Friendships need to be cared for like any other precious resource in life. A recent article in USA Today provided a good argument for the fostering and care of friendships. The author cites the importance of ongoing friendships in that they can positively impact life and health: Smarter friends make us smarter; more social friends make us more outgoing; healthy friends make us more health conscious. Who they are becomes part of us. The article left me …
Thoughtful career writers will correctly point out that self-employment isn’t for everyone. Just as being a surgeon or a carpenter isn’t for everyone, we have unique characteristics that allow us to be more successful in some jobs or endeavors versus others. This principle applies with equal force in the arena of entrepreneurship: being self-employed requires certain competencies in order to be successful. Even finer distinctions can be made within self-employment, too, so here I’m …
Americans are stressed about money. The latest report from the American Psychological Association (APA) on stress finds that money is the most frequently reported stress factor, followed by work, the economy, family responsibilities, and personal health. The report indicates that 72% of Americans feel stressed about money some of the time, and over a quarter (26%) of Americans feel stressed about money most or all of the time. According to the study, the most …
Can a disciplined approach help create wealth? Some still contend that it can only have a limited impact in most cases. However, in the case of becoming financially independent, the self-made millionaires highlighted in The Millionaire Next Door demonstrated the value of “rigid rules of behavior:” spending less than they earn, limiting the trading of investments, etc. Data Points’ research demonstrates the value of behavior and experiences in the prediction of net worth, regardless of one’s …
“Not having enough money for retirement” was the most common financial concern for Americans according to a report from Gallup. Approximately 60% of Americans were very/moderately worried about money for retirement, followed by “not being able to pay for medical costs of a serious illness/accident” (55% very/moderately worried), and then by “not being able to maintain the standard of living you enjoy” (46% very/moderately worried). Approximately 50% of Americans are “very” or “moderately” worried about three …

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