Many of today's great leaders with remarkable success stories have not only achieved greatness for themselves but care to inspire others to pursue their dreams as well. Their words are powerful and passionate, educational and uplifting. Their hard work and perseverance paves the way for up-and-comers striving to do things equally remarkable.
You may be on the road to reaching your goals or perhaps you have not yet begun the journey. Need some inspiration and encouragement to get through those long days and sleepless nights? These quotes from high achievers and forever-believers will give you the push you need to hustle over hurdles and see setbacks as new starting points. Use their words of wisdom to one day pay it forward to the next generation of change-makers.
Leadership Expert Simon Sinek
Simon Sinek is a
TED speaker. "I try to find, celebrate and teach leaders how to build platforms that will inspire others," he says. One of his inspiring quotes below is an example of how like-minded people make the best employees.
"If you hire people just because they can do a job, they'll work for your money. But if you hire people who believe what you believe, they'll work for you with blood and sweat and tears."
Watch one of his eye-opening TED Talks, " How great leaders inspire action."
Vulnerability Researcher/Professor Brené Brown
Another expert who has impressed audiences with her TED Talk is Brené Brown, who “studies vulnerability, courage, authenticity, and shame. Her focus is on the “human connection" and how caring and criticism only make us better.
“Vulnerability is our most accurate measurement of courage."
"Vulnerability is the birthplace of innovation, creativity, and change."
It takes humility and modesty to rise to the top. Our “flaws" and “weaknesses" are what make us unique. Be open, honest, and kind to be the best version of yourself.
Watch Brown as she delivers her TED talk, “ The power of vulnerability."
Entrepreneur and CEO Gary Vaynerchuk
Gary Vaynerchuk is a big name in the entrepreneurial world. He's the CEO and co-founder of VaynerMedia, helping clients “drive their business outcomes with best-in-class modern video production, media planning, distribution, influencer marketing, etc."
He has been at it since his first ecommerce website – WineLibrary grew like wildfire. Since then, Vaynerchuk has spent his time speaking publicly, writing, investing (in Twitter and Uber, among other companies), and more.
Named one of Fortune's 40 Under 40, Vaynerchuk has accomplished so much so far, and now, at just 42, he has the world ahead of him. Below, he reminds us that we must be passionate about what we do in order to feel personally fulfilled and do the best job we can.
“If you don't believe in what you're doing, whether it's your personal brand or the product you represent, you need to get out NOW."
"You have to understand your own personal DNA. Don't do things because I do them or Steve Jobs or Mark Cuban tried it. You need to know your personal brand and stay true to it."
Need more inspiration? These famous folks have the experience and success under their belts to give you confidence on your journey, whatever your path may be.
Success is a step away. As long as you keep reaching for new heights and striving for more, the possibilities are limitless. If these folks can do it, so can you!
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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.