Do you consider yourself to be an introvert? According to Introvert, Dear, "The definition of an introvert is someone who prefers calm, minimally stimulating environments." Seems perfectly acceptable, but oftentimes, introverts feel and are treated differently than the rest of the population. Not everyone is designed to be super-bubbly, overly social, or particularly outgoing, so why the stigma?
As per Introvert, Dear, "Studies point to 30 to 50 percent of the U.S. population being introverts. That's one out of every two or three people you know." 30 to 50 percent of the population makes up a large amount of the workforce, so let's give introverts the accolades they deserve.
"Introverts (or those of us with introverted tendencies) tend to recharge by spending time alone. They lose energy from being around people for long periods of time, particularly large crowds," notes Fast Company. That's why choosing the right job can put your introverted personality to good use. Succeed in a role you are comfortable in as you put your personality traits to the task. Here are four careers well-suited for introverts.
It takes dedication and drive as well as attention and ability to be a computer programmer. And the more high-tech our society becomes, the more need there will be for people like you to fill new positions. As per The Balance, "Programmers spend much of their day staring at screens as they create code that makes computers and computer applications function." Being comfortable and satisfied with many hours of solitary work will help you excel at computer programming.
For creative types, writing is an amazing outlet for expression and entertainment. If you have a knack for putting pen to paper (or fingertips to keys), writing is a career choice that will be fulfilling and meaningful. According to Slice, "Sometimes creativity requires solitude, so whether it's a breaking news story or a new chapter, the opportunity to be alone with one's thoughts is imperative." Do note, as per The Balance, "Some jobs require (you) to interview sources. You will be relieved to know that these conversations can often take place via email or through other means that limit contact if you desire."
Social Media Manager
Although "social" is part of the job title, being a social media manager generally requires little face-to-face contact or communication with co-workers or clients. According to Snagajob, "Social media managers are the voice of companies on social and digital media sites like Twitter, Facebook, YouTube, Four Square, Instagram, etc." It's a modern and multi-faceted job many millennials are after. As Slice notes, "As long as you're cool holding conversations and interacting with customers and followers on a strictly online basis, you'll do just fine."
If you are bi- or multi-lingual, a career as a translator is personally rewarding and helpful to others. As described by Sokanu, "Translators typically work from home. They receive and submit their work electronically. The goal of a translator is to have people read the translation as if it were the original. To do that, the translator must be able to write sentences that flow as well as the original, while keeping ideas and facts from the original source accurate." Slice explains, "You can work on your own to transcribe written documents from one language to another."As Personality Club points out, "An uninterrupted workflow or at least minimal distractions are where (introverts) thrive in the workforce. These four jobs are diverse and perfect for people like you. For more career ideas that pay well too, see Trade Schools, Colleges and Universities' list of jobs for introverts in four areas: the social introvert, the thinking introvert, the anxious introvert, and the inhibited introvert.
Don't forget, we are all unique, so you may fall into more than one category.
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.