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Some people are born to engage a crowd – they're confident, cool, and collected, even while speaking publicly.

They can get right up there, deliver their spiel, and never seem to break a sweat. No fear, no frets, and no fumbles. If this doesn't sound a thing like you, you're likely lumped in with the rest of the folks who dread public speaking. It's nothing to be ashamed of, but it's also not your destiny. You can get over your fears and turn anxiety into accomplishment.

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Prepare

If fear of public speaking already weighs on you, "winging it" will only make matters worse. No matter the topic, you must study up on the facts and figures, background, studies, etc. The more you research and learn, the better you'll be able to present the information. You need to know what you're talking about and that it's factual and informative.

As per Mayo Clinic, "The better you understand what you're talking about — and the more you care about the topic — the less likely you'll make a mistake or get off track. And if you do get lost, you'll be able to recover quickly. Take some time to consider what questions the audience may ask and have your responses ready."

Rehearse

Just like a stage actor rehearses his lines before opening night, you should practice your presentation before your "performance." Harvard Business Review suggests, "Enlist your friends to help you rehearse your speech. They can help review your material, ask you tough follow-up questions, or act like an indifferent audience."

The Balance adds, "Rehearse several times before the big talk. Time your presentation and always have back up material in case time is left over."

Practice may not make perfect, but you'll be closer to it.

Envision Success

When you're a ball of nerves, it can be difficult to see the light at the end of the tunnel. But with a sunny outlook, you can effectively will your way into doing a job you're proud of. Mayo Clinic explains, "Positive thoughts can help decrease some of your negativity about your social performance and relieve some anxiety."

Huffington Post notes, "By being able to paint a concrete picture of what success looks like to you, it becomes less abstract and more obtainable to you." So, think about yourself standing up there, well-prepared, well-received, and realizing it wasn't so bad after all.

Breathe

Fear and worry can cause anything from sweaty pits to something closer to a panic attack. You need to concentrate on your breathing to calm yourself down and gain clarity and focus. The Balance recommends, "using deep belly breathing to reduce stress and build confidence."

CNBC expands, "Deep breathing before and during your presentation or pitch calms your nerves and adds power and strength to your voice. Deep breathing also keeps your voice centered and prevents dangerous uptalk, which undermines your credibility and confidence. (Allison Shapira, founder, and CEO of Global Public Speaking)."

Be Yourself

Authenticity and ease of yourself will go a long way. You want to connect with your audience, and how better to do that than by being you? Too much memorization and rigidity will cause you to come off as more of a robot than the real thing. Be conversational and friendly. Nobody is waiting/hoping for you to mess up, they just want to be engaged and enlightened.

CNBC advises, "Telling personal, true stories are the best way to impart information and inspire others. (Gary Schmidt, Past International President of Toastmasters International, a nonprofit organization that helps members improve their public speaking skills)."

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Forget the fear and find your place front and center.

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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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