Showing posts with label value. Show all posts
Showing posts with label value. Show all posts

Tuesday, 28 January 2020

Understanding Your Personality And The Right Career Path

Your personality greatly affects your performance in a given career. Studies show that 90% of people get into the wrong careers as they don't know their personalities. This results to most people living unfulfilled lives. Others choose to leave their careers and venture into other areas. To increase your chances of being successful and enjoy what you do you need to join the right career path from the start.
Types of personalities
While we may appear similar on the outside, we are very different. How we act and carry ourselves is greatly determined by out personalities. The different types of personalities include:
Introverts: These are the quiet people. They love working alone or in small groups. When working, they prefer working at a more deliberate pace and love focusing on one task at a time.
Extroverts: They are the exact opposites of introverts. They are often people of high energy, love engaging in a variety of tasks and work at a quick pace. They are highly effective at multitasking.
Thinkers: These highly rely on logical analysis of situations. Before they make a decision, they have to weigh the pros and cons of everything that they do. They value fairness, honesty, and consistency.
Sensors: They are said to be realistic people as they focus on facts and details. They also apply common sense and get insight from past experiences for them to come up with practical solutions to the problems at hand.
Feelers: From their name, feelers are people that highly rely on their feelings for them to make a decision. They are highly sensitive and decide things depending on their values and how their actions will affect other people.
Intuitive: These people focus on the possibilities and the big picture. They value innovation, easily see patterns and when they are solving problems, they don't rely on the already established solutions-they come up with their own creative ways of solving the problem.
Perceivers: They prefer keeping the options open and love acting spontaneously. They love being flexible when they are making their plans and decisions.
Judgers: Judgers are highly organized people that like sticking to plans. They are usually very good at following rules.
Best careers for the different personalities
According to experts, there is no one with only one personality; all of us are a combination of different personalities but there is always one personality that is more dominant than the others. Different personality combinations are ideal for different careers. Extroverts, sensors, thinkers, and judgers make good pharmacists, judges, project managers, insurance sales agents, and lawyers. Introverts, sensors, thinkers and perceivers can make good pilots, economists, emergency room physicians, data analysts, and civil engineers.
Introverts, intuitive, feelers and perceivers are sensitive people who are motivated by their personal values. These attributes make them great physical therapists, graphic designers, writers, psychologists, and trainers. Extroverts, intuitive, perceivers and thinkers make excellent entrepreneurs, real estate developers, marketing directors, politicians, and creative directors.
Conclusion
Your personality has a great impact on your success in your career but this doesn't mean that you will be a failure if you choose a career that doesn't complement your personality. If you work hard and you love what you do you will definitely be a success.
If you just cleared high school and looking for a career, we have a detailed career guide that will help you make an informed decision. To know more visit us at w3Education.org.


Article Source: http://EzineArticles.com/9567883

Tuesday, 10 December 2019

What Is an Investment?

One of the reasons many people fail, even very woefully, in the game of investing is that they play it without understanding the rules that regulate it. It is an obvious truth that you cannot win a game if you violate its rules. However, you must know the rules before you will be able to avoid violating them. Another reason people fail in investing is that they play the game without understanding what it is all about. This is why it is important to unmask the meaning of the term, 'investment'. What is an investment? An investment is an income-generating valuable. It is very important that you take note of every word in the definition because they are important in understanding the real meaning of investment.
From the definition above, there are two key features of an investment. Every possession, belonging or property (of yours) must satisfy both conditions before it can qualify to become (or be called) an investment. Otherwise, it will be something other than an investment. The first feature of an investment is that it is a valuable - something that is very useful or important. Hence, any possession, belonging or property (of yours) that has no value is not, and cannot be, an investment. By the standard of this definition, a worthless, useless or insignificant possession, belonging or property is not an investment. Every investment has value that can be quantified monetarily. In other words, every investment has a monetary worth.
The second feature of an investment is that, in addition to being a valuable, it must be income-generating. This means that it must be able to make money for the owner, or at least, help the owner in the money-making process. Every investment has wealth-creating capacity, obligation, responsibility and function. This is an inalienable feature of an investment. Any possession, belonging or property that cannot generate income for the owner, or at least help the owner in generating income, is not, and cannot be, an investment, irrespective of how valuable or precious it may be. In addition, any belonging that cannot play any of these financial roles is not an investment, irrespective of how expensive or costly it may be.
There is another feature of an investment that is very closely related to the second feature described above which you should be very mindful of. This will also help you realise if a valuable is an investment or not. An investment that does not generate money in the strict sense, or help in generating income, saves money. Such an investment saves the owner from some expenses he would have been making in its absence, though it may lack the capacity to attract some money to the pocket of the investor. By so doing, the investment generates money for the owner, though not in the strict sense. In other words, the investment still performs a wealth-creating function for the owner/investor.
As a rule, every valuable, in addition to being something that is very useful and important, must have the capacity to generate income for the owner, or save money for him, before it can qualify to be called an investment. It is very important to emphasize the second feature of an investment (i.e. an investment as being income-generating). The reason for this claim is that most people consider only the first feature in their judgments on what constitutes an investment. They understand an investment simply as a valuable, even if the valuable is income-devouring. Such a misconception usually has serious long-term financial consequences. Such people often make costly financial mistakes that cost them fortunes in life.
Perhaps, one of the causes of this misconception is that it is acceptable in the academic world. In financial studies in conventional educational institutions and academic publications, investments - otherwise called assets - refer to valuables or properties. This is why business organisations regard all their valuables and properties as their assets, even if they do not generate any income for them.
This notion of investment is unacceptable among financially literate people because it is not only incorrect, but also misleading and deceptive. This is why some organisations ignorantly consider their liabilities as their assets. This is also why some people also consider their liabilities as their assets/investments.
It is a pity that many people, especially financially ignorant people, consider valuables that consume their incomes, but do not generate any income for them, as investments. Such people record their income-consuming valuables on the list of their investments. People who do so are financial illiterates. This is why they have no future in their finances. What financially literate people describe as income-consuming valuables are considered as investments by financial illiterates. This shows a difference in perception, reasoning and mindset between financially literate people and financially illiterate and ignorant people. This is why financially literate people have future in their finances while financial illiterates do not.
From the definition above, the first thing you should consider in investing is, "How valuable is what you want to acquire with your money as an investment?" The higher the value, all things being equal, the better the investment (though the higher the cost of the acquisition will likely be). The second factor is, "How much can it generate for you?" If it is a valuable but non income-generating, then it is not (and cannot be) an investment, needless to say that it cannot be income-generating if it is not a valuable. Hence, if you cannot answer both questions in the affirmative, then what you are doing cannot be investing and what you are acquiring cannot be an investment. At best, you may be acquiring a liability.
Eugene C. Onyibo is a motivational speaker, trainer, business coach, personal financial management expert, entrepreneur, philosopher and prolific writer. He is the publisher of Inspiration Express ( [http://inspirationexpress.com.ng] ), an online inspirational magazine. He is also the author of The Secrets of Successful Investors: Guides To Investing ( https://www.amazon.com/dp/B01AW5M7J4 ), a best-selling inspirational publication that has helped numerous workers (employers/entrepreneurs and employees) across the globe. Eugene C. Onyibo (a wildly traveled, and also a much sought after, speaker at seminars, workshops, conferences, etc) is also a consultant of private and public organisations.



Article Source: http://EzineArticles.com/9424864

Day Trading Strategies for Beginners: Class 1 of 12

Wednesday, 4 December 2019

How to Start Investing Today With the Money You Spend Right Now

Many people enter a job market right after school and jump right into life feet first. Money comes in from a job, then goes right out to liabilities, food, entertainment... all necessities and pleasures in life. This is often called being stuck in a "rat race". Every month is the same thing... money comes in, money goes out. Once you're stuck in it, it's very difficult to get out. But not impossible.
Now, money you make in your job is dependent on your ability to perform a task or function and amount of time put into that task or function. Essentially, it is trading time for money utilizing a learned skill. But this can't possibly go on forever, can it? What happens when you get too old to perform these same tasks required for a job?
Unfortunately, for some people it goes on for a very long time. And when people who don't invest in things that will bring in income whether they work or not can't work any more, they don't have anything to help them live as comfortably as they are today.
Until most people get into a career job that offers good benefits (including a 401k), money is rarely put toward investments. Money is made and spent as fast as it's made, giving a person necessities and comforts of life at the time - and then some, but not allowing much for a prosperous future once job income stops.
Everyone at some point in their life must face the reality that a job is not going to give them everything they want or need in life - especially a life after retirement age. Investing is something best figured out early in life.
To understand how important investing is, you must first understand what investing is. An investment is a method of making money from a one-time effort. Sometimes this effort can be intense and take some time, but it can provide income for many years to come without having to put forth that same effort or time.
If you do a bunch of research to buy a house to use as an investment, you only have to do that research one time. Once you buy an investment, it will make money for you with very little effort. If you write a book and put it on a website to sell, you only had to write a book one time and it will make money for as long as it is active on the website or in a book store. If you research a company stock and find a perfect one, investing some money in it, money then starts doing work and making money without you having to do anything.
These are just simple investment examples that do take some effort. The point is that making money from investments is a lot easier than making money at a job if you know what you're doing. A huge difference between an investment and a job is how much time and effort someone has to put into making money. Cool thing about investing in the stock market (whether it be traditional buy/hold/sell trading, 401k investing, or options) is that you only have to learn how to do it once, keep repeating what you learned, and let each dollar you invest do all of the rest of the work for you so you can enjoy life as it was intended.
Of course there is one HUGE problem that everybody faces before they can invest. Where do you get money to use to make money? When living life in a "rat race", you eventually get caught up in an impossible circle that is very hard to get out of.
Don't worry!
You have money... you just don't know it yet!
There are ways to make a few changes in your life to start building up "capital" for investing - no matter what type of investing you are looking to start. It will be slow at first, but it will definitely morph into something you won't believe possible.
One way to build up investment capital fairly quickly is opening a "Round Up" Savings Account. This type of capital growing account actually helps you save and build money based on your every day purchases. You attach your checking accounts or credit cards that you spend money on to your Round Up account and for each purchase you make, this account rounds up to the nearest dollar and deposits that rounded up cash into an investment platform that helps your savings grow faster. Not much work, is it? This special investment account does the rest.
For example, if you spent $20.57 on something, it rounds that up to $21.00. The round up, or $0.43, is placed in your account which is divided among several stocks based on account settings.
If you make 50 purchases from your checking account in a month averaging $0.35 a round up, you will save $17.50 in that month. That's $210.00 in a year saved just by rounding up these purchases.
Money invested in this round up account goes up and down with stock market movement. At 5% gain in a year, it will go up by $10.50 more. And some stocks that your money is invested in earn dividends that are automatically reinvested into your account.
This doesn't sound like much, but over time, it will continue to grow. This is an investment in itself and can grow pretty fast if you are consistently adding to it. If you have extra money you'd like to save during a month, you can also make deposits to apply them to your account to grow your account even faster.
A Round Up Savings Account is simply a stepping stone to get you to a higher level of investing, which can be a stock trading, option trading, a retirement investment account, real estate, or anything else you can invest that money in to make more money.
Once you build up some good investment capital in your Round Up account, you can withdraw it whenever you want and use it to purchase assets (things that earn you money - unlike liabilities) or to invest in stocks to make even more money over time.
Jason Moser is an author and stock market investor, specializing in extreme trading techniques. Learn more about Round Up Investing to help build investment capital on his Stock Market Hacks website or Charting Signals Facebook Page.


Article Source: http://EzineArticles.com/10171489https://ezinearticles.com/?How-to-Start-Investing-Today-With-the-Money-You-Spend-Right-Now&id=10171489

"It Will Make You Rich" | What Poor People Don't Know About Making Money

You wanna make a lot of money and you wanna be successful, watch this video  from Robert Herjavec. Enjoy, With Passion,  Josh