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The Other Epidemic Of Obesity

The Other Epidemic Of Obesity

It’s high time business slimmed down and stopped fooling itself with crash ‘diets’ of job cuts and outsourcing
A real "fat cat"

The media are happy to keep reminding us that people in the developed world, especially the United States, are growing ever fatter; that obesity starts in childhood and continues thereafter to pump itself up on a diet of junk food, sodas, and ‘super-sized’ portions.

Yet what we almost never hear about is the exact same process going on in our businesses. Here it’s not junk food that is the problem, it’s junk activities and the ’empty calories’ of time wasted on things that have no real bearing on business success.

Just like many overweight individuals, business also has its diet fads — few of which ever work for more than a short time. When the bloat gets big enough to squash profits, organizations rush to shed jobs and cut back on ‘soft targets’ like training and research. For a while, the panacea was outsourcing overseas — until that got too expensive.

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All these fads tackle the symptoms, but never the underlying cause. It’s just the same with individuals in their working lives. They ‘fatten up’ their schedules and working days with empty calories: activit amounts of time while producing little or nothing of any real use.

Corporate ’empty calories’

What are these productivity and time wasters? At a corporate level, they include endless meetings and PowerPoint presentations, which waste time both in preparation and delivery; providing reports no one reads and statistics nobody uses or understands; preparing budgets that conceal the truth and quarterly figures that do the same; dreaming up projects and initiatives that spawn countless working groups — until they are dropped like all those before them; engaging in petty, inter-departmental feuds and internal warfare; the endless rules and regulations dreamed up by head office types seeking to justify their existence; and — worst of all — spending money asking external consultants to provide options and answers to problems that are totally the responsibility of in-house management.

Most such corporate ‘junk food’ emanates from the executive suite. Like the real stuff, it ‘fattens’ the organization — demanding resources, time, and energy — while providing nothing to further the business. Much of it is only there to satisfy some person’s lust for power, or provide ‘information’ to justify a piece of blatant self-interest. It’s intake without any healthy nutritional value in business terms.

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The outcome is sluggish, bloated, top-heavy organizations addicted to the sweet indulgences provided by eager consultants, busily fattening their pay-checks on ‘busy work,’ while distracting managers from the fact that they need to shape up, slim down, and start doing what they are paid to do — and doing it themselves.

Individuals and their bloated calendars

It’s not simply corporations that become addicted to ‘binge eating’ on useless activities, followed by crash diets of lay-offs and budget cuts. Individual managers do it as well, alternating between adding to their overwork and taking up the latest productivity fad to try to slim down again afterwards.

For such individuals, empty calories include notorious time-wasters like constant Instant Messaging; sending useless e-mails to everyone imaginable; calling pointless meetings to provide the illusion of being in control; continual micro-management (for the same reason); demanding that people check-in constantly — even when there is nothing to report; and running from meeting to meeting, convinced that a packed schedule indicates importance, when all it proves is that they rarely devote any time to their real jobs.

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Corporations filled with people like this find that the number of managers constantly rises (all these activities demand more and more people to keep them going), while those who do the real work are ‘thinned out’ to pay the cost of management bloating.

Productivity means never wasting time on what doesn’t matter

At every level, the simplest way to drive up productivity is to remove waste. Don’t spend time on what isn’t relevant to the business. Don’t apply energy to what doesn’t matter. Don’t allocate people and resources to activities that contribute nothing to the objectives of the business. Don’t add to red tape, dream up new ways to enforce compliance with petty rules, demand useless statistics, or massage the egos of those at the top.

People who genuinely lose weight know there is only one way to do it: by cutting back on their intake of calories and increasing the amount they exercise. Everything else is useless.

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It’s the same for business and working individuals: cut out the ’empty calories’ that clutter up your schedule. Increase the time you spend exercising the responsibilities that matter. Stay right away from expensive, heavily advertised junk foods peddled by consultants.

If you do that, your career will be healthier, your calendar will slim down to a surprising degree, and you’ll start enjoying your work again. After all, carrying all that extra weight around every day is tiring in itself, while massaging the boss’s ego is pretty disgusting work — especially compared with spending time on your real interests.

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Last Updated on March 4, 2019

How to Use Credit Cards While Staying Out of Debt

How to Use Credit Cards While Staying Out of Debt

Many people will suggest that the best thing to do with your credit cards during these tough economic times is to cut them up with a pair of scissors. Indeed, if you are already in huge debt, you probably should stop using them and begin a payback strategy immediately. However, if you are not currently in trouble with your credit cards, there are wise ways to use them.

I happen to really love my credit cards so I will share with you my approach to how I use mine without getting into deep financial trouble.

Ever since about 1983 when I got my first Visa card, I continue to charge as many of my purchases as possible on credit. Everything from gas, groceries and monthly payments for services like my cable and home security monitoring are charged on credit. Despite my heavy usage, I have maintained the joy of never paying any interest fees at all on any of my credit cards.

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Here are some tips on how best to use your credit cards without falling into the trap of paying those nasty double-digit interest fees.

Do Not Treat Credit Cards as Your Funding Sources

Too many people treat their credit cards as funding sources for major purchases. Do not do this if you want to stay out of trouble. I use my credit cards as convenient financial instruments so I do not have to carry around much cash. In fact, I hate carrying cash, especially coins. When you buy things on credit, the purchases are clean and you will not get annoying coins back as change.

I do not rely on my Visa, MasterCard or American Express to fund any of my purchases, large or small. This brings me to my golden rule when it comes to whether I will pull out any of my credit cards either at a retail or online store.

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I never purchase anything with my credit cards if I do not have the actual cash on hand in my bank account.

If I really cannot pay for the item or service with cash that I already have at the bank, then I simply will not make the purchase. Remember, my credit cards are not used as funding sources. They are just convenient alternatives to actual cash in my pocket.

Make Sure to Always Pay Off Balances in Full Each Month

The next very important part of my overall strategy is to make absolutely sure that I pay the balances in full each and every month no matter how large they are. This should never be a problem if the cash has been budgeted for my purchases and secured in the bank. I have always paid my full balances each month ever since my very first credit card and this is why I never pay interest charges.

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Using Credit Cards with Rewards

Most of my credit cards are of the “no annual fees” type, including one MasterCard on a separate account I keep at home as a spare in case I lose my wallet or incur any fraudulent charges. However, I do use a main Visa card which does have an annual fee because all purchases on that card reward me with airline frequent flyer points. For me, the annual fee is worth it since I do travel and I get enough points to redeem many free flights.

You have to decide for yourself if you will charge enough purchases on credit each year without paying interest charges to warrant a credit card that rewards you with airline points (or other rewards). In my case, the answer is “yes” but that might not be the case for you.

I occasionally use a MasterCard or American Express card on small purchases just to keep those accounts active. Also, I have been to the odd retailer that accepted only a certain type of credit card, so I find that having one from each major company is quite handy. Aside from my main Visa card which earns the airline points, the rest of my cards are of the “no annual fees” variety.

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So this is how I use my credit cards without getting into any financial trouble with them. This strategy is recommended only if you are not in debt, of course. In fact, it is worth keeping in mind once you’re out of debt so that you can keep your credit cards active and treat them responsibly.

What are your credit card usage strategies? Let me know in the comments — I’d love to hear what methods you use.

Featured photo credit: Artem Bali via unsplash.com

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