Mention a shorter work week to anyone within earshot and no doubt you'll hear a resounding "Amen!" 1 in 9 Americans work 50+ hours per week as per The Center for a New American Dream. Compare that to 1 in 81 in Sweden and 1 in 152 in the Netherlands and it's no wonder so many of us are stressed-out and exhausted.

Working fewer days per week is not just something to dream about while you ought to be filing reports and crunching numbers. There are already employers switching to a 4-day work week model and others thinking about doing so. Why? The benefits are powerful and enhance the lives of employees and their employers as well.

A shorter work week is valuable to take into consideration if you're the boss and something to bring to the table with these 3 benefits to back you up if you'd like your company to take this notion seriously. 3 day weekend… here we come!

Better for Overall Health

When we're overworked, tired, and stressed, health inevitably takes a toll. As per Healthline, "Numerous reports and studies have shown that the expected pace put upon the U.S. workforce is to blame for many health issues that plague adults today. These include sleep issues, obesity, and an overall weakened immune system. Cut back the work week by a day, and we could see significant improvements in our physical and mental health."

With health issues like these so prevalent in our work-centric society, people are taking more and more sick days, or come into the office when they're not at their mental or physical best. Time isn't of value if the employee isn't able to produce as well as they want or are able to. This can lead to even more stress, creating bodily illness and mental strain – a vicious cycle.

That cherished extra day of free time clears the mind and allows the body to recuperate. Employees will have the chance to focus on themselves for 24 more hours so that while they're at work, they can give their all to the job at hand.

Greater Productivity

Even though the employee will be spending fewer days at the office, it's been shown that their work effort and output is actually higher with a 4-day work week. As per Joseph Chris Driving Business Connections, "Employees return to work more refreshed after a 3-day weekend. They even make it a point to work very hard during the compressed week, so that they will not lose the privilege of a four day work week system. When staff is pumped up to go back to work, they tend to be more productive. This results in more output and higher company revenue."

Employees appreciate this benefit and are more inclined to be sure everything is complete and done well so they can take full advantage of this arrangement. They are happier and more willing to work together to keep the system in place. This is a win-win for the employee and the higher-ups.

Plus, with this 4-day work week program, each day will include more hours in the office to compensate for the missed day. Therefore, as per WiseStep, "Because employees spend continuous hours at work, they do not miss the flow of work or get distracted to leave for home. They get enough time to complete the task in the same day rather than passing it off to the next day. 10-11 hours of work (per day) motivates the employee to finish the task the same day with full concentration."

Enhanced Work – Life Balance

Naturally, a 4-day work week allows for a better work – life balance. People can spend more time with their families and doing things they enjoy such as hobbies, exercise, and vacationing outside the office. As per The Center for a New American Dream, 59% of employees say their jobs do not leave them with enough time for themselves and 75% feel they do not have enough time with their kids. A 4-day work week system would surely change these percentages for the better.

Although you may get home later or need to head into work a bit earlier on the 4 work days, an entire full day of free time more than makes up for it. No interruptions and no work worries. Joseph Chris notes, "(A 3-day weekend) gives employees more relaxation time with family and friends, and whatever errands they were unable to do during the work week they can accomplish during the weekends. If anyone wants to escape the fast-paced life even just for a while, 3 days would be enough time to unwind and rejuvenate."

As far as the employer's benefit, Nevada Small Business notes, "You're likely to attract more highly qualified new hires who view the four-day week as a major lifestyle benefit. Plus, because of the longer work day, employees miss the standard morning rush hour, getting to work early and staying later. Less time in traffic – a big plus."

Who's not interested in a 3-day weekend? These 3 benefits are no-brainers and make sense for the worn-out worker. Let's all move to the 4/3 plan and improve health, wealth, and life in general!

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As the years go by, you'll likely need to make some large purchases here and there. Plan for these major life purchases by identifying them and saving early.

While it's possible to be frugal with many aspects of your lifestyle, there are certain events and possessions that will require you to spend a substantial amount of money. Thus, a wise course of action is to begin saving well ahead of time while thinking about your goals for the future. This way, you'll be able to maintain a stable financial state even when faced with those large expenses. The following are a few major life purchases that you should plan for.

A Wedding

Marriage is a joyous occasion that many people look forward to. However, a wedding can be quite expensive, often costing thousands of dollars. Your family and your future spouse's family will often contribute to covering this, but you should still prepare to spend a good deal of your own money on the ceremony. If you're in a serious relationship and are considering marriage, you should plan where the funds for the wedding will come from and take the necessary actions to accumulate them. It's also crucial to discuss financial matters with your partner, since your property will merge once you get married.

A New Car

Automobiles remain one of the top modes of transportation. As a result, you may want to purchase a new car at some point in your life. Although you may be fine with an old or used vehicle at present, you may one day be motivated by a desire to acquire something nice for yourself or by the practical needs that arise as you raise children. Whatever the case, obtaining a new car is a major life purchase that you should plan for.

In addition to setting aside funds to eventually put towards a vehicle, you should also aim to build you credit score. This is because your credit score will determine your available car loan options. The higher your credit score, the more you may be able to lower your interest rates on your car.

A House

Owning your own residential property is a worthy objective that you may hope to make a reality one day. Ideally, you should save about 20 percent of the total cost of a house before you buy it. This will allow you to make a larger down payment and thereafter face less interest on your mortgage.

As with acquiring a car, the mortgage options that you'll have can change based on how strong your credit score is. You'll want to increase your score as much as possible in the years leading up to buying a house so that you can get more favorable interest rates. In addition to contemplating down payments and mortgages, you must also remember that you'll need to deal with property taxes, insurance, maintenance and repair fees, and sometimes homeowners' association charges.

It's also necessary to hire a real estate agent to help you with the buying process. There are different types of real estate professionals. You should know how to distinguish between buyer's agents and seller's agents so that you can obtain favorable prices on homes as well.

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When you are newly hitched and learning how to combine your essential legal and financial information as well as your accounts, it can be confusing.

Many people live together before getting married and have begun the process of combining accounts and sharing responsibilities. However, some people wait to do this only after marriage, and others wait until they're married to live together. Whichever path you've chosen, it's still crucial to know a few tips to manage money together as newlyweds to determine where you should begin and how you can remain on the same page.

Discussing Money Motivations

As we begin to share money with our significant other, we soon find out what one person may rank as a priority regarding money and the other may not. As such, sitting down and discussing money motivations is important. Two people who cannot agree on how to handle money may cause serious issues. This should include:

  • How to deal with money following payday. Is a percentage put into savings? Is that the day to splurge on dinner, drinks, and more?
  • The frequency and size of payments made to debts. Some people like to pay minimums, whereas others pay in full or make double payments.
  • What do you each consider money well spent? Is it a new 70" 4K television? Is it an investment? Is it paying as much debt off as possible?
  • How do you go about consulting each other before making purchases over a certain amount?

Establishing Financial Goals

After you evaluate the motivations behind your money and how it should be spent, you'll need to spend time together hashing out financial goals. As newlyweds, there are certain things on your list that you're going to want to save for. How do you go about that? How much of each paycheck will you dedicate to a particular fund?

Some things in the future worth making a financial plan for include savings and paying down debts. This is the time to be honest about your current financial standing. If you're looking to buy a home, you'll want to assemble a first-time homeowner financial checklist to begin to develop topics of conversation. Some of the things to consider setting goals for are:

  • Student loans
  • Car loans
  • Future children
  • A house
  • Medical bills
  • Delinquencies on credit reports
  • Vacation and rainy-day funds
  • Emergency funds

Budgeting Together

The more honest and open you can be with each other about the money you have and now the debts you share, the better. Implementing plans for the best ways to have the things that you both desire while still taking care of existing demands is important. These can be uncomfortable things to talk about; however, these conversations are necessary.

Following these tips to manage money together as newlyweds will allow you to have a starting point for conversations that can be tough to start. The sooner you and your partner get on the same page with finances and the responsibilities that come with them, the easier the transition will be and the sooner you'll find success.

It's the dream: money you can count on to keep rolling in, even while you sleep.

Passive income isn't entirely passive, of course. You'll put in work up-front to get the profits rolling, so don't relax in your recliner just yet. But with so many potential sources of passive income available to you, picking one or several will mean that the day you can finally kick back will draw steadily closer.

Rental Properties

Real estate is a tried-and-true wealth builder for a simple reason: people will always need somewhere to live. Research the market in a growing community until you know a good deal when you see it. You can maximize rent by fixing up a deteriorating property or upgrading a mediocre one. The key is to hire a property manager to do all the day-to-day landlord duties for you—and you'll need a good one. Smart investors put their profits in another property and repeat the process until they have a diverse portfolio.

A YouTube Channel

You can start a blog if you're more comfortable hiding behind a computer, but consumers are more likely to prefer video content. Post a series of “how-to" videos to answer questions about whatever you're an expert in.

You can put up any content you want, but if you don't want to commit to regularly updating it, focus on “evergreen" topics that will draw clicks for eternity. Ads will create your income, especially if your channel grows in popularity. Better yet, sign up for affiliate marketing. If you recommend a product and provide a link to buy it, you'll get a small percentage of those transactions.

Auto Advertising

If you don't mind vinyl-wrapping your car with an ad for a company, you can get cash just driving around and running your errands. Make sure you contact a reputable company that doesn't ask for any money from you; if they're the real deal, they'll evaluate your car, your driving habits, your area, and more. Bonus: the brighter the ad, the easier it'll be to find your vehicle in the parking lot.

Digital Products

What's something that people will pay for but doesn't require shipping on your part? Finding that item is what can supplement your income indefinitely. Write an e-book, charge for your cross-stitching patterns, design prints that people can digitally download, invent an app, record a “masterclass," or whatever else you want. Every time someone new discovers it, the cash register rings. With a little more effort, this is a potential source of passive income for you that can continue to grow. Once you build up a customer base, they might want more products. The good part is that it's up to you whether you wish to give it to them.