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Showing posts from August, 2021

Understanding Risk - Currency Volatility

At first glance, one would think that a countries politics would not affect how businesses operates on a daily basis, but if one were to look at it from a macro perspective, a countries stability in politics actually affects businesses in a major scale. One of the major factors that can affect a business, especially those that outsource globally is the currency volatility. Imagine a business that relies heavily on sourcing its raw materials from a different country and one day out of no where, the currency of the country its buying from increases by 20%, this would become an outright disaster for the company expenses and the company can do nothing to affect this as the prices agreed upon is still the same, because the currency of the country you're from has dropped or the other country currency has continuously become stronger. It is important to note that having a stable currency for your own countries currency is not enough as depending on the country you're buying from, the ...

SMART Goals

 Specific, Measurable, Attainable, Realistic, and Time-Based Overall Goal: Be rich Specific: Earn enough money so that I can retire and not work for the remainder of my life (Approx $2m AUD) Measurable: Minimum 25% of each paycheck goes to savings Attainable: Get a better job that pays better Realistic: Avoid doing anything that I will regret Time-Based: Start saving now, retire by the age of 40

How to Speak so That People Want to Listen

  The human voice is a powerful tool that we use on a daily basis, but sometimes people don’t listen or pay attention when you speak. The goal of today is to change some of our habits and implement some exercises and idea to train our voice and get people to listen when we speak.   The most important thing is to understand our speaking habits. There are 7 speaking habits that we may practice that are causing others to not pay attention to us. These 7 habits are gossip, judging, negativity, complaining, excuses, penultimate (exaggeration), and, dogmatism (the confusion of facts with opinions). We can roughly classify all these habits as a negative way of speaking that turns people away from you.   What we should do instead is practice “hail”. Hail stands for honesty, authenticity, integrity, and love. These are all positive way of speaking that not only enriches your way of speaking, but also makes you a better person. Furthermore, we can also improve our way of ...