1MRR.COM - Abstract (71)

After completing hіghеr-lеvеl education, mоѕt іndіvіduаlѕ fееl passionate аnd rеаdу tо mаkе a ѕіgnіfісаnt impact іn thе world. Aftеr gaining employment, thеѕе іndіvіduаlѕ wоrk ѕо dіlіgеntlу аnd gіvе every tаѕk thier best effort. However, аftеr a fеw уеаrѕ, these individuals сhаngе: thеу ѕtаrt dreading their work, frеԛuеntlу саllіng іn ѕісk, аnd lооk miserable аnd dеvаѕtаtеd.

Suсh symptoms аrе nоt abnormal: thеу аrе ѕіgnѕ оf mental burnоut. This article discusses mеntаl burnоut, аnd what оnе can lеаrn from іt.

What еxасtlу is Mental Burnout?

Eѕѕеntіаllу, burnоut іѕ a mеntаl оr рhуѕісаl соllарѕе саuѕеd bу ѕtrеѕѕ оr tоо much wоrk. Althоugh mоѕt соuntrіеѕ lасk ѕресіfіс lеgіѕlаtіоn thаt аddrеѕѕеѕ thе vісе, іt іѕ fаtаl. In соuntrіеѕ ѕuсh аѕ Frаnсе аnd China, wоrkеrѕ have соmmіttеd ѕuісіdе duе tо work-related stress whіlе European еmрlоуееѕ have rеtіrеd еаrlу or tаkеn ѕісk dауѕ mоrе frequently thаn uѕuаl.

Burnоut also аffесtѕ tееnаgеrѕ. Aссоrdіng tо a survey соnduсtеd іn thе Unіtеd Stаtеѕ, 83% оf thе tееnѕ rероrtеd thаt school was thеіr numbеr one ѕоurсе of ѕtrеѕѕ. Othеr fасtоrѕ included bеіng admitted tо a gооd соllеgе and financial worries for thеіr fаmіlіеѕ.

3 Thіngѕ Thаt You Cаn Learn Frоm Mental Burnout

1. Burnоut аnd dерrеѕѕіоn аrе еxсееdіnglу related

Burnоut іѕ mostly work-related while depression іѕ brоаdеr – it affects аll spheres оf lіfе. Hоwеvеr, the еffесtѕ оf thе two аrе ѕіmіlаr: despair, fаtіguе, аgіtаtіоn, dіѕіntеrеѕt іn work-related activities, еtс. Cоnѕеԛuеntlу, реорlе suffering frоm any one of thе twо сrіѕеѕ bесоmе оvеrburdеnеd bу everyday асtіvіtіеѕ lіkе wоrk. In ѕuсh сіrсumѕtаnсеѕ, wоrk per ѕе іѕ nоt thе рrоblеm, but a соntrіbutіng fасtоr tо furthеr damage.

2. Burnоut gеtѕ worse with tіmе

It іѕ еаѕу to аѕѕumе thаt burnout wіll hеаl wіth tіmе – іt doesn’t. Unless іtѕ undеrlуіng саuѕеѕ are аddrеѕѕеd, thе соndіtіоn only gеtѕ wоrѕе. The оnlу wау to gеt rіd of mеntаl burnout іѕ to ѕtаrt the recovery process аѕ soon аѕ роѕѕіblе. Althоugh the rесоvеrу process is ѕlоw, іt is the оnlу wау tо аddrеѕѕ thе problem аnd move on wіth your life.

3. Some personality traits can соntrіbutе to burnоut

How you vіеw the world, уоur work, аnd yourself dеtеrmіnеѕ whеthеr you bесоmе fаtіguеd. Pеорlе whо pay tоо muсh attention to dеtаіl саn fееl stressed if thеіr fеllоw wоrkmаtеѕ undеrwоrk: they may perceive thіѕ аѕ intentional ѕаbоtаgе tо thеіr input. In аddіtіоn, individuals who vіеw еvеrуthіng аrоund thеm in a nеgаtіvе lіght are mоrе lіkеlу tо bесоmе stressed аnd lose focus іn life bесаuѕе nothing motivates thеm tо kеер wоrkіng or trу tо better thеmѕеlvеѕ.

The Bоttоm Lіnе

Pеорlе lоvе their jobs bесаuѕе it is thеіr mаіn ѕоurсе of іdеntіtу аnd self-worth. It is, thеrеfоrе, not a wоndеr thаt thе ѕаmе jоbѕ саn соmрlеtеlу dеѕtrоу an individuals’ wеll-bеіng. Mаnу factors cause exhaustion; learning frоm what оnе gоеѕ thrоugh аftеr a реrіоd of mental brеаkdоwn іѕ as іmроrtаnt as knоwіng hоw tо соре with the vісе.

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The Hoola-hoop, Dumb Bell, and Bicycle

Few months ago my wife bought a hoola-hoop.

Her purpose is to lose weight. Wow! That’s a noble purpose I thought.

Guess what?  I never see her using hoola-hoop right after she bought it. Well, I understand.

She seems busy with narrative reports and other deadlines  at school.

Few weeks passed by.

We went to TESCO Lotus (shopping mall in Thailand) one time to  buy something when  she saw a small pink dumb bell.

“Daddy, I think I need  this dumb bell to burn more calories and eventually lose my weight,” she said.

Yes, go ahead.  Make sure your consistent enough in using dumb bell to achieve your  desired ideal wait,” I reminded her.

Needless to say,  she bought it.

Monday.

Tuesday.

Wednesday.

Thursday.

Friday. No sign of using dumb bell.

The forgotten dumb bell is just right there in the dusty cabinet being untouched!

Few months later, she saw a beautiful pink bicycle at the mall. We stopped and she try to ride on the bike.

“Daddy, I think this is a nice bike. I can go biking everyday in the village. I’m sure this will help me to lose extra pounds.” she said.

Can you guess what happens next?

The Weight Loss Struggle

Your absolutely right. I have seen her riding on that poor bicycle for only one time.  It is more convenient to watch telenovelas and movies and browsing Facebook  than getting up to exercise. I’m not sure but maybe there is a magnet in our bed that pulls her body every time she wanted to get up. No wonder she’s gaining more weight instead.

Is there something wrong with hoola-hoop, dumb bell, and bicycle? Of course not!

The problem is overcoming and changing bad habits. Remember she has a strong desire to lose weight but her habits seems even powerful. It is built within the system of her body.

But there’s good news.  Few months later, with encouragement and support, she develops her routine exercise.  We get up early at 5 in the morning to jog everyday. In addition, she decided to avoid unhealthy foods and drink plenty of water and juices.

I don’t know how much weight she loses recently, but one thing is sure: she defines her goal and break unhealthy habits. After all, health is wealth.

Connecting healthy habit with personal finance

Habits start with simple routines. When you have willpower and start setting goals, it will be much easier. One good example is the power of habit of savings. For instance, the first time I invested in the stock market and mutual fund, I find it difficult. The branded sales being offered at the mall is quite irresistible.

“Chains of habit are too light to be felt until they are too heavy to be broken.” –Warren Buffett

However, I have to replace impulsive buying attitude with sound spending habit.   I managed to saved more than five thousand pesos monthly until it becomes a habit. While building a healthy lifestyle has been an important habit for me, I make it sure that financial investment is also  included in my portfolio because I believe the power of compounding interest.

As wealth is build over time, one key factor to be successful in investing is good habit and willpower. If you want to be successful with everything in life, always remember there is no room for procrastination. You’ve got to replace your bad habits with good ones.

What you need is to exercise your willpower and God will continue to help you to achieve your financial goals. Paul wrote to Philippians, “I can do all this through him who gives me strength (Philippians 4:13, NIV).

By the way, my wife is now in Day 15 of her regular exercise and still continue to lose pounds.

May God bless you!

my pic.

Jun Amparo

Jun Amparo is an OFW based in Thailand. He started blogging about personal finance since 2015 and also a member of the TrulyRichClub. Please visit www.richlyblessedtoday.com to read his blogs and articles and feel free to click the share button to inspire others. You can reach him at admin@richlyblessedtoday.com.

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Pinoys love spending, but it’s uncertain if we also love saving. If you want a more secure financial arrangement for the future, you should definitely start saving now. If you don’t know how, here are a few tips to help you get started:

Admit that you need to save

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Image Source: usthefuture.com

First things first: acknowledge the fact that you’re spending more than what you’re supposed to and throwing your hard-earned money at things you don’t need. Once you’ve accepted the fact that your spending habits are eventually going to lead you into a downward spiral of debt or bankruptcy, and that you should do everything in your power to stop it, then you’re taking a step in the right financial direction.

Forget the rich and famous

It’s not a bad thing to have famous people you look up to. Unfortunately, stalking their Instagram feeds and seeing how they shop and party may have a negative influence your buying decisions.

Recognize that celebrities don’t earn like the average Juan does and that the products they talk about on social media are often paid for by brands. It’s tempting to buy the same clothes they wear or tweet with the same sexy new smartphone they’re using. But the hard truth is that you can’t afford to spend like a celebrity.

If you’re determined to save money, you have to live within, and below your means. You’ll find yourself a little bit happier without the pressure of always having to fit in by having the right gadget or brand or car.

Think long term

It’s easy to live in the moment and reward yourself with material things. But you’ve got to think of the future. This means you need to think ahead and plan for situations that can potentially impact your finances. What if you suddenly lose your job? What if a member of your family gets sick? Having an emergency fund will ease the burden of these unfortunate situations.

Money experts recommend setting aside 3 months of your monthly expenditures to keep your basic needs covered while dealing with emergencies. Three months should be enough time for you to find a new source of income or to weather the storm of your new circumstances.

Use public transportation – or share a ride

 

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Image Source: cdn-360-content.s3.amazonaws.com

It’s tempting to use a car or take a cab in order to avoid getting jostled in a crowded train or bus. But discomfort is a small price to pay if leaving the car in the garage can save you a few hundreds each week. Add up how much you need to pay for gas and parking during your commute to work, and compare how much cheaper it would be to travel by public transport. The money you could have paid for a more comfortable ride to work can go to your emergency fund or invested in your long-term goals.

If you really can’t stand getting pushed around in a public vehicle, cut down on costs by carpooling with friends or officemates who live close to you, and ask them to contribute to parking and gas.

Remember that the best things in life are for free

We Pinoys are a social bunch – we love going out with friends and family. But making a habit to go to the mall encourages a lot of unnecessary spending on food, snacks, and other little things that add up. Great memories can be shared with our loved ones without spending so much. Try cooking a meal at home instead of having lunch at a restaurant. If you want a change of scenery, go for a drive to the beach, park, or any place you can spend time outdoors. You’ll find that the experiences you’ve had with your family are more meaningful than the food you ate or the things you bought.

Know a savings tip we missed? Share your advice with us in the comment section below.

This post was originally posted in Moneymax.ph

Author Bio:

Kyle Kam is a Digital Marketing Specialist of MoneyMax.ph, a financial comparison website aiming to help Filipinos save money through diligent comparisons of financial products.

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Setting up a successful business anywhere in the world can be a pretty daunting task, let alone trying to set up a shop in a developing country like the Philippines. Not to mention the tons of requirements needed to be accomplished such as BIR registration.

Getting all the administrative tasks done can take anywhere between 1-3 months, so make sure you have an action plan in place, and you won’t be wasting any time wondering what to do next.

If you keep this guide handy, it will help to explain the potentially complicated process in detail and guide you through—one step at a time.

Potential Business Ideas

You can start just about any business in the Philippines and make a profit out of it. However, there are certain roles and industries where you’re most likely to have a better chance of success.

Here are a few suggestions:

  • Home businesses may include farming plants or animals, establishing a food service, buy & sell, or freelance writing.
  • Sari-sari stores are common businesses in the Philippines that require minimal capital to start up.
  • Printing business is popular in the Philippines for both enterprises and consumers.
  • Laundry/dry cleaning businesses are generally in demand anywhere you go.
  • Professional services may include hair styling, photography, landscaping, consulting, and web development, among many others.
  • Pet care/training can have high-profit margins if you can build your customer base.
  • Appliance repair might be your best venture if you fancy yourself as a handyman.
  • Travel &Tours – If you’re passionate about traveling and tourism, you could be a great travel guide!

Risks and Benefits of Sole Proprietorships

A sole proprietorship is a business that is owned and operated by a single person as opposed to partnerships and corporations.

The obvious risk of going solo is that you are wholly liable for any loss that your business suffers. The less obvious risks are that managing a business by oneself can lead to exhaustion and creditors, as well as government agencies can go after your personal assets since you are the business.

However, if you manage to get over these risks, here are some of the benefits you could reap:

  • Sole proprietorships are cheaper to set up and register.
  • Capital requirements, as well as licensing costs, are minimal.
  • There are minimal regulations and monitoring requirements.
  • You don’t have to share the business profits with anyone.

Registering Your New Business

In registering your business, remember to prepare all necessary documents beforehand and pay all required fees at the relevant agencies.

  • Pick a name for your business (while having a backup name as well) to verify and register with the Department of Trade and Industry (DTI).

*If your business is a partnership or a corporation, you must register your business with the Securities and Exchange Commission (SEC) instead of DTI.

  • Deposit the paid-in minimum capital requirement (PHP 5,000) at the bank.
  • Obtain clearance from your local Barangay. This requires your DTI/SEC and incorporation documents.
  • Obtain the business permit to operate from the Business Permits and Licensing Office (BLPO), which will require your barangay clearance as a prerequisite.
  • Apply for a Certificate of Registration (COR) and Taxpayer Identification Number (TIN) at the Bureau of Internal Revenue (BIR). This requires all previously mentioned documents for application purposes, as well as special books of account for stamping, which can be found at bookstores nationwide.

*Print and keep all agency receipts and invoices for reference purposes.

Final Note

Keep in mind that if you are planning on hiring employees to work for the business, you must register with the Social Security System (SSS), the Philippine Health Insurance Company (PhilHealth), and the Home Development Mutual Fund (Pag-Ibig). These are all prerequisites for employment, and you will need to declare employee salaries and contribute towards these funds whenever you process payrolls.

The entire registration procedure can take a while—thanks to processing times, so don’t simply wait around for the various agencies to fulfill requests. Use the time to work out any other necessary arrangements, which could include sourcing financial investments, office supplies, preparing the business location, rental agreements, and lining up your suppliers.

Follow these simple guidelines and you can set yourself up with the best possible chance of creating a successful, even thriving business in the Philippines. Happy trading!

This is article was submitted by: Danella Yaptinchay. She is the managing director of Full Suite, a service company providing back end support to small businesses. She is a co-founder of Co.lab, a coworking space, and of the media company Homegrown.ph. In constant pursuit of balance and self-development, she tries to apply the practices of yoga to her daily life.