Some people are naturally "up-an-at-'em" types, while others need a little push to reveal the version of their best self. One thing's for sure, if you don't start the day on the right foot, the rest of it may never fall into step.
A high level of morning motivation is one of the keys to being an overall successful person, no matter the field they're in. Are you seeking a little more rev in your motor once that alarm clock sounds? If so, you're already motivated! But a few extra mindful steps each morning can take your desire to succeed to new heights. Follow these easy-to-do yet impactful actions to make the most of your morning and the 24 hours to follow.
Be an Early Bird
The saying that the early bird catches the worm makes sense. The last bird to rise from the nest won't find anything left to eat. Same goes for people. While most aren't seeking to delight in a juicy earthworm, sleeping in is not the way to grab life by the horns. Rising early ensures getting the most out of the day and doing so before others have a chance to steal your thunder (or your worm for that matter).
As per Forbes, Richard Branson has been quoted as saying that, "he gets up at 5 am every day, no matter where he is because it gives him a head start on the rest of the world."
Aside from getting that running start, the wee hours provide for "me" time that gets quickly swamped as the hours pass. As Inc. puts it, "Successful people know that time is a precious commodity. And while theirs is easily eaten up by phone calls, meetings, and sudden crises once they've gotten to the office, the morning hours are under their control."
Just be sure to hit the sack at a reasonable time so you wake refreshed and rearing to start the next day off on a positive note.
Grab the Latest Headlines
Motivation to learn about the world around us is just as important as zeroing in on our field of work. Skim the paper or flip on the morning news at the top of the day to find out what's going on so you can be on top of the latest trends and breaking stories. By doing this early, you won't be tempted to surf the web mid-day to read up on news bites and you'll have the knowledge to keep up with relevant conversations with co-workers and clients.
According to Inc., the most successful people read the latest headlines before breakfast. Makes sense, as these highly motivated people need to be well-rounded and well-versed in a range of topics. With the information you gather, you can apply what may be useful to your line of work. With this kind of motivation, it may just be you making headlines soon!
Give Yourself a Moment to Breathe
Motivation without a little meditation can lead to a rushed and possibly stressful day. As eager as you may be to get your day in gear, take a while to breathe deeply, clear your mind, and prepare yourself both mentally and physically for the day ahead. Wake up a bit earlier so you have time to reflect and strategize for the most successful day possible.
You can sit peacefully, watch a meditation video, put on soothing music, or sit outside as the sun rises. It doesn't really matter how you find your "Zen," just give yourself the room to do so. With a clear and conscious mind, you can better tackle the day with energy and intelligence. You will be able to motivate those around you as well thanks to your clarity and mental sharpness.
You may want to take this time to practice your spirituality, religion, or gratitude as well. Motivation comes from within, so find it deep in your soul and allow it to pave your path to achievement.
Eat Something Energizing
Motivation may come from the mind, but without the proper fuel, it may never make it very far. Start your day off with something nourishing and balanced, whether you sit down to the table or take some food on the go.
Try to get some protein to keep you feeling full from eggs, peanut butter, yogurt, or even a smoothie or shake. No matter what you eat, make sure you go for something healthy. Greasy breakfast sandwiches or a powdered donut from the conference room may sound tasty, but they will drag you down, no matter what kind of motivation you thought you may have had.
As per Time, Amazon founder, Jeff Bezos has said that he avoids morning meetings so he can have a leisurely breakfast with his wife and four children. Spending quality time with loved ones is a motivator in itself.
Pump up your body and mind with exercise first thing. You'll get your blood flowing, heart beating, and you won't have to stress over whether or not you'll be able to squeeze in that workout sometime later in the day.
As per Time, Bill Gates exercises first thing in the morning while watching instructional videos from the Teaching Company. Body and mind are taken care of in one shot! And at the top of what's sure to be a motivation-filled day to come.
And time management expert, Laura Vanderkam was quoted by Inc. as asserting, "A pre-breakfast workout helps reduce stress later in the day, counteracts the effects of high-fat diet, and improves sleep." All important factors in keeping the motivation momentum moving.
Are you motivated to try these tips tomorrow? See how they make a difference in the outcome of your entire day!
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 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.
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.
Frugal gifting often gets a bad reputation. However, this shopping method does not make you cheap — it makes you practical. Frugal gifts often avoid waste and overspending and can be just as meaningful (if not more so) as any other present.
With the National Retail Federation predicting each consumer this holiday season to spend upwards of $1,000 on holiday gifts amidst an economic recession —this year might be the perfect time to reconsider your spending budget. We've formulated the ultimate list of frugal gift-giving ideas to get you started.