The Impact of Motivational Speakers

One of the great things about motivational speakers is that they have the ability to trade a positive impact on the lives of many people. Although many people can see this profession as somewhat cheesy, this is one of the few professions that can create a change big enough to literally change the world. The reasons are many and that is what this article will be about. You will see the many benefits that these types of speakers bring, the impact they can make, and the life-changing effects they can have on an audience. Hopefully by the end of this article you’ll look at the speakers differently.

If you look throughout history, many of the most memorable moments came down to a speech that was given by someone famous. Words such as, “Ask not what your country can do for you but what you can do for your country” and, “I have a dream.” Think of the many times during a sports event where a losing team miraculously comes back and wins the game after the players are exposed to some motivational speech. You see, what these speakers deliver are words. You may think that words are just words but you must realize that words have power in them. Words can move mountains. Words can bring people to tears, make them laugh, and even fall in love. Words are one of the most powerful things that we have. Motivational speakers are in essence, masters of the spoken word.

There so many stories of people who heard a motivational speech and got inspired to make a change in their lives. People have literally transformed their lives from one of mediocrity to one of success and happiness after listening to the words of a motivational speaker. Although the effects of motivation can be short lived, while it’s still there, it can get a person to do things that they never would have done before. It can cause them to get out of their comfort zone and really go after their dreams.

In order to really take advantage of any type of motivation that these speakers can provide for you, you must be able to take action when that feeling of motivation strikes. Otherwise, you will just be merely entertained by the speech and will not have your life changed as a result of listening to it. The next time your company hires one of those motivational speakers, make sure you listen well because what they have to say can change your life forever.

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Upside Down on Car Loan – Chapter 13 Cram Down Provisions and Chapter 7 Redemption

Clients often find themselves in need of debt relief because of a car loan gone badly.

Modern day society necessitates owning and maintaining an automobile which sometimes evolves into a devastating financial burden. Lenders are quick in financing vehicles knowing borrowers highly prioritize automobile transportation over most other financial obligations. Even borrowers with bad credit are fitted into an automobile financing packages priced at high interest rates to compensate aggressive lenders for the added risk.

Financial difficulty often arises from auto financing. The happy car buyer drives their new vehicle off the lot financed nearly 100%. As the saying goes, almost immediately thereafter, the new vehicle depreciates in value several thousand dollars before it is even hits the highway.

Automobile transportation costs $4,000.00 to $6,000.00 annually including auto loan payments, liability and collision insurance, repairs and maintenance and gasoline.

Havoc begins when an unexpected car repair not covered by warranty, or a motor vehicle accident, unexpectedly and substantially decreases the value of the vehicle far below the outstanding loan balance owed to the bank. Or, perhaps more harmlessly, on a trade- in for a new vehicle where eager car salespersons and lenders agree to take in your old vehicle on trade, and throw the remaining outstanding balance from your old car loan (for a little higher payment) on the back-end of your new auto loan leaving the new car buyer considerably ‘upside-down’ on the new vehicle purchase.

These situations leave the borrower in a predicament where sizable portions of income are devoted towards covering an unsecured auto debt obligation that is of no use towards sustaining modest costs of necessities for family living.

Under certain circumstances relief from these devastating financial predicaments can be obtained through a bankruptcy filing.

CHAPTER 13 CRAM DOWN PROVISIONS

Under Chapter 13 of the United States Bankruptcy Code, Debtors are permitted to ‘Cram Down’ the unsecured portion of their auto loans to the fair market value of the vehicle securing the loan. This requires debtors to pay back only the secured portion of the auto loan, but the unsecured balance is treated as a general unsecured creditors providing substantial benefit for the Debtor, permitting Debtor to only pay a small fraction of the unsecured portion of the auto loan debt that is owed.

As an example, let’s suppose our debtor owns a car worth $10,000.00 and there is an auto loan with a payoff balance of $20,000.00. In this scenario, the loan is only partially secured. The auto lender is secured only to the extent of the value of the vehicle or $10,000.00. The remaining $10,000.00 balance on the loan is unsecured. In this situation the Bankruptcy Code affords the Debtor the right to cut off the unsecured portion of the auto loan and treat that portion of the loan as unsecured. So, if General Unsecured Creditors were only receiving a dividend of 20%, the auto lender would receive only $2,000.00 on its unsecured portion of the auto loan.

These situations become sticky between Debtor and Lender because often disagreements arise as to the correct value of the vehicle. Your bankruptcy attorney will need to negotiate a settlement over the valuation before confirmation of the Debtor’s Chapter 13 plan.

Valuation is guided under provisions of the United States Bankruptcy code, specifically 11 U.S. Code § 506 – Determination of Secured Status.

11 USC §506(a)(2) specifically states:

“If the debtor is an individual in a case under chapter 7 or 13, such value with respect to personal property securing an allowed claim shall be determined based on the replacement value of such property as of the date of the filing of the petition without deduction for costs of sale or marketing. With respect to property acquired for personal, family, or household purposes, replacement value shall mean the price a retail merchant would charge for property of that kind considering the age and condition of the property at the time value is determined” emphasis added

The Cram Down provision under the bankruptcy code also provides for a reduction of the interest rate on the auto loan. Often Debtors find themselves shelling out enormous auto payments used to cover exorbitant interest rates auto lenders often charge to risky borrowers.

An interesting exception was enacted under the 2005 Amendments to the United States Bankruptcy Code prohibiting cram downs where the purchase money auto loan was originated within 910 days (2 ½ years) of the filing date of the Chapter 13 bankruptcy [see 11 U.S.C §1325(a)(9)]. Debtors must consider timing of a Chapter 13 filing if they desire to escape the burden of a burdensome auto loan debt. Bankruptcy rules require car loans taken out within 2 ½ years of the bankruptcy filing must be paid as agreed.

CHAPTER 7 REDEMPTION

Cram downs are not permitted under Chapter 7 bankruptcy (or ‘straight bankruptcy’). But, Chapter 7 debtors are permitted to ‘redeem’ personal property under 11 U.S.C. §722.

11 U.S.C. §722 provides as follows:

“An individual debtor may… redeem tangible personal property intended primarily for personal, family, or household use, from a lien securing a dischargeable consumer debt, if such property is exempted under section 522 of this title or has been abandoned under section 554 of this title, by paying the holder of such lien the amount of the allowed secured claim of such holder that is secured by such lien in full at the time of redemption.” emphasis added

Redemption, however, can be difficult under Chapter 7 because debtors must pay upfront in full a lump sum of cash an amount sufficient to pay the secured portion of the auto loan measured by the fair market value of the vehicle at the time Debtor seeks to redeem the vehicle. Chapter 7 does not permit a restructuring of the loan, but sometimes the auto lender will accept payments over time, but usually within a short term.

CONCLUSION

If your vehicle is worth less than you owe on it, bankruptcy options can be advantageous towards affording you to retain your vehicle and move towards better financial health.

Chapter 13 can reduce or ‘cram down’ your loan balance and interest rates thereby lowering your auto payment making it affordable. Chapter 13 also enables you to restructure past due auto payments and spread them over the term of the Chapter 13 plan so you can afford to catch up the past due payments within your personal financial means.

Chapter 7 bankruptcy does not accommodate restructuring of loan repayments but the §722 redemption provisions allow debtors to purchase their vehicles out of bankruptcy for the fair market value of the vehicle, leaving the unsecured portion of the debt discharged under the Chapter 7 bankruptcy.

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PIP: Insurance Coverage That You Want Together With Your Auto Policy

Ever hear of PIP? For those unfamiliar, we'll give you the long form name for this form of coverage. Personal Insurance Protection is an extension of an auto insurance policy that is an optional coverage in some states, a required coverage in others and not available in still other states.

What is it?

PIP or Personal Insurance Protection is a medical insurance that protects you or your passengers if there is an injury from a car accident. If you have acquired it, PIP will cover medical costs and more even if you are responsible for the accident or collision.
Understandably, the coverage is also known as 'no-fault insurance' due to the nature of coverage not being dependent on liability.

Of course in states like New Jersey, New York, Pennsylvania and Florida where the Personal Insurance Protection is mandated, drivers need only get a minimum required amount of coverage.

This is where the insurance professionals put in their advice.

"Don't get the minimum amount of PIP coverage," they say. "Even if you find your overall auto insurance premium on the rise due to our recommendation of at least $ 250,000 in the associated coverage, you'll be thankful if the need arises."

The ensuing example of a policyholder illustrates the truth to the claim.

A man did not like the fact that his car insurance would increase with the acquisition of $ 250,000 in PIP so he decided to stay with the status quo of $ 15,000 in related PIP coverage and no increase in overall auto premium.

But luck was not on his side in this case.

After getting into an accident and remaining in the hospital for two days, the associated bill was over $ 45,000!

This was a hard lesson, spurring him on to requesting additional PIP coverage as recommended by his agency.

"Like me," he said, "most folks do not comprehend how important an adequate amount of health related coverage is in regard to vehicle protection. I learned the hard way that it pays to listen to the professionals who understand the impact of an accident – something that can occur at any given moment anytime. "

Personal Insurance Protection can provide the following coverage after a crash that may result in injury.

• Medical costs, rehab costs, ambulance, medication, durable medical equipment
• Loss of wages if applicable
• Substitute of service by the injured party, if applicable
• Funeral costs if injury leads to death and if applicable in coverage.

For more information about this important coverage, speak to the experienced professionals.

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IRACIS – A Roadmap to Business Intelligence ROI

So often when companies are considering a business intelligence project or software purchase, a question arises that seems to stump everyone involved.

“Where is the ROI in this project?”

This question has stopped many a business intelligence project in its tracks. Maybe it’s asked by the CFO or CEO. Maybe it’s brought up in one of the meetings with a vendor or consultant presenting a solution. The sad truth is if you can not answer this question with hard numbers in specific areas, the ROI probably isn’t there.

I.R.A.C.I.S. is a simple acronym that can be used to quantify a business intelligence project’s worth to a company. It stands for the following:

Increase Revenue – How will this application and functionality drive more sales to new or existing customers, shorten the sales cycle, and/or bring down the cost of sales?

Avoid Costs – By far the area most focused on in BI project justifications. How will this application help us improve efficiency, put more information in the hands of our business people and eliminate wasteful processes?

Improve Service – Will this application affect our client base noticeably? Will we be able to provide more timely and valuable information to our customers, prospects, and suppliers?

Many times in a business intelligence effort, there are outcomes that are deemed desirable. Things like ad-hoc report generation, more informed operations staff, and less lag time in financial reporting are nice. But they will not justify the investment in a business intelligence solution from a quality software vendor without direct and secondary benefits quantified in the there areas mentioned above.

Let’s face it, business intelligence solutions are not cheap. There are many scalable solutions on the market today that range from traditional software implementations, to SaaS (Software as a Service), and even open source solutions. Large companies have long embraced the benefits of business intelligence and now with these diverse offerings the small and mid sized companies are also taking advantage. However, any business intelligence project is only as good as the planning, effort, and data that go into whatever software platform you are using. Hence another phrase often heard in many BI projects, “garbage in, garbage out.”

By using the I.R.A.C.I.S. model to quantify the value of the solution to the company, you provide everyone with a clear roadmap to what is deemed a successful project. From the executive sponsor at the company, to the vendor you are working with, there is no ambiguity as to what is expected as a final outcome. I would challenge any company that is considering a business intelligence project of some sort, that if you can’t find a solution that addresses at least one of the three areas above, if not all three, that the project is probably not worth doing at all. And if the solution or software product is incapable of scaling to address all three areas in the long run, then it probably isn’t the best product for you. This may seem like harsh criteria, but in an era where most large companies own 3 or 4 separate business intelligence tools, it’s apparent that more critical thinking is needed before a solution or platform is purchased.

Not only is this acronym a good way to quantify a project’s worth to a company, but it can become a brainstorming tool for the types of applications you are looking to create. Above I noted that the Avoid Costs portion of this acronym is by far the most focused on for business intelligence projects. Why is that? Is business intelligence only good for eliminating waste and making an organization more efficient? Can it not be used to increase revenue by putting valuable information in front of prospects you haven’t been reaching yet?

I would argue that some of the best and most successful business intelligence applications I know of, focus on the first category of Increasing Revenue. Business intelligence is all about putting the right information into the right hands at the right time. For some company’s that might be an internal business analyst. But for so many others it can be putting information in front of your customers, prospects, and partners to provide new insight on a purchasing decision. When companies are selling complex products and services, sometimes you need to track the customer down where they live. You need to reach out to them with a compelling message about your product or value proposition and give them a reason to act on that information.

If you got an e-mail from a major car insurance provider, showing your current car insurance provider and the estimated rate you are paying, and then a graph showing a $700 savings in rate comparisons for the same coverage over one year, that would be a compelling e-mail to receive. It would probably motivate you to pick up the phone or go to a website to instigate further.

This would in turn Improve Service and Avoid Costs. Being able to present this kind of accurate and timely information to a prospective customer shows them that you have systems in place to save them money and provide the best possible service. It shortens the sales cycle and the cost of sales, driving up margin and profitability. It instills confidence in the company from a customer standpoint and also gets people talking about your product or service.

In the Information Age we live in, the data and information that companies have are their most valuable assets by far. Getting this information out in a usable format to the correct audience can be the role of business intelligence in any company. This should be a goal when looking at what business intelligence can do for a company. Don’t limit yourself to just eliminating waste and automating internal processes. I certainly think projects that focus on those topics are worthwhile and valuable to a business. But when you expand your thinking and remember that using the internet to deliver information in a variety of formats is the most cost effective way to reach a critical mass of people, only then can you realize your full ROI on the purchase of a business intelligence solution.

So the next time a discussion breaks out about a business intelligence project or initiative, think of the I.R.A.C.I.S. model as a way to discuss and evaluate a projects worth to your company. You might be surprised what you can come up with when your thinking turns towards revenue generation and service improvement. Just remember, after you’re done creating a new line of business or increasing an existing one, to ask your boss for a commission.

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Get In Shape for Alpine Ski Touring!

Backcountry skiing is a physically demanding sport, and conditioning away from the slopes can help prevent injuries. You don't train for the good days, you train for the cold and long ones. People generally hate to "train". The outdoor athlete is usually, well, outdoors! Staying in shape comes naturally to the experienced, but not to beginners. When you are stronger you increase your survivability and are safer as a result. You are most injury prone during the first hours or days of a ski tour. Ski touring has its own training effect that is more sport-specific than any exercise you could do in the gym. Conditioning before a trip prepares you for the initial exercise stress of the trip, reducing muscle soreness, increasing ski performance and speeding your adjustment to higher altitudes. Losing excess body weight and doing cardiovascular training improves power and endurance.

Training for backcountry skiing is not like training for cross-country skiing. Strict aerobic training like long-distance running is not enough! Not only do we travel long distances, which requires aerobic training, but we also must carry heavy packs and climb hills, which require anaerobic training. Building an aerobic base with long runs, swimming and biking helps to build a foundation for harder training such as running wind sprints, running stadium stairs and doing swimming one lap sprints.

The North American Skiing Training Center at Truckee, California identified five areas of conditioning important for skiing: Strength, speed / power, balance, flexibility and endurance.

• SPEED / POWER: The stereo type of skiers training is the skier who is jumping back and forth over a box. This is basic Plyometrics or "jump training" originally developed by eastern bloc-Russian trainers. Plyometric is best described as "explosive-reactive" power training. We can also develop this fast reactive training when we run mountain trails since that also develops reaction speed by jumping up and over obstacles. One legged squats

• STRENGTH: Nothing develops strength and muscle size like weight lifting. Most alpine ski teams, including the US team, have strength trainers who emphasize overall body training. Exercises that include core body muscles are the best, such as: Squats, Sit Ups on an Exercise Ball, Bench Presses, Pull ups, Lunges, Inclined leg presses are the best at building whole body strength. Three sets of 12 should be done three days / week when aerobic training is not being done since that may interfere with weight training strength gains. Another one: lie on your back and squeeze a gym ball between your lower legs. Raise your legs to a 45 degree angle with the floor and lower slowly. Keep your back pressed against the floor. Do three sets of 12.

ENDURANCE: Running and biking are great for developing over all endurance which in turn will help the body faster adjust to higher altitudes by increasing
the efficiency of aerobic pathways. Swimming is also a great conditioner for this purpose. Keep your heart rate at 60% of your age adjust maximum. (220
beats per second – your age = max. heart rate x 60% = training heart rate).

FLEXIBILITY: The gym ball and medicine ball have become popular for exercises that stretch leg and inner leg muscles. Stretching should emphasize the hamstrings, hips and back. For example, try placing your leg on a standard chair seat and lower the body-you'll feel how tight your back leg muscles are from seating. Hold this and all stretches for 20 seconds.

BALANCE: Holding a medicine ball with both hands, pick up your right leg a few inches above the ground while squatting a few inches with your left leg.
Repeat with the opposite leg. Each leg needs to work independently. Strength and balance work together to stabilize your body during ski movements.

With the proper conditioning you will ski with more confidence. Your joints will also be protected with an extra amount of muscle that'll encase the joint like a protective brace. The core or the body links the upper body with the lower body. Balancing and stretching when practiced together help to make the body more flexible. There are numerous sources of ski conditioning on the internet. Or you can get into a ski conditioning class at your local recreation center. Try it! You'll meet fellow skiers and you'll have fun doing it!

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Exploring the Architectural Delights of Lille on School Trips

Located in the northernmost area of France, Lille is filled with natural beauty and imbued with a history that makes it an ideal place for students to visit on school trips. The origin of the city is thought to date back to 640 A.D. but it was first mentioned in archives in 1066 A.D. Since the area where the city is built was once wet and marshy, it was named an ‘island’ to indicate the wetness.

The city grew and changed hands over the centuries and in the 16th century it was hit by the plague, a surge in Protestant revolts, and a growth of the local textiles industry. After the French Revolution, the Austrians laid siege to the city, but did not stay around. While many buildings were knocked down or burned in the two World Wars, Lille has since recovered much of its unique architectural heritage; students on school trips to the city can study a variety of influences and styles when they visit the Lille Cathedral and the Town Hall.

The Lille Cathedral

Known locally as the Basilica of Notre Dame de la Treille, the Lille Cathedral is a Roman Catholic cathedral that began its life in 1854. It was decided to build a church dedicated to the Virgin Mary, since the city was already known for its statue of the Virgin Mary. The cathedral should be one of the first stops on school trips and students can’t fail to be impressed by this grand church with its 13th century, Gothic style. The main stretch of the church runs for 132 metres and the spires soar a massive 115 metres into the air. Shortly after these were completed work stalled on the church due to the lack of funds. In 1913 the city had a bishopric, but it wasn’t until the 1990s that funding was available for the main facade of the church to be completed. It was inaugurated in 1999, and today this classically modern cathedral is an impressive sight.

Town Hall

Designed by Emile Dubuisson, and built between the years 1924 and 1932, the Town Hall of Lille is a visually striking work of architecture that should not be missed on the itinerary of school trips to Lille. Inside, the building is centred around a long gallery that is divided by a series of columns with Art Nouveau motifs. The outside of the building combines elements of mullioned windows with triangular gables that create an eye-catching facade. The bell tower was inaugurated in 1932 and is built entirely from reinforced concrete; it was the first building in France to be over one hundred metres tall. Students’ attention should also be drawn to the sculptures of Lydéric and Phinaert at its base. In 2005 the Town Hall was listed as a UNESCO World Heritage Site.

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Multiple Intelligence Theory – Understanding of Interests Help in Choosing the Right Career

Dr. Howard Gardner introduced and proposed the theory of 'Multiple Intelligence' in his book, "Frames of Mind" in the year 1983 and since then the theory has got universal acceptance. Many educators and educational Institutions have embraced this theory in meeting the learning requirements of the learners at various levels. The reason behind the overwhelming acceptance is the fact that there are eight possible ways of imparting education and also to understand a child's interests and intelligence.

Dr. Gardner believes that every individual has either one or more than one of the following intelligences:

1. Verbal / Linguistic Intelligence

2. Logical / Mathematical Intelligence

3. Bodily / Kinesthetic Intelligence

4. Musical / Rhythmic Intelligence

5. Visual / Spatial Intelligence

6. Interpersonal Intelligence

7. Intrapersonal Intelligence

8. Naturalistic Intelligence.

1. Verbal / Linguistic Intelligence : People with verbal / linguistic kind of intelligence have a flair for languages; they nurture interest towards learning different languages ​​and are able to do it quite faster than many others. They show special interest towards reading, writing and interacting with people. They like to participate in debates, discussions, seminars etc. They enjoying listening to lectures and taking notes. They are excellent in remembering any kind of information even dates. They are good in grammar, syntax and structure. They have the ability to explain things in details and teach people. People with verbal / linguistic Intelligence perform well in positions where they get opportunities to utilize the skills of language articulation. Usually they excel as teachers, lawyers, writers and politicians. They learn well through reading, listening to lectures in the class, taking notes, interacting with friends and do well in exams because of their good memory power.

2. Logical / Mathematical Intelligence: People with Logical / Mathematical intelligence have the ability to think in a logical manner. They have the ability to reason things. They are good at mathematical calculations. They are good at solving problems. They can play chess quite well. They excel as engineers, computer programmers, software developers, economists, accountants and scientists. They learn well when they are given logical and analytical problems to be solved. They perform extremely well in aptitude tests. They like to solve riddles and puzzles.

3. Bodily / Kinesthetic Intelligence : People with bodily / kinesthetic intelligence enjoy physical movement. They like to play and dance. Physical activity is more important for them. They do very well in the field of sports. They usually associate themselves with dance and the theatrical performances. Most of them fare well in similar professions. They learn well when the learning involves lot of physical activity more than classroom lectures.

4. Musical / Rhythmic Intelligence : People with this intelligence have musical bent of mind. They have natural inclination towards music. Music in any form attracts them. Students with such intelligence learn well in a musical environment. They have good listening skills. They appreciate music in any form or language and have sensitivity towards it. Naturally they fare well as singers, musicians and composers.

5. Visual / Spatial Intelligence : Such people have strong sense of judgment. They are good at imagination. They have strong ability to visualize. They have an artistic bent of mind. Naturally they fare well in creative arts. With their power of imagination they become good artistes, painters, designers, directors and architects. Students with this kind of intelligence learn well when their creative abilities are triggered by creating favorable environment in the classroom.

6. Interpersonal Intelligence : People with interpersonal skills have good social awareness. They understand people and their way of thinking. They have the ability to strike a conversation with a stranger. They never hesitate to talk to people. They are often described as extroverts. They become stars in any party they visit because of their conversational skills. They have team spirit. They fare well in public relation kind of jobs. They do well in the hospitality Industry and also as marketing professionals. Such students can do wonders if they are put in a team. They learn well in situations where they are required to talk and convince people.

7. Intrapersonal Intelligence : People with this intelligence have good self awareness. They perform better in isolation, than in teams. They are usually described as introverts. They do a lot of self- introspection. They understand themselves very well. They communicate with themselves quite often. They avoid conversation with others unless they are forced to talk. They fare well in desk jobs where there is no requirement of talking. They prefer to work silently on their own. They shine very well as writers, painters, philosophers, scientists and computer programmers.

8. Naturalistic Intelligence : People with naturalistic intelligence have inclination towards nature. They prefer to be close to nature. They like naturalistic atmosphere around them. Such students can learn better in natural settings. They do well as conversationalists, gardeners and agriculturists.

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Equity Theory And Employee Motivation

In business, the Equity Theory of employee motivation describes the relationship between how fairly an employee perceives he is treated and how hard he is motivated to work. Peter Drucker, an author who specialized in economics, first proposed the link between Equity Theory and employee motivation.

The basic idea behind the Equity Theory is that workers, in an attempt to balance what they put in to their jobs and what they get from them, will unconsciously assign values to each of his various contributions.

In addition to their time, workers contribute their experience, their qualifications, and their capability in addition to their personal strengths such as acumen and ambition. Money, of course, is the primary motivating outcome for an employee, but it is not the only, and in some cases not even the most important, factor. Power and status are also prime motivators, as are flexibility, perquisites and variety.

According to the Equity Theory, the most highly motivated employee is the one who perceives his rewards are equal to his contributions. If he feels that he is working and being rewarded at about the same rate as his peers, then he will judge that he is being treated fairly.

This doesn’t mean that every manager should treat every employee identically, because every worker does not measure his contributions in the same way. For example, flexible working hours might motivate a working mother even more than a pay raise. Conversely, though an across-the-board wage increase may delight most employees, the highest producers may become less motivated if they perceive that they are not being rewarded for their ambition. Research on Equity Theory and employee motivation has shown that, in general, over-rewarded employees will produce more and of a higher quality than will under-rewarded, less motivated employees.

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Why Should You Opt For Dealership Financing?

If you are scanning through used cars or new cars for your next purchase, there is a good chance that you may choose auto loans as your preferred option of financing. Due to the current state of economy, not many potential car buyers pick cash payment for the purchase of their new car. A majority of the drivers opt for auto loans. There are numerous ways of obtaining finance for the purchase of your new car, some methods being simpler than the rest. Dealership financing is one of the preferred methods that not only helps you in getting a tailor-made auto loan, but also eases the whole process of acquiring a new car.

How is Dealership Financing different?

Typically, dealership financing is when the dealers extend a loan to their customers. Simply put, it is an in-house financing method wherein either; the dealer will himself finance the auto loan or find a loan for you by visiting banks and credit unions, ensuring that you get the best loan. Usually when you shop around for cars, it becomes an added task of finding a lender for your loan. Dealership financing is different with regard to its aspect of keeping the transaction strictly between the buyer and the dealer, thereby making the whole process a lot simpler.

What are the Reasons for choosing Dealership Financing?

· Convenience

One of the best parts of choosing dealership financing is that everything that you need for the purchase of your car is available under one roof. In a usual case scenario, you might have to make rounds between the dealership lot for choosing your car and the third-party lender for obtaining an auto loan. However, with dealership financing, the process is simplified as your dealer becomes your lender. It is convenient in the sense that you can choose the car of your liking while arranging the auto loan, all at the same place.

· Flexibility

Accommodating a tailor-made auto loan that suits your needs is another feature of dealership financing. As it consists of a more realistic approach, dealerships often provide flexibility in auto loans. It means that you can have flexibility in choosing a budget for your car as well as deciding the monthly payments of your auto loan. Although every lender makes sure that you do not miss out on your loan payments, a dealer presents you with additional financing options that are flexible according to your needs.

· No Discrimination on the Basis of Credit Score

Ideally, it is an arrangement between you and the dealer to ensure that you make monthly payments comfortably. Thus, while negotiating for the finance of your car, the dealership will take into consideration a lot more than just your credit score. Therefore, if you have a bad credit history or a poor credit score, you can still stand to get your loan approved. Also, it can prove to be a credit booster as you are availing a loan with a low credit score.

Dealership financing has its own set of benefits. From arranging a deal that can put you in a position to afford your monthly payments, boosting your credit score and getting you the car you desire, a dealership financed auto loan may just be what you need.

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Cheap Car Insurance

Finding good car insurance can be very difficult. Here are a few tips:

  • Try a few different insurance companies. Companies are different. So are their prices. You may find that one company wants to charge you $1000/month for insurance and another will only charge you $400/month. You might be one of the lucky ones who only gets charged $30/month. Regardless of who you are, call multiple carriers even if the first quote you get appears to be low. You may find another company with a lower rate for you.
  • Talk to friends and family. Other people are just like you, they want cheap insurance too. Chances are, you know someone who has already called all over the place and can give you some good pointers on which car insurance companies were the cheapest for them. Remember, nobody likes to spend money on auto insurance.
  • Use the internet. The internet is a great place to find auto insurance. You can find out information about insurance companies, compare rates, get quotes, and shop around without leaving your house. There are also websites out there like 1carinsurance.org who have organized insurance company data and user data and will tell you which companies people are having success with in finding the best car insurance [http://www.1carinsurance.org] for them.
  • Get auto insurance quotes. Don’t just trust them. Get a quote. They’re free (or, if the quote isn’t free you know you don’t want to use that company). If you can get quotes from 6 or 7 different companies, you then have hard data to compare the companies against each other. You’re also pretty sure you’re going to get the lowest rate.
  • Try local companies. Often times people only think about the big auto insurance companies like Geico or Progressive. They don’t even look around their local communities for auto insurance companies that might exist. Often local companies can offer cheaper rates because they don’t have the large buracracy that larger companies have.

Just remember to shop around as you look for cheaper car insurance. The first company isn’t always the best.

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