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Life Tips for Personal, Financial and Business Growth

Maxwell

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Want Better Returns with Your Life Insurance Policy? Invest in ULIP

The need and demand for life insurance plans have increased drastically after the onset of the ongoing pandemic, as life has become uncertain and unpredictable. The search for ideal insurance plans that can secure the financial future of your loved ones in case of your untimely absence has risen significantly. However, do you know that your life insurance policy can also help you grow your wealth? In such a case, you can invest your hard-earned money in Unit Linked Insurance Plans (ULIPs). If you wish to gain more knowledge about a ULIP policy, read on.

ULIP is one such life insurance policy that offers insurance and investment components under a single plan. Part of your premium is invested in equity funds (large, mid, or small-cap), debt funds, or a mixture of both types of funds after the deduction of appropriate ULIP charges. You can select the type of funds where you want to invest your hard-earned money in according to your risk appetite. You can choose the percentage of the amount that you want for insurance and investment.

ULIP policy comes with a lock-in period of five years that gives enough time for your investment to grow. The mandatory lock-in tenure inculcates a habit of savings, which makes you a disciplined investor. However, financial experts believe that you should stay invested in ULIP for a minimum of 10-15 years if you want to earn attractive returns. You can reap the benefits of the power of compounding and capitalize on the returns. In compounding, the amount that you have earned from your investment over the years is re-invested to generate additional wealth. Also, a long period of approximately 15 years helps you to cover up any losses due to poor conditions of the equity market.

One of the best features of ULIP is that offers the facility of switching from one fund to another. So, if the equity market is on the decline, you can move your money from equity funds to debt funds. In such a way, you are safeguarding your funds from the risk associated with the volatility of the equity market. Similarly, if the market is bullish, you can transfer your investments from debt funds to equity funds. In this way, you can have better control over your investment and simultaneously maximize the returns. When you compare ULIP returns in 10 years with most of the wealth-generation instruments, you can see that ULIP is the clear winner. It offers better returns than bank fixed deposits, Public Provident Fund (PPF), Post Office deposit schemes, and many other financial products.

Another key highlight of ULIP is that it offers tax exemptions. You can claim a tax deduction under Section 80C of the Income Tax Act, 1961, for the amount that you pay towards your premium. In this case, the maximum permissible limit is INR 1.5 lakh per annum. Besides this, the death benefit received by the beneficiary of the policy as well as the amount received on maturity is tax-exempt as per Section 10(10D) of the Act.

To sum it up

ULIP is the only life insurance product available in the market that offers the dual benefits of insurance and investment in one policy. If you are skeptical about the returns offered by ULIPs, you can conduct a research on the top-performing ULIP funds and analyze their performances over the years. So, invest in a ULIP that meets your financial needs and is in line with your risk-bearing capability.

 

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4 Biggest Mistakes New Dog Owners Make

Congratulations on being a new dog owner! There’s nothing that’s quite as exciting as bringing your new puppy home and starting your new life together. However, if you’ve never had a dog before, you might be in for a shock when you realize just how much work is involved.

It’s in your best interest to anticipate the challenges ahead in order to avoid some of the most common mistakes. If you avoid them, you will manage to have a wonderful experience and a well behaved dog for years to come.

Take a look at some of the most critical no-no’s that you should look out for as a new dog owner.

 

Not Saying No

Some people don’t understand that dogs aren’t humans; they are dogs. You can’t expect your dog to know right from wrong unless you tell them. Saying “no” is the best way to discipline your dog and teach them healthy boundaries. Dogs that are never told no are the ones that usually develop behavioral problems.

They may become aggressive towards other dogs or even bite someone while out on a walk. The last thing you want to do is have to go to court because your dog attacked a helpless person. Establish the rules from the beginning by saying no.

 

Letting Them Pull

Part of being a responsible dog owner is taking your dog out on regular walks. However, in the beginning, your dog may pull quite a bit. Rather than accepting this as part of the experience, you should know that it is not something you have to deal with. Don’t let your dog pull under any circumstances. The sooner that you start educating them on how to walk on the leash, the better.

 

Letting Them Wander Around The House

It’s only natural to get home with your dog and let them wander around your home like any other family member. However, this is a big mistake. Dogs should know that there are certain areas of the house which are not allowed for them to go into. Places like the kitchen are areas that the dog should never be.

If you are ok with your dog going on your couch or your bed, just make sure that you establish it as an invitation-only place. Dogs who start to think that they have the run of the house are usually the ones that develop behavioral issues.

 

Not Socializing your Dog

If you’re protective of your dog, that’s perfectly normal. However, it’s important that you let your dog out into the world to socialize them. A lot of dog owners avoid letting their dogs around other canines in an attempt to keep them safe. However, socialization is critical in order for your dog to be peaceful with other pooches.

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4 Tips For Adjusting To Living In a New City

For some people, there’s nothing more exciting than the idea of packing their bags and moving to a new place. However, for other people, the idea of moving somewhere new where they don’t know anyone may be their worst nightmare.

It can be difficult to start over and build from the ground up. If anything, it can be downright nerve-wracking. However, moving to a new place can be a wonderful experience once you get over the initial adjustment period. It’s all about knowing the right tips for setting yourself up for success.

Take a look at some of the best tips for adjusting to living in a new city.

 

Use The Internet To Your Advantage

The internet is a great place to meet people and start to introduce yourself to different groups. You can find different pages in your area dedicated to hobbies you enjoy, sports you like playing or even volunteering opportunities. In addition to joining groups online, you may also want to consider dating apps.

If dating apps aren’t your thing, then that’s okay. Other social networking sites such as Instagram or Facebook can be great ways to meet people in your area too. It’s all about knowing the right hashtags to look for.

 

Ask To Be Introduced To New People

Once you start to make connections, don’t be afraid to ask the people you meet to introduce you to more friends. It’s all about networking when it comes to adjusting. Don’t be too nervous about putting yourself out there and asking to meet other people who might have similar interests as you.

You might be surprised that your friends know you better than you know yourself. They may introduce you to someone that ends up being your best friend for life. You’ll never know until you ask!

 

Hang Out At Regular Spots

One of the most reliable ways of getting to know people in your area is becoming a regular in the places you like to go. Whether it’s a bar, the library, or the grocery store, showing your friendly face regularly somewhere is bound to create connections. Get to know the employees as well as the customers. Always say hi, and start up a conversation.

 

Be Patient With Yourself

It’s important to be realistic when you’re adjusting to a new place. A lot of people expect themselves to adjust instantly when in reality, it can take up to a year to start feeling comfortable where you are.

The truth is that during the first year of living somewhere, you’re bound to have ups and downs and maybe even doubts about whether what you did was the right choice. Be patient, and remember, this is all part of the process.

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How to enjoy a ‘night out’ while staying in and saving money

We all enjoy the fun of a night out. The only problem is most of us don’t enjoy the time and effort it takes to get ready before you make it out of your front door and the cost of everything once you are on a night out. With this in mind, here are some ways you can have all of the fun of a night out while saving money at home.

Find the same levels of entertainment online

You might think it’d be impossible to match the emotions you experience on a night out without leaving your house. Luckily there are many ways you can have the same amount of fun and excitement from the comfort of your home. One great example of this is when it comes to casino games. You might think the only way you can have the adrenaline rush of playing these games is by going out to your local casino hall. In fact, you can play the exact same games in the exact same way from your computer. The great thing about playing from home is there are many websites that will allow you to try playing a game without having to spend any money. Find a website, like freeextrachips.com, that lists all of these websites where you only need to pay when you’re sure you’re happy with the game you’re playing.

Zoom with your friends

You might think the only way you can have a good chat with all of your friends is to get them all in the same room together. The only problem is it’s often hard to find a time where you all have long enough to get ready and travel to the same destination. This can be especially hard if all of your friends live far away from each other. Instead, why not try meeting with your friend regularly on a video conferencing software like Zoom. You might find you end up having better conversations as you’re in a more private setting than a loud and busy bar or café. By using this software, you’ll be able to meet up more often and even have longer to chat when you do meet up as you don’t have to waste time traveling somewhere or even queueing to get a drink or go to the toilet. You’ll also save a lot of money on drinks and taxis home.

Cook instead of ordering

One of the most expensive things when it comes to socializing is going out for a meal. If you end up ordering all three courses and lots of wine in-between, you could be faced with paying a very large bill at the end of the evening. You might think that going to a restaurant is the only way to taste the highest quality food. In fact, sometimes going to a restaurant just means you have to choose from a very small selection of meals and sometimes even have to wait a very long time for it to arrive at your table. If you like more choice about what and when you eat, invite your friends round for a meal at your house instead. Even if you aren’t the best cook, many recipe boxes will now deliver every ingredient you need along with an easy to follow instruction card to make lots of different luxurious and exciting meals.

With these tips, you’ll enjoy a great night out from the comfort of your own home.

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How to Help Your Teenager Overcome an Eating Disorder

Eating disorders can develop when a person becomes obsessed with their body shape, weight, and appearance, and they start to use unhealthy methods to lose weight or prevent weight gain. This can include restricting their food intake, purging food from their bodies, and/or exercising excessively. Eating disorders can cause significant physical and mental health complications, and in some cases they can be fatal.

If you believe that your teenager may have an eating disorder, there are several ways in which you can support them to increase the likelihood that they make a full recovery and lead a happy, healthy life.

What causes eating disorders in teenagers?

While most anorexia sufferers are young females with early signs of the condition emerging at the age of 16-17, eating disorders can be brought on by several factors and can affect anyone of any age or gender. However, some teenagers may be vulnerable than others if they have an existing mental health issue like anxiety or depression, a close family member who exhibits disordered eating, or have experienced bullying, trauma, or abuse. There is a lot of societal and media pressure on girls and women to be thin and fit a specific body type. If they take part in a hobby or sport where being slim is viewed as important (e.g., dancing or athletics) this may also be a contributing factor.

Speak to them

Your first step is to offer your child the opportunity to talk to you about anything that is upsetting them. They may decline the offer, but you can still encourage them to speak to another adult they trust. The important thing is that they know you are available to listen.

Find professional help

Eating disorders require professional treatment, so if you have concerns about your child, it is important to find it as soon as possible. The sooner they get the help they need, the quicker their recovery is likely to be. Your first port of call is your family doctor who will be able to provide a referral to a specialist center such as edentreatment.com for assessment and treatment.

Do not judge or criticize their behavior

From the outside, eating disorders can be confusing and frustrating, and this is especially true when our child, who we love and believe is beautiful inside and out, is struggling to see their own beauty. However, it is important not to minimize their issues or criticize their behavior. Let them know that their feelings are important to you.

Learn more about eating disorders

Eating disorders are complicated and can be confusing, so make it your business to find out what you can about their diagnosis as well as their personal triggers, concerns, and behaviors. This will put you in a better position to provide support and show your child that you are there for them.

Stop talking about diets, body shape, or weight

For many people, talking about the foods we eat, weight loss or gain, body shape, and diets is everyday trivial, conversation, but for children and adults with eating disorders this kind of talk can be distressing and triggering.

Be patient

Eating disorders are not cured overnight, and your child will likely fall back into old eating habits on their road to recovery. The best thing you can do for them is remain positive and patient, reassuring them that they are on the right path and you are there for them.