Baby boomers are the first generation of a new retirement era with the burden of saving the bulk of their retirement income and making those savings last 20 to 30 years. This responsibility is due to the decline in company pensions which shifted saving and investment responsibilities to employees, as well as an increase in life expectancy after attaining adulthood (almost 20% since 1950). The challenge of investing has been particularly difficult in the last five years; a study by Thornburg Investment Management calculated the annual “real return” for many classes of investment during the period as being negative.
Dale Carnegie’s book “How to Win Friends and Influence People” was published in 1936, and is one of the best-selling self-help books of all time with an estimated 15 million copies sold. Some have called the book the bible for building relationships for its insights into human nature.
The principles espoused by Carnegie continue to be valid almost a century later. Why? Because human nature doesn’t change. Each of us wants to feel important and special, and we are naturally drawn to those who make us feel better about ourselves – they are the kind of people we want to be like and be around.
The purpose of communication is to convey information from one person to another. Through the choice of written and spoken words, ideas, concepts, emotions, thoughts, and opinions are exchanged. Unfortunately, miscommunication is common – the listener or reader fails to understand what is said or written. Dale Carnegie, author of “How to Make Friends and Influence People,” said, “90 percent of all management problems are caused by miscommunication.”
When you consider the tensions between men and women, young and old, friends, and family members, it seems that most people are guilty of poor communication. But it’s possible to develop effective communication skills by learning how to speak and write simply and clearly, using plain language that’s easily understood by most people.
By Michael Lewis
Historically, exchanges of value – barter systems – were done face-to-face so that participants could instantly verify the respective physical properties being exchanged. As purchasers and sellers became geographically distant, agents or trusted third-parties acting on behalf of the participants became necessary to verify the quantity or quality of the property being transferred. For example, credit card issuers are examples of a third-party standing in for a buyer, guaranteeing to the seller that the buyer’s funds are good.
In 1937, Johnson O’Connor, then the director of the Human Engineering Laboratory of the Stevens Institute of Technology, performed a detailed study of vocabulary use and familiarity with research subjects, ranging from high school and grammar school pupils, to professors and businessmen. He determined that the largest vocabularies are possessed by “major executives,” and the size of one’s vocabulary correlates to his salary. Johnson also concluded that a large vocabulary was an “important concomitant of success and financial prosperity.”
Harlen Miller, artist and author of “Slow Down Arthur, Stick to Thirty,” said, “Probably the reason we all go so haywire at Christmas time with the endless unrestrained and often silly buying of gifts is that we don’t quite know how to put our love into words.” The Christmas Season, as well as birthdays and anniversaries, are occasions of great joy, as well as frustration, especially when it comes to selecting gifts for the elderly.
While there is a plethora of gift ideas for young children, what-to-buy for parents is especially difficult for a few reasons.
According to a recent Pew Research report, more than one-half of people aged 30 or older have investments in the stock market and 80% of those making $75,000 per year or more have equity investments. These investments include individual stocks and bonds, as well as mutual funds and exchange-traded funds (ETFs).
While many suffered from the sharp decline in the market in 2008 – it lost 38% of its value – the S&P 500 closed above 1,800 on November 22, 2013, more than doubling its low of 721 on March 11, 2009. As investor confidence returns, many analysts predict that the market is going to continue its bullish behavior well into 2014 and beyond. Whether you select individual stocks or bonds or rely upon an investment manager to do it for you, it is important that you choose an investment approach fitting to your attitudes and goals.
Humanity’s first experience with compounding – the accumulation of vast numbers through the systematic addition of small sums over a period of time – came from nature, not mathematics.
Thousands of years ago in the Fertile Crescent of the Middle East, ancient humans abandoned their nomadic ways, formed the world’s first communities, and began to till the ground, raising wheat, barley, and other grains. Growing seasons concluded with reaping and storing grain, which was used during months when agriculture was not possible and other food sources were scarce.
The holiday season is also the biggest shopping season of the year. The time period from Black Friday through December 24th can mean the difference between an annual profit or a loss for some retailers. As a consequence, retailers advertise sales, extend store hours , and open online Internet storefronts to fulfill the demand for Christmas gifts. Almost two-thirds of shoppers will “showroom” their purchases by checking and comparing products online before venturing into a brick-and-mortar store, and according to The Christian Science Monitor, online retailer Amazon has aggressively matched or beat prices of retail giants such as Best Buy and Walmart.
Parents are often conflicted during the holidays when Santa Claus is ever-present in the media and community. Should the belief in an imaginary, mythical figure be encouraged? How will your child feel when he or she discovers the jolly figure in the red suit carrying a big bag of Christmas presents is not real?
While there are no definitive answers, the following information may help you make the right decision for you and your child.
The Development of Imagination
Between the ages of two and three, children begin developing imagination and engage in some form of play-acting or pretend. Most parents have experienced being served an imaginary meal, and few question whether the child actually believes the food is real.
If you are frustrated, disgusted, and fed up with the failure of Congress and the President to address the primary issues facing the country, you’re not alone. According to a Pew Research Poll, more than 80% of citizens don’t trust the government to do what is right most of the time. The fiasco over raising the federal debt to maintain America’s unrivaled credit standing was just the latest example of a Federal Government so polarized that basic legislation and critical appointments are almost impossible.
By Michael Lewis
John Gray’s 1992 book “Men Are From Mars, Women Are From Venus” confirmed what men and women have always known: The two sexes differ in their perspectives, motives, rationales, and actions. Even though the reason for the differences (nature or nurture) continues to be debated, study after study reflects similar results, and sophisticated companies have adapted their customer outreach programs to account for these differences. Everything from advertising style, message, and media, to product design, store layout, sales training, and customer service policies are designed to appeal specifically to both sexes.
The goal of every retailer is to:
By Michael Lewis
According to a study by the Society for Human Resource Management, one in five workers was dissatisfied with their current job in 2012. A Jobviate survey also taken in 2012 found that three out of every four workers are actively seeking new positions, suggesting that even those who may be satisfied in their current employment will move to a “better” job, given the opportunity. If you are currently looking for the next position in your career, you have a lot of competition.
By Michael Lewis
When I was a young husband and father, I visited an old family friend who had been in the insurance business for ages. Being concerned about the future, I asked, “How much life insurance do I need?” The old pro looked at me and replied, “How long are you planning on being dead?”
I subsequently discovered that there are popular rules of thumb used to calculate the amount of life insurance you need (8 to 10 times your annual income is typical). I also learned that each person’s situation is different, and needs to change over time. As a consequence, you should assess your situation and your life insurance need each time a major event in your life occurs, such as a marriage, birth, home purchase, new business, death, or retirement.
In 2013, Americans were shocked to learn that the National Security Agency conducted mass surveillance of its citizens by intercepting and monitoring Internet and phone traffic within and outside of the country’s borders. When challenged, government officials justified the collection on the basis of national security and ongoing threats of foreign terrorism within the U.S., believing these threats to be aided by both American citizens and foreign nationals within the country.
The disclosure ignited a debate between those advocating the need for the government to access such information and those who deem such acts a violation of the Constitution’s Fourth Amendment and an implied right to privacy. Whether the program is going be modified in the future remains uncertain.