So what makes some people more mentally strong than others? It turns out they share a few traits that enable them to keep pushing forward even in the face of adversity. Here are just a few.
Accountability–mentally strong people hold themselves accountable for their actions, always. They don’t blame others for their mistakes. They own up to what they did wrong and they correct it. This shows they are more concerned about the results than with what they look like along the way.
Every business has rules, including rules for office settings. Some rules are very important, while otherw seem quite ridiculous. There will always be rules and in many cases rules play a key role in a company’s success. However, some rules do just the opposite, and leaders should avoid implementing these types of rules.
The problem is many rules are made because of one person, or because of one big mistake. However, that philosophy punishes everyone because of one person’s failure. The best thing to do is handle a situation like this individually, instead of holding everyone accountable.
Here are some rules leaders should avoid at all cost.
Rules are important, but make sure you don’t overdue it. Happy employees are productive employees.
The Child Tax Credit has been helping lower and middle class families since 1997. It has been a great benefit for these families to help offset the cost of raising children. However, for upper middle class and upper class families this benefit hasn’t been available. But the Tax Cuts and Jobs Act (TCJA) of 2017 is changing that. Here’s why.
Under the new law, the Child Tax Credit – which is worth $2000 per child – is now available to single filers with a modified adjusted gross incomes (MAGI) of up to $200,000. Married taxpayers qualify for it with an MAGI of up to $400,000. That means many more taxpayers are now eligible to receive this beneficial credit.
So what about paying for college? As with any extra income, taxpayers have a choice. Just like you can go blow your tax refund each year, you could blow this extra money, as well. However, if you decide to hold onto this extra cash and store it away, it can help pay for college down the road.
When you put this money into a 529 College Savings Plan you are actually building up your child’s college savings account tax-free. In addition, when it’s time to withdraw the funds and use them, they also come out tax-free, as long as you use them for qualified education expenses. Therefore, this extra $2,000 from the child tax credit each year is a great way to start saving for your child’s long-term education plan.
How do others look at you? Are you likeable? Do people want to be around you and follow you? If you’re a leader it’s important to be liked. Of course, you have to have a certain level of authority and your subordinates won’t like every thing you do. But it’s still important to be likeable if you want to be successful in your leadership role.
So what makes some people more likeable than others? There are many reasons, but most likeable people share some common habits that draw people to them and make them easier to like. Here are just a few:
Likeable people understand the importance of these traits and habits and they live them. If you want to be more likeable then try putting these habits into practice.
It takes many skills to be a great leader. While most of these skills are obviously important, some are more valuable than others. So which skills do good leaders need the most? Great leaders all seem to have the ability to motivate and inspire others. That is arguably the most important skill a leader can have. So what comes next?
What about solving problems? Not just any problems, like fixing the copy machine or dealing with an employee that’s always late. This is about complex problems. It turns out that solving complex problems is also right near the top of the list when it comes to important leadership skills to possess.
According to reports, the 2016 OECD Survey of Adult Skills showed that the ability to solve complex problems is crucial for fast-growing, highly skilled managerial occupations. However, even though this skill is critical and highly sought after, it is difficult to find people who already have this skill.
According to organizations and companies, college graduates are not learning this important skill in our universities and business schools. However, this is exactly the kind of training they need, because solving complex problems doesn’t come naturally.
One answer to this problem is already out there and in full force. Many companies have already turned to management consulting firms in order to educate and train their leaders how to solve complex problems. And these firms take problem-solving skills very seriously.
So, if you want to become a great leader you should start learning the skill of complex problem-solving as soon as possible.
No one likes to think about death, especially their own. However, death is a certainty for all of us. So even though it might be an uncomfortable subject, it’s still a great idea to prepare for it. No matter what you will leave behind, having a plan is important. Without one, you basically leave everything to chance.
So what does it take to have a successful estate plan?
There are many important aspects to successfully planning your estate. However, it all comes down to two key components that you can’t afford to overlook.
The first thing you need to determine is how you want to divide your estate. That seems obvious, right? Well, you have three basic choices: equally, fairly or equitably. They might sound similar but they are not the same. Equal is not always fair, and vise versa. One option is to use all three choices for different parts of the estate. In any case, this is an important decision that every estate owner must make.
The next step is all about communication. No matter which distribution plan you go with, you need to make it clear, as early as possible. Your family members, or other beneficiaries, need to know what’s coming so they can be ready to receive it. That requires regular communication, and in some instances some education or training on how things will work, and what steps they will need to take.
Yes, the estate planning process is much more involved than that, but those two steps are crucial for an estate plan to go smoothly. Without them, your loved ones could be headed for a rocky road after you die.
Itemizers, listen up. Now is a good time to review your taxes. But it’s only June. Why should you worry about that now? Well, it’s never too early to get prepared for the next tax season. And that’s especially true this upcoming tax season, thanks to the Tax Cuts and Jobs Act.
With all the changes, your 2018 tax year is surely going to be different than your 2017 tax year. Specifically, there have been significant changes to itemized deductions. For starters, the standard deduction has increased by nearly double. That means for many people it will no longer be beneficial to use itemized deductions.
So what should you do? You need to give your paycheck a checkup, so to speak. In other words, you need to make sure you have the right withholding amount. You can do this by heading over to IRS.gov and using their withholding calculator. Plug in your numbers and find out if enough money is being withheld from your paycheck each pay period.
This can help you plan ahead for 2019 tax season, which will help you avoid any nasty surprises come tax time. If you need to change your withholding, simply fill out a new Form W-4 and submit it to your employer.
If the Tax Cut and Jobs Act has affected your paycheck, then don’t wait till the next tax season to review last tear’s taxes. Get it done now and save yourself some headaches when tax time rolls around.