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Technology, especially mobile technology, is an everyday necessity for Millennials in the workplace, and businesses are adapting
Technology in the hands of young people has made life easier, but also more complex. President and CEO of Intuit Inc, Brad D. Smith, said, “Millennials, and the generations that follow, are shaping technology. This generation has grown up with computing in the palm of their hands. They are more socially and globally connected through mobile Internet devices than any prior generation. And they don’t question. They just learn.”
With this perspective, Millennials in workplaces just abhor the expression, “Well, that’s how we’ve always done it.” Businesses have realized they need to change their way of functioning, if they want to attract and retain tech-driven Millennials. Known as the “least engaged generation in the workplace,” a Gallup report finds that 60% of Millennials are open to new jobs. If the environment in the workplace does not meet with their requirements, Millennials have no qualms about changing jobs. Job-hopping in this manner, costs the US economy $30.5 billion a year.
Having analyzed the psyche of Millennials, many companies today have adapted to their way of thinking with low-tech changes like paid time off to allow for work-life balance, offering flex-time and remote work opportunities to bring in a flexible work environment, and paid volunteer time off so employees will derive greater satisfaction from their jobs. These generous changes have enhanced the attractiveness of many workplaces.
Despite being wooed by these positive strategies, Millennials have no use for company cultures that do not embrace technology. Jeff Corbin, CEO and founder of mobile communication apps provider, APPrise Mobile, observes how Millennials have brought change into business communications. He says, “There is definitely a shift taking place from ‘old school’ and legacy communications solutions like email and corporate intranets to newer, more mobile friendly tools.” This includes call tracking software. Furthermore, with their passion for transparency and love of instant feedback, Millennial managers use productivity apps to measure real-time employee performance, instantly establishing new goals, praising accomplishments and rectifying mistakes.
The 2016 Digital Workplace Communications Survey carried out by the Public Relations Society of America (PRSA) Employee Communications Section and APPrise Mobile found that even though communication is considered critical by most businesses, they are lagging behind in adopting technology for communications. When Millennials join these companies, they expect the employer to reciprocate and make available to them, the latest in technology, so they could engage in their jobs more meaningfully. However, as Jeff Corbin says, it is hard to get an entire company onboard with new communications tools. Therefore, he says, “You can expect your millennial employees to be frustrated with older, legacy systems that lack speed and a modern touch.”
Employers, in order to retain smart employees, are pushed to prioritize tech options according to what is important to Millennials, and at least make some changes, when extensive change is impractical. In the habit of multi-tasking since their teen years, Millennials mostly put the software to good use, for prompt completion of their job responsibilities.
As companies adopt technology, they realize that the new way of working renders earlier work practices obsolete. For instance, automating workflow and allowing employees the use of speedy communication channels like Instant Messaging (IM), Slack and Hangouts, reduces the need of a 9-to-5 job and being tied to the office desk for a whole working day. Employees can, as easily, get the work done remotely, a concept unheard of in the workplace in earlier times. And businesses have realized that Millennials value flexibility, empowerment and remote work, and that they respond better to text messages than to phone calls. Being used to instant gratification, Millennials are not willing to wait patiently for a couple of hours for a colleague to reply an email. Instead, they will send an Instant Message (IM), get a response back within seconds, and respond to the response within seconds. As media and social futurist, Mal Fletcher, said, “Millennials expect to create a better future, using the collaborative power of digital technology.” A recent Microsoft survey found four secrets to retain Millennial talent in the workplace – create a culture of collaboration, offer the latest technology, keep data safe and have a strong purpose. Also, recent Gallup research found that while Millennials’ have reduced monthly average phone time by 1200 minutes, the number of text messages doubled from 600 to over 1400 a month.
And so, Millennials not only expect change, they make the change happen because they are the catalyst for change. Uneasy with cumbersome and inflexible corporate structures, they seek rapid results, with constant feedback, and company cultures are gradually changing to accommodate these novel perspectives.
As Senior lecturer of Computer Information Systems at Bentley University, Mark Frydenberg, said, “Social media keeps growing and people chase the latest and greatest. That is the game of it in the world we live in. I don’t think you can go backward.” And a Millennial observed “Mobile technology is the generation’s lifeblood.”
One of the most common ways to keep your subscribers interested in your website, product, business or blog is to send them an email or a newsletter at predefined intervals. A newsletter here refers to a document or a publication which consists information, highlighting your latest updates, offers, happenings, contests if any or any other form of content that succeeds in making the reader visit you again. Following are a few things you need before starting a newsletter:
- A good autoresponder: Autoresponder is a program which sends a computer generated text in response to every email that is directed towards it. These can be frequently used for handling traffic to your website/ blog effectively, as a way to increase your profits by saving time and for maintaining your reader’s agreement. Understand that no person is really keen on reading a computer script in response to their e-mail, therefore, it is necessary that you are concise and keep it short. Mention that you are sending an automated response followed by the reason you are doing so. End it with a polite note of getting back to the sender in a specified time frame. Make sure you stick to the time frame you mention. Delayed responses serve as the biggest turn-offs.
- Appropriate technology/software: In the digital era when people of all groups use a smartphone to stay up-to-date with their daily requirements, it is important that you design your newsletter to be smartphone-viewable or mobile-ready. Most of the times, especially if your newsletter involves not just endless paragraphs of text but also images and embedded videos, the newsletter may face some technical difficulties when it is opened on a mobile phone or any other device. Therefore, consider investing in a software or technology that make it easy for you to customize your newsletter or get a professional to help you set things up. You can also refer various resources available on the internet (for example, Online Dimes) if you’re on a small business owner on a strict budget.
- Explain your presence: Most of the users, after signing up for a website tend to forget when and exactly where did they sign up for a newsletter to appear in there inbox, hence, it is important to make your side clear to avoid false reports of spam. Every time you send a newsletter, include a little prompt for the user explaining exactly how he made it to your mailing list.
- Link to your website and social networks: The prime motive of a newsletter is to make sure that the readers visit your site again for which it is very important that you provide all the necessary links to your website as well as social networks so that the reader can connect with all your latest updates and happenings as social media is one of the biggest platforms to increase your customer base.
- The Opt-out link: Your newsletter should consist of a visible unsubscribe option for readers who do not want to receive any kind of further emails from your side. Respect the reader’s privacy and convenience here as it is better to lose a reader with dignity rather than losing out of your credibility by being reported as spam.
- Personal touch: It is very essential to interact with the user not only in an attempt to promote your products, website or business but to establish a more personal relationship with them. Make them believe that you are real people representing an organization by describing a little a bit of your backstory and the services you have offered in the past. Including testimonials from previously satisfied customers goes a long way in ensuring that the readers trust you.
Travel and tourism sector is among the largest industries in the world, accounting for over USD 7.6 trillion in 2016. In the US alone, it is a USD 1.7 trillion industry and a significant generator. In fact, studies have claimed that the industry is set to grow in the coming decade with tourists expected to contribute more than USD 2.6 trillion annually by 2027. Even though an increase in the number of tourists means that there will be more money in the economy, the American government wants to ensure that people do not misuse the visa for any reason. Therefore, US authorities may reject a tourist visa application even if all the documents were submitted on time.
If you are trying to travel to the US sometime in the future, make sure that the following steps are in place before you apply for the visa.
Many first-time applicants often make the mistake of making pre-assumptions and applying for the wrong type of visa. There are different categories of visa applications, and the authorities can change their definitions as and when they deem fit. In the absence of clarity in the application, the visa officer will not think twice before rejecting it. If you are also a first-timer, it would probably be a good idea for you to contact a professional and reliable visa agent like Esta before you finalise the application.
It is not enough that you have submitted all the documents as the manner in which you present them also counts. Remember that the officer on the other end is a busy person and will not be impressed by careless applications. For example, it is your responsibility to ensure that your passport isn’t expiring anytime soon. It is also essential that you submit all the thoroughly completed papers in an organised manner before the deadline. It helps embassies process the approval faster.
Every step in the visa approval process in an important one. Appointments at the embassy are hard to procure, so make sure you put your best foot forward when you obtain one. To crack a visa interview, you have to prepare as if it were the interview for your dream job. You have to dress neat, be polite and answer confidently. While preparing for the scheduled interview, put yourself in their position and anticipate questions. You want to develop your answers well instead of wasting time with unnecessary information.
You will need one document of proof for each requirement but when it comes to proving your financial stability, the more records you can provide, the better are the chances of approval. Authorities at the US Embassy want to make sure that the person entering the country will not burden the American public funds any further. Present as many proofs as you can to prove that you have strong financial ties in your home country to return there.
Europe is home to many globally renowned destinations, each of them with their own histories, cultures, quirks, and natural attractions. What is particularly intriguing is that Regardless of if you are eagerly awaiting your Germany Schengen visa appointment in London or updating your passport to ready yourself for the trip of a lifetime, Germany has so much to offer and is so underrated. From towering alps to abandoned theme parks and the fractured Berlin Wall, Germany is home to a perfect combination of manmade successes and failures, and natural beauty and wonder. If you have not yet gone, go. If you wish you had seen some of the less popular aspects of Germany, go back. Everyone should experience Germany at least once.
In 2016, Germany was declared the world’s best nation. One of the show stoppers and tourist favourites in the country is Berlin. The German capital has gone through many an evolution. What makes Berlin so special is that, through the continuous evolutions, it has somehow been able to maintain its old-world magic, indie spirit, and the contagious, ever-spreading energy that has made it so popular a destination. Berlin is home to the infamous Berlin Wall, and to truly understand how it feels to see the wall, you simply must experience it for yourself. The sections of the wall that are still standing are colourful and powerful all at once, broken fragments of Berlin’s history that somehow could withstand the test of time.
Auschwitz-Birkenau is just one of Germany’s many concentration camp sites. Harrowing in their history and painful reminders for millions, it may seem surprising to suggest visiting a place of such sorrow. Alas, you should take the time to go to at least one of the concentration camp sites, to pay your respects, to learn more of the history behind Germany’s darkest hour. One of the most important parts of learning about and experiencing a country is doing out very best to understand the history that made it the place that it is today. For Germany, it is places like Auschwitz and Berlin that carry most of the history on their backs.
As well as being an area abundant with rich cultural history, Berlin is home to abandoned wonders as well. Spreepark is the abandoned theme park that was once hugely popular, running successfully from its opening day in 1969 until 1989, when East and West Berlin reunified. After attendance dropped, the theme park closed in 2002, leaving behind a ghost town full of carnival rides and muted colours that tell stories of days long past. in 2011, the park was reopened for guided tours, allowing tourists and locals alike to experience the afterlife of the once-famous theme park.
To the south of Munich (sitting east to the Austrian border) are the Bavarian Alps. Unique in themselves and yet strangely familiar, the alps perfectly encapsulate the epitome of what it means to be awe-inspired. Towering alps made up of forests, brooks, and rivers make up the foundation that the monumental mountains exist upon, the Bavarian Alps will transport you to the happiest of places, and breathe new life into you.
The world’s fourth-largest economy is home to spirited culture, architectural grandeur, and natural wonders galore. With so much on offer, there truly is something for everyone in Germany. The charm of the cities and towns is entirely unique and somehow manages to seamlessly coincide with the natural beauty of the country. Go and see it. In all its harrowing history and its current beauty, go and see it.
Italy is one of the most picturesque, stunning, and culturally rich countries in the world. Most famous for its romantic language and delicious cuisine, Italy has proven time and again that it is worth its weight in gold – and then some. An invaluable travel experience and an unforgettable destination, this gem of Europe has so much to offer that it is vaguely dizzying. But Italy is not just about the tourist hot spots…not even by a long shot. Hidden gems pepper the country, and they each bring a new aspect to one of the world’s most romantic countries.
The flooded city of Venice give tourists an experience that nowhere else in the world can. As you float down the canals in a gondola, you can take in the romantic textures of Italy’s floating city. After you wind your way through Venice’s waterlogged canals, you can travel to Rome and experience Italy’s history in its most raw form. From the Colosseum and Trevi Fountain, to Peter’s Basilica and the Roman Forum, Rome is home to (arguably) the world’s most infamous ruins (save for Pisa’s notorious leaning tower).
Cinque Terre is the most ‘Insta-famous’ seaside town, and for good reasons. The colourful buildings and the perfectly clear waters make for a stunning experience. The “coast of the gods”, Costa degli Dei has crystal clear waters off its shores. There is no shortage of seaside destinations in Italy to keep you occupied, awe-inspired, and driven to explore ever-further.
In the Tuscan countryside, there is some of the world’s best wine and you can go on a wine and cheese tour, drinking and eating the best that Italy has to offer. As well as the wine, Tuscany is the destination of some of the world’s most intricate archaeological digging sites, giving it multiple facets of attraction. Like Tuscany, Maremma is a wild region that is ripe with charm and Italian history, while Brisighella takes the charm of the Italian countryside to new heights (literally), nestled in the Apennine mountains.
Perhaps the most beautiful, unbelievable man made sights of Italy is Grotta Palazzese. The stunning restaurant is literally built into a limestone cave that hovers 74 feet above sea level. Diners can eat an incredible meal while they watch the waves crash below their feet. Being carved out of a cave, Grotta Palazzese is one of the most unique, exciting dining experiences in the world. So unique it is, that is the perfect spot for tourists looking for a one-of-a-kind dining experience, the perfect setting to propose to their partner, or anything in between.
For individuals that live in areas that are a part of the Schengen agreement, you can travel between all the involved countries without the need for a valid passport in your hands. For those outside of the agreement, there is unfortunately no Schengen visa appointment available. But never fear; instead, get your passport ready and have the appropriate visas and travel insurance in place. You must see Italy. You must.
With the inclusion of digital technology into schools, colleges, and universities, it is important to manage and secure each workstation while creating a non-restrictive learning environment so as to ensure maximum system availability. Examining the benefits of Restore on Reboot technology can be useful in this regard.
Educational institutions are quickly adopting the latest strains of technology and installing digital devices in every classroom and laboratory is no longer uncommon for schools and colleges. Almost every school, college, or university have a fully functional computer lab equipped with the necessary devices. Students often take notes on personal devices or on devices provided by the institution.
Administrative services are also largely dependent on computers. Student records, test questions, financial information and all kind of data is digitized for easy access and editing. However, such encompassing dependence on computers also requires comprehensive maintenance and security solutions for each device. Each device must be functioning at optimum levels so that each user can have access to a device that meets their diverse and specific requirements.
The need for an easily deployable and effective solution for workstation protection is palpable among IT administrators in educational institutions. Such systems must be available around the clock (or at least, during working hours). Any lapse in functionality can be detrimental to important tasks such as teaching lessons or conducting tests.
Challenges in managing computers in educational institutions
One of the foremost challenges in ensuring the security of public access computers in major educational organizations is the lack of control that IT administrators have over users’ actions. It is possible to ensure security by imposing restrictions on the users’ range of access. However, in an educational environment restrictions can prove detrimental to research and related activities. It makes users unable to derive the maximum benefit from the technology. Productivity is affected negatively, and in the event that a user needs to access a restricted website for some reason, they will have to wait for IT to remove restrictions. IT also gets bombarded with requests for redressal of issues that may arise due to the placement of these restrictions. This often proves to be a time-consuming process and can lead to piling up of IT support tickets. Therefore, it necessitates the implementation of a workstation management software that can secure the system without having to place restrictions.
If any device on campus shows signs of malfunction, IT cannot be expected to have personnel on the ground to deal with every complication. Even if it was hypothetically possible to have someone physically present to deal with every problem, the amount of time and resources expended would be unrealistic. At the very least, management would struggle with finances and logistics.
Such public access devices cannot suffer from extended downtime. Lessons would be delayed or canceled, students would have to wait for classes, tests or access to materials necessary for research. Traditional methods such as re-imaging tend to take far too long resulting in prolonged downtime. Administrators too would have to grapple with the inconvenience of delayed access to necessary information for functions such as billing, student data, publishing grades and the like.
All the above make it necessary to deploy a solution that manages each system without the need for IT intervention in the event of a malfunction. The solution must be able to address the frequently encountered issues within a short while and be easy to operate by individuals who may not be familiar with the nuances of computing technology.
Fix IT issues immediately with Restore on Reboot technology
Workstations accessed by multiple users can be secured with the deployment of Restore on Reboot technology. It provides a quick and easy-to-operate option for users to bring a device to a perfectly functional configuration. The only involvement on the part of the user is initiating a restart.
When installed, a Reboot to Restore software solution records and preserves the computer’s current configuration. Assuming that this configuration provides peak functionality, it is set as the baseline. From here on, whenever a user restarts the system, the configuration will be returned to this preserved baseline. Essentially, every restart enables the user to work with a system functioning in its pristine state.
With Reboot to Restore software, students, faculty, office administrators and other users can resolve system issues with ease. When confronted with signs of malfunction, all a user has to do is restart the system. Restore on Reboot technology removes all unwanted changes causing the anomaly by rolling back the system configuration to its pristine baseline state.
It must be noted that for Restore on Reboot technology to provide keep workstations and device secure, it must be installed when the device configuration is bereft of any flaws. It is advisable to install Reboot to Restore software right after installing the required drivers and programs and updating the system’s state as per the requirements. If changes need to be made to the baseline configuration, IT administrators can disable the Reboot to Restore software and make the requisite changes. When enabled, Reboot to Restore software will preserve the changed configuration as the baseline.
Restore on Reboot technology offers the advantage of easy usability and swift execution. Anyone using a computer knows how to restart it, which means IT personnel will not have to be summoned to resolve every trivial issue. The process of system restoration occurs within the time it takes for the machine to restart – a few minutes. This means that prolonged periods of downtime becomes a thing of the past.
By fixing IT issues instantly, Restore on Reboot technology enables educational institutes to fortify their IT environments and guarantee the availability of systems around the clock. Removing the need for frequent IT assistance allows students, teachers, and non-teaching staff to focus their energy on productive work instead of dealing with dysfunctional devices. Innovation, research, and learning becomes the top priority.
Cable TV service is in a transitional phase. According to the marketing research firm cg42, five million people will cancel their cable subscriptions in 2018, a 685% increase over 2016. This growing rate of cancellations is part of an ongoing transition by consumers to a streaming-only model of viewership, and it poses a substantial risk to cable companies. But is their decline inevitable?
Though streaming services have a clear edge over their more traditional counterpart, cable doesn’t have to go down without a fight. By taking an innovative view of media production and distribution, cable can resist the streaming takeover.
Focus On Loyalty
One of the main weapons that cable television has in the fight against streaming is users’ real loyalty to providers, as well as to specific channels. For example, the lifestyle channel TLC, which doesn’t distribute its shows via streaming, finished 2017 as the fastest growing channel among women ages 25-54 – a demographic that otherwise primarily relies on streaming for their programs. Though their competition may be struggling, TLC carefully selects their shows and focuses on maintaining multi-platform relevance.
Cable companies have struggled with both programming and relevance – they don’t have the programming control of an individual station and many lack additional forms of engagement beyond in-home service. However, if they can build alternative platform approaches that remain linked to their current paid programming model, loyalty alone could help them gain back market share.
Building Better Bundles
Another way that cable TV companies can increase their popularity with users is by creating better product bundles. Right now, the best that most companies offer is a combination of cable, internet, and home phone (which most people have already dropped). But they have much more at their disposal and users want to know what’s on offer.
Service navigators like InMyArea can help consumers pick the best cable provider based on which plans offer premium channels, including foreign channels, streaming add-ons, and on-demand viewing options. And cable companies need to keep the cost of these services under control, transforming them into standard offerings. Historically, these add-ons have been very costly, but if cable providers don’t offer them at a reasonable cost, viewers will find them – often for free – online.
If bundling services like highly profitable premium and foreign channels isn’t an option, another strategy that can benefit cable providers is building partnerships with screaming services. Right now, if users want to view streaming content anywhere besides on their computers, they need to buy a separate device, like an Apple TV or Firestick. This separation of services is yet another reason why consumers are prioritizing streaming or cable, but not using both simultaneously. It’s bulky, costly, and cumbersome.
By creating technology-driven partnerships with streaming providers, cable companies can encourage a greater number of consumers to take an additive approach to services and combine cable and streaming. Right now, for example, Comcast is already successfully partnered with Netflix and YouTube to provide their services through the Comcast cable box, and they’re trying to negotiate a similar arrangement with Hulu – and other cable companies should attempt the same. It’s a high stakes endeavor with a low barrier for entry – the streaming services don’t sell the devices that link them to TVs, so adding other formats doesn’t challenge their profit model.
Forming partnerships with streaming services could be especially advantageous for cable companies that want to secure certain transitional audiences: young people leaving the family home who are used to having cable access, older viewers who’ve always had cable but are curious about streaming, and young couples with children who want better control over what their children watch. All of these groups are in a position where changing their services might be desirable, and cable companies need to open the lines of communication and encourage them to make cable a priority.
The Live Advantage
Finally, one of the primary advantages that cable companies continue to have over streaming services is their ability to provide live programming. The continued popularity of reality television, sports, and even the importance of local emergency alerts can help cable remain relevant. Though some streaming services have begun to offer limited live offerings, cable still controls this niche.
Additionally, live programming is part of an overall craving for linear TV and a predictable experience, something streaming services can’t offer. People enjoy the scheduled control of watching a channel and knowing when their favorite program starts and ends and even scheduling parts of their lives around it. Streaming, with its emphasis on binge-watching, does exactly the opposite, even if it can bring live programming onboard.
Regardless of how cable providers choose to address the problem, the coming decade is going to bring significant changes to how people watch TV. By 2025, viewers may have the option to select channels that are fully personalized to their liking based on better algorithms, producers will have greater creative freedom, and commercials won’t be considered the cost of enjoying a program. For cable providers to keep up in this ecosystem, they’ll need to learn to think more like their competitors in streaming – and work beside them.
Millennials are defined as the cohort born in the 1980’s through the mid-1990’s. In the U.S. it is estimated that this group is now the most significant generation, with approximately 75.4 million people. That is a vast number of potential employees that businesses need to understand to attract and retain millennial talent.
While current professionals favor higher pay and benefits over working in a field they are passionate about, millennials feel quite the opposite. In fact, they are searching for jobs that have significant meaning and purpose rather than a more substantial salary. It is essential to keep this in mind from the get-go when recruiting millennial candidates. That is not to say millennials look for positions that will not offer excellent salaries and benefits. It is rather a matter of placing emphasis on a company’s mission and vision statements, and how the candidate’s wish to find a purposeful and value-based position will fit with the company’s goals as well.
They want to know why the company is an asset to the world, not just a ‘money making’ establishment. Let a prospective millennial employee know that fulfilling work can be realized and aligned with the company’s bigger picture goals too. A millennial wants to know the company will help them realize their potential; this is seen as a great asset to the prospective employee.
When a company initially posts a job, it’s a good idea to adjust the advertising to accommodate the fulfilling, and purpose-driven work millennials are searching for a new position. For example, include extra details about the company’s values and culture, not merely a list of job duties and skill requirements.
Attracting a top-rated millennial candidate to a business means they want to know if the organization’s culture fits with who they are. Posting pictures of employee events, for example, will let the millennial understand what the company is all about. Showing photos of the bi-monthly fun night where they book a comedian for the employees can say a lot about a company’s culture; the millennial sees this as a fun and thoughtful place to work.
Another selling point a company can offer is training programs for employment growth and development. A prospective millennial candidate will view this as the company wishing to invest in the employee’s future, thereby making this an enticing selling point. If a company is willing to spend on the employee, then the employee is more likely to want to invest in the company.
Millennials have learned some valuable lessons from their parent’s generation. With so much emphasis placed on acquiring possessions, millennials see this as working too hard for material goods and not enough time to enjoy life. Businesses need to show a top millennial candidate that it offers excellent work-life balance. Millennials put a lot of value on balancing their work time with their personal and family life. Businesses will have to provide this balance if they wish to attract the best possible millennial candidates.
Judging by the health of the prominent economic indicators, the US economy seems to be on an upswing. GDP, the most crucial indicator, is expected to rise to 2.8% and 2.4% in 2018 and 2019 respectively that bores well for the nation’s economic health, on the whole. However, the man (or woman for that matter) on the street, would be more interested in keeping an eye on the prevailing interest rates.
Plummeting interest rates imply that those looking to buy a home or chunk of real estate will have to pay less interest on loans and mortgages. However, one will be forking out a higher amount as loan reimbursement when there’s an upsurge in interest rates. The fed funds rate (comprises short-term interest rates) was increased to 2% in June by the Federal Open Market Committee, and forecasts suggest that this rate will further go up 2.4%, 2.9%, and 3.4% in 2018, 2019, and 2020 respectively.
The Impact of Escalating Interest Rates on Real Estate Investments
Interest rates critically impact the current valuation on the cash inflows in the future. The Federal Reserve was compelled to downscale treasuries to the tune of $4 trillion in the wake of the financial crisis in 2008, an unprecedented move by all accounts. So, if you’re contemplating dipping into your IRA reserves for buying a piece of real estate, you’ll first need to consider whether an improving economy will, more than offset the adverse effects of mounting interest rates.
What causes the rates to go up?
The interest rates are chiefly affected by four significant factors, namely Federal Reserve, bond demand, bond supply, and inflationary trends. Interestingly enough, increments in demand or supply of bonds cause a spike in the interest rates. Increasing inflation also push up the rates as consumers fear they’ll have to pay more to purchase.
Federal Reserve tries to control the effects these indicators or drivers have on the interest rates by purchasing or offloading assets as and when required. Despite the best intentions of the Feds (to contain the rates), the preventive or correcting measures taken by the agency could also make the inflation go northwards.
Significance of the Rising Interest Rates to Real Estate Investors at Present
The Feds buying up assets worth more than $ 3 trillion has had a soothing effect on inflation-it has stayed put. The static rate of inflation has discouraged banks and financial institutions from lending that has resulted in poor circulation of money. However, expectations of the economy recovering might cause the banks to up their lending interest rates which will ultimately push up inflation.
The interest rates will also receive a boost as Feds goes slow with purchasing of assets. Investing in real estate in the present scenario offers a higher degree of protection to your investments (and hence better ROI) compared to other types of fixed-return investments like bond funds, CDs, and ETFs.
So, the real estate sector holds a lot of promise for investors throughout the US. Towards this end, residents of Indiana will be reaping monetary gains by investing in Indianapolis real estate.
It’s always interesting when research uncovers a connection between the mind and body. Over the last few years, a growing collection of research has shown that there’s a distinct correlation between what you wear and how you perform in different areas of life. Understanding this relationship could help you, as well as others, find more success in different areas of your life.
So much research has been done on the relationship between fashion/clothing and performance that there’s actually a phrase used to describe it. Psychologists call it “enclothed cognition” – i.e., the systematic influence that clothes have on the wearer’s psychological processes.
Dozens of studies over the past few years have looked at enclothed cognition. While there are too many good ones to mention in this article, here are some highlights from a few of the more interesting ones:
- A study done in 2015 asked participants to change into formal or casual clothing before taking a set of cognitive tests. The subjects wearing formal business attire showed increased abstract thinking – an important component of creativity and strategizing. The belief is that this effect is tied to a greater perception of power.
- A study published by professors at the Kellogg School of Management at Northwestern University shows that subjects wearing a white scientist’s or doctor’s lab coat perform better on the “Stroop Test” than those wearing normal clothing. In fact, they made only about half as many errors as their peers – indicating greater care and attentiveness.
- A similar study has found that people feel more authoritative, competent, and trustworthy when wearing business attire. (Though it should be noted they feel friendliest when wearing casual attire.)
You could look at any number of other studies, but they all seem to indicate a rather direct and significant relationship between what you wear, how you feel, and how you perform. Plenty of other factors – including competence, experience, and skills – are in play, but it’s interesting to note just how concrete this connection is. And for those who are interested in boosting performance, output, or success, it’s something worth paying attention to.
The term ‘dress for success’ has been used for years, but it’s only just recently that science and research have proved a concrete connection between fashion/clothing and confidence and performance.
Styles change and individual preferences vary, but here are a few general suggestions you can use to ensure a positive correlation between what you wear and how you perform.
Incorporate a Few Designer Pieces
You don’t want to go broke building your wardrobe – and there are no shortcuts to the top – but there’s something to be said for having a few designer labels in your closet.
“Designer labels are connected to financial success. And we tend to directly correlate financial success with the characteristics that help achieve prosperity, such as discipline, hard work, and intelligence,” says Jennifer Baumgartner, a clinical psychologist and owner of a wardrobe-consulting business.“Due to these subconscious associations, we may give the person we believe to be successful a higher salary or more opportunities.”
To maximize your results, consider wearing your designer pieces to job interviews, important meetings, or sales appointments with VIP clients.
Wear Properly-Fitted Clothing
It’s not all about wearing expensive fashion items from designer labels. In most cases, it’s how you wear your clothing. This is especially important with business suits. Going too big or small is not only unflattering, but it also indicates a lack of attentiveness to the details.
“When choosing a suit, remember that shoulder pads should end at the shoulders, the jacket should fit close to your body, and the sleeves must end where your thumbs meet your wrists,” says Brian Zeng, CMO for OWNONLY.“For women, pants that are too tight and pucker in the front are a big no-no.”
Not only does properly fitted clothing impress others, but it also makes you feel better. It permits you to feel bold and confident – which can’t be purchased or replaced.
Embrace Your Favorite Features
The idea of enclothed cognition is based on maximizing confidence so that you’re able to perform to the best of your ability. It would stand to reason, then, that you would wear clothing that emphasizes your favorite features and subdues the ones you’re less comfortable with.
For example, if you love your long legs and height, find clothing that embraces this. If you believe your legs are too long, play down your height. Whatever the case may be, you have options. Choose fashion statements that make you comfortable in your own skin and your performance will improve.
Success is in the Details
In the grand scheme of things, what you choose to wear is a minor detail in your life. But don’t confuse minor with insignificant. As the research shows, what you wear has a direct impact on how perform in multiple areas of your life (and particularly in your career). The more seriously you take this relationship, the greater your chances of success.