Is your boss a big pain in the "you know what?" Are they always on your case, breathing down your neck, questioning your every decision, and giving you a hard time, even though you believe you are doing a good job?
Before you let your frustration and anger get the best of you, there may just be a bright side to your boss' bossy ways. A "pushy" boss can be the best kind. Once you realize that their behavior towards you isn't personal, you'll find that they are on your side, looking out for what's best for the business, and truly doing their job well. "Tough as nails" may be painful at first, but once you learn the positives, you'll come to realize that having a tough boss is an asset. Here's why…
They Will Have You Aiming Higher
You can get comfortable being a satisfactory employee or reach for new heights in your career. Sometimes we can use the motivation from someone else to help us take steps towards improvement and achievement. A tough boss will never settle for mediocre. And you should not either. Take your tough boss' advice to heart and see criticism as a push towards perfection instead. As per Fortune, "The more difficult, and the more challenging—the better."
As ProAssisting notes, "Working for a tough boss teaches you to be at the top of your own game. If you're not, don't worry, they'll surely let you know. By consistently working at a high level for a demanding boss, you'll be stretching and able to perform at that level for longer and longer periods of time."
Consider the notion that your boss believes in your strengths and knows you have more to offer. See this as a compliment and use their encouragement to break barriers.
They Will Be Genuine About Your Performance
A tough boss will not sugarcoat their communication with you. If you are not up to snuff, you will be sure to hear about it. On the flip side, when your boss sees that you have done a great job, they will be honest and give you the credit you deserve. If you can impress this type of boss, you know you are valued and talented at what you are doing. A tough boss will not let mistakes and lazy behavior slide, so know that they are genuine when it comes to your performance review.
"When a tough boss gives you positive feedback on a job well done, it's like gold and you'll feel like a million bucks," notes ProAssisting."
You Will Grow a Thicker Skin
With a tough boss, you will have to toughen up yourself. Being overly-sensitive will make you lose sight of their agenda and can derail you from using their advice to become a better employee. As per wikiHow, "By learning to look at the bigger picture, having a positive attitude and building confidence, you can stand strong. It is important to learn to take constructive criticism as an opportunity to improve."
When you can separate yourself from what is being advised or criticized, you can make steps towards improvement. This can help you in all areas of your life. It's OK to have feelings, but a strong presence and unwavering sense of power will always benefit you, be it at work or in your personal life.
Hey, it is not so tough having a tough boss after all!
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.