Time to Change

This is the time; yeah this is the time to change where you are till now. There is no meaning in leaving in a fear everyday that when that pink morning can come. Most of you may not agree to this but don’t you think when tide is against you it’s better to change your way than keep fighting with this till you are blown away.
What I mean by change here has different meanings. First it means, change your job, it may not apply to some of the people and most of the people will not get positive results if they try. But if you get it somewhere, be sure that you are one of the safest guy in the organisation. Do I sound crazy, I might me to some but let’s talk about it why I am saying so.
Lets discuss first, Why people are thrown out, there could be multiple reasons; first, they hired you to increase their bench strength in the anticipation that they will get projects in process. But what happened, most of the projects either delayed or postponed indefinitely, then there is no meaning in keeping you on bench and paying when they are not clear when they will have work for you. Next, you may be hired for some ongoing projects and project is shelved or stopped in between and no hope of getting new projects, you are out. Third, you are working on a project but your productivity is really low and you may not be capable to increase it in near future, you are again under the scanner. Fourth, formula of 10 less utilized guys than 5 more than possible utilized guys, didn’t you hear companies are asking for around 50 hours per week. I have no clue what Indian labour laws talks about this.
You all will agree that most of the companies have stopped hiring, right? Ok , apart from this they are also giving pink slips to less performing , guys on bench and people who is not business critical. Now in this scenario, if someone hires you, why will he? There could be only one reason, and this is not because you are too good in your work. But it could be because you are critical to their business which falls in their budget. Someone might be too good in his or her work but he may not get through, only reason is priority of budget has gone up, of course budgets have gone down.
Now some are also scared that, this is the not the right time to change because if you join any new company now, you will be the first one thrown out. My dear friend, you are completely wrong, why did they hire in such dire circumstances, just to throw out. Huh, give me a break, they have hired you because there you are critical and their plans are not on track and they need someone who can bring it on and not to increase their bench strength to get the projects. Time is gone, for a time being at least, when companies used to have huge bench strength in the anticipation of projects. Now very few can afford this.
Of course, if you don’t perform as per their expectation then you may be one of them who can be thrown out, but in any case just forget it that you will be the first one.

Plastic Money - It Hurts

Today, more teens are failing to differentiate between need and want, thanks to all the marketing tactics which leading them to impulsive buying and they are blowing their cash on things which they don’t know if they really need. What really this new generation wants to buy today is astronomically process clothes and high-end gadgets and they really need to keep it up to date with latest fashion trend. Companies are in fact devising strategies to target them as the numbers of these consumers are increasing day by day.
We parents got a job in hand to give few lessons to our kids on responsible consumerism and investing their money on what really they need and not on everything they may want. We will introduce you to few ways on how to let your kids know the importance of their hard earned money.
Get your kids know the importance of money and how one earns it. When we get something easily we never give importance to it, so let them know how difficult it is to earn some themself. Start involving them in money management through some kind of work which they can do, it can be even starting a neighborhood grocery shop or anything in which they may be interested. It will be lesson for them how much we need to sweat to earn few cash.

Next thing you may need to focus is the credit history. This would be the main thing for you to focus as you would have credit accounts in neighborhood department store accounts, a bunch of credit cards, bank accounts and other financial institution loans. Other than this you would probably had mortgages, car loans, home equity loans and other transactions involving credit. Bureau calls these accounts sometimes as trade lines; it is not surprising because these accounts are still owned by you.History of these accounts usually start with when you opened the account then tell the type or kind of credit (installment, car loan, personal loan, etc.) and whether it is owned by individual or there are joint account holders for the same. The total amount of the loan with your high credit limit or if it is a credit card, your highest balance follows. Then follows the status of these loans, how much you have paid and how regular you are in your payments are payments are like fixed or minimum monthly payments.
Importance of savings is next thing they should be taught and also how do they go about this. You need to be an example on this front show them how you did you go about this and how your money grew over a period of time as a result of your habit of saving. They will be really show interest if you show them the regular interest piling up in your account and how the risk factor works here in comparison to investing money in stock market. If your kid in college, this is the right time for you to inbuilt this habit in them. You can encourage them to open a recurring account with the college fund. Amount can be as minimum as possible, earliest we do this the less damage it may do to their life.
Let them know how to manage their cash flow and how it can help them to give the visibility on their spending and earnings. This will help them to make a budget for themselves and this is the best thing to do to keep track of the current and future expenses. We have never seen the future and we never know what may happen, so it is best to be ready for it.
This will teach them not only how to be a responsible adult and a wise consumer but also it will save you from the mental frustration coming out of huge debts. If you are successful in achieving this you only gain from this and lose nothing.