Podcast Summary
Find top talent on LinkedIn, don't miss out: 70% of LinkedIn users aren't on other job sites, making it a prime location to discover hidden talent
LinkedIn is a powerful tool for small businesses looking to hire professionals. It's like finding your car keys in a fish tank if you're not using LinkedIn to recruit. With over 70% of LinkedIn users not visiting other leading job sites, it's the place to find top talent, even those not actively seeking new opportunities. Meanwhile, if you're considering asking for a pay rise, Lindsay Cook, our money mentor, shares in her column that most people don't ask and those who do aren't always the most deserving. Instead, she advises preparing a strong case and having the conversation with your boss. On a different note, Blue Nile offers unforgettable Mother's Day gifts with up to 50% off, and The Money Show provides valuable insights on personal finance and current money news.
Approach pay rise conversation as a business case: Prepare with achievements, sales figures, and new ideas to present as a business case for a pay rise. Communicate directly with the decision-maker and consider negotiating further if denied.
When asking for a pay rise, it's essential to approach the conversation as a business case rather than a plea based on personal needs. Prepare by highlighting your achievements, sales figures, and new ideas that benefit the company. Be clear about your contributions and communicate directly with the decision-maker. If denied, consider it an opportunity to explore the market and negotiate further, or to continue working hard and contributing to the company. Remember, the decision may not be solely based on your performance, but on the company's overall financial situation.
Expressing Ambitions and Desires for Financial Growth: Communicate openly about career goals and financial aspirations, conduct thorough research before investing, and advocate for yourself to secure financial growth
Communication is key when it comes to negotiating salary and financial growth in the workplace. The anecdote shared by Lindsay Cook highlights the importance of expressing your ambitions and desires to those in positions of power, even if it may initially be met with resistance. Furthermore, Algy Hall's advice to readers underscores the importance of conducting thorough research and due diligence when it comes to investing in dividend-paying stocks. In the current economic climate, it's crucial to ensure that companies have the financial means to sustain their dividends, as some may be at risk of financial instability. By staying informed and proactive, individuals can make smart financial decisions and secure their financial future. Additionally, the conversation touched upon the gender issue and how women, in particular, tend to be hesitant when it comes to asking for more. Lindsay's personal experience serves as a reminder that ambition and career growth should not be hindered by societal expectations or personal beliefs. It's important for individuals to advocate for themselves and not be deterred by potential pushback. In summary, the key takeaways from this discussion are the importance of open communication, thorough research, and self-advocacy when it comes to financial growth and investment decisions.
Considering involvement level for portfolio management: Investors should evaluate their time commitment, risk tolerance, and market knowledge to choose between passive and active portfolio management. High-quality stocks may have valuation risk, and some experts suggest contrarian views on sectors. Careful consideration is key.
Investors need to consider their level of involvement in managing their portfolios when deciding on a strategy. Terry Smith, a well-known investor, suggests a passive approach for those with limited time, while those looking for active management should closely monitor their individual stocks. However, even high-quality stocks may have increased valuation risk, making careful consideration essential. Meanwhile, some experts advise taking a contrarian view on sectors like oil and commodities, but timing the market can be challenging due to human biases. Ultimately, each investor must assess their risk tolerance, time commitment, and market knowledge to determine the best approach for their portfolio.
Understanding market bottoms for investment and budget changes for pension planning: Investors should wait for market recovery signs before investing, higher earners should consider pension carry forward rules, and property owners may benefit from remortgaging with low interest rates.
Finding the bottom of the market for investment purposes is a challenging task and it's generally better for most investors to wait for a clear sign of market recovery before jumping in. In personal finance, higher earners should be aware of the upcoming budget changes that may affect their pensions, and consider taking advantage of carry forward rules to make the most of their pension allowances before the deadline. Additionally, those who own properties may benefit from remortgaging to take advantage of low interest rates and potentially save money in the long run.
Overpaying mortgage when rates are low saves money and shortens repayment period: Overpaying £2,000 on a £300,000 mortgage at 2.5% could save over £13,000 in interest and shorten repayment by nearly 3 years. Look for attractive banking deals to save and overpay mortgage.
Making a one-time overpayment on your mortgage when interest rates are low can lead to significant savings in the long run. For instance, a £2,000 overpayment on a £300,000 mortgage at 2.5% with 20 years remaining could save you over £13,000 in interest and help you pay off your mortgage nearly 3 years earlier. Additionally, it's essential to be savvy with your banking, as banks may offer attractive deals to lure you in but often only last for a year. Be on the lookout for the best deals and consider using the savings to overpay your mortgage. For instance, First Direct offers a £150 cash incentive for switching to their current account and a linked savings account with a 6% annual interest rate for the first 12 months. Overall, making smart financial decisions, whether it's in property, personal finances, or philanthropy, can lead to substantial benefits in the long run. Stay informed and stay ahead of the curve.
Women born after 1951 seek compensation for lost pension years due to raised state pension age: Women born after 1951 are seeking compensation for lost pension years due to the UK government raising the state pension age from 60 to 66. Some women are experiencing financial distress and even suicidal thoughts. The government is considering transitional provisions, while the Labour Party supports compensation but faces complications due to past inaction.
Women born after April 1951 who have been affected by changes to the state pension age in the UK, which raised it from 60 to 65 and then to 66, are seeking compensation for the lost pension years. This issue has been a source of controversy, with some women feeling financially distressed and even suicidal. The government has not agreed to restore the pension age to 60, but is considering transitional provisions for those most affected by the accelerated timetable. The Labour Party, which was in power during the relevant period and did not write letters to inform women of the changes, supports the compensation but is facing complications due to its past inaction. The debate on this issue is ongoing in parliament.
2011 pension changes lacked clear communication to women: The 2011 pension changes did not effectively communicate their implications to women, highlighting the importance of clear and transparent pension policy.
The 2011 pension changes did not effectively alert women, making the case for their concerns stronger compared to the 1995 act. Josephine Kumbo, Feet's pension correspondent, reported on this issue. For more information, visit feet.com/money. Additionally, readers have the opportunity to meet John Lee, the Feet's My Portfolio columnist, and learn about his small cap investment strategy at an event on January 25th, 2023. Tickets are available for £25 plus a small booking fee. The Money Show team encourages readers to share their thoughts on investment strategies and portfolio management for the year 2016. Contact them via email at moneyft.com or tweet @FTmoney. Imagine the power of a unified platform that merges trusted intelligence, fosters collaboration, and delivers actionable insights. The Connect Industrial Intelligence Platform offers this and more, helping you see further, innovate faster, and accomplish more. Learn more at theconnecteffect.com. As the world continues to change, the need for health insurance remains constant. UnitedHealthcare TriTerm Medical plans provide budget-friendly, flexible coverage for those in between jobs or who missed open enrollment. These plans last nearly 3 years in some states and offer access to a nationwide network of doctors and hospitals. For whatever tomorrow brings, consider UnitedHealthcare TriTerm Medical Plans. Learn more at uhone.com.
