Friday, November 29, 2019

This (surprising) generation outspends all others when it comes to vacations

This (surprising) generation outspends all others when it comes to vacationsThis (surprising) generation outspends all others when it comes to vacationsWhere, oh where, does your non-essential spending go? About 15% of it goes toward your vacation savings each month right after money spent dining out.CIT Banks annual Summer Savings Survey, conducted by The Harris Poll, explored how people saved for their vacations.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moreOne in three consumers is winging it when it comes to their vacation and not saving anything at all. Thats changing a little while only 7% made vacation saving a top priority in 2018, that jumped to 18% in 2019.People living in the Northeast are the best at saving for vacations, at 71%. The Southwest region scored the lowest, at 58%.And while they may be young, they like their vacations shockingly posh. Gen Z outspent any other generati on when it came to experiences, luxury hotels, relaxation, even first and business class travel. As you can see below, they out-spent every other generation on vacation luxuries.

Sunday, November 24, 2019

The upside of procrastination (a familiar friend)

The upside of procrastination (a familiar friend)The upside of procrastination (a familiar friend)Procrastination has a bad reputation.Its very familiar to all of us.More often than not, it leads to nothing but anxiety, disappointment, and frustration, and shame.Almost everyone thinks its entirely negative, but there are times when procrastination can work in your favor.You dont have to be anxious, disappointed and stressed all the time when you put things off, especially when you are a creative professional or need time to think through your work and generate better ideas.When you have urgent things to take care of, you are more likely to push other tasks down the list of things to do in the day or week.Procrastinating does not mean doing absolutely nothing.Procrastinators seldom do absolutely nothing they do marginally useful things. You are not necessarily being lazier careless if you want to complete your work sometime later.According to Forbes, procrastinating just a bit here an d there can help you prioritize what things need to be completed first, rather than diving straight in without any rhyme or reason.On the flip side, when you need time for brainstorming, strategic thinking, due diligence, and research, procrastination wont do you any good.Active and passive procrastinatorsActive procrastinators who postpone work for later are mostly in control of their time, are better managers of their time and use it purposefully without worrying too much about missing deadlines.They deliberately delay tasks and feel challenged by approaching deadlines.They are comfortable with fear.And a little bit of panic or threat is not an issue.Active procrastinators will always deliver.They are better at planning but not so good at getting stuff done early when they have lots of time.They work better under pressure though.Research by Chu and Choi in 2005 found that active procrastinators were not paralyzed by worry. They had lower stress levels, exhibited less avoidant tend encies, and had healthier self-efficacy.You could argue that, its their way of justifying putting things off.This doesnt apply to passive procrastinators who easily get anxious and cant master the courage to concentrate and get stuff done because they are constantly thinking of running out of time.If you know yourself well enough, you can better plan and do tasks without the anxiety that comes with deadlines.Christoph Niemann, an illustrator said this about deadlines in a 99U interview In advertising, and also editorial, when people have 2 days, the briefing is much better, and the discussion is much better. Its not that people just sign off on anything because theyre in a hurry. Theyre just really looking at what they have, and trying to make the best product, and get it done.The brain benefits of procrastinationResearch by psychologist Bluma Zeigarnik in 1927, found that you can have a better memory for incomplete tasks than for complete ones.Known as the Zeigarnik effect, Bluma p roved that task left unfinished for a period of time helps your ability to retain and recall information.The results suggested that a desire to complete a task can cause it to be retained in a persons memory until it has been completed.Since Zeigarniks publication, a lot of other studies were carried out to confirm and replicate her findings.In 1963, British Psychologist John Baddeley developed the Working Memory Model with Graham Hitch.In an experiment, participants were asked to solve a set of anagrams, each within a set time frame.Those who were unable to solve the anagrams in time were given the solutions. And he found out that those who couldnt complete in time were more likely to recall the solutions than those that they had completed in time.Adam Grants, professor at the Wharton Business School in Pennsylvania and Author of Originals says When you procrastinate, youre more likely to let your mind wander. That gives you a better chance of stumbling onto the unusual and spottin g unexpected patterns.When it procrastination a smart choice?species is never finished, only abandoned. - Leonardo da VinciEverything left undone is always still very much on your mind most of the time. You get to think about it more often than tasks you have completed. This encourages you to think about new ways to improve or do it better.Adrienne Branson of Canva says Unfinished work is hard for your mind to let go of - in a good way. Your mind keeps churning, considering other options, creative solutions to the problem. Ever had a project that you just couldnt stop talking, thinking, or dreaming about? This is how you make that happen.The procrastination thought process works best for people who are working on innovative projects and need creative ideas for solve pending problems.John Perry, author of The Art of Procrastination A Guide to Effective Dawdling, Lollygagging, and Postponing, says, If you go back through history of human culture, and take away every invention that w as made by someone who was supposed to be doing something else, Im willing to bet there wouldnt be a lot left.Innovators and creative professionals use procrastination to their benefit more often than everyone else.Leonardo Da Vinci was a famous procrastinator. He finished the Mona Lisa in 1517 despite having started it in 1503.In a discussion with Katie Couric of the NBC Today Show about how he writes and why he procrastinates, Aaron Sorkin, the creator of the television series The West Wing said You call it procrastination, I call it thinking.Procrastination can help with creativity to some extend if used well. The time you spend to process your tasks and projects can help you come up with amazing solutions.Procrastination allows your mind to process. Even when youre not consciously thinking about whats on your creative do-to list, your subconscious is.This may lead to an innovative or creative solution to the issue, task, project, errand or chore youve put off doing.As long as yo u can deliver on time, its okay to delay creative tasks and make time to think about possible solutions and new ideas.Most creative projects require moments of thinking. And sometimes you can ignore your natural need to finish early to come up with brilliant ideas.When procrastination is a problemProcrastination is not always a smart choice.Your work and career can suffer if you dont manage it well.You probably wont benefit from procrastination if you have to deliver on tasks at the office and have strict deadlines to meet.Steve McClatchy, president of Alleer Training Consulting and the author of the New York Times bestseller Decide explainsWhen quality matters, then procrastination is not a smart choice. When you have to do a high-priority task or produce high-quality work, or its the first time you have ever done a task, then waiting until the last minute to do it precludes your ability to control the quality output of the task making procrastination a poor decision.If you are de livering a big presentation, submitting a large proposal, hiring a key executive, or compiling a major report, putting yourself under the pressure that comes with procrastination will do more harm than good.If you are going to procrastinate, you may as well make the most of it.But when procrastination affects your level of productivity more than usual, you know you have a problem and should find ways to beat it instead of trying to use it to your advantage.Before you go I have created a habits mastery course to help you master the Japanese principles for starting and maintaining healthy habits. Kaizen Habits will teach you how to make any change in life, one small habit at a time.You can also subscribe toPostanly Weekly(my free weekly digest of the best posts about behavior change that affect health, wealth, and productivity). Join over 50,000 people on a mission to build a better life.Thisarticlefirst appeared on Medium.

Thursday, November 21, 2019

Highest Paid Legal Jobs

Highest Paid Legal JobsHighest Paid Legal JobsAre you in law school and wondering what kinds of law specialties make the most (or least) money? This shouldnt be the deciding factor when it comes to what type of law you decide to specialize in, but it is understandably a factor for many law students. The following are some of the highest paid legal jobs, for your reference Intellectual Property Lawyers Intellectual property laws protect ideas- this encompasses patents, copyrights, and trademarks, among other types of profitable ideas. This is a fast-growing area of law as technology continues to advance, and it is also statistically the most lucrative- the zentralwert pay is nearly $139,000, while people on the high end make $250,000 or more per year. Members of Congress Do you like the idea of working in the business of changing laws for the betterment of an entire state or country? Maybe a career in politics is for you. While a law degree isnt a necessary requirement to get into politics, it has widely been seen as the most common route in recent years. Members of Congress bring home $174,000 per year, and some higher stttes within Congress (like Majority Party Leader or Speaker of the House) bring in $194,000 each year. Trial Lawyers Trial lawyers are the ones you see on television and on the silver screen- they stand in courtrooms and argue cases before judges and juries. There are fewer trial lawyers than there are law graduates who want to do this job, so competition is often fierce. There is a decent payout for those who succeed, though- the median pay for a trial lawyer is $120,000 per year, which some making upwards of $215,000. Chief Legal Officers Chief Legal Officers lead the legal departments of large corporations, and they are handsomely rewarded for doing so. The median pay for a CLO is $183,000, with some making as much as $285,000 per year. Getting a CLO position takes time and hard work, though- there are very few of these posit ions available across the country, and many require at least a decade of experience. Tax Attorneys Tax attorneys work with both individuals and businesses to solve tax issues, help with estate planning, or suing the IRS. They are often essential consultants when starting a business of when contracts need to be drafted. While this type of job isnt flashy like a trial lawyer, tax lawyers still bring in a decent paycheck- the median pay is $99,000, while some make as much as $189,000 each year. Employment and Labor Attorneys Employment and labor attorneys work to enkoranvers that the relationships between employers and employees stay balanced. Generally, they either represent the employers (management) or the employees, which are sometimes unions. They are compensated well for their work- the median pay for an employment lawyer is $81,000 with the high end reaching toward $100,000 per year. Judges Judges are the lawyers who make decisions about cases in trial court. Usually , it takes many years of experience and potentially a nomination and election process to become a judge in the United States, but that varies by state. Judges are usually generously compensated for their work- the median salary is $130,000, with some making as much as $177,000 each year. Real Estate Attorneys Real estate attorneys review offers and contracts and make sure that buyers are getting fair deals on the properties they are purchasing. Real estate lawyers also work with sellers to make sure everything is fair on that end, as well. While real estate attorneys make decent salaries- the median is $80,000 and it can get as high as $147,000- it was reported that nearly one in four real estate attorneys are not awarded benefits. Law School Professors While you were in law school, did you discover that you liked the academics of law, the theory and the teaching of law? Maybe youd rather be a law professor than practice law Law professors work steadier hours than attorneys, in most cases, but the competition is fierce. They are handsomely rewarded for their hard work, too- the median salary for a law professor is $128,000 with the high end reaching $194,000. Managing Partner Do you have the lofty goal of becoming a managing freund in a law firm? Achieving this goal is not an easy one and will require long hours and a large amount of hard work. Managing partners are rewarded for all of their sleepless nights, though- the median salary for a managing partner in a law firm is $139,000, and that can go as high as nearly $400,000 in big cities and prestigious firms. Beware, though- these BigLaw, partner-track positions can cause burnout and other mental health issues. To all of you who are trying to decide what kind of law youd like to practice- good luck, and choose wisely