Keeping on track and remaining constantly productive are key factors in resulting in a job well-done at work. In the fast-paced world we live in, slowing down will get you run over by someone else who is geared-up and ready for action. Don't sabotage your chances to be the best version of yourself at work by dragging or stalling. Here are 3 things that may be slowing you down. Make some changes and you'll be revved up for rewarding results!
1. Inadequate Sleep
There's a lot to get done in a day, but skipping sleep in order to do everything is counterproductive. Sleep is essential in order to remain focused, energized, and on the ball. Not to mention, you won't have to fear nodding off at work!
As per Health, a good night's sleep can "improve memory, spur creativity, sharpen attention, and decrease stress," all of which will make you a better worker. Without approximately 7-8 hours per night, the benefits won't be reaped as well, if at all. Catch those zzzs, take time to dream, and you won't run out of steam.
2. Huge Lunch
While you may feel ravenous, digging into a large lunch mid-day could lead to a slow and less productive afternoon. The food may taste great going down, but you may just go down with it once you get back to your desk. The energy your body needs to digest a big meal will be drained from other areas of your body, leading to sluggishness and tiredness.
A better idea? Small spaced-out meals throughout the day rather than one filling feast. According to Daily Mail, "Grazing was the way our body was designed to eat (as per) nutritionist Antony Haynes. Large meals burden the digestive system, often causing bloating and lowered energy while the body struggles to digest them. The bigger the meal, the bigger the crash."
Bring healthy foods to work and nibble throughout the day. Think cut-up veggies, cheese, hummus and crackers, dried fruit, and nuts and seeds. Your sugar levels won't dip, you'll never feel hungry, and you'll stay balanced all day. Snack steadily so you won't slow down.
You may feel like a champ by attempting to get many things done at once, but when you multi-task, something's gotta give. By dividing your focus, each task won't be done to perfection, nor will it get done in as timely a fashion. You may lose concentration, leave out important details, or find the need to backtrack in order to move forward from where you left off. By trying to do it all, you may not even get it all done. You'll slow down due to the overload and may not complete anything, let alone even one of the projects.
As per Chron, "Too many distractions break your concentration, which requires more time to come back to one task, find where you left off, and try to recreate your thought pattern."
Workplace Wellness Systems adds, "Researchers determined that heavy media multitaskers are more susceptible to distractions from irrelevant stimuli, resulting in greater problems focusing on important tasks. Employees are bombarded with numerous distractions throughout the workday, from email to social media sites like Facebook. Distracted employees can quickly lose focus on important tasks, often resulting in the loss of creativity and innovation." Taking things one at a time won't slow you down at the end of the day. Too much on your plate can lead to dropping it!
Your job is important, so see if
making some tweaks improves your performance. Slowing down can wait for
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.