March 4th, 2015

Personal Development Plan

Written By Nik Halik

Personal Development

nikhalikCreating A Personal Development Plan: Often when you think that you are settled in your job and the new management role you have is a success there could be something that happens to make you doubt yourself. Getting this position is not always going to be all you imagined it would be and there is still the future to consider.

Creating A Personal Development Plan

You need to think about the role you have at present and how you can improve yourself. This can be anything from putting in the best performance you can and can spread to making sure you get the most out of your staff.
This does not have to be the pinnacle of your career and if you work things out properly there could always be a further promotion.
You will need to have a plan in place to make sure that you do not let one of the above interfere with the other.

If your company does not already have a template for this there are plenty on the internet or if you wanted a totally specific one you could adapt it to suit your exact role.

Creating A Personal Development Plan

There are six headings that you should have:-.

Introduction– you need to be totally honest about the point you are starting from. If you try to make yourself and your role seem more important than you are there may be questions asked about why you are not developing faster than would be expected. You can also add the reasons you have for putting together this plan. Here you can add your personal details and a bit of information about the job you do on a day to day basis.
Areas that need development– again be honest about what you need to do to improve. There is nothing wrong with saying you are good at some things, but if you really do struggle there you are going to be caught out. If you are found out to be exaggerating in one area there may be concerns about how honest or accurate you have been in others.
Your strengths– don’t be afraid to say what you excel at but there is a big difference between honesty and bragging. If you are unsure about where the line needs to be drawn there is nothing wrong with asking for advice from trusted colleagues.
Your action plan– this will be the part where you have to carefully consider what you want to do. Making a mistake here could hold you back and lead to others not taking you seriously.
Key contacts– these will be the people who will be instrumental in your development. They can be colleagues or other business people whose views you admire.
Future Training– list all the courses you feel will be beneficial. Remember that there has to be a fine line between what you feel what you need to learn and what the company is prepared to provide. If you list too many the boss may wonder how you have got to the position you have if you still need to learn so much.
Creating A Personal Development Plan …

Nik Halik THE THRILLIONAIRE® , Author of the International Best Seller: The Thrillionaire®, World’s #1 7 Day Weekend Lifestyle Strategist

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March 3rd, 2015

Travel Safety for a woman

Written By Nik Halik


nikhalikTravel Safety for a woman

If you are a woman who is enthralled with the idea of traveling alone like one the main characters in one of Danielle Steel’s bestselling books “Wanderlust”; you will need to ensure that you are safety cautious.

Women, particularly those who are travelling alone are most times the target of unscrupulous individuals. So, ensure that you are prepared and know how to be safe before you pack your bags and head straight for the airport.

Here are some valuable safety tips for women who are vacationing alone:

Travel Tips …

Ensure that You can Be Contacted

Prior to leaving for your travel destination, make sure that your close friends and family member can contact you. Let them know where you will be going to and how long you plan to stay. Leave your email address and the hotel telephone number where you will be staying. Or you can activate your mobile phone for global roaming. Get an IDD (International Direct Dialing) card for an added precaution. Leave a copy of your itinerary. Ensure that you make copies of your travel and personal documents and leave one set with your family– this will be a back-up in case there is a need to replace stolen or lost original documents.

Protect Your Luggage

You should ensure that you invest in a good luggage and luggage locks in order to avoid theft or tampering. Never leave your bags unattended in order to prevent thieves or drug-mule from making a clean switch. You should NEVER carry anything for another person into and out of the country that you are visiting.

Travel Tips …

Keep your Passport and Valuables in a Safe Place

You keep your ID cards, money and credit/debit cards separate from your international passport. This way, if your purse ever lost, you will still have your passport in your possession. Try using a money belt in order to keep your money. Never flout your expensive jewelry, because some thieves will think you are rich and will want to steal from you. Instead travel with trinkets and other inexpensive jewelry. If you ever lose your passport or other important travel documents, then you should go to the police with the photocopies of your documents and file a report. Then take along your police report to your country’s embassy, high commission or consulate and make another report.

Stay in a Safe Hotel

Never book a hotel reservation in a seedy part of town. Stay in a hotel where there is a lot of traffic and there is access to public transport. Secure the doors and windows of your room.

Travel Top Tips

Travel light– you are travelling alone, you need to be able to manage your luggage without help
Do not eat or drink anything offered to you by strangers
Dress appropriately
Do not walk through dark alleys
Walk as though you know exactly where you are going

March 2nd, 2015

The 6 Key Areas of Financial Planning

Written By Nik Halik

Wealth Creation

nik halikOne of the essential financial literacy efforts for individuals is the mastering of personal finance. And, the major element of personal finance is personal financial planning. Here, you will learn about 6 (six) major aspects of personal financial planning put forward by the Financial Planning Standards;

Financial Planning

1. Financial Position
Financial position is perhaps the number one key area of personal financial planning. When you examine net worth as well as household cash flow in order to gain good knowledge about the available personal resources, you are simply looking into your financial position. By net worth, it simply means your balance sheet, which is computed by compiling all assets under your control and summing them up, less all household liabilities at a given point in time. Household cash flow sums up the entire expected income sources in a period of one year, less the expected expenses within that same year. Therefore, once you have this analysis, it is easier for a financial planner to work out the extent and the time frame that the goals of the individual can be achieved.

2. Tax Planning
In a household, the income tax is typically the single largest expense. Tax management does not imply the ability of an individual to pay tax, it is simply concerned more with when the tax would be paid and how much would be paid. You can leverage the various government tax incentives to make the burden of lifetime tax less intense. The progressive taxation method is popular among most modern governments. Therefore, your marginal tax rate increases as your income grows. Consequently, you need to understand how the various tax breaks can be extremely helpful in your financial planning.


Financial Planning

3. Sufficient Protection
Sufficient protection involves the analysis of strategies that would be needful for protecting the entire household from unanticipated risks. The risks in question include health and long term care, disability, property, death and liability. It is possible to self-insure a good number of these risks; however, the purchase of an insurance contract would be necessary for the large part of the risks. You need to be knowledgeable about the personal insurance market in order to know what degree of insurance will be sufficient, and what terms would be most cost effective. So, you may need the help of an expert.

4. Goals Related to Investment and Accumulation
In relation to personal goals and investment accumulation, the financial planner would play a role in suggesting a mix of asset allotment and consistent savings that would be channeled to different investments. Inflation has to be combated by ensuring higher rate of returns from the investment portfolio.

Financial Planning

The 5th and 6th key areas of personal financial planning are retirement planning and estate planning, watch out for the details in subsequent posts.

Nik Halik is an Inspirational Keynote Speaker, Life Strategist, Successful Entrepreneur, Astronaut and Best Selling Author.

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The 6 Key Areas of Personal Financial Planning You Should Know…