Once you have a family or start concentrating on your career, retirement might escape your mind. Before you know it, you may only be left with a decade or even a few years to your retirement. If you plan for it, you should have a very successful and comfortable retirement. To make this happen, you need to start a retirement fund. Such a fund will look different for everyone, but the overall theme is investing as early as possible. In this article, we will look at some alternative investment vehicles so you can start investing for your retirement as early as possible.
Certificate of Deposit
A certificate of deposit is an arrangement where you lock your money for a given period. You earn interest on this money for every period, monthly or annually, that the money is in the account. When redeeming your money, you will be handed back your initial investment plus all the interest it has gained.
When choosing one, ensure that the interest rate is higher than inflation. This is because if things are the other way round, you might have more money with lower buying power at the end of your contract.
Gold & Silver IRA
A gold and silver IRA is an individual retirement option that lets you invest in precious metals instead of the conventional bonds, stocks, and other investment options. These IRAs are a great option because gold and silver have grown in value in the long term, which is how you should be viewing any retirement investment option.
Precious metals protect your retirement investment because they have reduced volatility and risk compared to other options. They have been able to withstand economic downturns, which is also the reason why many people invest in gold when the economy starts taking a downturn.
The best way to invest in a gold and silver IRA is through a precious metals IRA platform. Companies like Noble Gold Investments provide you with the platform and avenue to protect your retirement, diversify your portfolio and secure your retirement using IRAs backed by gold, silver, and other precious metals.
You can buy annuities to create a personal retirement plan. Annuities provide you with a guaranteed income for the rest of your life. The key is knowing which arrangement would be better for you. Deferred annuities are paid into and paid out at a date that you set. Immediate annuities start paying out as soon as you put money into one.
Fixed-rate annuities pay you a guaranteed rate of return for the rest of your life. Variable annuities will pay depending on the performance of certain underlying investments such as mutual funds.
Deferred annuities with a fixed rate are great because you can pay into them for as long as you like and know exactly how much you will get every month. With immediate variable rate annuities, you might get more money when underlying investments perform better, but you risk not getting anything if underlying investments tank.
Planning your investment early is always best because of the power of compounding interest. In addition to the three options discussed above, you can diversify your retirement fund using other traditional investments like shares and bonds.
Nigerian’s Utility Bills Surged by N733.74 Billion in Three Years- NIBSS
Data obtained from the Nigeria Inter-Bank Settlement System Plc (NIBSS), revealed an increase of 387.19 percent in the usage of e-bills payments from N189.50bn recorded in the first four months of 2019 to N923.24 billion recorded in the same period of 2022, leading to N733.74 billion increment within three years.
Investors King gathered that the channel of payment recorded sustained growth as N716.99bn was paid between January and April of 2021, while N923.24bn was paid in the corresponding period of 2022.
E-bills payment, according to the Nigeria Inter-Bank Settlement System, is an accessible and smooth account-based e-bill payment channel with online real-time transaction reporting, biller notice, and easy reconciliation.
It said, “e-BillsPay is an electronic bill payment platform that facilitates the payment of Bills, Fees, Levies, Premiums, and Subscriptions, etc. by the banking public through electronic payment channels provided and managed by Banks.”
Accordingly, e-BillsPay touch points include bank branches, Internet banking, mobile banking, USSD, and agent networks.
The National President of the Association of Mobile Money Agents in Nigeria, Victor Olojo, commented on the growth of the payment channel, saying that mobile usage was driving the increase in e-BillsPay.
He said, “Primarily, the increase in mobile usage and mobile payment has helped very aggressively in e-bills payment as people now have access to mobile phones and are now able to do payments themselves.
“Secondly, financial inclusion; more people have access to finance and that way they can link their accounts to their mobile numbers to carry out transactions. Also, a bulk of e-bills payments have to do with utilities, PayTV, and power. More Nigerians have been able to embrace mobile banking.”
According to him, this uptick is likely to persist as payment ease improves. He went on to say that as the population grows, more people would be able to use this method of payment.
What to Expect from Sales Leadership Training
Everyone has a fond memory of a schoolteacher that they hold close to their heart. Maybe it was Mrs. Billingsley who taught you second grade and gave you your first taste of deer meat and exposed you to a whole world you never knew about. Maybe it was Mrs. Flanagan who taught you ninth grade English and told you that you should be a writer. Or maybe it was a gym teacher who saw you shooting hoops and told you to try out for the team and changed the trajectory of your life.
No matter what age or subject, all of these teachers had something in common. They reached out to you and made you see yourself as more than just a number passing through the halls. The feeling they gave you made as much of an impression on you as the words you used.
You also probably have a memory of a bad teacher, as well. It may be even more vivid than your impression of your good teacher. Maybe it was Miss Janus, the gym teacher who told you that you would never amount to anything. Or maybe it was your high school guidance counselor who accused you of plagiarism without having any proof.
Good or bad, the people who instruct us can have a huge impact on our lives.
When it comes time to hire someone to conduct training for sales leadership, you want to be sure you’re setting your managers up for success. A good trainer will have all the same skills as a good teacher. They will be patient, empathetic, and kind. They will be detail oriented and come in with a clear action plan. And they will make an impression that will be felt across your company for years to come.
When to Train
Your company probably already performs periodic training in-house. Training usually coincides with new product launches and are primarily to keep the sales staff and management knowledgeable about products and processes.
But if you’re only engaging in this kind of training, you’re missing out. Every year, science discovers something new about the human mind. If you want to stay on the cutting edge, your managers need to be kept up to date on the latest tools and techniques for managing people.
A good sales team is only as strong as its manager. Sure, one or two salespeople might have success on their own. But a good manager can make everyone function at a higher level, not just a select few. Take a look at the numbers. Maybe you could benefit from training.
Or perhaps you’ve noticed that your sales are dropping across the board. Perhaps your company leadership has already tried combatting this drop. Maybe they’ve investigated the product quality. Maybe they’ve set new quotas or offered new premiums to the sales team, and nothing has worked. Click here to learn more about training.
That is also a perfect time to invest in a dedicated professional to come talk to your leadership team about new, effective methods to help motivate and inspire.
Business in Literature
The great tome Moby Dick by Herman Melville has a lot to say about whaling and life on a boat. At over eight hundred pages, frankly, it has a lot to say about a lot of things. It is a book that is thought by many to be one of the greatest novels ever written. It is deep and informative and action-packed.
One of the observations made by the main character is just as true on an eighteenth-century whaling boat as it is in the modern business world. Ishmael at one point describes the power structure onboard.
Long before Carl Jung wrote about archetypes and introverts and extroverts and all manner of insights into the human mind, Melville understood these core truths. His character remarked in the novel about the different kinds of people who were best suited to be first mates and captains.
First mates had to have great people skills in order to do their job well. They were responsible for coordinating an entire crew. On a larger ship, that could mean hundreds of people. They came from all over the world and ranged in age from teenagers all the way up to senior citizens. Being able to communicate clearly with all those different people was a highly honed skill.
Captains needed an entirely different skill set. They were responsible for setting the course, securing the finances, and keeping the boat in good working order.
Many a first mate was promoted to captain only to find that their skillset was virtually useless. The leadership at these companies failed to see what skills were necessary and promoted through the ranks. This led to people like Captain McClusky who famously captained the H.M.S. Bounty into an ice floe near the Arctic circle. Through a series of poor decisions, McClusky damned his entire crew to death.
This is all to say that good leadership training can help your company from being left out in the cold, so to speak. Training can help your leadership team recognize the different types of personalities and give them the tools they need to tailor their message to each type. Click the link: https://www.today.com/health/personality-types-average-self-centered-role-model-or-reserved-t137902 to find out more about the four personality types and how to best work with them.
Training can help you maximize the human capital of your company.
3 Reasons to Invest in Solar Generators
Solar energy is a potent, reliable, and renewable source of energy. In a world plagued by the encroaching and worsening effects of climate change, solar energy appeals to many people and businesses. If you’re looking for reasons to invest in solar energy, we have several reasons and statistics that we believe will motivate you to switch from fossil fuels to solar energy.
Reason #1: Job Creation
Alternative energy sources are all job creators. From the labor needed to create portable solar generators to the actual efforts needed to develop lands to install solar panels and other technologies to harvest the sun’s energy, solar creates jobs. And the jobs created by this kind of energy will have a significant effect on the economy.
Solar energy will significantly affect the economy in many ways, but perhaps the most prominent area is economic opportunity. Businesses that are the first to recognize the vast potential of solar energy will be businesses not only survive the transition but also thrive in it.
It can be scary to think about making such a massive shift, especially if other businesses in your industry are continuing to use fossil fuels. But if you limit your business to following traditions and norms set by your peers, you miss out on a chance to cut down on unnecessary expenses. It will keep your company from being a trendsetter.
Reason #2: Affordability
Perhaps the biggest reason to invest firmly and quickly in solar energy is its affordability. Solar power is cheaper than fossil fuels by a number of cents per kilowatt, and the gulf between the prices is estimated to continue to increase in the future.
There are obvious factors, such as the necessity of a transition away from fossil fuels and the likelihood of an emergent solar energy industry in the country’s future. But besides those considerations, on a purely pragmatic scale, affordability is the finest argument to make the leap.
More homeowners are switching every year, and businesses are also coming on board because of the cost savings. For investors, following the money is the surest investment strategy. And right now, the money is in solar.
Reason #3: Assurance
This power source has one advantage that others do not. We can trust it implicitly. Not only is the technology to collect it there, but the sun itself continually produces a phenomenal amount of power every single day.
Provided we continue to put the technology we currently possess to gather this wellspring of clean power to use, we will never have to worry about running out of the power we can possess.
Beyond the simple fact that the sun will be there, churning out sunlight every second of every minute for the future, solar energy itself is deeply reliable. We do not need to fear our power source running out, turning off, or even being stripped from us. In a world of uncertainty, that assurance is worth its weight in gold.
The future will rely on various sources of power. But one of them, possibly the most significant single source of power, will be solar power. Investors need to decide if they’ll be ahead of the curve or catch up while their peers and competitors dash ahead of them.
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