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Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

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High financial stress among employees, including those with high incomes, can lead to mental and physical health impacts, which cost businesses in lost productivity. The implications of such financial distress are profound, costing U.S. businesses approximately $40 billion in lost productivity in 2022 alone. Here are some options: 1.Retirement

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Digital Nomads And Freelancers Need These Strategies To Navigate Tax Season Smoothly

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By proactively managing their affairs and possibly engaging with a tax professional for guidance, freelancers and digital nomads can navigate tax season with confidence, securing financial peace of mind. To calculate their taxable income, freelancers must first tally all their revenues and then subtract their allowable business expenses.

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Should People with Grit Ever Give Up?

Success

You’ve just encountered a major obstacle, and now completing the project will be a lot more expensive and take much longer than you initially planned on. So, instead, we might replace it with an easier question: “How confident do I feel?” What we need is accurate confidence; we need our confidence to match our likelihood of success.

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Best Destinations for First-Time Digital Nomads

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When choosing a starting destination, there are many factors to consider including language, time zone, cost, and facilities. Cost: While you may have the savings, to truly have the digital nomad experience, you may need to pick a destination where the cost of living is not higher than your income.

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Unlearning Silence in the Workplace: How to Speak Up at Work

Success

She asks people to examine the costs of staying silent: “We unlearn being silent by recognizing and wrestling with the silence we’ve learned. What have we experienced as the costs of speaking up in the past? How are those costs the same or different in our current life or work situation?” But at what expense?

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Experts Predict 2023 Will Be the Year of ‘Quiet Hiring’—Here’s What to Expect

Success

This can lead to raises and promotions for those overachievers, and less of a cost burden on the company to onboard a new team member. With our tenuous economy, quiet hiring can be a short-term fix for saving on costs associated with recruiting and benefits. Working with contractors reduces onboarding and training costs.

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4 Smart Money Moves to Plan for Financial Security

Success

This goal is more expensive than I’d like to admit, so I strategically plan for those purchases by saving for them on a monthly basis. Despite that, 53% of millennials surveyed in the National Financial Capability Study didn’t have an emergency fund that could cover even three months of expenses. Pay off your debts by interest rate.