Contributed Posts – Page 70 – The Big Words Blog Site

How To Create An Effective Investment Portfolio

“You should always be trying to grow your money as much as you can. The more you can grow your money, the less money you need to earn to pay your bills. The less money you need to earn to pay your bills, the more free time you have to do what you love.”

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A key focus of my blog is Financial Literacy/Money. One of the keys to money is generate returns from your investments. In order to do that, you must understand how to create effective investment portfolios. The following contributed post is entitled, How To Create An Effective Investment Portfolio.

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You should always be trying to grow your money as much as you can. The more you can grow your money, the less money you need to earn to pay your bills. The less money you need to earn to pay your bills, the more free time you have to do what you love. That’s invaluable. With that in mind, here are some tips on how to create an effective investment portfolio.

What is an effective investment portfolio?

An effective investment portfolio, quite simply, is an investment portfolio that works for you. It can be inspired by what other people do. It should, however, indeed must, be driven by your personal situation. That means your needs, wants, goals, budget, and timescale.

Educating yourself

Professional financial advisers may dive deep into intricacies like GIPS performance, investment ratios, and statistical probabilities. For everybody else, however, it’s usually enough to grasp the basic mechanics of the main forms of investment. That should be enough to get you in the right general direction. You can then study the specific topics that interest you.

You may also want to take a look at the strategies used by high net worth individuals to develop and maintain their portfolios. There are definitely a few lesser-known tips that will catch your attention. Consider people like Sean Casterline to research and learn more from where possible.

There is, however, one lesson you can take away from professional financial advisers. They never beat themselves up over past mistakes. Every investor has at least one story about an asset they should have bought. If you start investing, you’ll almost certainly pick up at least one yourself. Learn from your mistake but let it go.

Understanding liquidity

Liquidity basically means how easy it is to buy or sell an asset. This influences how far ahead you need to plan if you want to purchase or dispose of an investment. Tangible assets tend to be relatively illiquid. Real estate is particularly illiquid. It can take weeks if not months to buy or sell a property and there are often high costs involved.

Stocks, by contrast, tend to be fairly liquid. That said, there can be a lot of variation in their liquidity. It’s also important to note that trading stocks also incurs transaction costs and possibly taxes as well. Generally, therefore, your aim should be to buy and hold for as long as possible, rather than to buy and sell.

Understanding growth versus yield

Some investors aim to buy assets with a view to selling them, or part of them, when they have increased in value. Other investors aim to buy assets that generate an income (like rent or dividends). Many investors aim to do a combination of both although not necessarily in an exact 50:50 ratio.

It is, however, important to understand that, in the stock market, growth comes at the expense of yield and vice versa. Essentially, a company can either use its resources to grow or give a yield to investors. With tangible assets like real estate, however, you can have both growth and yield.

Understanding risk

A standard disclaimer in investing is that you may get back less than you invested. This is true and it’s why you should only invest with money you can afford to lose. It’s also why you should diversify your portfolio to spread your risk.

Realistically, however, if you consistently pick solid investments, you should expect to make decent returns over time. You will, however, probably need to ride out temporary downturns. It’s important to be prepared for these both financially and mentally.

5 Ways To Advance In Your Career

Two focuses of my blog are Career Discussions and General Education. Once starting a career, if it’s going to be your life’s path, you must think about advancing in your career. In many instances it’s not as simple as it sounds. The following contributed post is entitled, 5 Ways To Advance In Your Career.

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It’s always going to be the case that you’ll want to get ahead in your career. If you want to earn more or get a promotion, you need to be thinking about how you’ll progress. But it can be hard to work out how. Whether you’re in the digital world or not, there are a few ideas that can really help you. Let’s take a look at what you can do to get ahead at work.

1. Build A Personal Brand

First of all, you would definitely benefit from having your own personal brand in place. Think about how you can build up a reputation for yourself in your field. It’s a good idea to take a look at your reputation score and work out what you need to do to be able to position yourself as an expert. And, remember that this is going to take time and won’t be an overnight fix. But building it can certainly help your career to grow over time.

2. Improve Your Skills

From here, you might also want to make sure that you’re always working on your skills. If you want to get ahead, you might need to develop your skills to help you get there. There will be things that you can do that apply to your set field that will help you to get ahead. So start to work out what you can work on to grow and learn so much more.

3. Network

Next, you’re going to want to make sure that you’re networking. When it comes to things working out, you’ll need to be sure that you’re meeting the right people and making connections. You never know what opportunities can come your way because of this. So connect online and put yourself out there.

4. Get More Education

From here, you’re then going to want to think about your education. Because you might need to get a PhD or master’s in order to move to the next level. Maybe you even want to move industries or something similar? It could be the case that you really will need to get more education in order to effectively advance your career.

5. Put Yourself Out There

Finally, you’re going to want to make sure that you’re putting yourself out there a bit more. It could be the case that you just need to have more confidence and go after different opportunities. Sometimes, you hold yourself back because you’re afraid of failure or things being hard. But if you don’t ask, you won’t get. And what’s the worst that can happen? As long as you’re thinking outside the box and being creative, you’re definitely going to make it work for sure.

It can often seem like you don’t know where to go next with your career, but you can certainly turn things around by being a bit more focused and having a plan. So have a go at one of these options (or all five) and see if it finally pays off for you!

Smart Home Renovation Ideas To Increase Your Home Resale Value

Two focuses of my blog are Home/Living and Home/Property Discussions. When you purchase a home and own it for some time, a key consideration is reselling it depending on you individual life and trajectory. The following contributed post is entitled, Smart Home Renovation Ideas To Increase Your Home Resale Value.

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What if you could boost your home resale value by 5%? While this seems small, that is approximately $16,000 on the average $374,000 US home. Statistics have shown that about 69% of US households have at least one smart home device, while 12% have more. Smart technology is now a mainstay, and incorporating it in your home renovation will significantly increase its resale value. Fortunately, there are many other upgrades you can increase your home’s resale value while adding functionality. Here are a few strategic home upgrades you should consider to achieve this.

1. Revamp your kitchen

The kitchen is one of the important places in your home and can use an upgrade. Enhancing your kitchen with a modern look will improve its value significantly. You may want to consider ditching a dull color for a more neutral one, for example, white, to attract more potential buyers. Additionally, you should go for suitable materials if you intend to replace them rather than a simple restore. Using suitable material can increase your home value by almost 20%. Other upgrades such as granite countertops can increase your home value significantly, yet they quickly build up your home renovation cost. You may have to complete a cost vs. ROI analysis before making a decision.

2. Go for a bathroom upgrade

Like the kitchen, an outdated bathroom can affect the overall value of your home. Refurbish your cabinets and avoid passé colors and wallpapers. Your bathroom can include eco-friendly toilet installation. However, take note that not every feature requires replacement or change. For new build construction projects, ensure to include items that add personality and uniqueness to your home, like modern bathroom doors. You can likewise maintain swan handles and crystal beaded tiles.

3. Secure your entryways

The various entryways into your home are a vital aspect that affects the value of your home. Understandably, a house with weak entryway security would have less value than one with sufficient and robust security. Therefore, you should consider functional and adequate security measures. For example, you can install a video doorbell to monitor and record activity around your entryways or an alarm system to alert you of intruders. These smart technologies keep you connected to your home even when away, adding functionality to your home.

4. Add some energy-efficient fixtures

Nothing turns away a potential buyer than old energy-consuming devices. For example, although air conditioning is excellent, it may increase your energy bills. Therefore, installing a ceiling fan allows the potential buyer to select a more energy-efficient choice, which increases your home value. You can consider installing energy-efficient products like a smart thermostat, energy monitors, and renewable energy sources such as solar panels. Energy-efficient fixtures aren’t only great for reducing your energy bills and improving your impact on climate change, improving your indoor condition and energy consumers’ price risks.

Implementing these home renovation ideas will fetch you a reasonable price for your home in today’s market.

Realistic Ways To Make Money Online Right Now

Three focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. In today’s digital world, there lots and lots of tools which to make money. The following contributed post is entitled, Realistic Ways To Make Money Online Right Now.

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The internet has revolutionized the way we live, including how we work and generate revenue. From remote working to side hustles, there are a variety of ways that you can make money online. However, it’s important to know which opportunities are the most lucrative and which offer the fastest returns. To get started, take a look at these four realistic ways to make money online now:

Become an Affiliate Marketer

Using your online presence to promote products, services or brands can be an easy way to make money online. Depending on your reach, businesses will be keen to work with you so that they can fast-track their access to their target audience. In return, you’ll receive a flat fee for advertising and/or a commission for sales that take place via the links you post.

Of course, you do need to have a significant online audience to make affiliate marketing work for you. If you have a blog, vlog, or your own site, this can be a lucrative and speedy way to generate revenue online.

Build a Community

Launching your own online community gives you access to a variety of monetization options. With a dedicated platform from Disciple Media, for example, you can implement membership subscriptions, release exclusive paid-for content, attract sponsorship, and much more. In addition to this, creating a thriving online community enables you to build a network around something you’re particularly interested in. Whether it’s fitness, music, business, or anything else, sharing your interests and expertise ensures that the process is enjoyable as well as profitable.

Start an eCommerce Store

Selling goods online can be a viable side hustle or even a startup business. With access to existing online marketplaces, you can maximize your reach instantly and sell globally. What’s more – drop shipping means that you won’t even need to warehouse goods or implement inventory management processes. Instead, you’ll act as a ‘middleman’ and forward orders to existing fulfillment centers as soon as your customers make a purchase.

Create an Online Course

The online learning revolution is already upon us, and you can start generating revenue from it by creating your own online courses. Using your professional skills or hobbies and interests as the basis for your courses, you can attract students and learners from all over the world. Many course providers have templates available, so creating content can be easier than you think. Furthermore, the option to release eBooks and subsequent top-up courses means you can create a long-term revenue stream.

Can You Make Money Online?

Absolutely, providing you use the right tools and techniques. The internet is a fantastic place to earn money and there are numerous ways you can generate revenue online if you are truly serious about doing so.

However, the marketplace is competitive, so you’ll need to be proactive about finding the right methodologies and monetization techniques if you want to be successful. With a little research and the right platforms, you’ll kick-start your online career and maximize your success from the outset.

Niche Business Ideas To Take To The Bank Right Now

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. You may be trying to determine what the most clever business ideas out there are. There are several which others haven’t thought of and are still profitable. The following contributed post is entitled, Niche Business Ideas To Take To The Bank Right Now.

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If you are thinking of starting your own business so that you can be your own boss, and hopefully find financial freedom, one thing you may be struggling with is choosing the right niche to operate in. Business ideas and niches are, after all, endless, so it can be difficult to know which one to choose if you want to maximize your potential and create a winning business.

With that in mind, here are some niches that are doing really well right now, and which are likely to continue to do so in the future. If you don’t want to start a business directly within these niches, they should at least give you a starting point when it comes to thinking about what consumers are interested in right now…

Wellness

The wellness industry is a big deal right now. In fact, it has been estimated to be worth around $1.5 trillion globally, which means it obviously has huge potential. Not only that but there are many smaller niches that come under the wellness banner, so whether you want to invest in a gummy maker machine to create your own CBD supplements, start selling healing crystals or set up your own yoga and meditation studio, there are endless options available to you!

Skincare

Some would argue that this could also go under the wellness niche, but skincare has seen a huge explosion in recent years, so I think it’s worth separating it into its own thing. How can you turn it into a business? The easiest way would be to use private label services to create your own skincare brand (organic and natural are particularly in right now) but you could also set up an eCommerce store selling various other brands’ products, or maybe you have a neat idea of your own?

Plastic-free

As the effects of climate change become ever more evident, more and more consumers are changing their shopping habits to help the environment. One of the biggest trends to that aim is the plastic-free movement whereby customers are looking to buy products that contain no plastic components, and which are also free from plastic packaging. This is a particularly good business niche to get into because it is really easy to take all manner of products and remove the plastic from them to target a more specific niche, which one you choose will depend on your personal preferences, the market you are looking to break into, and which products have not already saturated the plastic-free market.

Rentals

From high-end designer clothing to lawnmowers and DIY equipment, if people need to use it on an ad hoc basis, you can probably set up a business renting it out for a fee. It’s ethical, sustainable, affordable, and the future of doing business for many people, so why not get in on it now while there aren’t a whole lot of competitors doing it?

Hopefully, these niche businesses have given you a better idea of what is possible, and saleable in 2021 – I wish you luck with your new business venture.

5 Ways You Can Improve The Way You Manage Commercial Real Estate

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. If you have the proper systems in place, commercial real estate can be very lucrative for you. You always want to consider better ways to manage your properties. The following contributed post is entitled, 5 Ways You Can Improve The Way You Manage Commercial Real Estate.

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Commercial real estate provides a wide range of investment opportunities. It can be a great area to branch into, but it does come with a lot of challenges too. Even if you have a background in residential real estate, commercial ventures can become an entirely different ballgame.

Finding more effective ways of running your real estate venture can help you stand a better chance of success. Take a look at these five ways you can improve the way you manage commercial real estate.

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1. Stay up to date on the latest trends
If the past year is anything to go by, it’s important to do your homework when it comes to real estate. Keeping on top of what’s going on in the industry can help you be better prepared for future commercial real estate challenges, while also learning lessons from others to help you adopt best practice.

2. Be more diligent with checks
Carrying out credit and background checks is an important part of commercial real estate leasing. Just as you would with residential tenants, you need to make sure these checks are carried out to give yourself as much protection as possible. After the events of the past year, it’s even more important to ensure that tenants have security and income guarantees.

3. Use lease accounting solutions
There are a lot of processes that need to be carried out to manage your commercial real estate venture. Using lease accounting software can help you make lighter work of your accounting, ensuring your records are kept up to date. With many areas of compliance to meet, this can be a much easier way of maintaining multiple accounts.

4. Reserve capital to cover vacancies
The world of real estate can be unpredictable. For commercial real estate businesses, nobody could have predicted that properties would become vacant on a large scale, with many businesses getting rid of their spaces altogether. It’s a difficult time, and many real estate managers have suffered by not having enough capital in reserve in case of vacancies. To protect your business going forward, you need to have a contingency.

5. Take on a more active role
Effective relationships are key for lasting real estate partnerships. Taking on a more active role when it comes to clients can help you be more visible, while also ensuring you know what’s going on. While nobody is expecting you to manually fix the plumbing or take care of maintenance, it can bring you a lot of benefits to put in more face-time with your clients and maintain better communication.

While the industry is currently facing a lot of challenges following the pandemic, there is still a bright and optimistic future for commercial real estate. Focusing on how you manage your business and how you can take it forward can help you secure its future, ensuring it remains a profitable investment for you.

Six Weeks To Learn SEO Strategies

Three focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. In today’s digital world, if you have some sort of online presence, you will come into contact with the field of “Search Engine Optimization” or SEO for short. Whether you’re a blogger, a YouTube content creator or if you own a business, you need some understanding of this field. The following contributed post is entitled, Six Weeks To Learn SEO Strategies.

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SEO is a complex set of strategies that you need to learn to rank higher on search engines like Google. But there is hope! This blog post will discuss SEO concepts, tools, competitor analysis, keyword research, link building, local SEO, and measuring your success with these strategies. By following the six-week plan outlined here, you’ll be well on your way to mastering SEO techniques for any website.

Week 1- SEO Concepts

The first week of the six-week SEO learning plan covers how to use a few basic concepts and tools. The most significant idea is that search engines can’t read HTML, so you need to write your content in a way that crawls it correctly.

You have two options for writing web pages: validate HTML or write XHTML syntax (XHTML is newer). Validate HTML will help catch errors on your page, while XHTML has fewer mistakes because it’s stricter with its coding requirements. So if you’re using an old-style webpage editor like FrontPage 2003, then make sure to convert code from validating HTML into XHTML before publishing them online.

Week 2- SEO Tools

SEO is all about the tools. Tools can help you do everything from keyword research to checking backlinks and anchor text, ranking your pages higher in search engines, monitoring rankings around the clock, analyzing social media mentions of your brand or product on a platform like Facebook. Here are some great SEO tools that will make it easier for beginners to get off the right foot!

Tool One: Keyword Research Tool- This tool helps with brainstorming keywords related to any topic and provides information such as global monthly searches (GMS) and word count estimates. It also provides links to similar keywords which may be more popular than the ones initially selected

Tool Two: Backlink Checker- With this tool, you can find out who is linking to your competitors and see how many links they have. It also helps with the analysis of anchor text by telling what percentage of backlinks are from external domains

Tool Three: Rank Tracker- A rank tracker tracks where a web page ranks in search engine results pages (SERPS) for specific keywords or phrases, helping you determine which content on your site needs improvement

Tool Four: Social Media Monitoring Tool – It allows brand managers to monitor mentions across social media platforms such as Twitter and Facebook so that responses are timely

The tools shown here will make SEO much easier for beginners. They provide information like GMS, word count estimates, keyword popularity rankings related terms, and others.

Week 3 – Competitor Analysis and Keyword Research

An excellent way to get started is by tailoring your content strategy for what people are looking for. This research will tell you which keywords have the most competitive and where you should focus your efforts.

Google Analytics can help with this task, but always use more than one tool to ensure that you’re making an accurate assessment of a keyword’s search volume and competitiveness. Tools like SEMrush offer valuable stats such as clickstreams from Google Search Console or Adwords Keyword Tool data about how specific competitive phrases are over time.

Look at both high-volume terms and synonyms. Don’t try to rank on too many different long-tail phrases simultaneously. Instead, focus on getting to rank quickly on one word before moving onto another term.

Week 4- Link Building

Link building is the process of getting backlinks by creating content on your website that other people want to link to. For this strategy to work, you need a strong marketing campaign with compelling reasons why they should share and promote your content rather than someone else’s.

For example, if you write about how important it is for small business owners to start using Twitter in their social media marketing plan, find experts who agree with you. Then, interview them and create an article around what they have said. When people come across it online or read more information about the subject from these sources (or hear it as part of a podcast), they will go back towards your website because there has been such an effective promotional push behind it.

Week 5-Local SEO

When you are looking for an SEO strategy that will be most effective in your region, it can be complicated knowing where to start. It’s tempting to use the same methods as everyone else and hope that they work for you too, but this could mean missing out on much more targeted approaches that would have better results! So instead, you can Check out this post by FAT JOE for even more detail on how to optimize your eCommerce website; it will be an excellent place to start.

Week 6- Measuring SEO

There are many ways to measure your success in Search Engine Optimization (SEO), and understanding how the different metrics work will help you know what needs changing when things aren’t going as well as they should be. But, of course, the easiest way to start with measurements is by looking at your traffic.

For a website owner or professional marketer to know if their site is optimized effectively, they need some tool or analytics software installed. It will give them all sorts of data points about where visitors came from and which keywords they used in searches leading up to those visits. Some people will have access to this information from their website hosting company, but many will need a tool like Google Analytics.

Google Analytics is free and easy to install on your site with just one line of code added. It comes in two types: basic and advanced. The only difference between the two is the number of features available for each class. So if you’re not sure what kind of data you want or how much analytics experience you can handle, then go with the standard version first, which should give enough insight into where things might be going wrong before upgrading to get more in-depth results.

Conclusion

In conclusion, the key is to be patient and experiment with the various SEO techniques. If you are looking for more information on learning SEO strategies in six weeks, you can start with these six essential lessons.

Buying And Caring For Your Golf Bag

A key focuses of my blog is Athletics and Sports. Golf is a widely popular sport in the modern age. It is however a sport that requires several accessories to participate in and one is your golf bag. The following contributed post is entitled, Buying And Caring For Your Golf Bag.

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Golf bags are widely available nowadays, with so many different designs and styles to choose from. However, purchasing a golf bag is something that requires more consideration and research than a lot of people realize. With that being said, read on to discover some common errors to avoid when purchasing.

One of the biggest mistakes people make is buying a golf bag that is not right for them. Whether you walk the course or use a cart will determine what type of bag you go for, but this is something a lot of people overlook. Cart bags have been specifically designed to be placed within the cart while offering easy access to the pockets. However, stand bags are great for those that carry their bag, as these bags can be placed upright for easy access to clubs during rounds.

Another common blunder when buying a golf bag is simply purchasing the cheapest one you can find. You get what you pay for when it comes to golf bags. And, while you don’t need to break the bank, if you simply look for the cheapest bag on the market you are almost certain to suffer at the hands of a lack of quality. This will cost you more in the long run, as you will need a replacement. This professional golfer would tell you that cutting corners rarely works out!

Last but not least, overlooking the weight of the bag is another mistake, especially if you are going to carry the bag. You don’t want to make your life any more difficult than it needs to be.

How To Care For Your Golf Bag

Golf bags have long been popular. If you have been playing golf for a while now and you want to make the most of your bag, you will need to look after it properly. Read on for some basic yet effective tips.

The good news is that golf bags do not require a huge amount of care, however, if you do neglect to look after your golf bag, it will deteriorate. So, it is important to follow these steps. Firstly, whenever required, use a damp towel to clean your bag so that you can get rid of any debris, pollen, or dirt. You also need to be mindful regarding what you put in the pockets of the bag and how long you leave them there. For example, you need to avoid putting wet things in your bag, as this can lead to mold. Instead, if anything gets wet during a round, remove it from the pockets, and clean it. Once it is completely dry, you can then return it to your golf bag.

Finally, you need to store your golf bag correctly if you are to protect the lifespan of it. Choose a place where it will not get covered in pollen or dust or get dirty. It is also a good idea to use a sheet of plastic or even a trash bag to cover your golf bag, as this stops airborne particulates from accumulating on your stuff.

Working From Home: How to Improve Your Wellness

Three focuses of my blog are Career Discussions, Health/Wellness and Technology. Working from home has its advantages. While it was sparse years ago, more employers will be allowing it in the coming years even after the pandemic has subsided. There are drawbacks to it though that everyone should be aware of. The following contributed post is entitled, Working From Home: How to Improve Your Wellness.

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One of the ways that COVID-19 has impacted everyone’s lives is the need for many people to work from home. Once-flourishing offices have become desolate as many workers got told to work remotely using their home Internet connections and computers.

If you’re one of those individuals, you will be undoubtedly experiencing the challenges that working from home brings, such as loss of focus or concentration due to other family members being at home too.

You will probably feel somewhat isolated from your colleagues, and due to “stay at home” orders frequently produced by the government, your social interaction with friends has also been affected.

The purpose of this article is to give you some inspirational ideas and tips on how you can improve your wellness while you’re working from home. Here’s how you can look after yourself during these trying times:

Look For Ways To Relax

It should be no surprise that some folks develop anxiety and depression due to feeling isolated from their colleagues, friends, and extended families. With that in mind, you need to look at ways to help you feel more relaxed and not feel anxious about being at home.

As you can imagine, there are several methods that help which you can pursue. For example, you could consider using hemp extracts from places like bloomfarmswellness.com to aid relaxation, or you could look at using essential oils like lavender or chamomile. Some people find the ritual of making a real cup of coffee, laying out the coffee tools, grinding the beans, etc., before drinking a cup, to be surprisingly relaxing too.

It might take some experimenting, but you’ll soon discover which methods produce the best results for your individual needs.

Stick to a Strick Work Schedule

When you worked at your office, you would start and your working days at specific times. The only difference between then and now is that you’re working from home; you still need to carry out the same work as before.

You need to create a strict working from home schedule and stick to it with that in mind. For instance, you should make sure you’ve had a shower, got dressed, and eaten your breakfast by a specific time so that you’re ready to begin your working day.

Another point to remember is that your time for stopping work should always be the same. Don’t get tempted to overrun and work for a few more hours “because you’re working from home.”

When you create a strict schedule, you will ensure that you have time to maintain your family time or do things around your home. If you let work take over your life at home, you’ll negatively impact your wellness, and most areas of your life will suffer as a result.

Increase Your Contact With Family and Friends

One final tip to consider is increasing the amount of time you spend in contact with your family and friends. That might not be possible to do in person due to COVID-19 restrictions, but that doesn’t mean it’s impossible.

The obvious solution is to use technology like Zoom to have video chats with your loved ones. Check out zoom.us to find out how to use the technology and set up an account. If some people don’t have Internet access, there’s always the good old-fashioned telephone!

Tips To Make Your Money Go Further

A key focus of my blog is Financial Literacy/Money. A key aspect of your financial health is the management of your money. Proper money management can actually stretch it out. The following contributed post is entitled, Tips To Make Your Money Go Further.

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Everyone wants to make more out of their money. If you can make your income go that little bit further, then you will be less stressed and more able to make better life choices. That means that you may even be able to invest and make that little bit you have managed to save grow and offer you a brighter future. Let’s face it, the more money you have, the better your potential for an easier life. However, just as true is the more you put into protecting the money you have, the more your peace of mind. It does not matter what you have. What really counts is how wise you are with what you have. A person on $15,000 a year may well be better off than a person earning $150,000 come an unexpected event if they are wiser. So, it’s up to you, but here are some tips on making your money go further:

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Budget and Save
A wise person will live within their means. Having debt can feel like a chain around your ankle and will definitely stress you out, which can prematurely age you. Stress can actually affect the health of your heart, and this can make it more susceptible to heart attacks too. So really, you want to avoid unnecessary stress. So, create a budget and stick to it. If you have debt, ensure that this is included in your budgeting scheme. Once you start living to your budget, you will be able to save and this is so important. Without savings, you have no protection if anything untoward happens. Additionally, you have nothing when you are faced with investment opportunities either.

Shop Around for Essentials
This includes everything from your phone contract, utilities, to the food on your table. If you can get the same or similar product cheaper, why would you pay more? It makes no sense. Go on to comparison sites and shop in budget supermarkets. Avoid unnecessary trips to the local store, where goods are generally more expensive, not to mention how much you will save on fuel too. There are many ways you can save on the essentials, so do some research and discover what’s best for you.

Investing
So you have started making better life choices and now have a fair bit of money saved, so what can you do with it? Well, you have many options. You could buy stocks and shares or invest in a crypto current, though you need to do your research, and you are best off diversifying any investment so if something goes down, you don’t lose everything. You can even invest in overseas opportunities using a ghana law firm, for example. You could even start collecting collectibles like wine or paintings. Whatever interests you, you need to do your homework to understand exactly what you are getting into.

Challenge Yourself
If saving is hard for you, why not create a little competition just for you. Like setting yourself up for a 30-day challenge. That way saving money can be made more fun!