Common Ways People Try To Save Money That Isn’t Good For You (And What You Should Do Instead)

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Ask anybody in the modern-day if they’ve got problems with their finances, and the likely answer is that they most definitely do. We’ve all got our crosses to bear, whether it’s with regards to debt or we are trying to buy a house. When we look at the factors that result in so much debt, we have to take into account the stress is associated. Some people feel that they’ve got to cut so many corners in order to live a comfortable lifestyle, even though on the surface they are earning more than enough, but there are so many people that have no choice but to cut corners in order to sustain their current lifestyle which can have a major bearing on their health and happiness. What are some of these components that seemingly well off people need to undertake in order to keep their finances afloat? And if you are struggling, what can you do to ensure that you make life easier for yourself in a financial sense but also not feel the burden of modern-day money stresses?

Cutting Back On Insurance 

Many people feel that insurance is one of those things that you’re paying out for, but you never end up using it. When you are considering just how much of a difference it could make to your lifestyle, cutting back on a monthly payment for your insurance policy, whether it’s car insurance, life insurance, or even insurance for your worldly possessions it’s hardly a surprise that when people are struggling that this is one of the first things to go. But we’ve got to think about the overall repercussions of not having insurance. For example, driving without insurance is such a cardinal sin that you could pay the price, literally and figuratively, in a legal sense. Cutting back on insurance when you are trying to save money in terms of your home or are attempting to fix up your home as an investment could mean that you will suffer a burglary or an accident if it is not covered by insurance. The fact of the matter is that insurance is so important that it’s got to be one of the key expenditures in your life. It’s there should the worst-case scenario happen.

Going Without Food 

There are so many tales of families that are going without specific provisions so their children can go to school with full bellies. As sad as this is, it’s more widespread than you think. Many families feel that they’ve got to go without a meal and when we look at places like the UK who are suffering unprecedented amounts of austerity, the increase in food banks, where people go and get provisions that have been donated by other people, is on the up. But going without food means that we are putting our health at risk. If you feel that in order to make ends meet that you’ve got to go without food, partly this can be to do with the type of food you are used to but you can also figure out ways to make food go further. Something like batch cooking is a very good way to expand your provisions. Nobody should go without food. But the reality that many families are considering this is a stark truth that is hitting home to many people.

Not Earning Enough Money

Everybody feels that they are getting enough money in order to sustain a certain lifestyle. We all feel we could do with a pay rise, and the fact of the matter is that people are looking at side hustles or an extra job to acquire additional income means that we’ve got to be smarter with the money we have. When we’re trying to save for a house, one of the most challenging components is minimizing your debt. When we don’t earn enough money, we lean on credit cards too much in order to pay bills or just to get by from month to month. When we don’t earn enough to sustain our lifestyle, this is when we have to make alterations to our daily lives. There are so many resources out there that can help with this, such as the budget calculators you see online. Taking a long hard look at your incomings versus outgoings can be a complicated conversation to have, especially when you have dependents. But as we begin to unravel our lifestyle and see what we’re doing is harming us in the short-term, then we can start to make changes for the better.

The Temptation To “Keep Up With The Joneses”

We live in an age where we can get material goods on tap. We can order something online and within 12 hours, it’s in our hands. And when we live in such an immediate culture, the temptation to order things so quickly means that we end up paying the price. We’ve also got to think about the social implications of having things. While there is a leaning towards minimalism in some areas, when you live in in a neighborhood that looks affable, where everybody is driving a nice car, and appear to go on family trips all the time, this can send a message to us that we’ve got to keep up with them in one way or another. But this pressure results in unprecedented stress. When we are in a stressful environment where we feel that to maintain some sort of pretense we’ve got no choice but to spend money, we lose track of our abilities to control our incomings and outgoings. The first port of call can be to inquire about a pay rise or to earn more money, but when we increase our earnings to match our lifestyle, our expenditure begins to expand further out. This is a sign that we are never content with where we are. It’s a psychological problem rather than a physical one. By looking at your mindset and beginning to understand where your problems lie, you can start to make peace with the fact that money isn’t everything. Yes, it’s a cliche, but we’ve got to remember that when we only earn so much, we’ve got to stay within our means. Because we can feel that pressure with friends that have earned more over the years, trying to catch up stops us from focusing on the things that matter.

Dealing With Financial Stress

Because we live in an age of rising costs, we start to feel that we have no option but to fight against the rising tide. We only earn so much so we “put up with it,” and we think that because there’s only have one life to live that we should make the most of it. Some people say that it’s “only money” and this is a dangerous mindset, but we can all understand where they come from. It’s about not letting financial stress envelop your entire life; it’s about being happier despite the circumstances. We all suffer from some sort of financial burden. Whether we’re trying to save up for something, or we can feel that we don’t earn enough day-to-day. But when we start to address our earning potential in comparison to our learning power, we can begin to make better habits, not just in terms of spending money but in terms of how we live our lives. Some people can’t bear the idea of looking for bargains because it feels like a step down, but we’ve got to remember the important thing that learning a habit takes some time. It can take at least 8 weeks to set in. When you’re used to a particular way of life and having to cut back on your outgoings and it feels like you are depriving yourself, it’s important to remember that whether it’s trying to save money or keep up with the Joneses that a lot of people are feeling the pinch. They just feel it differently to you. They may have a fantastic house, but they may still buy their furniture off Facebook Marketplace. And this is something we’ve got to think about. Material goods aren’t the be-all and end-all, and for those people that are trying to acquire material goods in order to feel better or live a better life are feeling the pinch in a similar way.

The stress of living in the modern-day means that we feel we’ve got to treat ourselves. But it becomes a very vicious cycle when you begin to treat yourself to something because it’s a Friday and then you feel so stressed by Monday morning that a little treat would benefit you again. Not that we’re saying you need to deprive yourself but you’ve got to understand the repercussions of your actions. It’s something that we all suffer from now. Learning to save money can seem impossible when there are mounting bills. The cost of living is increasing, but the pay is not matching it. So tightening our belts becomes the default option. But this means that we get stressed and we lash out at the people we love. Perhaps in order to live a happier life, we’ve got to understand that when we reduce our material goods we don’t necessarily feel worse off. Whether you have got children that have peer pressure in order to have the latest toy or you live in a neighborhood where you appear to be the poorest person, the fact of the matter is that you’ve got your own life to lead rather than comparing yourself to others. And perhaps this is the key to feeling freedom in an emotional and financial sense.

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Outsourcing for Outstanding Results

Outsource, Freelance, Contractor

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As a business owner, you should already know that the results are far more important than the methods used to achieve them. After all, there’s little point in doing things in the ‘right’ way if they will lead the venture to the scrap heap. There are any alternative approaches that can be embraced in various aspects of business. Still, outsourcing is a concept that should be top of the agenda. 

Before using this process, though, it’s vital that you choose the best aspects of the venture to outsource. Here are four areas where outside support can transform your company for the better. 

1| Marketing 

Nothing you do in business will matter if you don’t have customers. Reaching the right audience in an engaging manner isn’t easy, which is why outsourcing is often advised. 

A marketing team can identify your target market while also spotting the selling points of your brand. They also utilize a range of modern tools from social media to influencers, voice SEO to Google My Business. Visit https://www.psm-marketing.com/marketing-services/outsourced-marketing/ for more. You won’t regret it. 

Besides, if you dedicate all of your time to marketing the business, you won’t have any time to focus on the products and services. 

2| Eco-Friendly Tech Installations 

The need to become an eco-friendly business is on the tip of every entrepreneur’s tongue. You shouldn’t be any different. 

This guide to incorporating greener technologies will point you in the right direction. However, it’s often better to gain support from dedicated experts that can run a full audit of your company. Whether they show you how to reduce energy waste, alter your approach to business tasks, or something else doesn’t matter. 

Once your business becomes eco-friendly, you will start to see the benefits almost immediately. It should provide a serious reputation boost too. 

3| Managed IT Services 

Our reliance on computers is greater than ever, especially in business. Therefore, it’s vital that you boast the right facilities and undiluted reliability at all times. 

This is a job for the pros, especially when you consider the time savings as well as the ever-changing face of IT technology. Visit https://www.hudsonvalley-it.com/services/managed-it-services/ to learn more about the best options. When this aspect of the operation is under control, the whole team will see huge benefits, as well the clients. 

The rewarding features can extend to security and data protection, as well as the speed of performance and accuracy of all facilities. Perfect. 

4| Recruitment 

Every business owner can appreciate the value of a high-quality team of employees. They are the people that turn your innovations into profit. 

Moreover, their actions can actively alter the mood of clients to influence their consumer decisions. However, finding the right candidates requires a thorough analysis of multiple aspects. This includes their personality traits and ability to improve, as well as the natural skills that they possess. The right candidates will work wonders for the efficiency of your venture. Therefore, if outsourcing the recruitment process can aid your cause, you should use it. 

The experts can connect your business to the best candidates, ensuring that your team is as strong as possible. If that doesn’t lead you to greater success, what will?

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How To Make Society Healthier

A society that has the essentials of life in shape is one that can reach its full potential. So what are the essentials in life? They include having clean water, plentiful food, shelter, and, of course, health. Alas, while we’ve more or less eradicated the issues of food, water, and shelter, the health aspect of society remains an issue. It always will, because there are always new health concerns popping up with each generation, usually as a reaction to the lifestyles of the time. For example, in recent years, there has been a huge rise in childhood obesity, which is a result of, among other things, the rise in usage of personal devices and video games.

So how can we overcome these problems? It’s all about education. When it comes to our health, public health officials play an incredibly vital role in helping to educate the public so that serious conditions can be prevented from occurring in the first place. While there is an endless number of health matters in society, health professionals tend to focus on the main dangers, the ones that cause death or severely impair quality of life. Examples of these conditions would be diabetes, heart disease, and strokes, as well as lifestyle conditions such as drug and alcohol abuse. 

It’s the public health officials that help to get the vital information about positive health actions into the public sphere. They also implement policies at a government level, and plan the future of healthcare, among other duties. You can learn more by checking out the infographic below. 


Infographic design by University of Nevada-Reno University of Nevada-Reno

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What Would You Change About Health Care

When it comes to health care, there always always going to be different changes that you may wish you could be able to make. While you may not be able to have any direct impact on the health care system yourself, it’s always a good idea for you to understand where the changes you would make are. Then, you may be able to make a difference combined with other people and over time.

The Availability Of Treatments

To start with, you may find that the availability of treatments is very important to you. Do you have access to what you need? Are reliable and revolutionary treatments available near to you? Are there other options you wish were available? It all matters.

The Access & Cost

Maybe you are concerned about the access to health care in your local area? It may not even be for you, but for others. And when this is the case, it could be that you’re also concerned about the cost and wish you could make changes about that. So keep that in mind.

The Delivery & Service

It could even be down to the service that you get and how health care is delivered. When that’s the case, you may want to understand more about technology is advancing and how it can help. If you’d like to know more about AI and how nurses can integrate this technology, just take a look at the infographic below.


Infographic Design By Regis College

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Why Smart Grid Technology Is the Future

We‌ ‌have‌ ‌to‌ ‌talk‌ ‌about‌ ‌energy‌ ‌a‌ ‌lot‌ ‌these‌ ‌days.‌ ‌If‌ ‌we’re‌ ‌going‌ ‌to‌ ‌have‌ ‌a‌ ‌world‌ ‌that‌ ‌can‌ ‌give‌ ‌everyone‌ ‌a‌ ‌high‌ ‌quality‌ ‌of‌ ‌life‌ ‌without‌ ‌harming‌ ‌the‌ ‌natural‌ ‌world,‌ ‌then‌ ‌it’s‌ ‌important‌ ‌that‌ ‌we‌ ‌transition‌ ‌towards‌ ‌using‌ ‌our‌ ‌energy‌ ‌in‌ ‌the‌ ‌most‌ ‌efficient‌ ‌way‌ ‌possible.‌ ‌Though‌ ‌we‌ ‌don’t‌ ‌always‌ ‌think‌ ‌about‌ ‌where‌ ‌or‌ ‌how‌ ‌the‌ ‌energy‌ ‌we‌ ‌consume‌ ‌in‌ ‌our‌ ‌home‌ ‌was‌ ‌produced, if we did look into it, we’d see that the infrastructure that is serving the energy is outdated and inefficient. 

There have been moves to make energy-production and usage more efficient, which has given rise to smart grid technologies. This can help correct the issues faced by traditional energy production sources. Aside from helping consumers to get a better handle on their energy consumption, smart grids can also help to drastically reduce the number of greenhouse gases that are produced through energy production. 

The exciting thing about this technology is that it’s still in its infancy. The early signs are promising, and it’s likely that the benefits will be even wider ranging in the coming years, when the technology is perfected and more readily available. Every year, the value of the smart grid industry grows by some 8%. With plenty of benefits, there’s no surprise that this is an industry that is soon to be valued at around $400 billion. To learn more about smart technology and all the benefits it can bring, take a look at the infographic below. 


Infographic design by University of California University of California RIverside

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Tesla Motors Is Going To Dominate In The 2020s. Get Ready

Just a couple of years ago, short-sellers like Jim Chanos were announcing that it was the end of Tesla. There hadn’t been a new, successful car company in the US for nearly one hundred years. And there certainly wasn’t going to be one based on the laughable concept of electric vehicles. 

Now though, it is Tesla founder Elon Musk who is rubbing his hands together with glee, with the short-sellers running from their positions with their tails between their legs. The enigmatic entrepreneur seems to have pulled off the impossible: create a profitable car company that people love. 

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The story of Tesla, however, doesn’t end with the company’s current $500-plus share price. Many analysts, including those who focus on disruptive change, think it could go to $5000 by the end of the 2020s, maybe more. 

Why is this? How can a “car company” increase in value so much over a decade? 

Elon Musk Holds All The Cards

The critical thing to understand about Tesla is that the company holds all the cards that it needs to create the most compelling automotive product that the world has ever seen. 

Consider first, the fact that Tesla makes all its own batteries. It’s not going to some third-party vendor who also sells cells to the rest of the automotive world. Instead, it makes them all itself, using proprietary technology that nobody else can access. It’s why the California-based firm can build cars that will drive more than 350 miles on a single charge while its competitors are struggling to get about 150. When it comes to batteries, it’s miles ahead of the game. 

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Now consider the company’s over-the-air updates. Teslas are the only cars in the world that get BETTER the longer you own them. All Tesla needs to do is create a new software package that adds features and drivers can immediately feel the benefits.

These updates can be practically anything. Most of the time, they’re improved driving assist features, but nothing is stopping Tesla from adding entertainment options, voice control, and other stuff that adds to drivers’ quality of life. 

Tesla is also a monopoly. It sounds strange to say given how many car companies that there are in the world, but bear with me. The company is the only firm in the world, producing luxury electric vehicles for the western market at scale. Traditional automakers aren’t there yet. More importantly, Tesla is a transportation solutions firm, not a car company in the old-fashioned sense. It’s more akin to Uber or Lyft, but with manufacturing facilities to make its own vehicles. 

If you find that hard to swallow, your perceptions will change over the coming decades. The best Tesla trip planner app won’t be the traditional rideshare companies; it’ll be for the company’s electric vehicles. And these won’t have human pilots. Tesla will create software that allows its cars to drive themselves, collect passengers, and form part of a massive fleet of vehicles, providing low-cost rides across the world. 

This feature of Tesla’s business model is the real genius of their entire operation. If they can perfect autonomous taxi technology, they don’t need customers willing to put $60,000 down on a vehicle. Instead, they just need people willing to pay $5 for a ride across town. Tesla will then be in a race to get cars on the road. If customers want to rent out their Teslas to the public and to share an income with Tesla, they can do that. If they’re not willing to use their cars while they’re idle, then Tesla will sell cars to itself and create an in-house fleet. This group of vehicles will then serve the general public, just as Uber and Lyft do today, but at a much lower cost. 

Autonomy Is The Real Game-Changer

Autonomous technology is the real game-changer for Tesla. Forget the engineering, battery tech, and electric drivetrain – the thing that is really going to make the difference to the company’s business model over the next ten years is the rise of cars that drive themselves. Tesla will be able to use this technology to produce vehicles that have intrinsic value before it even sells them to customers. Each car, the company estimates, will be able to generate a lifetime revenue of $300,000 in today’s terms. For the first time in history, a company will sell a vehicle that adds to its customers’ wealth. 

Think for a second, too, about how this will change the lending side of the equation. In typical situations, a person has to work to recoup the money that they borrow when they purchase a vehicle. Firms providing loans take on substantial risk. They need to ensure that the borrower pays back the loan faster than their car is depreciating to make sure that they don’t lose money if they have to repossess. 

The same is not true of a Tesla of the future. A lender knows that the car will continue to generate money as it goes forward. Even if the borrower can’t pay, the lender can take back ownership of the vehicle and use it to make money. 

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When you think about this fact, the economics of buying a Tesla starts to look a bit crazy. We could see a situation where people who hold capital buy as many Teslas as they can so they can benefit from the returns. Lenders could pay people to own Teslas, so long as they rent them out to the public. The possibilities are truly bizarre!

The Space Factor

The final part of the equation is Elon Musk’s other pet project: Spacex. SpaceX is going to become the biggest private company in the world over the next couple of decades, thanks to its Starlink effort. Global internet satellites will change communications across the globe. 

Tesla, however, will benefit from Spacex because vehicles will be able to get internet wherever they go on the planet, including rural locations. 

The electric car maker, therefore, is positioned to become the most valuable firm in the world — what a turnaround from a couple of years ago. 

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Improve Collaboration Among Your Staff

Collaboration between your employees is vital if you want your business to operate well. You need everyone to be capable of working together, whether they’re members of the same team or they’re in different departments that need to coordinate with each other. Although your staff members might already collaborate with each other, improving their collaboration can deliver a variety of benefits to your company. When everyone works better together, you can produce better results, reduce conflicts, and perhaps even keep your employees around for longer. Take a look at these top ways to improve collaboration among your staff to enjoy these benefits.

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Update Your Technology

Technology is key to helping your employees to collaborate. When they have the right tools, they are able to work together much more easily. In fact, with cloud computing, they don’t even need to be in the same location to work together. When you use cloud technology, your employees can collaborate whether they are in the same office or in completely different countries. You can use cloud-based systems and software that allow people to access the same information and files and work together to achieve their goals. It’s easy to get started with some cloud-based tools, but you can also switch to an entirely cloud-based system for your business.

Try Team Building Activities

Team building activities don’t always appeal to your staff, but they don’t have to be how many people imagine them. There are many ways to carry out team building activities to help bring your employees closer together. You can choose to do office-based activities, but there are also plenty of other ways to get out of the office and do something interesting. From team building at climbing centers to outdoor adventure activities, you can use fun and interesting things to get your employees to really engage.

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Improve Communication

Good communication is essential for your team to be able to collaborate with each other. Having the tools to work together is a good start, but everyone also needs to be able to communicate well so that they all know what they’re doing, who should be doing what, and how each project or task is progressing. You should consider the different ways that your employees communicate with each other and perhaps consider the tools that are available to change the way they communicate. For example, Slack can be used to create different “channels” to discuss different topics.

Build Trust and Engagement

It’s also important that people within a team are able to trust each other and that they are engaged with their work. Trust and engagement are two things to work on building if you want to improve collaboration and productivity among your employees. You can try to create a community and company culture that encourages people to trust each other and to care about their work and the results they produce. Ensuring you look after your employees can ensure they are more engaged in their work.

Better collaboration is a must if you want your company to be productive and produce great results.

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