Why High Earners Still Have Trouble With Money

Why High Earners Still Have Trouble With Money

If you earn six figures or more per years, chances are that you are still living paycheck to paycheck. A lot of people tend to assume that earning this much money is going mean an end to all financial problems, but the fact of the matter is that a lot of people in this income bracket are facing some kind of difficulty or the other which is forcing them to pinch pennies here and there, preventing them from living the lavish sort of lifestyle that they truly desire.

One of the biggest reasons why this is the case is because of the fact that Americans that earn within this range are prone to increasing their expenditures as well. They tend to make bad financial decisions as well by buying things that they do not need instead of investing in things that would allow them to ensure long term growth. Hence, an important step that you need to take if you earn this much money and are still living paycheck to paycheck is to check your expenses. Chances are that there are things that you could do without that would leave you with an enormous amount of disposable income. You can use this income to ensure long term stability for both you and your family.

A good way to start saving and cutting down on expenses is setting a budget for yourself. This budget should include all the essentials and should determine the portion of your income that you are allowed to spend, with the rest going into your savings. Try to set your 401(K) in a way that would deduct just the right of money from your paycheck automatically, ensuring that you do not have to worry about long term safety at all.

While it is going to be difficult to do this at first, once you start implementing a couple of hard and fast rules it is going to become a lot easier for you to have savings. Once the money starts piling up, you can start investing them in smart long term solutions. One great solution is a mutual fund. This would allow you to pool your money in with thousands of other people and give this money to a financial expert who would invest it according to their in depth knowledge of the market. This can help you make a lot more money in the future.

You may feel like earning a significant paycheck entitles you to a good life, and while this is certainly true you are going to have to retire at some point. After all, no one is going to want to work for the rest of their lives, such a thing is going to make it difficult for you to attain true happiness. Upward mobility is very easy if you have started earning six figures a year. All you need to do is invest your money smartly and everything will work out in the end.

Clichés That Businesses Need to Stop Using

Clichés That Businesses Need to Stop Using

You hear clichés every day, whether they are in marketing pitches or in the conference room while you are in the middle of a meeting. One cliché that needs to go is the idea of “110%”. It just sounds condescending when you consider the fact that the people you are saying it to are probably already working as hard as they possibly can to get the best results possible. Instead of using this cliché, you should try to encourage your team to give it their all in a less belittling way, one that would respect the work that they have already put in.

Additionally, we need to stop singling out women in management by using the term “girlboss”. The whole point of equality in the workplace is that women want to be treated equally, which means they want the same opportunities to succeed. Women in management do not want to be singled out like this, so using gender neutral terms like the age old and already prevalent “boss” is going to be a much better direction for you and your team to take.

Perhaps the most stuck up terms in the world of business these days are nebulous terms such as “thought leader” and “influencer”. First things first, these are not actual titles. No company is going to hire you to be their thought leader or their influencer, and if you add this terminology to your resume or LinkedIn profile chances are that you’re just going to make people think that you are stuck up and think too highly of yourself. This is why it is very important for you to look into better options. A thought leader is basically someone that comes up with good ideas and knows how to implement these ideas. Such a trait can actually prove valuable to a company, but it is not all that the company is going to need. Essentially, you need to start showing your worth using better language.

Another trend in business that needs to stop is referring to something as the (insert company here) of (inset market here). For example, calling an innovative idea in the world of fast food as the “Uber” of fast food. This gives new companies unnecessary pressure to act according to precedent rather than trying to find their own way. Besides, it is highly unlikely that your company is going to be as groundbreaking as Uber, and even if it is you are going to have to show it by walking the walk instead of talking the talk.

Entrepreneurial culture is incredible and it is what is making the world a better place today, but the self aggrandizing tone of entrepreneurs can really get on people’s nerves at times. Things would go a lot more smoothly if people in the world of business stopped thinking of themselves as kings of the world before they have even managed to do anything worthwhile!

Can You Make Viral Content Without Spending Lots of Money?

Can You Make Viral Content Without Spending Lots of Money?

A decade ago, there was a purity in virality that a lot of people miss. Things went viral because they were generally good content, not because an agency had funneled lots of money into them. Nowadays it can get easy to think that the only thing you need to go viral is a ton of money, but this is not the case at all. It is perfectly possible for your content to go viral even if you have a very limited budget, and listed below are a few tips to help you make this possible:

  • Simplicity: Don’t make content that is too complicated. It should get the message across efficiently, allowing audiences to figure things out in a flash. In today’s world of social media, instant gratification is far too common for people to be willing to put a significant amount of time into looking at any particular piece of content. Hence, you need to make sure that your content does not require too much time to fully understand.
  • Incentivize Sharing: People are not going to share your content unless they are going to get something out of it. This does not mean that you need to start paying people to share your content, rather it means that your content needs to hit home in such a way that people are going to get some kind of social capital by sharing it if nothing else. Anything that sparks a positive reaction in your audience is going to help you get shares.
  • Understand Your Users: One of the biggest mistakes that people tend to make while they are creating content is that they are not creating for their audience. Once you have built an audience base, it is very important that you start understanding what they want so that you can give it to them. Test out different kinds of content and see what fits. After a little while you are going to better understand what type of content your audience will respond to the most.
  • Branch Out into Different Platforms: If you want to ensure that your content goes viral, one thing you are going to have to do is keep in touch with your fanbase and users using email and other types of long form media. This is going to keep them engaged and will allow you to create some kind of content interaction during dry spells.
  • Pay Attention to Current Affairs: Your content needs to be relatable and it needs to provide some kind of emotional draw for your audience. The best way to create content that fits this bill is to look into current affairs and see what the world cares about the most at any given time. As soon as something happens that everyone is talking about, create content that talks about it or refers to it in an interesting way and your video will definitely go viral!