Day: April 3, 2017

Get Rich In 5 Easy Steps

Spending 12 years in school and another 2 to 4 years getting a higher degree isn’t a complete guarantee that you’ll get rich easily. There are things and specific steps you need to do first before you can be successful in life. Unfortunately, despite spending several years in school, a lot of people are still not aware of this.

In this article, I’ll share with you the best tips and tricks on how to get rich that majority are still clueless about.

Step 0: Get a job

get a job

This isn’t a big secret. You got to start somewhere and it’s obviously important to have a cash flow.

Step 1: Pay off all high-interest debt

This means credit cards. Settling a debt with a high interest, say 17%, is like making an investment with 17% return!

One of the most common mistakes people make is to pay only the minimum required amount for their credit cards. This is actually banks’ trick to keep people paying forever.

Just have a look at your credit card bill and see how much you’ve been paying in interest. It’s a little shocking when you calculate how much it adds up in, say, 1 year.

See Also: 5 Ways to Help Get Out of Debt

Step 2: Save at least 10% of your income

save money

After you’re done with your credit card debt, start saving. Most people don’t save because they think that since they don’t earn much, they won’t have anything to put aside. That isn’t always the case.

In reality, the more we earn, the more we spend. So, as a remedy, make it a habit to pay yourself first. Put aside at least 10% of your income before you pay anything else.

Step 3: Create a nest egg

Your savings should be geared towards creating a safety net for yourself. Calculate your monthly expenses and then make it your goal to save 3 to 6 times that amount. This way, if (God forbid) you lose your job or, for some reason, you are unable to work for awhile, you will have 3 to 6 months to get your act together without going into debt.

See Also: 10 Ways To Save Money Without Compromising Your Lifestyle

Step 4: Invest

Once you are able to build your nest egg, continue saving at least 10% of your income. Put this money in a diversified Index Funds portfolio instead of a savings account.

Index Funds are investment products that include a huge amount of stocks and bonds that spread your money all over the market. This way, if one company goes down, you’ll have other bonds to rely on. You won’t have to worry about losing all your money with one wrong decision.

Index Funds are much preferred to a savings account because the return of your investment is much higher. A savings account might give you a return as low as 1% while the Index Funds can give you a minimum of 5% or even closer to 20%.

Simply choose one of the well-known companies to take care of everything and use its proposed Index Funds to put your money in. Take note that you might need to keep your money there for 10 to 15 years if you want to make the most out of it.

EXTRA TIP: Take advantage of the automated micro-investing services (like Acorns) that are available. With them, every time you spend money, the service will take the spare change and invest it for you!

Step 5: Choose your final destination

Now, you have to make a big decision. Will you keep investing for your retirement or are you going to cash it all out as soon as you have enough capital to finance your own business?

The first choice is foolproof, but it’ll take a long time. The second choice is riskier, but it can support your immediate plans.

Either way is great but make sure you consider your personality, skills, and goals while making the decision.

If you do want to turn your life around sooner, your steps should include the following:

1. Be an employee
2. Be self-employed
3. Be a business man
4. Be an investor

Start working somewhere and save enough capital to start your own business. Once your business has grown enough, have other people work for you while you concentrate on the further growth of your business. When you’ve increased your monthly income and you have more capital, you can become an investor.

These steps are specific and uncomplicated. All they need is for you to have enough time and dedication.

 

The post Get Rich In 5 Easy Steps appeared first on Dumb Little Man.

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The internet is debating Peeps on pizza and OMG what is happening

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And you thought pineapple was a divisive pizza topping.

Internet, prepare yourselves for a pizza monstrosity that makes no sense no matter how you try to spin it: Peeps on pizza. Yes, the colored marshmallow chicks. It’s Peepza and it’s gross.

Behold, Twitter user Austin Braun premiering the Frankenfood:

This > pineapple pizza. 😍 pic.twitter.com/6aPAvc2Pey

— Austin Braun (@AustinOnSocial) April 2, 2017

Wildly, Twitter is debating whether or not this would be good — and it’s starting to heat up.

First there are the sensible people, who see this ‘za for the horror it really is: Read more…

More about Twitter Reactions, Experiment, Food, Pizza, and Peeps

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Founders Factory invests in its first two A.I. startups — Iris.ai and illumr

Founders Factory, the corporate accelerator vehicle set up by Brent Hoberman’s Founder’s Forum umbrella, has today announced the first two startups selected for their AI accelerator programme in conjunction with CSC Group. The idea is to co-create two new AI businesses within the incubator programme every year, for five years. Terms were not disclosed. CSC Group invested in… Read More

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6 Things That Can Help You In Understanding Millennials Better

Millennials are known for a lot of things. Some consider this generation as hard-headed, self-centered and irresponsible. There are people who think that millennials are born to be lazy and dependent on technology.

These misconceptions create conflicts and they make understanding millennials more difficult. As a way to help you connect better with today’s youth, here are six things about millennials you should know about.

Millennials have the heart for the environment

millennial generation values

Millennials care for the environment and they are knowledgeable about what is happening to the planet. This generation values the Clean As You Go campaign (CLAYGo) and is active in learning and practicing valuable recycling methods.

They are more mindful of the environment than the past generations.

Millennials are ambitious and eager

Millennials are often labeled as greedy and self-centered employees by their bosses and their eagerness is usually misunderstood as impatience.

They are, however, none of these things.

Millennials are not entirely at fault if their minds work in a different direction the next day and when they want to be in two places at once. These traits allow them to boost their creativity and harness their other skills that make them an asset in their workplace.

In reality, millennials are just open to success and change. They are the generation that is eager to learn and wants to attain something big when it comes to their career, family, and relationships.

Most millennials are highly educated and grew up in an environment that has a lot of pressure from peers, family and the society. That is the reason why they easily get bored and change their mind quickly.

Millennials think and dream bigger than other generations. They fuel their dream jobs with ambition.

Millennials are open to change

Millennials know how to adapt. They are independent and open for changes. They can connect with other people and adapt to their culture quickly.

With social media as their main mode of communication, they are able to understand different people across the globe. They are also able to respect their cultures and beliefs.

Millennials are diverse and welcoming

millennials characteristics

Change is inevitable and so are differences. Millennials understand this and have no problems making adjustments. In fact, almost 75% of them are now in favor of gay marriage. They no longer mind gender differences and would gladly accept the LGBT community in their place of work.

Millennials are committed and loyal

This generation gives less priority over marriage and family compared to the past generations. For millennials, they need to have a solid source of income before they can engage in serious commitments.

It doesn’t mean that they are irresponsible. It only shows that they want to experience life first before settling down. Some of them even choose not to marry and have kids.

The priorities millennials have are just different compared to the other generations.

Millennials love taking risks

With the money they earn from the hard work that they do, millennials often live with sayings like YOLO (You Only Live Once) and FOMO (Fear of Missing Out).

These two things aren’t as bad as they sound. They are actually great motivators for them to strive harder. Unfortunately, they can also involve unhealthy ways of spending.

This lifestyle is often misinterpreted by the other generations.  They think that having a YOLO and FOMO lifestyle is a careless way to live life. What they don’t know is that these things help millennials live life to the fullest.

See Also: Adulting Isn’t Just Instagramming Your Dinner – Soft Skills For Millennials

Takeaway

Millennials have different ways of coping with issues and they are unique in approaching and experiencing things. There are a lot of things that we don’t know about them but that doesn’t make understanding millennials difficult.

We just need to avoid concluding things about them.

Let us all be open and try to understand the differences between generations. They might have the wildest dreams and biggest ambitions but they also are the ones that will run the world in the future.

See Also: Guide For The Millennial (And Everyone) Who Plans To Be Big

 

The post 6 Things That Can Help You In Understanding Millennials Better appeared first on Dumb Little Man.

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Apple is developing its own graphics chips for future iPhones

 Apple is one of only a handful of phone makers to develop its own mobile processors, but now it appears that the U.S. firm will go one step further and design the graphics component itself, too. Apple is tight-lipped about the technology that powers its products, but long-time partner Imagination Technologies has revealed that Apple has told it that it will cease to use its intellectual… Read More

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Bike-sharing Mobike gets to ride on WeChat's popularity to reach 900 million users

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Bike-sharing firm Mobike now has a way to reach the 900 million people who use China’s largest messenger app, WeChat.

Mobike has been officially integrated into the chat app, allowing users to book a ride through its in-app wallet function.

WeChat’s wallet is a popular digital payment mode in China, where it can be used to pay at stores, and to do easy money transfers to friends when splitting the tab.

Image: Ng Yi Shu/Mashable Composite

With the app now listed in the wallet section, this is expected to help reduce friction for users — especially new, curious ones — to locate a bike and start riding. Read more…

More about Bike Sharing, China, Wechat, Mobike, and Tech

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'Rogue One' retold with Lego is amazing, but skips all the grim parts

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The success of the Lego movies proves that we’re eager to see our favorite films retold in toy form. That’s why a new Lego short replaying the plot of Rogue One: A Star Wars Story was a welcome surprise this weekend. 

But despite the video’s attention to detail, some hardcore fans noticed that this Lego version of the film left out all the grim (spoiler alert!) deaths that litter the human-populated version of the film. 

Instead, the short Lego version of Rogue One ends with our two heroes securing the Death Star plans — and everyone is happy (and alive). The. End. 

It’s an ending more in line with Disney’s approach to kids, a choice some parents might appreciate. However, the soft touch, deathless ending underscores some of the awkward fits between Disney and its darker franchises when it comes to staying true to a franchise’s fan base and not veering too far from the kid-friendly territory Disney is known for.  Read more…

More about Sci Fi, Science Fiction, Disney, Lego, and Rogue One

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