Disclosure: This post contains affiliate links and we may receive a referral fee (at no extra cost to you) if you sign up or purchase products or services mentioned.401(k) mistakes have the potential to easily ruin your retirement savings. If you have the opportunity to contribute to a 401(k) plan at work, hopefully, you’re taking advantage of it. But even if you do, most of us just hand over our money and don’t think any more of it. That’s a problem – potentially a big problem and one that can cost you thousands upon thousands of dollars if you’re not careful. The good news is that these 401(k) mistakes are easily avoided – you just need to know what to look for.
I had to fire an employee today. I’ve let a number of people go over the years and it’s never something anyone enjoys… not me as the manager and certainly not the employee. But, it had to be done. His performance was definitely sub-par and it was affecting relationships with customers and hurting morale with good employees. Here’s the thing, though – it doesn’t matter. It doesn’t matter that it went as good as it could go. It doesn’t matter that he knew it was coming. It doesn’t matter that we gave him a decent severance. Unless you’re made of stone, it’s just horrible to have to sit down with a good person, completely disrupt their life, and cause them some amount of
Disclosure: This post contains affiliate links and we may receive a referral fee (at no extra cost to you) if you sign up or purchase products or services mentioned.A good friend of mine at work recently said he’s struggling on his month of trying not to spend money on non-essentials. He said he’s already had to spend $250 on a plumber and $200 to renew his identity theft protection for the year. Ok, well that makes sens— wait, WHAT?! $200 for identity theft protection?!! Holy mackerel!!! First of all, I’ve always wanted to work the phrase “holy mackerel” into a post, so mission accomplished. Since that’s out of the way, maybe now we can focus on the topic at hand…
Sometimes I can’t help but shake my head that we as a society feel compelled to buy crap just because we feel we “need” it. There are millions of people here in the U.S. that, although not by choice, manage to live on $2 a day. But when it comes to the middle class, even with increasing salaries, most families buy and buy and still feel like they need more stuff. Why? Why do people love to waste their hard-earned money on crap? I’m not above this, but I think I’ve changed tremendously over the past decade. I’ve really become much better at just living more simply. When I was working during my college years, I was a spender. I’ve talked about how I
Disclosure: This post contains affiliate links and we may receive a referral fee (at no extra cost to you) if you sign up or purchase products or services mentioned.If you’ve been working long enough, you’ve probably been a part of or know of a company that has needed to layoff some of its employees at one point or another. It’s never a pretty situation for anyone – obviously, the employee doesn’t like ’em, but most managers and bosses hate having to go through this ordeal as well. In Sam Dogen’s book, “How to Engineer Your Layoff,” he talks about how to take a grim situation like a layoff and actually turn it into a positive… potentially a huge financial positive. Those of
When I used to think about disability insurance, it used to be a “yeah, yeah…” subject for me. In fact, if you asked me a year ago if I should buy disability insurance, I would have told you that I was already covered. Here’s the problem… I’m really not. I’ll talk about the “why not” part shortly, but first, let’s dig into what disability insurance is all about… What is disability insurance? Disability insurance is intended to help cover you in the event that something happens to you rendering you unable to work (partially or fully). This could be some kind of accident or a sickness that makes it so you can’t perform your regular job duties. And, if you can’t work, you’d