Just like there are different types of homes, there are also different types of home insurance policies. The type that works best for you depends on the type of home you live in and the coverage you need. There are eight different kinds of homeowners insurance policies to choose from. Knowing more about each policy type and how they differ from one another might help you choose the policy that best fits your insurance coverage needs.
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Key takeaways
The most common type of homeowners insurance policy is the standard HO-3 Special Form policy.
HO-5 policies offer the broadest coverage of all policy types.
Open peril coverage means losses are covered unless specifically excluded, while named peril coverage means only named loss types are covered.
HO–1
An HO-1 policy is the most basic of all the types of homeowners insurance policies. It only provides coverage for the structure of your home, attached structures like garages, and appliances and home features like carpeting. It does not include coverage for personal property, liability or additional living expenses. Because of those limitations, it’s not as popular as more robust policy options.
HO-1 insurance is a named perils policy, meaning it only covers your home in specific situations, which typically include:
Damage from aircrafts or vehicles
Explosions
Fire and lightning
Hail and windstorms
Riots
Smoke
Theft
Vandalism
Volcanic eruption
Learn more: HO-1 insurance
HO–2
An HO-2 insurance policy is also known as a broad form and covers your home and your personal belongings. Most home insurance companies will cover your personal belongings up to a specified level no matter where they are at home, in your car or somewhere else. HO-2 policies may include liability coverage in some circumstances. To determine if your HO-2 policy includes liability coverage, contact your insurance carrier directly.
Like an HO-1 policy, HO-2 insurance is a named perils policy that covers your home and your personal items from the same circumstances covered by an HO-1 policy. This policy type typically covers the same perils that the HO-1 covers, but usually adds a few additional perils:
Accidental discharge or overflow of water or steam within the home
A falling object
Freezing of pipes and heating and air conditioning systems
Sudden and accidental damage from certain electrical currents
Tearing apart, burning, cracking from some household systems
Weight from ice, snow or sleet
Learn more: HO-2 insurance
HO-3
The most common type of homeowners insurance is the HO-3 Special Form policy, which covers your home, your personal property, liability, additional living expenses and medical payments.
Personal finance and insurance expert Laura Adams says, “An HO-3 is considered the standard coverage. It gives you ‘open perils’ coverage for your home structure, which protects you from all disasters unless the policy lists exceptions. However, you receive ‘named perils’ coverage for personal possessions, which applies to disasters named in the policy.”
Your home and other structures typically have the following perils excluded:
Any animals owned by the insured
Birds, rodents, varmint
Defective construction or maintenance
Earth movement
Flood
Foundation issues
Government actions
Intentional loss
Mechanical breakdown
Mold, fungus, wet rot
Neglect
Nuclear hazard
Ordinance or law
Pet or animal damage
Pollution and corrosion
Power failure
Smog, rust, or corrosion
Theft, vandalism and frozen pipes in vacant houses
Wear and tear
War
Although floods and earthquakes are not covered by a standard HO-3 policy, you may be able to get an endorsement or separate flood insurance or earthquake policy to meet these coverage needs.
Damage from aircrafts or vehicles
Damage from the weight of snow or ice
Damages caused by an electrical current
Explosions
Falling objects
Fire and lightning
Hail and windstorms
Pipes freezing
Riots
Smoke
Theft
Vandalism
Volcanic eruptions
Water damage from plumbing or HVAC overflow
Water heater damage
Learn more: HO-3 insurance
HO–4
An HO-4 policy, also known as renters insurance, is intended for renters who want to insure their personal belongings and get additional coverage, like liability and additional living expenses. An HO-4 is not technically a “homeowners” policy, as renters don’t own their homes, which is why this policy type excludes coverage for the building’s structure.
Renters insurance policies are usually named perils policies that cover the following events:
Damage from aircrafts or vehicles
Damage from the weight of snow or ice
Damages caused by an electrical current
Explosions
Falling objects
Fire and lightning
Hail and windstorms
Pipes freezing
Riots
Smoke
Theft
Vandalism
Volcanic eruptions
Water damage from plumbing or HVAC overflow
Water heater damage
Learn more: HO-4 insurance
HO–5
An HO-5 policy is the most robust option available, covering your home, your personal belongings, liability, additional living expenses and medical payments for others. These policies may also have higher available limits for things like jewelry compared to the more common HO-3 policy. However, not all home insurers offer HO-5 policies and not all homeowners will qualify for an HO-5 policy due to the more particular guidelines.
Adams discusses how an HO-5 policy could be beneficial for individuals with high-value items. She says, “It typically costs more and may not be offered by every insurer but could be worth it if you have many valuable possessions.”
With an HO-5 policy, your home and your personal items are both covered under an open perils policy, which means that it will protect you from anything not specifically excluded in your policy. Some common exclusions include:
Earth movement
Government actions or laws
Infestation of birds, rodents or insects
Intentional loss
Mechanical breakdown
Mold
Nuclear hazard
Pets
Vandalism if the property is vacant more than two months
War
Water damages from floods or sewer backup
Because an HO-5 policy is written on an open perils basis rather than on a named perils basis, it covers more circumstances and can make it easier to file a claim because you do not have to prove that a covered peril caused the damage.
Learn more: HO-5 insurance
HO–6
HO-6 insurance is specifically for condo owners. It covers everything inside your unit, as well as personal liability and additional living expenses. Condo policies also typically include some dwelling coverage, as condo owners may be responsible for the interior walls of their units. Because condo residents only own their unit, and not the whole building, the condo association typically has its own insurance policy that protects common areas, grounds and external parts of the building. Condo owners generally help pay for the association’s insurance in the form of condo or HOA fees.
HO-6 policies are named perils policies which generally protect coverage for:
Damage from aircrafts or vehicles
Damage from the weight of snow or ice
Damages caused by an electrical current
Explosions
Falling objects
Fire and lightning
Hail and windstorms
Pipes freezing
Riots
Smoke
Theft
Vandalism
Volcanic eruptions
Water damage from plumbing or HVAC overflow
Water heater damage
Learn more: HO-6 insurance
HO–7
An HO-7 insurance policy covers mobile or manufactured homes, including trailers, sectional homes, RVs and modular homes. This type of policy provides coverage for your home’s structure, your personal belongings, liability, additional living expenses and medical payments.
The exterior of your home is covered under an open perils policy, which covers any situation that is not explicitly stated in your insurance policy.
However, HO-7 policies cover your personal belongings under a named perils policy. That means your personal items are only covered under a specific list of circumstances, including:
Damage from aircrafts or vehicles
Explosions
Fire and lightning
Hail and windstorms
Riots
Smoke
Theft
Vandalism
HO–8
The last type of homeowners insurance is the HO-8 policy, which is likely ideal for homeowners who have older homes or homes that would be difficult to replace. This includes architecturally significant houses, historic landmark homes or homes built with materials and methods that are not common today. If it would cost more to repair your damaged home than its current value, an HO-8 policy may be a suitable option.
HO-8 policies include the standard coverage for dwelling, personal property, liability, additional living expenses and medical payments. Both your home’s structure and your personal property are covered under a named perils policy. This includes events such as:
Damage from aircraft or vehicles
Explosions
Fire and lightning
Hail and windstorms
Riots
Smoke
Theft
Vandalism
Volcanic eruption
Frequently asked questions
Bankrate’s insurance editorial team analyzed average rate data to identify some of the cheapest home insurance companies in the nation, but the best way to find the cheapest insurance carrier for you is likely to compare quotes from multiple carriers. Your home insurance premiums could vary depending on your coverage selections, risk factors in your area, deductible amount and more.
Homeowners insurance costs vary significantly based on your home’s characteristics, location, your coverage selections and more. However, the average cost of home insurance in the United States is $1,428 per year for $250,000 in dwelling coverage. You might get an idea of how much homeowners insurance costs in your area by researching rates, speaking with local homeowners and comparing quotes.
There are eight types of home insurance. They are classified as HO-1 through HO-8. Each category is designed for a different type of home with its own coverage types.
Whether your homeowners insurance is named peril or open peril depends on the policy you are purchasing and whether your insurance company offers that type of coverage. As a policyholder, you are generally not able to amend the policy terms, but you may be able to turn down specific coverage options in writing. As such, it may be beneficial to speak with a knowledgeable licensed agent in your area.
Home insurance is not legally required at the state or federal level, but it is likely a requirement from your financial institution if you have a mortgage loan or lien on your home. Even if you owe no money on your home, a homeowners insurance policy could still be useful in protecting your finances. In the event of a total or significant covered loss, you wouldn’t need to pay the full cost of repairs out-of-pocket.
Which type of home insurance you should buy depends on the type of home you have and the coverage you want. Many policy names are synonymous with the types of home they cover. For example, an HO-6 policy is also called condo insurance and an HO-4 policy is often called renters insurance. When it comes to single-family homes and townhouses, you may have a little more flexibility on your policy type. In these circumstances, considering your home’s age and features as well as what coverage types you want. Speaking with a licensed insurance agent may help you identify the best policy type for your home and insurance needs.
When Ange Matthews started her first full-time position as an associate recruiter in 2007, she earned $40,000. Graduating amid the Great Recession, “It was really hard to find a job,” says Matthews. After several months of searching, she accepted “the best option available.”
As she lived in her mom’s basement in New York City, Matthews did the math on how long it would take to get promoted and to pay her student loans at her current salary.
“I’d have to work here for 10 years just to get to $50,000,” she says, referring to the salary she could earn in her current role.
That’s when Matthews knew she had to do something different. She began investing in2008 and today is an investment coach based in Dallas. Here’s what Matthews is doing to build generational wealth for her children, family and community.
What inspired Matthews to start building generational wealth?
Matthews realized after finishing school that she needed a way to make more money, as well as a way to build personal finance and investing skills to grow her wealth.
Already working 60- to 70-hour weeks, a part-time gig on top of her full-time job was out of the question. She initially built a side hustle making and selling jewelry in New York City markets but ultimately wanted to harness the power of investing and compound interest.
Compound interest consists of both the money you earn on your savings or investment and the money those profits earn.In other words,says Matthews,“your money comes back with friends.”
To get started,Matthews created her first budget and set up an income-based repayment program for her student loans. At the time, the interest those student loans were charging was less than the average return of the S&P 500. So she saved money by making a reduced payment and then investing the savings.
Matthews also realized that she was comfortable living with a smaller emergency fund if it meant she could begin investing. Creating a plan for her money allowed Matthews to excitedly make progress toward her goals: reducing her educational debt slowly and investing in building wealth for her family. She eventually used the money made in her brokerage accounts toward the down payment on a home and the care of a parent.
Matthews encourages people to think about who they want to help and whether that help will come from salary, savings or investments. Assets with monetary value, from stocks and bonds to property, life insurance, and retirement accounts, can be passed down as generational wealth. Matthews calls generational wealth “100-year money,” or money that helps provide for your children, your children’s children or someone else important in your life.
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What’s the happy investor method?
It can feel challenging to start budgeting and investing, especially if you’re overwhelmed by the financial system or have experienced generational or financial trauma.
“When folks think about money, personal finance and financial empowerment, as well as investing, it gets really disempowering,” says Matthews.
One way to keep from feeling overwhelmed is to focus on what motivates you, Matthews says. Her happy investor method focuses on identifying money goals that spark your joy. She also suggests reframing those goals in terms of how you’re making a difference in your life and the life of your community. The desire to invest on behalf of someone you love in order to eventually pass down wealth can be a strong motivation to get started.
She emphasizes that the happy approach is not about cutting out that latte, living without joys or pleasures, or diminishing the quality of your life. Instead, she wants the process to be engaging and motivating, if not fun.
“The criteria for success isn’t necessarily to be a multimillionaire,” says Matthews. “We want to make sure we are who we hope to be on the other side” of a financial decision.
What kinds of strategies has Matthews used to create savings for her kids?
Turning those 100-year money goals into reality is especially important to Matthews now that she’s the parent of a 2-year-old and a 5-year-old. Her approach to investing for her kids is to invest passively through custodial investment accounts.
Passive investing
Passive investing involves purchasing securities that mirror stock market indexes and holding them long-term. Matthews places her money in index or exchange-traded funds that track the stock market. That way, says Matthews, “your money is growing with or without your day-to-day involvement.” Passive investing is a lower-maintenance and lower-risk strategy than active investing, which entails researching, buying and selling individual stocks to beat the market.
Custodial brokerage and retirement accounts
Matthews puts her passive investing approach into action by opening and funding custodial investment accounts for her children.
According to the U.S. Social Security Administration, “This Act allows donors to make gifts to minors that are free of tax burdens.” Meaning, adults may make tax-free contributions to a UGMA or UTMA account up to the IRS gift limit, or $17,000 in 2023. The money invested in these accounts may be withdrawn at any time without penalty.
Matthews intends for the funds in her children’s brokerage accounts to be used for life-changing experiences throughout their lives; the funds aren’t earmarked for retirement or education.
Custodial retirement accounts, such as a custodial IRA or custodial Roth IRA, are owned by a minor, but an adult manages the account and all its assets. If your child has earned income — say through babysitting, a retail job, or a lawn-mowing gig — a custodial retirement account is another option for building generational wealth, and it comes with specific tax advantages. For instance, contributions to a Roth IRA are made after taxes and grow tax-free.
Custodial accounts can be a good way to introduce kids to money concepts and help them start tracking how the market performs. To get her kids excited about investing, Matthews slightly departs from her passive investing strategy: She and her kids buy stock in toy, film, and consumer goods companies that her family uses and can relate to. It’s deliberate and sparks joy in all of them.
And above all, says Matthews, “We just really make it fun and light for them.”
It’s been a busy month for the launch of low-down payment mortgages…
It turns out Chase also has a 3% down offering, though it wasn’t widely publicized like the Wells Fargo yourFirst Mortgage was last week. And there might be a reason for that.
Chase Standard Agency 97% Program
The new loan product from Chase is known simply as the “Standard Agency 97%,” which doesn’t sound nearly as innovative as the Wells product, or quite as nifty as BofA’s Affordable Loan Solution.
But that could be the point here. Perhaps Chase doesn’t want to draw a lot of attention to the fact that they offer mortgages with just 3% down, unlike their competitors.
That would explain the lack of a press release. If we dig into the details a bit more, we find that the minimum FICO score on this program is 680, well above the 620 required for the other bank’s programs.
Clearly that makes it less attractive as a marketing piece, especially for first-time home buyers struggling in the credit score department.
Why go with Chase if you can go to a competitor and get approved with marginal credit? And why would Chase boast about a loan program that is more conservative than its rivals?
Chase’s program is based on Fannie’s 97% LTV offering, though it seems to come with overlays that make it less risky, such as that higher minimum credit score.
It appears the Chase program is also more stringent on mandatory borrower funds, with LTVs of 97% requiring the down payment to come from the borrower.
If the LTV is between 95% and 97%, the remainder of the down payment and other closing costs can come in the form of a gift.
For LTVs below 95%, the loan requires nothing from the borrower. That’s obviously pretty sweet but not as liberal as the Wells Fargo product, which allows down payment assistance at 3% down.
Chase Also Has the DreaMaker Mortgage
Before this quiet launch, Chase already touted the so-called “DreaMaker Mortgage,” which is a bit unfortunately-named (or perhaps capitalized) but allows for LTVs as high as 95%, with only 3% of your own funds required.
However, there are income limits tied to this loan, so it’s geared more toward low-to-moderate income borrowers.
It also boasts “reduced mortgage insurance requirements” and apparently has lower monthly mortgage payments than other related options, likely the FHA.
The DreaMaker Mortgage is available on 1-4 unit owner-occupied properties and it appears as if a fixed-rate mortgage is the only game in town.
This product seems to have been around for years now, but isn’t that noteworthy because the FHA’s 3.5% down program has also been kicking around for a long time as well.
Is the Risk Acceptable?
With all these new low-down payment programs comes a new, but familiar discussion about appropriate risk in the housing market.
While today’s 3% down mortgage is probably a lot more sound than the zero down mortgages offered before the most recent housing crisis, we still have reason to worry.
After all, a loan is only as good as it’s collateral, and if home prices take another drive for one reason or another, it may not matter if the loan was fully documented at origination.
Sure, it’s better than that earlier crop of loans seen in 2004-2007, but if borrowers feel they overpaid for their homes and have little to no skin in the game, what’s to keep them from walking?
Especially now that they know the group before them was essentially bailed out when things took a turn for the worse.
Could these 3% down loans be the next problem in the housing market? Time will tell, as it’s still pretty early, but I wouldn’t be surprised if they come back to bite us, especially as home prices keep surging higher.
Moving is stressful enough without causing an explosion. Setting a fire, losing your cherished memories, and poisoning yourself are all bound to ruin move-in day. With that in mind, here are nine things you should never put in a moving truck:
1. Photo Albums
Photo albums aren’t going to do any harm to the other items in your moving truck, but they’re at risk themselves during a move. Accidents happen in moving trucks, whether it’s something falling down, a box getting misplaced during unloading, or even (rarely) something dramatic like a fire. If you have any albums of particular significance, make sure they’re in the car with you when you move.
2. Pet Food
Let’s imagine a scenario – you get to your new place, and your puppy is ready for his evening meal. So you put him in his designated room, put down a bowl of water, and grab a bowl for food. But wait! Where is the dog food?
If it’s tucked somewhere amid the furniture and boxes, you’ll have no way to get it out for your pup. Set aside at least two to three servings of pet food, so you don’t risk having to scramble to find the kibbles.
3. Flammable Material
Fires can happen in moving trucks, particularly if there is any flammable material to get things going. This means no lighter fluid, alcohol, nail polish remover, or anything else labeled “Keep away from open flame” in the truck. If there were a spark, or the van got hot, these materials could have your stuff up in smoke before you even realized there was a problem.
4. Things That Go ‘Boom’
In the same vein, you cannot put anything combustible into a moving truck. For some items, like fireworks, this might be a little obvious – others, however, are easier to overlook. For example, you can’t have any aerosol cans in a moving van, whether they’re full of tile cleaner, cooking spray, or deodorant. Anything that can explode has no place in a moving truck.
5. Medications
This is one of those items that seems obvious, but is still worth stating, just in case – don’t put your meds in a box in your moving truck. Any prescriptions you take regularly will be a serious pain to try and find amid the many boxes. That’s assuming, of course, you don’t take any emergency meds: In that case, putting meds in the van could cause a life-threatening situation.
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6. Perishable Foods
Some foods can’t move with you, and that mainly includes any food that can’t survive outside of the fridge. If you put perishable items in your moving van, the odds are good they’ll have spoiled by the time you arrive. Best case scenario, you notice and throw them out – worst case, you give yourself food poisoning.
7. Fertilizers and Pesticides
Anything you’d describe as “poison” should be kept out of your moving van. Fertilizers and pesticides can leak chemicals into anything touching them, which is why you keep them far away from the rest of your stuff. That shouldn’t change when you move – find a safe way to transport them that doesn’t involve your moving van.
8. Important Paperwork
Never transport important documents in a moving truck. Too much can go wrong for this to be safe or wise. Keep your tax information, IDs, passports, health info, will – basically anything you can’t afford to lose or replace – with you, ideally from the moment they leave their proper place until the moment they’re returned.
9. Temperature-Sensitive Stuff
Are you a musician? If so, keep your instrument with you so you can make sure it doesn’t warp with the temperature changes in the van. The same goes for any item that can be affected by extreme heat or cold – moving vans aren’t exactly known for their temperature regulation, so your items will be at the mercy of the elements.
By Peter AndersonLeave a Comment – The content of this website often contains affiliate links and I may be compensated if you buy through those links (at no cost to you!). Learn more about how we make money. Last edited November 18, 2021.
Earlier this year I happened upon a new online brokerage called Betterment.com that was advertised as an easier way to invest for people who are either too busy to handle their own investments, too intimidated by other brokerages being too complicated, or who just wanted an easy hands off way to invest their money with no fuss.
How does Betterment work?
It marries the simplicity of an high yield savings account with what on average are the higher long term returns of investing in stocks and bonds. It is a simple account where you can add or withdraw funds to or from your linked bank account, and then tell Betterment your risk tolerance, and you’re done. Once you set your allocations Betterment will then invest money for you on a scheduled basis, re-allocating your funds when your allocations get out of whack.
It’s a simple investment account that will help people invest for the long term without a lot of hassle.
I Signed Up For Betterment
I really like the theory behind Betterment, and liked what they had to offer, and decided to jump in and give Betterment a try. In April I signed up for the site and began depositing money every month.
While my returns have been negative so far, that’s to be expected with the stock market showing a downward trend since April when I signed up.
When you are invested mainly in index funds, your returns will go down in the short term when the market is down. In the long term you should be ok.
Betterment Gets A New Look
So far I’ve been pretty happy with what Betterment has to offer, but this past month Betterment decided to make some changes to their look and feel and make things even better than before.
For now the changes are mainly just changes to the design with some subtle color changes, and a change to the site layout. The core functionality of the site has remained essentially the same.
So what you’ll get is a cleaner design for the site. While I think the changes look nice, they’re also being done in preparation for some other bigger changes that the Betterment team has coming. On the company’s blog, they mention that they’re getting the site ready for a variety of new features and tools that will be coming down the pipe in the coming weeks. Apparently they wouldn’t all work very well with the old design.
The new look is just the start of a plethora of new features we’ll soon be rolling out. In the coming weeks, we’ll be launching more tools to help you reach your goals. It’s all part of our dedication to providing a smarter, simpler, better way for busy people to invest.
So Betterment is continuously trying to get better, updating the design, adding new tools and features, and making Betterment a one stop shop.
What Investments Do You Get With Betterment?
So when you sign up with Betterment what kind of investments do you have available, and how does the investment process work? After you signup (get a $25 signup bonus here), There are only a couple of steps you’ll need to take. You’ll tell the site:
How much to invest.
How much of your investment you want in equities (Stock Market).
How much you want in Treasury bonds (TIPs).
After you set up your allocations Betterment will buy stocks in a variety of Index Fund ETFs so that you are diversified. Here is what you get on the stocks side:
10% SPDR Dow Jones Industrial Average ETF (DIA)
20% iShares S&P 500 Value Index ETF (IVE)
20% iShares S&P 1000 Value Index ETF (IWD)
15% iShares Russell 2000 Value Index ETF (IWN)
15% iShares Russell Midcap Value Index ETF (IWS)
20% Vanguard Total Stock Market ETF (VTI)
For Treasury bonds, you get
50% iShares Barclays 1-3 Year Treasury Bond Fund (SHY)
50% iShares Barclays TIPS Bond Fund (TIP).
So once you set your allocations you’ll get a nice diversified set of stocks and bonds to add to your portfolio.
Betterment Iphone App
With a lot of companies the Iphone app won’t be able to do as much as you’d like, it feels like an underpowered version of the main site. With Betterment, since their site is so simple to begin with – you can do just about everything you can on their site – on the app as well.
You can use a simple slider to change your asset allocation, add or withdraw funds, check your balances and account activity. It’s simple and effective.
Conclusion
I’ve been using Betterment.com for the past few months and it is what it says it is.
A simple way to invest and save for retirement. It’ll take your invested money, put it in index funds, and reallocate when necessary. You don’t have a lot of complicated things to worry about.
The new site changes should give the site an fresher look, and according to Betterment, prepare the site for some future enhancements and feature upgrades. I look forward to them.
Have you signed up for Betterment? Are there things holding you back? If you have signed up, how do you like it so far? Do you like the design changes?
If you have an aortic valve disorder like aortic stenosis (AS) or aortic insufficiency (AI), the condition is going to be an issue when you apply for life insurance. Insurance companies are very cautious about aortic valve disorders because of their potential to cause serious heart problems.
However, you still could get insured despite your condition. It depends on several factors including the seriousness of your condition. To get a better idea of what to expect, give our guide to insurance underwriting for aortic valve disorders a read.
Life Insurance Underwriting for Aortic Valve Disorders
During the application, you’re going to have to answer about a hundred different questions about your health. Some of those are going to be focused on your aortic valve disorder:
How long have you had an aortic valve disorder?
What type of disorder do you have (aortic stenosis, aortic sclerosis, or aortic insufficiency)?
Has your disorder led to any negative symptoms like chest pains, dizziness, heart palpitations, shortness of breath, or heart failure?
Have you had an echocardiogram or cardiac catheterization to check the seriousness of your condition?
Do you have any other additional risk factors?
What medications are you taking?
While there are no medications for an aortic valve disorder, your doctor could prescribe medications for your heart like: Thrombolytics, Beta blockers, Nitrates, and cholesterol medication like statins.
Be sure to answer every question on your application in complete detail. Underwriters will want to know everything they can about your aortic valve disorder to make sure there isn’t a serious problem. If your application appears incomplete, you could get rejected or pay higher rates.
Get Quotes for Life Insurance with Aortic Valve Disorders
The biggest factor for your rating will be the severity of your condition. If you have aortic stenosis, the insurance company will want to know by how much your aortic valve has narrowed as the narrower the valve, the higher the chance of heart problems. If you have insufficiency, the insurance company will want to know how much blood backflow there is in your valve.
Beyond the severity of your condition, there are plenty of other things the company is going to look at. They are going to look at your age, general health, activity levels, and much more. After they’ve gotten all the information, they are going to place you in a rate class. Each company is different, but here are the classes most companies have.
Preferred Plus: Impossible for someone with an aortic valve disorder. Even if your disorder isn’t causing any problems now, insurance companies will be too worried about future problems to give you this rating.
Preferred: Also impossible for someone with an aortic valve disorder. Insurance companies consider this condition too serious to give a discounted price on a policy.
Standard: Best possible rating for someone with an aortic valve disorder. Usually only given to applicants that are 60 or older because the real issue with valve disorders is they cause early heart problems. To get this rating with AS, your AS should be minimal meaning the peak gradient is ≤15mmHg. If you have AI, the blood backflow should only be mild. In addition, you must be in overall decent health and not have other heart problems.
Table Rating (substandard): This is where most applicants with the disorder get rated. Your rating will depend on how severe your condition is, your age, whether you have any other heart problems, and your overall health.
Declines: Applicants with severe AS (valve opening)
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Aortic Valve Disorder Insurance Case Studies
While an aortic valve disorder will make it harder to qualify for a policy, there are some ways you can get cheaper coverage. As a high-risk applicant, you need to do some work beforehand. To hammer this idea home, we will show you some stories of clients we’ve worked with.
Case Study: Male, 61 y/o, diagnosed with minimal aortic stenosis at 56, never caused any problems, overall in decent health
This applicant was in good health, it was surprising when he was diagnosed with minimal aortic stenosis at 61. He maintained his good health habits and the condition never developed into anything serious. After he applied, he got very bad rates.
While the applicant seemed fine, this isn’t enough for life insurance companies. We recommended he go for an echocardiogram to recheck his valve condition. The tests showed the AS was still minimal. This new information helped the applicant receive a Standard rating.
Case Study #2: Female, 59 y/o, diagnosed with mild AS at 56, used to be overweight and former smoker, taking statins for cholesterol
This applicant used to have an unhealthy lifestyle. She smoked, was overweight and had high cholesterol. When she was diagnosed with mild AS at 56, her doctor warned her that she needed to take better care of herself to avoid future heart trouble. She took this advice to heart and quit smoking, started taking statins regularly, and lost a lot of weight. All in all she was much healthier and this helped her AS from getting worse.
After she applied, her application was rejected. She was stunned. We told her the insurance company hasn’t seen enough of her changes. We suggested her go to her doctor and ask for a note which detailed her improved health and the improvements she made. After she did this, she was approved for a rated plan.
Getting Cheaper Life Insurance with Aortic Valve Disorders
As an applicant with a serious health condition like aortic valve disorder, you’re going to pay more for your plan. There is no ifs, ands, or buts, about it. Just because you’re going to pay more doesn’t mean you have to spend a fortune on your coverage.
Swedish death cleaning is the process of paring down your personal possessions in a thoughtful, intentional manner before your death, so your loved ones don’t have to. The term was popularized by the 2018 book “The Gentle Art of Swedish Death Cleaning,” written by Margareta Magnusson, and later by a reality TV show based on the book.
As Magnusson writes, “It does not necessarily have to do with your age or death, but often does.”
The idea behind Swedish death cleaning
Maybe you spring clean every year. Perhaps you’ve recently decluttered your basement before a garage sale.
This cleaning is different.
It’s a thorough accounting of every possession you own, one by one. Yes, this even means facing that one bin filled to the brim with family photos and the filing cabinet stuffed with paperwork dating back to 1992.
The goal stretches beyond tidying up. It requires challenging yourself to let go of many possessions, including those with strong emotional connections. This doesn’t always mean throwing them away or donating them — it could mean finding them new homes with family and friends.
Swedish death cleaning can have a transformative quality and often serves as a transition to a new chapter of life. It might accompany downsizing homes or the death of a spouse. It’s also unavoidable. Death cleaning is a fate that awaits everyone’s belongings, according to Magnusson.
So, the choice you face is not whether death cleaning makes sense for you — it’s whether you’ll choose to face this inevitable task when you’re in a position of control, under a timeline and conditions of your choosing, or whether the job will be foisted upon your loved ones after you die. Either way, it’s coming.
If you delay, you might be forced into rushing through it. You may not have the energy to go through your things in the manner you’d prefer. And, if you delay too long, you risk having others making decisions about your things for you.
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Benefits of Swedish death cleaning
Swedish death cleaning is likely to be difficult. It will probably take a lot of time. Encountering a lifetime of memories, good and bad, can be emotionally draining. Saying goodbye to some long-held objects that embody these memories is hard.
So why do it? Magnusson cites many reasons:
It can be liberating. Simplifying your life can bring a feeling of freedom to focus on something new.
You can avoid burdening others with the task. Death cleaning can be even more burdensome if you wait until the end of your life. And if you outright refuse to do it, you are essentially forcing your family and friends into eventually doing the same job for you. If you don’t want to organize your own things, why do you think they would want to?
It’s an opportunity to reflect. Though difficult, you’ll likely rediscover memories you have long forgotten. This can be a positive experience.
It can spark important end-of-life conversations with friends and family. These are conversations that they or you might otherwise avoid.
You can pass along helpful or important items. Giving a beloved object to a friend or family member can be a chance to recognize the importance of a relationship or pass on a family story or tradition. Something practical, like furniture or kitchenware, might have outgrown its use to you, but could be extremely helpful to someone just starting out.
Cleaning and estate planning
In practical terms, letting survivors sort through your belongings after you die can also make it more time-consuming to settle your estate. Even if you trim down your possessions now, you’ll still have things that require sorting through after your death. That’s where estate planning comes in. While the book doesn’t discuss the details of formal estate planning, it’s a logical extension of the philosophy behind Swedish death cleaning.
Suppose you have a will and appoint an executor, who is responsible for settling your estate. That person is generally tasked with selling your property, if you have any, which would likely require getting your house cleaned and belongings appraised. That could take months or even years if your home is filled with decades’ worth of items, and the cost of doing so would generally come out of your estate. Aside from being emotionally burdensome for survivors, the effort could also be a drain on your estate, and your heirs could be left with fewer assets, which might take them years to access.
Slimming down your possessions now and making your wishes clear for what remains can streamline this process.
How to start
Begin with the typical storage areas — basements and attics, for example. There’s a good chance you’ll find hastily stashed things that will be easy to part with. Culling clothes and furniture are other ways to make quick, visible progress.
Ask friends and family to assist. In addition to helping you go through boxes, they might discover things they’d gladly take off your hands.
Attach notes to objects or make piles as you go. This way, you can easily remember where it goes — to someone else, to a donation center, to a yard sale, etc.
Save the most emotional things for last. Be patient with yourself.
Cleaning and your finances
Swedish death cleaning is an all-encompassing endeavor, which means at some point you’ll need to review your finances. Magnusson says this can include tasks like writing a will or making a plan for usernames and passwords to your important digital accounts.
Organizing finances can be the most challenging part of the cleaning process — but it might be the part that will aid your executor and heirs the most. Here’s how to get started.
The landlord-renter relationship can be tricky: you’re both taking a risk when a lease is signed. And that document makes each person dependent on the other.
Landlords are taking a financial risk. If a tenant causes damage, stops paying rent, or any apartment-related issues become litigious, they could be out thousands of dollars or more.
The renter depends greatly on the landlord as well. Uncomfortable, dangerous, dirty, or otherwise unlivable spaces can cause a lot of stress. Not to mention, landlord disputes and evictions can put renters out of a place to live altogether.
For these reasons, it’s very important – even crucial – to foster a good relationship with your landlord as soon as possible. While a bad situation can be traumatic for both parties involved, the opposite is also true. A positive relationship with your landlord will keep both of you sane, safe, and happy.
Check out these eight guidelines to help you get along with your landlord or manager. (And remember, your manager is just a regular person, just like you).
1. Be Honest
It’s almost impossible to get along with your landlord after starting off on the wrong foot, so start making an effort to build a good relationship on day one.
Little fibs, like hiding Fido or having an extra roommate, can create instant distrust and tension if (and when) your landlord finds out. From the day you sign the lease and step into the apartment, make sure you’re being completely honest.
2. Pay Your Rent
There is nothing worse for the landlord-renter relationship than a tenant who doesn’t pay rent on time or in full. Even if they give you a 2-5 day cushion before the rent is officially deemed late, it’s better to get it in early or on time.
Rent issues don’t just affect the landlord or your relationship, though. If you pay late often enough, your credit will take a hit, and your landlord will likely mention it if called for a reference in the future. If you don’t think you’ll be able to pay rent on time, get in touch with your landlord right away, and make sure not to let it happen again.
3. Say Hi
If your landlord is actually the guy who lives down the hall, make sure you say hello when passing in the lobby or laundry room.
Being friendly and likable will build trust, and it will also make your landlord more likely to give you some leeway or quick maintenance help if problems arise down the road.
4. Mind Your Lease
Respect the rules they’ve taken the time to lay out in the lease. Remember: The lease is there to protect both of you, and violating it will could create both a personal and legal issue.
If you signed on the dotted line and promised you wouldn’t paint the walls, bring home an adopted puppy, or sublet the place without permission, then don’t do so without asking first. Make sure you treat their property with care and respect.
5. Ask For Help
Make sure to notify your landlord as soon as possible with any maintenance requests or damage reports. The only way they’ll know about issues is if you tell them, and they’ll likely want to take care of anything as quickly as possible.
They want the apartment to be in good working order for you, but maintenance issues that go unfixed for a long time could actually become more expensive for them down the line.
6. Mind Your Attitude
After asking for help, remember to be patient if they don’t respond right away. Many landlords have other full-time jobs or properties that keep them busy, so as long as your landlord is normally dependable, it’s unlikely they’re ignoring or disregarding your needs.
Keep second and third notices polite, even if the tone becomes more adamant. If your landlord has shown a pattern of ignoring requests, it could legally be termed neglect, depending on the repairs needed.
7. Get Everything in Writing (or e-mail)
Since both of you are taking risks and depending on each other, try to put every apartment-related conversation and request into writing.
Correspond by email rather than on the phone or in person. This will protect both of you and hopefully make the relationship a little less stressful overall.
8. Know Your Rights
While there are many things you can do to promote a positive relationship with your landlord, you aren’t the only person responsible if something goes wrong. All 50 states and many cities have legislation in place to protect tenants from discrimination, negligence and other issues that could potentially come up when renting an apartment.
Know your rights when you enter into a contract with your landlord so that you’re fully prepared just in case.
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You are here because you want to vent, so you searched “I hate my job.”
We all have that one job we hate. We might work at a place where the boss is mean, the workloads are too heavy, or maybe there’s been an issue with company culture for some time now and no amount of persuasion has worked to fix it.
If you’re reading this article right now, then you likely know exactly what I’m talking about; something just doesn’t feel as if it’s clicking anymore. The hours and days drag on trying to find your spark again and you’re just not getting anywhere.
You hate your job.
This is why it’s important to ask yourself if a career change might be the answer, or at least offer some insight into whether or not your job is worth keeping.
You hate answering the question, “what do you do for a living?”
While this may seem like an easy or daunting task, there are a few things that should help you figure out if the time has come for a change.
Are you at that moment that marked the end of any hope you may have to continue to work the job you have?
Is it normal to absolutely hate your job?
No, it’s not normal to absolutely hate your job.
Most people experience some level of dissatisfaction or unhappiness at some point in their careers.
What do you do when you hate your job but can’t quit?
You need to find a way to make this job work for you.
While it may be difficult to focus on anything other than how much you dislike your job, there are ways to make the job work for you and improve your situation.
Most importantly, you may need to adjust your expectations or find a way to deal with the negative aspects of the job.
If this is not possible or if it is not feasible, then it might be best to look for another job or transfer to a new boss.
How do you deal if you hate your job?
If you hate your job, it can be difficult to deal with. You may feel like you can’t escape or that your situation is hopeless.
However, there are things that you can do to cope and make the best of the situation:
You may find it helpful to talk to friends or family about what’s going on and see if they have any advice.
You can also try looking for other jobs or exploring options for transferring or quitting your job.
If all else fails, consider seeking professional help.
There are many ways to cope when you hate your job, and each person will react differently depending on their individual circumstances and personalities. However, most people find some way to get through tough times by proactively taking steps to find joy in their job.
How long should I stay in a job I hate?
Well, the answer depends on what your situation is and your personal options.
Staying in a job you hate pays the bills, but probably doesn’t help in the work-happiness balance.
You have probably run through all of the good excuses to miss work.
Below, you will find tips on how to cope, but more importantly, steps to change your situation for the better.
I Hate My Job – How You are Feeling in That Place
This is a difficult situation to be in.
You feel like you should love your career! You spent money on a college education, maybe this job is a transition for you, or possibly you took the job everyone expected from you.
Regardless of how you got here, you need to look for the right role and work environment for you going forward. Life stratification means something, right?
1. You’re Suffering from Workplace Burnout & It is a Problem
Workplace burnout is a condition in which an individual has reached the end of their rope. They’re no longer able to take the stress and demands of their job and are overwhelmed.
How You Feel: Workplace burnout can happen to anyone, but it’s particularly common among employees who are stressed out by demanding deadlines or unrealistic expectations from their boss. When you reach this point where you are no longer able to cope with the stress at work, you may experience symptoms such as mood swings, fatigue, and decreased productivity.
What to Do: If you feel like you’re struggling to keep up with your job and you’re starting to suffer from workplace burnout, there are some steps that you can take to get back on track. First, talk to your boss about what’s going on – explain that you feel overwhelmed by the demands of your position and ask for help adjusting your workload. If that doesn’t work, consider looking for another job – even if it means taking a pay cut in the short term.
Workplace burnout is a condition that can be debilitating, so don’t wait until it’s too late before trying anything else!
2. Your Work Is Overlooked and Undervalued
When people feel like their work is overlooked or undervalued, it can lead to a number of negative emotions. These emotions can include frustration, anger, and sadness. You want to hear “I appreciate you or get a letter.”
How You Feel: You feel like your work isn’t given the credit it deserves. This might be because the job is boring or mundane, or because you feel the work isn’t appreciated by others in the workplace. When this happens, it’s easy for these feelings to simmer down and fester.
What to Do: If you’re feeling frustrated at your job and don’t know what to do about it, consider talking to your boss. Discussing your concerns might help them see how important your work is and spark some ideas for how you could improve it. Additionally, contacting professional organizations that focus on career development can give you advice on where to go from here.
3. You’ve Been Stagnant for Some Time & Not Given Growth Opportunities
When you’ve been stagnant, you’re not moving forward or improving in any way – especially if you haven’t been offered a promotion. This could mean you’re stuck in a job you don’t like, haven’t taken any steps to improve your skills, or just aren’t making any real progress climbing the corporate ladder.
How You Feel: Stagnation can be frustrating and discouraging especially if you have been a loyal employee for a while. You are tired of being looked over for that promotion by a work colleague. You are wondering if you should dust off that resume and start drafting cover letters for a new job.
What to Do: There are many proactive things to do on your own when you feel stuck.
Take stock of where you are right now. Sit down and make a list of all the accomplishments and successes that are linked to your current job. What does this say about how satisfied you are with your position?
Evaluate what kind of skills you need to advance in your career. Do some research online or attend relevant training courses offered by your company or industry association.
Think about what kinds of changes would make the biggest impact on both you and your company/organization that employs you. Are there new technologies available that could help streamline operations? Could new policies be put into place that would benefit the organization as a whole?
Be proactive. Start reaching out to other professionals within your field and see if there’s anything you can learn from them. Networking is one of the best ways to grow your career, and it won’t take much effort on your part.
Be patient. Things may not change overnight, but over time they will improve. Don’t get discouraged; stay positive and continue working hard towards your goals.
4. Your Workplace Is Toxic or Hostile
A workplace is considered toxic or hostile when employees feel uncomfortable, unsupported, or threatened. This can lead to decreased productivity and morale, which in turn can result in negative impacts on the business.
In fact, the toxic culture is driving the Great Resignation we are seeing right now (source).
How You Feel: When you don’t feel like you can open up about your concerns, it creates an environment of mistrust, tension, and poor communication between all of the employees and your managers. This type of environment is difficult to overcome, and will eventually lead to burnout.
What to Do: The best way to avoid a toxic workplace is by creating a culture of transparency and trust. By airing out any problems early on, you give yourself the opportunity to work together harmoniously towards common goals instead of against each other.
5. Be Careful About What You Say and to Whom
Be careful what you say to whomever you talk to online and in-person, as your words could potentially be taken out of context and used against you.
How You Feel: It can be tempting to share your frustrations with your job with friends or family. But before you do, make sure that they’re comfortable talking about work too. If they’re not comfortable discussing their jobs openly, it may not be the best idea to bring up yours either. And if someone does overhear you speaking negatively about your job, don’t worry – they probably won’t repeat what you said!
What to Do: When you talk to people, be careful about what you say and to whom. It’s important not to offend anyone, especially not your boss. You never know who might be listening in on your conversation – or recording it!
6. Take a break
Sometimes it’s tough to keep going when you’re feeling down about your job. But sometimes it’s important to take a break and focus on other things in life.
How You Feel: You feel like you are grinding and going in a million different directions. As soon as you feel like you get ahead, something knocks you down and you feel like you need to start over.
What to Do: Taking a break can be helpful in many ways. It can help you clear your head, refocus on your goals and come back with a new perspective.
Sometimes all we need is some time away from our job to get back on track.
If taking time off isn’t an option or you don’t think it will help, there are other things you can do to improve your situation once you feel a little more refreshed. Thus, why adult coloring books have become so popular.
7. Miserable in the Work Building
You want to feel happier and more productive at work, but that may happen by taking steps at home and with your family.
How You Feel: When you’re feeling miserable at work, it’s harder to focus on your job and perform at your best. You are counting down the seconds until your shift is over.
What to Do: Taking steps to improve your well-being outside of work can help you feel happier and more productive. This includes things like exercising, eating a healthy diet, getting enough sleep, etc. By improving one aspect of your life, you’ll be better equipped to handle stress in the workplace and achieve success.
8. Your Projects are Underappreciated
Many people believe that their work is just a necessary evil, something that they have to do in order to get by. But the truth is, your work is incredibly important – it’s what allows us to live our lives. Without a job, we would be unable to pay our bills or afford food.
How You Feel: According to a recent study, almost three-fourths of employees feel their job isn’t very important and receives little recognition from their employers. This is difficult when you pour your heart and soul into an assigned project at work.
What to Do: If you’re unhappy with your current situation and don’t think your work is receiving the recognition it deserves, there are probably some things you can do about it. Start by talking to your boss about what you’d like to see change – maybe there’s room for improvement in how your department is managed or prioritized. And finally, make sure you’re giving your best effort every day – if you’re putting in the extra effort but still aren’t satisfied with your career path, it might be time for a change.
9. Your Talents are Wasted and the Effects are Feeling Undervalued
When you feel like your skills and talents are not being appreciated or utilized to their fullest potential, this can lead to feelings of depression, stress, and burnout. Oftentimes, these negative emotions are compounded when we don’t have a clear idea of what we want in life.
How You Feel: Chronic undervaluedness can have serious consequences on our mental health. It can lead to feelings of low self-esteem and insecurity, which in turn can lead to problems such as depression and anxiety. Furthermore, undervalued employees are less likely to pursue career opportunities that may be better suited for them. This leaves businesses struggling to find qualified candidates and increases the chances that they’ll need to recruit externally in the future.
What to Do: The good news is that it’s possible to overcome feeling undervalued by focusing on celebrating yourself. In fact, I recently finished this book and realized I contribute to putting myself down more than others around me. Start by taking awareness of negative thoughts and make a swift change to change them to the positive.
10. There Has Been an Uncomfortable Change in Leadership
This tends to lead to the most job-hopping because of an uncomfortable change in leadership, which can lead to a number of different emotions.
How You Feel: More likely, you feel one of the most common reactions of sadness, confusion, and anger. When a leader is replaced or leaves a position of power, it can be confusing for the people who work under them. This can lead to feelings of sadness and loss, as well as confusion about what’s going on. You may also become angry because they feel like your position is threatened.
What to Do: It’s important for leaders to communicate with their employees about the changes so that everyone understands what’s happening and feels comfortable using the new leadership structure. This will help reduce the amount of confusion and chaos at work, which will ultimately improve morale. If this doesn’t happen, then try to sit down with your new and old boss for a discussion.
11. Your Values No Longer Align
This can happen when new management comes into the work environment or a personal shift in life notification for you. When your values no longer align with those of the job, it can be difficult to stay motivated.
How You Feel: When you first accepted the job offer, everything felt right. You were excited about the challenge and the new opportunities that this new position would bring. However, after a few months, you start to notice some discrepancies between your values and what is required of you in your current role.
For example, you may not feel comfortable using profanity at work or participating in unethical behavior. In fact, you may even feel morally opposed to these behaviors.
What to Do: If your values are no longer aligned with those of the job, it can be hard to stay at the job because you no longer see any value in what you’re doing. This can lead to feelings of frustration and dissatisfaction.
Additionally, consider job-hopping and start scheduling interviews for another job that better aligns with who you are as a person and what matters most to you. When you find a job that you love and feel passionate about, it will be much easier to stay motivated and happy in your work environment.
12. Your Confidence Is Dwindling
It is deflating when work is off sync and nothing seems to be working out how your hopes. You know their adjustments to be made, but you aren’t sure where to start
How You Feel: When you’re feeling down about your job, it can be hard to believe that anything could make things better. But the truth is, there are plenty of ways to get through a tough time.
What to Do: Here are four ways to boost your confidence and start thinking positively again:
Talk to someone you trust. Talking out your problems with someone who will listen without judgment can help you feel more relieved and less stressed.
Take some time for yourself. Whether that means taking a walk outside or indulging in a favorite hobby, spending time alone can help relax your mind and body and clear your head.
Set goals for yourself and work towards them one step at a time. When you have something concrete to aim for, it becomes much easier to stay motivated during challenging times.
Believe in yourself! Even if the world seems like it’s against you right now, remember that everything will eventually work out as long as you keep fighting for what’s important to you.”
13. I Really Hate My Job & Think It Is Time for a Job Search
There are a few different ways to quit your job and make the switch to a new career. You can search for job openings online, contact your local employment agency, or speak with an advisor at a career center.
How You Feel: Quitting your job is not always easy, but it’s worth it if you’re unhappy with the situation. There are many benefits to quitting your job, including increased income (yes, a raise!) and more time for yourself.
What to Do: Searching online is the fastest way to find jobs that match your skills and interests, but be sure to read all of the applicable links before applying. If you’re looking for advice on how to quit your job without ruining relationships or getting fired, speak with an advisor at a career center. They can provide guidance on how best to proceed and minimize potential damage.
15. When you Hate Workplace – Don’t Burn Bridges
Burning bridges can have serious consequences, both for yourself and your career. By staying neutral in confrontations, you may be able to salvage your reputation and future relationships.
How You Feel: When disagreements arise at work, it’s important not to take the bait and lash out. Doing so could lead to long-term damage that could complicate your job situation and future career prospects.
What to Do: Instead, try to remain calm and diplomatic – this will show that you have good judgment and aren’t easily provoked. If you need to speak up, do it constructively and with the goal of resolving the issue rather than hurting someone’s feelings or damaging their relationship.
16. Your interests & skillsets have changed
If you’ve been working at your job for a while and it’s not fulfilling you anymore, it might be time to consider a change. Maybe you have been learning a new skill set that you find more interesting.
How You Feel: Your interests may have changed since you first started working, or you may have outgrown your current position. It’s important to remember that there are plenty of other opportunities out there – even if they don’t involve a nine-to-five schedule.
What to Do: When we’re unhappy with our work, it can be tough to discuss the situation with our boss or coworkers. But if we’re not happy, they’ll eventually notice and it’ll create an uncomfortable work environment. Change can be difficult at first, but it can lead to greater satisfaction in the long run.
17. Know It’s Not Just You
There’s a lot of talk about the recession and how it’s affecting everyone, but what about the people who are just trying to survive? This is a common struggle people are facing at work.
How You Feel: Work can be challenging, especially during tough economic times. Many people are feeling stressed out and depressed at their jobs, and there doesn’t seem to be an end in sight.
What to Do: However, there are ways to cope with the stress and difficulties of work. You need to learn strategies to balance the work-life situation. Talking to friends or a trusted professional will help you get back on track.
I hate my Career – Ways to Cope
Everyone hates their jobs sometimes.
This is especially true when you are stuck in a career that doesn’t serve your values and goals, or one with very high-stress levels. If this sounds like the case for you, then it is time to evaluate your next move.
However, many people are reluctant to make such changes because of the risk involved and uncertainty about what comes next.
It is important to be aware of what is driving your internal hatred about your job, your boss, or your situation.
1. Assess Your Situation & the Industry
If you’re feeling depressed or lost in your career, it’s important to take some time to assess where you are and where you want to be. This is a process of looking at your current situation and making a plan for how to get there.
Are you unhappy with your current job because it is not fulfilling, or are you just bored?
Perhaps the work environment is too stressful for you to handle?
Do you believe you should be making more money?
The first step in coping with a negative career outlook is taking the time to reflect on where you are right now. You can use this assessment to figure out what needs to change in order to improve your situation. Once you have a good idea of what needs improvement, it’s easier to make the changes that will get you closer to your goals.
Also, look at the overall industry trends to you see industry-wide trends affecting job quality and life satisfaction. More often than not, it might be others in your field feeling the same.
2. Have the Tough Conversations
Tough conversations can be difficult, but they’re essential if you want to improve yourself and your career. Every time you have a tough conversation with yourself or someone else in your work life, you’ll learn something new and make progress.
There are three types of tough conversations you need to have:
The “What If” Conversation – This is the conversation where you ask yourself what would happen if X happened. This helps you prepare for possible challenges and makes sure that everything is in order before taking action.
The “Doing Better” Conversation – This is the conversation where you commit to doing better next time, regardless of the results so far.
The “I’m Sorry” Conversation – This is the conversation where you apologize for how things turned out and vow to do better next time.
Tough conversations are not easy, but they are essential if you want to achieve your career goals. Be brave enough to have them and take advantage of all that they can offer!
3. Switch Your Perspective
If you’re feeling down about your career, take a step back and think about how you can see it from a different perspective.
When we’re upset or unhappy with something in our life, it’s easy to focus on the negative aspects. However, by switching our perspective, we can start to see the situation in a new light.
For example, if you hate your job but don’t want to change careers, try thinking about how you could see it as an opportunity for growth. Instead of focusing on what you don’t like about your job, consider all the ways you’ve learned and grown since starting work there.
We all have moments when things don’t go our way – by changing our perspective, we can start to feel better even when things are tough. In fact, this is why we stress mindset is everything.
4. Vent About It
When people feel frustrated or overwhelmed with their job, they may want to share their feelings with others. This behavior is often referred to as “venting.”
Venting can be helpful in relieving stress and tension. It can also help people process their thoughts and emotions, which can lead to positive changes in their lives.
Many people use social media to vent about their career frustrations. This is especially common among millennials, who are more likely than any other generation to use social media platforms for self-expression. One of the benefits of using social media for venting is that it allows you to connect with like-minded individuals who understand your situation. This network of support can be incredibly helpful in overcoming challenges in your career path.
5. Get Your Finances in Order
When you’re feeling down about your career, it can be tempting to think that you have no other choice but to continue to work at a job you hate. However, by getting your finances in order you can start to feel more optimistic about your future.
Especially for those in the, I don’t want to work anymore boat, this is the time to start saving money to invest for your future self.
Setting money aside will provide a cushion if you choose to leave your job unexpectedly or breathing room when changing jobs.
This is something we personally did when my husband wanted to change jobs due to being overlooked for promotion after promotion.
6. Do Your Best Work
Doing your best work means putting your all into whatever you’re doing. It means giving it your all, no matter what the task or situation. This may be hard, but it is essential!
When you do your best work, you put in the effort and energy that’s necessary to be successful.
You don’t half-ass things because you’re worried about how people will think of you. You go all out and give it 110%, no matter what. And that goes for everything in life – from your career to relationships to anything else that matters to you.
There are a lot of times when we don’t feel like doing our best work because we’re doubtful or scared. But if we keep pushing through those tough times, eventually we’ll reach a point where doing our best work becomes second nature. And then success will follow naturally as a result!
So don’t wait – start doing your best work today and see the amazing results for yourself!
7. Brainstorm Your Dream Job
Brainstorming your dream job is a great way to get inspired and motivated. It can also help you identify skills and interests that you may not have known you had.
When brainstorming your dream job, it’s important to be open-minded and think about any career possibilities that interest you. This could include fields that are completely new to you or areas of your current job that you don’t enjoy as much.
Once you’ve come up with a few ideas, it’s time to start thinking about what qualifications would be necessary for the job. Do some research into the specific requirements of the position and see if any of your skills or interests align with those requirements.
By brainstorming your dream job and taking these steps, you’ll be on your way to finding the perfect career fit and a happy you!
8. Start Making Connections & Build Relationships
Making connections is a key part of coping with a negative career situation. It can help you find comfort in the fact that you’re not alone and connect with people who have gone through similar experiences.
When things are tough, it’s often easy to feel like you’re all alone in your struggles. But by making connections with other people who are going through the same thing, you can start to feel less isolated and more supported. You’ll also be able to share your experiences and learn from others, which can help you overcome obstacles faster.
There are many ways to make connections online – through social media platforms, online communities like Reddit, or even just talking to friends or family members face-to-face. The important thing is to find an outlet that feels comfortable for you and allows you to express yourself freely.
Also, this avenue may lead to a new job opportunity for you.
9. Develop Other Sources of Income
Around here at Money Bliss, we stress the importance of having multiple streams of income.
While your 9-5 may pay your bills, you need to investigate other types of income to really improve your financial situation.
This can be done in a few ways:
Finding new (or returning) employment or 2nd job.
Starting a business.
Freelancing.
Make money with a gig economy job.
Each option has its own benefits and drawbacks, so it’s important to weigh them all carefully before making a decision.
When considering other forms of income, it’s important to keep in mind the following factors: how much time you have available, what you’re willing to sacrifice (including your free time), your skills and experience, and the marketability of your skill set.
I Hate my Boss – Resign With More Class
If you’re unhappy with your job, there’s no need to stay in a situation that is causing you distress. You can resign with class and maintain the respect of your coworkers and boss. Here are some tips on how to do it:
1. Address Your Issues Clearly
When you decide to leave, be clear about why you’re leaving and what your plans are for the future. It’ll help everyone involved understand the reasons behind your decision and avoid any misunderstandings or hurt feelings.
2. Be Polite When You Resign
Don’t make a scene or give anyone the impression that they were wronged in any way. Simply express your appreciation for all they’ve done for you over the past few months or years, thank them for their time, and let them know that you wish them all the best in future endeavors.
3. Most Importantly – Keep Your Work Adjustment Quiet
Your personal life doesn’t have to intersect with work-related decisions until after everything has been finalized – don’t announce your resignation at work or start bargaining terms before actually deciding if it’s what you want to do!
4. Make Sure You Have The Right Legal Documents At Hand
You’ll need documentation confirming your employment status, your dates of employment, and the terms of your separation. Make copies for yourself and store them in a safe place – you may need to refer to them during the negotiating process.
5. Give Yourself Time To Adjust to a Happier Well-Being
Don’t expect everything to fall into place overnight; give yourself plenty of time (perhaps several weeks or even months) to adjust before getting back into the workforce. During this time, it can be helpful to take some time away from work altogether, focus on relaxation techniques like yoga or meditation, or read about career options that interest you.
Which Step Are You Going to Focus on When you Hate Working?
In this article, we discussed some common struggles that people face at work and offer some advice on how to cope. We hope that by sharing our knowledge and experience, you’ll find relief or guidance in dealing with your own job problems.
There are many reasons for workplace unhappiness and changing careers may or may not be the solution to your issues.
When looking for another position, keep in mind that employers are always searching for talented individuals who will fit into their team and contribute positively.
Finally, don’t forget… Talking about your struggles openly can help ease them and give you some ideas for solutions.
Just keep moving forward and don’t give up on your dreams!
Do Your Job With Less Stress Job Ideas:
Maybe it is time for a shift change and moves to one of these careers.
Know someone else that needs this, too? Then, please share!!
Another top mortgage lender has suspended foreclosures amid “deficiencies” in its processes.
HSBC revealed in its Annual report that it was one of seven major banks under review by the Office of the Comptroller of the Currency (OCC) for mishandling of homeowner evictions.
“Following the examination, our examiners issued supervisory letters noting certain deficiencies in our processing, preparation and signing of affidavits and other documents supporting foreclosures, and in the governance of and resources devoted to our foreclosure processes, including the evaluation and monitoring of third party law firms retained to effect our foreclosures,” the company said in the report.
“Certain other processes were deemed adequate. Management is reviewing foreclosures where judgement has not yet been entered and will correct deficient documentation and re-file affidavits where necessary.”
Until then, foreclosures are on hold and the company is currently in talks with the Federal Reserve Board and the OCC regarding the terms of consent cease and desist orders.
The bank expects the consent orders to be finalized soon, but noted that the impact of the freeze has the potential to raise operational costs, while heightening “reputational” and legal risk.
HSBC may also be subject to fines and civil money penalties associated with the foreclosure missteps.
The company also revealed that mortgage lending in the U.S. fell by 17 percent to $51 billion last year, while mortgage lending in the UK increased seven percent to $104 billion.
Mortgage lending balances in HSBC Bank USA remained mainly unchanged at $16 billion, as the company continued to sell the majority of new loan originations on the secondary market.
As of December 31, 2010, approximately 32 percent of the HSBC Bank USA mortgage portfolio consisted of fixed mortgages and 77 percent were first lien (non-second mortgages).
HSBC shut both its HFC and Beneficial units back in 2009, resulting in thousands of layoffs.