- RT @bargainr: Life in North Korea is absolutely dreadful http://nyti.ms/dAcL26 #
- RT @bitfs: Weekly Favorites and Gratitude!: My Favorite Posts this Week Jeff at Deliver Away Debt threw together the .. http://bit.ly/9J0gGo #
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- @ericabiz Funny, we found a kitten in a box last week. Unfortunately, it was abandoned there, not playing. Now, we have a 5th cat. in reply to ericabiz #
Distraction
At work, there are a dozen coworkers who can(and do) interrupt me. Though its not in my actual job description, there are a dozen customers with my direct line.
On an average day, I get interrupted at least ten times with issues that require my full attention. When an issue requires my full attention it throws me off my stride. Is an issue requires ten minutes to resolve, discuss, or explain, and it takes another ten minutes to recover my “groove”, that is twenty minutes wasted out of about every fifty. That is almost half of my day unavailable for the things that are strictly within my job description. On a good day.
Naturally, this takes a toll on my productivity.
Avoiding Distractions
1. Warn People. If you have been allowing interruptions and distractions, it may come as a shock to your coworkers that easy time is over. Send an email to everyone who normally expects your attention.
2. Turn off your email. I check my email three times per day. Morning, noon, and night. An auto-response explaining your plan may be helpful.
3. Unplug the phone. I’m fortunate to have a “Do not disturb” button on my phone. Unplug it, turn off the ringer, or drop it in the sink. Just don’t answer it.
4. Close your door. This isn’t always possible, but if it is, do it. It provides a wonderful psychological barrier to anybody thinking about interrupting you.
5. Block the internet. If you have an opportunity to work unmolested, don’t waste it on the internet. BE PRODUCTIVE!
Now, is this a sustainable solution? I’m not sure. I work in a small company and have varied responsibilities, including reviewing potential contracts, demonstrations, and a bit of high-level customer care. It doesn’t appear to be possible to sequester myself every day, but I’m making an attempt to do so on at least once every other week.
How do you keep work distractions to a minimum?
A Well-Trained Husband
- Image by Getty Images via @daylife
I am so well-trained.
I was more than a bit wild when I was younger. For the most part, that ended when my son was born. When you procreate, it’s time to put the wild on a shelf and become a reliable provider. That’s just the way it is. Anybody who prioritizes the wild over the progeny needs to be forcibly sterilized and exiled before be sold for parts.
When my mother-in-law got a membership to Sam’s Club, she gave my wife the second card, so we effectively have a membership. For those who don’t know, Sam’s Club is a warehouse store that has some incredibly good deals and a lot of things that look like good deals because you are buying in bulk.
The thing I hate most about warehouse stores is the default accusation of theft when you leave. They require you to line up so the the person by the door can look at your receipt and pretend to count what’s in your cart while they are really scanning for the most-stolen items in the store and ignoring the rest. The only thing they really accomplish is making all of their customer feel like thieves.
I used to bypass the line and the checker and just leave. My wife got sick of the indignant screeches coming from the store as we left. Eventually she got me to stop.
Last night, I went back to pick up supplies for a fund-raiser I’m helping to organize on Sunday. I went with one of the other organizers, who had some personal shopping to do later. We checked out using his account and he paid, while I took the food home to keep until Sunday. Since he’ll be getting reimbursed for the food, he kept the receipt while I headed for the door. Anybody see the problem here?
When the receipt-checker challenged me, I docilely stepped to the side and called my friend to bring the receipt to the door. I hate the feeling of submitting to authority, especially when the authority is pretending to be customer service. I just calmly did what the door-cop told me, just like my wife wanted, even though she wasn’t there.
I hate warehouse stores.
Friends and Acquaintances
“Friends help you move. Good friends help you move bodies.”
-unknown
Some people have dozens of friends. I’m not that guy.
I have 6.
Everybody in the world can be divided into 4 categories.
- Strangers. A xenophobe’s nightmare. These are the people you don’t know, whether they are passing you on the sidewalk, or newborns on the opposite side of the world.
- Acquaintances. These are the people you’ve met, mostly in passing. They tend not to have much effect on your life. You may pass a friendly bus ride in conversation, but it’s nothing that sticks. A waitress, the clerk at the store, a friend’s latest date; these are the people you interact with for just a moment and rarely think about further.
- Friendlies. Most people call these folks friends. I don’t. I’m friendly with them, hence the name, but it’s not true friendship. Often, they are either my wife’s friends, or my friends’ wives. Sometimes, they are a friend of a friend that I only see at parties, or a coworker that I get along with, but never see outside of work. We’re friendly, but not obliged. I may help with some things, but it’s not necessarily a priority. I’ll go to a funeral, but probably won’t help plan it.
- Friends. To me, calling someone a friend is a big deal. I’m willing to do a lot for my friends. They are able to command large amounts of my time, and ask any number of favors. If needed, I’ll open my home or help demolish their’s. Loyalty, honesty, trust, respect, and companionship are all a part of my definition of a friend. If a friend needs help, I’ll come running. In return, I expect the same.
Family tends to fall into the same analogous categories.
It sounds cold, but I hesitate to let people graduate into the final category. My wife used to try to “set me up” with people that she thought I’d like to be friends with, thinking I was sad to have so few friends. It took years for her to realize that I was happy. It’s a matter of quality over quantity. Most of the friends I have, I’ve had for 10 years or more. I’ve known each of them for at least 5 years, not that time is a requirement.
Moving people into the “friends” category is a lot like dating. You get along, so you invite the potential friends out for a drink, one on one. You feel them out to see if they are compatible. You meet their families, share some food, build some history. If it all works out, eventually, you consider them a true friend, even if you couldn’t mark the date of the transition.
You wouldn’t marry everyone you date, so why would turn everyone you basically get along with into a friend?
Do you have a lot of friends? What marks friendship for you?
Bonding Relationships
People can’t be happy in a vacuum. We are social creatures. Even the most anti-social among us needs some human contact. How can you make that contact happen in a meaningful way? How can you connect with other people beyond some superficial meaningless chatter?
According to Keith Ferrazzi in his book, Who’s got your back, there are four mindsets necessary to build lifelong relationships.
1. Generosity. This is your promise to help others succeed. If have a skill that can help someone you know, why not give them a hand? when you help others, you are building social capital, which is a currency that cannot be bought. Since our lives are not ledger books, you can’t do favors with repayment in mind, but it is reasonable to assume that the people ou help will want to help you some day.
An often overlooked generosity strategy is to give away 90% of everything. I’m not suggesting you give away 90% of your wealth or possessions. I’m suggesting you give away 90% of your personal product. Plan to give away 9 times more than your receive. This will not only keep your from being disappointed, but it will also leave you feeling very fulfilled.
2. Vulnerability. It is important to let down your guard and let the world see your humanity. It’s almost impossible to truly connect with someone who’s shields are always up: the guy who seems to be invulnerable and unapproachable. The people you spend time with know your flaw anyway. If you pretend they don’t exist, you are only fooling yourself. I have a lot of problem with this one. Letting down my guard is incredibly difficult, in almost every circumstance. It is far easier to be strong than to let myself be vulnerable.
3. Candor. Total honesty is vital to establishing–and maintaining– lifelong relationships. Even the white lies can destroy your connections. If you can lie about the little things, you are planting doubts on everything else you do and say. Who can trust you then? Lying is inappropriate in almost all conceivable cases. I was raised that a man’s word is his bond. Almost everything you have can be taken away from you, but not your honor. That can only be destroyed by you. Without it, what do you really have?
4. Accountability. You need to follow through on your promises. Be Mr. Reliable(or Mrs!). If you say you will do something, do it! Nothing builds resentment faster than disappointing the people who are counting on you. If you can’t meet a commitment, let the soon-to-be-let-down know as early as possible, so other plans can be made. If you have a hard time keeping promises, then make fewer of them.
If you embrace these principles, you will be well on your way to building–and keeping–strong, satisfying relationships that benefit everyone.
How do you build your relationships?
Top 7 Reasons To Trade Forex Over Other Financial Instruments
This is a guest post provided by ForexTraders.com
The foreign exchange market has literally exploded over the last 10 years. Before the 1990’s, the only players allowed to speculate in the forex market were banks, large hedge funds, and very wealthy individuals. The reason was simple. The minimum contract size was usually $100,000 and it ranged up to $1,000,000; therefore, most traders simply could not afford to trade in the market. The advance of technology and internet changed that. Today, traders can open an account with as little as $100 and begin trading in the spot fx market. This change has caused traders around the world to rush into the market and the Bank of International Settlements now estimates that average daily turnover in the fx market is around $4 trillion! Let’s examine a few of the top reasons why the fx market is drawing so many traders.
Leverage
In the United States, traders that engage in fx trading can leverage 50:1. Leverage was much higher in recent years, but government regulations have now capped leverage at 50:1 effective late October. This means that a forex trader can control a position of $50,000 with only $1,000 on deposit with his broker. Leverage is definitely a two-edged sword that can help a trader garner very quick and substantial profits, but it can also lead to debilitating losses and should therefore be used with caution.
Liquidity
The huge amount of volume that is present in the forex market each day makes it basically impossible for any single financial institution or even group of market participants to manipulate price movements. It also makes it much easier for large traders to enter and exit the market without trading against themselves, which is a common problem in the stock and commodity markets.
24 Hour Market
The forex market is a loosely connected network of international banks; therefore, the market never closes from Sunday evening until Friday afternoon. Liquidity simply flows from financial center to financial center as time zones open and close business operations for the day. This is a huge advantage for small, retail traders because those who still have full-time jobs can trade at night.
Small Initial Account Size
Traders can open accounts with as little as $1 at some brokers, and then trade positions where each 1 point movement is equivalent to $0.01 (in the U.S. this would be lower since the leverages are capped at 1:50). This will obviously never get a trader rich, but it does allow traders a very low risk entrance into the market. Traders generally need $20,000 in order to day trade the stock market. This very low account size at an online forex broker is a big draw for many traders.
Long Trends
The currency market tends to develop very clear, long trends. It is not uncommon for specific currencies to head in the same direction for 5+ years. Of course, there are many dramatic price swings that make real-time trading difficult and challenging, but a quick look at longer-term currency price charts makes it clear that currencies develop strong trends.
Macro Economics
The currency market is very big picture-based. This means there are not a million and one little things that a trader has to track as is common in other financial markets. Currencies react to major macroeconomic developments around the world. Seasoned fx professionals argue that this makes the job of economic analysis much different in the currency market.
Continued Growth and Volatility
The foreign exchange market is expected to continue to grow in coming years, and volatility is expected to remain quite strong as the world continues to move toward a more globalized economy. As globalization continues to change the world economy, investor interest in currencies will most likely continue to grow steadily.
Jason’s commentary: I’ve never looked into forex trading, mostly because I’m not in the “invest & grow rich” stage of my financial life. Have you invested in the forex market?
