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Money Is Not The Motivation For Men In “Pink-Collared” Jobs

Men who work in “pink-collared” jobs are motivated by factors that are beyond money and progression.

Teaching, nursing, social working, waitressing, and counseling are among the occupations that economists call as pink-collared jobs. These jobs are generally female-dominated over the years. In fact, in United States alone, 9 out of 10 registered nurses are women. Alongside this are other professions concentrated with women…

Image Credits: Visual data of the U.S. Department of Labor was created by IdeasFisherman

Image Credits: Data from U.S. Department of Labor, Visuals Created by IdeasFisherman

While more and more men are wearing the pink-collar, they still face the stigma associated with the so-called “feminine work”. However, the people who choose to challenge the stereotypical norms about work and success considered other factors aside from promotion and salary.

A recent study from the United Kingdom interviewed men who worked as primary school teachers and as university administrators. They were asked to discuss their career history, their institutions’ support, and their experience of success. Interestingly, their definitions of success include building friendly relationships with their colleagues and having flexible working hours. Their definition of career development was influenced with the challenges faced by their students.

For Singaporean men, passion may also be a factor to overrule the occupational assumptions. You can either be doing something you are passionate about or do something that will logically lead to the work you love. Only then will you be able to give your 100% without feeling like work is forced upon you.

Passion will certainly give you a sense of fulfillment. Research even showed that people who make regular progress toward something they care about reported not only being fulfilled but also satisfied.

Image Credits: pixabay.com (License: CC0 Public Domain)

According to economists, it is important to work towards integration of gender distribution to make the economy more efficient. This way, organizations can find the best suited candidate regardless of gender and its stereotypes.

Sources: 1, 2,3

Quick And Simple Ways To Fix Your Financial Clutter

In the daily hustle of the city, being a busy bee is hard work but, that is not an excuse to remain untidy with your finances!

Simply spare at least 20 minutes of your time to manage your own finances with these four ways:

1. IDENTIFY YOUR FINANCIAL VALUES AND GOALS

Without underlying values and goals about money, you would not be able to fully integrate it to your life. Thus, the essential first step is asking yourself: What are the most important things to me (i.e., values) and how do I get there (i.e., goals)?

Develop a habit of financial goal setting to know where you are going and to plan how you can get there. Write down your financial goals with a trusted witness and contemplate the monetary milestone you would like to accomplish in the next 2 months to 2 years. Track down your monthly progress accordingly.

2. TIDY UP YOUR WALLET

Like your study or workspace, you will be able to clear your thoughts better when your wallet is organized and neatly placed. Fill the individual pockets with your bank and identification cards so you can easily take it out when needed. Then, spend a few minutes emptying your wallet of old receipts and other clutter.

3. REDUCE YOUR FINANCIAL ACCOUNTS

In a world filled with a certain bank account card for all your needs, most people have several numbers of bank or credit card accounts. The complication starts when the credit card for travel, for petrol, and for shopping sends bills at the same time. Also, you may have different bank accounts for higher interest, minimal fees, and rebates.

More than being complicated, the constant shuffling between these accounts can get messy. Simplify your life by closing out one account per week or you may consolidate all your accounts online.

4. BUILD AN EMERGENCY FUND

Do you have an emergency fund to protect you from unforeseen events? If you do, it is best to put it on a separate account with an online access so you can easily tap on it if the need rises.

If you do not, the best time to build one is now! Consider joining the 52-Week Money Challenge (available here). The challenge starts off by saving S$1 a week and by the end of the year, you will be able to save up to S$1,378!

Image Credits: pixabay.com (License: CC0 Public Domain)

Sources: 1 & 2

5 Books Every Inspired Entrepreneur Shall Read

A good portion of your business decisions are usually influenced by personal experiences. However, as a budding entrepreneur, you will be able to grow by seeking the knowledge and advice of the successful people before you. What better way to start than by reading books that can inspire you?

That said, here are “5 Books Every Inspired Entrepreneur Shall Read”:

1. THE EFFECTIVE EXECUTIVE BY PETER DRUCKER

For Peter Drucker, an effective execute gets the right things done. To do so, he identifies the five practices that are essential to the business, namely: setting right priorities, managing time, making effective decisions, knowing how and where to deploy strength, and choosing what to contribute to an organization.

Image Credits: facebook.com/UnleashUrBiz

Filled with insights and perspectives into seemingly obvious scenarios, this book has been inspiring people for over 45 years.

2. TRIBES BY SETH GODIN

In this book, Seth Godin argues that with our modern world, everyone has the opportunity to start a movement and to bring a group of like-minded people together. He refers to this fanatical group of people as a tribe. Examples of tribes are those who follow the latest offerings of Apple and Starbucks.

Image Credits: facebook.com/tribesbysethgodin

According to him, if you are an entrepreneur who wishes to have a loyal following, a great tool to use is the Internet. Furthermore, he highlights the importance of uniqueness and fulfilling unmet needs to the overall growth of the business.

3. THE INNOVATOR’S DILEMMA BY CLAYTON CHRISTENSEN

“The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail” is a bestselling classic by the businessman and Harvard professor – Clayton Christensen. This book comes from the idea that businesses will decline innovations based on the assumption that consumers cannot currently use them. Thus, these potentially great ideas only go to waste.

Image Credits: facebook.com/HBR

By knowing this dilemma and using it to your advantage, you can be able to beat other businesses in their own markets.

4. TO SELL IS HUMAN BY DANIEL PINK

In this fascinating read, Daniel pink offers a fresh perspective at the science and art of selling. Although you may not consider yourself as a salesman or saleswoman, all entrepreneurs must understand how to sell and this book teaches you how to. It breaks down the stigmas about salesmanship and manifests the uncomplicated strategy for moving others.

Image Credits: facebook.com/ToSellIsHumanTheSurprisingTruthAboutMovingOthers

5. CREATIVITY, INC. BY ED CATMULL AND AMY WALLACE

“Creativity, Inc.: Overcoming the Unseen Forces That Stand in the Way of True Inspiration” is one of the small amount of prime books about creative leadership and business. It is filled with meaningful insights about what develops, drives, and sustains an innovative culture.

Written by the Co-founder and President of Pixar and Disney Animation Studios Ed Catmull with the help of a journalist named Amy Wallace, this interesting read is a must not only for entrepreneurs but also for business leaders!

Image Credits: facebook.com/CreativityIncBook

Sources: 1, 2, & 3

7 Famous People Who Still Earn Millions Beyond The Grave

They may no longer be breathing in this world but they probably earn more in one year than most of us will in our entire lives!

These numbers, accumulated by Forbes, show the top earning dead celebrities in 2015…

7. JOHN LENNON

Yoko Ono’s soulmate that is better known as the singer-songwriter of the Beatles – John Lennon takes the 7th spot.

With a whopping total of US$12 million (S$16.9 million) in 2015, this iconic musician continues to share the revenue of his recorded and published music. Other ventures such as the Beatles-themed Cirque du Soleil show are also earning him money even after death.

6. MARILYN MONROE

One of the famous entertainers of the 50s is the dashing Marilyn Monroe. Although she died more than 50 years ago, her legend continues as the Authentic Brand Group bought the rights to her brand. Her branding consists of a lingerie line, clothing label, perfume, and spa treatments. In 2015, these earned her US$17 million (S$23.9 million).

Image Credits: pixabay.com (License: CC0 Public Domain)

This proves that her beauty still captivates the hearts of many!

5. ELIZABETH TAYLOR

Aside from her movies, this legendary leading lady has been reigning supreme in the celebrity fragrance business. One of her top fragrance called “White Diamonds” is still continuing to sell even after 24 years.

All in all, Elizabeth Taylor earned about US$20 million (S$28.1 million) this year!

4. BOB MARLEY

Bob Marley, a reggae superstar, may not be an outright entrepreneur when he was alive but he became one in his death. This is due to three reasons namely: his Marley Beverage Company, his House Of Marley, and his music royalties.

He really does not need to worry about money as he is still earning US$21 million (S$29.6 million) after his death!

3. CHARLES SCHULZ

It is rare to see people who cannot recognize who Snoopy and Charlie Brown is! With the release of the “Peanuts Movie”, their creator named Charles Schulz who died in 2000 earned about US$40 million (S$56.42 million) this year. He is said to be earning a cut from the licensing revenue of the popular comics too.

2. ELVIS PRESLEY

The King of Rock and Roll’s magic lives on until the present day as his brand and name is still earning an impressive amount of US$55 million (S$77.5 million). This is largely due to the sales of his albums, memorabilia, and Graceland ticket sales.

Elvis, we can’t help falling in love with you!

1. MICHAEL JACKSON

Smooth as his pipes were, Michael Jackson has been bringing home the bucks gracefully since young. Consistently, he has been earning triple-digit millions every year after his death in 2009. Thought that was thrilling? How about if I told you that he earned US$115 million (S$162.1 million) this year alone?

Well, his undying talent still drives the force of his Cirque du Soleil show, his Mijac Music catalogue, and his music royalties including the half of the Sony/ATV publishing empire.

See his everlasting career here:

Sources: 1 & 2

3 Life Events Where Time Management Is Financially Crucial

Your heart is pounding as excitement and uncertainty clouds your mind. You are about to make a life altering decision. Pause for a moment. Before you do anything else, consider its financial outcomes.

Whether you are rendering your resignation or planning your engagement proposal, all these huge decisions can make or break your wealth. This is why it is important to have a substantial amount of time to analyze every factor including time itself.

To do this, you must master the art of time management. Time management refers to the way you organize and sort out how long you spend on specific tasks. After all, we are equally given the same 24 hours. Let us make the most of it!

For instance, here are some life events where time management is financially crucial…

1. GETTING MARRIED

Save lots of money by scheduling your big day during off-peak months. Generally, getting married in “off-peak” months such as November, March, and April can be less expensive than marrying in “peak” months such as December and February. However, you must always be cautious of the venue’s weather and conditions.

During off-peak months where the demand for weddings are lesser, couples get to negotiate for better prices. Tying the knot in these months means taking full advantage of the discounted prices on reception venues, catering, and photography. If you want to save even more, know the right time when the hotels and resorts are off-season and stay away from the weekends.

2. RENDERING YOUR RESIGNATION

Remaining in a horrible job or company for too long can be harmful not only to your career but also to your health. If you have tried your best to turn things around and have not seen any changes, perhaps it may be time to walk away.

According to Travis Bradberry of Forbes.com, here some signs that validate your desire to quit:

It is time to quit your job if you…

a. dread going to work.

b. know more than your boss.

c. are out of the workplace loop most of the time.

d. lost your passion.

e. have a horrible boss who is not going anywhere.

f. see no room for advancement.

g. are suffering health wise.

h. are suffering in your personal life.

i. think the company is in danger of closing.

Image Credits: Quinn Dombrowski (CC License Attribution-ShareAlike)

If most of this or all of this are happening to you, consider your options before quitting your main source of income. Rendering a resignation is best done during the beginning of the month, wherein you are not holding any projects yet. Schedule your resignation email or letter and do so graciously.

3. RECEIVING YOUR BILLS (AS A YOUNG WORKING ADULT)

As a young working adult, especially if you are living alone, you become responsible for keeping the household sharp. For the first time in your life, you are the chief of your own bills.

With this newly acquired responsibility, you must stay organized to keep up with your payments. Set aside some time in the beginning of the month to make a list of the bills you are expecting to receive. Put it on your working desk or create a file for it. This way, you will not pay a bill twice even if you received it simultaneously by e-mail and postal mail.

Alternatively, you can get your payments automated. Since you are prepared for the bills earlier on, you may have available money in the bank to pay it the same day as you received it. If you have automatic payment scheduled and you still received a billing statement, call your bank or creditor.

Image Credits: pixabay.com (License: CC0 Public Domain)

Sources: 1, 2, 3, & 4

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