Category: Perth News

We need to talk about money

After all, money is just a medium of exchange. It cannot be used as a transportation, you can’t it eat, you can’t drink it, you can’t wear it, and you can’t live in it. However, it enables you to buy food, drinks, and transportation that allow you to make live easier. This is why talking about money is important.

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Talk about money

Managing our money and talking about this topic with your partner, children or family members is important. For most of us, taking care of our finances is a daunting task. Easy accessibility to credit, high interest rates as well as lack of knowledge ensures that many people and families are actually living deep in debt and way beyond their means.

In order to avoid getting in bad debt, people need to teach each other on how to properly deal with our personal finances. If we’re not taught how to mange money at young age, we will be making a lot of mistakes with our financial decisions as we grow older. The reason many men and women are struggling with handling money is actually quite simple – we don’t understand how to do it.

When money is tight, we don’t believe we’re making enough in order to put anything aside or develop anything even remotely looking like a financial plan. As our earnings scale up, we very quickly consume this additional cash and revel in our new-found freedoms.

If you already have a partner in life, both of you have to come up with a list of every one of your short, medium and long-term goals. Include anything and everything which will likely have a substantial financial commitment. These include your retirement, holidays, large purchases, building an emergency fund, etc.

Nowadays, talking about money seems awkward to many. But the truth is, this topic is important to be discussed. Continue reading at:

How to bounce back after failure

Failure is inevitable in life, especially in business and career. However, there are some ways to overcome these occurrences and use them to your advantage.

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For some, it may be hard to believe that the most highly successful people are actually the ones who have failed the most. We’ve already learned about these people and their companies once they have made it big. We admire their success yet rarely witness the immense struggle they went through to get there. Since we are usually not exposed to their failures, we are sadly only left to compare ourselves to their achievements.

This in turn can make us believe that our failures are for losers who have no hope to succeed. This makes difficult for us to validate the mistakes we make and problems we experience. Often, we second-guess ourselves and question our abilities. We do not realise that adversity is required in order to succeed.

This way of thinking have affected people from all over the world; thinking that failure is the worst thing that could ever happen to anyone. This is why they are so much afraid of failing. Even as a kid, you have been taught that being wrong and making mistakes are bad. Your mind uses painful memories of the past to provoke negative emotions like fear and anxiety to stop us from making those same errors today.

But the truth is, even the most talented and gifted people fail. Setbacks and failures are inevitable in life and no one is vulnerable. Meanwhile, we’re also never teaching ourselves how to manage it effectively when we experience it, if we live so carefully to avoid failure. So when faced with adversity, it often overwhelms us and causes us to give up.

For more on bouncing up from failure, read this article:

What to do when your boss becomes a bully

Bullying is not limited to pupils and teenagers. In fact, more and more people are reporting bullying cases in the workplace. Workplace bullying can occur between anyone in the workplace. But perhaps the most difficult situation to deal with is bullying by a boss.

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Bully Boss

The boss is the very person responsible for your advancement within the company. He leads the company into the right direction and creates strategies on how he can make his group cohesive performing like a well-oiled machine.

However, the boss becomes the bully and a lot of times the employees do not realise that they are already getting bullied. Instead, they believe that they have a tough boss or one that simply pushes his employees to get results. But it is important to be able to identify workplace bullying because it can have significant consequences.

One of the most obvious signs of workplace bullying is when you get verbally abused. When your boss humiliates you in front of others, this is already a form of bullying. He may also make offensive jokes at your expense. And he may ridicule and berate his employees on a regular basis.

If your boss spy on your event or stalk you, it is already a form of bullying. Avoid bosses who open your mail, read your conversation, and go as far as tampering with your personal belongings or your work equipment. Usually, this bullying boss is looking for weapons to use against you.

Here in Perth and all of Australia, bullying is a silent epidemic in many workplaces. Workplace bullying here in Australia is in broad terms becoming a risk to the health and safety of employees.

To learn more on what to do when your boss is bullying you, you should check out the article written by Perth Now’s Garry Martin. Read the full article here:

Outsourcing: Beware the contractor vs employee trap

In the past decade, outsourcing has been the word on every pair of lips of business persons. Outsourcing is nothing more than taking away a part of your processes and operations and entrusting them to a professional team that is not in your company and whose main task is to do this work for you.

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Years ago, outsourcing was used only by large businesses. But thanks to technology especially the internet, it is now available to smaller companies. The internet has paved way to globalisation, threading paths though avenues. These days, tasks and processes are now outsourced day through information superhighways the world over. The Internet provides the access, so why not make use of outsourcing? There are a good many reasons to become an advocate of outsourcing.

One of the main advantages of outsourcing is it allows your business to effectively use your human resources. It allows you tackle your workload even if you do have a small workforce – just like any new small business as they normally start small with few employees. Employees in the company can thus focus on the main purpose of the business and their own area of expertise.

Another advantage of outsourcing is that you save some time on training and seminars. When you just outsource certain service, your employees don’t have to undergo extensive trainings to sharpen their skills on certain tasks. If the work is outsourced, there is then no need to train new staffs, which goes further in reducing costs.

There are many other benefits outsourcing brings. And by knowing all those advantages, you’ll be encouraged to use such type of services. However, just like anything in this world, outsourcing does not only bring benefits, but consequences as well.

To give you a better understanding on what this means, read this:

Are you better off selling your home and going back to renting?

Nowadays, it seems that interest rates keeps on rising over time – this has become one of the most popular issues Western Australians talk about. With wage growth remains relatively flat while other household expenses and bills, many individuals and families experience stress and panic mostly caused by mortgage stress.

Many households struggle financially these days. Many experience stress caused by mortgage interest. Some suggest that selling home and renting a new one could be a better, smarter option. It could be difficult to entertain, right? However, it can be just a smart option to consider.

Renting vs selling home

Buying versus renting a home has been an old debate. Both sides have valid points, so it can be a bit confusing. Like we’ve mentioned, recent changes in the tax law have also made owning a home less financially advantageous, so the buy vs. rent dispute continues to evolve.

Sure, many would argue that buying a new house to build equity for your self instead of paying monthly rent to your landlord is a wiser decision. But in reality, there are many financial reasons why renting may be more compelling.

Keep in mind that buying a house is a major investment and life decision. It is not as simple as it sounds. So, you first need to make sure you understand whether or not you are even in a good position to purchase a new home. Your finances are not your only consideration either. So if you struggle socially, professionally and most especially financially, now is probably not the right time to be buying.

Renting is the better option if you are struggling financially. Cost is the most obvious advantage of renting. Although rents can increase, monthly payments are typically less than buying a new house. Paying rent isn’t a waste of money. Yes, you won’t see your money again, but you get a place to live for you and your family. Even when you buy, you’ll be spending a lot of money on interest payments, taxes and other fees.

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