Success in the workplace is what we all want to achieve, but getting there requires stamina, strength, and smarts, among a slew of other behaviors and attributes to reach our goals and then some.


As we travel through the alphabet, every letter has an associated term that takes us one step closer to success. We last covered D, E, and F – Detail-oriented, Enthusiasm, and Flexibility, and prior to that, A, B, and C – Ambition, Boldness, and Commitment. Let's add to the growing list and inch closer to success!

Here we'll cover Grateful, Helpful, and Integrity. All three are vital traits for a person to embrace in order to accomplish goals and raise the bar for themselves and those around them, thus leading to progress, prosperity, and success beyond their wildest imagination!

Grateful

Lots of hard work and making it towards goal after goal is no easy feat. Whether you made it on your own or did it with the aid of those around you, being thankful is not only humbling, but will keep you grounded and help you remember where you started and what you're still headed for.

According to Inspiyr, "Many will tell you that hard work and dedication produce success. However, being grateful for your blessings in life is arguably what opens the door to a life of success and prosperity."

Even when you hit a roadblock or things don't go quite as planned, look on the bright side towards what's gone well thus far. As per The Benefits of Positive Thinking, "Being grateful has the power to change your mood almost instantly from negative to positive. Whatever your circumstances, they can always be even more difficult. Think about the fact that they are not so, and look at the positive side of your reality."

Thank those around you, those who helped you get where you are today, and be grateful for your place in life right now. Coming from this perspective will allow you to jump over hurdles and strive for new goals with a positive and purposeful outlook and agenda.

Helpful

When a person is laser-focused on reaching a goal, they may seek out help, but what about what they can do for others? Success is a give and take process, and without a certain level of camaraderie and teamwork, you may not ever reach it.

According to Business Insider, "When you shift your focus off of yourself and onto the people you serve, you set yourself up for success." Inc. adds, "One of the most rewarding things about achieving success is the opportunity to encourage and motivate others. Successful people realize they have the power to help others increase their confidence in themselves. In doing so they create life-long loyalty."

Do unto others… this is always part of a successful person's mantra.

Integrity

According to Inc. "Integrity creates character and defines who you are." Entrepreneur explains, "Integrity means doing the right thing because it is the right thing to do. And that's what makes success."

Follow through with promises and always respect others. Be trustworthy, open, and willing to admit when you've made a mistake along with being thoughtful to forgive others. As Goal Setting Guide notes, "By making the commitment to become a totally honest person, you will be doing more to ensure your success and happiness in life than anything else you can ever do."

Work on these traits if they aren't part of your DNA already. You'll find yourself getting closer and closer to success the more you practice them.

Stay tuned for more A-Z coverage for workplace success.

PayPath
Follow Us on

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.

Getty Images/Maria Stavreva

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.

Keep reading Show less

diy gifts

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.

Keep reading Show less