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Mentorship accelerates success and fosters professional growth

“Exploring how mentorship accelerates success, fosters accountability, and opens opportunities for professional growth.”

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How mentorship accelerates success, fosters accountability, and opens opportunities for professional growth.

In Short

Success is rarely a solo journey. Behind every great achiever is often a mentor who has guided them along the way. Mentorship provides invaluable support, offering wisdom, accountability, and opportunities that accelerate growth. Here’s why having a mentor can be a game-changer in your personal and professional journey.

Guidance & Experience
A mentor brings the benefit of experience, sharing lessons learned from their own successes and failures. This guidance helps mentees navigate challenges, avoid common pitfalls, and make informed decisions. Rather than learning through trial and error, mentees gain a head start by leveraging their mentor’s insights.

Accountability & Motivation
A mentor serves as an accountability partner, ensuring you stay committed to your goals. Regular check-ins provide motivation and encouragement, pushing you to overcome obstacles and stay focused on progress. The right mentor challenges you to grow, offering constructive feedback that fosters resilience and determination.

Networking & Opportunities
One of the biggest advantages of mentorship is access to new connections. Mentors open doors to valuable networking opportunities, introducing you to people, resources, and experiences that might otherwise be out of reach. These connections can lead to career advancements, collaborations, and invaluable learning experiences.

Skill & Knowledge Development
Learning from a mentor allows you to refine existing skills and acquire new ones more efficiently. Their expertise provides a structured learning path, helping you develop industry-specific knowledge while avoiding unnecessary setbacks.

Confidence & Decision-Making
A good mentor instills confidence by providing honest, constructive feedback. Their perspective helps you make well-informed decisions, reducing uncertainty and increasing your ability to take strategic risks.

Long-Term Growth & Success
Mentorship fosters continuous learning and self-improvement. A mentor helps shape your mindset for long-term success, providing not just immediate guidance but a foundation for lifelong growth.

In an ever-evolving world, having a mentor is not just beneficial—it’s essential. Seek mentorship, invest in growth, and watch your success soar.

Dr Steven Enticott is a finance professional, speaker, regular columnist, and author of The Man With A Plan.

For more information www.ciatax.com.au

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Fed cuts rates, signals more potentially ahead

Fed lowers rates amid job market concerns, signalling potential further cuts in upcoming meetings

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Fed lowers rates amid job market concerns, signalling potential further cuts in upcoming meetings

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In Short:
– The Federal Reserve cut interest rates by a quarter-point to address job market concerns.
– Officials expect at least two additional rate cuts by year-end amid ongoing economic uncertainties.
The Federal Reserve has reduced interest rates by a quarter-point, addressing concerns about a weakening job market overshadowing inflation worries.
A majority of officials anticipate at least two additional cuts by year-end during the remaining meetings in October and December.Banner

Fed Chair Jerome Powell noted a significant shift in the labour market, highlighting “downside risk” in his statements.

The recent rate cut, supported by 11 of 12 Fed voters, aims to recalibrate an economy facing uncertainties from policy changes and market pressures.

Policy Dynamics

The decision comes amid intense political scrutiny, with President Trump openly criticising Powell’s reluctance to lower rates.

Despite the controversy, Powell asserts that political pressures do not influence Fed operations.

The current benchmark federal-funds rate now sits between 4% and 4.25%, the lowest since 2021, providing some reprieve to consumers and small businesses. Economic forecasts indicate ongoing complexities, including inflation trends and the impact of tariffs on labour dynamics, complicating future policy decisions.


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Fed faces unusual dissent amid leadership uncertainty

Fed’s Powell navigates contentious meeting amid Trump-appointed dissenters as rate cut looms and succession contest heats up

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Fed’s Powell navigates contentious meeting amid Trump-appointed dissenters as rate cut looms and succession contest heats up

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In Short:
– This week’s Federal Reserve meeting faces unusual dissent as Chair Powell approaches his term’s end.
– Analysts predict dissent over expected rate cuts due to political pressures from Trump-appointed officials.
This week’s Federal Reserve meeting is set to be particularly unusual, with Chair Jerome Powell facing significant disagreements over future policy as he approaches the end of his term in May.Tensions began before the meeting when Fed governor Lisa Cook won a court ruling allowing her to attend, despite opposition from President Trump, who is attempting to remove her.

The situation is further complicated by the recent swearing-in of Trump adviser Stephen Miran to the Fed’s board, following a Senate confirmation.

Analysts believe Powell may encounter dissent on an expected quarter-percentage-point rate cut from both Trump-appointed officials and regional Fed presidents concerned about inflation.

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Potential Dissent

Trump has urged significant rate cuts and for the board to challenge Powell’s decisions.

Some analysts predict dissenting votes from Miran and other Trump appointees in favour of larger cuts. Federal Reserve veterans express concerns that political motivations may undermine the institution’s integrity, with indications that greater dissent could become commonplace.


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RBA plans to ban credit card surcharges in Australia

Reserve Bank of Australia plans to ban credit card surcharges despite banks warning of potential higher fees and weaker rewards

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Reserve Bank of Australia plans to ban credit card surcharges despite banks warning of potential higher fees and weaker rewards.

In Short:
– The RBA plans to ban surcharges on debit and credit card transactions, supported by consumer group Choice.
– Major banks oppose the ban, warning it could lead to higher card fees and reduced rewards for credit card users.

The Reserve Bank of Australia (RBA) intends to implement a ban on surcharges associated with debit and credit card transactions. Consumer advocacy group Choice endorses this initiative, arguing that it is unjust for users of low-cost debit cards to incur similar fees as credit card holders.Banner

The major banks, however, are opposing this reform. They caution that the removal of surcharges could prompt customers to abandon credit cards due to diminished rewards.

A final decision by the RBA is anticipated by December 2025.


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