Personal Finance Habits that will Make Difference in Long Term

Personal finance is not only about earning more than you spend. Staying out of debt is a just a small part, but it also includes investments, retirement plans, insurance of self and assets, child education fund and much more. Learn a few smart things you can do with your finances now to help you in the long run.

Maintain an Emergency Fund:

Life is uncertain. There is a high possibility to incur unexpected expenditures. Living pay-check to pay-check is not a smart move. Create an emergency fund and put some money in it every month for the rainy days. This will also give you a peace of mind and avoid problems during emergencies to avoid any debt.  Resist the urge to tap the emergency fund for non-emergency expenditures.

It is a good practice to maintain an emergency fund which contains three to six months of living expenses in the bank.

Avoid Becoming a Defaulter:

Always keep your credit score in check. Credit score may affect your ability to get a loan or the interest rate you may receive. To improve your credit score, do not become a defaulter,pay all your loans and credit card bills timely.

Clear all Debts:

One of the smartest things you can do to improve your finances is to clear yourself from all debts. Pay all your credit card bills and any loan which you may have taken. Avoid late payments fees and interest which you may have to pay extra. The faster you get out of debt, the better.

Plan Your Retirement:

There might be a point in your late life when you would not want to work anymore. Certain professions have a set retirement age as well. It is very important to plan a retirement fund separately to avoid having to work in old age.

Save Early for Kids:

One of the major expenditures occur in educating the kids. Instead of venting out all your savings in the education, start maintaining a separate savings account for the child from the time he/she is born. Save little every month. You will not even miss that money now but, in future, the accumulated money would help you a lot and refrain you from tapping your emergency funds.

Learn to Save Money:

Start to become street smart. Be alert and find out where you can get best offers and deal for any purchase. If it can wait, shop during the sale season. If you are buying a new car, go into a dealership store and negotiate a good deal for the car. Further, you can sell your old cars for cash and use that as a capital to buy the new car.

Get Sufficient Insurance:

There are a few unavoidable, expensive expenditures which may arise anytime without any warning. It is better to get yourself insured beforehand. Certain insurances you should consider getting are

  • Health Insurance
  • Life Insurance
  • Renters/ Homeowners Insurance
  • Vehicle Insurance

Also, make sure to insure every member of your family to avoid expensive expenditures in the future.

Start Saving Early:

When you start saving in your 20s, you do not require to save a huge amount every month and by the time you retire, you will have enough money. Start planning your finances well in advance

It is never too late to plan your finances but the sooner you start, the more financially sound you will be.

Understanding Risk: Investing in Junior Mining Companies

There are many lessons to be learned from investing in the mining sector. First, it’s inherently risky and many companies will disappear before mining a single ounce of base or precious metals. But it’s also an attractive sector for those willing to take chances and put in the work. Here are a few things I have learned over the years.


Do Your Research


Don’t go on a blind faith tip or even a rising stock price. Research the exploration project or mine you are interested in thoroughly and find out what others aren’t seeing before you put in a penny. There’s always something new to discover in a deep dive.


Find The Right Price


One of my last acts before leaving the position of president and CEO of Cornerstone Capital Resources in 2011 was to acquire the Cascabel project in Ecuador at a very early stage. At the time, it was believed to be a future source of gold and copper, but there was no proof. So the price was right. I got a bit lucky with Cascabel, as exploration has since revealed it as one of the largest gold-copper undeveloped mineral deposits in the world. But that was because I had done my research before making an offer.


Know When to Exit


Cornerstone was a small company and we needed help to get the Cascabel project up and running. I knew it would take years and hundreds of millions of dollars. So, making sure I left the company in solid financial shape, I turned it over to Brooke Macdonald, who remains CEO to this day.


The Truth About Cascabel


The Cascabel mine has gained the attention of BHP Billiton and Newcrest Mining, two of the largest mining companies in the world. They both have bought shares of SolGold, Cornerstone’s partner in the project. SolGold has the right to earn 85% of Cascabel by funding all exploration costs through to the completion of a bankable feasibility study. Cornerstone has the other 15% interest plus it owns about 10% of SolGold, effectively owning 23% of Cascabel. That’s one of the reasons I was happy to increase my already significant stake as a Cornerstone shareholder when the opportunity presented itself in 2016.


Although it was a risk to invest in a gold and copper early stage projects in Ecuador, the potential rewards were, and still are, tremendous. Even today, with all signs pointing to a positive outcome, Cascabel is still at the exploration stage. There’s a long way to go before the mine will see a profit. If you’re looking for quick and easy returns, the junior mining sector isn’t for you. But if you like doing research and have lots of patience, the risks can pay off in the long term.


Along the way, as a general rule, I sell enough shares to recover my original investment plus pay taxes on capital gains and then leave the balance of the investment until it hits my target price at which time I sell. Cornerstone has not yet hit my target price. However, I’m optimistic that it will within the next 12-24 months.

The Cost Of Your Car: 4 Ways To Save Money On Repairs

The Cost Of Your Car: 4 Ways To Save Money On Repairs

For many people, having a car isn’t just about convenience – it’s a matter of necessity. In particular, in areas where there isn’t sufficient public transit, having a car can be the only way to get to work, to buy groceries, or get to the doctor. The problem is that owning a car means budgeting for all those added expenses, including gas, insurance, maintenance, and repairs and that can add up fast. Luckily, these four tips can help you save on repairs and put a cap on excess costs.

Know Your Mechanic

Just as you always want to have a good relationship with your automotive dealer so that you know you’re getting the best rate on your car’s financing, one of the most important things you can do to save on repairs is to build a relationship with your mechanic. That one-on-one relationship is important because, while any certified mechanic can perform repairs, they may not do it honestly or at a fair price, and an unfamiliar mechanic certainly won’t offer you special deals. A trusted mechanic, on the other hand, will provide special insight into the repair process, even when it may not be in their best interest. They want to work with you to care for your car.

Be Weather-Ready

One of the most common causes of car problems is exposure to the elements; it’s why people with nice cars prefer to park them in a garage. If you want to save big money on repairs, then, covering it up is a good first step. For those who don’t have access to a garage, even using a portable garage to shelter your vehicle can help. It will also help reduce the amount of time you spend scraping snow and ice off your car.

Of course, if you don’t have anywhere to set up a portable garage, the most important thing you can do is clean off any ice, snow, and salt that’s accumulated on your car. These can cause or worsen rust, causing major problems with the undercarriage of your car, never mind cosmetic damage.

Do Your Research

YouTube, AutomotiveForums, and other online platforms are powerful tools for any car owner, and much of the time they have all the information you need to complete a repair yourself. Before you head to the shop, then, search online for information about the problem. Even if you can’t perform the fix yourself, you’ll be better informed when you get to the shop, and that can help you get a better deal.

Consider Used Parts

There’s an extensive market in used car parts for most popular models, especially if you drive a slightly older make of vehicle. When you first head into the mechanic, though, they won’t normally offer you used parts, but you should ask about them. Used car parts can save you a lot of money, but they work just as well as new and have to be carefully vetted before they’re put up for resale. Why pay good money for a new car steering wheel or air conditioner when a used piece works just as well?

You need to take good care of your car, including investing in maintenance, if you want to get the most out of it, but that doesn’t mean spending indiscriminately. Rather, by building a good relationship with your mechanic and spending smarter on your vehicle’s needs, you can extend its lifespan and ultimately keep costs down.

5 Top Facts About Property Finance

Getting to know VA renovation loans is one of the key things towards getting your own home. You need to have all the information about VA loans in order to benefit from it.

The problem with this kind of loan is that many people don’t know if it exists or how it works. Thanks to the social media like Facebook, Instagram, and Twitter which helped to publicize about the VA loans. The housing market also played a key role in making people aware of this loans.

However, this kind of loan is not the best option for all veterans. There are many kinds of loans which one can use to finance their property, but VA loans are worth using compared to other types of loans.

Here are top 5 facts about property finance.

Many veterans still don’t know about VA loans

Even though the department of veterans affairs has made tremendous efforts to make veterans aware of the existence of VA loans, many of them are still in the dark. VA surveys done recently show that thirty percent of veterans buying homes don’t know about this loans. This, therefore, means that there is a gap in awareness about the benefits of this loan.

Half of all VA loans are refinanced loans

There are types of VA home loan programs refinancing. There are those who currently have VA loans and those who want to refinance an existing mortgage into the VA loans program.

Low mortgage rates

Veterans, military personnel, and their families enjoy the low mortgage rates of the VA renovation loans when purchasing a home. Different from other loans, VA loans can provide you with a full amount to buy a home or provide you with a full amount to meet the cost of repairing and other house expense.

When you are under this program, you will be able to save a considerable amount of money compared than when you are using a different type of property refinancing loan. This loan enables you to buy and own fully own a home at a very low interest rate.

Full financing

Whether you are buying a home or you are doing some repairs, this type of loan will fully finance your project. You will be able to get all the money that will fully finance the project that you are undertaking. You can, therefore, see that this loan is very different from the other types of loans. Other loan types only finance a certain percentage of the expense of purchasing or renovating a home. The rest of the expenses will be met by you.

Veteran who’ve experienced bankruptcy or foreclosure can still qualify

One of the disadvantages of being declared bankrupt is that your credit score goes down that you will not be able to be eligible for loans from the banks. With VA loans, you will be able to qualify for home loans even if you are bankrupt. What happens is that you will have to wait for two years, but the critical thing is that you qualify for the home loan.

Time Is Money: Why the Average Worker Spends Too Much Time on Email

Time Is Money: Why the Average Worker Spends Too Much Time on Email

Whether you’re a manager and looking for ways to improve the productivity of your staff, or a self-employed entrepreneur who understands how important your time is for your profitability, you should know how common it is for workers to spend too much time on email.

Email productivity issues are rampant in all sectors, and at all levels of employment. But if you know the underlying causes of this inefficiency, you can start working to address them.

Lack of Insight

The first and biggest problem is a lack of insight. Most people have no idea how much time they spend on email, and therefore can’t know whether they’re spending too much time on the platform. They don’t have any data visuals, productivity tools, or email analytics tools that can help them pinpoint their bad habits, so they’re stuck repeating the same processes they’ve grown used to over the years.

There are dozens, if not hundreds of Gmail apps that can help you remedy this problem, giving you insight into your email analytics, and directing your attention to problem areas.

The Volume Factor

Email is also a critical area for time waste due to the sheer volume of email in our daily lives. The average office worker gets something like 121 emails per day. If you do the math, you’ll see that even a 1-second time waste per message can lead to 2 minutes of lost time per day, and over 8 hours of wasted time per year.

A 10-second time waste is 20 minutes per day and 80 hours a year. Accordingly, it doesn’t take much to sabotage a worker’s productivity. From the optimist’s viewpoint, even a few-second improvement to email productivity can have a massively positive impact.

The Distraction Factor

Most employees keep their email open in a tab throughout the day, or have email notifications on a smartphone turned on, so they’re constantly notified of incoming messages. This is handy to shorten your response time, but it also has the potential to distract you from your work.

And as scientific evidence suggests, it takes up to 23 minutes for your mind to fully recover from a distraction. You can control this variable by turning off notifications, and disconnecting from your email periodically throughout the day.


Few emailers have a consistent system for organization; instead, they let their emails come in untouched, and address them more or less in the order they came in. This allows some emails to get lost or go without a response, and makes it harder to find older emails.

Every email platform has tools to improve organization, such as labels or folders—but it’s up to you to devise a clear system, and implement it on a daily basis.

Threads and Inefficient Communication

Then there’s the problem of inefficient communication overall. Employees send emails without subject lines, which make it hard for recipients to categorize them. They send 500-word emails when a 100-word email could suffice. They start and continue threads of 20 messages or more that could have been resolved with 5.

There’s no easy way to resolve these complex and, at times, subjective problems, but focusing on conciseness, intent, and scannable formatting (like bullet points and bold sub-headers) can do wonders.

You won’t be able to change your habits or the habits of your employees overnight, but with enough work and dedication to improved efficiency, you can master email as a communication platform. Start looking for points of inefficiency that you can optimize, and let small, iterative habit changes guide you to a more productive, profitable path.

The Growing Popularity of Trading

There’s no doubt that trading has become more popular over the past decade or more. For some investors, working from home, where ever home might be, and earning consistent profits through trading stocks, options, futures, or currencies, is both appealing and lucrative.

On top of that, markets are more accessible than ever, information is readily available and internet access has become widespread. Perhaps even more importantly, experts are willing to share their knowledge, so mentoring and coaching help are accessible.

However, no one is saying that trading to earn money is easy. You need market knowledge, a willingness to dig deep on technical patterns and an understanding that all trading requires some level of risk.

Successful trading also requires a specialized mindset, an idea explored in my 2014 co-authored book, The Winning Way.

3 Traits Every Trader Needs

In The Winning Way book, we look at three psychological mindsets that are necessary for a trader, regardless of experience, to be successful. Those mindsets are: one, accept market uncertainty; two, focus on the “now”; and three, think probability.

I thought it would be useful to outline these qualities in a little more detail here.

Accept Market Uncertainty

You have to believe that each trade is a random event and the outcome is out of your control and beyond any kind of analysis. Unless you know what each of the millions and millions of investors and other market participants are betting on each day, it’s impossible to predict what the markets will do.

I began making a trading profit when I started to believe in my own tools and systems for trading. I accepted that markets are uncertain and that leads to randomly distributed winners and losers, at least in the short term. However, in the long run, I trust that my edge gives me a higher probability of winning than losing.

Focus on Now

We’ve all been conditioned to learn from past experience. That works, mostly, since a change in behaviour usually leads to a different outcome. But in trading, it is detrimental to associate current trading decisions with past results. As every mutual fund prospectus tell us: Past results are not indicative of future performance. Professional traders understand that each trade is random, operating independently of previous trades.

Great traders focus only on opportunities that are happening right now.

Think Probability

The focus on uncertain markets can be difficult for some traders as they wonder how to achieve consistent and profitable results in such an environment. Although markets are uncertain in the short run, long-term predictable results are achievable. Your own trading strategies and systems give you an edge. You will have both winning and losing trades in the short run, and in the long run your edge will give you a higher probability of winning than losing. Being able to understand probability also helps you become a more disciplined trader. You will be able to trade with less emotion, allowing you to think more clearly and ultimately make better trading decisions.

My Story

I started trading in 2001. By 2003, my initial success had disappeared. I was spending thousands of dollars on complex trading systems that just didn’t work. In short, I was struggling to find a new path that would suit my goals.

At that time, I was fortunate enough to meet the late George Fontanills, one of most respected options traders in the world. I needed George to help me understand my trading personality and what type of trading would be most suitable for me. More importantly, I needed a mentor to send me on the path of developing a winning mindset.

George mentored me on trading strategies and techniques, but most importantly, he guided me to my own trading personality. He knew I wasn’t suited to day trading, because I hated the idea of staring at a screen all day. He also knew I didn’t have the patience for long-term trading. So he came up with the idea of short-term or swing trading.

Swing Trading

The timeframe of my trades is anywhere from a few days to a few months, depending on the stock and market volatility. And because swing patterns are highly repetitive and happen over and over again, stock movements can be predicted with a high degree of accuracy.

George was able to pinpoint my strengths and weaknesses as a trader. He taught me valuable risk management skills and how to protect my trading capital. He also taught me how to trade small but win big, and how to scale up. Under George, I learned to focus on mastering one or two markets before expanding into other areas of trading.

In conclusion, I believe that you must apply the three psychological mindsets mentioned above at all times to keep trading simple. If you can do all that, you will see a breakthrough in your trading, and very soon you will become a consistent and profitable trader well on your way to achieving success.

Understanding the newest monetary trends – security tokens and their role

The era of security token has already begun, and if you don’t already know at least the basics of the subject, starting your research should be done immediately. Whether your professional activities revolve around the financial market or not, being aware of the latest and most interesting monetary trends is still necessary, the information obtained being valuable in various scenarios. Venture capital funding has certainly been exceeded in 2017 by ICO’s investment volume. Initial Coin Offerings are now more popular than ever. While some time ago, crowd funding initiatives were improperly regulated, now investors as well as startups have become more aware of the legal and regulatory landscape of ICOs. Among the numerous details that should be known on the topic, the following info remains most crucial in regards to token regulations/ security tokens:

What exactly is a token?

First, you should get a clear perspective on what a token is and what it can be used for. A clear definition cannot, however, be provided, considering these can  have different function and take various forms. Tokens can represent filecoins, bitcoin (internal currency systems and their balance), US dollar deposits and the list can go on. A token will usually have one or several of the following roles: digital assets, currencies, company stakes, payments on systems, products or services, rewards. Recently, the term token has been most widely used in regards to cryptocurrencies, this being the FinTech trend that has changed the way we see our financial future.

Legal perspective

With the increase of digital assets, and new altcoins emerging on the market with regularity, investors as well as creators are often faced with the question of how their asset will be treated by regulatory authorities. When the cryptocurrency trend has first exploded, lack of regulations was a worrying issue, but things seem to go in another direction now, more precaution measures being taken constantly. Consider the mufti-facet reality of token, classifying them through a legal stand can be challenging, so governments across the globe are still searching for viable ways of taxing cryptocurrencies by the book. It might still take a while until a clear regulatory system will be built. Therefore, the classic, traditional legal and regulatory classifications cannot be used when it comes to cryptocurrencies and their industry reach. The lack of a clear regulatory system means that investors need to choose carefully their approach, in order to not be faced with challenges or scams.

Token categories

The most important detail you should be aware of, when looking into the whole token subject is that there are two clear categories in which these tokens are separated. The first are named utility tokens, and what these stand for is the means of accessing a specific product or service. To fully understand the role of utility token you could correlate them to a software license, or a gift card. The second category, and the more important one, considering the current position of cryptocurrencies in the financial industry, is the security token. These are considered as an investment opportunity, a contract that provides you with potential future gains, coming from price appreciation, dividends or revenue share. The potential gains are the use-case that determine investors to take an interest in a specific security token. Token offerings are extremely versatile, the number of possibilities available for investors in 2018 being larger than ever,, some of which are even structured as a form of donation, with gains being directed towards charities. However, legal protection isn’t something you will be gaining as an investor, considering the fluctuating structure of this concept.

Security vs. utility tokens

To be able to differentiate a security token from an utility one. While there are many nuances that need to be addressed in order for a token to truly be considered a security one, two questions remain the most important ones for a first classification. In order for the said token to be classified into the security range, the answers to the following 2 questions need to be “yes. The first one and the most important is if the said token is being sold as an investment, and the second if there’s a person you will rely on as an investor. Who will be creating the value of the token? Is the token desirable among investments? What kind of use-value does it provide? Future profits potential needs to be researched as well as the reliability behind the person or the network developing the said security token concept. What you should also know is that a token can change their position, and switch from security to utility, and the other way around, especially when the use-value is still in development process.

Proper security token structure and its benefits

Security tokens that are being issued under certain regulative frameworks, such as regulation crowdfunding or regulation A+ benefit from a more affordable and rapid implementation process than a public offering that comes as a utility token. Legal risks are also reduced this way, this is why, the majority of startups interesting in ICOs development usually go towards the security token direction. Security tokens will soon benefit from far more legal support, various buyer rights, expectations and precautions being developed that are meant to ensure a more effective investment protection. So, as a potential investment, you should first analyze the structure of the security token you have taken an interest in and asses the benefits you might be granted with (dividends or profit share for example).  

With FinTech trends merging and cryptocurrency movements taking a leading stand in the financial industry, it seems that things have been revolutionize tremendously in how people see and handle their finances and investments. Security tokens have become a “hot” topic of discussion lately, bringing new opportunities to the table to investors and organizations. Now that you know a bit more on the topic, and have some basic understanding of this monetary trend, perhaps you’ll start using the opportunities available to your own personal advantage.  

The Best Time To Apply for a Business Loan

Any kind of new startup starts with the same basics:  Background research and market testing to see if the product or service has a sustainable potential customer base; how much the startup can qualify for in seed money; where that money might be coming from; and, most importantly, the best time to be applying for loans and seed money from either the private sector or from government funding agencies. Timing is an essential ingredient in the financial success of every initial startup. Experienced entrepreneurs insist that this is the only way a successful startup can begin.

In North America, specifically in Canada, a new business owner needs to have been operating for a minimum of six months in order to be able to seek for either a Merchant Cash Advance or the government Small Business Loan, but the timing of the application can make that particular prerequisite of less than significant importance. A transaction history that indicates even a month or two of timely financial responsibility with both customers and vendors will be of great worth to even the greenest of business owners. What lenders look for more than anything else in a brand new operation is transparent financial operations and a constant stability that indicates monetary maturity, no matter how small the operating capital initially may be.

The importance of a good credit history

Never walk into a lender’s office without a spotless credit history to display. While a personal credit history may be less than stellar and still allow borrowers to obtain seed money and credit, any business hoping for a sizable loan must had an absolutely spotless credit record going back at least two years, or since the inception of the corporation or limited liability partnership. Financial officers today are willing to overlook a bit of youthful indiscretion when it comes to personal finances, but they remain intolerant of professional business credit failures and will not offer a single penny to any business that does not possess a sterling credit history. In Canada, a free credit history is available at Credit Canada.

Remember seasonality

A seasonal business, one that is tied into a holiday such as Christmas or a season such as summer, needs to be aware, of course , of when peak consumer purchasing is likely to occur, and to time their applications for loans accordingly. This is what the Merchant Cash Advance lending program was specifically set up for. This allows for much more flexibility in making up an annual business budget. During slow sales months, repayments can be lowered or even dispensed with altogether.

Application timing

Applying for a loan when business is in a seasonal or cyclic slump is not a good idea. Lenders traditionally look for strong performance before they open their purses. So the smart business owner plans to apply for loans when their business experiences a sudden surge in sales or when the peak sales season starts. That’s smart timing.

Once a business has established a relationship with a lender and show that it can pay back loans on a timely basis, a business owner may then feel more confident in going to see their lender for unexpected downturns and emergencies.



Top Payment Processors for Collecting Online Credit Card Transactions

You need to have a payment gateway in place if you plan of accepting credit card payments on your website, and today, it’s absolutely necessary. There are a few common names in the industry, but that doesn’t necessarily mean you have to use them.

Below, we have input from several business owners who are explaining why the use who they use and provide honest feedback regarding their experiences. Use their feedback and recommendations to explore new payment processor opportunities, whether you are looking for your first one or are looking for companies to rate shop against.


“We use QuickBooks to process our payments. We love the fact that our clients can click right on the invoice and pay, we don’t like the high interest rates they charge for absolutely no reason other than to gouge us.” — Ben Walker, Founder of Transcription Outsourcing, LLC


“Payza is used by many, and there are two reasons why it’s hard to beat. Consumers trust it and they like knowing it’s secure and reliable, and second, it integrates with everything. Businesses that aren’t using it are missing opportunities.” — Ari Evans of AAA Handbags


“We go through out local bank and the reason we do is because the rate we receive is very competitive and based on how long we have been their customer. Everything is integrated smoothly so it makes everything easier on our accounting department. For what we need, it’s a great partnership.” — Christopher Dziak, CEO of Pure Nootropics


“We use Stripe and Rotessa, they are both great because it is a set it and forget it cost effective automated process, together with an integration to collect which provides notifications when issues arise. I appreciate it is secure and I am comfortable with storing my client’s personal data there.” — Shawn Freeman, Founder and CEO of TWT Group


“CMS. They are brutally expensive. Also not the most fun to deal with. The onboarding process was probably the only thing to date that has been above average.  This is probably why the costs are so high with them.” — Marc Webb, Founder of Real PDL Help


“2Checkout is one of the easiest in terms of getting set up and as far as integrations go. There isn’t any application we have found that didn’t just plug in with 2CheckOut. It’s an industry leader and their payout speeds are very fast, which as a business owner is very important. We love them.” — Jim Epton of Dom Huga Ltd

Payment Cloud

“Payment Cloud is one that we have been looking at. It has some nice features and it’s always a good idea to look at other available options. There is a lot of competition these days and companies are often slashing fees to move over, which can be huge savings for some.” — Matt Herron, CEO of AnswerFirst

“ is one of the oldest and most trustworthy payment gateways available. They have great rates and their customer service is top notch. They are also one of the big 3 (I would say Stripe and PayPal are up there with them) that integrate with almost all invoicing tools and shopping carts.” — Tom Munroe, CEO of RugStudio


“We have used a number of different processors. was originally used and we customized the connection with a custom shopping cart. Since then, we have used Recurly and even PayPal buttons for easy integration.” — Shawn Schulze of


“We use Stripe, primarily because of the modern technology and security features. There’s peace of mind that comes from not having to process or store sensitive financial information ourselves. The only complaint is that it can be hard to negotiate rates until you’re processing significant volume.“ — Sean Christman, Founder of Slamdot


“Square is a good option that many online businesses can use to not only handle payments, but also build their online store on, using their website builder. The entire platform has come a long way and evolved into a complete e-commerce tool. Their portable reader is also great for in person charges.” — Andrew Tran, Founder of Therapy

Bank’s Provider

“Our payment processor is set up directly with our bank’s merchant account who we’ve had a relationship with for decades. Anytime we’ve had issues or questions about fees, we’re able to get those issues resolved quickly and efficiently instead of having to wait for overseas support.” — Joseph W. Belluck of Belluck & Fox, LLP


“We chose PayPal because they have a full-featured product and are easy to set up. An easy setup was required because credit card payments are not the major revenue source for our business so keeping setup costs down was a priority.” — Matthew Kolb of All High Schools

Transferring Your Skills From One Industry To The Next

Throughout an individual’s working career, they can have between 5 and 7 jobs. That means some professionals average a job change every few years.

Rather than leaving behind our experiences and starting fresh, we often take the skills we’ve developed into our new positions, which indeed proves an advantage for us and our next employer.

This doesn’t mean that every talent you have developed will be useful in your new job. But, more often than not, there are some basic skills that are transferable. These types of skills are often put into three categories: functional skills; personal traits/attitudes; and knowledge-based.

Functional skills are those that people use to accomplish tasks, such as writing. Personal attitudes or traits are those that make up your personality, such as independent, quick learner, etc. Knowledge-based skills are ones that you have developed with formal training, such as at business school or through accounting courses.

By having an idea – or better yet a list – of your strengths in each area, you will be able to see how you’ll fit into a new role.

Compare your talents and expertise to the new job requirements and see how you can fit into the role. This will help you sell yourself to the company or board by showing them you have skills that will be a boon to their business.

What are the must-have skills for today’s business leaders?

While most leaders come from various backgrounds, there are some basic talents they need to have developed to make them successful in any industry.

These include:

  1. Innovation: The ability to adapt and to think outside the box is crucial to many businesses. Oftentimes, we stick to what we know and continue to do things the way they have always been done. However, that is often not the best way to draw in new customers or to boost sales. By trying a fresh, original solution to a problem, leadership can advance the organization’s interest substantially.
  1. Technological acceptance: Needless to say, there have been major strides forward in the tech world over the past few decades and technology in many ways has substantially changed the landscape and environment we do business in. Moving forward into the 21st century, business leaders will need to implement – and be willing to implement – new technology to stay competitive.
  1. Human-ness: Despite an increase in automation of the workplace, managing people is still a major part of leadership in any industry. The executive who can demonstrate sensitivity, honesty and fairness will go a long way.

If the average person can expect to change their job every few years, it only makes sense to be prepared. By developing skills that can be useful in different industries and positions, leaders will be able to rise to new challenges no matter what industry they find themselves in.