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IoT — or the Internet of Things — is definitely here to stay. It may seem slow in the moment, but IoT has rapidly taken over our homes, schools, healthcare and workplaces. And over the next few years, there definitely will be more improvements.

Many people like myself ask, should I invest in IoT products? It seems like they're always coming out with new ideas and innovations everyday that any product I do buy will be outdated in a couple months.

Even if this is true, IoT is continuously building on itself — take the smartphone for example. Even though most of the world has smartphones now, people were hesitant to buy it at first. Now, it's the basis for connected devices — you can control your house lights, garage, pet feeders and more with your smartphone.

If you're still hesitant, here are other reasons why you should invest in IoT devices.

If you're a student

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Students are the future of IoT products — Generation Z kids were the first to actually grow up always having modern technology. Whether you're a college student, stuck in high school or teaching as an educator, IoT devices can help you.

Take your dorm for instance — items like smart plugs and home cameras allow you to control what happens in your room from anywhere. In everyday life, connecting tablets and laptops to your school's network can help keep you updated too.

If you love to travel

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Traveling gadgets have been prevalent since basically forever — however, we're now moving away from neck pillows and ear plugs. Get your hands on smart devices like the portable scanners — for the workaholic — smart suitcases and dual SIM smartphones for the ultimate relaxing vacation.

Take a beach vacation for example — relax by the water with a waterproof reader or play ball in the water with a connected speaker.

If you're into fashion

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Although this portion of IoT hasn't been thoroughly researched yet, there have been some pretty big improvements. Take the Anrealage Monte Z shoes — with a smartphone and AR, you can put designs onto your sneakers.

Some brands even let you virtually try on their clothing while others are working on wearable tech and multi-functioning connected accessories.

If you have pets

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Yes, IoT devices can even help your pets — in this case, mostly cats and dogs. With products such as smart dog collars and trackers, you won't ever lose your dog again. Smart feeders and pet players can also take care of your pet when you're away — with a tap of your smartphone.

If you own a home

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Obviously, smart homes are all the craze now — why get up and do something when you can be efficient and have it automated?

Your kitchen for example — smart refrigerators can help you keep track of your food or automatically reorder groceries while smart forks, cookers and coffee makers make your life easier with scheduling and automatic services.

If you have a car

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Cars are the next big step in IoT development — even though we have a few self-driving and connected cars on the road, we still haven't even fully switched over to electric yet. Funding and supporting research in this emerging market will help us convert faster.

As you're reading this article, researchers and professionals are making and testing automated and connected vehicles in a fake Michigan city called Mcity. Even though there are limited options on the market right now — especially affordable ones — more are soon to come.

After all these uses, I'd say investing in IoT products is a pretty good decision. Even though you don't particularly care about the movement, getting left behind could be pretty inconvenience in both your professional and personal life.

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Developing further skills can boost your career at any stage.

Whether you are looking for a new job or trying to grow in your current one, getting a certification can be a great way to improve your skills.

Anyone can put that they are proficient in a computer program on their resume but having a certificate can help you stand out amongst the competition and give credence to the strength of your skills.

But what's the best way to invest in yourself without breaking the bank? Some certification programs can cost hundreds if not thousands of dollars. We are going to walk through six of the best certifications you can get for $100 or less.

Tableau

Tableau's data visualization capabilities are comparable to Domo and Power BI.

Who is it best for: Those who work with analyzing and presenting data.

Cost: $100 for Tableau Desktop Specialist; additional certifications are available for a larger fee.

More companies than ever see themselves as data companies. Being able to understand data and use it to guide decisions at your company is often critical to taking on a leadership role. Not to mention, being able to present the data in a clean, attractive, and compelling way can help get buy-in from others in your organization or clients. That's why Tableau is a great tool to have in your toolbox.

Tableau allows you to create interactive visual analytics dashboards. In layman's terms, you can take data; create graphs, maps, or charts; and then allow end-users to interact with these graphics to better understand the information. It's a fantastic tool allowing non-technical users to gain insights for data-driven decision-making.

Tableau Desktop Specialist certification starts at $100 and has no expiration date. There are many videos on Tableau's site to prepare for your exam as well as Tableau Starter Kits allowing you to play around and learn the different capabilities of the program. Tableau offers a 14-day free trial as well as free license for one year for students.

Additional certifications after Desktop Specialist are Desktop Associate and Desktop Professional. Those working with a Tableau server may also be interested in a separate certification as a Server Associate or Server Professional.

The Federal Reserve sets the guardrails for the federal funds rate, and through that helps control the money supply for the nation.

When you take out a loan for a car, charge something to your credit card, or get a personal line of credit, there is going to be an interest rate that applies to your loan.

A lot of different factors go into what you will be charged, including your own personal credit score. But even those with flawless credit still see a minimum charge that they can't get around. That all goes back to the Federal Funds Rate.

One thing consumers rarely realize is that all of our banks are lending money to each other every night. Banks are legally required to maintain a certain percentage of their deposits in non-interest-bearing accounts at the Federal Reserve to ensure they have enough money to cover any withdrawals that may unexpectedly come up. However, deposits can fluctuate and it's very common for some banks to exceed the requirement on certain days while some fall short. In cases like this, banks actually lend each other money to ensure they meet the minimum balance. It's a bit hard to imagine these multibillion-dollar financial institutions needing to borrow money to tide them over for a bit, but it happens every single night at the Federal Reserve. It's also a nice deal for those with balances above the reserve balance requirement to earn a bit of money with cash that would normally just be sitting there.

The Federal Reserve The Federal Reserve


The exact interest rate the banks will charge each other is a matter of negotiation between them, but the Federal Open Market Committee (FOMC) (the arm of the Federal Reserve that sets monetary policy) meets eight times a year to set a target rate. They evaluate a multitude of economic indicators including unemployment, inflation, and consumer confidence to decide the best rate to keep the country in business. The weighted average of all interest rates across these interbank loans is the effective federal funds rate.

This rate has a huge impact on the economy overall as well as your personal finances. The federal funds rate is essentially the cheapest money available to a bank and that feeds into all of the other loans they make. Banks will add a slight upcharge to the rate set by the Fed to determine what is the lowest interest that they will announce for their most creditworthy customers, also known as the prime rate. If you have a variable interest rate loan (very common with credit cards and some student loans), it's likely that the interest rate you pay is a set percentage on top of that prime rate that your lender is paying. That's why in times of low interest rates (it was set at 0% during the Great Recession), a lot of borrowers should go for fixed interest rate loans that won't increase. However, if the federal funds rate was relatively high (it went up to 20% in the early 1980's), a variable interest rate loan may be a better decision as you would be charged less interest should the rate drop without the need to refinance.

The federal funds rate also has a major impact on your investment portfolio. The stock market reacts very strongly to any changes in interest rates from the Federal Reserve, as a lower rate makes it cheaper for companies to borrow and reinvest while a higher rate may restrict capital and slow short-term growth. If you have a significant portion of your investments in equities, a small change in the federal funds rate can have a large impact on your net worth.

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Whether you're leaving a job involuntarily, departing for something new, or just want to prepare for the unknown, it is smart to understand all your options regarding your 401k.

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