Monday, April 21, 2014

What 9 Highly Successful People Wish They Knew Before Starting Their First Jobs

                     harvard business school graduation MBA students

Like countless college students before them, the class of 2014 has little idea what to expect when they enter the working world.
"Whether you know exactly where you're heading or feel a bit lost," writes Facebook COO Sheryl Sandberg in "Lean In For Graduates," the latest edition of her popular book, "everyone has this in common: you're all in for big surprises." 
College graduates will leave the safe, structured world of higher education and enter a fiercely competitive job market, instantly going from the top of the food chain to the bottom. When they land a job, they enter a strange new world of office politics, power jockeying, and hidden agendas.  
To give  young people a head start, Business Insider polled some of the world's most successful people to find out what they wish they had known before they graduated.  
A few common themes: Take risks, stay focused, don't underestimate the power of relationships, and expect the unexpected.  
Arianna Huffington, president and editor-in-chief of The Huffington Post Media Group and author of "Thrive":
"In college, just before I embarked on a career as a writer, I wish I had known that there would be no trade-off between living a well-rounded life and my ability to do good work.  
"I wish I could go back and tell myself, in my thick Greek accent: 'Arianna, your performance will actually improve if you can commit to not only working hard, but also unplugging, recharging, and renewing yourself.' That would have saved me a lot of unnecessary stress, burnout, and exhaustion." 
Scott Adams, creator of syndicated comic Dilbert and author of "How to Fail at Almost Everything and Still Win Big"
"I would tell my young self to keep open as many options as possible because the future is wildly unpredictable. The best way to improve your options is to continually learn as much as you can in fields that are complementary to your main interests. It also helps your odds if you stay networked with as many influential people as you can."
Kay Krill, president and CEO of ANN Inc.:
"The advice I would have given to my college self and any young person entering the workforce today would be to always be authentic and true to yourself and your beliefs. Do not get sidetracked with advice from others that your gut tells you is wrong. By doing this, you will have the clarity of mind to always do the right thing for the business and for yourself."
Mark Cuban, billionaire entrepreneur and investor:
"I wish that I had known it was just a job and not a mission to make my employer money. I thought I could truly impact the profits of the company — that my ideas were as good on my first day as the most senior executive. I should have been patient and tried to fit in and develop a possible career. 
"But I didn't. I was a horrible employee. As it turns out, being bored and deciding to leave after nine months wasn't a bad decision. So I guess the real response is that I'm glad I didn't know it even though I should have. If I had known that, I might still be there…"
Denise Morrison, president and CEO of Campbell Soup Company:
"If I could give my younger self career advice, it would be this: Don't wait for doors to open. Open them yourself by being persistent and thinking strategically about your career. Plan your career destination, develop a personal mission statement, and build relationships with sponsors and mentors. 
"And above all, network, because networking is working. Your ability will only take you so far. Your relationships will take you the rest of the way."
"I wish I'd read Warren Buffett's early annual letters. There are so many gems that apply broadly to business and life. I'll paraphrase my favorites:
  • Be fearful when others are greedy and greedy when others are fearful.
  • To be successful, you can get a lot of things wrong, as long as you get a few critical things right. 
  • Invest [your time and money] as though you have a single card with only five to 10 hole punches allowed.
Whether you're playing on Wall Street or Main Street, I think his wisdom is an incredible asset." 
Teresa Taylor, former COO of Qwest Communications and author of "The Balance Myth":
"When I was in college, I wish I would have known that you need to be more flexible with work life. You will have situations, bosses, and decisions that you cannot predict, and nothing turns out the way you thought it would. That's OK! Let things happen, and open yourself to new opportunities."
Dan Schawbel, managing partner of Millennial Branding and author of "Promote Yourself":
"As a college student, I never knew that entrepreneurship was a career solution to employment, nor did I consider an entrepreneurial approach to career management. Like most students, I thought that the ideal career path was to work your way up at a big company and then retire, and boy was I wrong. 
"Through the years, I realized that the only way you can truly get ahead is by being accountable, networking constantly, and putting yourself out there. I realized that you need to think of a career as a collection of experiences along a journey and leverage everything you can to propel yourself forward."
Kat Cole, president of Cinnabon:
"What I wish I would have known is that everything will change and eventually work out in your career when you follow your purpose and passion. Don't get too caught up in the 'plan' that you have. 
"As a mentor once shared with me, especially when you are young, each career move and choice you make won't be your last, and you can always course correct, so don't waste too much time overanalyzing the next few steps. Take a risk, be the best at the job that you can be, help others along the way, and the next right thing will present itself."

5 Ways That Renting In NYC Is Unlike Anywhere Else

                              apartments nyc

You already know that New York City is like no other place in the country, if not the world.
You may not know--but will quickly discover--that this is also true of the rental market here. 
If you're planning to move to glorious Gotham, don't do it blindly.
Here are the top five reasons the apartment hunt is different in the New York City.
1. The season matters a lot
With the annual influx of college grads starting new jobs in the city, New York is arguably a more seasonal rental market than elsewhere. 
That means that in the peak spring and summer months, you'll face steeper rents and more competition for apartments. If you can't push off your move to fall or winter, at least try to schedule moving day for the middle of the month, when moving companies have less business and may offer you a discount.
2. We have these little things called broker's fees
Unlike almost anywhere else, here in New York City, we often pay for the privilege of finding an apartment.  
If you find a rental advertised on a listings website like Craigslist or StreetEasy, and it doesn't specifically say "no fee," chances are you'll pay anywhere from an extra month of rent up to 15 percent of a year's rent to the broker marketing the apartment. 
To keep your costs on the lower end of the spectrum, try to negotiate the fee or search for "low fee" listings. (Naked Apartments, a BrickUnderground sponsor, is one site that offers this search filter.)
Another low-fee option: Sign up for the corporate relocation rate offered to BrickUndergrounders by our partner, Suitey, a tech-friendly brokerage that typically charges 10 percent of a year's rent. 
Finally, it isn't impossible to find a no-fee apartment. Slap on some elbow grease and study up here on how other renters have done it. Tried-and-true techniques include calling a building's management company directly, shopping in new developments, subletting an apartment until the lease runs out and then renewing directly with the landlord, and searching through websites that have a lot of no-fee listings (we've rounded up the best of them here).
3. Listings are full of white lies
Roosevelt Island becomes the Upper East Side; a convertible two-bedroom is really a one-bedroom with a tiny office; "cozy," obviously, means small. We're guessing that even listings in Duluth, Minn., bend the truth, but the extent of the subterfuge in a pricey market like New York is on a different scale.
To get around the broker hyperbole, put more stock in readily available, objective information.
Look at floor plans to get a sense of the layout and size of an apartment, Google the address to find out exactly where it is, and read up on neighborhood blogs for a clearer picture of what an area is really like. (You may want to check out our Confessions of a Neighborhood Blogger series, or our Transitions column, where New Yorkers dish on moving from one neighborhood to another.) You can also look up crime stats on the NYPD's official website.
4. Don't assume you can build a wall
 Lots of young (and not so young) New Yorkers are able to pay this city's outrageous rents because they split up bedrooms and living rooms with temporary walls, cramming more people in to less space. But beware: buildings have begun cracking down on them
Be sure to ask your broker or management company if they're allowed before you plan to move into a place and start putting up a wall. Most buildings will still allow bookshelf walls (yes, that is a real thing). But it's worth checking on those too before you sign a lease.
5. You'll probably need a guarantor
Most landlords here require that tenants earn an annual salary of 40 to 50 times the monthly rent. If you don't, they'll ask for a guarantor who  lives in the tri-state area and makes 80 to 100 times the rent to promise to pay the balance of your lease if you stop sending the rent checks.
Instead of a guarantor, some landlords will accept a higher security deposit (say, two to six months of rent) or prepayment of part of the first year's rent.  Note that rent-stabilized buildings, which include many newer rental buildings, are not allowed to take a higher security deposit.
In either situation, you may be able to use a service like Insurent, which acts as a professional guarantor for tenants with clean credit histories. You'll pay about 80 percent of a month's rent if you have U.S. credit and 110 percent of a month's rent if you are foreign with no U.S. credit record.

12 Things You Should Stop Paying For

We live in a consumer nation, where it has long been the case that many of us are encouraged to spend and to pay it off with money we don't have, which then racks up our debt.
This mentality has shifted little during the recession; people are gradually spending less and saving more. However, there are still a lot of things we're paying for that we don't need.
Here are 12 things you should be getting for free.
  • Books: Don't buy books. Instead, borrow them from the library or from a friend, and explore sites that will let you swap books with other people such as BookMooch and PaperBackSwap. Alternatively, there are plenty of wonderful free ebooks on Amazon if you're game to try an indie author.
  • Cable: A record number of Americans are canceling their cable services, reports Business Insider. Paying for cable almost seems pointless when you look at all the free options out there such as Hulu and network websites that offer free streaming of their hit shows online. Here are steps to cut the cord and survive a world without cable.
  • Credit report: Get your free credit report from AnnualCreditReport.com, which allots you one free report per year from each of the three bureaus.
  • Shipping: Hunt around the web for free shipping when you're shopping online. Go to freeshipping.org and find promo codes for free shipping on the website; you can even subscribe to get free shipping alerts from the site. Be sure to also check out retailmenot.com for free shipping codes.
  • Museum tickets: Don't pay for admission to museums. Most museums offer free entry at least once a month. To find out which museums offer this freebie, you can search around the web by typing in the name of the city or museum and the keywords "free admission." Or you can check out SavvyCities, select the city you live in, then click the "attractions" tab and the "museum free days" option for a listing of museums that offer free admission.
  • Water: Don't buy bottled water, and opt for tap water instead. If you don't like the taste of it, perhaps invest your money in an affordable water filter. Check out this Brita water filter pitcher ($27).
  • Baggage on board: If you have the right carry-on luggage, you won't have to check in your excess baggage and pay those pesky fees again. Get a carry-on that airlines will accept, and learn how to pack light.  
  • Texts: If you opt for a smartphone, then you can download one of the free texting apps such as WhatsApp to your phone, so you won't have to pay for texts.
  • Bank accounts and credit cards: Do some research to sign up for bank accounts and credit cards without annual fees. There are plenty of great options out there.
  • Cleaning supplies: DIY cleaning supplies with things you already have in your pantry for a natural and free alternative.
  • Exercise: Of course, this is really objective, but you don't have to pay for exercise if you use what's available to you, such as the great outdoors. I've recently been a huge fan of the free POPSUGAR Active app that provides users with a lot of awesome fitness videos and guides. It's like having a celebrity personal trainer in your own living room!
  • International phone calls: Don't pay for international phone calls when you can call your overseas pals for free. You can call them over a Skype app that can be installed on your computer, iPhone, or Android. However, the other person has to have Skype installed as well for you to talk to them without getting charged.

Turning your Dream into Reality: Roles of a Tech Startup CEO, Dreamer, Recruiter, Property Dealer, Designer, Electrician and the list goes on.

  

As today M & M Innovators becomes 1 month old, I, the CEO of the company has shared the story of how a dream turned into reality.

On one fine day me and my best friend were working on our PhD thesis and talking about how we used to talk about opening our own company when we were doing our MSc over a cup of coffee. It was that day that we decided why don't we give it a try, what could be the worst that could happen? We fail? So what? At least we would follow our dream. Since that day we never looked back.

So, the first role of a CEO is that she/he should be a Dreamer, it is only when you think big you can actually do something. We looked at what were the things that fascinated us. I love games, she loves education, a mix of both made us brainstorms on ideas on how can we make education fun. She also likes boring ERP system blah! Which I run away from. We are still negotiating on which clients work we are going to accept!

Once you have identified what you want to work on, you need to start Recruiting. You need to find the right mix of people that specialise in what you want to work on and that are passionate about the field because trust me in our team meetings my team has more ideas than me as they love what they do. So it is very important to hire people who love the project because if they love the work they are doing, you will not have to call them up and ask if the work is done, they will show it to you themselves.

For me I will say the above two things were the easy part and that I as a CEO was ready for them but what I was not ready for was the role of a Property Dealer. I searched and searched for apartments for my office, some were too big, some too small, some too costly, some at bad locations. It took me around 2months to actually find an office that fit our requirements. We signed the deal on 25 Feb 2014 and I was so excited, that I called my carpenter to look at the office in order to design furniture for it only to find out that when we went there we found out that the person with whom we signed the deal with hadn't himself finished paying off the original owners!!!!! Yes that did make me lose my mind and we were confused and in a panic as the original plan was to open the doors of the our startup by 1st March 2014.

After a heated discussion with the person who rented us the office, he gave us another office in the same area for which he had paid off all installments. All this went back and forth  we got the new office location by 10th March 2014. I thought the worst part was over but I was wrong. 

The next role was Designing the office, we went and looked at office furniture in many shops but nothing seemed to match my vision of how I wanted my office to look like. So I sat down and searched on net for different office designs, made modification on it  and handed it over my idea to the carpenter and said if he could make it. He was more than happy to make it. He told me don't worry I will finish it in 2 days. When I went to see it after two days I wasn't that pleased but I guess he did the best he could. With a bit of modifications the workspace was ready by 14th March 2014.

Now comes the role of Electrician, once all the rent and furniture issues were resolved, while checking out the lighting of the office on 14th March 2014 evening, the electric meter tripped. Oh damn! Now what? It turned out that there was some problem in the wiring of the meter which made it trip. Got all that fixed by 14th March 2014.

In my mind the office doors were to open on 15th March 2014 and on the night of 14th March 2014 I felt that something was missing. OMG how could I forget! I hadn't bought any chairs and I had told my team to show up on 15th March 2014 at 9 a.m. So I rushed out at night around 10-11 p.m to go buy chairs. Only two furniture shops were open thank God! We bought the chairs, placed them in the office a 12 a.m.
                        

The morning of 15th March 2014, was the most amazing day for me as officially our company's doors were open and our 2 weeks training program started. It’s been a month since that day and I am still learning a lot. 

Being a CEO of a tech company is more than just being good in technology it requires a lot more than that. It requires passion  and the motivation, to not give up. As it is not easy to start a startup but it is a road worth trying. We are working on our product and also have got few clients. We have faced many challenges but we as a team refuse to give up. So my advice to anyone who wants to setup a startup and to all the Startups CEOs is that stay focused and do not give up.

How To Use The Science Of 'Physical Intelligence' To Win A Negotiation

                    House of Cards

If you want to get the upper hand in a negotiation, give your opponent a latte and sit them on a sofa. 
As new insights into the mind show, people's behaviors are shaped by their physical sensations — all without their knowing. For instance, if you're holding something warm, you'll treat the people around you more warmly.
That's great if you want to make a friend, but not so great if you're sticking to your asking price.
Tel Aviv University professor Thalma Lobel tells Business Insider that this is all a part of embodied cognition, a growing field within psychology that shows how your mental life is a part of your physical life. Her new book, "Sensation: The New Science of Physical Intelligence," details why. 
"As children, we first learn the concrete concepts of close or far, smooth or rough, warm or cold," she says. "On the basis of these concrete concepts we learn more abstract concepts." 
You can hear it in the way we talk about each other: She's a smooth operator; he's a cool customer; they're warm people.  
"When we feel the physical sensations," Lobel says, "they activate the more abstract concepts. That's why when we touch something warm, without our being aware of that process, it activates the concept of a warm personality." 
The book examines a range of research on the way our physical sensations shape our mental lives and, as a consequence, our social interactions. 
In a 2008 study, experimenters gave cups of coffee to people and asked them to rate somebody's personality based on a snippet of information. The trick was that one group held a hot cup off coffee, and the other held iced coffee. The group that held the hot cup gave a much higher rating of "warmth" than the people holding the iced coffee. 
"None of them were aware that the cup of coffee influenced their judgment," Lobel says. 
In a related 2010 study, experimenters sat subjects down and put them into a simulated negotiation over the price of a car. Their first offer was rejected and then they had to make another offer. The trick was that one group of subjects was seated in soft chairs, another in hard chairs. As blog Neuromarketing reports, the people in soft chairs increased their offers by almost 40% more than those in hard chairs. The people in hard chairs, on the other hand, were hard bargainers. 
In a 2011 study, experimenters gave subjects a bit of chocolate, a cracker, or no food. They were then asked to fill out an unrelated questionnaire, after which an experimenter told the participants that "another professor from the psychology department had just stopped by and said that volunteers for another, unrelated study were needed." Who was more likely to volunteer? The chocolate eaters. 
The conclusion: In a negotiation, give your opponents something sweet and warm and sit them in a soft chair, and it could tip the scale to your favor, Lobel says

HAYA AND HIJAB: ARE THEY SAME?

   haya

Haya and hijab are two distinctive terminologies which people often take as synonyms. Therefore when we see a girl in hijab sitting with a guy in a questionable setting we subsequently start criticizing her hijab whereas the real problem is in her heart. This might happen due to lack of knowledge, dishonesty or considering religion as a mere outward thing which has least concern with the soul. I chose this topic because I am wearing hijab for quite some time without realizing the importance of haya.
It is shocking to observe that Quran first addresses the issue of haya prior to making jilbab or khimar an obligation. The word haya comes from al-hayah meaning life. Some scholars have also argued that if a person does not have haya then he/she is considered dead. Haya does not only concern an individual’s appearance rather it emphasizes upon the shyness of soul, mind, emotions, thoughts, gaze etc. Unfortunately today media and entertainment have actually destroyed its fundamental concept through introducing vulgarity, shamelessness and dishonesty into our society. This has reached to a level where people comment on each other’s photos ‘hot’ and ‘sexy’ without realizing the filthy meanings of these words and their subsequent impact on human psychology.
When individuals are highly conscious of what they are saying, looking, listening or thinking then hijab mechanically comes to cover the outer part. However, when they aren’t really careful about the aspects of haya then hijab slowly and gradually fades away. Today we see girls in hijab doing every other thing that a non-hijabi would do because they face difficulty in comprehending the idea of haya while those who aren’t wearing hijab actually have a hard time accepting the fact that it is an ‘obligation’ in Islam. This is primarily because they aren’t introduced to the principles of haya, for instance, why worry about hijab? Just stop listening songs, engaging in useless conversations, capturing provocative pictures and posting them on Facebook and Allah swt will open your heart towards haya and hijab both.
“What do you mean we all are behaya?”
Hmm actually no!
The logic is pretty simple
  • You cannot listen to the Quranic recitation along with filthy songs
  • You cannot pray in a room full of pictures
  • You cannot ‘hide’ yourself while uploading pictures on facebook
  • You cannot stop someone from being physically attracted towards you while you aren’t dressed as per the commands of Allah swt
This is like putting an ice cube in hot water thinking that it won’t dissolve. So we all need to clear our perceptions while being extremely honest to ourselves first.
Listen I am already living a good life with or without practicing hijab, haya or whatever so I don’t need to bother about all these things.
Hmm see what Prophet s.a.w.w. has to tell you:
“Haya’ (modesty) and Iman (faith) are two that go together. If one is lifted, the other is also lifted.” [Recorded by al-Hakim]
Do you want to lose your emaan while being extra casual towards haya? I don’t think that it is a rational attitude.
  • You know listening songs isn’t permitted in Islam. Stop listening.
  • You know watching filthy stuff online or offline isn’t good for your modesty. Stop watching.
  • You know what the dress code is for women in Islam. Start practicing it.
At least make an intention to do these things.
By the way “Haya is only for women … Right? Then why I have read all this?”
Haya is equally important for both men and women since Prophet s.a.w.w. did not mention any one gender in the above hadeeth. Moreover, the most modest person ever walked on the earth was Hazrat Uthmaan (may Allah be pleased with him). So even men have to be careful about the matters of haya before reaching to a state where they will lose their emaan.

A turn of the screw

There was an industrialist whose production line inexplicably breaks down, costing him millions per day. He finally tracks down an expert who takes out a screwdriver, turns one screw, and then - as the factory cranks back to life - presents a bill for £10,000.
Affronted, the factory owner demands an itemised version. The expert is happy to oblige: "For turning a screw: £1. For knowing which screw to turn: £9,999."

9 Financial Easter Eggs to Hunt for This Spring

For us, Easter egg hunts never lost their joy: Going outside on a pretty spring day to find little treats hidden in unexpected (and sometimes totally expected) places?
Perfection.
But wouldn’t it be great if, instead of jelly beans and marshmallow chicks, those eggs were stuffed with money? Well, they can be … as long as you know where to look.
That’s why we’ve decided to elevate the Easter egg hunt to a whole new level by dropping hints for you (big, giant, whopping ones) on where to find extra money and savings this spring.
The best part? You don’t even need to put on your Sunday best to fill your metaphorical Easter basket with bills instead of bunnies.


Let’s start your hunt in the house. You likely have money hidden all over your home in the form of clothing, electronics and other items you no longer want or need.


Hint # 1: Spring Clean … for Cash

So as you’re organizing your closets, dusting your bookshelves and cleaning out your drawers this spring, assess everything you touch with a fresh eye, looking for items that you haven’t used in the last year. You can amass quite a collection of sellable objects this way.
“The average person only wears 20% of their closet,” says consumer expert Andrea Woroch, who is a fan of bringing unwanted stuff to consignment shops for cash. And donate whatever the consignment store doesn’t take to the Goodwill or Salvation Army—just get a receipt, so you can deduct your donation from your taxes next year.
As for electronics, you can sell used items on eBay—or send old tablets, cell phones and laptops to places like Nextworth or Gazelle for cash.

Hint # 2: Nab Deals on Appliances

Speaking of spring cleaning, now is a great time to get deep discounts on items like vacuums and refrigerators. “Vacuums are really good to buy in April because, during the start of summer, they introduce a lot of new models, and the stores are trying to get the older models out,” says Erin Konrad of CouponPal.com. “Places like Best Buy, Kohl’s and other big-box retailers and online stores have great deals.”

via learnvest

Pleasantly Persistent: 5 Rules for Effectively Following Up

Rule 1: Be Overly Polite and Humble

That seems obvious enough, but a lot of people take it personally when they don’t hear back from someone right away. Resist the urge to get upset or mad, and never take your feelings out in an email, saying something like, “You haven’t responded yet,” or “You ignored my first email.” Just maintain an extremely polite tone throughout the entire email thread. Showing that you’re friendly and that you understand how busy your contact is is a good way to keep him or her interested (and not mad).

Rule 2: Persistent Doesn’t Mean Every Day

Sending a follow-up email every day doesn’t show you have gumption or passion, it shows you don’t respect a person’s time. The general rule of thumb is to give at least a week before following up. Any sooner, and it might come off as pushy; let too much time pass, and you risk the other person not having any clue who you are. I typically start off with an email every week, and then switch to every couple of weeks.

Rule 3: Directly Ask if You Should Stop Reaching Out

If you’ve followed up a few times and still haven’t heard back, it’s worth directly asking if you should stop following up. After all, you don’t want to waste your time, either. I’ll sometimes say, “I know how busy you are and completely understand if you just haven’t had the time to reach back out. But I don’t want to bombard you with emails if you’re not interested. Just let me know if you’d prefer I stop following up.” Most people respect honesty and don’t want to waste someone’s time, and they’ll at least let you know one way or another.

Rule 4: Stand Out in a Good Way

I once had someone trying to sell me something that I was remotely interested in but that was nowhere near the top of my priority list. Every week, he’d send me a new email quickly re-explaining what he sold—as well as a suggestion for good pizza to try around the city. Why? He had seen a blog post where I mentioned I’d eat pizza 24/7 if I could, and cleverly worked that into his follow-up. It made him stand out in a good way, and as a result, we eventually had a call.
The lesson: If done well, a little creativity in your follow up can go a long way. If you’re following up about a job, try Alexandra Franzen’s tips for giving the hiring manager something he or she can’t resist.

Rule 5: Change it Up

If you’re not connecting with someone, try changing it up. In other words, don’t send the exact same email at the same time of day on the same day of week. Getting people to respond can sometimes just come down to catching them at the right time. If you always follow up in the morning, maybe try later in the day a few times.


Remember: If someone does ask you to stop following up, stop following up. But until you hear that, it’s your responsibility to keep trying.
via themuse

6 Easy Ways to Whip Your Finances Into Shape

1. Create an ICE Folder

If you’re the money manager of your household, you owe it to the people you love to put together a folder of information that will help them figure out how to handle your finances in case anything happens to you. This is your “In Case of Emergency,” or ICE, folder.
“Include all of the info someone would need to manage your finances, such as your account numbers, login IDs and passwords, a list of bills you pay each month, investment and retirement fund info, and anything else that would need to be handled in your absence,” says Tyler Gray, a financial adviser with SageOak Financial in Tulsa, OK. This can be a literal folder or a folder on the desktop of your computer. If you go for the more high-tech option, make sure to rename the folder something innocuous (perhaps not, “All Financial Documents Here,” for security reasons), and fill your partner in on the folder’s alias.
If your partner or someone else handles your finances, ask that person to create an ICE folder for you. Morbid? Maybe a little, but this step could make life a lot easier in the event of an emergency.

2. Break Out the Highlighters

Jeff Motske, CFP, president and CEO of Trilogy Financial Services in Huntington Beach, CA, says spring is a great time to take a closer look at your budget—and one way to do it is to go old school.
“Get your credit card statements from the past six months and three different color highlighters,” suggests Motske. “Then, use one color to highlight your necessary costs (utility bills, insurance, groceries, toiletries), another to highlight items you bought because you really wanted them (your Netflix subscription or the new vacuum cleaner that’s easing your allergy symptoms), and another to highlight less thoughtful purchases (that round of drinks you bought at happy hour).”
“This exercise is usually eye-popping. Most people don’t realize how much they’re spending on stuff they really don’t need or want,” he says.
After highlighting your “problem areas,” take them high-tech by connecting your accounts to the LearnVest Money Center. Once it’s set up, tuck those highlighters in a drawer—the Money Center’s Inbox, which looks a lot like your email inbox, will import all of your spending and saving data to help you track your progress. You can even categorize what you spend into folders like “Groceries,” “Travel,” or “Pet Supplies,” then set budgets for each folder and get an automatic update on how much money you have left to spend. Come next spring, you’ll have a record of the year’s spending and can even see how your spending has “trended” over time.

3. Make it Automatic

If you haven’t made your savings contributions automatic by now, you’re behind the curve. “Harnessing the power of this free hack will make your life easier,” says Stacy Johnson, CPA, and author of Life or Debt.
“Have money taken out of every paycheck for savings before you see it. Then, automate your bill-paying: You should always review your bills, but paying at least some of them automatically not only streamlines the process, but ensures your payments are on time.” To help avoid account-draining bill surprises, stick with automating only recurring payments that are the same every month, like your rent or insurance—not your credit card.
For guidance on setting up automatic deposits, see our guide to building up savings. If you already have automatic deposits set up for your emergency fund and retirement accounts, nice work! Now consider increasing your contributions.

4. Go Paperless

You know that amazing feeling when you get rid of clothes you haven’t worn in two years? Well, according to Johnson, getting rid of that filing cabinet filled with old bills and credit card statements can feel just as freeing. “The single best piece of advice I give my clients is to go paperless,” says Johnson. “Scanning your important documents allows you to find them quickly, protects them from loss, and makes your home less cluttered.”
Of course, you shouldn’t just start tossing. Our general rule is to hang onto tax records for seven years, and it might be easiest to keep the hard copies of those. But everything else—including bank and credit card statements, as well as pay stubs—can be scanned and stored in a cloud-based filing provider, such asDropbox or Google Drive.

5. Review Your Beneficiaries

Spring can be a great time of year to take a look at the people you’ve designated to receive your money in case something happens to you, says Kimberly Foss, a CFP in Roseville, CA. “Just like wills, retirement accounts have beneficiaries, so it’s important to ensure your assets will go to the right people,” she explains.
Any account with a substantial amount of money, be it retirement, checking, savings, or investment, should have a designated beneficiary. It’s usually as simple as calling your bank and asking for a form to fill out (sometimes you can even do it online). Your beneficiary is the person who will receive your assets, so be sure to review these forms after a major life event like a marriage, death or birth of a child. And make sure you designate someone—should something happen to you, assets without a beneficiary run the risk of going into expensive, time-consuming probate court.

6. Create Your Own Financial Calendar

Let’s face it: It’s too easy to ignore financial tasks right up until the last minute. (Hello, tax prep!) That’s why now is a great time to create your “financial calendar.”
It’s simple: “Set reminders throughout the year to do things like review insurance policies, get a credit report, or rebalance investments,” explains Gray. “Mine is in a Google calendar.” Not sure what needs doing, or when? Consult our Ultimate 2014 Financial Calendar, which outlines the tasks you should complete each month, along with resources to help you finish them. Then, add your personal due dates and tasks, like “Increase retirement contributions,” or “Make final debt payment (celebrate!).”

via themuse

13 Ways the Busiest People Ever Avoid Burnout

1. Take a Vacation and Fully Unplug

Vacations with loved ones will help entrepreneurs avoid burnout. It's important to put on an out-of-office message, too, and not respond to emails. Another benefit of taking a vacation is you set a good example for hard-working employees.

2. Forget Balance, Find Harmony

I think people who say it’s all about work-life balance are wrong. I value finding passion and harmony in my work by being connected to and caring about my team and my customers and making a big difference in their lives. I would burn out way faster working five hours a day at a job that was hurting my soul than I would working 15 hours a day at a job that's feeding my soul.
—Dan Price, Gravity Payments

3. Know Your Breaking Point

I think most entrepreneurs will tell you it's impossible to unplug—so burnout is almost inevitable. However, it's important to know when you're close to or at a burnout stage. Something as simple as taking a day off, going for a bike ride, or having a fun night out with friends can help to take the edge off.

4. Fill Your Day With Joy

Our business works to fill our people's day with what they love. When work feels like a job, we redirect those tasks to someone who loves them. Not a great organizer? We have a team member who is. Hate numbers? We've got someone who loves them. We are fueled with so much joy that we have a term around the company called the 'joy hangover.' When work is such a blast, burnout doesn't exist.

5. Schedule Free Time

Schedule free time on your calendar, just like you would schedule a meeting, and stick to it. It's crucial to take the time you need for yourself, even if it's just 30 minutes a day. You'll get back to work feeling recharged and inspired, and chances are, you'll accomplish a lot more than you would if you worked straight through the day.
—Evrim Oralkan, Travertine Mart

6. Travel and Change Your Environment

Traveling is the best way to avoid burnout. Take your laptop and spend one to two months working from somewhere else, preferably internationally. With the internet and cloud tools like Dropbox and Skype, there's very little that can't be done from abroad. The change in environment sparks your creativity and allows you to bring new energy into your work.

7. Pursue Your Passion

Starting a business is a time-consuming endeavor that doesn't end once things start to take off. On the contrary, the more successful you are, the more time you will be asked to contribute toward your enterprise. That’s why it’s important you focus your time and energy on doing something you enjoy and are passionate about.

8. Take a Nap

Naps are not just for children. Instead of having a second cup of coffee, sleep for 20 minutes. It's the best way to refresh the brain.

9. Work Out

When I feel so mentally burnt out from juggling multiple projects, there's only one thing that can recharge my brain and my enthusiasm—working out. It's a way to unplug and just focus on the task in front of me, whether I go for a long run or a four-hour bike ride around my city. When I'm done, I have a high so powerful that all of the stress from my day-to-day activities is gone.

10. Live With Mindfulness

Personally, I find the best way to avoid burnout is to have an ongoing focus on mindfulness rather than only when on breaks and vacations. Find ways to detach during the week in a way that works for you. Yoga and exercise work for some, while meditation works for others. Be mindful of those moments. Try to take consistent mini-breaks throughout the week to detach and re-center.

11. Find a Hobby

The best way to avoid burnout is to find a hobby you can deeply immerse yourself in for a few hours a week. I play ultimate frisbee, and when I'm on the field, I'm definitely not thinking about my company. Hobbies (such as basketball, ceramics, and climbing) can provide a therapeutic release, and you can come to work recharged and ready to go every day!

12. Build a Great Team

I used to think vacations would recharge me, but I would just come back to piles of work. In the last year, we've built our team to eight people. The quantity doesn't matter—the key is that it's a strong team. I know that whether I'm working or not, great things are being done. Feeling the support from all sides has been critical to my personal happiness.

13. Meditate Daily

Even if it's just for 10 minutes, spending the time (especially in the early afternoon) to just breathe has been extraordinarily powerful for me. It keeps me fresh and sharp, and taking self-care seriously sets a great example for the rest of the team.