HUSTLE MUSCLE FOR MILLENIALS

IT SEEMS LIKE EVERY OTHER MINUTE THERE'S ANOTHER “EXPERT” IN THE NEWS HAMMERING AT THE MILLENIALS (THE GENERATION OF PEOPLE AGES 18-30) WHO ARE STARTING TO MAKE THEIR MARK IN THE WORKFORCE.

It's not easy out there for anyone, and this group in particular is currently suffering at a 16.8% unemployment rate. There are plenty of people between 18-30 who are talented, smart and eager to earn, who are yet unemployed or underemployed and stuck. Here are five things you must do, Millenial or not, so you can get to the life you want as fast as possible.

1. Shrug off the bad rap.
   Look, every generation bashes the one that comes after it. My grandpa bashed my dad's generation and my dad bashed mine. This will continue to happen so don't let it get in your head. Instead, prove everyone wrong. Set goals for yourself with a clear list of actions you must take to make things happen.
2. Opportunity is everywhere.
   Quit thinking you can send resumes to the black hole of the HR department or rely on job boards to land a great position. Instead, find out about the businesses in your area, find 10 people you would want to work for and then get in front of those people. You want to find the people at the top, call them, tweet them, e-mail them, and just hammer at them until you get a face-to-face meeting. That is how you get noticed in today's marketplace. You get creative, resourceful and stop at nothing to sell yourself.
3. Gain access and learn.
   Understand that you will have to prove yourself. My current VP of sales started with me 4 years ago making less than $3000 per month. I told him I'd teach him all he needed to know about sales so he could develop and grow. He just turned 30 and will earn over $300k this year. Accepting less money at the start for access to those who will teach you can pay off tremendously.
4. Set the bar higher than the middle class myth dictates.
   Look, your parents and their parents bought into a myth that made the middle class something worth of aspiring for. The middle class idea doesn't benefit anyone but politicians. Don't strive for middle. Strive for greatness.
5. Surround yourself with big thinkers and big earners.
   Expand your friendships to include people who are doing far better than you are. Then, learn from them. Go where they go – restaurants, sporting events, charity functions. Find a way to help these people and get yourself noticed in the process.

Every week via my online show, I'll be offering tips to help the Young Hustlers out there–the 18-30 year old players that want to build wealth for themselves. Maybe you're 19 with a high school degree and no idea what to do next. Maybe you fell into a sales job but have zero training on how to make the most of it. Maybe you are freaking out because your student loans kicked in and you can't afford to pay them. No matter your educational history, your future is yours to create and I will help you. I'll lay it out for you straight so you know how to go about finding money and building wealth. 

To kick this off, I'm looking for people 18-30 to help me create a name for the show to replace "Young Hustlers." The winner will receive our Power Jar filled with “Don't Be A Little Bitch,” “Hustle Muscle,” and “Whatever it Takes” wristbands. It's time for a new generation to make their mark and instead of me slamming generations after me, I'm choosing to mentor and motivate them. Hit me up on Twitter @grantcardone and fire off a question. We'll also take callers to give people a chance to ask a question on the air. Looking forward to it. Be great!

Source: https://grantcardone.com/blogs/grantcardone/hustle-muscle-for-millenials

How to Handle the Effects of Inflation During Pre-Retirement and Post Retirement

We often hear from our parents and grandparents that they used to buy movie tickets for Rs. 5. Milk that we used to buy for Rs. 13 few years back has doubled now. Have you ever thought why such change in price happens?

The answer is inflation.

You can't AVOID inflation:

For the price increases to qualify as inflation, the rise in price has to be a sustained one. With time, for every rupee you own, you'd be able to buy a smaller percentage of good or service.

When inflation begins to march north, there tends to be a decline in the purchasing power of money. Let us consider the inflation stands at 5% annually. Theoretically, bottle of water costing Rs.20 today, would cost Rs. 21 in a year.

It is possible to control inflation and it is not possible to stop or avoid inflation.

How can you handle Inflation?

Inflation affects each person differently. As we progress in profitable positions in work, typically the amount we spend also begins to soar. While certain lifestyle changes with time are unavoidable, remember that every spending decision taken today can affect your finances of tomorrow. Read on to understand how we can combat the detrimental effects on inflation.

Handling Inflation During pre-retirement:

Inflation can be best handled with the right investments.

· Avoid excess spending and invest a percentage from your increased salary. Evaluate your budget and earmark specific areas of expense. Try to forecast your expenditure and work towards minimum deviation from your planned income to expense ratio.

· Design a lifestyle that suits your requirement. Decide how much you want to spend on luxuries. As you inch closer to the retirement finish line, ensure that your luxury needs are at the minimum.

· Try and work towards an annual growth in income generation. Explore new opportunities and ventures to augment your income.

Pre-retirement investments and inflation:

Remember that it is not enough if your investment makes sense; it also needs to make cents!

· Don't keep money stagnant in your safe. In fact, with time its value depreciates. What you can buy with Rs. 100 today will cost you Rs. 150 after a 6 or 7 years.

· When you make an investment, ensure that the rate of return is higher than the inflation rate. The difference in inflation rate and investment return rate is your actual return on the sum invested.

· Inflation trends have a profound effect how each portfolio needs to be structured. Allocate your assets based on your risk return expectations. Higher the risk, higher the returns. Embrace equities for long term.

· Proven Diversified Equity Funds: This investment option can churn good returns if you have a good appetite for risk, as the returns range an average 12-15%, which can suffice to beat inflationary trends.

Focus on what return your investment will yield post tax and invest wisely.

Inflation during Post-retirement:

"Inflation is the crabgrass in your savings." -Robert Orben. Failing to anticipate the effects of inflation on retirement finances can be a costly mistake. While it is important to keep investing after retirement too, the tolerance to risk also needs to be phased down.

· Plan for a fund that will sustain in your sunset years

· The inflation rate needs to be factored while deciding on the corpus fund.

· You need regular income after retirement. This regular income need to increase year after year to take care of the inflation.

· Creating a corpus that can provide regular income year after year.

· Creating another corpus, that can help in providing additional regular income that can take care of inflation.

What we need to understand is that the investment strategy after retirement is not to beat the inflation with investments; but to meet the inflation with investments.

Inflation is what every economy suffers from. It creeps on us with time. If not planned, it can sting us very hard. But as economists say, inflation is nothing to dread. Healthy rate of inflation has a positive impact of increasing consumption and keeps the capital in the economy flowing.

An important Mantra:

Invest your money and don't lock it up only with safe investments. The money safe in your 'safe' will not yield returns that can save you from inflation. For becoming a well disciplined investor and achieve your financial goals, you need to focus of creating a financial plan.

The author is Ramalingam K, an MBA (Finance) and Certified Financial Planner. He is the Director and Chief Financial Planner of Holistic Investment Planners http://www.holisticinvestment.in a firm that offers Financial Planning and Wealth Management. He can be reached at ramalingam@holisticinvestment.in

Article Source: https://EzineArticles.com/expert/Ramalingam_K/2430606

Article Source: http://EzineArticles.com/9790353