How Your Personal Actions Can Have Professional Consequences

How Your Personal Actions Can Have Professional Consequences - chalkboard ideas image

As a person, you can often feel like you’re running a few different lives. You have your personal life, your work life, your family life, and your social life, as well as the lives that any other parts of your personality can add. It can be exhausting. But, more often than not, you’ll find an overlap across all of your lives, even if you try to keep them separate. So, it’s worth making sure that you conduct yourself well in all of them. Because sometimes, you can discover that what you do in your spare time can affect your career, and it’s not always in a good way.

Your Attitude

Firstly, there’s your attitude. They saying ‘treat others how you wish to be treated’ exists for a reason. When you’re rude to people, it can often come back to bite you, whether you realize it or not. It can even affect your career progression, interviews, or even your employer’s business. So be kind and humble, always. Otherwise, you may find that you come across people in business that you have been rude to in other areas of life. And we all know how that will pan out.

Your Hobbies

Although some things can have negative consequences in your professional life, you’ll also find that others can have a positive influence. When you have hobbies that develop your skills and even have the potential to earn your money, you may find that they boost your career prospects by a significant amount. Even if this wasn’t your original intention, if you’re trying to make a difference in a good way, your interests and side hustles can definitely help.

Illegal Activities

Whether you meant to or not, you can sometimes find yourself caught up in illegal activities. If you head out for drinks and attempt to drive home, thinking that you’re under the limit, you could be taking a big risk. You may even need to get yourself an attorney for driving after drinks, which could then get back to your company and jeopardize your career. Even if you think it’s unfair, if you conduct yourself in a negative manner, will always come back to haunt you.

Your Views

It may seem unfair, and in some ways it is, but sometimes your views and opinions can hinder you in the professional worlds. Yes, you are entitled to your own beliefs, but when they are negative, extreme, or derogative in a political or economic manner, it can put a sour taste in your employer’s, colleagues, or customers mouths.

Online Profiles

Most people have some form of online presence. But, did you know that yours has the potential to make or break your career? If you conduct yourself poorly online, your employers may often find out, and it could harm your prospects. However, in a more positive light, if you’re doing things to improve your career, prospects, and employability yourself, you could be making waves in your professional world and harnessing your own future.

How To Remain Financially Stable When You’re Put Out Of Work

At some point in your life, you may get put out of work for a while. It could be as the result of an injury that prevents you from working for a period, or you may have lost your current job. Either way, you need to know how to remain financially stable when you aren’t working.

So, here are three tips to help you out:

How To Remain Financially Stable When You're Put Out Of Work - no money image


Reduce Your Expenditure

When you’re not working, you may not have the same steady income as you’re used to. Sure, you may only be temporarily out of work and receiving sick pay, but that still means you should be careful. Specifically, be careful with how much you spend. Start reducing your expenditure and saving as much money as possible. This is especially important for anyone that’s been let go or left their job and don’t actually have an income anymore. You’re relying on your savings to get by and can’t afford to spend like mad. This may mean you need to cancel a few subscriptions and stop buying food you’d usually buy. You have to be more vigilant with what you spend your money on, at least until you find another job and get some more money in.

Take Legal Action

There are many cases where you may be put out of work and can benefit from legal action. You might have had an accident in the workplace that causes you to get injured and spend some time away from work. If this happens, your employer might only pay you sick pay for a certain time, and they may not pay your wages in full. So, by seeking legal action with a personal injury lawyer, you can make a claim and try to get some money to help you while you’re out. Likewise, if you’ve been wrongly fired, you can seek legal action to get compensation from your employer which can help provide you with money as a buffer while you look for a new job.

Get Unemployment Benefits

If you’ve been put out of work and you’re trying to find a new job, you can claim unemployment benefits to help tide you over. What this means is that the government can pay you up to around $450 a week while you search for a new job. You have to go down to your state unemployment insurance office to apply, and they’ll give you all the forms to fill in. It’s important to note that this is a temporary measure, and you can’t just abuse it and stay on these benefits for as long as possible. You’ll need to attend regular meetings and provide evidence that you’re looking for jobs or else they’ll cut your benefits completely. It is well worth getting these benefits as they’re there for a reason. If you have no income, it can help you be more financially stable and pay your bills, etc. You don’t have such a strong reliance on your savings, and you can keep your finances in shape while you look for a new job.

With these three tips, you can remain in control of your finances even when you don’t have any income from a permanent job.

Retire Early, Retire Right

You should always be thinking about your retirement. As crazy as it might sound, you really should be thinking about retirement in your early twenties. Not because you’ll be planning to stop working in the next few years but rather due to the fact that you’ll be there sooner than you think. So, you have to be prepared. You need to make sure that you have enough cash in your account to survive comfortably without the income that you might have been relying on. To do this, you need to consider ways that you can build up your capital, avoid debts that will eat your savings and live smart financially.

Recently, there was an advert for pension saving schemes. It showed two people’s lives in retirement on the saving plan they were currently on. One the one side someone was saving a lot and having a wonderful time after retirement. On the other, they were saving the bare minimum, and the projection for their retirement certainly wasn’t as rosy as they’d probably hoped. So perhaps this is the best place to start when thinking about your retirement.

How much are you saving? Ideally, you want to save around a quarter of your paycheck for your retirement. Unfortunately, for most people, this probably isn’t realistic. Particularly, when you take into account rent, bills, little luxuries and other expenses. You might hear people say that if you can’t afford to save your pension, you’re living past your means. But at what point are you sacrificing your enjoyment now to pay for a great future?

As such, you should really just be saving as much as you can reasonably afford. A few hundred each month isn’t an absurd level, and it’s one that most people should be able to meet. So, if you’re saving around that amount of money, you’ll have a nice pension pot to fall back on when you retire. If you’re struggling to save any money at all, a handy tip is to start thinking of it like another bill or even tax. It has to come out of your account at the end of the month. Of course, saving is a great start, but there is more that you can do to protect the outlook of your retirement and maybe even quit working earlier than most.

Buying Property

Retire Early, Retire Right - monopoly houses image

Credit Link Location

Most people working now will be retired around 65-70 with the retirement age steadily increasing every year. You probably want to retire earlier than that and make sure you can still enjoy those last years in full. That’s why you want to buy property. There is an argument as to whether it’s financially wise to invest in property. And yes, it’s true to say that some people do end up in debt because they buy property and find that they can’t afford it. But that scenario is quite rare. The key thing to remember is that when you buy property, you leave yourself with capital that you can use and fall back on.

You might buy it with a loan but you can steadily pay that off, and if you’re doing this you can probably cut back a little on savings. Essentially, your home is your savings because you’ll be able to use the money you’ve put into it to move to a bigger home and pay the rest of the money on that one off. Then, when you retire, you can sell that and again, free the capital, moving to a smaller home and live comfortably through retirement. Yes, it sounds all too easy, doesn’t it? Well, it’s not, but it’s definitely possible if you commit to this type of plan. You just have to make sure you have some money in your accounts so that you don’t end up in debt when the home needs a repair or two.

Gaining A Second Income

Retire Early, Retire Right - online income image

Max Pixel

If you want to be well off when you retire or retire early, you better make sure that you have more than one income. In fact, it’s advisable that you have at least two incomes and ideally three. The good news is that one of these incomes can be completely passive and the other one you can complete in your spare time.

The nonpassive income would be what is essentially a side hustle. It’s something you can do outside of your main job, perhaps at the weekend to earn a little extra cash. The great thing about this is that if you already have a solid plan in place for your finances, that side hustle cash can be spent on things you want. But wait, isn’t that just wasting your money? Actually, no because you probably will be buying these products or services anyway. This way, they won’t affect your overall financial savings.

An example of a side hustle would be tutoring students. You might have experience as a teacher or perhaps an academic. If so, then you’ll be able to offer the support that parents are always looking for to push up their kid’s grades.

Or, you might want to consider working from home, making money online. Fortunate Investor has some great examples of ways to make money on the net. One example would certainly be working as a freelancer writer. With this job, you can provide content to websites and easily earn a lot of money in no time at all.

What about the passive income? Well, that could be any type of investment that doesn’t require a lot of your time. If you’re looking for a great example of this, you should think about flipping properties. To flip a property, you need to invest in a fixer-upper. Spend a few months renovating it on the weekends, using services from pros rather than elbow grease. Once you have done this, you can then sell it on and pocket the profit. Some people easily make double to original value of the home doing this, though it does depend on whether you buy the right property.

Avoid Frivolous Spends

Retire Early, Retire Right - wallet and card image

Max Pixel

If you’re going to retire early and retire well, you need to understand the value of money. This means that you should avoid spending money in areas that won’t benefit you in the long run or that will probably turn out to not have been worth it. An example of this would be buying a new car.

According to financial experts, it’s never a smart idea to buy a car brand new because you’re pouring money down the drain by doing this. At best you’ll be wasting a few thousand that you could have saved if you bought the car second hand. At worst, you could be wasting a small fortune because you were desperate to own a dream car that will lose half it’s valued in a few years. There are exceptions to this. You might buy a classic, and if that’s the case, it could even be considered a solid investment. But this possibility is quite rare.

Of course, this is just one silly spend that you want to avoid when you’re working towards a solid retirement. Another would be tech. Tech depreciates almost as rapidly as cars. So, if you want the latest tech, it’s worth just waiting a couple years until it drops in price. Yes, you’ll always be a couple years behind the trends. But you’ll also be saving a lot more money compared with the typical consumer.

As you can see then, it is possible to retire earlier than most and to make sure you have a solid cushion of cash to fall back on. Goodluck!

Retire Early, Retire Right - retirement wealth image

Flickr Picture

Rules To Follow When Living On Your Own For The First Time

There are many transitions in life you make and you grow up and increasingly become aware of the greater responsibilities on your shoulders. It will dawn on you one day when you’re packing your bags full of clothes and everyday living items; you’re going to have to take a giant leap into the big wide world. One of the most difficult and daunting transitions from teenager or student is the coming of age as an adult. Living on your own will be tough for a smorgasbord of reasons, however, managing your personal and property finances by yourself will be the most harrowing challenge. The chances are good that you’ll be limited by income, but counter to this is the abundance of information and access to advice at your pleasure. Follow a few rules, mixing simple and complex solutions to problems, and you can navigate your way through life averting catastrophic setbacks.

Rules To Follow When Living On Your Own For The First Time - Wallet in a vice image

Photo by – Max Pixel

Budget before you move

Before you’ve moved into a new apartment or shared house, make a budget that reflects your current income, the monthly costs to live in the property such as rent, your expenses such as insurance, or phone bills, and finally your expenditure such as the weekly food shopping or on new clothes. Use this budget you create to see you through the first month or couple of week. After you feel settled in into the new place, take a look at your bills and go back to the drawing board to rebudget accordingly. Keep in mind some properties have utility costs which are seasonal, such as air conditioning which you might have used in the summer.

Rules To Follow When Living On Your Own For The First Time - nest home tech image

Image credit – Frederik Hermann

Top of the range tech isn’t a necessity

You don’t need to have all the latest gadgets and appliances around the home, and a lot of young people make silly financial choices that they could do without. Don’t try to reconstruct or emulate in any fashion every part of how you used to live before, such as the need to have a laptop or tablet. Your parents of the university may have provided you with the technology all the other students had, but rather than wanting electronic accessories; you should focus on skillets, plates, cutlery and varying sizes of pots and pans. However, if you’ve been hired for a job that is well-paying, modern studio apartments have all encompassed utensils and connectivity as standard, such as here. Simply download the app required on your smartphone, and you can adjust the heating, set the time for the washing machine or dim and turn off the lights.

Cooking for yourself

There’s an endless wave of information on the internet for beginners just learning how to cook for themselves. Groceries are the most unpredictable, fluctuating part of your budget. Identify what your essentials are, such as bread, milk, and cheese dependent on your tastes. Cooking in bulk will save you money and time. Rice, pasta expand when inside your stomach, so you will feel fuller when eating this food type. Vegetables have a high water content as consequently, also fill you up with relative ease, not to mention the health benefits their exert. A better financial option is to cook in large quantities and freeze the excess individually. Buy airtight boxes and vacuum sealed bags which will preserve your food for up to 5 days at a time. Generally, the price per portion goes down when you cook this way because you save on energy bills and food prepping.

Filling Up Your Free Time, And Your Wallet In The Meantime

Filling Up Your Free Time, And Your Wallet In The Meantime - wallet and watch image

Image source

Time is money, and often, you won’t have enough of either. However, there are some ways to utilize the time, that you’re usually on the sofa playing PS4, to gain a little more cash flow and fill out your wallet (you could even buy a new one if yours is looking pretty tired). The following are some ideas how you earn some extra money when you’re out of the office, so those Yeezys might just become your next investment.

Use Your Camera

Filling Up Your Free Time, And Your Wallet In The Meantime - camera equipment image

Image from PEXELS

Whether you use your iPhone camera, received a Canon PowerShot for Christmas, or you’re out every weekend with your drone; if you’ve got a talent for capturing incredible images, you can make money from doing so. You never know, your side hustle could become your full-time job, and you’ll never dread Monday mornings again. Start by setting up a dedicated Instagram account for your pictures, gain some interest, and build your followers; you’ll be able to gauge what pictures go down the best, and you’ll be able to develop your skills and individual style. If your front door doesn’t lead to a Swiss landscape of a mountain and lake; there’s no need to stress about it. Taking photos of your everyday environment, whether it’s a cityscape or a suburb, will give you a personal edge and your crowd will appreciate what you’re portraying.

Before you set up an online store for your work; offer to sell your popular posts as prints. You can print your photography as they’re ordered, and you won’t have to fork out a huge sum of money upfront (unless you’re getting hundreds of orders and it’s time to start thinking about quitting your job). Do a run of themed or limited edition pieces; people love to know that they own something rare, and it’ll tempt them to buy something over just liking your post. There are a ton of other ways to sell your photography skills too; for some more ideas, take a look here:

Use Your Laptop

Filling Up Your Free Time, And Your Wallet In The Meantime - working online image

Image credit:

Instead of watching Netflix when the weather is bad outside; you could think about getting online to earn some money instead. If your laptop or tablet is a permanent fixture on your body when you’re chilling, it could be the perfect route into getting paid. If you don’t mind filling in some surveys and answering questions about yourself, then you should read more into getting paid to do so; there a number of websites that will send your regular questionnaires and pay you cash or vouchers to complete them. You can grab a beer, sit back and earn some dollars as you type; sounds like a Thursday night well spent.

If you’re a talented writer or graphic designer; think about selling your skills outside of your workplace and setting yourself up as a part time freelancer. You could start small by seeking out any local businesses or independent online stores, and asking them if they need any content or branding help. If you keep your rates reasonable, you’ll be an appealing option for small companies who have less of a budget to spend. And, if there places you already go to, to shop or eat; you might just get a free meal or a regular discount on items, which will save you money.

You may not feel like you want to sit and work on your laptop when you’re not at work, and that’s understandable. Consider an online auction site, like eBay, and start selling the items that have been hanging in your closet for months, and that you’re unlikely ever to wear or use again. Not only will you be earning more cash; you’ll be making room in your home for all the new stuff that you’ll be able to afford.

Use Your Style

Filling Up Your Free Time, And Your Wallet In The Meantime - man's style image

Image via pixabay

If you’re the type of person that’s constantly being complimented on your outfits, sneaker choices, and the hats you wear, you can turn your excellent taste and style into an income. Taking regular images and blogging about them, or uploading them to Instagram, will provide a platform for you to show what you’re wearing and how you’re styling your garments. When people respond positively to what you’re doing, it’s a sign to keep going so that you’ll build up a loyal and ever-increasing following. Check out the 50 best men’s style Instagram accounts for some inspiration.

The more popularity you gain, the more notice brands and companies will take of you; this is when you’ll be sent free items to share and wear, and be paid to advertise through your chosen channels. It seems like a pretty sweet deal when all you have to do to get paid is get dressed each morning.