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40 Entrepreneurs Who Are Writing Books This Year, and When You Can Read Them

Straight from my research to your nightstand, the best business and professional development books coming in 2021.

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Straight from my research to your nightstand, the best business and professional development books coming in 2021.

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February 9, 2021 15+ min read

Opinions expressed by Entrepreneur contributors are their own.

When I started putting this list together, I Googled “entrepreneurs writing books in 2021″ and found… nothing. So, I took to my network and began Instagram messaging, LinkedIn posting, Facebook posting and stalking… and voila! The 40 humans who came to the surface to share their work within five days.

What did I learn? Don’t keep your marketing a secret, friends. Blast your message to the world. Use SEO — make sure your business appears on Google searches. Don’t make your customers hunt you. Don’t make writers hunt you, either! (Cough, Cough.)

I also learned many people my team and I reached out to were very slow to respond. As I like to say, “The universe waits for no slow human.” I advise you to be ready for wonderful opportunities every single day. Have a press kit ready, hire a virtual assistant to operate your inboxes and be prepared for miracles.

Now, onto the show. In no particular order, here are 40 entrepreneurs, what they’re writing, what they’re writing about and when you can get it.

1. Cal Newport, Georgetown professor and author

  • The book: A World Without Email

  • What it is: A new bold vision for liberating workers from the tyranny of the inbox — and unleashing a new era of productivity.

  • When it’s out: You can read it in the woods, without your devices, on March 2, 2021.

2. Erica Johnson, media agency owner

  • The book: Content Secrets: Attract, Engage and Convert with Social Media

  • What it is: Erica Johnson, founder of E-Partners Marketing and host of The Content Cure.co podcast, shares her secrets to help entrepreneurs achieve real goals with social media, blogging and video marketing. She’s talking way beyond likes and follows.

  • When it’s out: Begin using content like a queen or king in spring of 2021.

3. Dr. Laura Ellick, licensed psychologist

  • The book: Survival Guide For Women In Gaslighting Relationships

  • What it is: This book is about practical strategies for getting beyond the hurt, anger and betrayal without becoming paranoid and bitter.

  • When it’s out: Dr. Ellick is coming to save you by the end of 2021!

4. Dr. Chris Lee, coach and podcast host

  • The book: The 1% Daily Shift

  • What it is: Dr. Chris Lee, founder of the Healthy Mind F*ck podcast, will be exploring the “When I get there…” phenomenon and address how to rewire your brain from drama and trauma and into the true love of the moment, right where you are. For entrepreneurs who are deeply goal focused, this is a must-read. If you’re obsessed with improvement Dr. Lee shows us how to make micro-improvements to avoid burnout.

  • When it’s out: You’ll have this one on your bookshelf by Winter of 2021.

5. Chuck McDowell, president and CEO of Wesley Financial Group

  • The book: Touch the Line

  • What it is: From business owner Chuck McDowell comes the book that will make you stop in your tracks and ask, “Am I doing the best I possibly can?” Touch the line is a concept that McDowell learned in sports: When he saw another player not fully touch the line in sprints, he knew he had an advantage. McDowell took that advantage and dominated the business world. This book will transform your mindset and detail orientation by encouraging you to touch every line.

  • When it’s out: You’ll be sprinting with McDowell by summer of 2021.

6. Sharran Srivatsaa, CEO of Kingston Lane

  • The book: UnderDog: How Ordinary People Build Extraordinary Companies

  • What it is: From a master serial entrepreneur comes a playbook on managing your internal dialogue, emotions and routines, creating structure and balance so you can truly amplify all areas of your life.

  • When it’s out: This new playbook will be your new best friend by fall of 2021.

7. Tracy Duhs, wellness strategist

  • The book: Hydrate

  • What it is: From wellness advisor to the stars and founder of the Hydrate podcast comes the end-of-day life-changing mocktail book. This book is full of super unique recipes that hydrate, engage and enliven. Throughout the book, Duhs shares recipes and health tips that helped her go from sick to alive and well.

  • When it’s out: You’ll be drinking mocktails instead of that third glass of wine by spring of 2021!

8. Brian Covey, VP of regional production at Loan Depot and podcast host

  • The book: Conversations with Covey

  • What it is: A conference in a book, Covey takes his best episodes from the top-rated Brian Covey Show and showcases all-star entrepreneurs like David Meltzer, Brittany Hodak and many other incredible movers and shakers. The book aims to be a lifeline to many who have suffered in 2020 and shows how adversity can never stop the truly open-hearted and talented.

  • When it’s out: You’ll be laughing and crying with Covey in spring of 2021, fully motivated and ready to take on the world after reading each of these lessons.

9. Suzy Heyman, health coach and business strategist

  • The book: What Saturated Market? How to Crush it in Your Home-Based Business

  • What it is: Heyman, runs a health-coaching business, optimized team selling and made millions helping others live their best lives.

  • When it’s out: It’s coming summer 2021.

Related: Entrepreneur Editor-in-Chief Jason Feifer’s Reading List

10. Dr. Brooke Weinstein, mom coach and emotional regulation strategist

  • The book: You’re not F*cking Crazy

  • What it is: From the latest dance movement on TikTok, came a dancing doctor into the hearts of moms. Weinstein took the crown of “The Mom Coach” and began teaching women to remember who they were before they got their new name, ‘Mom’, using neuroscience and medical knowledge to take women from surviving to thriving, Weinstein is overjoyed to bring her first book into the world in 2021 especially after her recent exposure on the Today Show.

  • When it’s out: Look for validation you aren’t crazy by Fall of 2021…

11. Jamie Kern Lima, co-founder of IT Cosmetics

  • The book: Believe It: How to Go From Underestimated to Unstoppable

  • What it is: From the CEO of IT Cosmetics comes a how-to guide on challenging self-doubt and wrong beliefs in order to become unstoppable in your career and life.

  • When it’s out: Get ready to believe the real you in Spring 2021.

12. Micheal Burt, author, speaker and coach

  • The book: Flip the Switch: How to Activate the Prey Drive in Yourself and Others

  • What it is: From America’s coach comes a book that will literally wake up every cell in your body to yell, “YES I CAN!” Known as an energetic activator of many, Burt brings a furious sales passion to this book and the same skill set that has brought 1,000 of his monster producer community to an average income of over $250,000 per year.

  • When it’s out: You will be activating prey drive with Burt by the end of 2021.

13. Emily Ley, founder of Simplified Planners

  • The book: Growing Boldly: Dare to Build a Life You Love

  • What it is: The creator of the Simplified Planner is introducing a how-to book that inspires us to imagine big, plan well and then gather the equipment and the courage to go out and do it.

  • When it’s out: Plan ahead for this release in spring 2021.

14. Adam Grant, psychologist

  • The book: Think Again

  • What it is: For anyone who wants to create a culture of learning and exploration at home, work or school, Grant distills complex research into a compelling case for why each of us should continually question old assumptions and embrace new ideas and perspectives.

  • When it’s out: Get ready, this book came out at the beginning of February.

15. Amanda Frances, business and money mentor

  • The book: Rich as F*ck: More Money Than You Know What To Do With

  • What it is: In Rich As F*ck, Amanda Frances demystifies the topic of money, cracking the code of financial liberation and abundance.

  • When it’s out: Frances’ book is ready for you — it launched on January 11, 2021. Go make some money!

Related: 9 Must-Read Books to Prepare Entrepreneurs for 2021

16. Stephen J. Martinez, PA-C, owner of Restore Wellness

  • The book: Master of Energy

  • What it is: In this book, Martinez explores functional medicine and gives simple answers to complex medical issues so entrepreneurs and people alike can take control of their health and happiness, but most importantly regain the energy they need to truly change the world.

  • When it’s out: You will be mastering your energy by fall of 2021 with Martinez.

17. Rachel Rodgers, owner of the Rodgers Ranch

  • The book: We Should All Be Millionaires

  • What it is: Rachel Rodgers, founder of Hello Seven, a company that coaches women in scaling their businesses and their lives, says it’s time for a change. In this book, Rodgers shares the lessons she’s learned both in her own journey to wealth and in coaching hundreds of women to seven figures.

  • When it’s out: May 4, 2021

18. Deepshikha Sairam, Founder of Hook ‘Em and Book ‘Em

  • The book: Rich Lady Lessons

  • What it is: The business mentor and host of the podcast How to Womxn: Buck The System. Live Your Truth shares lessons about living a joyful and rich life.

  • When it’s out: The end of 2021.

19. Vannessa Williams, astrologist

  • The book: Beyond the Signs: How to Interpret and Apply the Signs of the Universe

  • What it is: This book comes as a lifeline to the spiritually curious with its focus on metaphysical studies.

  • When it’s out: November 2021

20. Michelle Keinan, founder of Goddess Wife School, artist

  • The book: Breakthrough, Don’t Break Up
  • What it is: Keinan, a relationship coach, is creating a juicy and paradigm-exploding book sharing all of the most important lessons, teachings, theories and stories from inside her legendary Goddess Wife School. It is going to change the lives of powerful, successful, go-getter women — and their partners/husbands — by releasing them from the misconception that they can’t be successful while at the same time deeply in love and supported by their spouses.

  • When it’s out: Coming to you summer of 2021

21. Ginger Walker, real estate expert and speaker

  • The book: Military Moves

  • What it is: An up-and-coming real estate star, Walker creates a specific how-to book on buying a home as a member of the military.

  • When it’s out: It’s out in spring 2021.

22. Dr. Sarah Coxon, feminine leadership expert

  • The book: The Way of the Priestess: A Reclamation of Feminine Power & Divine Purpose
  • What it is: In ancient times, priestesshood was a doorway to feminine power and divine purpose. Today, embodying the priestess is a way for women to dismantle systems of oppression, reclaim the feminine, share their truth, own their gifts and create freedom. By tracing priestesshood in ancient times and sharing stories from her own life, Sarah Coxon, PhD, explores how the priestess has been playing a pivotal role in the awakening of the feminine. This book is both a personal memoir and call to arms for any woman that feels trapped in a social cage that stifles her truest expression. It’s for any woman brave enough to walk a new path, reclaim her power, walk hand in hand with the divine, and live authentically, freely and purposefully.

  • When it’s out: This book was released January 11th, so begin exploring today.

23. Sean Vernon, sales director, Docusign and owner of Sunlight Solar

  • The book: Hit the Ground Running

  • What it is: From an extraordinary sales expert and owner of Sunlight Solar comes a book on how to build sales teams, make money and stop suffering alone. Vernon has been a no. 1 sales director, sales producer and even once got graduates from Harvard to knock door-to-door for him. This is a must-read for growth and financial expansion.

  • When it’s out: You can hit the ground running by summer of 2021.

24. Lauren Armstrong, human design expert

  • The book: The Invitation: A Projectors Guide to Leveraging Your Human Design as an Online Entrepreneur

  • What it is: In human design, projectors make up 20 percent of the population, and most of the education about how to run an online business is not meant for them. This book shows us how projectors can do business their way, honoring their energy and unique gifts and leading the way for those that recognize them.

  • When it’s out: Coming to you in November 2021.

25. Omar Medrano, Smoothie King owner and operator, speaker

  • The book: What If It Does Work?

  • What it is: From a Miami serial franchise owner comes an open letter to those who are struggling with the inner critic that’s stopping them from achieving greatness. Medrano references feeling so ugly in Vegas he thought prostitutes wouldn’t be into him, so this is a laughter-filled memoir that will truly inspire you to take action.

  • When it’s out: Medrano’s book will be live in June of 2021.

26. Erin Nicole, coach

  • The book: Burnout to Breakthrough

  • What it is: From Erin Nicole Coaching comes a book that is all about helping women heal from burnout with flow and ease.

  • When it’s out: You can begin reading in March 2021 and heal burnout for good.

27. Nicole Smithson, breathwork leader

  • The book: From Damaged to Divine

  • What it is: From celebrated breath and meditation teacher Nikki Smithson, discover how to make your life a living testimonial to the sacredness of every second we get to live here on Earth. This book is a story as well as a guide to remembering who you truly are, having open and honest communication with the universe and showing up for yourself in the process.

  • When it’s out: Get your copy in September of 2021.

28. Ellie Rome, elimination diet expert and podcast host

  • The book: Don’t Eat This, Feel That

  • What it is: Mindfulness expert and health coach Rome develops the newest version of Eat this, Not That. From her celebrated podcast, Don’t Eat Your Feelings, comes Rome’s first book.

  • When it’s out: Rome’s book will launch in August of 2021.

29. Victoria Labalme, actress

  • The book: Risk Forward: Embrace the Unknown and Unlock Your Hidden Genius

  • What it is: Labalme shares how some of the most renowned companies, entrepreneurs, celebrated leaders and creative endeavors didn’t start with a detailed plan or a five-year goal, but rather an idea, a glimmer of thought which the person then followed and explored, often through significant periods of self-doubt. She argues that in the current landscape, leadership requires fluidity, not necessarily decisiveness up front; teamwork requires adaptability and not always taking immediate action; and interactions require the ability to create a memorable experience from a team that genuinely wants to work together towards success.

  • When it’s out: On sale March 16.

30. Jeff Martin, CEO of University Recruiters

  • The book: Bullshit

  • What it is: From the CEO of University Recruiters comes a book about all the bullshit that stops you from getting to the next level. The chapters will be short with exercises to do to work on each issue so you can progress forward without a therapist hanging around.

  • When it’s out: Look for help this fall, Martin is excited to help you get past your BS.

31. Kim Holterman, self-love expert and photographer

  • The book: P.S. You are Beautiful: The Things I Want My Daughter to Know

  • What it is: From an acclaimed photographer comes a book dedicated to the teenager in all of us. How can you feel beautiful so you can go serve the world? Would you talk to your daughter like that? How can we all lean into the beauty on the inside and outside? Holterman shows us how.

  • When it’s out: Open this gift by Christmas.

32. Emily Adams, podcast host

  • The book: Entrepreneurship: What No One Tells You

  • What it is: This book is about sharing the building blocks to have a strong base before building a business. It has a deep focus on doing inner work to remove your patterning and programming blocks. It also covers how to get your stuff together as an entrepreneur.

  • When it’s out: Grab this must-have in May 2021.

33. Jefferson Rogers, CEO of JKR Windows

  • The book: From Couch to $10 Million

  • What it is: This book is a detailed journey that draws inspiration from the Couch to 5k program. Rogers uses his experience of feeling burnt-out to crushing his fitness, health and becoming a mentor to many.

  • When it’s out: Start your $10 million journey with this achievement mentor in November of 2021.

34. Vanessa Simpson, owner of Fifth Dimension Therapy

  • The book: Young Body Wise Soul

  • What it is: A detailed journey of Simpson’s experience entering into the “woo” world and how she decided to entrepreneurially dive in to helping others do the same.

  • When it’s out: Expect your third eye to open by fall of 2021.

35. Charlyn Jean, wellness expert and story speaker

  • The book: Rewrite You

  • What it is: A detailed guide to rewriting your thoughts around marriage, relationships, boundaries and money.

  • When it’s out: October 2021, grab your pencils.

35. Richard Koch

  • The book: Unreasonable Success and How to Achieve It
  • What it is: Bestselling author and serial entrepreneur Richard Koch charts a map of success, identifying the nine key attitudes and strategies can propel anyone to new heights of accomplishment.
  • When it’s out: It’s out now.

36. Ben Angel

  • The book: Unstoppable, second edition
  • What it is: Ben Angel gives you a look into the world of nootropics, wearable devices, and nutrition and delivers a guide to help you reduce stress, increase focus, improve physical performance, and eliminate your fears.
  • When it’s out: It’s out now

37. Jason Falls

  • The book: Winfluence: Reframing Influencer Marketing to Reignite Your Brand
  • What it is: THE authoritative book about influencer marketing explains how influencers came to be, how they came to be so powerful, why so many brands are counting on influencer marketing for business success, and how anyone who is not, now can.
  • When it’s out: February 2021

38. Sean and Thora Dowdell

  • The book: Brand Renegades: Our Fearless Path from Startup to Global Brand
  • What it is: Sean and Thora Dowdell created a genre-busting brand with Club Tattoo. This is the story of how they took a small business from an idea to a global brand by turning the tattoo industry on its head.
  • When it’s out: May 2021

39. The Staff of Entrepreneur Media

  • The book: Start Your Own Business, eighth edition
  • What it is: Entrepreneur’s flagship book is back for a new edition that helps hopeful small business owners start their business from scratch.
  • When it’s out: August 2021

Finally, time for some shameless self-promotion.

40. Gabrielle Garrett, owner of Gabi Garrett Media, journalist and partner in Monster Publishing

  • The book: Manifest like a MotherF*cker

  • What it is: A journey into unblocking the magic that’s knocking on your door by unraveling trauma patterning, inner mean girl voices and self-sabotage. After creating two million-dollar publishing houses from the dream of an overweight, unhealthy cubicle human, I share how I dreamed big enough to get out of a crushing reality and creating an all consuming fantastic adventure for myself, my clients and my friends.

  • When it’s out: Look for this journal by February of 2021, and the accompanying book is being reviewed by publishers at this moment.

Happy reading, friends!

  • The book: A World Without Email
  • What it is: A new bold vision for liberating workers from the tyranny of the inbox — and unleashing a new era of productivity.
  • When it’s out: You can read it in the woods, without your devices, on March 2, 2021.

Source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/rfhvu15ETYA/364199

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Entrepreneur

The Unbearably High Price of ‘Free’

Using the word ‘free’ in your marketing is a quick way to get attention, but it’s also a double-edged sword that has tripped up a lot of businesses.

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Using the word ‘free’ in your marketing is a quick way to get attention, but it’s also a double-edged sword that has tripped up a lot of businesses.

Free Book Preview: Brand Renegades

Discover how two entrepreneurs used unconventional business strategies to turn their startup into a multimillion-dollar company.

June 13, 2021 5 min read

Opinions expressed by Entrepreneur contributors are their own.

One of the most powerful words in the English language is the term “free.” Do any of these phrases sound familiar?

  • “Buy one get one free.”
  • “Get a free gift with purchase, valued at $499.”
  • “Get a free eye examination.”
  • “Try our membership for FREE.”
  • “Get FREE delivery”

It seems like just about every company uses some kind of “free offer” in their marketing. So why is the term “free” used so liberally?

Because, frankly, it works — by appealing to our basic human emotion of greed.

The word “free” has appeared in more advertisements than there are grains of sand on a beach. And it goes way back to the genesis of advertising when giving free samples was the best (and only) new way to get customers. So what makes “free” work so well?”

Free gets attention. It makes people feel like they are getting a great deal. On a subconscious level, it works in reverse, too — you feel like you’re missing out if you don’t take advantage of something for free.

But using the word “free” in your marketing can be a double-edged sword, especially if you don’t use it correctly.

Related content: The 5 Triggers of Psychological Pricing

Is there a wrong way to use the term “free” in your marketing?

Absolutely. There are thousands of ways that using the term “free” in your marketing can trip you up, reduce your product or service value, and do irreparable damage to your brand.

Let me give you a real example. One of our clients was in the business of producing extremely high-end Italian-made leather shoes and bags for men. Their most famous pair of boots retailed for $3,500. Their most popular bag, a messenger-style laptop bag, retailed for $950. The company’s previous marketing agency advised them that the best way to double their boot sales would be to offer the messenger bag for free.

As far as irresistible offers go, that’s a pretty good one, and it did in fact, increase sales of the boots — in the short term. But it was a strategic disaster in the long term because now they had conditioned their clients to expect the messenger bag for free.

In other words, by offering it for free, they had completely devalued that product (remember it was the company’s top-selling bag.) Even worse, by offering something of high perceived value for free, they had also damaged their own luxury brand. Why would people ever pay full price again?

The good news is that people have a short attention span, and with the right strategic pivot and messaging, you can erase the damage of using “free.” But it takes time.

The same dangers apply when you start using discounts in your business. If you discount your products, why would people ever pay full price? They just wait for them to go on sale. When our Italian client came to us, they had a branding and sales disaster on their hands through no fault of their own. Fortunately, we were able to get them out of their pickle by repositioning their products and reinventing their brand — a move that resulted in them being purchased eighteen months later by a competitor.

Moral of the story: Using a free offer can be a slippery slope and must be used sparingly and carefully.

Related: The Price Is Right: How to Price Your Product for Long-Term Success

Before using “free” in your business, ask yourself:

  • Does this have a real value that we depend on for revenue?
  • By offering this item or service for free, will this adversely impact another related service or product (for example, if you offer the first consult for free, and expect to be paid for all future consults)?
  • Why are we considering offering something for free? What else could we offer that would help us achieve the same result?
  • What if it’s not your business using “free”, but your competitors?

    Now, if you’re on the other side of the fence and your competitor is offering something for free that you are charging for, it’s time to put your marketing into high gear.

    Just because there is no money exchanged doesn’t mean that it’s not paid for in other ways — for example, in lost time, huge frustration or poor quality.

    Think of the experience and quality of “free” healthcare versus a private plan. Draw these analogies in your marketing to establish your value in the minds of your clients.

    “Free” is still a mighty word used to grab attention in marketing. But handle with extreme caution, and don’t be lured into using it to stimulate short-term sales at the expense of long-term growth.

    Related: 3 Lessons About Setting Your Price Learned From a Vegas Prostitute

    It seems like just about every company uses some kind of “free offer” in their marketing. So why is the term “free” used so liberally?

    Source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/-ft2fOOD5wI/372155

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    Entrepreneur

    Have You Stashed Too Much Money in Your Emergency Fund?

    Think you’re totally set with a full year of expenses set aside in an emergency fund? Hold up. You might have too much socked into liquid assets. Read on to learn more about how much is too much for your emergency fund.

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    Think you’re totally set with a full year of expenses set aside in an emergency fund? Hold up. You might have too much socked into liquid assets. Read on to learn more about how much is too much for your emergency fund.

    Free Book Preview Money-Smart Solopreneur

    This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success.

    June 10, 2021 6 min read

    This story originally appeared on MarketBeat

    Last year heralded the case for a robust emergency fund. As people lost jobs left and right due to the COVID-19 pandemic, you probably checked and double-checked your emergency fund (I know I did).

    However, have you ever thought about how so much of a good thing can be just that — too much? Your emergency fund could end up way too plump.

    Where People Usually Put Their Emergency Funds

    Where do most people stash money in order for it to remain truly accessible? Most people put their funds in one of the following categories:

    • High-yield savings accounts: You usually find high-yield savings accounts at online banks, not at brick-and-mortar banking institutions. (They don’t have much overhead due to their status as online banks, so they can offer higher returns.) High-yield savings accounts usually earn around 0.50% annual percentage yield (APY).
    • Money market accounts: A money market account, also called a money market deposit account, offers a deposit account that pays you interest based on current interest rates in the money markets. You can find money market accounts at local banks. Money market accounts often come with a debit card and check-writing capabilities.
    • Checking or savings accounts: You won’t earn much interest with checking or savings accounts at a brick-and-mortar bank. Earnings for both of these types of accounts can range from 0.03% to 0.04%. However, you can access your money at any time, which means that these accounts offer major liquidity.

    Any of these options make sense because you can easily get your money out when you need it. However, if you put too much money into any one of these, you could risk a lack of growth and put yourself at a disadvantage, tax-wise.

    Before you choose the right vehicle for you, check rates, fees and withdrawal rules.

    Too Much of a Good Thing Can Be Too Much

    Emergency savings offers so many great things — to a point. Let’s take a look at the downsides to putting an overly large amount in your emergency fund.

    Downside 1: Your money may not grow.

    Where do people usually park an emergency fund?

    Somewhere liquid and highly accessible, like a money market account or a high-yield savings account, right? You want to have access to that money the second your boss says, “Sorry, but I have some bad news…”

    Here’s the deal. Let’s say you save $1,000 at 0.01% APY. After a year, you’ll end up with just $1,000.10. If you put the same $1,000 in a retirement account that earns 6%, you would earn $1,062 after a year. See how you could lose out?

    Most accounts that offer a safe haven for your money often don’t offer ample returns.

    The average stock market return hovers around 7%, three times higher than any high-yield savings account rate offered anywhere today.

    Downside 2: You could lose out on the tax front.

    When you focus on saving in your emergency fund too much, you may neglect your tax-advantaged retirement accounts, which could include 401(k) plans, IRAs, 457 plans or 403(b) accounts.

    Let’s say you have the opportunity to contribute $6,000 into a traditional IRA. Your contributions get deducted from your taxable income. You would only pay taxes on the remaining balance.

    Let’s say you make $60,000 per year. Your taxable income automatically gets reduced $6,000 to $54,000 from your traditional IRA tax deduction.

    What happens when you save your money in a high-yield savings account instead of a tax-advantaged account? You miss out on that reduced taxed income.

    Downside 3: You may not clear out your debt.

    You may hear so much about the importance of emergency funds that you ignore the fact that you still need to pay off debt. That begs the question: What kind of debt do you have? Credit card debt? Student loan debt? You may want to pay down those debts first and then tackle your emergency fund. Or you can save $1,000 for emergencies to start out and then tackle any outstanding debt.

    Downside 4: You may sacrifice other goals.

    When you don’t contribute to your kids’ savings accounts, to your own retirement or maybe even save for a down payment on a house, stop and ask yourself why.

    A gargantuan emergency savings might not mean much when you’re stuck putting a vacation on a credit card or forgoing a child’s college savings account altogether.

    So… How Much Should Go in Your Emergency Fund?

    Obviously, this answer depends on a few factors, including your current income amount. Many financial experts advise saving three to six months’ worth of living expenses.

    For example, let’s say you generally spend about $4,000 per month on general expenditures, such as your mortgage payment, utilities, food, health care premiums and other items. You should save between $12,000 and $24,000.

    However, you may want to adopt the 3/6/9 rule instead, depending on your job situation. In other words, you may want to:

    • Save three months of expenses if you have a steady paycheck, have no mortgage or dependents.
    • Save six months of expenses if you have a steady paycheck, have a mortgage or dependents.
    • Save nine months of expenses if you have irregular income or if you are the only one in your family who earns money.

    How Much Equals Too Much in Your Emergency Fund?

    As you can see, it’s easy to have too much in your emergency fund. If you find that you’ve stashed more than six months’ worth of emergency money in your account and have a steady paycheck, no mortgage or dependents, ease up.

    Carefully consider whether you have too much in your account based on the stability of your income and the number of people depending on you. You may also consider the level of support you receive from others. (Your parents might love it if your family moved in if it came down to it!)

    When you do decide on the right amount, automate transfers so they occur each and every week or month. That way, you don’t have to think about saving — it just happens.

    Featured Article: What is an overbought condition?

    Source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/YHuKBmQ-q-o/374198

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    How to give good feedback to your collaborators?

    The feedback process must be close and continuous.

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    The feedback process must be close and continuous.

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    June 8, 2021 1 min read

    This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

    This story originally appeared on Querido Dinero

    Feedback is the analysis of a person from different perspectives to show what they do very well and accelerate their professional career, but also what they need to improve because it slows their growth.

    The difference with the evaluation of results is that the feedback process must be close and continuous, and when implemented correctly it generates relationships of trust .

    We tell you how to make it a natural practice in your company:

    The difference with the evaluation of results is that the feedback process must be close and continuous, and when implemented correctly it generates relationships of trust .

    Source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/ZMAaeXpe1Pg/373943

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