focused and improve our work output will need a conscious effort and honest self-examination of our daily activities to

increase our work output.

Self-examination itself requires a degree of honesty but most of us have become very good at making excuses to ourselves and

others as to why we do, or don’t do, things. Have you ever considered your rate of productivity objectively? Sooner or later,

most of us are forced to whether that force is applied by a “boss” or by financial necessity, it happens.

Rigorous self-examination

Honesty is the first step that needs to be accommodated and adhered to when doing a rigorous audit of your daily activities.

When you actually are doing something, do you know whether or not it is actually producing something beneficial to the

desired daily outcome?

The reason we all go to work is to earn money for ourselves and our families to live. Living without an income is

near-impossible; believe me, I know how difficult it really is trying to survive without an income!

The reason some people overlook the reason why they have a job in the first place is because the ‘boss’ thinks that you are

the best person to do the job that will increase company or business profits. So, if you ask yourself the question “Am I

increasing profits for the business/company?” and you answer honestly, that you are not; you will have an urgent need to know

how to improve your work ethic.

Unless you quickly improve your work ethic, you may not have a job or a small business for too much longer.

Strong work ethics produce results

Having a strong work ethic will improve your productivity rate substantially. If you don’t have a strong desire now but are

determined to increase your productivity rate then your work ethic will also increase.

3 Suggestions for improving your work ethic

1. Take pride in what you produce each day. Whether that is a clean in-tray or a batch of items neatly stacked that you have

made that day, it is something that you have produced for your day’s work. You can be proud of that.

2. Concentrate on what you are producing and challenge yourself to make each item better than the last one. If you are an

office worker, challenge yourself to make fewer errors in your data processing or in the time it takes you to do a job. There

are always challenges in every job and once you start to challenge yourself to do more and better, you will find yourself a

challenging competitor.

3. Look at the way that you interact and socialize with your workmates? Is this time well-spent and does it add to the days

production? If not, then leave the social aspect for the coffee and lunch breaks. If you run your own small business, do you

treat your customers to too much of your time? Time is money and while you need to spend a percentage of your day interacting

with customers or co-workers, too much time with them will be very costly over time.

Knowing how to improve your work ethic depends on your honesty with yourself and your ability at self-discipline.

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laws and institute special Government Departments in order to force large corporations to be ethical and to oversight ethical

behaviour in some small businesses.

This, frankly, is a sad state of affairs in an enlightened society. Much of this behaviour results from the personality of

the person ultimately responsible for the profits or loss and smooth running of the company or business.

Based on psychological statistics, a psychological assessment of many CEO’s of large publicly listed Companies would most

likely show a very high percentage of them have a narcistic personality disorder combined with a degree of psychosis. Many of

these types of personalities gravitate into management roles in large corporations and some successful small businesses.

Ethics 101 is a module in every business management course taught in Educational Institutions around the world but as time

passes most CEO’s and Company directors seem to forget the little that they learned. These days most Boards of Directors are

so obsessed with the benefits that they accrue for running a profitable company that they tend to throw the ethics by which

they gain them clean out the window.

Shareholders of a Company need to take more responsibility

Shareholders in a large company today also need to examine the statement of accounts much more diligently before attending an

annual general meeting (AGM). Shareholders that are expecting continuously big dividends are part of the ethical problem

today yet no-one is admitting to it.

Unrealistic shareholder expectations are partly accountable for the unethical behaviour of many of the Company/Corporation

managers. Many of today’s shareholders are self-funded retirees that depend on these dividends to bolster their annual

income.

While it is understandable that self-funded retirees need as much income as possible from their shares in these larger

publicly listed companies, it is also causing them to have to pay more out just to live. It has become a problem of raising

living costs to fund these retirees while costing them higher prices in living essentials just to live.

But as the cost of living rises for self-funded retirees benefiting from a bigger income from the dividends; the cost of

living is rising for our whole communities. What happens to families and pensioners on fixed incomes? So the ethical question

is: “Is this an ethical way to run a business?”

It is a real dilemma for our regulators to come to grips with and to date; no-one has been brave enough to make the

unpleasant and difficult decisions on what are ethics in business today.

Establish a Retirement Budget
It is not easy to create a budget for yourself to live by ten, twenty, or thirty years down the road. It is, after all, difficult to know what your grocery bill, auto insurance, or other expenses may look like at that time. However, you can create a budget based on today’s dollars, and then use an inflation calculator online to estimate a total amount of expenses for the future. Consider the costs of those activities you want to partake in, such as green fees for the golf course or gas for the RV. Your retirement budget may need to be adjusted from time to time as the time grows nearer and you are able to more closely estimate expenses. However, even a rough estimate right now can help you to define how much money you will need to retire.

Invest Regularly
Once you have determined how much money you may need during retirement through budgeting efforts, your next task is to start investing. If you are already investing, you can make an effort to invest more. Consider opening a Discover Bank Traditional IRA or another retirement account to help your money grow more quickly. Keep in mind that there will be market fluctuations, and steady growth of retirement funds is almost impossible. Therefore, it is best to start saving and investing early. It is also a good idea to aim high and plan to have more money saved than is necessary in case the market does take a small dip in the years right before you retire.

Pay Off Debts
One of the best things you can do to prepare yourself for retirement is to pay off your debts. Ideally, this will include all debts. When all debts are paid off, including the cars and house, your living expenses will be reduced. This means that you will need less money to live comfortably each month. Consider refinancing your home mortgage or making a few extra payments each year so your home will be owned free and clear before retirement. Also consider saving up and buying your next vehicles with cash to avoid accumulating more debt. If credit card debt is an issue, consider consolidating credit cards so they can be paid off more quickly.

If you want to enjoy a comfortable retirement in the years to come, planning and saving for those years now is key. By planning and saving for retirement, you can better provide for yourself financially in the future.

1. You’ll Have to Pay Off the Loan, Even if You Don’t Have the Car
If the car you have financed is wrecked or written off, and cannot be sold for enough to cover the amount owing on the loan, you’ll still have to pay for the car. If another car is involved in the write-off accident, their insurance might cover it. If they aren’t insured … you’ll have to cover it.
2. Watch Your Mileage
Some Melbourne car financing agreements under a lease structure have an inbuilt mileage limit. If you are too far over or under it, you might be liable for much higher repayments than you planned.
3. There May Be a Large Final Payment
Many people believe that their monthly payments will pay off the full loan amount, when in fact there is a balloon payment with many car financing structures. You need to ensure you are aware of exactly how much the balloon payment is, and have the cash ready … or face some serious financial consequences.
4. You May be Obligated to Get Comprehensive Insurance
If another institution (your Melbourne car finance company) has an interest in your vehicle, you’ll may be required to get comprehensive insurance on it. This ensures that if the car is wrecked (see point 1) the company can recover most of its value.
5. You Should Know the Value of Tax Deductions First
Go to your accountant and ask them to calculate the potential value of tax deductions under various business-oriented car financing structures before you commit to a contract. This ensures that the extra fees, charges and/or interest don’t outweigh the deductions.