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1. <?xml version='1.0' encoding='UTF-8'?><?xml-stylesheet href="http://www.blogger.com/styles/atom.css" type="text/css"?><feed xmlns='http://www.w3.org/2005/Atom' xmlns:openSearch='http://a9.com/-/spec/opensearchrss/1.0/' xmlns:blogger='http://schemas.google.com/blogger/2008' xmlns:georss='http://www.georss.org/georss' xmlns:gd="http://schemas.google.com/g/2005" xmlns:thr='http://purl.org/syndication/thread/1.0'><id>tag:blogger.com,1999:blog-6021480959995827760</id><updated>2025-05-09T16:53:48.159-07:00</updated><category term="Business"/><category term="Instrument Technology"/><category term="projective"/><title type='text'>potala.my.id</title><subtitle type='html'></subtitle><link rel='http://schemas.google.com/g/2005#feed' type='application/atom+xml' href='https://www.potala.my.id/feeds/posts/default'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/'/><link rel='hub' href='http://pubsubhubbub.appspot.com/'/><link rel='next' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default?start-index=26&amp;max-results=25'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><generator version='7.00' uri='http://www.blogger.com'>Blogger</generator><openSearch:totalResults>32</openSearch:totalResults><openSearch:startIndex>1</openSearch:startIndex><openSearch:itemsPerPage>25</openSearch:itemsPerPage><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-484844034300426079</id><published>2025-05-05T11:38:00.000-07:00</published><updated>2025-05-05T11:38:00.125-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'> Money Can&#39;t Purchase Happiness, However...</title><content type='html'>&lt;h1 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;Money Can&#39;t Purchase Happiness, However...&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXogaM3HMBhlwpdzTYKW5Euez_eiXBjZiMVQEVbsx020knmKINzesADA0Wpv3Ebv4vdF-zMgNNUYLD6NTbePEpeCWz14owYDPDdOW1mRQhetSTfaAEkW4D6J8NkKGG7kmj5aIM7bmHr9RuLBkrOJOvgTfTpbDpDesZeK8oYZcU1d13e4Pg3aNgcXL8IKhn/s135/Screenshot_179.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;127&quot; data-original-width=&quot;135&quot; height=&quot;312&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXogaM3HMBhlwpdzTYKW5Euez_eiXBjZiMVQEVbsx020knmKINzesADA0Wpv3Ebv4vdF-zMgNNUYLD6NTbePEpeCWz14owYDPDdOW1mRQhetSTfaAEkW4D6J8NkKGG7kmj5aIM7bmHr9RuLBkrOJOvgTfTpbDpDesZeK8oYZcU1d13e4Pg3aNgcXL8IKhn/w332-h312/Screenshot_179.png&quot; width=&quot;332&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;/h1&gt;&lt;br /&gt;
2. <br /> The saying, "money can't buy happiness," was once taken for granted as a proverb or aphorism.  But a lot of study has come out of the years that tries to explain this old statement a bit better. <br /> Researchers have shown that people's perceptions of their own happiness do not alter much depending on their socioeconomic status.  The opposite is true in many parts of the world; those living in poverty tend to report higher levels of happiness.  People who just have less frantic and materialistic lives than the majority of us in more industrialised environments are what I have in mind here, not those who are starving or in other severe conditions.
3. <br /><br /> Lots of ideas exist, but one common belief is that the poorer a person is, the more pleasure they report having. This is supposedly due to the fact that they have fewer worries and hence require less things to make them happy.  People spend more time engaging in family activities and other interactions when they have fewer belongings and fewer opportunities for enjoyment, compared to when they are well affluent.  Because of the substantial correlation between marital and familial relationships and subjective experiences of well-being, some research suggests that low-income families may actually be happier overall.  Obviously, no one has to endure life in a developing nation.  Even among the poorest citizens of developed nations like the US, similar results have been shown.
4. <br /> Because there are so many studies on the topic, you can find any number of them by searching for the term "money can't buy happiness" on any search engine. Therefore, I will not cite any specific references or statistics.
5. <br /> That doesn't mean you should actively seek for poverty if you're already wealthy; it just means you shouldn't expect to be pleased if you do.  By the way, while most of us have an idea of what it means to be poor, have you ever considered the possibility that the majority of us don't have a firm grasp on what it means to be rich?
6. <br /> A large house and a fine car could make some people think that a person is "rich," but in reality, these things are usually better signs of debt than prosperity.  Debt, not wealth, is symbolised by a huge mortgage on a large property or a hefty monthly payment on a great car.
7. <br /> Also, there's a widespread belief that anybody with a salary beyond a particular level is "rich," particularly if that salary is higher than the so-called "magic" million dollars.  Absolutely not!  Most people who earn $100,000 a year are not rich, as any $100,000 earner can tell you.
8. <br /> Earnings can vary pretty high without a person being truly "rich" because most people who earn more tend to spend more.
9. <br /> The question therefore becomes: how exactly is wealth defined?  In particular, I adore the one that Bill Cosby provided in response to a question posed by his kids on "The Cosby Show," his legendary television series that ran from 1984 to 1992.  As they broached the subject of wealth, he made the observation that, "people who are not rich work for their money, whereas rich people's money works for them."  Not only is it widely acknowledged as accurate, but it is also among the best definitions you will discover.
10. <br /> People who are wealthy work because they enjoy it, not because it's a necessity; this is one of the widely held beliefs about what it means to be wealthy.
11. <br /> Continually believe that material wealth cannot purchase contentment?  Is it feasible that if you are financially able to work less, you may spend more time with your family, making you and your family happier? After all, the happiest people in the world are said to be those who spend the most time with their families.
12. <br /> Consider this additional point:  Owners of their own businesses account for the vast majority of the world's rich.  The majority of millionaires (almost 70%) are also company owners.
13. <br /> Even if you don't have a tonne of money, you may still reap a lot of the rewards of a successful home-based business.
14. <br /> We already know that the thing that makes the majority of people happy is spending time with their loved ones.  If you find that your current job or occupation forces you to work long hours and travel a lot, leaving little time for family or other things you enjoy, starting a home business can be a great way to earn some extra money and cut down on the amount of time you have to spend away from home.
15. <br /> Maintaining excellent health ranks high among the factors that contribute to an individual's sense of well-being.  Actually, when asked which is more important, having excellent health or having money, the majority of individuals would choose good health.  Money is nothing if it can't buy you good health, isn't it?
16. <br /> Are you aware that, for the majority of individuals, a high salary directly correlates to excellent health?  For example, low-income families often struggle to afford the food and nutrition their members need to stay in peak physical and mental health. Similarly, they may struggle to pay for the high-quality medical insurance that is necessary to guarantee that their members receive the treatment they need in the event of an emergency or illness.
17. <br /> Among the many things that money can purchase is freedom of choice.  Those who are financially well-off can buy whatever they want, while those who are less fortunate have to settle for what they can afford.  Wealthy people not only have the means to purchase the most comprehensive health insurance plans, but they also usually have greater freedom of choice in the providers and facilities they visit for medical treatment.  For those struggling financially, access to health care might be severely limited, if not nonexistent, altogether.
18. <br /> Of course, the food we eat is also a major factor in our overall health.  Did you ever think about how much more affordable and convenient junk food is compared to the high-quality foods that have been shown to be good for our health?
19. <br /> For example, less healthful food options, such as potato chips, snack foods, junk food, and vegetables, tend to be significantly more affordable than fresh fruits and vegetables.  There is a price difference between cheaper cuts of meat and high-quality meats (which have less fat).  The price of conventionally farmed food is lower than that of organic food.  Furthermore, it is often known that individuals tend to eat better, have better insurance, and generally be healthier when they have more education and a greater income.  Happiness is a byproduct of good health.  Continually believe that material wealth cannot purchase contentment?
20. <br /> For many, feeling secure is one of the most important factors in determining their level of happiness.  Fear is the polar opposite of safety, and as we'll see shortly, stress is directly tied to fear.  Are you behind the wheel of a less-than-ideal vehicle that fails to provide you with the level of peace of mind you desire?  Houses that are well-built and well-maintained often have better security and comfort features than those that are not.  A person's level of happiness is likely to be lower if they are unable to afford the home and neighbourhood of their dreams.
21. <br /> We have covered some of the things that studies have consistently shown to increase happiness; however, what about stress, which is known to be one of the main factors that lead to depression?
22. <br /> Stress has been shown to have negative health effects in addition to making individuals miserable.  Poor health is a possible outcome of stress.
23. <br /> One could argue that people's stress levels rise in direct proportion to their wealth.  And, naturally, there are others who can never be happy.  They appear to bring more trouble upon themselves as their income rises, as the more they spend, the more they need to worry about.  That, however, is by no means an exhaustive list of all monetary activities.
24. <br /> More money can directly translate to reduced financial stress, except those who are never happy and always have more than enough.  A joyful individual experiences less stress.
25. <br /> Stress levels are likely to be higher for those who are perpetually living pay cheque to pay cheque or who do not have the funds to cover their expenses.
26. <br /> Having extra money allows you to indulge in luxury, unwind, and pamper yourself, which in turn reduces stress, increases happiness, and improves your physical health.
27. <br /> People look up to celebrities and the wealthy because they seem so much younger than they actually are.  Disregarding the effects of cosmetic surgery, the aforementioned benefits are major contributors.  The lives of celebrities are usually lavish and full with extravagance.  More delicious food, less tension, more downtime, less wrinkles :)
28. <br /> The people who declare, "money can't buy happiness," are usually the ones who have never had or don't have any.  Why else would they be in the dark?  While the affluent may claim, "money can't buy happiness," they will almost certainly follow up by saying, "rather be with it than without it."
29. <br /> Do you still believe that material wealth cannot purchase contentment?  Maybe you should reconsider if that's the case...
30. <br /> If you find this article useful, you can repost it on your site with proper attribution (i.e., linking back to http://www.abcincome.com) and no changes made to the resources used.
31. &lt;br /&gt; Oh my goodness!</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/484844034300426079/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2025/05/money-cant-purchase-happiness-however.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/484844034300426079'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/484844034300426079'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2025/05/money-cant-purchase-happiness-however.html' title=' Money Can&#39;t Purchase Happiness, However...'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXogaM3HMBhlwpdzTYKW5Euez_eiXBjZiMVQEVbsx020knmKINzesADA0Wpv3Ebv4vdF-zMgNNUYLD6NTbePEpeCWz14owYDPDdOW1mRQhetSTfaAEkW4D6J8NkKGG7kmj5aIM7bmHr9RuLBkrOJOvgTfTpbDpDesZeK8oYZcU1d13e4Pg3aNgcXL8IKhn/s72-w332-h312-c/Screenshot_179.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-6870048052289220253</id><published>2025-05-02T11:38:00.000-07:00</published><updated>2025-05-02T11:38:13.407-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'> the benefits of using a demo FX account rather than a real one</title><content type='html'>&lt;h1 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;the benefits of using a demo FX account rather than a real one&lt;/h1&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnZ0jkrAuKJsQg7EaKdx7CQTL1vtkTI4XUwjBmDCJbRotSdkksMslmrrgHbQx-1wcnkQRU2BFiwz7cVT8tu5RdKyOnStqcQY_pK1So-ZjeUD9odoSmDE5JZ9mDumcKXjWd3nEhAB0GQMYDIE3wEO8I-Kml-IUWa1MnyivEwh-aYVk1358_REgVfhedBz88/s251/Screenshot_178.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;141&quot; data-original-width=&quot;251&quot; height=&quot;225&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnZ0jkrAuKJsQg7EaKdx7CQTL1vtkTI4XUwjBmDCJbRotSdkksMslmrrgHbQx-1wcnkQRU2BFiwz7cVT8tu5RdKyOnStqcQY_pK1So-ZjeUD9odoSmDE5JZ9mDumcKXjWd3nEhAB0GQMYDIE3wEO8I-Kml-IUWa1MnyivEwh-aYVk1358_REgVfhedBz88/w401-h225/Screenshot_178.png&quot; width=&quot;401&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt; Online currency trading has seen massive growth in popularity over the last several years.   With the promise of quick cash, online FX broking firms daily entice new investors, who stand in queue with a twinkle in their eye.   To give you a taste of what it&#39;s like to trade currencies, most of these firms provide free demo accounts where you may practise trading utilising their platform.   There are a lot of young traders who discover they can make a lot of money with little to no work in the casual world of free trial accounts.   All signs point to it being a hoax.   However, it is extremely unusual to be able to take your winnings from a practice account and apply them to a real one.   Just why is this the case?   Since the market doesn&#39;t distinguish between demo and genuine traders, the real trading platform acts identically.   Who has changed? You.   The things that influence you are unique, but not you personally or the way you trade.&lt;br /&gt; In trading, what is the most important factor?
32. <br /><br /> Throughout market history, there has been a consistent thread: the pursuit of the "Holy Grail" of trading.   An assortment of methods is available.   Fundamental analysis is more suited to individuals who are interested in the broad picture and rational macro viewpoint, but technical analysis may be more appealing to those who are good with numbers and can see patterns.   Then there are more particular approaches, like as trend tracking, swing trading, or even more abstract concepts, such as Elliot Wave theory.   Do you have a preference?   Traders that have had great success utilising each approach can be found.  
33. <br /> Why don't we ask, "What is the key factor to trading failure?" instead of "Why do most new traders lose money?"
34. <br /> Afraid and Greed
35. <br /> The volatile emotions of greed and terror abound in the trading environment.   The present price of a financial instrument or asset at any particular moment can be seen as the meeting point of bullish and bearish sentiment.   Humanity revolves around these two feelings.   Trading can be a high-stakes event when market data is released.   When you're in danger, your body generates adrenaline, which makes you more aggressive (fight) and more afraid (flight).   The intensity of these feelings can make you act impulsively, defy your system, rules, or trading plan, and make foolish decisions.   While this is a hardwired reaction, it may also be a trader's undoing, particularly when up against more well-funded, clever, and seasoned opponents who are adept at playing on emotions.  
36. <br /> Even when you're not actively trading, you're likely to be impacted by one of these two emotions as a trader.  
37. <br /> How your trading is affected by greed and fear
38. <br /> When you're in a rising market, your greed wants you to keep buying, but your fear wants you to cash out while you can.   You might hang onto a losing position out of fear that you're wrong, but greed can lead you to "average down" your position (buy more) and make a comeback easier if it continues to fall.
39. <br /> Fear tells you not to invest when the market is rising because you'll miss out on easy money, but greed makes you jump in right after the market has risen the most, right before it starts to fall.   When the market is falling and you haven't invested, your greed may be encouraging you to jump in because the price is low, but your fear may be warning you to move fast or miss out on this chance.  
40. <br /> Maybe if we could isolate the emotions of greed and fear, for example, we could learn to rein in our stronger feelings.   However, it is frequently impossible to ignore their simultaneous whispers when both of these little devils are present.
41. <br /> The Exhilaration of Power
42. <br /> You will experience the rush of avarice the first time you engage in foreign exchange trading.   With your brain flooded with feel-good neurotransmitters and your imagination buzzing with dreams of immense wealth soon to be yours, it is an exhilarating sensation.   The nature of greed makes it fearless, violent, and thrilling.   It has the potential to control your mind and body.   Think of all the things that could happen!  
43. <br /> The allure of 100:1 or 200:1 leverage rates and the promise of quick cash is what initially lures us to foreign exchange trading.   It motivates us to act irrationally and without restraint because it inspires us to do so.
44. <br /> While "Greed is good" in theory, the movie Wall Street's Gordon Gecko warns that it can lead to disastrous consequences if one isn't careful.   One of the most prevalent methods of manipulating individuals is by appealing to their greed.   You are prone to abandon all reason and logic when greed strikes, and every get-rich-quick scam that claims to offer immense wealth for little to no initial investment plays on this tendency.   You start to lose sight of the obvious red flags because the argument is getting too convincing.   Like a pair of inebriated goggles, greed can deceive you, leaving you in a very dangerous position when you finally come to your senses.
45. <br /> Just as harmful is the fear of losing fear itself.   Being afraid of seeming foolish is the most powerful and manipulable fear you can have.   Anxieties about having your pride shattered.   As a result of this anxiety, some people act in a completely foolish manner.   The irony of our reality is that we all believe we are absolutely correct.   Instead than admitting they were mistaken, most people would prefer to lose thousands of dollars.   Feeling ashamed of trading losses and refusing to acknowledge them is a damaging practice that many people engage in.   You can guarantee that the problem will persist in the future if you refuse to acknowledge its existence and take action to resolve it.
46. <br /> Practice Trading
47. <br /> To begin trading foreign exchange, demo trading is an excellent option.   With the exception of utilising "pretend" money, it's the same as actual trading.   Learn the ins and outs of market movement with the help of a demo trading account.   The fact that it promotes further study of international finance, macroeconomics, and geopolitics is highly commendable.  
48. <br /> You can also experience the ecstasy of greed through demo trading.   Trading allows access to a sort of greed that is raw, unfiltered, and extremely powerful.   Making money is the driving force behind trading, and the more money you make, the stronger the tug of greed is.   You can feel completely possessed by its euphoric effects.  
49. <br /> Demo trading, however, does not teach you to be afraid.   Demo trading puts your fears to rest.   Having this card is like having an unlimited supply of free passes.   Just create a new account if you're having a lot of trouble winning on the demo.   Only your trading successes will be acknowledged; your trading failures will not be held accountable.  
50. <br /> Therefore, you will not learn to control your fearful emotions in your demo account.   Your downfall is likely to be caused by this emotion.   You risk getting overextended due to greed, but you won't be able to cut your losses because of fear.   Although it seems like cutting losses would be the sensible thing to do if you're worried about losing money, the real worry is of being wrong, which makes you hang on to a losing position until it's gone.
51. <br /> Another consideration is the size of the account.   The $50,000 starting bankroll is available in many demo accounts.   Five lots (500,000) of EUR/USD can be purchased with relative ease with this capitalisation.   You will have made $1,000 if it goes up 20 pips.   Great job.   However, when you start your actual account, you probably deposit $5,000 or $10,000 initially.   Now if you're working with a $50,000 lot, a 20-pip fluctuation will result in a $100 loss.   However, since you are accustomed to receiving $1,000 for that action, you tend to take more risks.   By the time you realise it, you've lost $1,000 and your 200K position has gone south by 50 pips.   You just lost some serious cash.   Creating a new account is not an option.  
52. <br /> The demo account has enough money in it to let you lose and still come out ahead.   You will quickly go bankrupt if you try to replicate the results you obtained on your demo account with your real account, which is likely to be undercapitalised.
53. <br /> Being truthful to oneself
54. <br /> Demo accounts are a great way to learn the ropes of foreign exchange trading, but they can't tell you much about how well you'll do with real money.   Psychological factors have a far larger impact on market behaviour than basic logic or technical indications.   Mastering self-control, especially in the face of greed and fear, will be the most important skill you can develop for successful trading.   Because of these feelings, you end up trading carelessly.   The sense of greed is introduced through demo accounts, but there is no fear because they are risk-free.   You shouldn't put too much stock in the gains you anticipate because they are probably better funded than your real money account.  
55. <br /> Most importantly, among all these reasons, using a sample account prevents you from being truthful with yourself.   Being truthful with yourself is the first step in knowing your limits and knowing your edge.  
56. <br /> Still, I think anyone interested in trying out the thrilling world of foreign exchange trading would benefit much from creating a sample account; they are both amusing and educational.   You can improve your knowledge of economics, international politics, and even yourself through this method.  
57. &lt;br /&gt; Oh my goodness!</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/6870048052289220253/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2025/05/the-benefits-of-using-demo-fx-account.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/6870048052289220253'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/6870048052289220253'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2025/05/the-benefits-of-using-demo-fx-account.html' title=' the benefits of using a demo FX account rather than a real one'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnZ0jkrAuKJsQg7EaKdx7CQTL1vtkTI4XUwjBmDCJbRotSdkksMslmrrgHbQx-1wcnkQRU2BFiwz7cVT8tu5RdKyOnStqcQY_pK1So-ZjeUD9odoSmDE5JZ9mDumcKXjWd3nEhAB0GQMYDIE3wEO8I-Kml-IUWa1MnyivEwh-aYVk1358_REgVfhedBz88/s72-w401-h225-c/Screenshot_178.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-1553249542040128489</id><published>2024-11-08T21:50:00.000-08:00</published><updated>2024-11-08T21:50:00.119-08:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'> How Business Models and Strategies Affect Organisational Performance</title><content type='html'>&lt;h1 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;How Business Models and Strategies Affect Organisational Performance&lt;/h1&gt;&lt;h1 style=&quot;text-align: left;&quot;&gt;&lt;br /&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzAXEIf_GfQuTXJv2MIJYKV0l8OFvzSyxK7J1xKMI3Xbv0zbXFz_P0Qe7EwLfdyD4WAcK3h13z6aOjselK8N2KhZX8pSN0FXBObQMcRIM1de-p9SLaXNQCZXKlZy7BKgffP8XAJaPDOtvJ55cPINb1WyDcHmiFLNoQTt7ipmkMqhuKeJoyPn0oBYBFNCiG/s287/Screenshot_32.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;160&quot; data-original-width=&quot;287&quot; height=&quot;277&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzAXEIf_GfQuTXJv2MIJYKV0l8OFvzSyxK7J1xKMI3Xbv0zbXFz_P0Qe7EwLfdyD4WAcK3h13z6aOjselK8N2KhZX8pSN0FXBObQMcRIM1de-p9SLaXNQCZXKlZy7BKgffP8XAJaPDOtvJ55cPINb1WyDcHmiFLNoQTt7ipmkMqhuKeJoyPn0oBYBFNCiG/w497-h277/Screenshot_32.png&quot; width=&quot;497&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;/h1&gt;&lt;br /&gt;A well-researched business plan is essential when launching a company, as everyone will tell you. Although it is not always necessary to start with writing a business plan, doing so is typically a good idea, especially if you are inexperienced with company management or need funding. Prior to draughting the business strategy, you must finish the following two tasks:The company&#39;s strategyIt is the plan
58. <br />
59. <br />A business model is...
60. <br />Even though most people think of mathematical formulae when they hear the word "model," a business model is really just a narrative outlining the inner workings of a company. In a nutshell, a company's revenue-generating mechanism is its business model. Companies, whether new and old, use business models to guide their efforts in bringing innovative goods and services to consumers. Henry Chesbrough and Richard S. Rosenbloom described the six pillars of a company model in their article titled "The Role of the Business Model in Capturing Value from Innovation":Defining the product's value proposition entails explaining what the product can do for consumers.Determine the target audience; explain how the company makes money; and describe the product's value proposition.The value chain can be defined as the series of steps and data needed by a business to create, sell, distribute, and maintain its product or service.Using the value proposition and value chain that have been defined, determine the probable profit and cost structure.Include the company's suppliers, customers, complementors, and competitors in your description of the value network.Think of a way to get an edge over your competition and keep it. That's the competitive strategy.
61. <br />
62. <br />Why company Models Matter, an article by Joan Magretta, expanded on this idea of a company model. Two important tests, according to Magretta, must be passed by every business model: the narrative test and the numbers test. The narrative test needs to paint a vivid picture of the firm's operations, the customer, their values, and the ways in which the organisation can meet those needs. Your profit and loss projections need to balance in order to pass the numbers test. To put it simply, if your model is not functional, it has failed at least one of the two tests.
63. <br />You need to state the product's or service's value proposition before you can start modelling it. After that, the intended audience must be defined by the model. After that, the product's worth to the buyer will depend on how well it cuts costs, fixes an issue, or comes up with new ideas. In order to resolve product trade-offs like quality versus cost, it is necessary to focus on the market to determine which product features should be targeted. You must also determine the pricing and the method of payment for the customer.
64. <br />Business modelling is like the scientific approach in management: you make a hypothesis, put it to the test, and adjust as needed. By drawing attention to the interconnected nature of the company's many parts and processes, the business model may also serve as a tool for strategic planning. A business model, in its simplest form, should comprise: a diagram showing the company's revenue generation, cash flow, and product flow; and a narrative explaining the product or service's components, financial predictions, or anything else that the diagram doesn't cover.
65. <br />Models and Strategies for Businesses
66. <br />Finishing a business model is not the same as preparing strategically. A company model ignores competition, but strategic planning takes it into account.
67. <br />Strategy, what is it?
68. <br />One definition of strategy is "a specific long-term plan for success" in the Collins English Dictionary. To keep things simple, we will define strategy as a plan to outmanoeuvre the opposition. The point of any good business strategy is to help the company carve out a niche for itself in the market, where it can stand out from the competition and weather the inevitable storms of market competition. To achieve this goal, the organisation needs to select a set of actions that can provide a distinct combination of benefits.
69. <br />Strategy and Market Factors
70. <br />Finding out how a business does in relation to fundamental market factors, both in terms of defence against and influence over these forces, is the bedrock of strategy selection. Michael E. Porter kindly provided us with a definition of these market factors in his paper How Competitive factors Shape Strategy. These are the five factors that make up Porter's 5 forces:Competition in the sector can take many forms, including price wars, the introduction of new products, and advertising slugfests.New competitors pose a risk, the intensity of which is proportional to the obstacles to entrance and the response from established businesses. Entry is hindered by six main factors: Scale-based cost reductions 2) differentiating products 3) capital needs 5) availability of distribution channels 6) size-independent cost disadvantages 6. Policy of the government. If the current player in an industry has a lot of money to throw around, is showing signs of cutting prices, or isn't growing very quickly, prospective entrants will think twice before jumping in.Competitors' products and services pose a danger since they might cap pricing and restrict an industry's growth.Supplier bargaining power: suppliers can increase prices or decrease product quality to squeeze profits.Customers have a lot of negotiating power since they can demand lower pricing, higher quality, and more service, or even play competitors off against each other.
71. <br />
72. <br />You can't know where your business stands in relation to the market factors impacting your industry's competitors without first understanding what those forces are and how they're influencing it. Potential strategies may involve:The process of positioning a business entails assessing your own capabilities in relation to those of the industry in which it operates, fortifying yourself against competitive pressures, or securing a position in the industry where these forces are least strong. The strengths and weaknesses of your business, as well as the factors that drive competition, must be understood.Strike a balance by being aggressive; for instance, creative advertising can increase product recognition or set it out from the competition.Capitalising on shifts in the market An industry's landscape can alter as a result of shifts in the market dynamic. If, for instance, product differentiation decreases and/or industry life-cycle growth rates fluctuate, you should be prepared to adapt to these changes by anticipating and adjusting to changes in the underlying variables.
73. <br />
74. <br />The answer to the question "what is the potential of this business?" can be found by following the framework that is used for industry analysis and strategy development.
75. <br />Harmonising the Company's Model and Approach
76. <br />To clarify the distinction between a business model and a strategy, I will provide a brief example. You would assume Wal-Mart came up with a novel business plan when it was just starting out, but in fact, it was really quite similar to what Kmart was doing. The true secret to Sam Walton's success, though, was the things he decided to do differently than Kmart, including target smaller towns rather than big cities and offer everyday low pricing. Sam Walton was successful despite using the identical model as Kmart; what set him apart was his innovative approach.
77. <br />Oh my goodness!<br /><br />
78. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/1553249542040128489/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2024/11/how-business-models-and-strategies.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/1553249542040128489'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/1553249542040128489'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2024/11/how-business-models-and-strategies.html' title=' How Business Models and Strategies Affect Organisational Performance'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzAXEIf_GfQuTXJv2MIJYKV0l8OFvzSyxK7J1xKMI3Xbv0zbXFz_P0Qe7EwLfdyD4WAcK3h13z6aOjselK8N2KhZX8pSN0FXBObQMcRIM1de-p9SLaXNQCZXKlZy7BKgffP8XAJaPDOtvJ55cPINb1WyDcHmiFLNoQTt7ipmkMqhuKeJoyPn0oBYBFNCiG/s72-w497-h277-c/Screenshot_32.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-2439235241369574688</id><published>2024-11-07T21:49:00.005-08:00</published><updated>2024-11-07T21:49:52.875-08:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'>Greater Demand, Less Time in the Supply Chain</title><content type='html'>&lt;h1 style=&quot;text-align: left;&quot;&gt;Greater Demand, Less Time in the Supply Chain&lt;/h1&gt;&lt;h1 style=&quot;text-align: left;&quot;&gt;&lt;br /&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfxp8w1sp4WpvY72RCypSJuG_XsPZJayOlrHad9_6gdOShCOX_QZKRlM7TUscvFPcrYrd-3QcRaK7FITPMbyGuHxXk9i8FIbYo8sg26GAzOP_rops1NWTThT44RMmjiLqCZobR1ZcrD7bnCgghj6e84pLF5_t0tG50sqC8X8rqXGC8gRgdGYulueS7EQhT/s274/Screenshot_31.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;171&quot; data-original-width=&quot;274&quot; height=&quot;285&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfxp8w1sp4WpvY72RCypSJuG_XsPZJayOlrHad9_6gdOShCOX_QZKRlM7TUscvFPcrYrd-3QcRaK7FITPMbyGuHxXk9i8FIbYo8sg26GAzOP_rops1NWTThT44RMmjiLqCZobR1ZcrD7bnCgghj6e84pLF5_t0tG50sqC8X8rqXGC8gRgdGYulueS7EQhT/w457-h285/Screenshot_31.png&quot; width=&quot;457&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;/h1&gt;&lt;br /&gt;There have been significant shifts in parcel shipping practices within the last several years. Industry insiders refer to these shifts as &quot;the shortening of the supply chain.&quot; Most of these alterations are the result of impatience. An intriguing statement that captures a range of consumer sentiments and company approaches.&lt;br /&gt;As a result of shorter supply chains, consumers are less patient with &quot;out of stock&quot; or processing delays, and they are less willing to wait for their orders to arrive.
79. <br /><br />Slashing inventory turns, "crossdocking" as much merchandise as possible, and maintaining full inventory on hand at all times are all ways a seller can shorten their supply chain and fulfil these greater customer expectations. Online retailers have been promising customers in-stock products, 24-hour product delivery, and order tracking since the dawn of the "dot-com" age. This degree of service is currently considered the bare minimum for what is considered acceptable in the market.
80. <br />The onus is on package carriers to satisfy both buyers and sellers, and they must do it at continuously lower rates while providing service levels never seen before. Thankfully, the distribution technology needed to achieve these ambitious objectives does not yet exist.
81. <br />Keeping up with the latest market demands while designing a parcel distribution centre necessitates researching and studying new processes and technologies in depth. Thankfully, at least the end goals are crystal clear: to move products through the distribution centre as quickly, accurately, and cheaply as feasible.
82. <br />The present array of items and order sizes is too much for outdated techniques and systems to manage efficiently and affordably. On the flip side, modern distribution centres are more accountable than ever before, handle more merchandise faster and cheaper, and provide clients more visibility into their orders. Obviously, you can't expect a simple, "everything for everybody" solution to magically fix all your issues and replace all your previous methods. If if it were that simple, but alas, it is not.
83. <br />Emerging Technology at Your Disposal
84. <br />Building distribution centres from the ground up is the surest way to get maximum efficiency. The ideal place to begin is with nothing but a blank slate, but if you can't get a fresh start and must update an out-of-date operation to meet modern requirements, a modular approach using contemporary technology and techniques will do almost as well.
85. <br />A word of warning, though: in order to achieve performance levels typical in the industry, modern software systems depend on highly developed hardware and technologically advanced material handling equipment, and these two things really do work "hand in hand." That is to say, an out-of-date system will not work with new software. In order to transform a simple manual process into a fully automated, highly productive one, it may be necessary to upgrade many systems simultaneously.
86. <br />Computer programs. More automated processes are supported by modern WMS (Warehouse Management Systems) thanks to "best practice" methodology. Numerous "second tier" WMS providers, such Radio Beacon and Softeon, have created cutting-edge, technologically sophisticated solutions that are incredibly affordable, provide flexible deployment according to customer requirements, and can handle the most intricate distribution scenarios. A critical-path decision in allowing current distribution procedures is choosing the suitable software systems vendor.
87. <br />Systems technology controls the flow of materials throughout the Distribution Centre. Transaction software using voice recognition is a relatively new example. In the 1990s, this technology was started to be integrated into the distribution centres of The May Company, a prominent American retailer. This was incredibly innovative and groundbreaking when it was done. Voice recognition systems now routinely handle receiving, putting away, and picking with far greater precision and efficiency.
88. <br />Identifying Products. The most recent innovation in production identification technology, RF ID, allows users to program tiny chips—the size of a pencil tip—with data capabilities that outstrip barcode scanning in areas such as receiving, inventory management, and shipping carton identification. These chips will be mandatory for major vendors at WAL-MART by 2005. A RF ID technology test facility had been established at the Massachusetts Institute of Technology (MIT) for the express purpose of studying its potential commercial applications.
89. <br />Data Sorting by Unit. The material handling industry has developed systems to accommodate any level of demand for the activities that carry out actual "fulfilment" (i.e., fulfilling orders by selecting specific units). Systems that are generally accessible are "Pick to light" and "Put to light," which are software-driven alternatives to manual picking. Even better, there are a plethora of vendors offering unit sortation systems at both low and moderate rates. The most aggressive return on investment (ROI) calculations in corporations can no longer justify the cost of unit sortation.
90. <br />Order/Carton size. More frequent, smaller orders are becoming the norm as a result of higher levels of customer service. The increased production of tiny, lightweight boxes as a result of this occurrence need some sort of handling. Equipment providers have adjusted their offerings to match the new minimum dimension and weight requirements for conveyable cartons.
91. <br />Parameters for minimum carton weight used by mechanical conveying systems in the past are no longer practical. Electronically controlled accumulation conveyors, made by a few number of manufacturers, essentially do not require a minimum weight. Low voltage, separately powered rollers are a hallmark of the most advanced of these conveyors, making them easy to maintain and economical to run. The Versa conveyor company set the benchmark for carton handling more than ten years ago when they pioneered this technology for the USPS.
92. <br />Classification of Carton Contents. As a whole, outgoing carton sortation technology has been impacted by increased facility. The capacity to integrate products quickly and feed the sorter at high rates is the foundation for high-rate carton sorting, as most system designers are aware. Intelligrated is one of several systems suppliers that has created solutions for ultra-high rate product handling. These solutions combine very efficient merge technology with high-speed carton sortation systems. High rates with expected product handling accuracies are delivered via a "plug and play" back end distribution system.
93. <br />Pre-owned equipment opportunities. Despite companies cutting back on capital spending, there is some good news. You can find sites to get a good deal, where you can buy reasonably new technology for less than you would expect.
94. <br />There is a lot of pressure on sellers and distribution centres to fulfil the ever-increasing expectations of customers, as I said at the beginning of the post. The truth is that not everyone was cautious with their wording or good at keeping their word. As a result, several dot-coms have gone under, leaving behind distribution systems worth millions of dollars; what they lost could be your gain. You can save hundreds of thousands—if not millions—of dollars if you find the correct partner for this second-market mechanisation. "Right time, right place" describes this opportunity perfectly.
95. <br />In summary
96. <br />Finally, a complete and economical distribution plan, involving the implementation of rather complicated information systems and reasonably advanced material handling technologies, is necessary to accommodate a reduced supply chain. The market demands this. To keep up with the competition, you really do not have a choice. There is good news: the procedure uses proven technology with attractive and guaranteed returns, so there is minimal genuine risk.
97. <br />Oh my goodness!<br /><br />
98. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/2439235241369574688/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2024/11/greater-demand-less-time-in-supply-chain.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/2439235241369574688'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/2439235241369574688'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2024/11/greater-demand-less-time-in-supply-chain.html' title='Greater Demand, Less Time in the Supply Chain'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfxp8w1sp4WpvY72RCypSJuG_XsPZJayOlrHad9_6gdOShCOX_QZKRlM7TUscvFPcrYrd-3QcRaK7FITPMbyGuHxXk9i8FIbYo8sg26GAzOP_rops1NWTThT44RMmjiLqCZobR1ZcrD7bnCgghj6e84pLF5_t0tG50sqC8X8rqXGC8gRgdGYulueS7EQhT/s72-w457-h285-c/Screenshot_31.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-8977296843296349566</id><published>2024-10-14T10:45:00.000-07:00</published><updated>2024-10-14T10:45:00.116-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><category scheme="http://www.blogger.com/atom/ns#" term="projective"/><title type='text'>Top 10 Things to Consider on Home Loans</title><content type='html'>&lt;h1 style=&quot;text-align: left;&quot;&gt;Top 10 Things to Consider on Home Loans&lt;/h1&gt;&lt;h1 style=&quot;text-align: left;&quot;&gt;&lt;br /&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidyDSX0PQ15npgVhbS4SQv79RcRMVSylnKN4Jbld4MXB5qHAgu26ttLvgO10WOUMIJXPk-Ocf2ZzMoPju6JKlRKRMt-1zJfzLqxn4GfUtEfz8SLW0FMmtK-QUaq7HwJka1zlMeqx_78LMMum96HleLCFGH61D3mJ-mmKSOu28DCjAW5IEIqiMJSzOLHNQh/s290/Screenshot_86.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;165&quot; data-original-width=&quot;290&quot; height=&quot;296&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidyDSX0PQ15npgVhbS4SQv79RcRMVSylnKN4Jbld4MXB5qHAgu26ttLvgO10WOUMIJXPk-Ocf2ZzMoPju6JKlRKRMt-1zJfzLqxn4GfUtEfz8SLW0FMmtK-QUaq7HwJka1zlMeqx_78LMMum96HleLCFGH61D3mJ-mmKSOu28DCjAW5IEIqiMJSzOLHNQh/w520-h296/Screenshot_86.png&quot; width=&quot;520&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;/h1&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;&lt;p&gt;1.&lt;span style=&quot;white-space: pre;&quot;&gt; &lt;/span&gt;Down-Payment - As a general rule of thumb, lenders will be seeking contribution from you of around 3% to 6% of the total loan value.&amp;nbsp; This can be negotiable, and there are many loan packages available.&lt;/p&gt;&lt;p&gt;2.&lt;span style=&quot;white-space: pre;&quot;&gt; &lt;/span&gt;Fixed versus Adjustable – The two most common loan products available for home mortgages are fixed rate versus adjustable rate.&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p&gt;Fixed rate means that you agree on an APR (annual percentage rate) that does not change through the life of the loan, whereas, an Adjustable Rate Mortgage, better known as an ARM, means that rates and monthly payments can change, often tied to the U.S. Government Treasury Bills or some other form of “index”, with the frequency of change dependent upon the terms of the loan.&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p&gt;Deciding on which way to go involves many variables.&amp;nbsp; We suggest that you start by examining the fixed rate products available on the market.&amp;nbsp; They are by far the most popular, and arguably with the least amount of risk.&amp;nbsp; After evaluating several preliminary loan offers (quotes) for fixed rate mortgages, you can then venture into the world of ARM’s to see if one of these products may be right for you.&amp;nbsp; But, proceed with caution, and understand all the risks, alongside any potential benefits.&lt;/p&gt;&lt;p&gt;3.&lt;span style=&quot;white-space: pre;&quot;&gt; &lt;/span&gt;APR – APR, better known as the annual percentage rate, aka: “rate”, is arguably the most important consideration you must examine when looking for a loan.&amp;nbsp; The APR includes principle, interest, “points”, fees, PMI (Mortgage insurance), and other costs associated with the loan.&amp;nbsp; While all costs and terms are significant and affect the bottom line, we suggest that shopping rate is a very good starting point.&lt;/p&gt;&lt;p&gt;4.&lt;span style=&quot;white-space: pre;&quot;&gt; &lt;/span&gt;Loan Types:&amp;nbsp; There are several standard loan products to look for, including 30 year fixed, 15 year fixed, bi-weekly mortgages, 1 month ARM’s, 5 year fixed ARM’s, 2nd Fixed, ARM’s with a provision to convert after 5 years, lender buydowns, and discounted mortgages.&lt;/p&gt;&lt;p&gt;We think the best place to start, is to obtain quotes for a 30 year fixed rate loan, and then go from there.&amp;nbsp; 30 year fixed rate loans generally produce the lowest monthly payments for fixed rate products, and they are relatively safe.&amp;nbsp; Once you know where you stand with a 30 year fixed, after obtaining quotes from several lending institutions, then you can consider the possibility of exploring more exotic loan products.&amp;nbsp; &amp;nbsp;At this juncture, you will want to consult with those you trust, for good, solid advice and feedback on risk versus reward.&lt;/p&gt;&lt;p&gt;5.&lt;span style=&quot;white-space: pre;&quot;&gt; &lt;/span&gt;Loan Amount Qualification, Income:&amp;nbsp; This can vary widely depending on you, your lender, and many other variables.&amp;nbsp; However, as a rule of thumb, look at 2 to 2 ½ times your current household income, as a baseline to determine how much you can afford to borrow.&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p&gt;6.&lt;span style=&quot;white-space: pre;&quot;&gt; &lt;/span&gt;Loan Amount Qualification, Expenses:&amp;nbsp; This is another broad category that varies from one lending institution to the next.&amp;nbsp; However, there are two general factors to look at, and they are Housing Expenses (such as mortgage, property taxes, and insurance), and long-term debt (which can include credit cards, auto loans, etc.).&lt;/p&gt;&lt;p&gt;First, add all your expenses together.&amp;nbsp; As a rule of thumb, you will want your expenses to not exceed 33% to 36% of your gross household income.&lt;/p&gt;&lt;p&gt;Second, examine your housing expenses only.&amp;nbsp; As a rule of thumb, you’ll want these expenses to not exceed 25% to 28% of your gross household income.&lt;/p&gt;&lt;p&gt;7.&lt;span style=&quot;white-space: pre;&quot;&gt; &lt;/span&gt;Employment and Credit History:&amp;nbsp; Lenders generally want to take a look at your employment history so that they can see a pattern of stability and income.&amp;nbsp; Lenders generally also want to take a look at your credit history, so that they can see a pattern of borrowing and repayment in your past.&amp;nbsp; Lenders cannot discriminate and must use this information solely for the purpose of considering your ability to repay a loan.&amp;nbsp; Also, many loan products are available for all kinds of customers, with varied financial backgrounds and histories.&lt;/p&gt;&lt;p&gt;8.&lt;span style=&quot;white-space: pre;&quot;&gt; &lt;/span&gt;Points:&amp;nbsp; Points are one of the primary fees charged on the loan, and they represent the profit earned by the lending institution.&amp;nbsp; One point represents one percent of the total loan amount, and points are usually tax-deductible (along with the interest paid on the loan).&amp;nbsp; They are broken down into two basic types:&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p&gt;Origination Points – Origination Points are the fees charged by the lender, and represents their gross profit.&lt;/p&gt;&lt;p&gt;Discount Points – Discount Points are most often charged in association with a lowered interest rate.&amp;nbsp; In other words, the Discount Points represents a dollar amount, as a fee for giving the borrower a lowered APR (lower than what the lender might otherwise charge).&lt;/p&gt;&lt;p&gt;9.&lt;span style=&quot;white-space: pre;&quot;&gt; &lt;/span&gt;Sub-Prime Loans:&amp;nbsp; Sub-Prime Loans consist of loan products designed for customers with challenging credit and financial backgrounds, or, customers that are looking to re-establish credit.&amp;nbsp; They can be significantly higher then the prime lending rate, with less favorable terms (Often times, the loans are for the short-term, such as 2 to 3 years).&amp;nbsp; However, they do offer a venue for certain individuals, and they can allow customers to re-establish credit, or buy new homes prior to cleaning up a credit history, etc.&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p&gt;For some of you, this avenue may offer exactly what you’re looking for.&amp;nbsp; It’s important to know that lenders who specialize in sub-prime loans are out there and want to earn your business.&amp;nbsp; However, we advise that you proceed with caution.&amp;nbsp; Be sure to gather sound advice from trusted friends and professionals, and understand all the risks versus rewards, prior to signing on the dotted line.&lt;/p&gt;&lt;p&gt;10.&lt;span style=&quot;white-space: pre;&quot;&gt; &lt;/span&gt; Short-Forms:&amp;nbsp; The most important thing you can do as a consumer of loan products is to shop around and get several preliminary loan quotes for your consideration.&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p&gt;These are no risk, no obligation, preliminary loan offers.&amp;nbsp; They take 30 seconds to 2 minutes to complete, they require no personal or confidential disclosure on your part, and they require no commitment from you.&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p&gt;We suggest that you obtain 3 or 4 offers.&amp;nbsp; You can then examine and compare the terms, rate, fees, and all other pertinent information about the loan product,&amp;nbsp; and the lender, at your leisure and in the comfort of your own home.&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p&gt;LoanResources.Net has categorized hundreds of online services that you can explore.&amp;nbsp; You can also go to any search engine and find them from there.&amp;nbsp; Look for a “privacy policy” on their website, as well as short, simple application forms that make sense and are relatively easy and quick for you to complete.&lt;/p&gt;&lt;p&gt;Also, take a quick look at the current interest rate for 30 year fixed loans, as well as the 6 month trend graph.&amp;nbsp; We have set up a free webpage with this information, or you can find many graphs and charts via your favorite search engine.&lt;/p&gt;&lt;p&gt;We’ve enjoyed providing this information to you, and we wish you the best of luck in your pursuits.&amp;nbsp; Remember to always seek out good advice from those you trust, but never turn your back on your own common sense.&lt;/p&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/8977296843296349566/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2024/10/top-10-things-to-consider-on-home-loans.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/8977296843296349566'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/8977296843296349566'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2024/10/top-10-things-to-consider-on-home-loans.html' title='Top 10 Things to Consider on Home Loans'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidyDSX0PQ15npgVhbS4SQv79RcRMVSylnKN4Jbld4MXB5qHAgu26ttLvgO10WOUMIJXPk-Ocf2ZzMoPju6JKlRKRMt-1zJfzLqxn4GfUtEfz8SLW0FMmtK-QUaq7HwJka1zlMeqx_78LMMum96HleLCFGH61D3mJ-mmKSOu28DCjAW5IEIqiMJSzOLHNQh/s72-w520-h296-c/Screenshot_86.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-8459262113149629447</id><published>2024-10-13T10:43:00.000-07:00</published><updated>2024-10-13T10:43:07.121-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'> The Symbolic Revolution</title><content type='html'>&lt;h1 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;The Symbolic Revolution&lt;/h1&gt;&lt;h1 style=&quot;text-align: left;&quot;&gt;&lt;br /&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_uN_G6eWM-MUBIM1DEHb0_mh4je-aeFShZp3yQDz4FRhp0dhABk-YfIt9n3FBGVobpz-TlcsMNsHoyWUVLPbDZOZvWv-qC78ikAMgBzHuLrtKYf04ZRQ9dTAbQwk4SGOxzcRW1j5tRdZWyQsKa4-DASgnwPMu3ytMRjNGmqlbQaSXCQ7voMPdjsZgHEL/s280/Screenshot_84.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;109&quot; data-original-width=&quot;280&quot; height=&quot;244&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_uN_G6eWM-MUBIM1DEHb0_mh4je-aeFShZp3yQDz4FRhp0dhABk-YfIt9n3FBGVobpz-TlcsMNsHoyWUVLPbDZOZvWv-qC78ikAMgBzHuLrtKYf04ZRQ9dTAbQwk4SGOxzcRW1j5tRdZWyQsKa4-DASgnwPMu3ytMRjNGmqlbQaSXCQ7voMPdjsZgHEL/w509-h244/Screenshot_84.png&quot; width=&quot;509&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;/h1&gt;
99. <br />People were still nomads when they roamed the planet five thousand years ago. Their few, priceless belongings were carried by them on their backs and in their hands. They randomly went hunting and gathering food.<br /><br />After that, there was the Agricultural Revolution, during which time individuals became physically, emotionally, and legally bonded to particular land parcels. They followed a planned strategy when they grew their food. Animals were tamed by them. Significant changes in demographic trends were brought about by this new structure of human existence.<br /><br />Prior to the onset of the Industrial Revolution, another 4500 years passed. Distinguishing the tools of production and raw materials from the land was its principal accomplishment. It also made having an educated workforce necessary. Following this Revolution, cities emerged, providing labor for mega-factories, mass education systems, and leisure time.<br /><br />People started to have spare time for the first time in history.<br /><br />To meet the demands of an ever-increasingly complex social and economic structure and the insatiable appetite for amusement, a plethora of organizations, businesses, and institutions have emerged.<br /><br />Despite popular belief, the service-oriented society was and remains an integral component of the industrial world.<br /><br />We are currently experiencing the strongest storm on record, dubbed the Third Wave (to use the great coinage of Alvin Toffler). This is the Revolution of Knowledge and Information. It is paving the way for the development of an economy built around the gathering, processing, and distribution of knowledge (the equivalent of processed goods) and information (the equivalent of raw materials). An increasing number of social classes will have access to all of these.<br /><br />In fact, this is what sets this Revolution apart from its forerunners:<br /><br />(1) Everyone is able to participate in it, making it egalitarian.<br /><br />The past two Revolutions required substantial sums of money in order to take part. When capital was lacking, brute force was employed to acquire capital goods, land, raw materials, and other means of production, including extremely cheap labor via slavery.<br /><br />This Revolution is distinct in that strong ideas, a minimal amount of technical expertise, and increasingly affordable infrastructure are all that are required.<br /><br />In other words, young people in their garages are welcome to join this revolution (this is how computer titans like Apple Computers and Microsoft were founded).<br /><br />It does not discriminate based on factors such as age, gender, ethnicity, color, nationality, or sexual preferences. The Great Equalizer is this revolution.<br /><br />For the first time in human history, the raw resources, production methods, final goods, marketing strategies, and distribution networks are all the same. Let's look at an example of a product being sold online, such as software:<br /><br />Programming languages are used to write software on computers, which manipulates electronic components inside a virtual environment. As a result, the same elements and components make up the product (software), the production processes (programming languages), the raw materials (mental algorithms converted to electronic bits), and the marketing and distribution channels (Internet-based electronic bit streams).<br /><br />This explains the low cost of the technology. This explains why the outcomes of the impending Revolution will spread so quickly. Production and distribution will cease to be mysterious and become routine tasks.<br /><br />(3) Only a small portion of our ancestors were impacted by the Agricultural Revolution. The Industrial Revolution has had an influence on only a portion of them. Over time, the proportion of people who worked the land fell from over 60% to fewer than 3% (in the USA, for example). There is a comparable decline in the demographic segment involved in industry.<br /><br />But with the Third Revolution, this is not the case:<br /><br />The information/knowledge revolution, the third and largest revolution of all, is affecting every person on the planet.<br /><br />We are all surrounded by media, including computers, television, radio, and the Internet. Every month, these goods and services get more affordable, more widely available, and more easily accessible. The new Revolution is all-encompassing and ubiquitous.<br /><br />(4) The aforementioned traits gave rise to a novel type of economic growth that was decentralized, highly value-added, rapidly evolving, and characterized by short business cycles. It is the only period in human history to be neither colonial nor mercantilist. The importing of raw materials at low costs from the same markets that consumed the finished products (made from those raw materials) at considerably higher prices typified all economic activity in the past.<br /><br />The ability to exploit people in this way will eventually disappear. Nowadays, it makes no difference where products are made. Even in the case of traditional industrial products, the boundary between finished goods and raw materials is so hazy that the previous one between "colonizer" and "colony" has all but disappeared.<br /><br />For developing and less developed nations, this has enormous potential.<br /><br />They would have required enormous sums of money as well as other non-financial resources in the (near) past in order to be on par with the more developed region of the world. These days, substantially less money is required to get the same outcomes. At long last, the globe is becoming into what Western media guru Marshall McLuhan dubbed "The Global Village". What matters more is what you think rather than where you are. The entrepreneurial spirit, inventiveness, improvisation, and creativity are highly valued in the global economy.<br /><br />All nations in the globe, developed and developing, rich and poor, off-center and on-center, have equal and abundant access to these new mental commodities.<br /><br />The outdated economic theory that held that economies evolved from agricultural to industrial to service is being supplanted. Countries like Macedonia are encouraged by the new economic paradigm to transition straight from the agricultural to the information and knowledge sectors of the Third Wave. These industries are more suitable for Macedonia because they are profitable, easily understood and implemented, accessible, affordable, and constantly growing.<br /><br />Macedonia won't be the first nation to adopt such a risky strategy of eclipsing the Industrial stage and entering the Information Age first. Israel, Switzerland, Hong Kong, Singapore, and (to a certain, cautious extent) India have all already done this. These were all by nature underdeveloped nations. A portion of them are merely deserts, while others are extremely overpopulated or remote islands devoid of life. However, they all succeeded in becoming deeply entwined with the developing revolution. They all have the highest per capita GNP in the world, apart from India, which is a recent, hesitant entrant.<br /><br />The risk has paid off.<br /><br />However, there is an intriguing benefit to making this decision.<br /><br />Dealing with symbols instead of realities is the transition from the industrial to the information technology and knowledge sectors. Regardless of the nature of the symbols, the same methods are always employed to manipulate them. If a nation is successful in producing skilled symbol operators, they will be able to manipulate, operate, and change any type of symbol.<br /><br />This also holds true for money, which is the most significant symbol of all.<br /><br />As everyone knows, money is a symbol. It stands for a consensus that a group of individuals has achieved. It is worthless in and of itself. It is easy to manipulate the symbol known as money using the same methods that are used to manipulate information.<br /><br />A nation is more adept at handling financial transactions of all kinds the more proficient it is at processing symbols, or information. It has a greater chance of drawing investments, creating thriving money markets and stock exchanges, developing young professionals, trading, and generally becoming woven into the very fabric of the contemporary global economy.
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103. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/8459262113149629447/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2024/10/the-symbolic-revolution.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/8459262113149629447'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/8459262113149629447'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2024/10/the-symbolic-revolution.html' title=' The Symbolic Revolution'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_uN_G6eWM-MUBIM1DEHb0_mh4je-aeFShZp3yQDz4FRhp0dhABk-YfIt9n3FBGVobpz-TlcsMNsHoyWUVLPbDZOZvWv-qC78ikAMgBzHuLrtKYf04ZRQ9dTAbQwk4SGOxzcRW1j5tRdZWyQsKa4-DASgnwPMu3ytMRjNGmqlbQaSXCQ7voMPdjsZgHEL/s72-w509-h244-c/Screenshot_84.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-2823894920060331214</id><published>2024-10-12T10:43:00.000-07:00</published><updated>2024-10-13T10:44:54.276-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><category scheme="http://www.blogger.com/atom/ns#" term="projective"/><title type='text'>The Millionaire&#39;s Favorite Author</title><content type='html'>&lt;h1 style=&quot;text-align: left;&quot;&gt;The Millionaire&#39;s Favorite Author&lt;/h1&gt;&lt;h1 style=&quot;text-align: left;&quot;&gt;&lt;br /&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTv4mmT1zaovVzyX_4MgISTCU8lDpXDVF0wMkf743k6EoyQLpaOiTvo2n0rJl94z45oJntk0tOjMj5OOAqv-lzz4KGZfr4E7pJSCxU3efQn3bFp8OBLAc4EEE6y3Sq4VnVh5dAwv5OMHIG481A5viSNWRCXTisra8V4UyHrweNX4zhbCLhARfBc-WK_T6J/s279/Screenshot_85.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;171&quot; data-original-width=&quot;279&quot; height=&quot;326&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTv4mmT1zaovVzyX_4MgISTCU8lDpXDVF0wMkf743k6EoyQLpaOiTvo2n0rJl94z45oJntk0tOjMj5OOAqv-lzz4KGZfr4E7pJSCxU3efQn3bFp8OBLAc4EEE6y3Sq4VnVh5dAwv5OMHIG481A5viSNWRCXTisra8V4UyHrweNX4zhbCLhARfBc-WK_T6J/w532-h326/Screenshot_85.png&quot; width=&quot;532&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;/h1&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;&lt;p&gt;YOU WON&#39;T FIND W.G. HILL ON ANY BEST SELLER LISTS, BUT IT&#39;S HARD TO FIND A MILLIONAIRE WHO HASN&#39;T READ MOST OF HIS $100 &quot;SPECIAL REPORTS&quot;.&lt;/p&gt;&lt;p&gt;Hill&#39;s Low Profile -- The name W.G. Hill isn&#39;t bandied around much in the book-publishing world. No literary society has ever discussed any of the two dozen or so volumes this author has produced. But over the last thirty years, in the world of bankers, accountants, high net worth investors and financiers with offshore interests, Hill has been a seminal influence.&lt;/p&gt;&lt;p&gt;His most famous book is P.T., or &quot;Perpetual Tourist.&quot; Though this title might convey the idea that it&#39;s a book about traveling, it isn&#39;t. The subject is, how wealthy people can - with proper paperwork - enjoy life more. Its &quot;How to have a good time with your money, but at the same time avoid unwelcome attentions that conspicuous consumption and high profile wealth always bring.&quot; These negatives include the unwelcome intrusions of tax collectors, insurance salesman, contingent fee plaintiff&#39;s lawyers, alimony seeking ex-wives, kidnappers, burglars. Not to mention every description of con-man.&lt;/p&gt;&lt;p&gt;Do these matters concern millionaires? Judging from Hill&#39;s book sales, they do, indeed. The original Hill (who could not be found for an interview - EW hears he&#39;s in Patagonia doing hands-on research on female female gaucho wranglers - was back in the 1970&#39;s a self-publisher who advertised his books as &quot;Special Reports&quot; in the London based Economist and International Herald Tribune. One of his early fans was the newsletter guru, Sir Harry Schultz, who must have made enough beforehand or sold enough books to live well. Sir Harry writes in PT, &quot;I spent my first few years as a tax exile at the Monte Carlo Beach Hotel, interacting with hard-bodied, high maintenance cost divorced women who in their topless bikinis populated Riviera pool sides like motes in the sunshine.&quot;&lt;/p&gt;&lt;p&gt;Hill&#39;s books always offered his personal services to assist any reader to accomplish the goals set out. For instance, his 1975 Lloyd&#39;s Report promised the reader would &quot;make serious money without any investment, work or risk.&quot; This was two decades before many Lloyd&#39;s names did in fact suffer substantial losses. But Hill wrote later, &quot;If people handled their Lloyd&#39;s relationships as I suggested (with stop loss insurance) they came out way ahead.&quot; Hill charged a hefty fee to introduce new names and get them into Lloyd&#39;s as insurance underwriters.&lt;/p&gt;&lt;p&gt;Eventually, around 1985 Hill&#39;s maneuvers were picked up and thereafter published by Nicholas Pine. Pine was then operating as Milestone Press of Plymouth, England. He was a very minor publisher of books for collectors of ceramics. Their typical press run in the pre-Hill days was a thousand copies. With Hill&#39;s books for millionaires soon selling like hot cakes, Milestone hit pay dirt. Pine changed his company&#39;s name to Scope International. An ex-employee revealed that at the time he quit, sales of well over 100,000 copies of each Hill book would have been &quot;a low ballpark figure.&quot; With ten books being major sellers and a direct mail price of £60 / $100 per book, that means that gross sales of Hill&#39;s books passed the 100 million dollar mark some years ago. As marketers who sell direct via advertising and junk-mail that means most revenues go direct to the bottom line. Although book sales figures are not available to the public (through bookstores), this could mean that little known Scope, by publishing the works of a mystery man who disappeared ten years ago, is far and away, the world&#39;s most profitable book publisher.&lt;/p&gt;&lt;p&gt;But The Profits Just Start With Book Sales -- Each Hill report describes a certain product or lifestyle. If the reader wants to make it a reality, he hires Hill (or more recently a Hill clone at fees up to $10,000 per consultation) to get him up and running. Our informant suggests that twenty per cent of all book buyers sign up for consulting services. Then there are the international seminars at $2000, plus residence and passport programs costing up to $350,000. The Hill books suggest other ways that millionaires can enjoy their money more - by spending it with Scope on &quot;lifestyle enhancing&quot; products and services.&lt;/p&gt;&lt;p&gt;The basic premise of PT and all of Hill&#39;s books, is that any wealthy person will enjoy life more and protect his assets better by using what Hill calls &quot;five flags.&quot;&lt;/p&gt;&lt;p&gt;THE FIVE FLAG THEORY&lt;/p&gt;&lt;p&gt;The First flag for instance, is the Passport of a country that doesn&#39;t try to tax or control you once you have left. According to Hill, any passport will serve this purpose except those of the USA. Their citizens have to renounce and get another one. Why? The USA is the only country that taxes the worldwide income of nonresidents. It is also the only country that polices it&#39;s citizens morals and conduct abroad by making certain conduct of its citizens outside the country, criminal acts punishable by jail sentences back home. These include traveling to forbidden places, paying minor bribes, or having sex of a forbidden kind.&lt;/p&gt;&lt;p&gt;Each &quot;Flag&quot; of Hill&#39;s is supported by at least one other book. For instance: The suggestion that every PT should have a suitable passport, good for visa-free traveling and not costing the holder a substantial portion of one&#39;s income is supported by Hill&#39;s most popular book. This is the PASSPORT REPORT, a hefty, nearly 400 page reference manual that explores the opportunities &quot;in over 125 countries and political subdivisions.&quot;&lt;/p&gt;&lt;p&gt;The Second flag is the Tax Haven Legal Residence -- Every millionaire needs one, according to Hill. This concept is followed up by Scope with a large number of regional reports on such places as Monaco, Campione, Liechtenstein, The Channel Islands, Isle of Man, Andorra, Gibraltar, Switzerland. As there are no taxes in these tax haven, moving (by eliminating income taxes) doubles one&#39;s income at a stoke.&lt;/p&gt;&lt;p&gt;The third flag is Playgrounds -- Where can a jaded tycoon enjoy good climate, gourmet food? Where, if he desires it, is the companionship of beautiful young women (temporary wives), thrust upon him? Who will gladly (and for a small fee) provide him with the illusion of love, if not the reality. This aspect of the Millionaire&#39;s dilemma was well covered by Hill&#39;s controversial book, Sex Havens For Tax Fiends. Despite its great popularity, this report was withdrawn from the publisher&#39;s list two years ago because of legal problems due to British censorship and obscenity laws.&lt;/p&gt;&lt;p&gt;The fourth flag is the place Where The Millionaire Invests His Money -- These are countries and institutions where funds are placed under management to get maximum, tax free returns, safety from lawsuits, government confiscation, wealth taxes and all the financial problems and other risks. This problem is solved definitively in the newest 1997 Hill/Trevellian book, The Invisible Investor, subtitled, &quot;Get Your Money Out of the Country Before Your Country Gets the Money Out of You.&quot; Here we visit the &quot;offshore&quot; world and the service providers who swim in it. Cayman Islands, Panama, Bermuda, Bahamas and other banking secrecy centers are explored.&lt;/p&gt;&lt;p&gt;The fifth and last flag is Where To Work, Earn Money And Have An Active Business -- For USA citizens, one of several recommended options is to incorporate abroad, have your headquarters, administrative and billing done from abroad, but sell your products worldwide, still paying attention to the important United States market. .&quot; For readers who don&#39;t have quite enough money to retire completely, there is another new 1997 report PTO: Portable Trades &amp;amp; Occupations. The idea here is to describe several dozen ways that any person can earn &quot;serious money&quot; in a foreign country - even if without any residence or work permit. These methods include promoting events, doing consulting work, giving seminars, public speaking and various types of creative work, including writing and self-publishing. Hill should certainly know something about that!&lt;/p&gt;&lt;p&gt;DOES HILL EXIST?&lt;/p&gt;&lt;p&gt;There was a chap, introduced and billed as Hill. who used to appear at Scope&#39;s lectures in various wigs and disguises. He disappeared from the scene many years ago. It was variously announced that the original Hill had died, retired or went low profile himself in the Far East. The truth seems to be that there was a falling out with Scope and Hill just left.&lt;/p&gt;&lt;p&gt;Some Hill books released during the 1990&#39;s, are said not to bear his distinctive humor and cut-to-the-point style. Scope is mum on the subject of what happen to the Original Hill, but they keep reissuing and selling more and more of his old titles. There are newly revised and expanded versions appearing every year. All we know for sure is that the original Hill, if he ever existed, hasn&#39;t done a new book for ten years.&lt;/p&gt;&lt;p&gt;TREVELLIAN - WORTHY SUCCESSOR TO HILL?&lt;/p&gt;&lt;p&gt;Lately, Hill&#39;s one time editor and friend, Peter Trevellian has released under the Trevellian name, two new titles, PTO and Invisible Investor. These reports complete the set and round out Hill&#39;s original plan: &quot;To present a coherent philosophy for productive, successful people, together with specific, highly detailed plans for achieving their goals.&quot; In doing this, Scope, Hill and Trevellian have certainly found a profitable niche for themselves.&lt;/p&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/2823894920060331214/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2024/10/the-millionaires-favorite-author.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/2823894920060331214'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/2823894920060331214'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2024/10/the-millionaires-favorite-author.html' title='The Millionaire&#39;s Favorite Author'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTv4mmT1zaovVzyX_4MgISTCU8lDpXDVF0wMkf743k6EoyQLpaOiTvo2n0rJl94z45oJntk0tOjMj5OOAqv-lzz4KGZfr4E7pJSCxU3efQn3bFp8OBLAc4EEE6y3Sq4VnVh5dAwv5OMHIG481A5viSNWRCXTisra8V4UyHrweNX4zhbCLhARfBc-WK_T6J/s72-w532-h326-c/Screenshot_85.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-3926072245559411615</id><published>2024-09-12T02:23:00.000-07:00</published><updated>2024-09-12T02:23:00.117-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'> Money Can&#39;t Purchase Happiness, However...</title><content type='html'>&lt;h2 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;Money Can&#39;t Purchase Happiness, However...&lt;/h2&gt;&lt;h2 style=&quot;text-align: left;&quot;&gt;&lt;br /&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEOn5Y0w0E4_JJ2zIE9xzgdtxqMlixMrbcd8kjr0RGMEuZ_dve9I4GzKqQSZxREUxcndcg4LH96Si_Ko9fGj_jHqnr0NNOw1ZyP-bpGGHZYzXzCod2zE4lihsx99l2d6H-lqW4kfWOT2kCx_59WELVY3mm2drzfHhWicHfcJjHX-y2QI_IM7nAoOe-pBgS/s287/Screenshot_97.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;164&quot; data-original-width=&quot;287&quot; height=&quot;296&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEOn5Y0w0E4_JJ2zIE9xzgdtxqMlixMrbcd8kjr0RGMEuZ_dve9I4GzKqQSZxREUxcndcg4LH96Si_Ko9fGj_jHqnr0NNOw1ZyP-bpGGHZYzXzCod2zE4lihsx99l2d6H-lqW4kfWOT2kCx_59WELVY3mm2drzfHhWicHfcJjHX-y2QI_IM7nAoOe-pBgS/w518-h296/Screenshot_97.png&quot; width=&quot;518&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;/h2&gt;&lt;br /&gt;&lt;br /&gt;Once upon a time, the saying &quot;money can&#39;t buy happiness&quot; was just taken for granted. But a lot of study has come out of the years that tries to explain this old statement a bit better.
104. <br /><br />Recent research has shown that there is little to no difference in the amount of happiness that persons in different socioeconomic brackets report. The opposite is true in many parts of the world; those living in poverty tend to report higher levels of happiness. People who just have less frantic and materialistic lives than the majority of us in more industrialized settings are what I have in mind here, not those who are starving or in other catastrophic conditions.
105. <br /><br />There are a lot of hypotheses floating around, but one common belief is that when individuals are less well off, they tend to be happier overall because they have fewer worries and so need less material possessions to make them happy. Spending more time on family activities and other relationships is common among the less well-off since they have fewer possessions and fewer possibilities for amusement. Since marital and family relationships are associated with higher levels of happiness, some research has hypothesized that low-income families are happier overall because they are able to devote more time to spending quality time together. People aren't obligated to reside in impoverished nations, of course. Those living in poverty in developed nations, such as the US, have also reported these results.
106. <br /><br />The studies are plentiful; if you want to see them all, just type "money can't buy happiness" into your preferred search engine. So, I won't offer any specific references or numbers.
107. <br /><br />That doesn't mean you should actively seek for poverty if you're already wealthy; it just means you shouldn't expect to be pleased if you do. Furthermore, while the most of us have some idea of what it means to be poor, have you ever considered the possibility that the majority of us are completely clueless when it comes to the precise meaning of the word "rich"?
108. <br /><br />A large house and a fine car could make some people think that a person is "rich," but in reality, these things are usually better signs of debt than prosperity. A huge mortgage on a large home or a large monthly payment on a great car are signs of debt, not riches.
109. <br /><br />Similarly, there is a widespread belief that anybody with a salary beyond a particular level is considered "rich," particularly if that salary is higher than the so-called "magic" $100,000 per year. Not at all! Ask someone making $100,000 per year, and they'll tell you that the vast majority of individuals don't consider themselves wealthy.
110. <br /><br />Earnings can vary pretty high without a person being truly "rich" because most people who earn more tend to spend more.
111. <br /><br />The question therefore becomes: how exactly is wealth defined? In particular, I adore the one that Bill Cosby provided in response to a question posed by his kids on "The Cosby Show," his legendary television series that ran from 1984 to 1992. "People who are not rich work for their money, whereas rich people's money works for them," he told them when they broached the subject of wealth. Not only is it widely acknowledged as accurate, but it is also among the best definitions you will discover.
112. <br /><br />People who are wealthy work because they enjoy it, not because it's a necessity; this is one of the widely held beliefs about what it means to be wealthy.
113. <br /><br />Is the belief that money can't buy happiness still held? If it's true that those who spend the most time with their families tend to be the happy, then wouldn't it be great if, if you were financially able to do so, you could spend less time at work and have more quality time with your loved ones?
114. <br /><br />Another item to consider is this: I bet you didn't realize that most people who are really rich are entrepreneurs. The majority of millionaires (almost 70%) are also company owners.
115. <br /><br />Plus, did you know that having a prosperous home-based business can provide you a plethora of perks even if you don't have a fortune?
116. <br /><br />We already know that the thing that makes the majority of people happy is spending time with their loved ones. Owning a home business can offer you an additional source of income, which can decrease the necessity for you to work as many hours away from home. This means you can spend more time with your family or engage in other activities that bring you joy if your current job or occupation requires you to travel frequently or has long hours.
117. <br /><br />Maintaining excellent health ranks high among the factors that contribute to an individual's sense of well-being. Indeed, the vast majority of individuals would choose good health above wealth if given the choice. Money is nothing if it can't buy you good health, isn't it?
118. <br /><br />Did you know that the majority of people's health is directly proportional to their income? For example, low-income families often struggle to afford the food and nutrition their members need to stay in peak physical and mental health. Similarly, they may struggle to pay for the high-quality medical insurance that is necessary to guarantee that their members receive the treatment they need in the event of an emergency or illness.
119. <br /><br />Freedom of choice is one of the many things that money may purchase. Those who are financially well-off can buy whatever they want, while those who are less fortunate have to settle for what they can afford. Wealthy people not only have the means to purchase the most comprehensive health insurance plans, but they also usually have greater freedom of choice in the providers and facilities they visit for medical treatment. Those who are financially strapped could not have health insurance at all, or their choices might be severely limited.
120. <br /><br />Of course, the food we eat is also a major factor in our overall health. Do you ever pause to think about how much more affordable and convenient junk food is compared to the high-quality foods that have been shown to be good for our health?
121. <br /><br />In comparison to less nutritious options, such as potato chips, snack meals, junk food, and so on, fresh fruits and vegetables tend to be more expensive. Less fatty, higher-quality cuts of beef tend to cost more. There is a price premium for produce that is cultivated organically. It is often known that individuals with higher levels of education and income tend to eat healthier, have better health insurance, and generally be in better physical and mental health. Happiness is a byproduct of good health. Is the belief that money can't buy happiness still held?
122. <br /><br />For many, feeling secure is one of the most important factors in determining their level of happiness. Fear is the polar opposite of safety, and as we'll see shortly, stress is directly tied to fear. Do you drive a car that isn't up to par and doesn't provide you with the level of safety you desire? Houses that are well-built and well-maintained often have better security and comfort features than those that are not. People are less likely to be pleased if they are unable to live in the kind of house and community that they desire.
123. <br /><br />We've covered some of the things that have been proven to increase happiness by studies across the board; now let's talk about stress, one of the main factors that might bring about negative emotions.
124. <br /><br />People experience negative emotions and physical health problems as a result of stress. Health issues may arise as a result of stress.
125. <br /><br />A person's stress level rises in direct proportion to their wealth. And, naturally, there are others who can never be happy. They appear to bring more trouble upon themselves as their income rises, as the more they spend, the more they need to worry about. That, however, is by no means an exhaustive list of all monetary activities.
126. <br /><br />More money can directly translate to reduced financial stress, except those who are never happy and always have more than enough. Happiness is the result of reduced stress.
127. <br /><br />Stress levels are likely to be higher for those who are perpetually living paycheck to paycheck or who do not have the funds to cover their expenses.
128. <br /><br />Of course, having more money means you can treat yourself to more luxurious things, which means less stress, more enjoyment, and greater physical health.
129. <br /><br />People look up to celebrities and the wealthy because they seem so much younger than they actually are. Ignoring the effects of plastic surgery, it's mostly because of the benefits listed before. Famous people usually get what they want in life and live lavishly. A more relaxed life with less stress, better diet, and less wrinkles :)
130. <br /><br />The people who declare, "money can't buy happiness," are usually the ones who have never had or don't have any. How else could they possibly know? Even when the wealthy may tell you things like, "money can't buy happiness," they're just as likely to remark, "rather be with it than without it," right after that.
131. <br /><br />Do you still believe that material wealth cannot purchase contentment? Maybe you should reconsider if that's the case...
132. <br /><br />No way!<br /><br />
133. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/3926072245559411615/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2024/09/money-cant-purchase-happiness-however.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/3926072245559411615'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/3926072245559411615'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2024/09/money-cant-purchase-happiness-however.html' title=' Money Can&#39;t Purchase Happiness, However...'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEOn5Y0w0E4_JJ2zIE9xzgdtxqMlixMrbcd8kjr0RGMEuZ_dve9I4GzKqQSZxREUxcndcg4LH96Si_Ko9fGj_jHqnr0NNOw1ZyP-bpGGHZYzXzCod2zE4lihsx99l2d6H-lqW4kfWOT2kCx_59WELVY3mm2drzfHhWicHfcJjHX-y2QI_IM7nAoOe-pBgS/s72-w518-h296-c/Screenshot_97.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-8320910401749381823</id><published>2024-09-11T14:21:00.000-07:00</published><updated>2024-09-11T14:21:37.049-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'> The Critique of a 10-Step Resume</title><content type='html'>&lt;h2 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;The Critique of a 10-Step Resume&lt;/h2&gt;&lt;h2 style=&quot;text-align: left;&quot;&gt;&lt;br /&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6U4VTr66dinlvIYHUnTtKjB6C3dXnNfBHHLOgLRnjJYgMXdK7ExFcFayv5rXOtePL3-Mg8fIaxz6gia3WZKCDakv-kBfQRjj8wDW-vJo-tRvNFHhrIUT6noyLGHaSU3f3TwZ56K_b3L3WtHAGqMseKlXdQReVZ1nRFlEXu01bK-f_yPYYk8gkuNh8QykT/s291/Screenshot_95.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;157&quot; data-original-width=&quot;291&quot; height=&quot;252&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6U4VTr66dinlvIYHUnTtKjB6C3dXnNfBHHLOgLRnjJYgMXdK7ExFcFayv5rXOtePL3-Mg8fIaxz6gia3WZKCDakv-kBfQRjj8wDW-vJo-tRvNFHhrIUT6noyLGHaSU3f3TwZ56K_b3L3WtHAGqMseKlXdQReVZ1nRFlEXu01bK-f_yPYYk8gkuNh8QykT/w467-h252/Screenshot_95.png&quot; width=&quot;467&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;/h2&gt;&lt;br /&gt;&lt;br /&gt;On initial glance, most employers will just give your resume a quick 15 to 30 second glance. Remember that your resume is your &quot;paper handshake&quot; and that it needs to impress the reader so that they will place it in the &quot;yes&quot; pile and maybe even contact you for an interview.
134. <br /><br />Make sure your resume has the essential elements of an effective resume that gets interviews before you send it out. It is possible to evaluate your resume using the same fundamental criteria used by experts in the field. Not only will this improve its odds of being included to the "yes" pile, but it will also help it climb the stack.
135. <br /><br />The first thing you should do is check your resume and ask yourself, "Is this the best way to present my work experience?"
136. <br /><br />Is the style, length, and formality of your resume suitable for the job you're applying for?
137. <br /><br />Resume length: A one- or two-page document is usual for an individual with five years of experience or more. Three to four pages is a very normal length for a resume for an executive position. You might get away with one page if you're a fresh college grad, but if you have relevant employment, internship, or volunteer experience, two pages will do just fine.
138. <br /><br />The three most prevalent resume formats are chronological, functional, and combination. The reverse chronological order of your work history is highlighted in a chronological resume. To maximize its effectiveness, make sure that the job titles and/or company names are prominent and directly related to the target role.
139. <br /><br />The focus of a functional resume is not on specific jobs, duties, or dates of employment. The qualifications are arranged according to relevant experience or capabilities. Functional resumes are popular among job-seekers who are transitioning careers or have gaps in their employment history. Hiring managers have expressed their disapproval of functional resumes, so you should give this format serious consideration before submitting one. These resumes are designed to conceal or downplay problems in your background, such as long spells of unemployment.
140. <br /><br />The combo resume is a hybrid of the two other types. The first step is to create an impressive professional profile or qualifications summary that highlights your practical abilities. You can tailor your resume to certain occupations and industries by doing so, and it will help you showcase your greatest qualifications. Following is a reverse-chronological description of my work experience, which includes my duties and, most importantly, any noteworthy accomplishments. Expert resume writers often recommend the combination structure to their clients because of how well it sells them to potential employers.
141. <br /><br />We won't go into detail about the fourth resume format, the Curriculum Vita, here. A "CV" is an orderly document that highlights one's academic achievements, publications, presentations, awards, and accolades in addition to one's academic qualifications and research and projects. Academic, medical, and scientific disciplines frequently employ this style.
142. <br /><br />Writing at the level of formality required in the position you are applying for is a solid rule of thumb. You can use concise sentences on an entry-level resume. As a manager or executive, you should incorporate the vernacular anticipated at your level of accountability in your narrative resume that paints a complete picture of your career triumphs and contributions.
143. <br /><br />In the second step, you should inquire, "Is my resume visually appealing and easy to read?"
144. <br /><br />Has your resume made use of the correct font family and size? The size should be between 9 and 11 points, no more than 12 points, depending on the typeface used. The headers of the sections can, of course, be bigger. When it comes to font type, serif fonts like Times New Roman, Garamond, or Palatino are typically associated with higher-level responsibilities. No more than two fonts should be used in conjunction with each other; for instance, you could use Times for the section headings and Arial for the body text.
145. <br /><br />Is there enough white space on your resume? Your task is to highlight crucial details for the reader to notice. That is exactly what you can achieve by making good use of white space. You should familiarize yourself with the tab, line-spacing, and paragraph settings of your word processor, among other options that you may not often use.
146. <br /><br />Is the layout of your CV up to scratch? Italics, bullet points, bold, and lines when used sparingly can convey a lot of meaning. Consistent use of them will aid the reader in following your reasoning and will highlight how you've structured your resume.
147. <br /><br />Pick up a copy of one of the many new resume reference books at your neighborhood bookshop for some fresh ideas on modern formats. Resume Magic—Trade Secrets of a Professional Resume Writer, by Susan Britton Whitcomb (JIST Works), is among the greatest that are available. Two excellent resources for executive-level ideas are the Best Resumes for $100,000+ Jobs by Wendy Enelow (Impact Publications) and the Bible of Executive Resumes by Donald Asher (Ten Speed Press).
148. <br /><br />Question number three: "Does my resume have an engaging introduction that grabs the reader's attention?"
149. <br /><br />Is the first one-third of your resume devoted to a strong Qualifications Summary or Professional Profile, where you aim to convey the most important details? Your overall years of experience, core competences, and relevant hard and soft skills should be included. Remember that the rest of your resume ought to back up what you say here.
150. <br /><br />Is it easy to tell what field, job, or position you're applying for from your resume? Companies are too busy to worry about trying to predict your life goals.
151. <br /><br />Step 4: Determine, "Does my resume effectively communicate my value to the prospective employer in one or more of the following ways?"
152. <br /><br />Can a potential employer see how you'd add value to their bottom line in your resume? Cut costs or free up time? Find a solution to a particular issue? Facilitate easier work? Forge connections? Step up your game? Win over new clients? Keep current clients?
153. <br /><br />All businesses want their employees to help them achieve these goals, no matter how accountable you are or what industry you work in. Employers will be interested in speaking with you if you convey your skills in at least one of the areas listed.
154. <br /><br />Step 5: Determine, "Does my resume contain powerful, concise, accomplishment-oriented writing designed to increase the reader's interest and stimulate a request for a job interview?"
155. <br /><br />Do you have a targeted resume? Is it helpful for your job or future aspirations? Does it use appropriate, industry-specific language that the reader can understand? Were your claims compelling and impactful enough to sell yourself as the best candidate? Does your resume detail concrete achievements that demonstrate problem-solving abilities, steps taken, and outcomes (ideally measurable)?
156. <br /><br />Do the results back up your goal? That is the most critical question. Put another way, are they indicative of the kinds of actions that top performers in your industry tend to exhibit?
157. <br /><br />In the sixth step, you should inquire, "Is irrelevant information excluded?"
158. <br /><br />Include no personal information (such as age or marital status), full employer addresses (a city and state will do), first-person pronouns ("I", "He" or "She"), reasons for job loss, reference details, off-topic interests, or hobbies.
159. <br /><br />Step7: Evaluate it by asking, "Does my resume present relevant content in an organized fashion?"
160. <br /><br />Typically, you should only go into detail about your most recent ten years of employment, and no more than fifteen. You can summarize everything that came before, but make an effort to keep the content focused on what you accomplished.
161. <br /><br />Is the presentation of your employment dates correct? Years and months are usually enough, so there's no need to be precise.
162. <br /><br />Did you provide more than one way people can get in touch with you? Include your home phone and email addresses, at the very least. Also, get an email address immediately if you're not already using one. Employers will see that you are tech-savvy if you list it on your CV.
163. <br /><br />Does your background follow a strict chronological order? Does every other part of your resume relate to the jobs you're applying for?
164. <br /><br />The eighth step is to ask, "Is my resume free of spelling, punctuation, capitalization, grammatical, and syntax errors?"
165. <br /><br />The consensus amongst hiring managers is that a poorly written CV will be rejected out of hand. They have the view that you are careless and won't do a good job on the job. Check your résumé for errors. Have someone you know look over your resume for errors. Have your mom look over your résumé for errors.
166. <br /><br />Repeat step 8 in step 9.
167. <br /><br />Final Step: Do Step 8 Once More!
168. <br /><br />One tangible manifestation of who you are is your CV. This is more than just a resume; it's a marketing tool that highlights your skills and experience to potential employers. Once you've reviewed your CV that you wrote yourself, ask yourself the questions listed above. Companies will be interested in you if you have addressed all their concerns.
169. <br /><br /><br />No way!<br /><br />
170. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/8320910401749381823/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2024/09/the-critique-of-10-step-resume.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/8320910401749381823'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/8320910401749381823'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2024/09/the-critique-of-10-step-resume.html' title=' The Critique of a 10-Step Resume'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6U4VTr66dinlvIYHUnTtKjB6C3dXnNfBHHLOgLRnjJYgMXdK7ExFcFayv5rXOtePL3-Mg8fIaxz6gia3WZKCDakv-kBfQRjj8wDW-vJo-tRvNFHhrIUT6noyLGHaSU3f3TwZ56K_b3L3WtHAGqMseKlXdQReVZ1nRFlEXu01bK-f_yPYYk8gkuNh8QykT/s72-w467-h252-c/Screenshot_95.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-6059961716413629991</id><published>2024-09-11T00:00:00.000-07:00</published><updated>2024-09-11T14:22:44.097-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'> Why Do I Feel So Fearful of Selling?</title><content type='html'>&lt;h1 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;Why Do I Feel So Fearful of Selling?&lt;/h1&gt;&lt;h1 style=&quot;text-align: left;&quot;&gt;&lt;br /&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK6_uVHcZAjTnZpj8kVNwYctXpBFI6iOupsdpfHlhjFs6DutxRtXn-I-7p0lGPq_5HMQzVPUWQCyZXpQdu5vp5GTZsTdSyqgU2UFOm8B1Zr7NTOPLgI6m5PeaQkwcF9iwG1BNzlGZFrMBrVyO-_zRHIhDCYeluswjP0AUx3tM5R41JnWyEdaLRsil3nbCZ/s300/Screenshot_96.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;160&quot; data-original-width=&quot;300&quot; height=&quot;325&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK6_uVHcZAjTnZpj8kVNwYctXpBFI6iOupsdpfHlhjFs6DutxRtXn-I-7p0lGPq_5HMQzVPUWQCyZXpQdu5vp5GTZsTdSyqgU2UFOm8B1Zr7NTOPLgI6m5PeaQkwcF9iwG1BNzlGZFrMBrVyO-_zRHIhDCYeluswjP0AUx3tM5R41JnWyEdaLRsil3nbCZ/w609-h325/Screenshot_96.png&quot; width=&quot;609&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;/h1&gt;&lt;br /&gt;&lt;br /&gt;connection-based marketing. It is the foundation of a prosperous internet company. If you don&#39;t establish internet connections, your business will suffer. Quite a straightforward idea, don&#39;t you think? However, what exactly is meant by &quot;relationship marketing&quot;? Put simply, it&#39;s the idea that building trusting relationships with site visitors and ezine readers is essential to company success, particularly in the digital sphere where anonymity is paramount. Only then can you hope to transact business. It necessitates a dedication to providing excellent customer service, a readiness to assist others without expecting anything in return, and the ability to establish credibility and dependability for both your company and yourself.
171. <br /><br />Ultimately, though, you need to make money if you want your firm to succeed. However, one of the most frequent concerns voiced by novice (and even seasoned) internet business owners is that they don't want to appear as though they are "selling something" to people that they have developed the very relationship that is necessary in order to close the deal!
172. <br /><br />Put differently, the emphasis on the connection has become so central to "relationship marketing" that it starts to appear blatant and like a betrayal of trust. A common complaint among newly established internet entrepreneurs is that they feel like they're abusing the confidence of people they've developed relationships with. Naturally, as long as you are confident in the product you are offering and that it will help your clients, there is no reason to feel this way. Your negative feelings are justified if you don't feel this way. You ARE being shady here!
173. <br /><br />The business owner is not the only one who finds selling uncomfortable. Over the course of the last year or so, readers of my ezine have sent me a number of angry emails in response to promotions I ran for programs I actively endorse. These emails always have the same theme: I have a "duty" to my readers because they have come to trust me as a reliable information source, and I have somehow violated this duty by engaging in such obscene behavior as actually promoting the programs I recommend in order to make some money online. Some have even gone so far as to say that since I allow paid advertising in my ezine, I should stop trying to promote outside programs in order to earn money and just be happy with that source of income.
174. <br /><br />I just say that I'm running a business in response to this line of thinking. I don't work on my website and ezine at night or on the weekends out of pure charity. Believe me, I'm not that noble. I want to make money. Contrary to popular belief, having a profit motivation is not always a bad thing. A profit motivation is only bad when it is used to mislead, deceive, or violate someone else's trust in order to further one's own interests. There's no need to feel bad or apologize for aiming to turn a fair profit.
175. <br /><br />What say you? Do you feel a slight sense of unease about promoting your goods and services? Here are some tips to help you get over your apprehension about approaching potential clients for sales and how to handle these interactions so that your client knows that while you are there to assist them, you are also in business for yourself by making a decent livelihood.
176. <br /><br />ELECTROLYZE YOUR GOALS
177. <br /><br />Choosing what exactly you're doing when you make your website or release your ezine is the first thing you should do. Is it a company or just a hobby? The distinction lies on whether a profit motive is present or not. Alright, if it's a pastime. Enjoy yourself and, if possible, earn just enough money to pay your expenses; don't strive to make a profit. However, realize that turning a profit is a given if it's a business. It's the reason your company is even in business. There will undoubtedly be multiple goals for you. Still, the profit motivation is crucial.
178. <br /><br />Make every effort to make your goals clear. For some, it's enough to simply consider the situation and decide mentally. Others need to see crystallization in black and white. If that describes you, put your goals in writing. Once more, though, making a profit needs to be at the top of your list of goals if you're managing a business as opposed to pursuing a hobby (unless, that is, you're running a non-profit organization, but we'll set that aside for now). Accept that goal for what it is. Accept it. ATTACK IT with ALL HANTS. There's nothing to hide or feel guilty about. You can allow yourself to pursue a dollar aggressively as long as you plan to accomplish so and do it via legal, moral, and ethical means. Why objectify yourself in this manner? Because they will help you stay on course when the doubters appear, who will unavoidably, in your porridge.
179. <br /><br />ACT PROFESSIONAL AND BUSINESSLIKE
180. <br /><br />"Relationship marketing" is not the same as getting to know your clients on a personal level. Just keep things businesslike and professional, nice but not *overly* personal, and you'll save yourself a lot of stress and angst. It is feasible to maintain a professional, businesslike demeanor while still being amiable and helpful without crossing the personal boundary. The people you deal with are your customers, not your buddies. Naturally, you might end up becoming friends with some of the people you used to be customers. However, don't begin relationship marketing with the premise that you need to be friends with your clients. You don't. If you act in a businesslike and professional manner, no irrational expectations will be raised.
181. <br /><br />ACT IN THE BEST INTERESTS OF YOUR BUSINESS.
182. <br /><br />Maintaining self-restraint can be achieved by consistently comparing your choices to the standards "Is this the appropriate course of action for my business?" If so, proceed, understanding that a decision may be best for your company even if it does not result in money going your way. Don't if not. There are times when it will benefit your company more than anything else to take action that your client would view as a favor. One scenario would be providing a refund for a purchase in which the consumer is not formally entitled to one and in which you have a continuing business connection with them. You act in this manner for the benefit of your customers, and this is undoubtedly an instance of something that is best for your company.
183. <br /><br />Customers may, however, occasionally benefit from such a policy. If you choose to take a step that benefits your reader, customer, or visitor beyond what they are entitled to, avoid this kind of issue by subtly stating that you are doing this action for business purposes. But be ready to establish boundaries. Recognize the limit to which you are willing to go in order to protect your corporate interests and turn a decision from being a commercial one into a personal one.
184. <br /><br />If it's the appropriate thing to do under all the circumstances, your business's best interests shouldn't be sacrificed because you find it difficult to say "no."
185. <br /><br />ACT FAIRLY AND DIRECTLY
186. <br /><br />Never be afraid to advertise your goods and services and make it clear to potential clients that you would like them to make a purchase from you. Be forthright, honest, and transparent about it. For instance, I would suggest things that I believe will be helpful to someone who approaches me asking for guidance on how to launch their own internet business. Generally, for those who are new to internet marketing, I suggest Cookie Cutter and Cash Cow. Why? First off, I think both products are great and offer beginners a quick and affordable method to quickly learn a lot about how online businesses operate.
187. <br /><br />Second, I get $20 every time I sell one of these programs as an affiliate. Would I suggest any goods that don't conflict with my financial interests and are directly related to my line of work? No. Why? I want to make money. Time is money to me. The secret is that I have faith in the goods. I would also suggest other products if I believed they were superior to the ones I was endorsing. but only after I become an affiliate in order to profit from the referral I made.
188. <br /><br />However, sometimes people ask me to suggest a web host. Although I am an inactive associate of a large web hosting company, I never suggest them since I believe their prices are too high. Here, I direct the inquirer to the web server I work with on my personal website. I have no financial interest in recommending them, nor am I one of their affiliates. I haven't bothered (yet) to join up for my webhost's affiliate program because I'm not really interested in promoting webhosting as a product. Just like Cookie Cutter/Cash Cow is an honest recommendation, this one is also an honest recommendation. The sole distinction is that I profit from the latter, so why not? The bottom line is that there's no reason you can't profit simultaneously as long as you're offering an honest advice. A win-win scenario exists. Thus, let up your fear of selling. It is the reason your company exists, and without you, it won't.
189. <br /><br /><br />
190. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/6059961716413629991/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2024/09/why-do-i-feel-so-fearful-of-selling.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/6059961716413629991'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/6059961716413629991'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2024/09/why-do-i-feel-so-fearful-of-selling.html' title=' Why Do I Feel So Fearful of Selling?'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK6_uVHcZAjTnZpj8kVNwYctXpBFI6iOupsdpfHlhjFs6DutxRtXn-I-7p0lGPq_5HMQzVPUWQCyZXpQdu5vp5GTZsTdSyqgU2UFOm8B1Zr7NTOPLgI6m5PeaQkwcF9iwG1BNzlGZFrMBrVyO-_zRHIhDCYeluswjP0AUx3tM5R41JnWyEdaLRsil3nbCZ/s72-w609-h325-c/Screenshot_96.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-6804646069507858171</id><published>2024-09-05T12:50:00.000-07:00</published><updated>2024-09-05T12:50:00.118-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'>It&#39;s Not About Selling</title><content type='html'>&lt;h2 style=&quot;text-align: left;&quot;&gt;It&#39;s Not About Selling&lt;/h2&gt;&lt;h2 style=&quot;text-align: left;&quot;&gt;&lt;br /&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcTZ-SufVtE7c_cQI0mKhPDb1ANOj57EOgLLaKAFHslqiGbfPOUdkaJowzgWQfcjN1u9s7rx_JLcgFv5y2SSJ0uo_rETjigRdi1pUr1Yox6dzEzmSWP9qtHtGWa-YR7Q7M-gSQpPhnep0Jrn9esa5umGkhCKF3UJoIOFJMLFBCwnJtZkv_ustBrLUsUXGv/s283/Screenshot_316.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;163&quot; data-original-width=&quot;283&quot; height=&quot;334&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcTZ-SufVtE7c_cQI0mKhPDb1ANOj57EOgLLaKAFHslqiGbfPOUdkaJowzgWQfcjN1u9s7rx_JLcgFv5y2SSJ0uo_rETjigRdi1pUr1Yox6dzEzmSWP9qtHtGWa-YR7Q7M-gSQpPhnep0Jrn9esa5umGkhCKF3UJoIOFJMLFBCwnJtZkv_ustBrLUsUXGv/w580-h334/Screenshot_316.png&quot; width=&quot;580&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;/h2&gt;&lt;br /&gt;During a recent convention, Jeff Gitomer came up with the saying, &quot;It&#39;s not about what you are selling, it&#39;s about what the customer is buying.&quot;
191. <br /><br />The buyer is actually purchasing need fulfillment rather than your product. Salespeople must assess the demands of their clients' businesses and develop solutions that boost those clients' productivity. What exactly is the buyer purchasing? American marketing expert Thomas Winninger puts it succinctly with these examples:
192. <br /><br />"BMW doesn't sell cars, their customers buy a driving experience."
193. <br /><br />"Kodak doesn't sell film, their customers buy a magic moment."
194. <br /><br />"Hertz doesn't rent cars, they get you out of the airport faster."
195. <br /><br />These days, salespeople need to be problem solvers who can come up with solutions for clients when they're in a bind. As a result, they need to be extremely knowledgeable about their clients' industries. They frequently have to clarify what those demands are since the client might not be aware of them or may not have the time to do so. Clients want the "Sales Force of the Future" to arrive at the door with the knowledge and acumen to understand and assess their difficulties. If a salesperson can identify the "pain" and alleviate it, customers will pay attention and make a purchase. Instead of the "coolest technology" with three speeds that can be adjusted, they want solution providers.
196. <br /><br />It is acknowledged by the "Sales Force of the Future" that it is not about the product you are selling. It's not just about the merchandise. They translate the solution into the sale by having a thorough understanding of the customer's issue and what the customer is actually purchasing.
197. <br /><br />Traditional and Modern Formulas
198. <br /><br />Salespeople need to develop into strategists with a game plan since the current sales environment tends toward a more complex milieu. Improved partnerships, greater business expertise, and better solutions are needed for this approach. Some salespeople from the past might think they have what it takes. They've got the expertise. They have a lengthy history. They might be in error as well. The world is evolving. This is not how the "Sales Force of the Future" does things. They understand that we cannot afford to get comfortable. Competitive edge is destroyed by complacency. It is imperative for sales professionals to avoid being self-indulgent, regardless of their level of experience or length of time in the industry. Thomas Winninger uses the tortoise and the hare tale to illustrate my thesis.
199. <br /><br />In the folktale In the race between the turtle and the hare, the tortoise lost. The rabbit went crazy. He was so foolish that he lost it. Rather than utilizing his advantages, he was preoccupied with wondering why the turtle was peeking over his shoulder. He was smarter, faster, and better, but he forgot this and grew comfortable.
200. <br /><br />Conversely, the "Sales Force of the Future" recognizes that each day presents a fresh opportunity for learning. When I was a young salesperson starting up in the distribution industry, the key to success in sales was a straightforward formula: relationship selling. That formula was instilled in me by a mentor.
201. <br /><br />The Past Success Formula: Establish a solid rapport with your client; become friends with him, and he will find a way to purchase from you.
202. <br /><br />Today, relationships by themselves won't earn you the sale. They are still crucial, of course, especially if you want to be able to use the success formula of today. The formula of today is no more complicated than it was in the past, but keep in mind that the customer's purchase is more important than what you are trying to offer. Determine what the customer needs in terms of a solution and what he is buying.
203. <br /><br />The "Sales Force of the Future:" formula. Determine the true nature of the customer's purchase. Remove the pain to transform into a complete solution supplier.
204. <br /><br />Even if the suffering has nothing to do with your product, identify it and put an end to it. Being a complete solution provider is key. The reason the formula of today works is that it gives a competitive edge. This holds the key to prosperity for the "Sales Force of the Future."
205. <br /><br />Salespeople used to be educated to concentrate on their goods. They were fully aware of its characteristics, advantages, maximum lifespan, and what happened when the red button was pressed. Salespeople could not stop talking about the goods till their faces turned blue. They were prepared to launch an attack, armed with warranties and pamphlets. However, buyers today demand more than simply the newest gadgets and the greatest "widget" money can buy. They seek comprehensive resolutions to every issue they face. All of a sudden, the brochure and other marketing collateral are just auxiliary. Consumers nowadays are better informed, more sophisticated, and looking for more than simply goods. Their goals include profit generation, market share, and efficiency.
206. <br /><br />One quote from Jeff Gitomer states, "You cannot puke all over your customers with features and benefits." We used to be instructed to bombard the purchasing agent's office with discussions about these features and advantages. We were taught to watch their lips when they asked inquiries and to speak again when they took a breath. On the other hand, over 80% of the time, the "Sales Force of the Future" must LISTEN. Recognize the client's objectives, mindset, industry, issues, methods of operation, customers' customers, and, at the end of the day, their issues. It all comes down to what the buyer is purchasing.
207. <br /><br />Take Care: The Answer Might Not Be What You Think
208. <br /><br />Because of this, it's critical that the "Sales Force of the Future" comprehends both the industry and the consumer. Occasionally, an apparent solution turns out to be blatantly incorrect. Just last week, my eight-year-old grandson Zayne made that point very clear to me. To head down to the store, we got in the car. I told him to fasten his seat belt and sat him in the back seat, like a responsible grandpa. "Oh my goodness, Grandpa, we're just heading to the nearby store." Must I?" "Zayne," answered I, "It's a proven fact that more than 75% of accidents happen within 20 miles of your home." Zayne asked, "Then why don't we just move?" with the sincerity and innocent innocence of an eight-year-old, as he gazed at me in confusion.
209. <br /><br />Recognizing the Suffering
210. <br /><br />Increase your understanding and awareness of the issues facing your customers. Selling a solution to make someone's life better, simpler, easier, or more enjoyable has replaced selling a product. You may assist the customer in turning a profit by lowering costs, increasing value, improving efficiencies, and increasing sales by getting to know his company and his clients. These remedies can have nothing to do with your product and can take many different forms. It's alright. Regardless of the source of the discomfort, look for it and concentrate on the remedy.
211. <br /><br />Consumers are not interested in things; rather, they are interested in ways to generate money. They seek contentment, comfort, pride, admiration, and self-worth. They are human beings just like us. They may not share our insane genes, but they are nonetheless just as intelligent, compassionate, and sensitive to human wants and emotions.
212. <br /><br />Thus, how do salespeople determine the problem and pinpoint the customer's pain point? How can we determine what they are actually purchasing? A lot of this information is learned by listening. I'm not kidding when I say this. You don't prioritize promoting products. You pay attention to what the client is saying to you. You look into his field. You cautiously converse with his clients and even his rivals. With this information and a thorough understanding of your client, you can intelligently solve practically any problem. You have gained a competitive edge as you have elevated your customers' expectations of you and your business. Value is everything. Not the value you add to your service or product, but rather the value you bring to a circumstance or to your relationship. By doing this, you may establish a true working relationship with your client and his business.
213. <br /><br />It's Not Very Hard Science
214. <br /><br />Actions to take:Developing relationships is still crucial.Examine the circumstances –Before discussing the solution, ascertain the issue facing the customer. Pay close attention to what you hear.Recognize the customer's objectives from the past, present, and future and make adjustments as necessary.Imagine yourself in their position. How would you like to be informed? How would you respond?Speak with the "head man"—the hub—who is the company's expert and makes all of the decisions.Understand the market by speaking with your clients' consumers.Complete your task by conducting research online. Discover your client's industry, market, rivals, profit-making strategy, clientele, and—above all—his own business-related suffering.Relationships are still vital, as was previously mentioned. In actuality, your customer's company and yours should have more than one layer of relationships. How is it different now? In the realm of professional sales, the relationship is merely the starting point. To give our clients the most value possible, we must properly maintain the relationships we've built.
215. <br /><br />
216. <br /><br />In today's world, the lone wolf sales strategy of the past—one that I also grew up using—will not succeed. That's what the "Sales Force of the Future" recognizes. The times have evolved. Consolidations are still happening. Acquiring is a vocation. Consumers are more astute. Every day, their market power increases. The "Sales Force of the Future" is aware that principle and process are now more important than power and politics. The "Sales Force of the Future" will only succeed if its architecture is in line with business prospects and consumer needs. Recall that it isn't about the product you are selling!
217. <br /><br /><br />
218. <br /><br /><br />
219. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/6804646069507858171/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2024/09/its-not-about-selling.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/6804646069507858171'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/6804646069507858171'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2024/09/its-not-about-selling.html' title='It&#39;s Not About Selling'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcTZ-SufVtE7c_cQI0mKhPDb1ANOj57EOgLLaKAFHslqiGbfPOUdkaJowzgWQfcjN1u9s7rx_JLcgFv5y2SSJ0uo_rETjigRdi1pUr1Yox6dzEzmSWP9qtHtGWa-YR7Q7M-gSQpPhnep0Jrn9esa5umGkhCKF3UJoIOFJMLFBCwnJtZkv_ustBrLUsUXGv/s72-w580-h334-c/Screenshot_316.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-612024017225067754</id><published>2024-09-04T12:40:00.000-07:00</published><updated>2024-09-04T12:40:00.238-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'> The Truth About Market Timing</title><content type='html'>&lt;h2 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;The Truth About Market Timing&lt;/h2&gt;&lt;h2 style=&quot;text-align: left;&quot;&gt;&lt;br /&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjq4rNtbX5BPVUbBRhbclN1TBCPULheuYV1-UA-_IFFiwyCCyOCtcHQccVNehjjDhKm8VfdyKIzkGa3rtWS8hPmvJimilHrvMl1jW4HdmDH1VYHG-rKXA-j_W2nq8RGSTRmviSCSS954rqOtUaduLbcSeF6-SJvusGxPIFkEnYyE8z9n6kB9F78wMsFZR7T/s248/Screenshot_315.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;160&quot; data-original-width=&quot;248&quot; height=&quot;267&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjq4rNtbX5BPVUbBRhbclN1TBCPULheuYV1-UA-_IFFiwyCCyOCtcHQccVNehjjDhKm8VfdyKIzkGa3rtWS8hPmvJimilHrvMl1jW4HdmDH1VYHG-rKXA-j_W2nq8RGSTRmviSCSS954rqOtUaduLbcSeF6-SJvusGxPIFkEnYyE8z9n6kB9F78wMsFZR7T/w414-h267/Screenshot_315.png&quot; width=&quot;414&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;/h2&gt;&lt;br /&gt;&lt;br /&gt;Historical patterns of trading are the foundation of market timing methods. When applied to historical data, every system you&#39;re likely to read about performs admirably. You would never learn of its failure in the past if it had worked. However, trends may and do shift, and what lies ahead is perpetually a mystery. Investors would have avoided a steep fall had a mechanism been put in place for the market trends of the 1970s, which encompassed a two-year severe bear market. In contrast, the extended bull market of the 1980s necessitated something else entirely. Additionally, conducting backtests in the 1970s with an ideal system that was developed in the 1980s would have yielded poor results. So far in the 1990s, investors have been more injured than helped by any defensive strategy.
220. <br /><br />It will be difficult to time the market if your mental stability is dependent on knowing where your money is at all times. No matter how much you try to comprehend market timing, its performance and direction will frequently elude you. Furthermore, they will disobey logic. The market's moves could appear understandable in the absence of timing. There are many analyses of every blip that appear in print, online, and on the media every single day. As a result of their persistence, economic and market patterns give the impression of being somewhat reasonable. When you start timing your investments, though, everything changes. No one can tell you how your timing models function unless you built them and know them inside and out, or unless you do the math yourself on a daily basis. Asking yourself to buy and sell based on faith is a common task. Given that the timing success is dependent on the interaction between your models and market patterns, the source of your short-term results may also remain a mystery. Your results may appear arbitrary when compared across years, quarters, and months.
221. <br /><br />The majority of us tend to believe that the current state of affairs will persist. But that isn't the case when it comes to market timing. Immediate previous performance will have little bearing on future performance. Therefore, you can never be sure of what's going to happen next. For the sake of this *timing simulator*, let's pretend that you have complete knowledge of the monthly returns of a successful approach over a 20-year timeframe. Naturally, a large portion of the monthly returns will reflect losses, but a considerable portion will reflect gains. Picture this: you make a deck of cards with all the returns written on it, put them in a hat, and then start drawing them at random. And picture yourself beginning with a stack of poker chips. Chips are awarded if a positive return is drawn. In this game, though, you'll have to surrender some chips to *the bank* if your return turns out to be negative. You can be reasonably certain if the first six cards you get are all positive. Plus, you'll hope that the fun moments won't end. Your joy may be short-lived, though, if you get a card that represents a loss out of the blue. And if you lose a lot of chips on the first card you draw, you could start to question if you still want to play this game. Even if you know the drawing is completely random, it's still possible to feel like you're on a *negative roll* and assume that the upcoming quarter will be just like the last if you get two bad cards in a row and see your chip pile diminish. However, you can't expect the next card to be predictable. All of this is readily apparent when one is merely engaged in a game of poker. Living the dream isn't easy. For instance, in the last quarter of 2002, our Nasdaq portfolio strategy—which aimed to beat the Nasdaq 100 Index—returned 5.9 percent, which was quite good for a portfolio that was solely invested in technology funds. However, the first quarter of 2003 saw a decline of 7.8 percent. At least among those who were aware of this method, the majority of investors persisted. However, they were greatly unsettled by the setback and the abrupt change in fortunes that they had anticipated. This same thing occurred, but in much larger numbers, with our more aggressive tactics. A number of investors were taken aback when they saw substantial first-quarter losses so soon after investing in such portfolios, which they had entered in the winter of 2002. Some people got out of the company because they thought the losses would keep piling up. If they had been more patient, they could have made double-digit gains in the rest of 2003, more than making up for their losses. Naturally, though, it was impossible to predict in advance.
222. <br /><br />Although most timers would deny it, every market timing technique has been *tuned* to work best in the past. What this implies is that they are based on data that has been hand-picked to ensure that they enter and exit the market at optimal moments. Consider it in light of this comparison. Let us pretend for a moment that we are attempting to construct, using data from the last 30 years, an improved version of the Standard & Poor's 500 Index. Looking back, it seems like we might easily boost the index's performance with some straightforward adjustments. It would be easy to *exclude* from the index, for example, the worst-performing stock industry and any companies that have declared bankruptcy during the last 30 years. By doing so, a significant amount of the *garbage* that has historically reduced performance could be eliminated. We could also quadruple the weightings of a handful of selected stocks in the new index—for example, Microsoft, Intel, and Dell—to inject a dose of positive return. A new *index* would be created, which has historically outperformed the actual S&P 500 in terms of return on investment. Perhaps we think we have found something really useful. The fact that this plan isn't likely to yield better results in the following three decades is obvious to anyone. By playing around with historical data in this straightforward way, you can easily create a *system* that passes the eye test. The term "data-mining" describes the process of sifting through large amounts of historical data in search of relevant pieces of information that can be "fitted" into a preconceived ideology or reality model. Any findings you derive from data-mining are useless and untrustworthy forecasts, according to academic researchers. One way or another, data-mining or optimization is the foundation of every market timing system. If you want to create a timing model, your only option is to look at previous periods and try to replicate their successes. Optimization is the foundation of every market timing model. One issue is that some systems, like as the improved S&P 500 example, are overly optimized and discard historical data in a manner that may not be dependable going forward. To illustrate the point, we lately examined a system that included some *rules* for when to send a purchase signal, and then we included a filter that said such a buy may only be sent out during four particular months annually. On paper, that technique appears fantastic since it eliminates the eight months of ineffective purchases. There isn't a foolproof method for telling which systems are over-optimized and which ones are resilient. Generally speaking, though, you should seek out simpler systems rather than more complex ones. It is more probable that an extremely complicated system will generate spectacular hypothetical returns than a simpler one. The less complicated system, on the other hand, is more likely to act in a predictable manner.
223. <br /><br />A long-term view and the capacity to dismiss short-term fluctuations as meaningless *noise* are crucial qualities in a successful investor. For those who want to buy and hold, this might be a rather simple task. However, you'll be entangled in the process of market timing and forced to concentrate on the short term as a result. It's not enough to just monitor short-term shifts; you'll also need to respond to them. Plus, you'll need to disregard them right away. If you ask me, there are occasions when that isn't easy. Smart people in the real world usually do one last *gut check* to see how they really feel before making a big decision. Nevertheless, this commonsense step must be eliminated and action must be taken when one is pursuing a mechanical method. This isn't always easy.
224. <br /><br />There will be extended stretches when your results are lower than or higher than the market average. Being in the market when prices are falling and out when prices are rising are both considered regular and expected activities, but your definition of normal and expected activity needs to be broader. On occasion, your earnings may fall short of money market fund rates. And if you're timing your short bets, you can end up broke while everyone else is flush with cash. Is that something you can roll with the punches as an investor? Avoid putting money into that plan if you can help it.
225. <br /><br />It is possible to get poor outcomes with even the best timing system. Although it may seem apparent, market timing introduces an additional degree of uncertainty to investing and presents yet another chance to be correct or incorrect. Applying your timing model to a fund that does not track the market would yield different results than what you would anticipate, even if your model consistently makes the right calls regarding the market. Use money that correspond well with your system for this purpose.
226. <br /><br />For me, the most important thing is that timing is really difficult. In my opinion, having someone else handle the actual timing moves is the way to go for most investors. Hiring an expert is an option for you. Another option is to delegate the trade-making to a trusted coworker, friend, or family member. In this approach, you can avoid letting your emotions interfere with your discipline. With your system in place, you can relax and enjoy your holiday. The most crucial thing is that you will no longer have to deal with the emotional challenges of entering and exiting the market.
227. <br /><br />No way!<br /><br />
228. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/612024017225067754/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2024/09/the-truth-about-market-timing.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/612024017225067754'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/612024017225067754'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2024/09/the-truth-about-market-timing.html' title=' The Truth About Market Timing'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjq4rNtbX5BPVUbBRhbclN1TBCPULheuYV1-UA-_IFFiwyCCyOCtcHQccVNehjjDhKm8VfdyKIzkGa3rtWS8hPmvJimilHrvMl1jW4HdmDH1VYHG-rKXA-j_W2nq8RGSTRmviSCSS954rqOtUaduLbcSeF6-SJvusGxPIFkEnYyE8z9n6kB9F78wMsFZR7T/s72-w414-h267-c/Screenshot_315.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-872623021729794560</id><published>2024-09-03T12:40:00.000-07:00</published><updated>2024-09-03T12:40:19.873-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><category scheme="http://www.blogger.com/atom/ns#" term="projective"/><title type='text'>The Pleasures of Workaholism</title><content type='html'>&lt;p&gt;&lt;/p&gt;&lt;h2 style=&quot;text-align: left;&quot;&gt;The Pleasures of Workaholism&lt;/h2&gt;&lt;h2 style=&quot;text-align: left;&quot;&gt;&lt;br /&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiz3QdVV5gnxB3k4F-jPZYjcjonL-R7MVrgm4KLsyqKNyro2pFOQqpjU2RdUE2bG_eMuI377f6FJzupI72Q3Z6CyW3x6cv17PFNaVWtRCJi-9-2OPPBmtznAA6CuqMQC7sWX3Ic7EMk0Akd-5xei3NwkRW-FbFeMzBnSNldms2g7Xf_OGDo8KRSWJ9KEaxY/s253/Screenshot_314.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;185&quot; data-original-width=&quot;253&quot; height=&quot;331&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiz3QdVV5gnxB3k4F-jPZYjcjonL-R7MVrgm4KLsyqKNyro2pFOQqpjU2RdUE2bG_eMuI377f6FJzupI72Q3Z6CyW3x6cv17PFNaVWtRCJi-9-2OPPBmtznAA6CuqMQC7sWX3Ic7EMk0Akd-5xei3NwkRW-FbFeMzBnSNldms2g7Xf_OGDo8KRSWJ9KEaxY/w453-h331/Screenshot_314.png&quot; width=&quot;453&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;/h2&gt;&lt;br /&gt;&lt;br /&gt;The new standard for an official workweek is 35 hours rather than 40. There is a 45-hour weekly cap in most nations. Less work, more recreation has been the clear trend throughout the past century.  
229. <br /><br />What is true for blue collar laborers and government employees may not be true for liberal professionals in white collar jobs. Those in the legal, accounting, consulting, managerial, and academic professions often work 80-hour weeks. "Workaholism" is an insulting combination of the terms "work" and "alcoholism" that describes the phenomena and its harmful social effects. A workaholic's health suffers greatly as a result of their obsession with work: they gain weight, don't exercise, and experience increased stress. Their family life is also negatively impacted. Workaholics, who are often characterized as "alpha" types, have three times the risk of heart attacks than the general population.  
230. <br /><br />Where does this phenomenon originate from, socially and economically speaking?  
231. <br /><br />The lines between work and play have become increasingly porous, and this is the end result. An fundamental and profound social development in human history is the gradual elimination of the clear divide between work time and leisure time, which existed for thousands of years.  
232. <br /><br />This tremendous shift occurred as a result of a confluence of several other changes in the nature of people's work and home situations.  
233. <br /><br />The most consequential, if not the most important, was the loosening of restrictions on movement of workers and the evolving definition of work itself. Workers were able to more easily move from one industry to another as the world shifted from an agricultural to an industrial, a service, and finally an information and knowledge society. A farmer's mobility is severely limited. Due to a lack of effective refrigeration, preservation, and transportation methods, his products was primarily consumed locally, and his means of production remained fixed. Some outcasts took up nomadic trading. When the industrial revolution began, the size of this group skyrocketed. Indeed, the majority of the employees remained stationary and rooted to the factory floor. The final goods and raw materials, however, had to travel great distances to reach distant markets. It became clear that professional services were required, and therefore the professional manager, attorney, accountant, consultant, trader, broker, etc., became both an annoyance and an essential part of the production process.  
234. <br /><br />Following that, the services sector emerged. The protagonists were no longer tied to a specific location. Dispersed over the globe, they served a wide range of "employers" in a number of different capacities. Today, at the dawn of the information and knowledge revolution, this trend has increased. Facts and information are universal. It can be effortlessly moved from one location to another. It lacks spatial and a-temporal properties due to its transient nature. The players' whereabouts in the modern era's economic exchanges are easily verifiable.  
235. <br /><br />The rise in the mobility of people, things, and data (verbal, visual, textual, and otherwise) coincided with these tendencies. The globe has truly shrunk to the size of a global village due to the transportation and communications revolutions. It was the first step toward enabling phenomena like commuting and multinationals. The Internet eliminated not just physical but also temporal obstacles through the use of facsimile messages, electronic mail, and other modem data transfers. Virtual workplaces nowadays are not only spatially but also temporally virtual. Because of this, employees can work together regardless of their location or the time zone they're in. For example, they can use an electronic mailbox to delegate their task to someone else.  
236. <br /><br />The basic definitions of "work" and "workplace" have been splintered by these most recent technological developments. Long gone are the three dramatic unity outlined by Aristotle. As a result of innovations like flextime and work-from-home, employees were no longer required to commute to an office every day; this was especially true in Anglo-Saxon countries, which have historically been at the forefront of technological advancement. This was perfectly in keeping with the current trend of social fragmentation, which is characterized by the breakdown of once-solid social structures like the nuclear (and extended) family. All of this was meticulously encased in individualism, which was portrayed as a private instance of liberalism and capitalism. Individuals were urged to think and act independently. We used to think of people as cells in an organism, but now we see them more as islands.  
237. <br /><br />The extraordinary rises in productivity and increases in global trade occurred simultaneously and amplified each other, contributing to this trend. Technological advancements in management, manufacturing, inventory control, automation, robotics, plant modernization, communications (which allows for more efficient transfers of information), and even design concepts have contributed to these trends. However, automation rendered human workers unnecessary. Given the dizzying pace of technological advancement, retraining would be futile. The structural unemployment rate, which is a result of changes in the market's fundamental structure, increased as a country's level of technical development increased.  
238. <br /><br />Its percentage of the workforce in Western Europe increased dramatically from 5% to 9% in just a decade. A reduction in the workweek was proposed as a means of controlling the influx of evicted people. One more was to help a big number of people who were out of work. Lastly, and most subtly, there was the matter of justifying free time. Protestant and Jewish work ethics, which have previously frowned upon sloth, have recently begun to advocate for people to "self fulfil," or indulge in habits and interests unrelated to work, in order to fully express who they are.  
239. <br /><br />In the past, this helped to muddy the waters between work and play. The mores of our day now praised both of them. The fundamental aspect of free time, work, has become less regulated and strict throughout the years. It was possible to do, and more and more people did, their jobs from the comfort of their own homes. There was a complete domination of "home turf" over "work-place" territory. Time was the only determinant in the emotional leap. "Pleasure" was reserved for the times when people weren't working; in the past, working was a necessary evil. Both were either pleasurable or painful, or both, or some combination of the two. Some people started to love what they did for a living to the point where it replaced their free time as their primary means of satisfaction. They are extreme workers. Even though they were in a new, more leisurely setting, several people still hated work and felt lost. Too much time, no plan, and muddled instructions on who to do what to and when made them unqualified and untrained to handle the situation.  
240. <br /><br />Nobody saw it as their job or part of the socialization process to teach people how to manage their free time and the overwhelming amount of options available to them, and neither did the state, parents, educators, or employers.  
241. <br /><br />There are a lot of ways to categorize markets and economies. The work-leisure axis is among them. Societies and economies that cling to the outdated idea of a "work-life" divide will either completely collapse or fall well behind the curve. For the simple reason that they won't have produced a generation of dedicated workers capable of propelling the economy forward.  
242. <br /><br />The Big Lesson is that creating, maintaining, and expanding capitalism need workaholics. Most people do not start a business with the express purpose of making a profit, contrary to popular opinion among the ignorant. For them, it's all just part of the fun of playing the game of business, with all its challenges, opportunities, challenges, ups, and downs. Nothing here has to do with cold, hard cash. All of it pertains to the field of psychology. While it's true that in the financial world, money is the yardstick by which success is judged, it quickly becomes an abstract yardstick, similar to monopoly money. Insight, cunning, wisdom, and prescience are all embodied by it.  
243. <br /><br />Businesses bring a sense of joy to workaholics. The pleasure principle is personified by them. They are the ones who run the show, the companies, and the enterprises. They are the driving force, the ones who make things happen. In their absence, communist economies would emerge, in which no one really owns anything and everyone claims ownership of everything. People in these "collective ownership" economies go to work even whether they hate it, act out in ways that hurt the company, or just don't want to. No one can endure a life filled with animosity and dishonesty for very long, therefore their careers inevitably decline and end. One must have joy in order to have joy.  
244. <br /><br />That is the essence of capitalism: doing nothing at all while simultaneously pursuing pleasure and labor with equal fervor and fulfillment. Most importantly, the (growing) freedom to do it whenever, whenever, and with whoever you like. There can be no genuine change until the Homo East Europeansis alters his mindset. The shift occurs first in people's minds, before it manifests physically. Changing people is more important than dictating, legislating, funding, urging, or offering them anything. It is consciousness that determines reality, according to Marx, a fervent non-capitalist. How accurate he was. Look at the United States and see how communism failed miserably.
245. <br /><br />No way!<br /><br />
246. &lt;br /&gt;&lt;p&gt;&lt;/p&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/872623021729794560/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2024/09/the-pleasures-of-workaholism.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/872623021729794560'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/872623021729794560'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2024/09/the-pleasures-of-workaholism.html' title='The Pleasures of Workaholism'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiz3QdVV5gnxB3k4F-jPZYjcjonL-R7MVrgm4KLsyqKNyro2pFOQqpjU2RdUE2bG_eMuI377f6FJzupI72Q3Z6CyW3x6cv17PFNaVWtRCJi-9-2OPPBmtznAA6CuqMQC7sWX3Ic7EMk0Akd-5xei3NwkRW-FbFeMzBnSNldms2g7Xf_OGDo8KRSWJ9KEaxY/s72-w453-h331-c/Screenshot_314.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-6720982864480880238</id><published>2024-08-31T09:27:00.000-07:00</published><updated>2024-08-31T09:27:00.125-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><category scheme="http://www.blogger.com/atom/ns#" term="projective"/><title type='text'> Retirement Savings Must Begin Immediately Due to the Collapsing Economy.</title><content type='html'>&lt;h2 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;Retirement Savings Must Begin Immediately Due to the Collapsing Economy.&lt;/h2&gt;&lt;h2 style=&quot;text-align: left;&quot;&gt;&lt;br /&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigzEXLtzZP9r1kgn0Ss9Q2p71xnjjTGHN-EQRnS_lpzaJ782OL24v_29Jx2evkHCk1Hop8WPnQhq3Je_M8mfbTSsqpE7dURGtnGZdz_QsjfELwtJtBAZhPqnAoUxYlB92YE8oWy_GDfYIY0cBXgq5v8en0frvibGFagdKLtwFpx34yNwl7RbgiLajPdhs2/s270/Screenshot_217.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;143&quot; data-original-width=&quot;270&quot; height=&quot;280&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigzEXLtzZP9r1kgn0Ss9Q2p71xnjjTGHN-EQRnS_lpzaJ782OL24v_29Jx2evkHCk1Hop8WPnQhq3Je_M8mfbTSsqpE7dURGtnGZdz_QsjfELwtJtBAZhPqnAoUxYlB92YE8oWy_GDfYIY0cBXgq5v8en0frvibGFagdKLtwFpx34yNwl7RbgiLajPdhs2/w529-h280/Screenshot_217.png&quot; width=&quot;529&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;/h2&gt;&lt;br /&gt;Many people have come to the realization that they must begin saving for retirement immediately in light of the current economic climate, which appears to be in free fall and the heightened focus on the significance of such actions.
247. <br /><br />
248. <br /><br />Actually, you'll have more money available for retirement if you begin saving for it at a younger age.
249. <br /><br />
250. <br /><br />Even fewer will begin saving for retirement right now, particularly those who are young and unmarried.
251. <br /><br />
252. <br /><br />However, the truth is that you should begin saving for retirement while you are young and unmarried.
253. <br /><br />
254. <br /><br />The two most important causes of this are: There is a clear rationale for this: the longer you put money away, the more you'll have.
255. <br /><br />
256. <br /><br />Knowing that you are financially prepared to retire and enjoy a comfortable life in your golden years is a great feeling.
257. <br /><br />
258. <br /><br />Two, when you don't have a lot of outgoing cash flow, it's much simpler to establish a savings habit and a budget (and stick to it).
259. <br /><br />
260. <br /><br />If you want to establish the habit of saving for retirement, it may be easier if you start early, before you get married, have kids, and have to worry about paying for college.
261. <br /><br />
262. <br /><br />As they get closer to retirement age, many people realize their error and begin to really consider saving for it.
263. <br /><br />
264. <br /><br />The catch is that they have a plethora of other commitments and significantly less spare time at that time.
265. <br /><br />
266. <br /><br />I suppose we can now say that getting a head start is preferable.
267. <br /><br />
268. <br /><br />You should never merely "hope for the best" when you entrust your money to a financial advisor; this is another crucial consideration.
269. <br /><br />
270. <br /><br />A lot of people did it, and now they've all lost a lot of money from their retirement accounts.
271. <br /><br />
272. <br /><br />"Invest for the long term" and "recoup your investments when the market rebounds" are the conventional wisdoms, you know.
273. <br /><br />
274. <br /><br />However, that reasoning is severely flawed in two key areas:
275. <br /><br />
276. <br /><br />First, you might not be able to retire with enough money to cover all of your expenses.
277. <br /><br />
278. <br /><br />What if, only a few years or months before you were supposed to retire, you saw half of your retirement savings evaporate? How would that make you feel?
279. <br /><br />
280. <br /><br />Next, what? Will you continue working? Have you ever hoped for the best and retired on schedule? What about when your children move out?
281. <br /><br />
282. <br /><br />When the markets fall, very few extremely rich and successful individuals see a significant loss of their financial capital.
283. <br /><br />
284. <br /><br />For what reason is that going on? They are an integral element of their investment strategy, and for many of them, they possess some level of knowledge.
285. <br /><br />
286. <br /><br />As soon as they detect a decline in the markets, they will transfer a large portion of their funds to safer alternatives.
287. <br /><br />
288. <br /><br />That way, even if the market crashes, their money will be in a secure location.
289. <br /><br />
290. <br /><br />They haven't lost much, if any, of their initial investment, so they don't even need to recover it.
291. <br /><br />
292. <br /><br />Furthermore, despite the market crisis, their assets kept growing in numerous instances!
293. <br /><br />
294. <br /><br />As a result, smart investors are raking in the dough during the down market, while millions of people are frantically trying to get their money back, which might take years.
295. <br /><br />
296. <br /><br />You should begin making preparations for retirement immediately after reading this.<br />
297. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/6720982864480880238/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2024/08/retirement-savings-must-begin.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/6720982864480880238'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/6720982864480880238'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2024/08/retirement-savings-must-begin.html' title=' Retirement Savings Must Begin Immediately Due to the Collapsing Economy.'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigzEXLtzZP9r1kgn0Ss9Q2p71xnjjTGHN-EQRnS_lpzaJ782OL24v_29Jx2evkHCk1Hop8WPnQhq3Je_M8mfbTSsqpE7dURGtnGZdz_QsjfELwtJtBAZhPqnAoUxYlB92YE8oWy_GDfYIY0cBXgq5v8en0frvibGFagdKLtwFpx34yNwl7RbgiLajPdhs2/s72-w529-h280-c/Screenshot_217.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-3901140078465189216</id><published>2024-08-29T09:26:00.000-07:00</published><updated>2024-08-29T09:26:00.121-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><category scheme="http://www.blogger.com/atom/ns#" term="projective"/><title type='text'>Stock Market</title><content type='html'>&lt;h2 style=&quot;text-align: left;&quot;&gt;Stock Market&lt;/h2&gt;&lt;h2 style=&quot;text-align: left;&quot;&gt;&lt;br /&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg76dz_7Gohr4287ODqNExms_HDpnOnHrx2FCt5DxWZdC1JQHZs7MKN-2YJL5-VdOr3aYYPSIi1E0-_jTRH9Zxz0ZBORrvbzx8XUd13wCi5jIFeYuV36vomTWvl52mGBiOabDqYbM8VRy4GJHkMF0JwspkTEtVk6CG9damoiGXwfUq4QiSgfgJlipGQ9kYe/s313/Screenshot_216.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;152&quot; data-original-width=&quot;313&quot; height=&quot;301&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg76dz_7Gohr4287ODqNExms_HDpnOnHrx2FCt5DxWZdC1JQHZs7MKN-2YJL5-VdOr3aYYPSIi1E0-_jTRH9Zxz0ZBORrvbzx8XUd13wCi5jIFeYuV36vomTWvl52mGBiOabDqYbM8VRy4GJHkMF0JwspkTEtVk6CG9damoiGXwfUq4QiSgfgJlipGQ9kYe/w620-h301/Screenshot_216.png&quot; width=&quot;620&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;/h2&gt;&lt;br /&gt;Most people don&#39;t aware how long the stock market timetable is. The German stock exchange in Frankfurt has been around since the ninth century.
298. <br /><br />
299. <br /><br />Government securities and other investments were traded by merchants and financiers in the 13th century. In an effort to boost their own economies, most large European cities went along with this trend and started issuing debt-based securities to investors.
300. <br /><br />
301. <br /><br />Nevertheless, the modern stock market did not come into being until 1602 when the Dutch East India Company issued the first privately held equities on the Amsterdam Stock Exchange.
302. <br /><br />
303. <br /><br />When other business owners saw the potential in selling their company's shares as a means to grow and expand, the stock market really took off.
304. <br /><br />
305. <br /><br />A number of New York stockbrokers did not publicly establish the regulations for stock dealing until 1792 when they established the New York Stock Exchange board. They made a pact to meet every day to swap bonds and stocks.
306. <br /><br />
307. <br /><br />When telegraph signals sent via Morse code were successfully communicated in 1844, allowing investors to send and receive stock market quotes, the New York Stock Exchange grew considerably to attract investors outside of New York. In 1867, the stock ticker mostly supplanted it.
308. <br /><br />
309. <br /><br />The first transatlantic communications cable, connecting London and New York, was finished in 1866. It wasn't until 1878 that the New York Stock Exchange began using telephones on the trading floor, but this enabled the stock markets of both nations to communicate quickly.
310. <br /><br />
311. <br /><br />In 1896, the Dow Jones industrial stock average was introduced in the Wall Street Journal. The Securities and Exchange Commission (SEC) was established in 1934 to oversee the stock and bond markets. The rules that businesses had to follow in order to go public with their stock offerings were partly regulated by the SEC. In addition, it makes sure that market exchanges are following the rules every day.
312. <br /><br />
313. <br /><br />In 1971, trading officially began on the National Association of Securities Dealers Automated Quotation, also known as the NASDAQ. This marked the beginning of the first electronic stock exchange in the world. In 1994, the first stock trade was executed through the Internet.
314. <br /><br />
315. <br /><br />
316. <br /><br />Notable Stock Market Crash Timelines
317. <br /><br />
318. <br /><br />The stock market has seen numerous economic downturns and investor panics over its lengthy and varied history, and it has also witnessed some remarkable recoveries. Restoring some faith in the potential of stock markets to rebound even after the worst conceivable crashes is helped when one considers that stock market dips are not as odd or rare as many investors appear to think.
319. <br /><br />
320. <br /><br />
321. <br /><br />In 1637, there was a 90% drop in value on the Dutch stock market.
322. <br /><br />
323. <br /><br />After the London stock market collapsed in 1720, the government assumed full responsibility for the nation's debt.
324. <br /><br />
325. <br /><br />A gold price fall and the first Black Friday on Wall Street were both started in 1869 when two American investors tried to dominate the gold market.
326. <br /><br />
327. <br /><br />The most trustworthy American stock brokerage firm went bankrupt in 1873, setting off a panicky stock sell-off. As a result, two large brokerage houses and 37 banks went under.
328. <br /><br />
329. <br /><br />A new wave of panic ensued in 1884 when another major stock brokering firm went bankrupt. As a result of this frantic selling, fifteen more prominent brokerage firms went bankrupt.
330. <br /><br />
331. <br /><br />Once again, the stock market collapsed in 1893, plunging the United States into a severe economic depression.
332. <br /><br />
333. <br /><br />An additional phase of severe market decline occurred in 1907, following the "Rich Man's Panic" crash of 1903 and the subsequent revelation of news about the problems besetting a large New York bank.
334. <br /><br />
335. <br /><br />The greatest one-day drop in values in US stock market history occurred on the infamous Black Thursday of 1929, which was followed four days later by Black Monday. Prices dropped even more the following day, on Black Tuesday. Worldwide stock values fell in reaction, but it wasn't until 1932 that the market hit rock bottom.
336. <br /><br />
337. <br /><br />The 1987 stock market crash, in which the Dow Jones dropped 22.61% in a single day, was more significant than the Black Monday one-day percentage decline in stock market pricing.
338. <br /><br />
339. <br /><br />The Dow Jones experienced its worst one-day price drop ever in 2008, 777 points lower than the previous record.<br />
340. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/3901140078465189216/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2024/08/stock-market.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/3901140078465189216'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/3901140078465189216'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2024/08/stock-market.html' title='Stock Market'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg76dz_7Gohr4287ODqNExms_HDpnOnHrx2FCt5DxWZdC1JQHZs7MKN-2YJL5-VdOr3aYYPSIi1E0-_jTRH9Zxz0ZBORrvbzx8XUd13wCi5jIFeYuV36vomTWvl52mGBiOabDqYbM8VRy4GJHkMF0JwspkTEtVk6CG9damoiGXwfUq4QiSgfgJlipGQ9kYe/s72-w620-h301-c/Screenshot_216.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-7541884559942378805</id><published>2024-08-27T09:24:00.000-07:00</published><updated>2024-08-27T09:24:00.117-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><category scheme="http://www.blogger.com/atom/ns#" term="projective"/><title type='text'>When the Time Comes</title><content type='html'>&lt;h2 style=&quot;text-align: left;&quot;&gt;When the Time Comes&lt;/h2&gt;&lt;h2 style=&quot;text-align: left;&quot;&gt;&lt;br /&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYiYl-ia7nEjlqNMreU20UlWV13XSo_lRw3wsffX0RfHRZUtfglCgHjjWoJsmmdy2woqSiHAFN53fk0aht_-35L08V5M9yldpHURbLfK3BuuKPE-PN7hWoekiDPIds18PmsOYW1EiwyMgeTUapXj27jKUVgkGGOUcxvjzpepTyO5f6TVsXvSKmBMEqoR_B/s206/Screenshot_215.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;206&quot; data-original-width=&quot;176&quot; height=&quot;349&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYiYl-ia7nEjlqNMreU20UlWV13XSo_lRw3wsffX0RfHRZUtfglCgHjjWoJsmmdy2woqSiHAFN53fk0aht_-35L08V5M9yldpHURbLfK3BuuKPE-PN7hWoekiDPIds18PmsOYW1EiwyMgeTUapXj27jKUVgkGGOUcxvjzpepTyO5f6TVsXvSKmBMEqoR_B/w299-h349/Screenshot_215.png&quot; width=&quot;299&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;/h2&gt;&lt;br /&gt;Many people, in light of recent events, will be concerned about how Today&#39;s Economy and Retirement will affect them when they reach retirement age.
341. <br /><br />
342. <br /><br />Due to job loss or the declining stock market, many people's retirement funds have been wiped out.
343. <br /><br />
344. <br /><br />"Waiting until the market rebounds and you'll get your money back" could not work for them, as the old adage goes.
345. <br /><br />
346. <br /><br />When you're young and retirement is far off, that sounds like good advice. But what if you're meant to start retiring in the next few years? Can you actually see yourself right back where you were?
347. <br /><br />
348. <br /><br />While it's true that you can't change the past, you can control your financial future by ensuring that your retirement savings and the current economy don't collide.
349. <br /><br />
350. <br /><br />My meaning is unclear. Basically, what I mean is that, although it's true that you can't control everything, you should strive to exert control over the things that are within your power.
351. <br /><br />
352. <br /><br />The likelihood of your dismissal from your position is beyond your control. Except put money aside, there isn't much you can do to prepare for that possibility. In any case, you'll be right back where you started if you do wind up losing your job and all your money.
353. <br /><br />
354. <br /><br />You may, however, exert far greater influence over the investments that your money makes. Way too many individuals fail to notice this, and it has cost them.
355. <br /><br />
356. <br /><br />Allow me to relate a tale; my dear friend became very wealthy around ten years ago. She followed the crowd and hired a financial advisor to handle her investments and security.
357. <br /><br />
358. <br /><br />Although she was a pleasant, trustworthy, and reasonably skilled financial advisor, she was essentially nothing more than a commission salesperson. While that in and of itself is not problematic, her lack of serious investment expertise was.
359. <br /><br />
360. <br /><br />Whatever the so-called "experts" said, she essentially did what they said. Commissions on stock purchases and sales from her investors' portfolios were the main source of her income.
361. <br /><br />
362. <br /><br />Many individuals do that; they entrust others with their money and cross their fingers. Regrettably, the majority of these individuals lack substantial knowledge. Furthermore, your money will never be more important to any employee you employ than it is to you.
363. <br /><br />
364. <br /><br />Now what are you to do? If you want to keep your money safe, you don't need to become a broker and invest full-time, right?
365. <br /><br />
366. <br /><br />Without a doubt. You shouldn't feel pressured to become an expert, but it is wise to educate yourself on the subject and determine your true investing goals. Do you primarily aim to maintain or increase your wealth?
367. <br /><br />
368. <br /><br />One of the initial things an investing advisor will ask you is, "What is your risk tolerance?" which, when you give it some thought, is really funny. Telling them "none" will cause them to put your money away, where it will remain idle and never earn you a dime.
369. <br /><br />
370. <br /><br />If you know what you're doing, though, you may reduce your risk to almost nothing while still seeing above-average returns on your investment. It's spot on, and the genuine specialists do it all the time with their own money.
371. <br /><br />
372. <br /><br />Therefore, the current economic climate and retirement planning need not be mutually exclusive. You will probably find that you are earning more than ever before if you just become an informed and active partner in your investing.<br />
373. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/7541884559942378805/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2024/08/when-time-comes.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/7541884559942378805'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/7541884559942378805'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2024/08/when-time-comes.html' title='When the Time Comes'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYiYl-ia7nEjlqNMreU20UlWV13XSo_lRw3wsffX0RfHRZUtfglCgHjjWoJsmmdy2woqSiHAFN53fk0aht_-35L08V5M9yldpHURbLfK3BuuKPE-PN7hWoekiDPIds18PmsOYW1EiwyMgeTUapXj27jKUVgkGGOUcxvjzpepTyO5f6TVsXvSKmBMEqoR_B/s72-w299-h349-c/Screenshot_215.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-6971297588682943536</id><published>2024-08-25T09:24:00.000-07:00</published><updated>2024-08-25T09:24:52.646-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><category scheme="http://www.blogger.com/atom/ns#" term="projective"/><title type='text'> Benefits and Drawbacks </title><content type='html'>&lt;h2 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;Benefits and Drawbacks&amp;nbsp;&lt;/h2&gt;&lt;h2 style=&quot;text-align: left;&quot;&gt;&lt;br /&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCNhNCYQK1Mo6RpTZ_kiloYcRwZvmW4LnOCBGNnjvHhEdlQ0E7ABpOQNlCarGh276eNq9D1M8vzWnU4rlKvQmTgGAiNI4Ipe_vrzDDp_tM2uKBjTXRtk8ELlJgfuPXep0wMnwpRuPdpMvfw57wonNoIc1bQjDi6gaqg40sLGicrH_RzJe7U7twL1xD9I6E/s322/Screenshot_214.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;148&quot; data-original-width=&quot;322&quot; height=&quot;277&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCNhNCYQK1Mo6RpTZ_kiloYcRwZvmW4LnOCBGNnjvHhEdlQ0E7ABpOQNlCarGh276eNq9D1M8vzWnU4rlKvQmTgGAiNI4Ipe_vrzDDp_tM2uKBjTXRtk8ELlJgfuPXep0wMnwpRuPdpMvfw57wonNoIc1bQjDi6gaqg40sLGicrH_RzJe7U7twL1xD9I6E/w604-h277/Screenshot_214.png&quot; width=&quot;604&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;/h2&gt;&lt;br /&gt;When people use their credit cards, they can buy things they need or want and then pay for them later. This makes their cards similar to automated cash cards. Hotels, restaurants, internet retailers, petrol stations, and retail stores are just a few of the many places that use them. There are perks and cons to using these credit cards, but the cumulative effect of abusing them can be significant.
374. <br /><br />
375. <br /><br />Advantages:
376. <br /><br />
377. <br /><br />One of the several benefits of utilizing a credit card is that you won't need to carry around large sums of cash. It is possible to get a cash advance at an ATM or use your credit card to pay for things if you are away from home and either don't have enough cash on hand or accidentally left your cash at home.
378. <br /><br />
379. <br /><br />Paper checks are no longer accepted as payment at many modern businesses. Nonetheless, you can pay using a wide variety of credit cards. This is a huge boon for you because, with the exception of a handful of nations, you can pay for things or get cash advances in the local currency anywhere you go.
380. <br /><br />
381. <br /><br />When you locate something you want or need but don't have the money in your bank account to pay for it, you can use your credit card as if it were a loan. You can make the buy precisely when you need to. Another perk is that you can use credit cards to buy things without using a check if you're just moving to a new location. That way, you can wait to open an account with a local bank.
382. <br /><br />
383. <br /><br />Credit cards are a convenient tool for people who are more business-oriented to keep track of their receipts for tax time and business-related spending. One last major perk of having a credit card is the automatic recordkeeping that comes with it. You only need to check your balance once a month instead of after each transaction like with a checking account.
384. <br /><br />
385. <br /><br />The downsides are:
386. <br /><br />
387. <br /><br />Many individuals, particularly in the current economic climate, have fallen victim to scammers who used the phone or the internet to steal their credit card information. You either don't care enough to pay the bill when it arrives or you simply don't have the cash on hand. The remaining amount is treated as a loan with a high interest rate that you will have to repay. Nevertheless, there are instances where you might request a refund for an item that you suspect was manufactured unlawfully. However, the credit card corporation can decide against you and force you to refund the money regardless.
388. <br /><br />
389. <br /><br />Something else to think about is that if you don't pay off your credit card amount every month, you can end up spending more than the item was actually worth. Making just the minimal payment makes this situation much more likely. The original transaction and any interest that was already charged will be subject to the new monthly interest rate, regardless of whether any additional charges are made to the card.
390. <br /><br />
391. <br /><br />The typical credit card user has a balance of four or more cards. The credit limits, interest rates, and fees associated with each card are different. If you carry a balance on all of these cards, you might end up hundreds of dollars in the red. One last drawback of credit cards is that they are being used as a means to increase one's income by an excessive number of individuals, which is particularly problematic in the current economic climate.
392. <br /><br />
393. <br /><br />Clearly, there are many benefits to using credit cards, but you should also be cognizant of its drawbacks.<br />
394. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/6971297588682943536/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2024/08/benefits-and-drawbacks.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/6971297588682943536'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/6971297588682943536'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2024/08/benefits-and-drawbacks.html' title=' Benefits and Drawbacks '/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCNhNCYQK1Mo6RpTZ_kiloYcRwZvmW4LnOCBGNnjvHhEdlQ0E7ABpOQNlCarGh276eNq9D1M8vzWnU4rlKvQmTgGAiNI4Ipe_vrzDDp_tM2uKBjTXRtk8ELlJgfuPXep0wMnwpRuPdpMvfw57wonNoIc1bQjDi6gaqg40sLGicrH_RzJe7U7twL1xD9I6E/s72-w604-h277-c/Screenshot_214.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-6297314234484711123</id><published>2021-12-18T03:34:00.000-08:00</published><updated>2024-08-01T04:38:31.556-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'> Risk coverage Credi Evaluations</title><content type='html'>&lt;h2 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;Risk coverage Credi Evaluations&lt;/h2&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEha3Rkwh8lNoDBlhvGL_TWX9Zmc4_dTZ-vDPMyBRUsR6Fc1e7-09EMQqnzUp0QAIFEvjBQP6r6X5CmcBbLOzXYzeiG3Mglrnii_bP5uQk7ULAbTVk1_ECCw2nbYDBCP4rqRfY47ymBAaP9DHiv2plnkIDa_tpeE1KN6erM4A1sRBiIE0DvtdadXlvKyRT43/s927/Screenshot_76.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;608&quot; data-original-width=&quot;927&quot; height=&quot;420&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEha3Rkwh8lNoDBlhvGL_TWX9Zmc4_dTZ-vDPMyBRUsR6Fc1e7-09EMQqnzUp0QAIFEvjBQP6r6X5CmcBbLOzXYzeiG3Mglrnii_bP5uQk7ULAbTVk1_ECCw2nbYDBCP4rqRfY47ymBAaP9DHiv2plnkIDa_tpeE1KN6erM4A1sRBiIE0DvtdadXlvKyRT43/w640-h420/Screenshot_76.png&quot; width=&quot;640&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;This revolves around the practice of using a customer&#39;s credit score to determine their auto insurance premiums. A credit score, often known as a FICO score, is... The credit scoring system created by Fair Isaac &amp;amp; Co. is known as a FICO score. The purpose of credit scoring is to estimate the reliability of a customer&#39;s payment history. After Fair, Isaac started experimenting with credit scoring in the 1950s, lenders started to see it as a trustworthy way to assess borrowers&#39; creditworthiness. A borrower&#39;s credit score is an effort to reduce their whole credit history to a single numerical value. Neither the credit reporting agencies nor Fair, Isaac &amp;amp; Co. divulge the formulas used to determine these scores. This has been approved by the Federal Trade Commission.&lt;br /&gt;It is intriguing that our consumer credit score, which plays a key role in our financial lives, does not even provide full disclosure. The FTC has decided that Fair Isaac &amp;amp; Co. can avoid disclosing the algorithms employed in this process, as mentioned before; yet, this decision raises questions about consumer rights. While familiarity with FICO scores is helpful, that is not the focus of this article; rather, insurance premiums are. Therefore, what is the link? The general population is only aware of the fact that Fair Isaac reports a strong association between high-risk drivers and those with poor credit. From what I can see using this black box method, there is no actual connection between the two, and this idea is just bonkers. Convincing someone of something before they have even broken the law is analogous to this kind of thinking. Imagine, for the sake of argument, that my research reveals a strong association between criminals and those who have poor credit. Does this mean that people with poor credit are more prone to commit crimes, and that we should target them specifically or even put them in prison because of the danger they pose to society?&lt;br /&gt;College students like me, as well as minorities and the disabled, are targets of this system&#39;s discrimination. Fair Isaac &amp;amp; Co. asserts that they are unable to provide the complex algorithms used to determine these correlations and ratings due to the high expense of developing and maintaining this private information. Think about the price that consumers will pay if these tactics lead to higher rates or, worse, insurance denials. &lt;br /&gt;The Equal Credit Opportunity Act prohibits creditors from taking into account factors such as race, sex, marital status, national origin, and religion. However, it is impossible to determine if these companies are discriminating if we do not know how they calculate these scores. Many government entities use this deceptive strategy to steal money from Americans and discreetly discriminate against them. &lt;br /&gt;Can we talk about extortion? I can not help but think of extortion whenever I consider this subject. To &quot;obtain by force or compulsion&quot; is Webster&#39;s definition of extortion. Customers are coerced into paying the increased rates through the use of such illogical approaches. First, this method is used by 90% of insurance companies. Secondly, all Americans who own cars are legally required to obtain auto insurance for societal reasons. There must be some incentive to pay the rates if you live in a nation where having a car is practically essential. Furthermore, consider the following scenario: you have no money to pay for a car outright, but you might save a ton of money by getting liability insurance alone. However, the bank will insist that you get full coverage auto insurance so that they can collect their money from you after you pay off the loan. Although this case may not be a severe example of extortion, it does raise questions about the possible link.&lt;br /&gt;The insurance industry brags about providing security, protection, and tranquility, but at what price? My auto insurance premiums for the last decade have been close to twenty grand. What have I covered with those premiums? I wrecked a car with almost no money. Does insurance just amount to government-protected gambling? Unfortunately, we are once again left with little alternative but to accept collusion as the norm rather than competition, since the insurance business was shielded from antitrust regulations by the McCarran-Ferguson Act of 1944. Legislators, where are your morals? While certain states, like California, have made strides in addressing this contentious problem, consumers remain powerless in the face of federal protections. &lt;br /&gt;I am a worried citizen, and I wrote to the Pennsylvania governor specifically about this issue, asking certain concerns. My auto insurance prices have been going up significantly as of late. After looking into it, I realized that it had nothing to do with my driving record and everything to do with my credit score.&lt;br /&gt;Here is the reply I got from the insurance department:&lt;br /&gt;Your complaint concerns the utilization of credit as an underwriting tool for Pennsylvania motor insurance was submitted to the Pennsylvania Insurance Department through Governor Edward G. Rendell&#39;s correspondence office. This letter is in response to that complaint.&lt;br /&gt;Based on what I have read, it seems like you have some doubts about the auto insurance underwriting process. More especially, the process of assessing eligibility based on credit.Type of vehicle, drivers, location, etc., and, most recently, credit history are among the several variables considered when insuring an insurance policy. If an insurance firm uses credit as an underwriting tool within the first 60 days of policy writing, it is not prohibited by Pennsylvania law. To comply with legal requirements, insurance companies have 60 days from the policy&#39;s start date to assess the policy&#39;s suitability.&lt;br /&gt;You mentioned credit scoring in your letter as an element of the rating system that, presumably, needs approval from the Insurance Department. The Department of Banking only oversees underwriting criteria to ensure they do not discriminate, and credit scoring is a component of those guidelines.&lt;br /&gt;Underwriting financial and insurance transactions also makes use of credit information, according to federal legislation under the Fair Credit Reporting Act.&lt;br /&gt;Best regards,&lt;br /&gt;Investigator for Consumer Services, Debra L. Roadcap&lt;br /&gt;The reply I got was far from satisfactory; I get that federal law takes precedence over state law and that the Fair Credit Reporting Act permits the utilization of such data, but why? We still have not heard back about this question. Insurance corporations are being allowed free reign to exploit low-income families, single mothers, disabled people, minorities, and others, which is a very unethical practice in my opinion. To be fair, the government should look at customers&#39; actions on an individual basis, not at what scientists have hypothesized they might do based on past experiences. &lt;br /&gt;Wow, that is cool!&lt;br /&gt;&lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/6297314234484711123/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2021/12/risk-coverage-credi-evaluations.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/6297314234484711123'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/6297314234484711123'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2021/12/risk-coverage-credi-evaluations.html' title=' Risk coverage Credi Evaluations'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEha3Rkwh8lNoDBlhvGL_TWX9Zmc4_dTZ-vDPMyBRUsR6Fc1e7-09EMQqnzUp0QAIFEvjBQP6r6X5CmcBbLOzXYzeiG3Mglrnii_bP5uQk7ULAbTVk1_ECCw2nbYDBCP4rqRfY47ymBAaP9DHiv2plnkIDa_tpeE1KN6erM4A1sRBiIE0DvtdadXlvKyRT43/s72-w640-h420-c/Screenshot_76.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-6216199688470160005</id><published>2021-12-05T03:29:00.000-08:00</published><updated>2024-08-01T04:38:31.555-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'> Risk coverage</title><content type='html'>&lt;h2 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;Risk coverage&lt;/h2&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfNnI1cIaWau7ytTDuDk1bC6mfMPAhQWyiHeF4AhZXt0v9X75jnF6PdtT1q2Rz9EhkCBMov2f0lDObL6fZlhahKOHr91h1C_OoQiDzuQ4ktTyfOhcPl56-8Chd1Yjgtn8p60peT5GNuK6MA5bsESARWxxLVCr6YcL613b_A6w8JqPCH1MHNF9WTkZMHt02/s1171/Screenshot_74.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;574&quot; data-original-width=&quot;1171&quot; height=&quot;314&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfNnI1cIaWau7ytTDuDk1bC6mfMPAhQWyiHeF4AhZXt0v9X75jnF6PdtT1q2Rz9EhkCBMov2f0lDObL6fZlhahKOHr91h1C_OoQiDzuQ4ktTyfOhcPl56-8Chd1Yjgtn8p60peT5GNuK6MA5bsESARWxxLVCr6YcL613b_A6w8JqPCH1MHNF9WTkZMHt02/w640-h314/Screenshot_74.png&quot; width=&quot;640&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;&lt;br /&gt;Change is the one constant in our world. One must be adaptable and able to deal with the world&#39;s changes if they want to survive in today&#39;s society. Being self-reliant means being ready for the worst case scenario because no one can tell you what the future holds.&lt;br /&gt;Insurance plans are offered as a means of protection against these unforeseen occurrences. Nowadays, consumers can choose from a wide variety of insurance packages. Policies are categorized according to the coverage and parameters provided in the policy.
395. <br /><br />Is the neighborhood store okay, though? Is there an insurance coverage that would cover any damages that may occur as a result of a robbery? A complete money, securities, and payroll policy is the most typical type. Not only does the policy pay for theft-related financial losses, but it also covers those caused by natural disasters including fire, earthquake, typhoon, and flood. Coverage extends both within and outside the insured's physical location. Any delays, damage to the transport vehicle, or injuries sustained by the employee while off-site are all covered by the insurance. Visit www.rentersinsurancehelp.com for a directory of insurance companies that can supply you with references.
396. <br /><br />For funds kept on the insured's premises, a cap is established. This sum accounts for both the general fund and the petty cash reserve. The greatest amount of money is used as the limit. After business hours and on weekends, this is often the sum that is kept. It is important to consider the peak season when establishing this limit.
397. <br /><br />Outside of the premises, there is a different limit of obligation for cash. Money en route to the bank for deposit or returning from a withdrawal is what this term describes. Coverage can also extend to funds held by collectors and field salesmen.
398. <br /><br />The payroll is subject to the third limitation on responsibility. The coverage begins when an employee, in this case the cashier, receives physical possession of the funds at the bank, and it continues until the funds reach the premises. It concludes when the employees receive their paychecks. Some companies opt to have their employees deposit their paychecks into a bank account in order to eliminate the possibility of payroll loss, as well as to avoid paying a premium to cover payroll. Executives' salaries are transferred directly to their bank accounts.
399. <br /><br />Additionally, the insurance company will cover the cost of having checks reissued, but they will only pay the amount necessary. Therefore, it is critical to notify the bank right once to cease payment on a lost check.
400. <br /><br />The risks included in the all-inclusive money, securities, and payroll policy are seen by insurance firms as hazardous. Only clients with several, less risky policies, like fire, will be eligible for this policy, which is available on an accommodation basis.
401. <br /><br />Wow, that is cool!<br /><br />
402. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/6216199688470160005/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2021/12/risk-coverage.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/6216199688470160005'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/6216199688470160005'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2021/12/risk-coverage.html' title=' Risk coverage'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfNnI1cIaWau7ytTDuDk1bC6mfMPAhQWyiHeF4AhZXt0v9X75jnF6PdtT1q2Rz9EhkCBMov2f0lDObL6fZlhahKOHr91h1C_OoQiDzuQ4ktTyfOhcPl56-8Chd1Yjgtn8p60peT5GNuK6MA5bsESARWxxLVCr6YcL613b_A6w8JqPCH1MHNF9WTkZMHt02/s72-w640-h314-c/Screenshot_74.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-3898033399442619066</id><published>2021-11-28T03:26:00.000-08:00</published><updated>2024-08-01T04:38:31.555-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'> Recent Global Disasters and Their Impact on UK Insurance, Gas Prices, and Individual Budgets</title><content type='html'>&lt;h2 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;Recent Global Disasters and Their Impact on UK Insurance, Gas Prices, and Individual Budgets&lt;/h2&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNTccxxIej7MT4HUs6WnwYfrAuXuMXotNTh0N6cJme1DIrekL3Q7XnjLGxPDe1UEWiR9BCJF6tjySwtcE_nXlsEQ9SyUqYn9v2iUX2fanKR9n51zflBGBu-UwB1UGxfhGVVm4Xn2AuFj9cFdctM_RDlG_wVj3fFE7pCu1qrqJk1t57ghUyRWqEVxAer7kW/s295/Screenshot_73.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;222&quot; data-original-width=&quot;295&quot; height=&quot;482&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNTccxxIej7MT4HUs6WnwYfrAuXuMXotNTh0N6cJme1DIrekL3Q7XnjLGxPDe1UEWiR9BCJF6tjySwtcE_nXlsEQ9SyUqYn9v2iUX2fanKR9n51zflBGBu-UwB1UGxfhGVVm4Xn2AuFj9cFdctM_RDlG_wVj3fFE7pCu1qrqJk1t57ghUyRWqEVxAer7kW/w640-h482/Screenshot_73.png&quot; width=&quot;640&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;p&gt;It appears that we will all be held responsible for covering the costs following the surge in terrorist attacks in the UK and the devastating hurricane that struck New Orleans. Efforts to reduce the flood waters are expected to take several months, so it will be some time before a clear picture emerges. Currently, the total cost of the catastrophe is predicted to exceed $25 billion (£13.6bn), but many analysts predict that it could rise much higher, even doubling, to $50 billion (£27.2bn).&lt;/p&gt;&lt;p&gt;European oil stocks that were set aside for disaster protection are being rerouted to the United States to aid in their recovery efforts, which is already having an impact on the British economy through rising petrol prices. Already in recent months, oil prices have risen to record highs as traders have pushed up the price on concerns about potential supply issues from the Middle East due to growing terrorism fears. Retailers have warned of further hikes in the cost of gasoline, which means that the £1 per litre seen in some regions will likely be felt across the nation, and wholesale prices jumped again last week as a result of Hurricane Katrina. Already in the aftermath of Hurricane Katrina, Royal Dutch Shell and BP have declared their intentions to increase prices even further. According to Catalist, the average price of a liter of unleaded gas in the UK is currently 92.3p, while drivers in the US are facing record-high fuel prices of $3 per gallon.&lt;/p&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;&lt;p&gt;&quot;In the coming week, we are going to see increases of 3p or 4p a litre,&quot; stated Ray Hollaway of the Petrol Retailers Association. The events in the US have rendered that inevitable.We must come to terms with the fact that 80p per liter is a thing of the past.&lt;/p&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;&lt;p&gt;Fuel costs in the UK are already high, and the government&#39;s refusal to cut taxes is making things even worse for consumers. Meanwhile, oil companies are planning to spend millions of pounds more than expected upgrading pumps and station forecourts in the UK, which will theoretically allow them to charge higher prices when prices go beyond £1 per litre.&lt;/p&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;&lt;p&gt;Fuel price hikes have analysts worried that they will cause inflation and reduced government spending due to higher transportation costs for suppliers. However, past experience has shown that increases in petrol prices do not significantly reduce government fuel demands, but rather cause consumers to cut back on spending in other areas, which slows down the economy.&lt;/p&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;&lt;p&gt;Recent occurrences have resulted in significant increased expenses for insurance firms due to the prices of coverage. Insurers like Lloyds might take a chunk out of the damage that Katrina does to businesses both on and offshore in the Gulf of Mexico; estimates for the Lloyd&#39;s market put the cost at between £1 billion and £2 billion. &quot;Our analysis suggests that the economic costs may be quite low,&quot; Lloyds said of the &quot;terror attacks in London have had a big human cost.&quot; Lloyds may insist that the London bombings have had a small financial impact, but with further incidents on the horizon and demands to do away with exclusions for terrorist activities, premium hikes are likely to be implemented piecemeal.&lt;/p&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;&lt;p&gt;Insurers are understandably concerned about the growing costs of catastrophic weather events in the wake of Katrina and the Christmas tsunami in Asia. Many experts predict that companies will eventually have to pay much higher premiums to cover the costs of the insurance payouts related to the destruction and bloodshed in Asia and Hurricane Katrina. &quot;In the UK, climate change could increase the annual costs of flooding by almost 15-fold by the 2080s under the high emissions scenario, leading to potential total losses from river, coastal and urban flooding of more than $40bn (£22bn),&quot; according to a recent report by the Association of British Insurers (ABI).&lt;/p&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;&lt;p&gt;Additionally, according to research findings released by the ABI (http://www.abi.org.uk/), less than half of small UK firms have a plan to ensure their survival in the event of a disaster or emergency. Only half of UK households have life insurance, and 25% of mortgage holders actually do not have enough insurance to cover their debt, putting their home at risk.&lt;/p&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;&lt;p&gt;Given the UK&#39;s staggering personal debt of over £1 trillion and the declining investment levels in products like individual savings accounts (ISAs), it is understandable that many people would put off purchasing insurance until they have more money. However, it is precisely during times of financial hardship that these products become invaluable.&lt;/p&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;&lt;p&gt;There is now more competition among insurance providers, which helps keep prices down. This is due in part to the proliferation of financial information provided by outlets like the BBC, Which?, and eSure.com, as well as UK-based Moneynet (http://www.moneynet.co.uk). The current prediction, however, is that prices will go up; the exact amount, however, will not be known until the complete impact of recent events is computed. The one certainty is that the customer in the UK will be the one to pay the price regardless of where the crisis occurs.&lt;/p&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;&lt;p&gt;Wow, that is cool!&lt;/p&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/3898033399442619066/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2021/11/recent-global-disasters-and-their.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/3898033399442619066'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/3898033399442619066'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2021/11/recent-global-disasters-and-their.html' title=' Recent Global Disasters and Their Impact on UK Insurance, Gas Prices, and Individual Budgets'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNTccxxIej7MT4HUs6WnwYfrAuXuMXotNTh0N6cJme1DIrekL3Q7XnjLGxPDe1UEWiR9BCJF6tjySwtcE_nXlsEQ9SyUqYn9v2iUX2fanKR9n51zflBGBu-UwB1UGxfhGVVm4Xn2AuFj9cFdctM_RDlG_wVj3fFE7pCu1qrqJk1t57ghUyRWqEVxAer7kW/s72-w640-h482-c/Screenshot_73.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-2550430910226673105</id><published>2021-11-20T03:32:00.000-08:00</published><updated>2024-08-01T04:38:31.555-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'> Insurance and the author of &quot;The Engineer&quot;</title><content type='html'>&lt;h2 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;Insurance and the author of &quot;The Engineer&quot;&lt;/h2&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbZerTU8uKO_0d4nkmIGpLGEJtjnp7Dg5UAXuwIlACX5KjqpUveJPjGSuVb5SnVsA1mzd1vYRvgwHLY6b_pTqO7TAC-EM_W4bzI-YA7l09FCklTF0kEqaZYmTKLaCDNwt7mG9swuRP60b3YWnx7VVYhTt8CakfLyHrNPjVeeLjO0RWs9EMGF3DG6hl-FFq/s748/Screenshot_75.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;434&quot; data-original-width=&quot;748&quot; height=&quot;372&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbZerTU8uKO_0d4nkmIGpLGEJtjnp7Dg5UAXuwIlACX5KjqpUveJPjGSuVb5SnVsA1mzd1vYRvgwHLY6b_pTqO7TAC-EM_W4bzI-YA7l09FCklTF0kEqaZYmTKLaCDNwt7mG9swuRP60b3YWnx7VVYhTt8CakfLyHrNPjVeeLjO0RWs9EMGF3DG6hl-FFq/w640-h372/Screenshot_75.png&quot; width=&quot;640&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;When you put the terms &quot;engineer&quot; and &quot;insurance&quot; in the same sentence, everything goes wrong. Each of these terms has its own rationale for being in a dictionary, as well as its own definition and explanation, according to the people who put them together! Until they are employed together in the same phrase or even on the same page, they each have their own function. While the terms &quot;engineer&quot; and &quot;insurance&quot; may have once been interchangeable, the current state of affairs makes it clear that they are no longer related.&lt;br /&gt;&quot;A thing providing protection against a possible event&quot; or &quot;money paid to insure against something or by an insurance company in the event of damage, injury, etc.&quot; are the definitions given by the dictionary when considering insurance. While it may be perplexing, at least it tells us something.
403. <br /><br />"A person qualified in Engineering" and "a person who controls an Engine or a Machine" are the two definitions of an engineer that we find in the dictionary. Well, that wraps it up. I wish there was a simple way to find out more about this by searching for "Insurance Engineer" or "Engineering Insurance," but alas, that is no longer the case.
404. <br /><br />What unfortunate and unintentionally set off this whole thing was something an Engineering Superintendent said to a Ships Engineer when they were drinking beer in a bar one night. As one would expect from an engineer, he was griping about the ships' limited access to spare parts. Please note that this is a common complaint among engineers and likely has global significance; no business wants to part with costly spare parts if they can avoid it. In any case, the Superintendent, in keeping with his normal pattern, concurred with the ship's engineer and placed the blame on the paper-pusher supervisors upstairs, the ship's current budget, and the economy. Unfortunately, the superintendent drank too much beer and, failing to remember that he had long since crossed over from the Ships' staff to the Office staff, let slip a fragment of speech to which he had either been privy or to which his large ears had unintentionally listened.
405. <br /><br />It is not our strategy to buy vessel spare parts; instead, we prefer to wait for equipment failure before claiming insurance on them. That is how the comment was reported.
406. <br /><br />Astonished best describes how I feel. Outrage, shock, and disbelief might come next. Before going to bed and forgetting about it all, the Engineer and the Superintendent naturally moved on to other subjects, including critiquing other engineers and their shortcomings. The Engineer, on the other hand, just could not seem to get the Superintendent's "slip" out of his head. Who would have blamed him, anyway?
407. <br /><br />Engineers routinely face challenging situations and strict deadlines, but when provided with the necessary resources, they consistently deliver excellent work that meets or exceeds expectations in terms of both performance and safety. Engineering is defined as the "competent care of machinery" according to the dictionary. Engineers and sufficient replacement parts are essential for machinery in order to maintain a safe workplace and ensure that all equipment is in good functioning condition. Waiting for an insurance claim to be filed means the machine or engine is not safe to operate on, and the engineer has not done his job. In the eyes of insurance companies, the "things" that offer protection against potential events are engineers and necessary spares.
408. <br /><br />It is not usual practice to accumulate significant quantities of spare parts on ships because of contemporary communication systems and the availability of supplies in most ports worldwide. Everyone in the office and the engineers themselves assume that the engineer has a genuine need for extra parts when he places an order for them. With the assurance that they will reach the next port of call, or at the very latest, within a month or two, he places spare parts orders with the company. Additionally, the Engineer anticipates a purpose for them, which is why he orders them. Even though he may not realize it, he is effectively purchasing insurance for the machinery for which he has placed the order for spare parts. As part of his job as an engineer, he must ensure that the machine or engine is always in a safe and operational state, and he does this by purchasing insurance to cover any potential losses.
409. <br /><br />To review in a nutshell: the Engineer ensures the proper functioning and safety of his apparatus by changing worn or used parts as he deems appropriate.
410. <br /><br />By withholding the components that the Engineer considers essential for carrying out his work, the Company has breached its obligation to the Engineer.
411. <br /><br />The complexity and scope of what is involved make insurance a pricey business, whether it is contributions or money paid to an insurer. The idea of waiting for equipment to break in order to save money on replacement parts, having the cost of repairs covered by the insurance company, and then having the ship's owner or manager approve must seem "great" to them. The people who sucked the lifeblood out of his budget are now giving it back to him, and the insurance company is footing the bill for any damages caused by the equipment failure, downtime, and replacement.
412. <br /><br />When working on a ship that cannot receive requested spare parts, an engineer's skills are rendered useless. Now more appropriately referred to as a Caretaker who lacks the knowledge, motivation, or resources to insure his property. Having the right parts on hand is the one condition under which an engineer's insurance policy against equipment failure remains in effect; in the absence of these, the policy becomes null and void. In order to become Insured (the "thing"), he needs the appropriate support from land, even though he is competent to repair and care for engines and equipment. Eliminating that backup leaves us with an engineer who is competent but does not have insurance. In any way, shape, or form, he is unable to carry out his responsibilities to everyone's satisfaction, and he certainly cannot guarantee the proper and secure operation of his machinery while he is in charge.
413. <br /><br />We can not use the words "engineer" and "insurance" together because, for reasons beyond their control, an engineer is now legally liable to everyone involved in an insurance claim.
414. <br /><br />Wow, that is cool!<br /><br />
415. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/2550430910226673105/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2021/11/insurance-and-author-of-engineer.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/2550430910226673105'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/2550430910226673105'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2021/11/insurance-and-author-of-engineer.html' title=' Insurance and the author of &quot;The Engineer&quot;'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbZerTU8uKO_0d4nkmIGpLGEJtjnp7Dg5UAXuwIlACX5KjqpUveJPjGSuVb5SnVsA1mzd1vYRvgwHLY6b_pTqO7TAC-EM_W4bzI-YA7l09FCklTF0kEqaZYmTKLaCDNwt7mG9swuRP60b3YWnx7VVYhTt8CakfLyHrNPjVeeLjO0RWs9EMGF3DG6hl-FFq/s72-w640-h372-c/Screenshot_75.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-5242449057141869079</id><published>2021-11-14T03:24:00.000-08:00</published><updated>2024-08-01T04:38:31.555-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'> The Crux of Every Industrial Company: Instrument Technicians and Dual Trade Electricians</title><content type='html'>&lt;h2 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;The Crux of Every Industrial Company: Instrument Technicians and Dual Trade Electricians&lt;/h2&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXbzfn_HvQ9HuzsNbu9ENC2kXMRI_Z2PdPlIuWNBzOvNH1zECieGbLCxTQLgU17XZzKS5d7boNQ-RNLXQh5e_6dXVsMZkOXGoNyNQAkc-GZ_cv0-yJ7oE9jlXsYsgaSoucfpCiodfDU__OahN97tIwBQIU-HSyRgDn2yav38UD6ATG-j-aMZR6omFFxY-E/s488/Screenshot_72.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;314&quot; data-original-width=&quot;488&quot; height=&quot;412&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXbzfn_HvQ9HuzsNbu9ENC2kXMRI_Z2PdPlIuWNBzOvNH1zECieGbLCxTQLgU17XZzKS5d7boNQ-RNLXQh5e_6dXVsMZkOXGoNyNQAkc-GZ_cv0-yJ7oE9jlXsYsgaSoucfpCiodfDU__OahN97tIwBQIU-HSyRgDn2yav38UD6ATG-j-aMZR6omFFxY-E/w640-h412/Screenshot_72.png&quot; width=&quot;640&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;&lt;br /&gt;A severe shortage of blue collar workers is currently apparent worldwide, according to recent government research; this problem with the manual workforce has grown in prominence over the past few decades. A large number of industrial companies rely on blue collar workers and specialized off-contract laborers for their operations, and their significant migration to other fields has exacerbated and prolonged this phenomenon, creating serious employment problems for these businesses.&lt;br /&gt;&lt;br /&gt;These days, it is not easy for businesses to find trustworthy blue collar workers to fill open positions. Finding and hiring skilled blue collar workers can be an arduous, expensive, and time-consuming process for large industrial enterprises. Still, with the help of a trustworthy, expert recruiting agency that caters to industrialized businesses seeking experienced blue collar, trade qualified workers, these obstacles can be effectively surmounted.&lt;br /&gt;&lt;br /&gt;When looking to hire reliable blue collar workers, whether on contract or not, business owners can take advantage of the many services offered by large recruiting firms. Typically, blue collar workforce recruiting firms focus on finding and sending skilled Instrument Technicians and Dual Trade Electricians to nearby or faraway job locations so they may keep working for companies that need them. While many blue collar workforce recruiting firms focus on the electrical and instrumentation industries, they may assist clients in finding and building teams of competent individuals in a wide range of other sectors as well, such as fitters and boilermakers.&lt;br /&gt;&lt;br /&gt;Because of the wide variety of important tasks they perform inside industrial companies, instrument technicians and dual trade electricians are in high demand among qualified blue collar workers. Maintenance, repairs, calibrations, installations, thorough verification, and upgrades are just a few of the many critical jobs that Dual Trade Electricians and Instrument Technicians may carry out. Instrument technicians and dual trade electricians perform a wide variety of essential tasks and are thus the backbone of industrial power plants and other businesses in the industrial sector.&lt;br /&gt;&lt;br /&gt;The most efficient and effective way for business owners to find qualified blue collar workers, such as Instrument Technicians, Dual Trade Electricians, and others, is to use the services of a professional recruiting agency. A reliable blue collar workforce recruiting agency can expertly meet your needs, supplying you with the most qualified candidates for on-hire or contract blue collar positions, whether you are employing one individual or a large team. Hiring such a business will ensure that you have a strong, cohesive, and competent blue collar project team up and running in no time. Hire a competent, serious recruiting firm to fill your open positions for Instrument Technicians and Dual Trade Electricians in a risk-free and efficient manner.&lt;br /&gt;&lt;br /&gt;
416. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/5242449057141869079/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2021/11/the-crux-of-every-industrial-company.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/5242449057141869079'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/5242449057141869079'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2021/11/the-crux-of-every-industrial-company.html' title=' The Crux of Every Industrial Company: Instrument Technicians and Dual Trade Electricians'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXbzfn_HvQ9HuzsNbu9ENC2kXMRI_Z2PdPlIuWNBzOvNH1zECieGbLCxTQLgU17XZzKS5d7boNQ-RNLXQh5e_6dXVsMZkOXGoNyNQAkc-GZ_cv0-yJ7oE9jlXsYsgaSoucfpCiodfDU__OahN97tIwBQIU-HSyRgDn2yav38UD6ATG-j-aMZR6omFFxY-E/s72-w640-h412-c/Screenshot_72.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-8505588650131007983</id><published>2021-11-11T03:16:00.000-08:00</published><updated>2024-08-01T04:38:31.556-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'> Careers in Instrument Technology and Dual Trade Electricity are in High Demand Right Now</title><content type='html'>&lt;h2 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;Careers in Instrument Technology and Dual Trade Electricity are in High Demand Right Now&lt;/h2&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTS3Y_uc_q_NGYrJVvTq412csEvaxPMk8LGoGmsdaUvcHsM825kETxBRx_JSVeF5TkprOWB9fnpMjHcw9_XzHpdzMeSPQRCOsK_RsrgQjBBOcanXwAPDvOx-I4FeXepAGcG1FiVhAj9s_wy0fncQ_hmtynFbXwUm0T_EM_G_JkeVjCOzd4YAOsEdQcN5Ch/s728/Screenshot_71.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;375&quot; data-original-width=&quot;728&quot; height=&quot;330&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTS3Y_uc_q_NGYrJVvTq412csEvaxPMk8LGoGmsdaUvcHsM825kETxBRx_JSVeF5TkprOWB9fnpMjHcw9_XzHpdzMeSPQRCOsK_RsrgQjBBOcanXwAPDvOx-I4FeXepAGcG1FiVhAj9s_wy0fncQ_hmtynFbXwUm0T_EM_G_JkeVjCOzd4YAOsEdQcN5Ch/w640-h330/Screenshot_71.png&quot; width=&quot;640&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;&lt;br /&gt;There is a serious shortage of workers for businesses that rely on specialist manual laborers since this type of labor is becoming increasingly rare. Many large industrial organizations are currently interested in hiring a diverse range of qualified manual workers, as there are noticeable vacancies in specialized manual workforce disciplines. White shirt A wide range of industrial enterprises rely on trade skilled workers for their specialized services. Right now, jobs for Instrument Mechanics, Dual Trade Electricians, and Instrument Technicians are flying in from all throughout the industrial sector.&lt;br /&gt;&lt;br /&gt;Instrument Mechanics and Instrument Technicians are the backbone of any manufacturing company, doing a wide variety of tasks to keep everything running smoothly and safely. Tradespeople in this field fix, maintain, calibrate, adjust, install, optimize, and upgrade specialized industrial measuring and controlling equipment. Many businesses rely on specialized industrial instrumentation to run their operations, including those involved in nuclear and hydropower generation, mining, petroleum extraction and refining, natural gas processing, pulp and paper manufacturing, and many more.&lt;br /&gt;&lt;br /&gt;Workers with experience as industrial instrument technicians or mechanics are in high demand by blue collar employers in today&#39;s job market. Since they are eligible for interprovincial mobility, certified instrument technicians and mechanics with trade qualifications have a leg up when it comes to obtaining work.&lt;br /&gt;&lt;br /&gt;Qualified individuals with experience as dual trade electricians are in high demand due to the importance of their work in industrial firms. Industrial Electrical and electronic equipment in industrial settings, as well as their installation, repair, maintenance, testing, troubleshooting, and evaluation, fall under the purview of dual trade electricians. Electrical contractors and the maintenance divisions of plants, factories, mining firms, and other industrial establishments are common employers of dual trade electricians.&lt;br /&gt;&lt;br /&gt;Experience, solid training, and the right set of abilities are essential for anyone pursuing a career as a Dual Trade Electrician, just as they are for Instrument Technicians. This is because the job demands a great deal of responsibility. The wide variety of businesses that employ dual trade electricians makes it easy for them to get work. Dual Trade Electricians can work in blue collar or non-blue collar jobs, and they are hired by companies with or without contracts.&lt;br /&gt;&lt;br /&gt;Hiring a reputable recruiting agency is your best bet if you hold a certification in one of these fields and are seeking excellent employment prospects. Hiring a serious, professional recruiting firm can put your credentials, recommendations, and years of expertise in the field to work for you by connecting you with fantastic career prospects. Keep in mind that instrument technicians and dual trade electricians are in high demand right now due to the severe staffing shortages that enterprises specializing in various industrial disciplines are now facing. All it takes to join a big industrial institution is to use a reliable recruiting agency, indicate your degree of education, and provide your contacts. Finding a good job will not be a problem if you follow these instructions.&lt;br /&gt;&lt;br /&gt;
417. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/8505588650131007983/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2021/11/careers-in-instrument-technology-and.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/8505588650131007983'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/8505588650131007983'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2021/11/careers-in-instrument-technology-and.html' title=' Careers in Instrument Technology and Dual Trade Electricity are in High Demand Right Now'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTS3Y_uc_q_NGYrJVvTq412csEvaxPMk8LGoGmsdaUvcHsM825kETxBRx_JSVeF5TkprOWB9fnpMjHcw9_XzHpdzMeSPQRCOsK_RsrgQjBBOcanXwAPDvOx-I4FeXepAGcG1FiVhAj9s_wy0fncQ_hmtynFbXwUm0T_EM_G_JkeVjCOzd4YAOsEdQcN5Ch/s72-w640-h330-c/Screenshot_71.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-1330003292114484643</id><published>2021-10-30T04:13:00.000-07:00</published><updated>2024-08-01T04:38:31.555-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'> Motivating Your Team Members to Act Now</title><content type='html'>&lt;h2 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;Motivating Your Team Members to Act Now&lt;/h2&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgl3D9gJHVyuJ0WeXAn-TeqhgLlRsasZsFLVC_i8MLdbPHHkBNhKWaTHcql709GnLhiW74dE3VVJ2MIOLGavMoEvsHVpSYjOlQMbIe1ljjQBQvB0VekrZRFDCemmOC_w2drDQCztpC1DwYokAblV70QX_vHE-2dhm2mJRgzT3Dg2MbmeGiG3oGwwfke64Jq/s1184/Screenshot_70.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;609&quot; data-original-width=&quot;1184&quot; height=&quot;330&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgl3D9gJHVyuJ0WeXAn-TeqhgLlRsasZsFLVC_i8MLdbPHHkBNhKWaTHcql709GnLhiW74dE3VVJ2MIOLGavMoEvsHVpSYjOlQMbIe1ljjQBQvB0VekrZRFDCemmOC_w2drDQCztpC1DwYokAblV70QX_vHE-2dhm2mJRgzT3Dg2MbmeGiG3oGwwfke64Jq/w640-h330/Screenshot_70.png&quot; width=&quot;640&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;&lt;br /&gt;In order to demonstrate how leaders can bring their actions to a whole new level of consciousness and dedication, the author takes a cue from an old radio comedy. &lt;br /&gt;In a legendary radio spoof, comedian Jack Benny had a man with a gun kidnap him while he was out and about. Gunman told Benny, &quot;Your money or your life,&quot; when he was acting out the part of a chronic miser.  Quite a while passed.  He yelled out, &quot;Your money or your life.&quot;
418. <br /><br />"I am thinking!" Benny exclaimed.  "I am thinking!"
419. <br /><br />I always associate leadership with that skit. The depiction of Benny's persona on stage offers a hilarious, yet slightly offbeat, look at the human condition as a skinflint who is just as worried about his bank account as he is about his life.  The value of one's life is relative to other things, for some.  
420. <br /><br />While I acknowledge that numerous leaders throughout history have given their lives for their cause, I contend that true leadership necessitates a level of dedication that is comparable, if not more, than that which is required of us.
421. <br /><br />Position and performance alone do not make a leader.  That is not all.  It is a mission for life.  While I do not think it should take precedence over your personal life, I do think that those in positions of leadership should strive to improve themselves via their work.
422. <br /><br />You place a high value on leadership for two reasons.  To start, it can make or break your career.  At the core of most occupations is a leadership role.  I was informed by a director of human resources.  "Brent, we recruit individuals based on their expertise and experience, but we either elevate them, fail to elevate them, or dismiss them based on their leadership qualities (or absence thereof.)  "The reasons we promote are not the same as the reasons we fire or promote from within."
423. <br /><br />Companies are always on the lookout for competent executives.  Furthermore, your professional standing will be much enhanced compared to others who are unable to supply it, or who do it in an inefficient manner.
424. <br /><br />This is particularly true when advocating for ethical leadership.  Leading a group of people is not what it means.  The days of command and control are coming to an end. They have ended. In today's world, leadership may be either inspiring or a complete mess.
425. <br /><br />The order is the most subordinate kind of leadership when it comes to consistently producing greater outcomes at a faster rate.
426. <br /><br />Globalization is causing the most dramatic shifts in the corporate landscape since the Industrial Revolution. Modern leaders require abilities more akin to white-water canoeing than they did a generation ago due to escalating competition, exponential growth in the volume and velocity of information, widespread availability of that data, and the collapse of hierarchical systems of command.
427. <br /><br />Leadership emerges in a setting where power structures are fluid, knowledge is shared extensively, markets are always evolving, and workers have a lot of agency. A different kind of leadership—one that inspires followers—is required in this setting.
428. <br /><br />The ability to "have" others get results is a key leadership quality.  Therefore, inspiring others to achieve their goals is the essence of global leadership.
429. <br /><br />Such leadership is essential for attaining such remarkable results.  To put that leadership into action, here is the instrument you need.  The Leadership Talk is that instrument.  The Leadership Talk consists of the following points.
430. <br /><br />Worldwide, there is a hierarchy of verbal persuasion that can be used to realize motivated leadership.  Everyone, regardless of background, occupation, or aspirations, is subject to this system.  
431. <br /><br />Presentations and speeches are at the base of the hierarchy.  Information is conveyed via them.  The Leadership Talk is the pinnacle, the most efficient level.  There is more to the Leadership Talk than just relaying facts.  Plus, it accomplishes a lot more.  It helps people form profound, personal, and emotional bonds with one another.
432. <br /><br />It is not, "Why is this connection necessary in terms of getting organizational results?" "Why is the Leadership Talk the gold standard for international leadership?" is the question that needs answering (as the answer is evident).
433. <br /><br />First of all, for over twenty years, I have had CEOs and other top executives from the world's most successful firms use it, and it has always worked. I call it "more results faster, continually." It is all about assisting leaders in getting it.  Even without the Leadership Talk, you may achieve such worldwide effects.
434. <br /><br />Motivating, results-oriented, and action-focused, that is the Leadership Talk.  Using it will reveal that it is effective on both a corporate and an individual level.  
435. <br /><br />The second way leadership is vital is because it encompasses the world of the intensely personal.  All of your connections, not just those at work, can benefit from this leadership style.  Truthfully, it is something you can wholeheartedly commit to in any relationship, at any time.
436. <br /><br />Your life or your leadership?  Leadership is a way of life according to the Leadership Talk.    <br />
437. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/1330003292114484643/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2021/10/motivating-your-team-members-to-act-now.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/1330003292114484643'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/1330003292114484643'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2021/10/motivating-your-team-members-to-act-now.html' title=' Motivating Your Team Members to Act Now'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgl3D9gJHVyuJ0WeXAn-TeqhgLlRsasZsFLVC_i8MLdbPHHkBNhKWaTHcql709GnLhiW74dE3VVJ2MIOLGavMoEvsHVpSYjOlQMbIe1ljjQBQvB0VekrZRFDCemmOC_w2drDQCztpC1DwYokAblV70QX_vHE-2dhm2mJRgzT3Dg2MbmeGiG3oGwwfke64Jq/s72-w640-h330-c/Screenshot_70.png" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6021480959995827760.post-8518747693995567761</id><published>2021-10-22T04:11:00.000-07:00</published><updated>2024-08-01T04:38:31.556-07:00</updated><category scheme="http://www.blogger.com/atom/ns#" term="Business"/><category scheme="http://www.blogger.com/atom/ns#" term="Instrument Technology"/><title type='text'> Rapid Establishment of Trust</title><content type='html'>&lt;h2 style=&quot;text-align: left;&quot;&gt;&amp;nbsp;Rapid Establishment of Trust&lt;/h2&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4ViUHB_c3gOEW2DbTYr9CeGBtRkhnF3fEVoVfeNjYb2NzirdD8sp-gi5RrQUtOBUMg1Nf4XFZ8R-FXatuS80W8a8CYdb94VPd91NdJHmnVmqaDWb562FZ1k3Fy-DKb5qjNDijpY1oq4xGwejFqg3pxpCVgOsGvOTwBJ-1uYDNN0ZxmsrkgUXMdVvGPsTs/s1175/Screenshot_69.png&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; data-original-height=&quot;575&quot; data-original-width=&quot;1175&quot; height=&quot;314&quot; src=&quot;https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4ViUHB_c3gOEW2DbTYr9CeGBtRkhnF3fEVoVfeNjYb2NzirdD8sp-gi5RrQUtOBUMg1Nf4XFZ8R-FXatuS80W8a8CYdb94VPd91NdJHmnVmqaDWb562FZ1k3Fy-DKb5qjNDijpY1oq4xGwejFqg3pxpCVgOsGvOTwBJ-1uYDNN0ZxmsrkgUXMdVvGPsTs/w640-h314/Screenshot_69.png&quot; width=&quot;640&quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;div&gt;&lt;br /&gt;&lt;/div&gt;&lt;br /&gt;Has it ever happened to you that you instantly clicked with someone?  Someone who was so similar to you that you could understand his thoughts almost verbatim?  How at ease were you when you were around that individual?  You put your faith in him, did not you?  You probably get along famously with that individual.&lt;br /&gt;When people have rapport, they are able to walk hand in hand.  If two people have good rapport, it is if they are speaking the same language.  When two people can not understand each other, it is like trying to communicate in two different languages: Greek and Chinese.  Nobody is on the same page.
438. <br /><br />Selling and Rap
439. <br /><br />Over 90% of the sales process hinges on developing a strong connection with the prospect, according to sales research.  Without rapport, a prospect will find an excuse to buy from another agent, regardless of how renowned your firm is or how much coverage you have for your client.
440. <br /><br />When we are with people who are similar to us, we tend to click.  People who are different from us are hard to comprehend and connect with.  We find them peculiar.  Our worldviews inform our evaluations of other people.
441. <br /><br />We need to make sure our prospect is ready to listen to us before we can discuss how we can meet his needs.  Building rapport allows us to earn his trust and do this.
442. <br /><br />CONSTRUCTION REPORT
443. <br /><br />How can we establish a connection?  The majority of independent insurance agents understand the need of building rapport with potential clients before attempting to "sell" them anything.  They strike up a conversation in an effort to find something in common.  The sad truth is that people only understand 7% of what we say.  On the other hand, our physiological cues and 38% of our intonation are conveyed quite well.
444. <br /><br />Connecting on a physiological level is one of the strongest methods of building rapport.  Rapid rapport building is possible through the use of a strategy known as mirroring.  Simply put, it is imitating the other person's physical gestures and physiology.  When the other person relaxes in their chair, you should do the same.  You should also cross your legs if the other person does likewise.  When someone seats forward, you should do the same.  If you want your prospect to listen to what you have to say, you need to make her feel at ease with your presence.
445. <br /><br />Subtle mirroring is what it is.  Before you adjust your body to face your potential customer, give it a few seconds to settle in.  You need to keep changing your body language to stay in rapport with your prospect as they move around you since mirroring is an ongoing and fluid activity.  Be careful not to imitate.  Stay away from the prospect if she scrapes her nose; doing so can make her angry if she figures out what you are up to.
446. <br /><br />Exercise Increases Revenue
447. <br /><br />To master the mirroring technique, practice makes perfect.  You can practice on those closest to you until it becomes second nature.  Once you master this strategy, your prospect will have no idea what you are up to.  The only reason he will feel completely at ease around you is because you are just like him.
448. <br /><br />Ten percent of closing a deal is building rapport.  Increase your closing ratio dramatically by employing the strategy of immediate rapport.
449. <br /><br />Wow, that is cool!<br /><br />
450. &lt;br /&gt;</content><link rel='replies' type='application/atom+xml' href='https://www.potala.my.id/feeds/8518747693995567761/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='https://www.potala.my.id/2021/10/rapid-establishment-of-trust.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/8518747693995567761'/><link rel='self' type='application/atom+xml' href='https://www.blogger.com/feeds/6021480959995827760/posts/default/8518747693995567761'/><link rel='alternate' type='text/html' href='https://www.potala.my.id/2021/10/rapid-establishment-of-trust.html' title=' Rapid Establishment of Trust'/><author><name>admin</name><uri>http://www.blogger.com/profile/16948445872256608404</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='https://img1.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4ViUHB_c3gOEW2DbTYr9CeGBtRkhnF3fEVoVfeNjYb2NzirdD8sp-gi5RrQUtOBUMg1Nf4XFZ8R-FXatuS80W8a8CYdb94VPd91NdJHmnVmqaDWb562FZ1k3Fy-DKb5qjNDijpY1oq4xGwejFqg3pxpCVgOsGvOTwBJ-1uYDNN0ZxmsrkgUXMdVvGPsTs/s72-w640-h314-c/Screenshot_69.png" height="72" width="72"/><thr:total>0</thr:total></entry></feed>

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