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Six Ways Brexit Could Affect Global Finances

With the UK still locked in negotiations with the 27 member states of the EU following the country’s decision to leave the Union, a great deal of uncertainty still remains about what form a post-Brexit world will take. At the moment, even the negotiating position is open to debate with the country’s MPs split on what the best approach should be.

Although the direction Brexit is taking is still uncertain, there is no denying that it is going to influence more than the UK or the EU’s finances.

Let’s take a look at the likely influences of Brexit around the world, in six key areas.

Supply chains and manufacturing

brexit supply chains affected

Today’s supply chains are global, so the cost of raw materials for manufacturing may increase under new trade agreements, as well as being affected by currency exchange rates. One thing’s for sure, whichever way Brexit goes, it’s a monumental event on the world’s economic data calendar, with ramifications for more just one country. Increased customs procedures for materials entering or leaving the UK for EU countries could also slow down the supply chain, increasing costs and reducing efficiency.

Corporations

Many global corporations have their headquarters in the UK and are actively considering what this could mean for them once the country has separated from Europe. If they do decide to move to an EU country, it will obviously have financial consequences for them, not least in meeting the costs for both new premises and relocation expenses for valued staff.

Trade

brexit trade affected

The UK is actively looking to draw up new trade agreements worldwide as a hedge against any changes in the way that it trades with EU countries. One of the UK government’s key mantras has been “Britain is open for business” so it could be that many countries are in a good position to negotiate especially favourable terms to minimize tariffs for exports and imports.

Exchange rates

As was seen shortly after the Brexit referendum result was announced when the value of sterling dropped by 10% almost immediately, the pound is likely to be weaker against all of the world’s major currencies. Some hope that this may help to offset the higher tariffs that might form part of new trade agreements.

Taxes

The UK is very aware of the need to both retain the companies headquartered there and attract new ones. So, there have been suggestions that the level of corporation tax, which is currently 20%, could become as low as 15%. If this was the case then it would be one of the lowest rates of any of the world’s major economies.

Equity markets

Just as the value of sterling fell after the Brexit vote, global equity markets also showed considerable volatility. So, although nothing can be certain right now, it is expected that these will react in one way or another as more is known about the world economy after the UK has finally severed ties with the EU.

So these are interesting times not just for the UK and Europe but for the whole world. But it’s only after March 2019 that anyone will know just how interesting they are for the global economy as a whole.

The post Six Ways Brexit Could Affect Global Finances appeared first on Dumb Little Man.

Bright pink houses attract crowds looking for the perfect selfie, and the neighbors are pissed

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These houses in Los Angeles are so pink the entire internet seems to have noticed. Everything from the walkway to the hedges to the trash bins are bright pink.

It’s not a permanent look. The vacant LA homes are part of a large-scale art piece, and they’re being demolished to make way for a new housing complex

Neighbors are not pleased with the stunt and the “noise” they are attracting. Everyone wants to pose with the absurdly pink structures, as you can tell by browsing photos on Instagram tagged with #pinkhouses.

More about Art, Los Angeles, Development, Housing, and Art Installation

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How Lack Of Integrity Can Affect Your Life

Integrity is probably at the center of my core values.

If I’m not being generous, I’m out of integrity. If I’m not being honest, I’m out of integrity. When I’m not showing compassion, I’m out of integrity.

Another way to look at it is if I’m out of integrity, I’m not in alignment with what’s important to me. And to be perfectly honest, I simply can’t function when my integrity is out. My life just doesn’t work.

Now, whether my integrity is out or not is entirely subjective. Logic doesn’t come into it and I can’t talk or justify my way out of feeling out of integrity. If I’m out of integrity, I KNOW I’m out of integrity and no amount of sophistry, understanding, justification or reasoning is going to change that.

It sounds like I’m being really harsh on myself, but that’s not how it is at all. By working on getting myself back in integrity, I’m constantly moving further into alignment.

Things don’t flow when I’m out of integrity. Stuff doesn’t work and I feel blocked. It’s unpleasant when I’m that way. It feels like I’m wading through quicksand.

Why life feels like hard work

Half the time, it’s not obvious that I’m being out of integrity and that’s where problems happen. Because my integrity so intrinsically links with everything else, all I know is I feel out of sorts and things feel just not quite right.

I’ve felt like that for a few days now and it’s been getting more and more difficult to achieve or complete anything. Even writing has been difficult and, trust me, I usually have no problems in writing something.

Then I realized: I’m out of integrity.

I gave my word to do something and it hasn’t happened. The reasons for it not happening are completely out of my control, but it’s still my responsibility.

My word, my responsibility. No one’s fault, just my responsibility.

I told someone I’d do something and it hasn’t happened. I’ve communicated with the person and reset the event date 4 times now. It’s still not going to happen and I’m not willing to reset the date again. My integrity is out, not just on sticking to my word but also on another of my core values: fairness.

Even though the reasons are completely out of my control, I don’t feel like I’m being fair to the other person for constantly changing the plan. And I’m feeling awful about it.

feeling awful

I’m feeling awful because my integrity is out and I can’t do anything about it. The other person was very understanding, but it isn’t my fault and I’m not the only one to blame.

But, that’s not the point.

The point is that it’s MY integrity that’s out, therefore, it’s MY integrity that needs mending.

I want to feel good about myself, so I MUST take responsibility. The reason is simple.

I’m taking responsibility, regardless of the fact that not all things and people are under my control because I gave MY word that I’d do something.

Living with knowing that I can’t stand by my word is unacceptable.

I could go down the path of justification, reasonableness, and blame. After all, it’s not entirely my fault.

But, if I do that, then it’s like giving the power over whether I’m true to myself and my core values to someone or something else.

I’m giving the power about how I feel about myself to someone else. It’s like letting someone else have control over my life. And no one should have that power over anyone else.

Only WE know whether we’re being true to ourselves or not.

If you feel that something’s “off”, that life is hard work or just a bit icky, take a long, hard look at yourself. Find out where you’re not being responsible. No matter how ridiculous it seems or no matter how much things are completely out of your control, TAKE RESPONSIBILITY.

take responsibility

Take responsibility for knowing that you’re being true to yourself. Don’t leave it for years like I’ve done in the past. Look at it NOW.

See Also: Taking Ownership: Are You Taking Full Responsibility For Your Life?

Where are YOU out of integrity?

I can pretty much guarantee that if life is feeling like hard work for you, it’s because you’re out of integrity SOMEWHERE.

It might be around your values or because you feel like your job isn’t the one for you. You might have given up on a dream, eating poorly or not exercising. You might be in a relationship that you know is not right for you. It might be due to all the things you’re saying in your own head.

So, have a close look and find out where you are running out of integrity.

Don’t waste any more time not feeling completely in the flow. Do something about it NOW.

See Also: Flow: Discovering The Secret to High Performance and Happiness

The post How Lack Of Integrity Can Affect Your Life appeared first on Dumb Little Man.

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Crunch Report | Walmart Acquires Modcloth

Apple investing $500 Million into R&D Centers in China, Walmart acquires Modcloth, and John Mannes reports to us about his trip at South by Southwest. All this on Crunch Report. Read More

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A Guide to Developing Your Career Prospect

Career development is the bedrock to attaining career growth. Many working professionals who maintain a gradual but constant career development experience enviable boosts in their career potential. They realise that the current job they hold is a stepping stone to the bigger goals they aspire to reach.

It is also true that there are many professionals who have over time ignored or forgotten to invest in their career development with dire consequences. Whilst some of these professionals may still be employed, the chances of rising to an enviable position becomes much slimmer.

While some companies provide training to help their employees improve on their job, the kinds of training they offer might not be a great fit for your career path. The decision to advance your career prospects in the direction of your goal lies solely with you.

Whether you are still searching for a job or currently employed, this decision will ultimately decide how far you can go in your career. Research shows that employers are more likely to hire professionals with proven skills for coveted positions.

What is Your Role as a Professional

As a professional, you need to realise that to reach the summit of your career pursuit, you will need to do more than just have a routine job that pays the bills as this will not set you apart from other colleagues. You will need to understand that the job you currently hold might cease to be or that a more lucrative job might turn up that requires a higher level of competence and qualifications than your first job.

Being ready for these possibilities means you are on your way to bigger challenges down the road. To be sure you are on safe ground, start by objectively evaluating yourself and testing your qualification by applying for advertised jobs. An honest reflection will reveal just where you stand and whether you have been putting your career development in jeopardy.

Start challenging yourself to attain those goals you dreamed of. You can achieve that by following the below actionable tips aimed at giving your career prospect a jolt.

Tips to Start Boosting Your Career Capital

These tips do not follow a particular order. You just want to make sure you make them part of your professional life going forward.

Acquire Advanced Studies and Certification

advanced course online

Acquiring additional skills and knowledge increases your overall value. This might include getting a certification to specialise, taking an advanced course online, or exploring other fields.

Regardless of what you choose, the important thing is that you will be increasing your knowledge and your career capital for the future ahead.

See Also: How To Change Careers Without Losing Your Mind

Set a Goal and Pursue It

Professionals don’t always set goals after they land a job but this is something that should be taken seriously. Setting a target pushes you to go beyond your comfort level.  

Be assured that reaching that milestone is worth the effort as the attainment of such a goal will increase your value and relevance. For instance, you might have started out as a content editor, but you can also set a goal to pass the Google Analytics Exam.

See Also: 4 Sure-Fire Ways to Motivate Yourself to Reach Your Goals

Be Active on Social Media

The advantages you can reap from professional networking are real and far-reaching. By staying active on social media and widening your support network, you have ensured access to pipelines of information, some of this communicated to you in real-time. They could include information on emerging trends, job openings, career fair, direct access to employers, and much more.

Use Seasoned Professionals and Mentors

Mentors are valuable guides who can help you make important decisions during your career. This could include what skills you need to develop, when to ask for a raise, and if you are ready for fresh challenges.

You will need a mentor when starting out and even when you are established. To have a mentor means you get experienced grooming, insight into exclusive opportunities, and much more. You can avoid pitfalls and common mistakes along the way.

Participate in Career Conferences

career conference

Participation in career fairs is important to better understand recruiters and companies looking to hire the best talents. You can strengthen and grow your professional network during these career fairs and also get guidance from industry experts.

You can…

  • Get access to onsite interviews from companies
  • Get the opportunity to meet experts and influencers
  • Get an insight into companies look for in candidates
  • Networking and meeting other professionals is guaranteed
  • You can literally put a face on your application by being participant

Develop an Entrepreneurial Mindset

The reward of good work is rising through the ranks. However, with performance comes more responsibility. You will be required to perform other functions in management and administration.

In such cases, you will have to explore and acquire skills in other verticals. When you start to rise to an executive or management position, you might assume responsibilities that require making decisions crucial to the performance of the company. In such a case, you should start thinking in management and business terms.

The below infographic by Market Inspector aims to capture these tips that will help professionals increase their career capital.

Source

Boost Your Career Potential

 

The post A Guide to Developing Your Career Prospect appeared first on Dumb Little Man.

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A Guide to Developing Your Career Prospect

Career development is the bedrock to attaining career growth. Many working professionals who maintain a gradual but constant career development experience enviable boosts in their career potential. They realise that the current job they hold is a stepping stone to the bigger goals they aspire to reach.

It is also true that there are many professionals who have over time ignored or forgotten to invest in their career development with dire consequences. Whilst some of these professionals may still be employed, the chances of rising to an enviable position becomes much slimmer.

While some companies provide training to help their employees improve on their job, the kinds of training they offer might not be a great fit for your career path. The decision to advance your career prospects in the direction of your goal lies solely with you.

Whether you are still searching for a job or currently employed, this decision will ultimately decide how far you can go in your career. Research shows that employers are more likely to hire professionals with proven skills for coveted positions.

What is Your Role as a Professional

As a professional, you need to realise that to reach the summit of your career pursuit, you will need to do more than just have a routine job that pays the bills as this will not set you apart from other colleagues. You will need to understand that the job you currently hold might cease to be or that a more lucrative job might turn up that requires a higher level of competence and qualifications than your first job.

Being ready for these possibilities means you are on your way to bigger challenges down the road. To be sure you are on safe ground, start by objectively evaluating yourself and testing your qualification by applying for advertised jobs. An honest reflection will reveal just where you stand and whether you have been putting your career development in jeopardy.

Start challenging yourself to attain those goals you dreamed of. You can achieve that by following the below actionable tips aimed at giving your career prospect a jolt.

Tips to Start Boosting Your Career Capital

These tips do not follow a particular order. You just want to make sure you make them part of your professional life going forward.

Acquire Advanced Studies and Certification

advanced course online

Acquiring additional skills and knowledge increases your overall value. This might include getting a certification to specialise, taking an advanced course online, or exploring other fields.

Regardless of what you choose, the important thing is that you will be increasing your knowledge and your career capital for the future ahead.

See Also: How To Change Careers Without Losing Your Mind

Set a Goal and Pursue It

Professionals don’t always set goals after they land a job but this is something that should be taken seriously. Setting a target pushes you to go beyond your comfort level.  

Be assured that reaching that milestone is worth the effort as the attainment of such a goal will increase your value and relevance. For instance, you might have started out as a content editor, but you can also set a goal to pass the Google Analytics Exam.

See Also: 4 Sure-Fire Ways to Motivate Yourself to Reach Your Goals

Be Active on Social Media

The advantages you can reap from professional networking are real and far-reaching. By staying active on social media and widening your support network, you have ensured access to pipelines of information, some of this communicated to you in real-time. They could include information on emerging trends, job openings, career fair, direct access to employers, and much more.

Use Seasoned Professionals and Mentors

Mentors are valuable guides who can help you make important decisions during your career. This could include what skills you need to develop, when to ask for a raise, and if you are ready for fresh challenges.

You will need a mentor when starting out and even when you are established. To have a mentor means you get experienced grooming, insight into exclusive opportunities, and much more. You can avoid pitfalls and common mistakes along the way.

Participate in Career Conferences

career conference

Participation in career fairs is important to better understand recruiters and companies looking to hire the best talents. You can strengthen and grow your professional network during these career fairs and also get guidance from industry experts.

You can…

  • Get access to onsite interviews from companies
  • Get the opportunity to meet experts and influencers
  • Get an insight into companies look for in candidates
  • Networking and meeting other professionals is guaranteed
  • You can literally put a face on your application by being participant

Develop an Entrepreneurial Mindset

The reward of good work is rising through the ranks. However, with performance comes more responsibility. You will be required to perform other functions in management and administration.

In such cases, you will have to explore and acquire skills in other verticals. When you start to rise to an executive or management position, you might assume responsibilities that require making decisions crucial to the performance of the company. In such a case, you should start thinking in management and business terms.

The below infographic by Market Inspector aims to capture these tips that will help professionals increase their career capital.

Source

Boost Your Career Potential

 

The post A Guide to Developing Your Career Prospect appeared first on Dumb Little Man.

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10 Domains of Beliefs That We Should Be Questioning For Personal Growth

The majority of us have heard someone tell us at some point in our lives to question everything. The inquisitive two-year-old somehow inherently understands that notion when he or she constantly asks one simple question – Why?

The response to that question usually leads to a simplistic (or even a dismissive) answer which the child accepts. At two years old, we have not necessarily learned to question things and then examine the validity of the response. Rather, we learned to accept information we received from sources we believe to be credible. Unfortunately, many of us never unlearned this conditioned response of acceptance, and have been relegated to having the psyche of a toddler.

The word ‘believe’ is, according to Miriam-Webster, in the top twenty percent of words most used in the English language. Its definition?

intransitive verb
1
a : to have a firm religious faith
 b : to accept something as true, genuine, or real
2
: to have a firm conviction as to the goodness, efficacy, or ability of something
3
: to hold an opinion : think

transitive verb
1
a : to consider to be true or honest 
b : to accept the word or evidence of
2
: to hold as an opinion : suppose 


Belief in any idea is contingent only on our acceptance of that idea. That belief can be based completely on rational, verifiable information or it can be totally devoid of any logic at all. It can be based on a personal experience we’ve had or it can be because of something we read that is conveniently congruent with our worldview.

Regardless of our current beliefs, it can be beneficial to periodically reevaluate what we believe to be true. Depending on our past experiences, we may or may not choose to modify our beliefs.

Either way, here are ten areas we can question and evaluate our beliefs:

News:

news issues

Do I care about this issue because the media told me it’s important? Is the information accurate? Do I recognize any clear bias?

Science:

Is this reputable science or is it click bait? What entity is responsible for doing this research? Who is responsible for funding this project? Are the findings reasonable if they are in favor of the entity carrying out the research?

Nature:

Are all the answers to every problem found in nature? How is nature reflected in my personal life? If nature is dynamic, why does life sometimes not seem to reflect that?

History:

Who’s telling the narrative? Are the stories too sanitized? Is my skepticism about this because I simply do not want to believe it is true?

Culture:

Is there any culture that is incongruent with my own? If so, what makes that true? Is it impossible for people from different cultures to actually coexist without major disagreements?

Political Views:

Where did I get my political views? Are there any problems with my political stances? Are there any viable alternatives or better political ideas than the one currently available?

Government:

Does the government have an agenda? Is the government always correct? How do I directly and indirectly participate in what happens in government?

Religion:

Is religion (or lack thereof) a function of the time I was born, location, the family I belong to, or the culture to which I belong? Do I know why I believe what I believe? If someone told me to believe what I believe, did I question it?

Parenting Style:

parenting style

Did my parents do everything mostly right or mostly wrong? If and/or when I have children, what will I emulate and what will I completely reject?

See Also: The Problem of the Perfect Parent

Relationships:

Are there any patterns I recognize in my past relationships? How have my previous experiences shaped my current views on relationships? Have I learned something new about myself in each of my relationships? What will I do with that knowledge?

See Also: The Role of Karma in Your Relationships 

Asking questions such as these are only the beginning of questioning everything. The more difficult part sometimes is receiving the answers to those questions.

If answered honestly, we may learn that we did not arrive at a particular set of beliefs on our own, and we may experience a level of cognitive dissonance. After much scrutiny, we may learn more about ourselves than we ever thought we would.

It isn’t so much the information we are after, but it’s what we do with that information that makes this process so valuable. This is by no means a comprehensive list, but it is a return to the inquisitive nature which we may have lost touch with. From that, we can begin to mature further and gain clarity about who we are and what we want from life.

 

The post 10 Domains of Beliefs That We Should Be Questioning For Personal Growth appeared first on Dumb Little Man.

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