These Tips will Help you to Make your Very First Investment

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. If you haven’t started, learning to invest your money is a smart, but also a potentially perilous undertaking if you don’t know what you’re doing. There are lots of books, teachers and programs out there encouraging us to invest but many people don’t know where to start. The following contributed post is entitled, These Tips will Help you to Make your Very First Investment.

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Making your very first investment can be a daunting task to say the least. You may find that your mind flashes back to the very first global crises and market dips. This is understandable, but at the end of the day, you have to make sure that you do everything you can to move past this or you may end up stunting your own potential. If you want to make a positive change then this guide will tell you everything you need to know.

Set some Goals

Before you even begin thinking about making your first investment, you need to figure out why you are investing. You need to start out with a specific life goal, whether it’s your wedding or even your retirement. Don’t throw up a number, do your research and try to be a bit specific about it if you can. Online calculators can easily help you to figure out your investment strategy and it can also help you to really make the most out of your finances overall. Your goals may well change over time and there is nothing wrong with this, but at least you have a tangible reward that you can try and push for.

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Work Out a Timeline

Next up, you have to figure out what timeline you are going to have to reach your goal. This will help you to figure out how much you need to put away. As a general rule, it helps to follow the 50-30-20 strategy. This is where 50% of your income goes towards your living expenses. 30% of your money will be for discretionary spending and 20% will then go away for your savings. This amount may vary of course, depending on your goal and your overall time horizon. Often, the more money you can put into your investment, the better. This is all because of compound interest. This will enable you to earn way more interest on your returns. That being said, you have to make sure that you understand what you can afford. If you start baking into your plan that you are eventually going to have a great career and can therefore put away more, then you will end up being disappointed. Start with what you know you have right now and adjust it later on. If you do this, then you will soon find that you can come out on top with ease.

Understand your Risk Tolerance

Alongside your timeline, you need to put in the work to increase your risk tolerance. This is especially the case for medical device investors. If you are a millennial, your objectives will be quite long-term in the overall nature. There isn’t a one-size-fits-all approach here, so if you are an investor, you have to make sure that you are true to yourself where possible. If you know that you are not comfortable with what you are doing so far then you will end up making the wrong investment.

Diversify

When you have managed to pin down your goal and your strategy overall, it’s then time for you to work out the best vehicle for your investment needs. For a lot of first-time investors, this will be an index fund which is passively managed. This will give you access to a lot of market indices or even a low-cost digital manager who will go ahead and make your portfolio for you on your behalf. The most important element that you have to look for however is diversification. You need to try and get exposure to a lot of different asset classes, whether they are equities, bonds or even property. You need to have a portfolio that is diversified enough so you don’t lose sleep if something was to happen.

Remember about Fees

Digital wealth platforms have really helped to lower the entry barriers to the investment world. That being said, you will still need to pay fees. If you go for a wealth managing platform, then you will end up paying more as well. If you want to get the best result out of your investing experience, then you need to try and opt for a platform where you don’t have to pay an exit fee. If you can do this, then you will soon find that you have way more flexibility over your investment and that you can also really help yourself to take things to that next level in terms of your overall profit margin. If you have never invested before or if you want to try and experiment a little before you lock yourself in, then it is a good idea for you to start up a demo account. When you do this, you will soon find that you can experiment with a virtual currency, so you don’t have to worry about a thing at all there.

Forget about It

The last step for investors would be for you to forget about your investment. A lot of platforms that can be used to invest now give you some kind of on-demand performance overview. Observing your portfolio is a good way for you to monitor the amount of risk you are facing, but that being said, it’s important to ensure that it does not disrupt your strategy overall. You need to check your investments on a quarterly rota if possible. If you can do this, then you will ensure that you are not making any mistakes by leaving your investment for too long and you also eliminate the risk of pulling out of an investment impatiently. Of course, there are many benefits to investing, but at the end of the day, you also have to make sure that you are exploring the right options and that you are also taking the right steps to safeguard yourself against any risk. If you can ensure that this is the case, then you can easily hire an advisor. When you do, they can help you to stay on top of anything you might need to know, and
they can also work with you to ensure that you are taking the right steps to protect your portfolio.

How Owning A Corporation Massively Adds To Your Wealth

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Becoming wealthy doesn’t come of out of nowhere. There is a lot of planning and strategizing involved and a part of that involves creating business structures such as corporations. The following contributed post is entitled, How Owning A Corporation Massively Adds To Your Wealth.

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What’s the secret of the rich?

It’s not (usually) meeting in darkened rooms and plotting how to take over the world. And it’s (usually) not exploiting people endlessly.

Instead, it’s using a legal tool called a corporation.

Corporations aren’t just nice titles that companies have. They have real legal status and can have a massive impact on the amount of tax that you wind up paying.

The Value Of Corporations

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Let’s say that you sell lifestyle coaching services online.

If you operate as a sole trader, you have to pay full income taxes – regardless of what you do with the money you receive.

However, when you own a corporation, it’s a different story. You only pay taxes on earnings net of your expenses. And there are many accepted accounting practices you can use to reduce your liabilities.

The wealthy use corporations as a kind of shield from high rates of taxation to protect themselves from income taxes and to increase the amount of money they can invest.

When a person owns a corporation, they pay a lower rate of tax on any money they make within the business. They can then plow this money into investments and draw down on their returns later, without having to pay tax on income first.

Yes – corporation owners still have to pay tax when taking dividends. But they often only do this once interest accumulates on their investments held within the company. And that means that the burden of taxation is actually a lot less than it would have been otherwise.

Corporation taxes are a big deal. Upper rate taxpayers usually pay around 50 percent of their income in various types of income taxes. But corporations only pay corporation tax rates on their earnings – usually a much more reasonable 20 percent or so.

Can you see the difference here? If you earn money outside of a corporation, your tax rate is much higher, and more of your income winds up going to the government. But when you protect your labor inside limited liability companies, you massively reduce your tax bills.

Wealth Is A Mindset

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Most workers don’t know about the benefits of corporations. And to the cynical observer, this seems deliberate. If everyone used these corporate vehicles, the state would have to find other ways to raise taxes, probably by increasing rates on companies.

But a lot of it has to do with mindset. People don’t see themselves as companies, and they don’t understand the advantage of using them for tax purposes.

In many ways, this is a reflection of mindset. A lot of individuals can’t imagine themselves as anything other than poor. And so they spend their entire lives working, instead of taking the steps necessary to improve their situation.

Acquiring a wealth mindset is all about seeing yourself in a different light.

If you’re the type of person who says things like “I’ll never earn more than X amount during my life,” then you probably have a scarcity mindset. You’re putting limits on what you can achieve.

Mostly, people who are victims of this mentality aren’t even aware they’re doing it. It’s all unconscious, but it informs the decisions they make daily.

The good news is that you can often change this inner belief to something more positive, even if you’re living in a state of literal poverty right now. It requires identifying the false beliefs that you hold and consciously disregarding them.

Once you change your mindset, the prospect of owning a company makes a lot of sense, even if you’re the only person in it.

Growth Is Also A Mindset

Owning a company also changes your mindset regarding growth too.

When you’re a sole trader, you come to believe that it’s you against the world. You’re by yourself.

But when you own a company, the psychology changes enormously. All of a sudden, you see opportunities to grow and expand, increasing your overall earnings significantly.

Remember, when you have a company, you limit your personal liabilities. Thus, you can take risks that would seem unthinkable as a sole trader. If things go wrong, your house and car are not on the line.

That’s another reason the rich absolutely love limited companies. They allow them to privatize the gains from enterprise while socializing the losses.

If a company doesn’t make money, it’s no big deal. Administrators come in and liquidate all the assets the company owns, and the entrepreneur walks away with their house, car, and private investments intact.

It seems like a crazy setup – and it is – but again, most people don’t know about it. They’re still going about their lives, believing that working for a corporation is the only option. That’s not true. Being a corporation is a much better strategy.

Think about how your attitude toward growth would change if your investments were less risky. All of a sudden, you’d start thinking of ways to expand your services and hire more people. Ultimately, you’d look for ways to make more money and get ahead of the curve.

Plot Your Own Path

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Another reason people struggle with their finances and don’t set up corporations is that they’re following the path other people have laid out for them.

Again, this is a big no-no.

Most wealthy people do not follow the advice of others. Instead, they rely on their own judgment and use it to chart a new course that nobody has tried before.

And, for the most part, that involves owning a corporation in one form or another.

Remember, corporations offer so many advantages over traditional sole trader status or partnerships. And that makes them incredibly flexible. You can, for instance, sell goods in multiple countries but only pay taxes in one. Or take out loans in your company’s name, not your own, to get the equipment you need to thrive.

So, in summary, corporations are tools that you can use to massively add to your wealth. They protect you against risk and tax while allowing you to build wealth and expand.

Preventing Cyberattacks At Work: What You Could Be Doing?

Three focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. With so much business being conducted online, there is an increased likelihood for cyberattacks. As such you have to think about how to defend you operations against them. The following contributed post entitled, Preventing Cyberattacks At Work: What You Could Be Doing?

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It’s not always simple to protect your business from a cyberattack. Not only do you need to consider your IT security and hire the right agencies to make sure that your firewalls remain in place, you need to ensure that you train your staff properly in what to see in a cyberattack. You need to train every single person working in your business to know what to look for – and that gets tougher as technology evolves.

The more we bring in new security measures and technology, the harder it gets to ensure that the business is protected. Why? Well, as technology becomes more sophisticated, cyber hackers and attackers get more sophisticated! You need to know that you can handle training on physical theft, phishing simulations, how to recognize spam for scams – it’s vital. Your employees need to be educated in cyber security and all that comes with it so that they can alert your IT team when things crop up. So, how can you do more for your business and protect it properly?

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● Offer Dedicated Training. Your business emails are a gateway for attackers and business email compromise attacks are some of the most sophisticated around. Hackers can extract information from your business when you don’t have the right phishing simulations and spam training invested in for your staff. Someone would see an email and think it’s legit, only to forward it on and further impact your business. With the right training provider, you can ensure that employees know what these scams look like, and they won’t be tricked into sending these emails.
● Put Policies In Place. Your business may be a flexible, “down with the kids” type business, but that doesn’t mean that you should allow your staff free reign over the internet. Company devices should be connected only for professional reasons, but you can still be flexible with personal devices at work. Teach your staff which files they can download and from which websites. If they know which networks are issued by you and are safe to use, they’ll be able to lower the risk of being scammed. Keep those policies in place and reestablish them as you need to. Don’t let it go, either, as you want to ensure that everyone is on the same wavelength with regard to security policies.
● Add Password Training. Your IT team may hand out passwords to staff, but that doesn’t mean that your staff shouldn’t know how to change them as needed. It should be that you all change your passwords every couple of months and they must remain case-sensitive and hard to break.
● Educate On Reporting Procedures. Lastly, train your staff to know where to report any scam issues they come across. It’s so important that they know to whom they should raise the alarm and how to ensure that the right people know straight away so that precautionary measures can be taken. Mistakes will happen – it’s human – but it’s easier to fix those mistakes if everyone knows what to do.

Creating A Changing Room Area For Your Sports Establishment

Three focuses of my blog are Athletics/Sports, Financial Literacy/Money and Business/Entrepreneurship. If you’re running a sports establishment, it’s important create proper changing room areas for your guests. The following contributed post is entitled, Creating A Changing Room Area For Your Sports Establishment.

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No matter whether you are a PE teacher at a local secondary school or you own your own leisure center, you need to make sure everyone has access to hygienic, spacious, and fully equipped changing rooms.

There are many different factors that need to be considered when creating the perfect changing room environment. One of the first elements to consider is ventilation. You need to ensure that the environment is a comfortable one, especially as people are going to be getting changed. You don’t want it to be too cold. Moreover, it is imperative that the place is not too stuffy whereby people feel like they can’t breathe! Plus, a stuffy environment and sweaty people who’ve just finished a workout are not a good combination, is it? This is why it makes sense to consult with experts like DUCTZ who can ensure that this is all taken care of for you.

You also need to consider the layout of the changing rooms. You’re going to have to fit in benches, showers, washbasins, and lockers, and you need to ensure that people feel comfortable and have enough space for getting changed. A lot of people think that sorting out the layout for a changing area is incredibly easy, but it is not without its challenges, so this is something that you will need to consider carefully during the planning process to ensure success.

One of the most important things you need to buy when it comes to a sports changing room is changing room lockers. After all, people need somewhere to put all of their stuff whilst they are busy playing sport.

There are lots of different changing room lockers available on the market today. You need to give a lot of thought and consideration to the ones you are going to buy. After all, you need to ensure they complement the style of your establishment, they must also keep the users of the changing rooms happy, and you need to get your money’s worth too. Use the following points to ensure that this is the case…

Material

One of the most important things you need to consider is what the lockers are going to be made from. This is essential when it comes to determining quality. You will have a lot of different options at your disposal; ranging from wood to plastic. Nevertheless, it is highly recommended that you go for steel lockers. Stainless steel in particular is advised. This is because this is a material that is highly durable and easy to maintain. This ensures you won’t have to splash out your cash on a repair or replacement anytime soon.

Security

It is highly recommended that you go for changing room lockers that come with some form of security. This is one of the main reasons for having them in the first place. You will need to decide on what sort of security system you want. Nevertheless, your best bet is to keep it simple; lock and key. Simply add a colored band to the keys and use a numbered system so that people can find their locker once they have finished playing their sport. This works great because people can easily wear the band around their wrist whilst exercising and so it causes little inconvenience to them either.

Style

Another crucial aspect worth considering is style. Of course, the main reason you buy a locker is for practical purposes. Nevertheless, if you are going to spend your money on something then you may as well make it look good too. Make sure you have professionalism in mind at all times. The best way to keep things professional is to not overcomplicate it; go for changing room lockers of the same colors and material. In fact, the material you choose has a big impact on the style of your lockers and this is another reason why stainless steel is a good choice.

Size

And last but not least, you need to consider the size of the lockers. You should measure the space in your changing rooms where the lockers are going to be put. This will ensure you don’t end up in a disastrous situation whereby your lockers are too big for the room. Not only this, but you need to consider the size of each locker compartment too. Consider the number of things people are going to have with them when using your establishment in particular.

So there you have it: the complete guide to creating a changing room area!

6 Business Goals to Aim for This New Year

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. While we’re still early into 2021, it’s important to have goals for your business to grow it and help if flourish by 2022. The following contributed post is entitled, 6 Business Goals to Aim for This New Year.

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A new year is a great time to reflect on the successes and failures of the past year. Doing so helps you set new goals for yourself and your business and identify what can be improved. Did you know setting goals helps position you to achieve more? According to a Harvard study, 14% of the population who have goals are ten times more successful than those who don’t have any. So, what goals should you aim for in this new year, specifically for your business? Here are a few.

1. Increase traffic on your business website or blog

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Increased traffic to your business website or blog means you’re reaching a larger audience who could eventually become customers. This can cause a significant boost in your sales while giving you a loyal customer base and should undoubtedly be a part of your business goals for the new year. One way by which you can accomplish this is with Search Engine Optimization (SEO). You can either master it yourself or employ experts’ services to help give your website or blog the traffic and visibility it needs.

2. Create a new customer service process

How seamless are your customer service processes? Are they customer-friendly, clear, and provide your customers with a memorable experience? You can reach out to your customers and get their feedback through surveys, for example, to find out their expectations of your products and services. This can help you come up with new and improved offerings to make not only satisfy but delight your customers and make them feel valued.

3. Increase business productivity

Your business’ productivity rate directly impacts on your net profit and can therefore not be overlooked. You can achieve this by reducing the number of distractions in the workplace during working hours and improving efficiency in business activities. For example, instead of having your employee spend so much time at the shredder disposing of documents, you could outsource this to trustworthy documents shredding services, so your employees can utilize their work hours fully.

4. Give to the community

Giving back to your community helps you make an impact and also creates goodwill for you. As a new year resolution, you can start making a difference by regularly donating to individuals or groups you have identified in your community. You can also volunteer for causes that align with your values or become a mentor to help groom someone. As you do this, you’re building up your community in your own small way.

5. Plan to take some time off

It would be best if you also take some time off from work to rest. You may wonder how this could impact your business, but not taking a break could affect your mental and physical well-being, making you less productive and affecting your business. So, for the good of your body and business, unplug, rest, and come back feeling reenergized to give the business your best shot.

6. Network or engage with other businesses and individuals

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Engaging with other businesses and people helps birth new ideas, improve old ones, and build useful contacts and life-long partnerships. You could start by engaging with a group of people dedicated to your business field or a generalized networking platform; these could be done online or in person. Making such efforts is sure to boost your business.

Setting these goals and working towards them will certainly position your business for success in this new year and beyond.

Should You Pay Any Attention To Cryptocurrency

A key focus of my blog is Money/Financial Literacy. Talk of Cryptocurrency has risen like a tidal wave. If you’re financially savvy, it may be something you want to pay attention to in 2021. The following contributed post is entitled, Should You Pay Any Attention To Cryptocurrency.

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Cryptocurrency has been on the market for many years now, and has proven to be one of the most profitable investment opportunities. Many people choose to invest in cryptocurrency because it easily beats the profits from conventional stocks and commodities. If you’re wondering whether you should be looking at cryptocurrency in 2021, the answer is a resounding yes. This will likely be your most profitable option; the market has over 500 types of cryptocurrency, though, so it can make it difficult for newbies to make up their minds.

Bitcoin – Not Your Only Option
Bitcoin has been among the more widely discussed choices. However, that doesn’t mean it’s the only good one to make! Other options include Litecoin, BAT, and Ethereum. Many new investors are even looking into Masternodes as a viable option – Masternode coins are cryptocurrencies that implement masternodes into their protocol. Learn more about cryptocurrency and what you should be thinking about this year below:

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Bitcoin to Close 2021 Above $30,000
Many experts believe that Bitcoin will close 2021 above $30,000. This might look like a somewhat conservative number in the eyes of many cryptocurrency enthusiasts, but if we look at the runup that occurred at the end of 2020, it makes sense. Prices don’t go up forever. Recent price trends support this prediction. Bitcoin isn’t the only cryptocurrency with theories surrounding it – many believe that Stablecoins is set to lead the way. While many experts still focus their efforts on Bitcoin prices and trading volume, it’s worth noting that Stablecoins are a leading entrypoint for wider adoption.

CBDCs Launching Soon – Which Nation Will Be The First?
The rise of CBDCs has been no secret, and it is set to launch soon. The exact timing of the launch is yet to be revealed, but efforts are underway across the planet – which nation will deploy this cryptocurrency first? It’s a mystery. There’s a lot we don’t know, but we do know that these concerns around privacy and security hint at exciting times ahead.

Blockchain To Expand Beyond Financial Services
You may have also heard that Blockchain is going to expand far beyond financial services. Some people are surprised by this information, but Blockchain is moving into the mainstream in 2021. Healthcare, transportation, and logistics are just a few of the areas that may benefit from wider blockchain adoption and implementation, thanks to the unparalleled security features and fraud-proof process.

An Exciting Future For Cryptocurrency and Blockchain Ahead
No-one can predict the future to the letter, and attempting to do so is a little risky. However, we can look at past cryptocurrency trends and get a fairly good idea of what is waiting for us. We can safely predict, however, that 2021 will continue the breakout trends for crypto assets and blockchain technology. You should absolutely pay attention to cryptocurrency in 2021 if you haven’t been thus far. This year is set to be exciting and dynamic, and the future is certainly looking bright for continued growth of cryptocurrency and Blockchain.

Staying Safe In The Snow This Winter

A key focus of my blog is Health/Wellness. If you live an a region where there is a winter season, it’s important to understand how to manage in that weather which at time can become very adverse. The following contributed post is entitled, Staying Safe In The Snow This Winter.

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There’s lots of fun to be had when it’s snowing from tobogganing to snowball fights. However, it’s also important to stay safe in the snow – the ice and the cold weather can lead to an increased risk of accidents and health issues. Below are just a few tips for staying safe when it snows.

Dress appropriately

Wrapping up warm is essential when it starts to snow – fail to layer up and you could catch hypothermia (especially if you’re outdoors for long periods). Invest in winter clothes if you haven’t got any already. A hat, scarf and gloves could be essential on top of a thick winter coat. If you plan to exercise outdoors, consider thermal exercise gear that will keep you warm while still being breathable and light.

Your footwear also matters. When it snows, the ground can also get very icy, so you should opt for footwear that has a good grip to avoid falls. These ice cleats from Icetrax could be a great option for stopping you from slipping. Thermal socks will meanwhile keep your feet from getting too cold.

Drive slowly and carefully

Road accidents often increase when it has snowed. The presence of black ice can lead to skidding and can be a major problem. Visibility could also be greatly increased when driving during snowfall.

Drive slowly and avoid sharp turns. Braking distances can be ten times greater in snow and ice, so leave plenty of room apart from the driver in front.

Make sure that your windscreen and windows are completely de-iced before you start driving – even if you’re in a hurry, you don’t want to risk getting in a crash because you can’t see properly. Full beam headlights may be necessary to see through the snow and you may want to use your fog light in a heavy snowstorm.

When possible, stick only to short distances and roads that you know. If it is snowing heavily and the journey is not mandatory, it may be better not to drive at all until the snow has cleared. This guide at CarAndDriver offers more tips for driving in snow.

Prepare your home for the snow

Snow and ice can also cause damage to homes. There are cases where this can be dangerous. For instance, a weak roof may collapse if there is too much snow on it.

It’s good to make exterior repairs in advance before snow has a chance to arrive. This could include repairing a damaged roof or damaged guttering that could collapse under the weight of snow. Cracks in your home could also be made worse if ice gets into them so consider sealing any serious cracks up before winter arrives.

You should also be careful not to slip on ice around your home. If you think it’s going to be a frosty night, consider spreading some grit on your driveway and on any steps so that they don’t get icy. Buy this grit in advance so that you’ve got it when you need it.

How Remote Work is Changing Home Safety

Two focuses of my blog are Technology and Workplace Discussions. The implementation of the technologies that we now have, have significantly changed the workplace so that remote working is increasingly the norm. The following contributed post is entitled, How Remote Work is Changing Home Safety.

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It’s official – we’re living in the age of the remote working shift. Admittedly, this change has been bubbling away under the business surface for a while now but, with many companies having to shut shop, more of us than ever have found ourselves in home offices overnight. And, according to around 74% of firms, this is a change that’s set to stay.

After all, remote workers are famously more productive, while a reduction in office hours can mean reduced costs in everything from bills through to rental costs. The only trouble is that, as the ways in which we use our homes change, so too do the security risks we face. While theft avoidance has always been a priority of sorts, the majority of us have been relatively relaxed with safety measures. Now, home safety becomes a must as thieves from all sides take advantage of this home office phenomenon.

Here, we’re going to look at what exactly those risks look like, and how you can protect against them.

Soaring cybersecurity breaches

Perhaps the most notable security change has occurred in the cyber-sphere, where there’s been a 400% increase in attacks over the last twelve months. This isn’t altogether surprising considering that businesses are operating almost solely online right now. With malware in the right places, hackers can quite literally access entire infrastructures.

The good news is that businesses are responding with in-house cybersecurity efforts including cloud computing and end-point networks. Still, there’s nothing to stop attackers accessing your personal network. Hence, now is the time to arm yourself, not only with knowledge but also that anti-virus software that you’ve never felt the need to get around to until now.

More valuables than ever before

Many of us also now have a whole lot more valuables at home. At the very least, we’ve had to bring work computers into home offices. Not to mention that our cars are sitting on the driveway for longer. All of this means that thieves are guaranteed to get away with more.

Now could, therefore, be the ideal time for increased home security. At the very least, CCTV alarm systems could keep your vehicles safe. Meanwhile, in-house protections like floor safes can ensure that no one gets away with your all-important work valuables. That way, you can save yourself money in replacements and lost working hours!

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The risk of complacency

Alongside these risks is one that proves equally problematic – complacency. After all, we’re each home a lot more now, and you may assume your presence alone is enough of a protection. Sadly, someone is home in around 266,560 of household burglaries. Separate home offices in the garden are especially problematic, as thieves who keep a close eye will be able to gain access the moment you head off for your lunch break.

To avoid this eventuality and the shock that it can bring, remember that you are not an island. Rather, you need security measures in place to keep you safe, even when your back is turned!

How To Try and Identify a Career Path

Two focuses of my blog are Career Discussions and General Education. One of the most important decisions you will make for your life is the career path. It will affect both your personal fulfillment and it will impact other aspects of your life. The following contributed post is entitled, How To Try and Identify a Career Path.

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Figuring out your career path can be very challenging. Just think about how many options there are! If you are someone that is considered indecisive, it can be a real battle to find, and stick with, one particular field of study and, or job. Still, the fact that there are endless opportunities out there should be something that brings everyone joy.

But despite the number of opportunities out there, you still have to try and decide what job is right for you. Do you want to be sitting at a desk all day? How about using heavy machinery at the crack of dawn? And that is just the tip of the iceberg.

With that being said, there are definitely some careers people can immediately cross off the list when trying to find a starting point. If you faint at the sight of blood, becoming a doctor is probably not the right path. Hate working with numbers? Do not look into becoming an accountant or statistician.

Still, the point is that you should try and coincide your passions and interests with what you will be doing day in and day out. For example, if one of your core beliefs is to help people, maybe you want to look into the great career of social work ( you can learn more about a social work degree here).

In the same breath, it is worth mentioning that some people would rather try and have a career that can promise the most money. Going to law school and becoming a lawyer may not be the most fulfilling for someone, but if their main objective is to maintain a career with a constant flow of a high amount of income it could be just the job for them.

But even if money is the motive, it is still important to try and find a career that will make you excited to go into work. As the old saying goes, money doesn’t buy happiness. In a sense that is true, but in the same breath, money can make things a lot easier. And according to some studies, there is a threshold where money does stop bringing about happiness.

And yes, it is obviously important to find a job that gives you enough income to live a normal, sustainable life. No one wants to be grinding their tail off just to end up living in a run-down apartment where hot water is as rare as winning the lottery.

But at the end of the day, whether or not you can find a great career path for yourself is up to you. If you want to live in a world where you are paid scraps but love doing your job every day, more power to you. If you want to grind yourself to a nub just to make as much money as possible for you and your family, that is your decision.

Either way, it all comes down to your choices. You may have a lot of questions on where you want to go in life, but there is only one person that can answer those questions: you.

5 Best Cybersecurity Tips For Small Businesses

Three focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. With more business being conducted in cyberspace, the need for effective cybersecurity is of the utmost importance. The following contributed post is entitled, 5 Best Cybersecurity Tips For Small Businesses.

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It is a big mistake to think that owning a small business reduces your risks of a cyber attack. And this erroneous mindset can cause budding entrepreneurs to compromise their cybersecurity practices. In fact, the United States’ Congressional Small Business Committee discovered that 71% of cyber attacks were targeted at businesses with fewer than 100 employees. Learning Cybersecurity Basics can help you run your business smoothly despite the rampant cyber threats seen in the current season of the pandemic. On that note, here are five of some of the best cybersecurity tips for small businesses.

1. Use a firewall

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A firewall may act as one of the first security layers on your business. According to the Federal Communications Commission (FCC), all SMBs need to set up firewalls to create strong barriers between their organizational data and cyber-criminals. It’s also necessary to add an internal firewall, even if you have a standard external firewall. Ensure that your employees who are now working from home due to the Covid-19 pandemic use firewalls on their home networks. In general, firewall software can greatly improve your business’ network security.

2. Document your cybersecurity policies

Revamping your organization’s cybersecurity culture starts with documenting your cybersecurity protocols. The SBA’s portal provides tons of useful information on how small business owners can protect their online businesses. Consider taking part in the C3 voluntary program for small businesses, as it offers a detailed toolkit for the best cybersecurity protocols and practices.

3. Develop a mobile device action plan

As much as they account for a large portion of web traffic, mobile devices may also create significant security challenges. That’s if they contain personal information or gain access to corporate networks. Management needs to configure systems requiring all users to password-protect their devices. You may also want to ask your team to install security apps and to encrypt their data. These can bar cyber-criminals from breaching employees’ mobile devices when they are connected to public networks. Create a mobile device action plan by laying down reporting procedures for stolen or missing equipment.

4. Use complex passwords and multiple-factor authentication

Ask your employees to avoid costly password mistakes. For example, encourage your employees not to reuse their passwords but instead to use strong and unique passwords. You can also consider implementing multi-factor authentication codes such as 2FA; these will demand extra information beyond passwords when unauthorized users attempt to log in to your systems. Find out from vendors who handle sensitive information if they can help you set up multi-factor verification codes for your business accounts.

5. Train employees on cybersecurity principles

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Finally, outline basic cybersecurity principles and practices for your workers to observe. Establish an effective internet usage guideline, and spell out the penalties associated with workers who violate your company’s cybersecurity principles. Management can create rules of behaviors detailing how the business protects customers’ valuable information.

Backup your essential business data along the line as you implement all effective cybersecurity measures. Automatic backups can safeguard your financial files, word documents, and other critical databases.