Medical bills and poor or declining health are among the top reasons people struggle financially in the US. In fact, medical expenses are the number one reason why people in the US go bankrupt. Add to this not being able to work due to a health condition or illness, and it doesn't take an expert to see how much you will struggle with day to day expenses and living costs.
Not everyone is afforded the luxury of all-inclusive or even generous health coverage, and many people are left facing financial ruin due to not having a trip to the emergency room, never mind dealing with the ongoing cost of treatment for cancer or health conditions such as getting insulin for type 1 diabetes.
Have you ever considered what will happen if you cannot work due to a health condition or a prognosis for mesothelioma for you or a loved one?
Sadly, the bills won't pay themselves, and not everyone will qualify for government assistance or help with healthcare costs. Around 44 million people in the US have no healthcare coverage, and around 38 million people have inadequate health care costs.
Being able to avoid becoming destitute due to needing healthcare, did you know the average cost of cancer treatment is $150,000 and is around four times higher than the treatments? Financial planning is a must.
Even if you have decided not to contribute to a 401k, having some sort of life savings or insurance policy in place for a rainy day is vital.
Even putting a small amount of money away each payday can build into substantial savings over time if you can avoid dipping into them. Saving just $100 per month will give you $6,000 after 5 years, and while this isn't a substantial amount, if you are unable to work, this could be the difference between paying your rent or becoming homeless. Breathing space to allow yourself to get treatment or recover from an accident thanks to even small savings will be a lifesaver in an emergency.
Critical illness insurance can pay for expenses that traditional insurance does not cover. Benefits include being able to use payouts for medical care, expenses, and living costs, which aren’t allowed under typical health insurance plans. The funds can also be used for non-medical expenses associated with the sickness, such as transportation and child care. In most cases, the insured will get a lump sum payment to cover these expenses. Depending on your policy, you could be eligible for anywhere from a few thousand dollars to $100,000 in coverage. Many factors influence policy pricing, including the amount and scope of coverage, the insured's sex, age, health, and family medical history. Be aware that many covers have exclusions, including some types of cancer, and chronic illnesses are typically not covered.
Another option is to look at income protection policies. The cost of your policy is deducted from your wages and can typically reimburse you 50-70% of your income for a wide range of reasons if you are injured at work or unable to work. Like with other insurance policies, check the small prints to know what you are paying and what type of payouts are available to you should you need to claim.Read more
What’s technical analysis and how does it differ from fundamental analysis? What traders should use it for a trader’s edge? If you want to start using technical analysis, where do you begin?
This article discusses the many ins and outs of technical analysis. No matter where you are in your investing journey it helps to gain a deeper understanding of this trading method that has been around since the late 1800s. Continue reading to learn more about technical analysis.
Technical analysis is a trading strategy that uses trend analysis to predict and identify trading opportunities by analyzing statistical trends from trading activity, such as price movement and volume.
A few things to remember when learning about technical analysis:
Fundamental analysis evaluates securities value based on business results such as sales and earnings. Technical analysts focus on price and volume. Traders who use this strategy incorporate tools that evaluate changes such as price, volume, and implied volatility.
More often than not, traders use technical analysis to generate short-term trading signals from various trading tools. Traders can apply these tools to any security with historical trading data, including stocks, futures, commodities, fixed-income, currencies, and other securities. While technical analysis applies to all securities, traders primarily use it in commodities and forex markets, where traders focus on short-term price movements.
The first examples of technical analysis stem from Charles Dow in the late 1800s within the Dow theory. Several noteworthy researchers, including William P. Hamilton, Robert Rhea, Edson Gould, and John Magee further contributed to Dow Theory concepts to form its basis.
Modern-day technical analysis includes hundreds of patterns and signals developed over the years since these researchers began exploring technical indicators. Technical analysis’s focal point comes from the assumption that past trading indicators influence future performance. When paired with rational trading, these technical indicators can be valuable for traders of all kinds.
Professional analysts don’t often use technical analysis in conjunction with other forms of research. Retail traders might make decisions solely based on price charts and similar statistics, but practicing equity analysts are not as cavalier with their investment strategies.
The top-down approach to technical analysis trading is a macroeconomic analysis that examines the whole economy before focusing on individual securities. Traders using a top-down approach focus on the economy, then sectors, and finally individual securities. Top-down traders focus on short-term strategies instead of long-term.
Bottom-up technical analysis strategies focus on individual stocks instead of a macroeconomic view. Traders utilizing a bottom-up approach look for individual stocks with intriguing entry and exit points. For example, a trader who finds what they believe to be an undervalued stock in a downtrend might use technical analysis to identify optimal entry and exit points. Traders employing this method hold long-term views on their trades.
Other strategies for technical analysis include day traders using trendlines and volume indicators to make their decisions. On the other hand, Swing traders use chart patterns and technical indicators and algorithmic traders might develop different requirements that combine volume and technical indicators.
Technical analysis and fundamental analyses are pretty much night and day. Technical indicators use price action to predict future security movements. At the same time, fundamental analysis involves evaluating a particular company’s stock to determine its overall value based on factors that may affect the price in the future.
While fundamental analysis uses financial data, industry trends, competitor performance, and economic outlook, technical relies heavily on price action and market psychology. Both of these methods require extensive planning, and there is no guarantee with either.
Choosing between the two comes down to your trading style. If you’re a calm, collected trader, choosing a long-term investment strategy such as the ones that form fundamental analysis strategies will likely be the most beneficial strategy for you.
If you’re looking for more of a short-term strategy, such as those day traders use, you should consider technical analysis.
The first step to creating a technical analysis strategy is to pick a system that suits your needs. Technical analysis might not be for you, and that’s okay- different strokes for different traders. You shouldn’t force a strategy that doesn’t align with your personality. However, if you’re looking for short-term growth, technical analysis can be a valuable strategy for you to employ.
Technical analysis is as much about rooting out the securities that don’t align with your strategy as it is about finding the ones that do. Technical analysis best suits liquid and volatile securities instead of stable stocks because of the objective behind the plan: short-term growth.
Different stocks or contracts might also require other parameter choices. In this case, different moving averages such as 15-day and 50-day moving averages can.
Finding a suitable brokerage for you means they support your security types and have the required tracking and monitoring tools in place. Additionally, they’ll keep costs low and help you avoid eating into profits.
Different traders require different metrics and software to measure their success and strategize for future trades. For example, day traders require margin accounts that give the trader access to Level II quotes and market maker visibility.
Technical analysis is an excellent trading tool for day traders or any other trader looking to implement short-term gains. This type of analysis differs from fundamental analysis, which incorporates economic analysis instead of price action analysis.
When it comes to asking whether one or the other is right for you, the question should be more about which one is more lucrative and which is more feasible for you. Are your trading habits geared more toward long-term investments, or are you looking for short-term profits? The answer to that question should help you decide more than any promises for profits.
You could be the best of the best of leaders in your industry, but if you don't have a guide, a coach, working with you, you might struggle more than most. People who start a business do so with the idea that it’ll be a success - no one believes that it’s going to be a failure when they get started. The thing is, almost half of all businesses DO fail in the first year because they are just not able to make enough money.
To be honest, in the first year of business, so many companies out there see more losses than gains but it doesn't have to be all bad news. In fact, many companies can thrive with the right guidance. If you are looking for a new coach, looking at leaders like Wayne Blazejczyk can help. You need to have someone experienced to help you to steer your company upwards, and the best way to do that is to work on bringing someone in. If you’re on the fence about having a business coach, check out the four real reasons you need someone working with you below:
If there is one place in the world that doesn't sleep, it’s the financial sector. This pocket of the world is packed with experts able to teach you all that you need to know about finances, but if you have a thirst for learning, why not consider a career in this area?Read more
It is a sweet satisfaction to know that you have set up a good supply chain network for your business. But, if your network isn't efficient enough, you can't earn the profits you desire. So, if you want your business to grow, you must solve the inefficiencies in your supply chain. Here's how to fix it.
You should start by looking for efficient suppliers. Then, you need to look at their output per unit of input – in other words, how much they actually get done (output) with the raw materials and resources they have (inputs).
Once you find a good supplier, you then have to work closely together. Remember that quality is a top priority in choosing your suppliers, but there's more to it than being a quality provider.
Good suppliers will make your business grow because they can provide the support that helps make your supply chain more efficient and effective – something that extends even beyond the scope of just production alone.
An efficient supplier is also one that offers services at competitive prices. For example, instead of daily shipments, you can find a supplier that provides instant freight class shipping quotes for one-time transportation.
If you are not able to track your inventory, then that means a lot of wastage. Hence, experts created automated systems and technologies to increase the overall efficiency of the supply chain. Proper use of these automated systems will allow you to monitor the condition of all products in your possession at any given time.
But before implementing one for yourself, it's best if you can test it first – this way, you get to see how it works, what its limitations are, and if it suits your business needs. Monitoring your supply chain visibility is one of the best ways to improve its efficiency. This would entail using technology such as an ERP system to monitor multiple data points across your production, delivery, and sales process.
The next step towards increasing efficiency in your supply chain involves automating processes whenever possible. This can prove advantageous for managing expenses, especially if your business has operations across multiple locations.
Implementing technology at certain points within your production line allows you to monitor and adjust outputs without manual interference from humans who may make mistakes along the way.
IT departments are crucial when it comes to monitoring your business activity, so you should involve them in keeping track of the progress of a particular project. Find an IT professional who can work effectively both with you and other employees.
Such a person should be able to develop solutions that help boost performance while also cutting down on costs when necessary. They will also ensure that all information technology-based tools are efficiently used to achieve something productive from all your supply chain and logistics activities.
Use this article to learn about the techniques your business can use to improve operational efficiency. Remember, each company requires a different approach so glean into the above insights to choose the best ones for your company.Read more
College students have been graduating into an increasingly uncertain world in recent years. That’s led to many of them re-considering their career path. The majority, however, wouldn’t have the time or resources to go back to university and reskill.
Despite this, they still might be unable to start a career in the field that they graduated in. That can seem like an impossible situation. There are a few options that you should be aware of. These are possible career paths for fresh college graduates that require relatively little training.
As such, you shouldn’t have many barriers to starting one of these careers.Read more
Landing a job as a legal professional often feels like a major career success in itself. You’re often working for a big law firm and have a high early-career entry salary that pays for all your needs.
But lawyers need more than just an education to excel. They must also understand the rules of the industry. Here’s how to succeed.
When you’re working against the clock, paying attention to small details isn’t always easy. You’re constantly rushing, trying to process all your clients.
Paying attention to detail, though, is essential. Often cases depend on it. If you can find a way for your client to protest their innocence, then you can often prevent the prosecution from being successful.
Lawyers, like doctors, have a bad habit of working in silos, operating separately from the rest of the working world. Commercial imperatives, they believe, do not apply to them.
But, again, that’s not true. Gaining commercial awareness means understanding that legal advice is a product, just like everything else. So it needs to meet both the legal and emotional needs of clients to be truly successful.
Don’t just sit on your laurels, expecting your career to improve on its own. Instead, seek out new opportunities and find ways to gain additional experience.
You don’t have to do this alone. Working with agents, like Wegman Partners Lawsuit, can help a great deal. Professionals can put you in contact with potential employers and help you to expand your network.
Being a pillar of a team is another way to make yourself utterly indispensable to the law firm (and encourage them to promote you). That’s because the more people rely on you, the more secure your position becomes.
Teamwork is also a great way to network and build skills covertly. Whenever you work in a group of people, you have opportunities to form meaningful relationships with them and learn from them.
In any professional, 50 percent of your progress is down to skill, and 50 percent is down to confidence. If you can combine the two, you become unstoppable. Unfortunately, these two qualities rarely go hand-in-hand. Some people are highly competent in their roles, but they lack that fire in their bellies that makes them strive for the next rung up the career ladder. Others have plenty of gusto, but they aren’t smart enough to accurately view their own skill level.
Self-confidence is all about allowing your experience to shine through. When you know what you’re doing, you’ll naturally look more sure of yourself.
As a lawyer, you’re not trying to reinvent the wheel or do anything particularly innovative. Instead, you’re simply going through a process and trying to get the best outcomes for your clients. That’s why it is a good idea to simply learn from the best and copy what they do - especially if you’re struggling. By using their actions as cues, you can radically improve your work and increase the likelihood of a promotion.Read more
Training to be a doctor is an incredible feat. Many doctor courses and degrees are more than five years. During that time, students will attend various sessions from educational learning to working in the industry. When doing so, there are some essential things you need. From scrubs to tools, you will discover everything you need at hand when training to be a doctor in the post. Furthermore, there are plenty of benefits of being a trainee doctor. All of which is going to be covered, just keep reading.
Training to be a doctor comes with many amazing benefits. As well as training to help restore a patient’s health, there are numerous benefits that you might want to know about for being a trainee doctor.
Then, you can discover all of the things you need to be a trainee doctor.
A doctor is a key example of a profession that gives back. Whether they are supporting charities or helping patients attain better health, they work endlessly to support good health. They are selfless people that train and work to aid others. They dedicate most of their time to helping others rather than themselves. Even throughout training, a student doctor will work incredibly long shifts. It is a part of the course and a crucial part of training to prepare them for long hours.
Another way a doctor gives back is by supporting charities. Many do this in their way. As a student nurse, you can volunteer as well as purchase doctor essentials through companies that give back. Every doctor will require the appropriate uniform. Thus, purchasing a uniform from a company like Uniform Advantage will ensure that your money gives back to charity. Uniform Advantage gives back to many charities. Thus, purchasing your uniform from there will ensure that your money goes to a good cause.
As a doctor, you may often be asked to be involved in research. Whether you complete surgery or an educational quiz, you will always be increasing the knowledge that the industry has on health conditions and practices.
This is not only rewarding but a great addition towards finding cures and improved treatment methods for future generations.
Becoming a doctor is a great way to earn an impressive salary and grow in your career. You have the option to take on extra skills, which can further enhance your salary.
Doctors can earn anywhere from $40,000 upwards. The salary will increase the more skills and certifications you acquire. Life as a doctor can be tiring and challenging, especially if you work long shifts. As a trainee doctor, you will likely work long shifts too. However, after you qualify you can be in charge of your hours and maximize your time and your income.
Building your hours or your practice is possible when you become a doctor. After training, most doctors are in control of their time and where they work. Although you will still need to carry out the duties and responsibilities of being a doctor, you can do so flexibly and in your way.
As a doctor, you can work from anywhere in the world. You can choose a location that suits and benefits your lifestyle. Or, you can choose a location that works in a specific niche that you are interested in. Traveling for work will enhance your experience as a doctor and grow your network, which will widen your opportunities.
The healthcare industry will always be needed. Although some industries like the automotive industry are being slowly taken over by robotic workers, this cannot happen in healthcare. Patients will always require physical human assistance, thus jobs will always be available.
A doctor’s position will always be relevant, which increases job security. Furthermore, places are always looking for more staff, especially qualified doctors. Thus, training as a doctor will result in a guaranteed job in the end.
Working as a doctor and helping people is extremely satisfying. You watch people get better and that’s because of you and your skills.
You can make positive improvements in a person’s life, whether that be for their physical or mental health.
Furthermore, always learning new skills will further increase your knowledge which means you can offer more assistance to a wider variety of patients.
Doctors often work alone however they often work in teams. If you want to improve your teamwork skills or thrive off of teamwork, then becoming a doctor will be for you.
You will often coordinate with nurses, assistant workers, and other doctors to offer patients the best outcome.
Nurses and surgeons are those that have the most physical labor in the healthcare industry. Doctors have less as they deal with health assessments, medications, and consultations.
If you prefer mental work over physical, then working as a doctor will be a great option for you in the healthcare industry.
Although you should love the doctor’s role after training for so long, you might fall out of love with your career after some time. Or, you might want to end your career early and make up for the lost time.
Thus, if you want to retire early you will have a greater chance of being able to. You will earn more than other careers, which allows you to be able to retire early and enjoy the time you spent on training and working long shifts.
There you have it, all of the incredible benefits of being a trainee doctor. From giving back to opening your practice, there are so many amazing ways that you can help people and achieve great success for yourself.
Furthermore, to be a great trainee doctor, there are some essential things you need.
As a doctor, you will need great communication skills for your patients and coworkers. You will need to be able to chat with your patients and give them peace of mind. You will also be relied on for guidance and advice. Thus, being able to communicate advice clearly will result in the best possible outcome for your patients.
Furthermore, ensuring you communicate with other employees in your environment will improve the workplace dynamic and efficiency of treatment. When you have updates for the staff, you must let them know immediately and clearly so that the right treatment/medication can be offered to patients.
As a doctor, you will be required to keep a strong and positive attitude. You will need to adjust to people’s emotions and help them feel better, which means you must be able to maintain a strong and happy face.
A part of the job as a doctor is giving bad news. Thus, you must be aware of how people can react and how to tell them gently. Remaining professional and level-headed will make the task easier and help the patient deal with the situation as calmly as possible.
Being a doctor involves medical assessments, which trainee doctors will go through during their education. Problem-solving is an essential skill to assess a patient and discover the issue that they have and how to solve it.
You will often work as a detective would and assess the situation before offering a solution. You will need to work out what medication or treatment will best solve the issue.
All doctors will require a uniform. For trainee doctors, scrubs or suits are often required. Having both available will ensure that you can work and train in any environment.
Some essentials for working in the hospital or surgery include:
When you are training to become a doctor, you will be handed over extensive knowledge. Thus, you must be a keen learner and always be willing and ready to take on new information.
If you disregard new information, you will not be able to excel in your career and be the best doctor you can be.
There will always be new things for you to learn, even after you qualify. From new medications and treatment to new diseases, you should always be ready to extend your knowledge and enhance your skills. If you do, you will be able to be the best doctor possible.
As a trainee doctor, you will require certain tools (that all qualified doctors will have to) to perform tasks. Some examples include:
As a doctor, you will require stationary. You will often need to write notes and reminders, which is easiest with the right stationery.
First, you will need a pen and notepad. Here, you will be able to write learning notes and read them back. You may assist a qualified doctor on a task and learn some tips and tricks, which you will not want to forget. Thus, having somewhere to write them down and refer back to is super important.
If you enjoy cooking, why not consider a career in the food industry? After all, what’s better than doing what you love all day and making money as you’re doing it? The food industry is very diverse; there’s a career for every cook. You could bake pastries, cook filet mignon, design a sushi sampler, and more. It all depends on which career you choose. Here are the top jobs in the food industry to consider.Read more
If you want to take on a profitable side hustle that can become a full-time job, you have quite a few to choose from. One of the most fulfilling options to try is livestreaming, whether you want to play video games, indulge in some deep conversation, or both. With the right hardware and platform, streaming is relatively easy, but that doesn’t mean it doesn’t require care and preparation. Novice mistakes can hurt your numbers if you don’t prepare properly. Sift through this helpful list of common mistakes new live streamers make so that you can avoid them in the future.Read more