Wednesday, November 27, 2019

You may not believe the age Millennials stop taking money from their parents

You may not believe the age Millennials stop taking money from their parentsYou may not believe the age Millennials stop taking money from their parentsHow long does it take before Millennials stop making regular withdrawals from the Bank of Mom and Dad? Longer than you think. The Ascent from the Motley Fool surveyed 1,003 Millennials about the touchy topic of relying on your parents money as an adult.Nearly two-thirds (63%) of Millennials are at least somewhat dependent on their parents. While a majority (72%) would like to be able to have their parents stop paying for their lives as soon as possible, nearly a third (28%) are in no rush to be cut off.Only 37% of millennials are financially independent from their parents, and of those, 56% feel prepared to handle their own financesMeanwhile, financially dependent millennials from ages 30-38 use their parents money to pay for 33% of their spending per month.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happ iness, Productivity, Job Satisfaction, Neuroscience, and moraHere are the top things parents pay for in fullPhone bill 13%Car insurance 10%Health insurance 8% (Millennials arent covered on their parents plans after age 26)Rent/mortgage 7%Video/streaming services 7%Groceries 5%And heres what parents chip in for partiallyGroceries 12%Rent/mortgage 8%Student loan payments 6%Car insurance 6%Out-of-pocket medical costs 5%Phone bill 5%Surprisingly, their parents dont seem to mind paying only 22% of parents are pushing their children to be more financially independent.All this help made the recipients feel a variety of ways.Its a long and winding road financial help doesnt end when a child starts college, or end when they graduate. Student loan bills kick in, and entry-level job salaries are low. Rents are high in the cities that Millennials are increasingly flocking to, and it can be hard to get a raise.It might not come as a surprise that the average Millennial reaches financial indepen dence, on average, at the magic age of 31 years old.And heres the rub despite this independence, 43% of Millennials say they wouldnt pay their parents back (if they asked) for all those purchases since they turned 18. Were betting that their parents wouldnt think of asking anyway.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from jngste im bunde Franklins daily schedule that will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people

Friday, November 22, 2019

9 types of people who never succeed at work

9 types of people who never succeed at work9 types of people who never succeed at workExperience and knowledge are rapidly losing their relevance to success in the workplace. Harvard economist David Deming studied workplace tasks from 1980 to the present day and found that those that emphasize social skills grew by a whopping 24%, while tasks requiring technical know-how and intelligence experienced little growth. Deming also found that salaries increased the most for jobs that place extra emphasis on social skills.With the increasing emphasis on social skills, those who lack them stand out like a zebra in a field of horses. We all know the types the person who wont stop talking when youre trying to meet a deadline, the one who blatantly takes credit for your ideas, or the one who callously leaves you to pull an all-nighter to fix their mistake. The list goes on.There are a lot of otherwise intelligent people out there who cant stop shooting themselves in the foot. Sadly, their lack of self-awareness and social skills are massive detriments to their careers.Social skills and self-awareness are matters of emotional intelligence (EQ), and TalentSmarts research with over a mio people has shown that emotional intelligence is responsible for 58% of job performance. Those who lack emotional intelligence are at a significant disadvantage.Failure isnt fatal, but failure to change might be John WoodenThere are certain types of people whose lack of emotional intelligence harms their careers mora than others. By studying them, you can avoid becoming one of them, and, if your reading experience is anything like my writing experience, youll see bits of yourself in some of these profiles. Usethatknowledge to build your self-awareness, make adjustments, and grow as a person.The cowardFear is an extremely powerful motivator. This is why presidential candidates tell people that their opponent will destroy the economy and advertisements warn that smoking kills. In the workplace , people overcome by fear resort to irrational and damaging behavior. Cowardly colleagues are quick to blame others and to cover up important mistakes, and they fail to stand up for what is right.The DementorIn J. K. Rowlings Harry Potter series, Dementors are evil creatures that suck peoples souls out of their bodies, leaving them merely as shells of humans. Whenever a Dementor enters the room, it goes dark and cold and people begin to recall their worst memories. Rowling said that she developed the concept for Dementors based on highly negative people- the kind of people who have the ability to walk into a room and instantly suck the life out of it. Dementors suck the life out of the room by imposing their negativity and pessimism upon everyone they encounter. Their viewpoints are always glass half empty, and they can inject fear and concern into even the most benign situations.The arrogantArrogant people are a waste of your time because they see everything you do as a personal ch allenge. Arrogance is false confidence, and it always masks major insecurities. A University of Akron study found that arrogance is correlated with a slew of problems in the workplace. Arrogant people tend to be lower performers and more disagreeable and to have more cognitive problems than the average person.The group-thinkerGroup-thinkers choose the path of least resistance and are famous for propagating the this is how weve always done it mentality. If you find yourself getting brainwashed with what everyone else believes, be careful the status quo never leads to greatness.The short-changedThe short-changed are quick to blame their lack of accomplishment on a lack of opportunity. While a lucky break may put a little wind in a successful persons sails, they got where they are through hard work. What the short-changed dont realize is that their attitude is whats short-changing them, not their circumstances.The temperamentalSome people have absolutely no control over their emotions. They will lash out at you and project their feelings onto you, all the while thinking that youre the one causing their malaise. Temperamental people perform poorly because their emotions cloud their judgment and their lack of self-control destroys their relationships. Be wary of temperamental people when push comes to shove they will use you as their emotional toilet.The victimVictims are tough to identify because you initially empathize with their problems. But, as time passes, you begin to realize that their time of need isall the time. Victims actively push away any personal responsibility by making every speed bump they encounter into an uncrossable mountain. They dont see tough times as opportunities to learn and grow from instead, they see them as an out.The gullibleYou cant help but feel sorry for the gullible type. Theyre the ones who find themselves babysitting the bosss kids the morning after pulling a late night of work . . . on a Sunday For whatever reason, gullible peo ple (often newbies) go with the flow until the gentle river becomes a tumultuous ocean. Its okay to negotiate your salary, its okay to say no, and its okay to question the way things are done. Youll earn a lot more respect if you stand up for yourself when the time is right.The apologizerFor every person out there who owes an apology, theres another who apologizes too often. People who lack confidence are always apologizing for their ideas and actions. They fear failure and believe that apologizing will act as a safety net. Instead, unnecessary apologies cheapen their ideas and make them less likely to stick. Its important that your tone of voice and body language reflect the importance of your ideas. Stating an idea or opinion as a question is just as bad as apologizing. If you really believe something is worth sharing, then own it and share it with confidence.Bringing It All TogetherNone of these behaviors are a career death sentence because they can be eradicated through improved emotional intelligence. All it takes is a little self-awareness and a strong desire to change.Travis Bradberryis the co-author ofEmotional Intelligence 2.0,and the cofounder ofTalentSmart.This article first appeared on LinkedIn.

Thursday, November 21, 2019

The 6 Mindset Principles of Successful People

The 6 Mindset Principles of Successful People The 6 Mindset Principles of Successful People speciesicle by Julian HayesThe path to accomplishing your biggest dreams and goals has never been clearer, thanks to the wealth of information on personal and professional success now available.However, just because the price of admission to the game has decreased, that doesnt mean the journey will be a cakewalk. That said, its also not quantum physics. In reality,all that separates getting what you want and falling short is a small gap, and it all comes down to your mindset.If youre looking to become the best version of yourself, youll need to implement certain mindset principles - the same ones the most successful people adopt. Start with these six1. Keep Your Word to YourselfWhen you do what you say youre going to do, you build self-respect and a positive identity. Successful people understand that every time you break the promises you make to yourself, you feed your identity as an impos tor and weaken your self-confidence as a person of action.For example, if you commit to exercising 30 minutes each day, then do it. Regardless of the outcome, your character is being positively molded, and that will generate momentum along your journey.2. Use Envy to Your AdvantageWanting something you dont currently have is a behavior rooted in your DNA, but just because its a normal feeling doesnt mean you cant control it or leverage it to your benefit.Successful people understand that beneath the layers of envy lies a core need they desire. Ask yourself why you feel envy. If youre eyeing someone elses money, for example, figure out what that money would represent for you. Most often, its time and freedom. Once you know the root cause of your envy, you canfind ways to gain the things you actually want - like time and freedom - right now while building your dream.3.Dont Pity YourselfOne of the biggest differentiators between those who stay the course of personal growthand those w ho get off track is the ability to rebound quickly from setbacks. Successful people understand that life isnt fair and that theyre not entitled to anything. They also understand that wallowing and making excuses for themselves only zaps their personal power.When you blame external circumstances, youre effectively giving your personal power away. The key in life is not what happens to you, but how you react to what happens to you.4. Understand That Failure Is FeedbackFailure is about perspective. In fact,there is no such thing as failure unless you deem it to be so. Successful people understand that failure is an illusion created inside their minds, and they perform mental alchemy to construct empowering realities instead. When successful people chase after a goal, two things can happen They either achieve their desired result or get feedback. Falling short of your goal isnt a failure, its a lesson you can use for next time.5. Operate With an Investors MentalityJust as the stock mark et always experiences fluctuations, your personal journey will experience peaks and valleys. Investors who stay long term with their investments despite the flux are often rewarded for their patience. This same logic applies to your personal development. Successful people understand that emotions and outcomes rise and fall along the way. The key is to stay the course and view the journey as a marathon, not a sprint. Operate with an investors mentality and delay gratification today for something great tomorrow.6. Fixate on the Vision, But Be Flexible on the DetailsThink of your goals as the destination andyour various actions, habits, and strategies as your vehicles. Numerous potential vehicles can help you arrive at your desired destination the key lies in finding the right ones uniquely suited to you. Successful people are stubborn with what they want, but they understand that arriving at the end destination will involve detours and unexpected side roads to explore. What gets you t o Point A wont necessarily get you to Point B.As you keep growing and progressing, you need to continually evolve and be open to new ideas. If you dont or arent, then you could miss opportunities and further extend your timeline.A version of this article originally appeared on SUCCESS.com.Julian Hayes II is the founder of The Art of Fitness Life. He is an author, health and wellness consultant, and speaker operating at the nexus of creativity, health, and business. His mission is to help you integrate health and wellness into a life you love while increasing your energy, productivity, and performance at work. His book, Body Architect, is a real-world guide designed to help you create a life you love while creating a body you love.