-oracle-of-omaha-lately-looking-a-bit-ordinary.html?_r=1">Buffett's performance</a>, particularly since 2009, is more myth than reality. Here are five investors who give Buffett a run for his money.&nbsp;(See also: <a href="http://www.wisebread.com/self-made-billionaires-investment-lessons-from-their-success?ref=seealso">Self-Made Billionaires: Investment Lessons From Their Success</a>)</p> <h2>1. Carl Icahn</h2> <p>Just like the entertainment world has the &quot;Colbert Bump,&quot; the world of investments has the &quot;Icahn Lift.&quot; The Icahn Lift describes the surge in stock price when Carl Icahn starts acquiring shares in a company.</p> <p>Born in New York City, Icahn has, in some ways, an arguably better record than Buffett. From 1968 through 2011, Icahn grew his original $100,000 investment in his firm at a <a href="http://www.kiplinger.com/article/investing/T052-C000-S002-carl-icahn-better-investor-than-buffett.html">31% annual rate</a>, while Buffett's Berkshire Hathaway had &quot;only&quot; a 20% annual growth rate. This statistic doesn't offer a full picture of each investor's stock picks, but it's a meaningful point of comparison.</p> <p>Despite his impressive record, there are two main reasons why Icahn is not as popular as Buffett. First, he is one of the most well known &quot;corporate raiders&quot; or &quot;shareholder activists.&quot; Picture a financial Robin Hood of sorts that steals from the greedy, inept managers to give back to the shareholders. By following this strategy, Icahn has challenged several well-known businessmen, such as former Time Warner CEO Richard Parsons, and received plenty of criticism from the media. Second, Icahn's quirky ways and contrarian investment strategies aren't as easy to digest for the average investor as Buffett's charming comments and no-nonsense investment style.</p> <p>But at the end of the day, money talks. And Icahn's cash is very loud!</p> <h2>2. George Soros</h2> <p>Born in Hungary in 1930, George Soros is a renowned hedge fund manager and one of the world's greatest investors.</p> <p>Unlike Buffett's slow-and-steady approach, Soro's strategy is to take bold, yet very profitable, bets. He is best known for his September 16, 1992 transaction, when he made a single-day <a href="http://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp">gain of $1 billion dollars</a> by short selling the British pound (a short sale is a bet that the value of something will drop). This successful bet earned him the nickname of &quot;the man that broke the Bank of England,&quot; and cemented his reputation as one of the premier currency speculators in the world.</p> <p>Soros continues to make headlines. For example, as of September 2014, his investment firm held a <a href="http://www.gurufocus.com/news/276957/george-soros-20-billion-bet-on-a-stock-market-collapse">$2.0 billion bet</a> that the U.S. stock market would collapse. Will he be right again and make a huge fortune? Only time will tell.</p> <h2>3. Peter Lynch</h2> <p>While you may not his name, you've heard one or more of his investment mantras:</p> <ul> <li>&quot;During the Gold Rush, most would-be miners lost money, but people who sold them picks, shovels, tents, and blue-jeans (Levi Strauss) made a nice profit.&quot;<br /> &nbsp;</li> <li>&quot;Know what you own, and know why you own it.&quot;<br /> &nbsp;</li> <li>&quot;Never invest in any idea you can't illustrate with a crayon.&quot;<br /> &nbsp;</li> <li>&quot;All the math you need in the stock market you get in the fourth grade.&quot;</li> </ul> <p>Peter Lynch's books <a href="http://www.amazon.com/gp/product/0743200403/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=0743200403&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=W6HQ6GUHNRFLI5YR">One Up On Wall Street</a> and <a href="http://www.amazon.com/gp/product/0671891634/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=0671891634&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=IF4BQWGOTZ36FU3M">Beating The Street</a> have sold millions of copies and are considered mandatory reading for any investor, regardless of level of expertise.</p> <p>But Lynch is not all theory. He has the business acumen to back up his investment advice. He was at the helm of Fidelity's Magellan Fund, one of the world's best known actively managed mutual funds from 1977 to 1990.</p> <p>Lynch's record is very impressive. If you had invested $1,000 in Fidelity's Magellan Fund during Lynch's tenure, you would <a href="http://www.pbs.org/wgbh/pages/frontline/shows/betting/pros/lynch.html">have earned $28,000</a>. During those 13 years, Lynch reportedly beat the S&amp;P 500 Index (a key benchmark of the stock market) in 11 of those 13 years. He transformed $18 million in assets into <a href="http://www.businessinsider.com/peter-lynch-charlie-rose-investing-2013-12">more than $14 billion</a>.</p> <h2>4. John &quot;Jack&quot; Bogle</h2> <p>Buffett has laid out two clear&nbsp;<a href="http://www.berkshirehathaway.com/2013ar/2013ar.pdf" style="text-decoration:none;">instructions in his will</a>:</p> <ul> <li>Deliver cash (no shares because those will all go to charity) to a trustee for his wife's benefit; and<br /> &nbsp;</li> <li>Advise the trustee to put 10% of the cash in short-term government bonds and 90% in Vanguard's S&amp;P 500 index fund.</li> </ul> <p>If Buffett is willing to put 90% of the cash in his will in a Vanguard fund, then the performance of that company must be pretty darn good. When you talk about Vanguard, you have to talk about John Clifton &quot;Jack&quot; Bogle. He is the founder and retired CEO of The Vanguard Group.</p> <p>Under Bogle's leadership, Vanguard became the second largest fund company, commanding $428.4 billion, or 8.83% of all mutual-fund assets by Bogle's retirement in 1999. The number one spot that year went to Lynch's Fidelity.</p> <p>Bogle has long been a champion of low-cost index investing. He advocates sticking to index mutual funds without commision charges and with low turnover of assets. Given Buffett's lackluster performance since 2009 and decision to leave 90% of his will in a Vanguard index fund, it looks like Bogle's &quot;plain vanilla&quot; ways may have the last laugh.</p> <h2>5. Michael Steinhardt</h2> <p>Last but not least, Michael Steinhardt is a Wall Street legend. From 1967 to 1995 (that's 28 years!) his hedge fund returned an <a href="http://www.forbes.com/sites/michaelnoer/2014/01/22/michael-steinhardt-wall-streets-greatest-trader-is-back-and-hes-reinventing-investing-again/">average of 24.5% annually</a>. What's even more impressive about this return is that it was possible even after Steinhardt's 20% cut of the profits.</p> <p>To put this in perspective, let's imagine that you had $10,000 back in 1967:</p> <ul> <li>If you had invested it all in Steinhardt's hedge fund, you would have ended with $4.8 million by 1995.<br /> &nbsp;</li> <li>On the other hand, the same $10,000 in the S&amp;P 500 would have been worth $190,000.</li> </ul> <p>Steinhardt achieved his remarkable annual returns with a wide variety of financial instruments, ranging from stocks to bonds to options. Unlike other investors, he is equally proficient in short and long time horizons.</p> <p>What does Steinhart himself have to say about Buffett? &quot;He is the greatest PR person of recent times and he has managed to achieve a snow job that conned virtually everyone in the press to my knowledge,&quot; he claimed back in 2011. Only a man with Steinhardt's Wall Street record would have the <em>chutzpah</em> to make such a remark.</p> <p><em>Are there other investors that should be on this list? Let us know 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/damian-davila">Damian Davila</a> of <a href="http://www.wisebread.com/5-investors-with-better-returns-than-warren-buffett">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/the-7-most-successful-women-investors">The 7 Most Successful Women Investors</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-surprising-truth-of-investing-mediocre-advice-is-best">The Surprising Truth of Investing: Mediocre Advice Is Best</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/is-paying-off-your-mortgage-early-costing-you-money">Is Paying Off Your Mortgage Early Costing You Money?</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/3-steps-to-getting-started-in-the-stock-market-with-index-funds">3 Steps to Getting Started in the Stock Market With Index Funds</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/should-you-trust-your-money-with-these-4-popular-financial-robo-advisers">Should You Trust Your Money With These 4 Popular Financial Robo-Advisers?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Investment investing investors success winning Thu, 19 Feb 2015 14:00:07 +0000 Damian Davila 1290211 at http://www.wisebread.com