From: Bankable by Forbes - Wednesday Feb 28, 2018 05:56 pm
Ways you’re accidentally sabotaging your business 💼
Money. Career. Balance.
Tame the social media toxicity in your life
Photo: Shutterstock
In the best of times, social media can be a scary place. And when something happens in the world that sparks an emotional response from society, things can escalate quickly. Even though I know something in my news feeds will probably upset me, I’ve become so used to picking up my phone and checking social media that I do so without thinking. In fact, it’s almost like a compulsion—one I find rather unsettling, since I'm often quite affected by the things I see people sharing.

We misspeak, misunderstand, misinterpret, misdirect and miss the message all the time, and through a screen it’s so much easier. Most of us are guilty of this on some level, but there are ways to reclaim control over this toxic cycle. Here are a few ways to restore some balance.
TAKE CHARGE
Tackle money, career and balance with these tips today.

 
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WHAT'S FRESH
Crypto basics you must know before investing

What is it? Cryptocurrency is a digital form of money with no physical qualities (aside from the computer network on which it sits). Just as you’d use the change in your wallet to buy groceries or make an investment, cryptocurrencies—like Bitcoin, Ether and Ripple—are meant to be purchased and exchanged.

Where do you store it? Before you can receive, store and send cryptocurrency, you’ll need a wallet—a secure digital wallet, that is. Sticking with Bitcoin? Its eponymous wallet should do the trick. If a mixed portfolio is more your style, opt for a universal wallet like HolyTransaction.

Is it regulated? One of the most significant differences between cryptocurrency and an exchange like the U.S. dollar is that crypto is decentralized. Transactions are conducted without regulation from a governing entity, and value is determined by the number of people who buy in.
Ways you’re unknowingly sabotaging your business

Procrasti-learning. Don’t get me wrong—personal development is important, especially when you're starting up. But before you go and register for yet another certification, ask yourself: “Is this course really going to boost my bottom line?” If the answer is no, consider allocating those funds directly toward the business.

Not investing when you can. It’s smart to save, but if you don’t spend some of your hard-earned cash, you could end up stunting your business. When you start turning a profit, don’t be afraid to expand your team or invest in new tools that will enable you to build your business.

Ignoring your business numbers. You don’t have to be your own accountant, but you should have a basic idea of how much your venture is generating and how much it’s costing you to stay afloat. Get to know your monthly profits and expenses, from advertising to payroll.
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ONE CHART ANSWER
We all love our pets to pieces, but that doesn't mean they never drive us crazy—like when the couch becomes a scratching post and the kitchen chairs double as another toy for teething. Seventeen percent of all furniture claims in the U.S. are a result of pet damage, and while many of those can be repaired with quick fixes like vinegar or wood filler, up to 16% require the entire piece of furniture to be replaced. Maintaining a clean, beautiful home while accommodating the instinctive urges of your pets takes some effort (and lots of patience) but it's not impossible.
Figuring out how to live your best life can be a challenge—but we can help. Send your questions to askbankable@forbes.com. We’ll publish articles to answer as many as we can. And don’t worry: We won’t print your name. But details could reveal you, so be thoughtful.
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