Global Slowdown, plan your career and finances

How are you doing?  Here I found very good article regarding managing finance during slowdown. I hope it this will help you in to manage future decade for your career and finances. Also, Let’s hope Indian economy will continue performing good and survive with global economy crisis.

We’ve learnt our lessons the hard way. But rather than wait for the next
recession blow, one can play it safe.   Sanjeev Sinha  ( The Economic Times)

10 points that can equip you to deal with similar situations

THE OVERALL impact of the financial meltdown, which is certainly huge, is
now evident across the world. Particularly, the pain of job losses and drop
in savings is being felt everywhere. This, in turn, has instilled a sense of
fear and cynicism in the minds of investors globally. Still, while we are
making vast efforts to extricate ourselves from the current crisis, little
effort is being made to prevent the next one. Rather than wait, however,
there are many things which can be done now to avoid another crisis, or at
least cushion the blow when it comes. Listed below are 10 personal finance
lessons we can and should learn from the meltdown:

CONTROL EXPENSES & STICK TO THE BUDGET

You are more likely to face financial problems, if you have been extravagant
in your expenses. However, in a bid to tide over the current crisis and also
avoid such crises in future, you need to adhere to some financial
disciplines, and making a budget and sticking to it is one of them. Sticking
to the discretionary budgets, in fact, can help you handle the uncertainty
in the non-discretionary expenses.

9 to 5 Office Worker Will Become a Thing of the Past

In your personal life, when attending to business or working on side
projects, how often do you spend 8 consecutive hours in front of a
computer? It doesn’t make sense because we lose the ability to
concentrate effectively within a few hours.Everyone goes through
alternating periods of high and low mental acuity. There are days
when I work on personal projects for well over 8 hours, but the time
is always divided into multiple sessions. I might spend a few hours
coding a design, a few hours writing, and a few hours reading feeds,
moderating comments, and responding to email.

I work this way because it aligns with my mental energy cycle. Any
more than 3 hours in front of a computer and my eyes start hurting
and I become restless. I lose the ability to do my best work.
Instead of forcing myself to continue, I switch to an activity that
allows my mind to recharge. These breaks maximize productivity by
eliminating down periods. It’s counter productive to force work when
the mental energy isn’t there.

The Problem with an 8 Hour Work Day

A continuous 8 hour work day is a relic of the past. It makes sense
for physical labor and manufacturing work, but with information
workers it doesn’t account for the mental energy cycle. The ability
of a factory worker to think analytically is irrelevant, he’s either
cranking widgets or he isn’t.

In the case of the modern information worker, nearly all tasks
involve creative or strategic thinking. The way someone answers an
email or interprets a piece of information can differ drastically
depending on his or her energy level. Nobody does their best work
5:30 in the afternoon after they’ve been sucking down coffee all day
to stay awake.

What is work-life balance?

In the simplest explanation, balance in life means ‘time for everything’. Work-life balance means you undertake and enjoy the responsibilities and workloads of both, your work and your family life. Balance doesn’t necessarily mean having more free time. But it does mean that you utilize every moment in a way that is as pleasant and productive for your own living.

Restore the rhythm of your life

Tips to balance your WORK and LIFE

Life is more than a series of meetings- emails and presentations. But when you get a job in one of your dream companies, when you start working, when responsibilities haunt you from behind, you tend to miss life somewhere under a pile of tensions and deadlines.

Since no steps are taken to bring back that LIFE into your life, by the time small tensions grow up to big diseases and deadlines broaden to your lifetime.

Absence of a work-life balance is commonest in today’s professional lives. Responsibilities are the criminals here. When your work demands more responsibility from you, the other side of your life starts struggling. When life, importantly personal or family life, calls for more attention from your side, your professional focus sinks. This kind of an aimless, unbalanced life-flow offers you tensions and stress lavishly and you fall as an easy victim to the diseases every time. No wonder, very strange and rare diseases befall, as you struggle from all the spheres of your being, the physical, psychological as well as the spiritual being.

Living a Slowly Life – Slow Down and Do Less, Slowly

We live today in the most hectic and feverish world. For the most of us each day seems to be a race; a daily race or “rat race”, an exhausting daily routine that leaves you no time for rest and relaxation. What is alarming is that the speed of this race increase from day to day, we become a sort of “speedaholics”. And as if this wouldn’t be enough we borrowed from the PC world the concept of multitasking (running two or more tasks at the same time) and try to implement it in our daily life. We want to do more because, in this era of consumerism, almost all of us are conditioned to want/have more. Rarely we take into account to be more, to think and feel better rather than do and have.