Hustling - The Smart Way to Achieve Goals

Improve communication resilience & self-confidence, Learn psychology manipulation techniques & the power of rhetoric, earn more money

Simone Janson, Simone Janson, Simone Janson

• Publisher: Best of HR – Berufebilder.de®
• Year: 2024
• ISBN:
  9783965965294
• Edition: 4
• Topic: Personal Development
• Subtopic: Careers

In the 4th, completely revised edition of this groundbreaking guide, published by an award-winning publisher, renowned experts (overview in the book preview) combine their knowledge with interactive AI. This unique combination of decades of experience and state-of-the-art technology enables you to master challenges on a whole new level. Thanks to the innovative transfer of information, complemented by personal experiences of success, you can realize your goals and reach your full potential. Because a hustler is someone who successfully tricks his way through life with a certain farmer's shrewdness and whose goal is to get a lot of money quickly. It's not necessarily comfortable, because hustling can mean really hard work, but basically it's about making your life easier. Often, hustlers are also very charismatic people who skillfully use their appearance to inspire other people. And even if one or the other may be annoyed by this, one can learn a lot from the cleverness of such people. But how much trickery is allowed and makes sense? When does a harmless trick turn into a real scam? And when is the line crossed to manipulation and worse? This book uses many examples, tips, tricks and lifehacks to show how hustlers can make everyday life easier, but also when it becomes difficult to stretch the truth too recklessly. For its concept "Information as Desired, " the publisher won the Global Business Award as Publisher of the Year and received government funding. It is also a partner of the Ministry of Education and Research of the Federal Republic of Germany. The goal to give you the best possible content on topics such as career, finance, management, recruiting, or psychology goes far beyond the static nature of traditional books: The interactive AI Extended Books not only provide AI-optimized content in several languages based on data analysis but also allow you to ask individual questions and receive advice tailored to your personal interests. Each book contains detailed information and examples for your successful use of AI. You can utilize AI software for free, download e-courses, collaborate with workbooks, or engage with an active community. So you gain valuable resources that enhance your knowledge, stimulate creativity, and make your personal and professional goals achievable and tangible. Expertise and technical innovation go hand in hand, as we take the responsibility to deliver well-researched and informed content seriously, honoring the trust you place in us. Due to the unique combination of human expertise and innovation, we can publish works that meet your requirements in every aspect. And furthermore, we want to offer you the opportunity to make your journey towards personal growth and success even more unforgettable. We understand that true change occurs not just in the mind but primarily through personal experiences and application. Therefore, we've conceptualized special success journey experiences tailored to each book for you. Be inspired to elevate your life to an entirely new level. By purchasing the books, you can also do good: The publisher dedicates about 5 percent of book sales revenue to socially relevant or sustainable projects. We provide scholarships, support innovative ideas, and contribute to climate protection initiatives. Publisher Simone Janson is also a bestselling author and one of the top 10 influential German bloggers according to the Blogger Relevance Index. Additionally, she has been a columnist and author for renowned media outlets such as WELT, Wirtschaftswoche, or ZEIT - more about her can be found, among other places, on Wikipedia.

Exchange knowledge for investments and investments: How does securities speculation work?
// By Judith Engst, Rolf Morrien

In times of low interest rates, savers and investors need other forms of investment. Stocks can be a worthwhile alternative. If you know how the stock exchange works, you can even lie down and sleep.

Germany: no country of shareholders! Why actually?

The following saying comes from stock exchange guru André Kostolany: "Buy stocks, take sleeping pills and stop looking at the papers." Are stocks really that safe and useful? One thing is clear: the Germans are considered to be extremely savvy people. However, savings are made quite one-sided. The desire for security dominates. In Germany, for example, life insurance policies with the advertising arguments "security" and "security" have been selling well for decades. From a purely statistical point of view, every German has an average of more than 1,1 life insurance policies. Germany has been lonely at the top in the discipline of "life insurance contracts per inhabitant" for many years. The insurance companies are happy to receive double-digit billions in premiums every year. Other forms of savings such as building loan contracts or savings books are also very popular. With this conservative investment strategy, Germans have managed relatively well in recent decades.

The Germans, on the other hand, had less luck with "more aggressive" forms of saving. In the stock boom around the turn of the millennium, the number of stocks and stock fund owners rose almost explosively from 5,6 to 12,9 million. The subsequent slump in the multi-year crash has shaken confidence in the stock investment form. Even the relatively solid German leading index, the DAX, suffered a setback from over 8.000 to 2.200 points. The losses in the "New Market" segment were even higher. Anyone who bought a “people's share” like Deutsche Telekom for 100 euros and then sold it for a short time later for 10 euros will initially stay away from shares.

New investment strategy needed: More courage to share culture

The decline in stock culture therefore began a good twelve years ago and is still ongoing. The number of shareholders and equity fund owners fell from 12,9 (2001) to 10,8 (2005) to 8,7 million (2011) and, due to the persistent low interest rates in the Eurozone, only increased slightly to 2015 in 9,0 Increase millions. This corresponds to only about 11 percent of the population. In England - traditionally a "stock exchange country" - almost every fourth inhabitant owns shares or equity funds. Quotas above 20 percent are not only achieved in the Anglo-Saxon area. In Sweden, almost every fifth inhabitant owns shares - and Sweden is not known as a "gambler country".

The reluctance of German savers naturally also has consequences in terms of ownership. 15 years ago, domestic investors controlled around two thirds of the DAX shares. Today it is less than half. The majority is in the hands of foreign investors. For the stock market, it doesn't matter where the capital comes from. The large inflows of funds from abroad have led to the DAX reaching a new all-time high in 2015.

However, German investors have hardly benefited from the upswing - they have left the stock market beforehand. Given the major challenges in the area of ​​private pensions, it is probably the wrong decision. There are several reasons why the traditionally conservative investment strategy no longer fits the challenges of the 21st century. As an example, we would like to mention just two points: the structurally low interest rate level and the demographic development that is causing a supply gap.

Low interest rates mean that life insurance policies are barely making any difference

After the bankruptcy of the USBank Lehman Brothers in autumn 2008, capital was drawn from the market worldwide in a panic reaction. Cash was king! Since suddenly the "lubricant" for the global economy was lacking, the central banks worldwide cut interest rates in order to quickly make money available again. In the important economic regions of the USA, Europe and Japan, key interest rates are still around 0 to 1 percent - about eight years after the Lehman bankruptcy.

The flight to secure forms of investment and the low interest rate level caused the average yield on German government bonds to slide into negative territory in mid-2016 - a situation that had never been seen before. The returns are extremely low if the money is only to be invested for a short time. Anyone who wanted to park their money relatively securely with the federal government in 2016 and invested in short-term federal securities also had to accept negative returns - so they paid to be allowed to park money with the state.

Interest rate policy has an impact on life insurance

This interest rate policy has an impact on life insurance. Because of course they also invest their money on the capital market. Yields on life insurance will continue to fall. The reported guaranteed interest rate fell from 4,00 percent in 2000 to only 1,25 percent in 2015 and will be further reduced to 2017 percent from January 0,9. The trend continues. The reason is simple: Over 60 percent of the over 800 billion euros that life insurance companies invest in their customers are in fixed-income securities (we will go into the details in a later chapter). However, if these bonds only yield a return of 0 to 3 percent, the total return cannot exceed 3 percent. Finally, there are also administrative costs and the owners of the insurance groups also want to be served (Allianz shareholders, for example, receive an attractive dividend).

Since a short-term interest rate turnaround is not in sight, the average returns on insurance are likely to continue to fall. The question is: Which new customers are still investing in life insurance? The insurance companies are still comforting their customers with the fact that the low interest rate will soon be overcome. But hope is deceptive. A radical rate hike is not in sight in the long term. You only have to look at the development of interest rates in the world's most important market - the USA - since 1980. Interest rates have been falling for over 30 years! In 1980, the Federal Reserve fought the last big battle against inflation. Interest rates rose into double digits. The yields on five-year US government bonds rose to 12 to 16 percent. In 1990 the yield was around 8 percent, in 2000 6 percent, in 2010 around 3 percent and since 2012 below 1 percent. There are always fluctuations, but the long-term trend is clearly down.

Why the interest rate remains low

If you are looking for an explanation, all you have to do is look at one statistic: government debt. Since the lifting of the gold standard (the dollar's peg to gold) in the early 70s, US debt has increased. First slowly, then faster and faster. Since the onset of the financial crisis, the pace can only be described as rapid. US government debt reached a record high of around $ 2016 trillion in autumn 19,5. Now just combine the two statistics: If interest rates in the United States rose to the level of 1980, the United States would have to pay over $ 3 trillion in interest annually. A utopian number.

Hence our conclusion: Since the formally more or less independent central banks are familiar with the debt problem, they will keep the interest rate level as low as possible so that the interest burden still has to be shouldered. If the economy is going well again, there will be interest rate hikes, but these will be significantly lower than in earlier upswing phases. In weak economic phases, however, the interest rate level is kept as long as possible in the range of 0 to 1 percent, so that there is no additional pressure on the already catastrophic public finances. Even the abolition of cash is already being discussed in order to clear the way for negative interest rates.

Conclusion: The interest rate level is falling. This is poison for the conservative German life insurance companies, which mainly invest in government bonds (although the question must be asked whether government bonds can still be considered "conservative" in view of the debt crisis in the US, the EU or Japan).

Private pensions become a "must"

The longer the current low interest rate lasts, the greater the risk of turbulence in the insurance industry. It is an open secret that some insurance companies are already living on reserves - but they are finite. Life insurance policies are becoming less attractive. There will be a shakeout. The consequences for the owners of the policies are open. Current contracts should not be terminated prematurely, but "fresh" capital can be invested more strategically.

The same applies to conservative savers: invest your money on the stock exchange. In this book, you will learn what options are available to invest the money on the stock exchange in order to optimize the return opportunities. The spectrum is huge and ranges from stocks, funds, discount certificates and convertible bonds to gold as a nest egg in the crisis.

Demographic developments mean that we have to work longer and longer. The buzzword "pension at 70" is unfortunately only the beginning. If you want to know where the trend is heading, it is worth taking a look at Scandinavia. State reforms are often discussed in a more objective and far-sighted manner. A radical form of pension has already been implemented in Denmark. The approach: In the long term, legislators should no longer arbitrarily set a retirement age every few years, but instead should incorporate an automatic adjustment to life expectancy. As a rule of thumb, the pension period should average 15 years. The social system tolerates such a period of reference for the pension. That sounds harmless, but it has serious consequences. The Danes currently have a life expectancy of 82 years. The retirement age therefore had to be increased from 65 to 67 years.

Declining pensions, increasing life expectancy

The big but: The average life expectancy has been increasing for many decades and is expected to continue to increase in the coming decades. In Denmark, the forecast for 2030 is 86 years life expectancy. The retirement age would then automatically increase to 71 years. And that's just the "careful" forecast. Other scientists expect a life expectancy of 89 years. According to the formula, the retirement age should then be increased to 74 years. We do not need to discuss the reliability of such forecasts at this point. But one thing is clear: we have to work longer and longer. As high as it currently sounds, the number "70" will not be the last number in Germany either.

Since the start of retirement at 70 is only a theoretical number for many people, this reform must be translated: it is simply a matter of reducing pension entitlements. If you cannot or do not want to work into old age in the future, you will have to accept significant discounts. The effects are different: the problem of old age poverty will increase. At the same time, many people who dream of a relatively high standard of living will have to make big cuts.

The only way out: Those who have the financial means must (!) Save. Private old-age provision becomes mandatory. In this case, too, the exchange offers answers to the problem. Of course, private old-age provision with stocks and funds should not be about "gambling". Strategies that last for decades and enable targeted, strategic wealth accumulation are in demand. Astonishingly small sums per month are often enough for this. Anyone who "feeds" a monthly fund savings plan for ten or 20 years can lay the foundation for private retirement provision. So you have to find the right DepotBank, open a custody account, set up a savings plan and calculate the subsequent tax burden (even the tiresome subject of taxes cannot be left out).

If you do not want to rely on fund managers, but want to choose the most attractive substance shares for a long-term deposit yourself, you will also find what you are looking for in this book. We explain the difference between cyclical and non-cyclical industries, but also very practically the best selection criteria. So that you can read and understand the annual reports after buying the shares, you will find the key terms here such as EBIT, cash flow, earnings per share or equity ratio with the appropriate explanation.

What happened on the stock exchange?

First of all, the stock exchange is a trading place. Think of it like a weekly market: you go there and buy fruit, vegetables, meat and cheese. The question, of course, is what prices you pay for it. The prices depend on supply and demand. If the cheese dealer is assailed by his customers for offering such delicious French Camembert, he can raise his prices and still get rid of his Camembert. But if no one wants to buy his boring Danish butter cheese, he has to go down with the price for better or worse. Maybe there will be a few interested parties. You notice: The prices depend on the supply and the demand. This is no different on a weekly market than on a stock exchange.

So how do the weekly market and stock exchange differ? Quite simply - in the things that are traded. You do not buy real goods that you can eat, drink or wear on a stock exchange. You only buy securitized rights. What does that mean again? In the past, an investor bought printed notes on the stock exchange - so-called shares. These notes documented that the investor had become co-owner of a particular company. But that did not mean that he could simply walk into the company's warehouse and use the products stored there to his heart's content. As a co-owner, however, he had the right to indirectly determine, together with the other shareholders, the composition of the executive floor. And he could also expect to share in the company's profits. If the prospects for profit were good (or at least that was what the stock market believed), demand rose and with it the share price - the price for the share. If something was rumored about impending losses, the price fell. But we'll get to that later. Let us stay with the typical commodities of the stock exchanges as we know them.

This is how stock trading works

Today, printed notes are no longer exchanged, everything works electronically. However, the real commodity on the world's stock exchanges has remained: securitisations. Or you could simply say: securities.

• Shares represent co-ownership of a company.
• Bonds represent the right to have borrowed money and interest repaid.
• Fund shares represent the right to the e...