How To Settle In A New Job With Ease

Getting ready for your first day at work can mimic your experience on your first day in a new school. As butterflies roam your stomach, your first day in a new school is both terrifying and exciting. You walk in the grounds of an unfamiliar hallway with a schedule in hand. You try your best not to trip or to embarrass yourself in front of other kids. Years later, those similar emotions can be felt as you show up to a new workplace.

You do not know what expect! The first couple of months can be confusing, exciting, and terrifying. These months can make or break your time at a particular company. Start adjusting to a new job by preparing for your first day.

PREPARE FOR YOUR FIRST DAY

Use the weeks leading up to your first day wisely by preparing yourself mentally and physically. Accomplish as many errands as possible such as medical checkups, car maintenance, and visits to relatives. Get adequate amount of sleep and renew your fitness regimen. If time permits, you may freshen up your mind by taking a short staycation.

Prepare for the position by researching about the company and its business press. You can search through its social media accounts to get a grasp of their branding. You can also request for a list of readings from your future boss. He or she will be impressed that you want to start work well-informed and educated.

MAKE A GREAT FIRST IMPRESSION

Your first impression counts. Show up on your first day well-dressed and with enthusiasm to work. Come early and put your mobile phone away to stay focused on the tasks at hand. Take notes on the tasks and the people around. What are their names? It is important to write them down. You can learn a lot from these people.

ASK A LOT OF QUESTIONS

It is easier to assume that we know what to do. Sometimes, we are just too afraid to admit that we cannot do something. However, asking for assistance is the best way to resolve an issue. You are in a new environment. Admitting your lack of knowledge in certain realms may show your eagerness to learn. Take notes.

DO NOT COMPARE THINGS TO YOUR PREVIOUS JOB

No matter how skilled you were in your previous company, it is unpleasant to brag about it in your current working environment. Instead, let your actions speak for itself. Take this opportunity to learn new things, to contribute new ideas, and to share your experience with your co-workers. Find the right platform to air your concerns.

LISTEN TO CULTURAL CLUES

To help you get a grasp of the company’s culture, listen and observe at all times. Building rapport with your new co-workers is important because it lets you assimilate to their culture faster. Be wary. Do not let your desire to fit in encourage you to engage in gossip. You do not want to employ socially destructive behaviors. Listen to cultural clues, but avoid gossips.

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You are the new employee. Smile and make the effort to reach out to them by offering coffee or lunch. This way, you will be able to break the ice.

Sources: 1 & 2

 

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6 Essential Reasons Why You Should Learn To Invest

Investing is the act of allocating your money in the hopes that you will achieve a profit in the future. The money generated from your investments can provide income and fulfillment of long-term financial security.

Now is the ideal time to start investing! Allow me to convince you with these “6 Essential Reasons Why You Should Learn To Invest”.

#1: WORK SMARTER, NOT HARDER

Many people do not think about investments until they are well into their 20s or 30s. Although opportunities to invest may come before that, investing is not something that is automatically embraced by all. Do not panic! You can become an investor at any age.

The sooner you open an investment account, the better it will be for your financial future. Take advantage of the greatest asset of all – time. Investing while you are young gives you the chance to work smarter. Would you rather save a considerable amount of money every year or save a huge amount of money later in life? Think about that.

#2: GET MORE EARNING POTENTIAL

Investing your money allows you to grow your wealth. Most investment vehicles such as stocks and bonds offer returns on your money over the long run. The return allows your money to build over time.

The money you build can be used to create a business or expand your existing one. Many investors support entrepreneurs and contribute to the creation of new products and new jobs. The more successful entities you have backed up, the stronger your returns will be.

#3: SAVE FOR RETIREMENT

Let us face it! You need to be prepared for your retirement. You should save money for retirement as you are working. You can put your retirement savings into a portfolio of diversified assets such as real estate, precious metals, stocks, mutual funds, and bonds. As soon as you retire, you will be able to live off from the funds that you have earned.

Base your personal tolerance of risk on your age and lifestyle. You may employ greater risks to increase your chances of earning greater wealth in your younger years. Becoming more conservative with your investments as you grow older can be wise.

#4: POWER OF COMPOUND INTEREST

Learning about investments will enable you to know the power of compound interest. Compound interest allows your money to make more money for you. It pays to invest early and often. The longer your money can benefit from the power of compound interest, the higher your gains will be as time goes by.

Say you invest S$1,000 this year and you earn a 10% return on that. This means that you will end up having S$1,100. If you do not contribute anything next year, you will still make money through the compound interest. Instead of earning another S$100, you will earn S$110 because you are getting 10% from a balance of S$1,100. You will have S$1,210 by the end of next year.

#5: DIVERSIFY YOUR ASSETS

You need to diversity your assets as your investments make one part of your financial picture – not all of it. You should not keep all your money in cash, in your house, or in your car. Instead, invest in a variety of categories to cushion unforeseen losses. It makes more financial sense to keep your emergency fund, your house (real estate), your hard assets (e.g., car), and your portfolio of investments.

#6: REACH YOUR FINANCIAL GOALS

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Learning how to strategically invest your money allows you to reach your financial goals. If your money is earning a higher rate of return than your savings account, you will be able to earn more money within a faster period. This return on your investments can help you reach your financial goals such as buying a car, starting your own business, or putting your children through university.

Sources: 1 & 2

 

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Fundamental Differences Between Stocks And Bonds

As a novice in the world of investments, it is important to know the basic differences between stocks and bonds. Stocks provide partial ownership in a corporation, while bonds are loans from an individual to a company or government.

One of the biggest differences between these two is how they generate profit. Stocks must appreciate in value and be sold later on. On the other hand, bonds pay fixed interest over time. Continue reading this article to know other notable differences between stocks and bonds.

STOCK MARKET VERSUS BOND MARKET

A place where investors can trade equity securities such as common stocks is called the stock market. Buying stocks (i.e., equity securities) entails that you are buying a very small ownership stake in a company. Equity holders purchase stocks in a company on a belief that it will perform well and that the value of the shares they purchased will increase. These stocks are traded on stock exchanges.

The key function of the stock market is to bring sellers and buyers together into a regulated, fair, and controlled environment where they can execute their trades. This regulated environment not only helps the investors, but also the corporations whose equity securities are being traded. The economy thrives when the stock market remains its robustness.

Let us move on to the bond market. The bond market is where investors go to trade debt securities (e.g., bonds), which may be issued by the governments or the corporations. The bond market is also known as the credit or debt market. Buying a bond or a debt security entails that you are lending money for a period of time and charging interest. You can compare the process to how banks charge interests to its debtors.

The key function of the bond market is to provide its investors with a steady, albeit nominal, source of regular income. In some cases, investors receive bi-annual interest payments. Many investors choose to hold bonds in their portfolios to save money for long-term needs such as retirement and their child’s education.

WHERE STOCKS AND BONDS ARE TRADED

Stocks are traded on exchanges, which are places where buyers and sellers decide on a price. Some exchanges are carried out on a trading floor or other physical locations. While, other exchanges are carried out virtually and are composed of a network of computers.

In contrast, the bond market does not have a centralized location to trade. Bonds mainly sell over the counter. As such, individual investors do not usually participate in the bond market. Those who participate include large institutional investors like pension funds foundations, asset management firms, and investment banks. Individual investors who wish to invest in bonds do so through a bond fund managed by the asset manager.

RISKS OF STOCKS VERSUS RISKS OF BONDS

Investors of stocks may be exposed to risks such as currency risk, liquidity risk, interest rate risk, and geopolitical risk. Moreover, stocks run the risk that the company could perform poorly or fall into bankruptcy and disappear altogether.

When it comes to bonds, investors are more susceptible to risks such as interest rates and inflation. When the interest rates are high and you need to sell the bond before it matures, you may end up getting less than what you paid for. If you are purchasing a bond from a company that is not financially sound, you are embracing the risks of credit. The bond issuer may not be able to make the interest payments, leaving itself open to default.

BOTTOMLINE

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Many people opt to invest in both stocks and bonds to diversify. The appropriate mixture of stocks and bonds in your portfolio must consider your tolerance for risks, personal timeline, and investment objectives. Typically, stocks and bonds do not fluctuate at the same time. Think about that.

Sources: 1 & 2

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6 Ways To Write Emails With Stylish Confidence

Many of us spend a good chunk of our mornings to sending and reading emails. Surely, email-related tasks are permanently part of our to-do lists. However, do you do it with confidence and proper etiquette?

#1: REMEMBER THAT EVERYTHING IS DOCUMENTED

As writing emails become second nature to us, we sometimes forget that our work email is not always private. Remember that your work email technically belongs to the company. It can be fully monitored. In the age of fast-paced social media, an unpleasant email can easily spread out in a matter of seconds. You will not be able to retract a statement that fast! So, be professional at all times when you are using your work email.

Work emails are part of your company’s formal written records. Sometimes, these records can be used as admissible documents in the court. Those emails can be shared as a part of any legal proceedings and can be used directly against you. Thus, you must be careful in writing emails that contain sensitive information or commentary about other employees or clients.

#2: SET A REALISTIC TIMELINE FOR DEADLINES

We all have different work habits and some people do not have a sense of urgency when it comes to completing deadlines. Instead of writing “The deadline is tomorrow at 10:00 am!”, you may write something similar to this: “When can you get this done?” You may also write how much you will appreciate it if he or she can finish the draft today because you will have enough time to discuss necessary changes before the tomorrow’s deadline.

Help your co-worker see that you cannot extend or push deadlines because of him or her. We all exhaust our resources to meet the deadlines. It is only fair for others to do the same. Asking about the person’s timeline can instill responsibility because he or she knows that there is someone waiting for his or her output.

#3: HEAD STRAIGHT TO THE POINT

When giving out suggestions, you may write: “I think maybe we can…” This statement does not exude confidence and assertiveness. Instead, you may write: “It will be best if we can…” The second statement gets straight to the point too.

Everyone is busy, including you! It is best to get your point across as early as possible. Start the email with a quick and friendly greeting to address the person. Then, follow it up with the request or issue that needs to be addressed. “Input needed for project X by Tuesday (December 1), at 3pm”, writes Employee A. This message will alert the reader right away. Do add supporting details in bullet points or separate paragraphs so that no part of the request or issue is left out.

#4: STOP APOLOGIZING IN EMAILS

Refrain from starting a message with “sorry to bother you…” The act of sending an email entails a small intrusion on the reader’s time. If you really need to communicate via email, keep it short and concise. You do not need to apologize for sending out important matters. Moreover, apologizing throughout the email takes away the main idea of your message and diminishes confidence in you as the sender.

#5: DO NOT SPAM YOUR CO-WORKERS

As said above, everyone is busy. Please do not spam your co-workers with multiple emails every time you have a new idea. Keep a running list of the things you need to discuss or to ask to your co-workers. Then, send the list once a day. Saying that “it can be easier to discuss this in person” is better than re-writing an email for an hour with multiple threads.

Spare your energy to productive matters. Have a quick chat with the primary person over a cup of coffee. This way, you will be able to get your point across efficiently and you will be able to receive feedback at a faster rate.

#6: FORWARD NECESSARY EMAILS

Save your reader’s time and energy by using the “forward” button exactly where you are in the conversation. By doing so, your reader will immediately spot the message that you want him or her to see. Your reader will avoid shuffling through a pile of previous messages too! Furthermore, you can write: “let me know if you have questions” upon sending.

Image Credits: pixabay.com

Sources: 1 & 2

 

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