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Chat | Who is the Right Boss

9/24/2017

“In reality, to reap the most out of your job (money-wise and otherwise), you need to ﬁnd your sweet spot, where harder and better work from you equals more value to the company—and where that value is recognized, supported, and paid for.” - Vivian Tu, The Rich AF

When we start our careers, we often encounter our first boss. This discussion will focus on identifying the right type of boss to work for.

Firstly, our boss must be capable, experienced, and skilled at their job. If they are incompetent or unimportant, it will affect our performance negatively. Secondly, our boss should be our advocate - someone who can speak up for us in managerial meetings and push for our well-being, pay raises, and more opportunities. Thirdly, it's essential that our boss is empathetic towards our personal lives and trusts that we can maintain a healthy work-life balance.

If you don't find the right bus, make a change and don't waste time

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Chat | What is a Good Job

9/17/2017

“…there are basically two kinds of workplaces: ones where you can break in, work laterally, and fraternize your way into the inner circle, and ones where, no matter how hard you pat yourself on the back, no matter how good you are, you’re not going to be able to politick your way into the boys’ club.

To make those rich-person moves, you need to be able to understand the difference. Are you working somewhere you can, with a little effort, improve your workplace social status and become not just a top performer but a name-brand, known performer? Or are you working somewhere you’re stuck in a box with no ability to change how people perceive you?” - Vivian Tu, The Rich AF

Today, we will discuss what makes a good job. Answering this question can help you decide whether you should continue with your current job or look for something better suited to your needs.

Firstly, a good job should align with your long-term goals, interests, and talents. This way, you can enjoy what you do, perform efficiently, and become a top performer with minimal effort. You may need to identify your talents to find a job you truly enjoy.

Secondly, the people around you, particularly your boss, play a crucial role. Does your boss appreciate your contribution, encourage success, and invest in your growth? These factors depend on the benefits offered by your boss.

Thirdly, the organizational environment is essential. Do people recognize your abilities, invite you to the inner circle of decision-making, and consider you the go-to person for certain tasks? Do you have a reputation for doing your job well? This recognition can help you build your brand and improve your career prospects.

Finally, are you respected, well-paid, and on a healthy career path? Does your job offer opportunities to learn and grow? These are vital factors to consider when deciding whether your job is good or not.

Evaluating whether you can continuously learn and develop new skills is also important. For example, in my current job, I spend most of my time reading, learning, and innovating while delegating routine tasks to my subordinates. This way, I can stay on top of things, be an industry thought leader, and be creative instead of bogged down by mundane work.

In conclusion, a good job should align with your goals, interests, and talents, offer a supportive work environment, provide opportunities to learn and grow, and offer respect, recognition, and fair compensation.

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Questions to Ask | Before Making a Purchase

9/17/2017

If we plan to make a purchase, it's always a good idea to ask some questions to make sure that we make wise decisions and avoid buyer's remorse. Here are six essential questions to consider before making any purchase:

Do I really need this item? It's important to evaluate whether the item is a need or want. This helps us prioritize our purchases and avoid impulsive buying.
Is this the best product I can afford? We would evaluate the quality of the products and services because excellent quality leads to long-term savings.
Is it the best price for the item? Is it worth it? Research to find out if the item is available elsewhere at a lower price. Check for sales, discounts, or cheaper alternatives online or at other retailers.
How often will I use the item? Consider its utility. If we use it frequently, it might be worth the investment. If it's only for occasional use, consider whether it's worth the expense or if there's a cheaper rental option available.
What are the long-term costs associated with the item? Consider ongoing expenses such as maintenance, accessories, or energy consumption. These can add up and impact the total cost of ownership.
What is the return policy for the item? Knowing the return policy is crucial, especially for expensive or electronic items. Check if returns or exchanges are permitted and under what conditions in case the product doesn't meet our expectations or has any issues.

By asking these questions, we can ensure that we are not wasting money and that we enjoy the new possession entering our life.

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Chat｜No Budget Budgeting

9/3/2017

When people talk about money and wealth, they often start with budgeting. Budgeting is necessary because your wealth equals the money you earn minus your spending. To increase your wealth, you must live within your means, that is, to earn more and spend less. That simple.

However, creating a budget sheet that lists all your expenses and income, including active and passive income, can be tedious, and I'm not a fan of over-organizing. Therefore, I'll share some tips on how to budget without the need for budgeting sheets.

First and foremost, embracing a minimalist philosophy can be empowering. It's about buying only what you truly need, in excellent quality, and can fully utilize. You would avoid wasteful spending on unnecessary items. Secondly, it's about shifting our mindset-we don't buy things to impress others but to serve a core function or Infineon with core values we possess in our lives. This could mean focusing on our basic living needs, happiness, unforgettable experiences, and meaningful moments spent with loved ones. These are simple and apparent purchases that don't require a budget. Third, think twice before any purchase. Last, leave some to invest.

Ultimately, a budget-free approach to budgeting is about taking control of the bigger picture, spending wisely, and always spending less than you earn.

Resources

Check credit score at.annualcreditreport.com for free and without impacting the credit due to the inquiry.

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Chat | Who is the Right Boss

Chat | What is a Good Job

Questions to Ask | Before Making a Purchase

Chat｜No Budget Budgeting

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