The 5 Common Fears That Come With Leadership

The 5 Common Fears That Come With Leadership

What do leaders fear the most? What are their top insecurities? Leaders may seem invincible but they are also prone to fears and insecurities. In their book The Practice of Adaptive Leadership, leadership experts Alexander Grashow, Marty Linsky, and Ronald Heifetz point out five main fears that come with leadership: 1) disappointing people, 2) incompetence, 3) hard decisions, 4) failure, and 5) exhaustion. Without further ado, let’s take a look at the five toughest leadership fears.

Economic Inflation and Deflation: What’s the Difference?

Economic Inflation and Deflation: What’s the Difference?

What is the difference between inflation and deflation? Can inflation and deflation be happening simultaneously? What is the problem with having extreme inflation or deflation? In the most simplistic terms, inflation is the general increase in prices, while deflation is the overall decrease. Inflation and deflation can happen simultaneously in different classes. Both are problematic for an economy when taken to their extremes. Keep reading to learn about the difference between inflation and deflation and why either is economically problematic.

How to Avoid Paying Taxes in College and Retirement

Mastering Investments and Taxes To Build Wealth

Do you want to know how to avoid paying taxes? What methods can stop you from paying unnecessary taxes on investments like pensions and college tuition? With the surfeit of tax-advantaged retirement plans and investment alternatives on offer, there is simply no good reason you should pay taxes on investment earnings for retirement or expenses like college tuition. Understanding how to avoid paying taxes in certain areas will inevitably save you money. Keep reading for tips about how to avoid paying taxes on certain investments. 

Copy Success: Learn From Examples of Change

Copy Success: Learn From Examples of Change

What can you learn by examining examples of change? Can you copy success to make your own way? When you want to make changes, you should seek out examples of change to see what works and what doesn’t. Success stories are not only inspiring, they’re instructive. Copy success when you find it. Read more to learn how to seek out examples of change and put them to work for you.

To Overcome Resistance to Change, Appeal to Identity

To Overcome Resistance to Change, Appeal to Identity

Are you the kind of person who puts a lot of effort into making sure things stay as they are? Do you resist change? When you need to overcome resistance to change, it can help to appeal to identity—what kind of person someone is, what they value, and how they make decisions. You need to either align your proposed change with someone’s identity or align their identity with your proposed change. Keep reading to learn how to cultivate identity to overcome resistance to change.

Commander’s Intent: The Key to Effective Messaging

Commander’s Intent: The Key to Effective Messaging

What is Commander’s Intent? How can using the commander’s intent principle help you communicate more effectively? The Army adopted the concept of “Commander’s Intent” in the 1980s. It refers to a concise statement that lays out the goal or intended outcome, allowing people to react to changing circumstances as they pursue a clear goal. You can use this concept to pinpoint the essence of a message that you want to communicate effectively to others. Read more to learn about Commander’s Intent and its application.

Probability in the Real World: Beyond Mathematics

Probability in the Real World: Beyond Mathematics

Are you a good judge of probability? Do you take into account probability when making decisions that involve an element of risk? According to former options trader Nassim Taleb, most people have a poor grasp of real-world probability, and as a result, they misunderstand the likelihood of rare events and consequently don’t plan for risk appropriately. In his book Fooled by Randomness, he cites three reasons for our difficulty in understanding how probability plays out in the real world: 1) we don’t properly interpret the past, 2) we can’t predict the future, and 3) we don’t insure against risk properly.

The Truth About Losing Weight Through Diet Alone

The Truth About Losing Weight Through Diet Alone

Do you need to exercise to lose weight? Is losing weight through diet alone possible? According to John Walker, the author of The Hacker’s Diet, you can exercise for an hour and only burn 300 calories, but it only takes one Snicker’s bar to offset your workout. That’s why Walker suggests primarily relying on a calorie deficit to lose weight rather than on exercise. Here’s why, when it comes to losing weight, diet outweighs exercise.

What Is Tax Loss Harvesting? Definition and More

What Is Tax Loss Harvesting? Definition and More

What is tax loss harvesting? How does this help investors to defer taxes? Tax loss harvesting involves selling stocks at a loss and replacing those stocks with similar stocks, to pay less in taxes. Implementing this method means investors can defer their taxes while maintaining the risk/return rate of their stock portfolio. So, what is tax loss harvesting? Keep reading to find out.