Before you close on your mortgage, consider negotiating closing costs and save yourself some cash.
The post How to Negotiate Mortgage Closing Costs appeared first on The Simple Dollar.
Before you close on your mortgage, consider negotiating closing costs and save yourself some cash.
The post How to Negotiate Mortgage Closing Costs appeared first on The Simple Dollar.
If youâre looking to advance your career or pivot to a new industry, then youâre probably checking out ways you can beef up your resume. Maybe youâre considering an MBA, a bootcamp, or browsing upcoming conferences. Or perhaps youâre considering the DIY route and looking for podcast and book recommendations.Â
While any of these options will help you learn and could boost your resume, the best way to level up your career prospects is to dedicate yourself to becoming a lifelong learner, which is where microlearning comes into play.Â
Conferences and classes are bursting with information, but you may feel limited by the course schedule and teaching style. This works for some people, but it can be expensive and hard to fit into a budget or daily schedule. Microlearning can help you take charge of your education by providing bite-sized lessons. Over time, you can build up your learnings for a more thorough and robust understanding of the subject.Â
The best part is you can apply your specific lessons to your life, career, and goals to build each of these out over time and see what really works and what doesnât. Your consistent growth can improve job satisfaction and career opportunities, putting you in the spotlight for the next raise or promotion. Learn more below or jump to our infographicÂ to get started.
Microlearning has become a popular workplace trend as a learning process that breaks topics into highly specific, concise lessons. This allows the learner to build understanding and confidence at their own pace.
Microlearning is great for tackling new information and closing knowledge gaps. If you already have a foundation of knowledge for a topic, then it can be frustrating to wade through the basics for the few new ideas you were looking for. Khan Academy and TED Talks are a great example of how you may fill in knowledge gaps.Â
The most important part of any lesson plan is that itâs tailored to a learnerâs needs, and that the learner is actually able to retain information. Microlearningâs flexibility for learners is one of its biggest benefits.
Here are some other reasons to consider microlearning:
Microlearning is great for career development, employee training, and specific topics that you could use a refresher on. However, theyâre not a total replacement for other learning systems, and you should keep these in mind when you get started:
You may not realize it, but youâve probably already prioritized microlearning in your day-to-day life. If youâve watched a YouTube video to learn how to change your oil or customize a spreadsheet, then you know exactly how beneficial short, specific, and detailed lessons can be.Â
Here are some ways you can get started using microlearning as part of your professional development:
Gamifying your learning helps make the topic fun and builds a positive relationship with studying. You can get started by setting goals and rewards, or inviting peers to join you with a competitive leaderboard or a trivia night.Â
Videos are designed to be relatively short and engaging, and YouTube has made learning largely accessible from anywhere. While YouTube playlists are a great place to learn, make sure youâve done your research on any channels or personalities youâre watching to ensure your lessons are accurate.Â
Like videos, podcasts are a great way to consume information on the go and from personalities you enjoy and trust. Theyâve become hugely popular because theyâre easy to listen to while driving, working, or exercising, but itâs important that you give your playlist your active attention if you hope to learn effectively.Â
Considering a quiz may bring flashbacks of test anxiety and stressful finals weeks, but in this scenario, quizzing isnât about checking a box that you learned something new. Instead, itâs a means to practice your memory recall and retention so you can count on it when you need it most.Â
Having a team to study with is not only great for motivation, but it can also improve your lesson retention. Active learning is the process of working or chatting through a subject or problem, and studies show this is the best way to learn and practice your skills.Â
Keeping up with your professional development is the best way to impress your employer and expand your job prospects. Whether you want to climb the career ladder or ease your daily workload, How Microlearning Can Level Up Your Knowledge appeared first on MintLife Blog.
The post 10 Ways to Save on CollegeÂ appeared first on Penny Pinchin' Mom.
College is expensive, thereâs no debating that fact. The average amount of money borrowed to obtain a bachelor’s degree was $29,000 in 2017/2018, according to the College Board, Thatâs a whole lotta money (and itâs a number thatâs only likely to go up).
If you want to avoid years and years of debt payoff after graduation then itâs up to you to try and keep your costs down. In an effort to help you do that, weâve compiled a list of 10 ways to save on college.
This might sound like a joke but itâs not. The point is that before you go off and spend thousands and thousands of dollars on your education you need to make sure that college is the right choice for you. Is it what you really want to do? Are you ready?
Although college has become part of the prescribed life plan (high school — college — marriage — house…), itâs not the only option. You can also choose not to go and pursue other opportunities like entrepreneurship, a gap-year, joining the military or enrolling in a technical school. So, the purpose here is not to deter you from getting a college education but instead to ensure that itâs truly the right choice for the work/life you want to pursue.
Nothing exemplifies the college experience more than living at home with your mom and dad…right? I know, this might not sound like the most fun way to âdoâ college. However, if graduating debt-free is a priority then it might be worth it. If you decide to go to a school thatâs close to home (and your parents can stand you for another four years) then living with mom and dad can help you to save thousands of dollars on rent, utilities, laundry, and food.
If living at home is not an option then consider renting with roommates. Yes, having your own space can be glorious however, it also comes at a premium price. If youâre serious about saving on college then having a roommate (or five) will help you save on things like rent, utilities, and even streaming services. It will also teach you how to cope with different personalities, which will serve you well when you graduate and enter the real world.
If you live close to campus then you can probably get by without a car. This means no car payments, no insurance payment, and no gas. As an added bonus, youâll never have to be the designated driver (assuming youâre 21 years old, of course). Instead, take advantage of public transit or bring your bike and get around using your own power.
Being a student is expensive but it also comes with a lot of perks! As a student, youâll often have access to things like free transit passes, free gym memberships, equipment rentals (bike, skis, skates, kayaks), as well as tutoring and counseling services. Your student status might also get you discounted rates to museums, concerts, clothing, car rentals, and technology. To make sure that you donât miss a student discount opportunity check out this list by Deal Hack.
Eating and drinking at a restaurant or bar multiple times a week can get really expensive. Why not learn how to cook (a great life skill!) and save big by eating at home. This is not to say that you should never go out and have fun but if you want to minimize expenses itâs best to avoid multiple nights at the bar and opt for a BYOB potluck at your place.
The last thing you want to do is graduate from school with student loan debt AND credit card debt (a double debt whammy). If youâre going to have a credit card make sure you understand how a credit card works. If youâre not able to pay off your credit card in full each month then itâs probably best to stick to debit or cash.
You donât have to be the best or the brightest to win a scholarship. If youâre willing to put in some time and effort, you probably have a pretty good shot of winning some money. And remember, not all scholarships are based on your GPA. There are scholarships for everything: financial need, athletic ability, minority status, single moms â¦ and so on.
If youâre a high school student — be sure to fill out the Free Application for Federal Student Aid (FAFSA). Itâs estimated that $2.6 billion in FAFSA went unclaimed by eligible students for the 2018/2019…ouch!
If you can hack it then get a job while youâre going to school. A great way to avoid debt is to have a continual source of income. In addition to the extra money, having a job is good for the resume, it can help you build your professional network (especially if youâre working in the field youâre going to school for), and juggling multiple obligations will teach you how to be organized and efficient.
Both Starbucks and Walmart have programs that allow employees to get online degrees for nearly nothing. Thatâs becoming common at large companies and a surprising number of businesses offer at least some help paying tuition. There are also a number of employers that will help workers pay back their student loans.
You may not want to work at Starbucks, Walmart, or any place else that will pay for college, but it might make sense to suck it up and work for four years or so and come out of it with no debt and some solid employment history.
When it comes to trying to save on college every little thing helps. While college should be fun, donât lose sight of why youâre there â¦ to get an education! When it comes to making tough financial decisions think about the position you want to be in when you graduate. You want to put yourself in a position to graduate debt-free (if at all possible) or at least put yourself in position to have a clear and easy plan to pay it off within a few years.
–By Jessica Martel
The post 10 Ways to Save on CollegeÂ appeared first on Penny Pinchin' Mom.
Credit card debt is on the rise. Millions of Americans are in over their heads. Theyâre losing sleep, losing control, and worried about what the future will hold. But there are solutions, and consolidation is one of the best.
Consolidation works by âconsolidatingâ multiple debts into one. Itâs the perfect solution for mounting debt, one that doesnât destroy your credit score, liquidate your assets, or make it difficult to acquire mortgages and personal loans in the future.
With that said, letâs look at some of the best ways to consolidate credit card debt.
The idea of debt consolidation essentially boils down to acquiring a large, low-interest loan and using that to repay multiple high-interest debts. If your credit score is high enough, you can get that loan yourself, clear your credit card debts, and then focus on repaying the loan.
The average credit card APR is close to 20%. If you have a balance of $10,000 and a monthly payment of $300, this APR will cost you over $4,700 in total interest and your debt will be repaid in just over 4 years. If you were to acquire a $10,000 personal loan at a respectable rate of 8% over the same 4 years, youâll pay just under $1,800 in interest.
Thatâs a saving of nearly $3,000 over 4 years, and itâs based on an 8% rate (lower rates are available) and on the assumption that you donât accumulate any credit card penalty fees or penalty APRs, which are very common on rolling balances.
Credit counseling agencies can help you manage your debt by working with your creditors. A new payment structure will be created, and your money will go straight to the agency, after which it will be released to your creditors.
To begin the process, search for reputable debt management services in your area. They will assess your situation and determine if you are a good fit for the program. Some charge fees, some donât, but all will serve as an intermediary between you and your creditors.
Every month you will make a single payment and the money will then go to your creditors. The agency will negotiate reduced payments by bringing the interest rates down and removing fees, therefore making these debts cheaper and more manageable.
A balance transfer is a promotion offered on new credit cards. It invites you to move your balance from your current card to a new one, and in exchange, it offers a period of 0% interest.Â
You will need to pay a balance transfer fee, and this is typically charged at between 3 and 5% of the total transfer amount, but itâs often one of the cheapest and easiest ways to consolidate credit card debt.
As an example of how balance transfers work, letâs imagine that you have three credit cards, each with a maxed-out balance of $10,000 and an APR of 20%. If youâre repaying $300 a month, thatâs $900 a month and in 4 years and 2 months, youâll pay around $14,000 in interest to clear the full $30,000.
Alternatively, you can move all three balances onto a single balance transfer card with a $30,000 limit. Immediately, that balance could grow to $31,500. If you continue paying $900 a month and the balance transfer period lasts for 18 months, the balance will be just $15,300 when interest begins to accrue again. And if you use that 18-month period to initiate a debt repayment strategy, you could clear it in full and avoid paying any interest.
Some companies offer specific loans tailored toward debt consolidation. These options work a lot like personal loans, as they are large loans designed with consolidation in mind. However, there are a few key differences, including the fact you donât need an excellent credit score.
The ultimate goal of debt consolidation loans is not to save you money in the long-term or to reduce the debt period. In fact, it does the opposite. The goal is to reduce your monthly payment and give you a smaller rate of interest, but it does this while increasing the loan period, which means you ultimately pay more money over the term.
If you have a supportive and financially-free family, you can ask them for the money to clear your debts and then promise to repay them in time.Â
Of course, this option isnât without its problems. Firstly, thereâs the old adage that you should never lend money to friends or family. It may seem pretty heartless, but itâs a saying steeped in experience. It causes problems, as that debt is right at the bottom of the borrowerâs list of priorities and if theyâre skipping payments and begging for relief, while at the same time buying new clothes and going out every night, it can anger the borrower.
To avoid these issues, agree to pay them in monthly installments, offer a little interest, and get everything in writing. Make that debt your priority, because by skipping your payments youâll be hurting your finances and your relationships.
Donât guilt-trip a friend or family member into lending you money. Donât ask them unless you have a very close relationship with them, have known them a long time, and know they can easily afford to lend you money. The last thing you want is for them to leave themselves short or to acquire debt just to help you out.
Alternatively, if you own a significant amount of home equity, you can opt for a home equity loan. This will give you a sizeable loan charged at a small rate of interest. It will take longer to repay your mortgage, but by reducing your debt demands youâll save more money in the long-term.
How to Consolidate Credit Card Debt is a post from Pocket Your Dollars.
One of the questions Iâm asked the most is, âWhich credit card should I get?â
Thereâs not a one-size-fits-all answer, but hereâs how to narrow it down:
If youâre in credit card debt, then you need to prioritize your interest rate over rewards. TheÂ average credit card charges 16.05%. It doesnât make sense to pay interest just to earn 1%, 2% or 3% in cash back or travel points.
If you have credit card debt, forget about rewards for now. You can avoid interest for up to 18 months with the right balance transfer card. And some card issuers (especially credit unions) charge ongoing (non-promotional) rates as low as the 6%-9% range. Donât chase rewards if youâre revolving a balance.
If you have credit card debt, I recommend these cards:
See related: Balance transfer cards with no transfer fee
Now weâre on to the fun stuff! The key questions at this juncture focus on how much effort you want to put in, how you spend your money and what you want to get out of your rewards.
Some people treat credit card rewards like a game. Itâs fun for them, and they spend time looking for the best deals and juggling multiple cards. Yet about three-quarters of credit card holders prefer simplicity and would rather use the same card or two as widely as possible, we found in an August 2019 survey.
You wonât get the best rewards with that approach, but you can still do pretty well. Here are my favorite flat-rate cash back cards:
If you make more than $20,000 in credit card charges in a typical year, the Alliant Credit Union Visa Signature is a better bet despite the annual fee.
Dividing your spending among multiple cards is the best way to reap higher returns. At this stage, you need to consider how you spend your money. Different cards incentivize different types of spending (e.g., travel, restaurants, groceries, entertainment).
You also need to think about your desired redemption. Cash back has the broadest appeal (after all, who couldnât use a little more cash?), although travel rewards are usually the most valuable. Some 49% of U.S. adults have at least one cash back card, 20% have an airline or hotel rewards card and 19% have a general travel rewards card,Â our research shows.
Chase Sapphire Reserve,Â the American ExpressÂ® Gold Card, theÂ Citi PremierÂ® CardÂ and theÂ Capital One Venture Rewards Credit Card).
Each of these issuers has more than a dozen airline and hotel transfer partners, plus you can book an even wider variety of flights and hotels directly through the card companies. These programs provide tons of flexibility, and in terms of cents per point, they generally offer higher returns than cash back cards.
As you can see, picking the right credit card for you is an individual decision. Iâll leave you with two more thoughts:
Youâre doing well as long as youâre avoiding credit card debt and redeeming rewards for something thatâs valuable to you.
Not everyone wants to fly to the Maldives in first-class and stay in an overwater bungalow. Even if it yields fewer cents per point, a free flight to grandmaâs house or cash back on everyday purchases could make more sense for your particular situation.
You should absolutely consider sign-up bonuses when evaluating credit cards, but donât lose sight of the fact that your credit card strategy should be a long-term pursuit. Especially if youâre new to credit, focus on ongoing value rather than card churning.
* Information about Citi Simplicity has been collected independently by CreditCards.com. The issuers did not provide the details, nor are they responsible for their accuracy.
Understanding how your credit is calculated is the first step to cleaning up your credit history and improving your credit scores. The FICO scoring system takes several key aspects of your credit file in order…
The post How to Clean Up Your Credit Report in 2021 appeared first on Crediful.
Credit cards can be a useful tool if you do your research a make a plan for your spending. Here’s how to get the most out of your credit cards.
The post Tips For Getting The Most Out Of Your Credit Cards appeared first on Bible Money Matters and was written by Peter Anderson. Copyright Â© Bible Money Matters – please visit biblemoneymatters.com for more great content.
Around 6.1% of employed Americans worked for themselves in 2019, yet the ranks of the self-employed might increase among certain professions more than others. By 2026, the U.S. Bureau of Labor Statistics projects that self-employment will rise by nearly 8%.
Some self-employed professionals experience high pay in addition to increased flexibility. Dentists, for example, are commonly self-employed, yet they earned a median annual wage of $159,200 in 2019. Conversely, appraisers and assessors of real estate, another career where self-employment is common, earned a median annual wage of $57,010 in 2019.
When you work for yourself, you might have to jump through additional hoops to qualify for credit.
Despite high pay and job security in some industries, thereâs one area where self-employed workers can struggle â qualifying for credit. When you work for yourself, you might have to jump through additional hoops and provide a longer work history to get approved for a mortgage, take out a car loan, or qualify for another line of credit you need.
Hereâs the good news: Being self-employed doesn’t directly affect your credit score. Some lenders, however, might be leery about extending credit to self-employed applicants, particularly if youâve been self-employed for a short time.
When applying for a mortgage or another type of loan, lenders consider the following criteria:
Generally speaking, lenders will confirm your income by looking at pay stubs and tax returns you submit. They can check your credit score with the credit bureaus by placing a hard inquiry on your credit report, and can confirm your debt-to-income ratio by comparing your income to the debt you currently owe. Lenders can also check to see what assets you have, either by receiving copies of your bank statements or other proof of assets.
The final factor â your employment status â can be more difficult for lenders to gauge if youâre self-employed, and managing multiple clients or jobs. After all, bringing in unpredictable streams of income from multiple sources is considerably different than earning a single paycheck from one employer who pays you a salary or a set hourly rate. If your income fluctuates or your self-employment income is seasonal, this might be considered less stable and slightly risky for lenders.
That said, being honest about your employment and other information when you apply for a loan will work out better for you overall. Most lenders will ask the status of your employment in your loan application; however, your self-employed status could already be listed with the credit bureaus. Either way, being dishonest on a credit application is a surefire way to make sure youâre denied.
When you apply for a mortgage and youâre self-employed, you typically have to provide more proof of a reliable income source than the average person. Lenders are looking for proof of income stability, the location and nature of your work, the strength of your business, and the long-term viability of your business.
To prove your self-employed status wonât hurt your ability to repay your loan, youâll have to supply the following additional information:
Applying for another line of credit, like a credit card or a car loan, is considerably less intensive than applying for a mortgage â this is true whether youâre self-employed or not.
Most other types of credit require you to fill out a loan application that includes your personal information, your Social Security number, information on other debt you have like a housing payment, and details on your employment status. If your credit score and income is high enough, you might get approved for other types of credit without jumping through any additional hoops.
If you work for yourself and want to make sure you qualify for the credit you need, there are plenty of steps you can take to set yourself up for success. Consider making the following moves right away.
You canât work on your credit if you donât even know where you stand. To start the process, you should absolutely check your credit score to see whether it needs work. Fortunately, there are a few ways to check your FICO credit score online and for free.
If your credit score or income are insufficient to qualify for credit on your own, you can also apply for a loan with a cosigner. With a cosigner, you get the benefit of relying on their strong credit score and positive credit history to boost your chances of approval. If you choose this option, however, keep in mind that your cosigner is jointly responsible for repaying the loan, if you default.
If you have a long-standing relationship with a credit union or a local bank, it already has a general understanding of how you manage money. With this trust established, it might be willing to extend you a line of credit when other lenders wonât.
This is especially true if youâve had a deposit account relationship with the institution for several years at minimum. Either way, itâs always a good idea to check with your existing bank or credit union when applying for a mortgage, a car loan, or another line of credit.
Debt-to-income (DTI) ratio is an important factor lenders consider when you apply for a mortgage or another type of loan. This factor represents the amount of debt you have compared to your income, and itâs represented as a percentage.
If you have a gross income of $6,000 per month and you have fixed expenses of $3,000 per month, for example, then your DTI ratio is 50%.
A DTI ratio thatâs too high might make it difficult to qualify for a mortgage or another line of credit when youâre self-employed. For mortgage qualifications, most lenders prefer to loan money to consumers with a DTI ratio of 43% or lower.
To keep your credit in the best shape possible, check your credit reports, regularly. You can request your credit reports from all three credit bureaus once every 12 months, for free, at AnnualCreditReport.com.
If you find errors on your credit report, take steps to dispute them right away. Correcting errors on your report can give your score the noticeable boost it needs.
You typically need two years of tax returns as a self-employed person to qualify for a mortgage, and you might not be able to qualify at all until you reach this threshold. For other types of credit, it can definitely help to wait until youâve earned self-employment income for at least six months before you apply.
Keeping personal and business funds separate is helpful when filing your taxes, but it can also help you lessen your liability for certain debt.
For example, letâs say that you have a large amount of personal debt. If your business is structured as a corporation or LLC and you need a business loan, separating your business funds from your personal funds might make your loan application look more favorable to lenders.
As a separate issue, start building your business credit score, which is separate from your personal credit score, early on. Setting up business bank accounts and signing up for a business credit card can help you manage both buckets of your money, separately.
Having more liquid assets is a good sign from a lenderâs perspective, so strive to build up your savings account and your investments. For example, open a high-yield savings account and save three to six months of expenses as an emergency fund.
You can also open a brokerage account and start investing on a regular basis. Either strategy will help you build up your assets, which shows lenders you have a better chance of repaying your loan despite an irregular income.
Some lenders have tightened up mortgage qualification requirements, and some are even requiring a 20% down payment for home loans. Youâll also have a better chance to secure an auto loan with the best rates and terms with more money down, especially for new cars that depreciate rapidly.
Aim for 20% down on a home or a car that youâre buying. As a bonus, having a 20% down payment for your home purchase helps you avoid paying private mortgage insurance.
Donât forget the steps you can take to build credit now, if your credit profile is thin or youâve made mistakes in the past. One way to do this is applying for a secured credit card or a secured loan, both of which require collateral for you to get started.
The point of a secured credit card or loan is getting the chance to build your credit score and prove your creditworthiness as a self-employed worker, when you canât get approved for unsecured credit. After making sufficient on-time payments toward the secured card or loan, your credit score will increase, you can upgrade to an unsecured alternative and get your deposit or collateral back.
If youâre self-employed and worried that your work status will hurt your chances at qualifying for credit, you shouldnât be. Instead, focus your time and energy on creating a reliable self-employment income stream and building your credit score.
Once your business is established and youâve been self-employed for several years, your work status wonât matter as heavily. Keep your income high, your DTI low, and a positive credit record, youâll have a better chance of getting approved for credit.
The post Why Itâs Harder to Get Credit When Youâre Self-Employed appeared first on Good Financial CentsÂ®.
Hello! Enjoy this post from my friend Martin. I know this situation applies to many out there (the possibility of what you or others may believe to be useless degrees), so hopefully this post can help someone out!
“Why did you waste your time on that degree?”
The most ignorant question in the world. You deserve a smack across the face if you’ve ever asked anyone this. There’s no such thing as a waste of time if you learned a few things and opened your eyes a little. Also, it’s none of your business what someone else studied, unless you of course paid for their full education.
Why would you ask someone this?
The person with the degree doesn’t possess the power to time travel and change things. It’s already too late. They have the degree proudly hanging on the wall. There’s no need to be a ruthless jerk who puts down their friends. The person on the other end will get highly defensive and the argument won’t be pretty.
Why would you ask such an ignorant question?
Sadly, European relatives ask this all of the time. So do friends on Facebook. Most people will ask about why you studied what you did. It’s fairly standard small talk.
All stats out the window, the answer is no.
You don’t need to do anything. You can’t force yourself to study a topic that you despise for four years of your life. This never ends well. If you do complete your studies and find work in the field, you won’t be happy because you never wanted to do this in the first place.
Can you imagine working in a field that you despise until you’re 65? That’s at least 40 years. That would be one miserable existence.
While I highly suggest that you study a subject that can open up opportunities for you after college, I also realize that not everyone has life figured out in their teens.
When I had to decide what I wanted to study I was 17. Due to my late birthday, I had to figure everything out at this young. I remember choosing a community college because I had no clue of what else to choose. I started at a community college at 17 and somehow managed to survive. I was completely clueless about why I was even there.
You can’t be expected to have your life figured out in your teens. It’s okay if you don’t study the most specific topic.
Well, you don’t have to find a work in your specific field. There’s no rule that states you need to work as a Historian just because you studied history.
You don’t have to find work in the exact field that you studied. You have other options, such as:
If your degree isn’t in demand, that’s okay because you can still be in demand. You don’t have to live and die based on your degree. You’re not your degree. You have more to offer this world than the piece of paper that you picked up on stage.
There’s no rule that states you must work in the field that you studied. Most of my friends are in completely unrelated fields. I don’t really know anyone that went to directly find work in their specific field. The only friends that are using their degrees 100% are my friends who became teachers and nurses. Those fields are very specific and you can’t get in without the correct credentials.
Everything else can’t be taught.
Do you think there’s a four year program for bloggers like Michelle? Hell no.
Do you think there’s a program that teaches you how to solve problems? Not really.
Is there a college degree that encourages you to take risks? Nope.
College is a wonderful experience. This is your first taste of the following:
Very little of what you study in college will be used in your real life. I hate to admit this, but I don’t remember anything from the classroom lectures when I look back.
Why did I attend college?
I earned my degree in business so that I could tell people that I got my degree in business. Plus, I was the oldest boy in my family and the first to attend college. Making my parents proud was priceless. Oh, and I didn’t want to get kicked out of the house.
The world’s not going to end because your degree isn’t in the most profitable field. You’re not a failure because you studied something that interested you. It’s your life. You did what you wanted to. If you didn’t study anything specific then that’s okay because you’e not restricted to one field of work. You just need to decide on what you’re going to do next.
Are you using your college degree? Why or why not? Do you have useless college degrees?
The above is a post from Martin of Studenomics, where you can read about financial freedom and not have to worry about missing a party. Martin has just launched, Next Round’s On Me, where he helps you with your financial journey in your 20s.
The post How Do You Use a Degree That Isn’t Very Specific? appeared first on Making Sense Of Cents.
Well, we made it. To 2021. The earth, moon, and sun each did their thing again. But somehow this year feels different. Because 2020 was a doozy and so many of us are deeply ready for a fresh start.
RBG fought, she believed, and she persevered—all actions that feel deeply relevant as we look to the year ahead of us.
Last year left many of us with a lot to mourn. For me, and for many, that includes the loss of a national treasure, Ruth Bader Ginsburg. The diminutive woman, known affectionately as The Notorious RBG, served as a U.S. Supreme Court Justice from 1993 until her death on September 18th, 2020, at age 87. RBG was the breaker of all kinds of ceilings. She fought, she believed, and she persevered—all actions that feel deeply relevant as we look to the year ahead of us.
Before I charge too quickly into the spin of 2021, I plan to reflect on some of the amazing life and career lessons RBG left behind. She gifted us a legacy of wisdom that will remain relevant for years to come.
So today, let’s reflect on some of what she taught us and consider how it might apply to our own adventures in the coming months.
Ruth Bader Ginsburg achieved tremendous things in her lifetime. Much of her success required that she persuade others to share a point of view that may not have been popular.
And persuasive she was. Never one to steamroll or shame others onto her side, RBG was artful in how she changed hearts and minds.
She once shared with the New York Times some wedding-day advice she received from her mother-in-law: “In every good marriage, it helps sometimes to be a little deaf.”
And she goes on to say of that advice:
I have employed it as well in every workplace, including the Supreme Court. When a thoughtless or unkind word is spoken, best tune out. Reacting in anger or annoyance will not advance one’s ability to persuade.
I believe she was telling us not to ignore or excuse unkindness or incivility but to label and rise above it in our response.
In 2021, we are all going to be processing and wading through the heaviness that was 2020 as we face the challenges of the coming year. Careless words are likely to be spoken. But when they are, try not to let them trigger a reaction. Respond as the version of yourself you’re most proud of.
Respond as the version of yourself you’re most proud of.
The absence of your emotional reaction will make the intelligence of your response stand out even more. This is one way to bring hearts and minds to your side.
RBG maintained lifelong friendships with colleagues sitting on both sides of the political aisle. She was asked about her success at this many times throughout her career.
She spoke with NPR about her friendship with conservative Justice Antonin Scalia and shared that while they disagreed deeply on many issues, she respected him enough to listen to what he said. And although he rarely changed her mind, his thinking pushed and challenged her own, making her even better.
When an idea doesn’t land with you, take a pause. Can you find the positive intent behind it? Can you empathize with the person suggesting it?
She also spoke of their finding common ground through shared interests and humor. She was able to separate her friend and colleague from the opinions he held. And this too feels like a useful skill to cultivate for 2021.
None of us knows what shape the workplace will take in the coming months. We will all hear many predictions, suggestions, and opinions. We will like some and hate others.
But when an idea doesn’t land with you, take a pause. Can you find the positive intent behind it? Can you empathize with the person suggesting it? Is there something useful you can find in it?
Keep the idea and the person in separate corners.
Reading is the key that opens doors to many good things in life. Reading shaped my dreams, and more reading helped me make my dreams come true
RBG never lost her appetite for more information, for expanding her mind. As much wisdom as she had acquired, it was never enough.
And in this, she wasn’t alone. According to Inc. Magazine, many of the world’s most successful leaders—from Warren Buffet to Tony Robbins to Mark Cuban—are voracious readers.
As we continue to navigate the uncertainty ahead, learning new ways to do things will be critically important. So make continuous reading and learning a priority in 2021.
Not sure how to make it happen? Here are a few ideas:
RBG was so famous as an exerciser that her personal trainer published a book of the workouts she was still doing into her 80s. Once asked who the most important person in her life was, she famously responded, “My personal trainer.”
For RBG, intense exercise gave her the energy she needed to deliver her most impactful work. This is a lesson we all need to carry into 2021. As stress and burnout continue to threaten and plague us, we must all be mindful of how we manage our energy levels.
Working endless hours isn’t the most effective or fulfilling path to success. Working well is what delivers results. So find ways to care for yourself, to recharge your tank, every day.
You too may enjoy some intense exercise. Or you may choose to walk, meditate, journal, or call a friend. There is no right way to practice self-care, but doing it in some form is a must!
If you want some self-care guidance when it comes to fitness, nutrition, and coping with stress, here's where I shamelessly plug podcasts from my amazing Quick and Dirty Tips colleagues:
Search for these wellness experts on your favorite podcast platform or visit QuickandDirtyTips.com.
I hope these nuggets of wisdom have helped you feel empowered to take on 2021. These are only a few of the countless gems RBG left us with. They feel, for me, entirely relevant in this moment. So let’s honor and celebrate Ruth Bader Ginsberg's life together by letting her wisdom guide us through some murky months ahead.