5 Simple Rules For A Secure Retirement

5 Simple Rules For A Secure Retirement

There aren’t many people that think too carefully about retirement at the moment. People tend to want to live in the “here and now” instead of the “future and then” and while that’s nice for your current lifestyle, the days may be long but the years are short. Before you know it, you’re getting your retirement watch and a meal for your long service and then you’re stuck with a bunch of free time that you have no idea what to do with.

Saving for your retirement can take your entire life – however long that may be – but you should plan to be living well into your 90’s which means planning your finances to stretch you that far. The good thing is that investing in your golden years doesn’t have to be overly complicated. You want to move ahead into financial security and the faster you do that, the more secure your retirement years will be. By following the five simple rules below, you can sit comfortably when your retirement years finally arrive, knowing you have enough to keep you secure.

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Start Early. You may not be thinking about the future right this second, but you really should be. The more you set aside now, the bigger your returns will be later. Starting in your mid-twenties can feel rather organized, but this is the best way to behave when it comes to setting cash aside for your retirement.

Save, Save, Save. Ideally, you should be putting 10% of your earnings every month into a savings account. You can either let it sit there, or you can get some advice about investing it somewhere for a long-term investment from regulated Forex brokers. These guys can help you to work out what to do with your stack of money, so it’s earning back more for you than anything else.

Tax-favored Accounts. You could choose to save in a regular savings account which is taxable, but you could make a smarter decision and go for a retirement account that provides you with the right types of tax breaks. An IRA can put you in a better position later on in life.

Real Estate Investment. Where possible, try to save for a house of your own that – by the time you retire – is yours to have outright. Owning a house gives you a tangible asset and it’s going to pay you back in kind by the time you get to retirement and you choose to sell on.

Go For 4%. Ideally, you want to withdraw 4% of your total retirement account as your salary baseline. The remainder will continue to accrue interest as the time moves forward, and you can up the amount you withdraw in line with the rate of inflation.

 

Your retirement has to keep you warm, fed and clothed – and in golf clubs – so start early, invest wisely and save, save, save!

5 Reasons to Start a Nonprofit Organization

5 Reasons to Start a Nonprofit Organization

The first thing people might think when considering a nonprofit organization is “why? I want to make profit!”. However, that’s one of the biggest misconceptions about nonprofit organizations and it’s mostly due to the name. In reality, nonprofit just means that any profits you make from selling goods and services is cycled back into your business in order to achieve a mission. For instance, that mission might be to solve social problems like poverty, or it could serve communities such as becoming a club or church.

There are many reasons to start a nonprofit organization, so we’re going to go through a few of them in order to convince you to start one as your next entrepreneurial venture.

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  1. Specialized Support

One of the biggest benefits of becoming a nonprofit organization is the specialized support you get. For instance, you’ll find specialized IT support for nonprofits, you’ll get protection from personal liability and you may even receive government grants. The extra assistance you get will help you achieve your goals and ultimately boost your business.

  1. You Can Be Passionate

A nonprofit organization is excellent for anyone that has a passion for their community or a will to solve a social problem like disease, hunger or even offer education. If you’re passionate about something in the world, then you could potentially use a nonprofit organization in order to achieve those goals. It’s not for everyone, but it’s certainly one of the best ways to realize a passion or follow through with a life-long dream.

  1. Nonprofits Last A Long Time

Nonprofits will continue to exist even long after you leave because their purpose is always relevant. You’re not competing with other companies like a traditional business. Instead, your business will stay relevant especially if you’re successful at achieving your goal. A good example is the Kongō Gumi construction company in Japan, a nonprofit organization that was founded over 1440 years ago.

  1. Organized and Efficient

One of the best things about a nonprofit organization is the scale at which you can achieve your goals. You can be a huge global business yet still be incredibly efficient thanks to all the help you get. In addition, you’ll be surprised at just how organized you can be with external help from business advisors that aren’t trying to swindle you or compete against you.

  1. Employee Benefits

Employees in a nonprofit organization are likely to receive benefits that other businesses don’t. This includes discounts to their health insurance or even benefit programs that can convince them to stay onboard for the long run. There are countless advantages that employees will benefit from, such as working for a mission that helps the world or with a community issue, and they’re more likely to put in extra effort knowing that their cause is a just one.

As you can see, nonprofits have many advantages and there are plenty of ways to get started. As long as you have a mission you want to achieve, a nonprofit organization is a fantastic idea.

Should You Be Outsourcing?

Should You Be Outsourcing?

by Sharon Jones

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When it comes to business, you’ll always want to know that you’re running things as efficiently as possible. You won’t want to realize that you’re taking the long route or that you’re slowing yourself down. This can often lead to just so much stress. Because running a business can be a tough job in itself. So, on the flipside of that, you’ll want to think about what you can do to make your business efficient – and enjoyable to own! One of the things that can help you here, is the idea of outsourcing. When you outsource an area of your company, such as your customer service, finance, marketing, sales, or management, you’re bringing in an external company to run that thing for you. Or just do the work that you set them. Either way, there can be many benefits of doing it. Here are some for you to consider.

It Will Save You Time

The very first, and most obvious, reason for why you’d do this, is because it saves you a lot of time. When you are running things alone, you’ll often be trying to do too much at once. And this never helps anyone! In fact, it can just slow you down. But when you outsource, you freeing up more time for yourself and that’s often a big enough incentive in itself.

You Get Experts On The Job

Another selling feature is that by getting someone else to do the work, you’re harnessing their expertise. When you outsource, you should always choose experts in their niche. When you approach a company that’s skilled in golf course management, or bitcoin accounting, or customer service for the blogging industry, you know that you’re getting a guru on side. Sometimes, it’s worth paying for their experience and knowledge above all else!

You Can Put Your Time Into Things That Matter

When you’re handing work out to others, you get more freedom to allocate your own time. Now that you have less on your to-do list, you can get more done. You’ll be able to prioritize your work, put your time into the things you know you’re good at, or growing the business, and then get others to work on the rest.

It Will Save You Money

Sure, you will be spending money to get others to do work for you, but you ultimately save money in the long run. Why? Well, you have more time to work on the things that matter and experts doing a better job that you can, so your business is being run better and you have a much better chance at smashing your sales in the long run.

It Can Save Your Sanity

And finally, for a lot of people, this is going to be the most important part! Because when you’re trying to run a business, and you have a lot on your plate, it can drive you crazy. But when you outsource, you’re relieving that pressure. You have less to do, you have more time, you get a better job done, and you can focus on the things that matter the most – so, of course, you’re going to be less stressed. And what would be better than that?

3 Kinds Of Training For A More Efficient Workforce

3 Kinds Of Training For A More Efficient Workforce

by Lina Martinez

Image – Efficiency can be hard to pin down.

In business, a lot of what you achieve or don’t achieve comes down to the workforce. The people you have hired are the ones actually doing the work, and you need to make sure that they are doing it as well as they can. Of course, there are so many sides to making sure of this that it is hard to make sure that you are doing it right at all times. But if you are in need of a boost in this regard, one of the first things to look into is the training that you are giving your people. You need to make sure you are training them well, often, and that you are training them in the right matters as well. In this article, we are going to discuss three kinds of training which are likely to be especially important if you want your workforce to be that much more efficient.

Software

Firstly, like any other business you probably have a huge focus on the software that you use. In all likelihood, you need to make sure that you are using it in the right way, and that your employees are using it in the right way, if your efficiency is to skyrocket. In order to do this, it absolutely helps if you give your people frequent and thorough training on the software they use. But make sure that it is the right software, and that it is being delivered by the best people you can find. If your main software is Excel, for instance, then finding a top quality Excel consultancy is the way to go to ensure greater efficiency. You might be surprised at what a difference this can really make, so it’s worth giving it a go.

Problem Solving

The more creatively and intuitively your employees can solve problems, the more efficient the business will be as a whole. This is because, in a sense, all you are ever really doing in the workplace is solving problems. If you can find a way to encourage your employees to be better at problem solving, then you will be able to get much more out of them, and you will have a much greater efficiency in your business on the whole. Again, the way to achieve this is with the right training, delivered by those who really know what they are talking about. Do that, and you will notice a marked improvement in no time.

Waste Management

A huge part of gaining greater efficiency in the workplace is managing and reducing waste. If you can make this the responsibility of everyone, then it is much more likely to go well, so you should consider training everyone in this as well. Go for the best here – go out and hire some Six Sigma type trainers, and you will find it makes such a huge improvement to your business that you will wish you had done it much sooner. Do this, and your efficiency will spike practically immediately.

Mistakes That Destroy Your Business Efficiency

Mistakes That Destroy Your Business Efficiency

by Brian McKay

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If there is one thing that all businesses are looking to achieve, no matter their size or industry, it is efficiency. The trouble is that efficiency is incredibly hard to achieve. After all, there are so many things that are trying to prevent us from running our business as efficiently as possible, such as those annoying admin tasks! With that being said, continue reading to discover the mistakes that are destroying your business efficiency so that you can rectify them as soon as possible.

Underestimating the skills that are needed to create solid processes at scale – This is a mistake a lot of business owners make, especially small organization owners. In a small business, it is advisable to put the person who runs the process in charge of generating it.

Using old-school tools – Technology has advanced dramatically over the past few years. If your business is stuck in the past, you are going to be paying the price. Some companies are yet to embrace software to help them manage their processes! There are then those that only use PowerPoint, Excel, and Word. Yes, they are useful tools, but they are not enough. These tools are not optimized for tracking, running, and creating business processes. If you don’t have a tool for this, it is time to find one.

Refusing to outsource – Outsourcing is becoming more and more prevalent across all industries today, and this is because it offers a number of different benefits. However, there are some companies that do not want to outsource anything because they want to retain control and keep everything in-house. While this is admirable, it is likely to be holding your business back. Let’s take the medical industry as a prime example. Patient care is just one element of this sort of business. There are also many administrative tasks. If you end up bogged down in these, you will find yourself providing a poor standard of patient care. Instead, an answering service for doctors office can help you to focus on your patients while someone else handles the communication element and appointment scheduling of your practice.

Failing to take the time to identify areas whereby money and time are being wasted – Last but not least, when was the last time that you sat down and identified the areas whereby time and money were being wasted at your business? If you can’t remember, here lies the problem. You need to continually assess your expenditure and you need to look for improvements. Tweaking your work processes so that you work smarter can make a monumental difference.

Hopefully, you now have a better understanding regarding the different mistakes that could be ruining the efficiency of your business. If you have noticed any of the blunders that have been mentioned above, there is no need to panic. You simply need to look at your operations and make the changes so that you can start running your company efficiently again.


Turning Your Passion For Football Into Pounds

Turning Your Passion For Football Into Pounds

If you are someone that is mad about football, then what better way would there be to create some extra cash than through doing something relating to football? Turning a passion that you have into a way to make some extra money can feel like you’re not really even doing a lot. Because as the old saying goes, when you are doing what you love, you are not really working. But is all of that easier said than done? Here are just a few of the ways that you could create an extra income through your love of football. Is there anything else that you think should be added to the list?

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Betting on Matches

Gambling on sports matches can be tricky, as there definitely isn’t any certainty in sport. But what you can do is take educated and calculated guesses, as well as look at sites online that share things like the latest Premier League stats so you have a little bit more of an idea on what bet to place. But if you follow the teams and follow the players, as well as knowing all of the small bits of information on them like injuries, then it can be way easier to make a guess on betting. If you look for matched betting sites or the sites that let you use free bets, then in reality, you won’t be losing any money if a match doesn’t go to plan.

Invest in Collectibles

There are so many different things that you can collect when it comes to football. And all of them can be saved until a future date, as well as sold on so that you can really profit from them. With the recent World Cup that was on, there are people that would pay for a full set of the stickers, for example. You could also collect shirts, footballs, signed goods, and other items. Just make sure that the items that you have are ones that there will be interest in later on. For example, twenty years ago, collecting an item from David Beckham’s collection could have been fairly cheap. But if you went on to sell it now, there would be a massive demand for it, meaning that prices would be pretty high. Which is why having a good knowledge of football and knowing the ins and outs, will make it more likely that you’ll spot something that would be of value down the line.

Blogging

Blogging is here to stay as it is a great way for brands and companies to market their products and get their brand in front of a specific audience. So football or sports blogging could be a good way to generate an income through sport. It could be a write up on particular matches, or opinion pieces about players and transfers. If you are a season ticket holder, you could even vlog or blog about your days out at matches and the like. It isn’t something that you could just do and make money instantly. But if it is something that you enjoy, then over time you can build a community, and get involved working with brands that way.

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Coaching

If you love to play sport and are a bit of an armchair referee, then why not train to be able to do just that but for real? It could be a course for referees, as well as for football coaches. Then in schools or at weekends with small local clubs, you could get involved with the teams and make a difference in grassroots sport. Courses can be pretty inexpensive, and it can be a good hobby to have, to get you outdoors, playing football, and talking about all things football. Who knows, you may have the next Harry Kane on your team.

Fantasy Football

Fantasy Football is something that has just got bigger and bigger over the past few years. And as a result, you can earn money from it. If you have a team and it does well, then you get to become a fantasy football manager. And then just like with real-life games, people can place bets on what they think will happen. Again, like blogging, this isn’t something that is instantly going to make you money. But if Fantasy Football is something that you enjoy, then it makes sense to have a plan that in the end, you want to be able to generate an income from it. Then you can take steps to make it happen.

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