Take 5: A Roundup of Reads From Around the Web


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This week: How to get promoted, get paid for your hobby, get out of arbitration clauses, be a successful entrepreneur and survive Mondays.

1. The One Thing Managers Say Will Get You Promoted

[Credit.com] “Most people, however, would probably just be happy with an annual raise and occasional promotion. Depending on where you work, this may be a lot to ask. But if you’re serious about that promotion, there are some hacks and shortcuts you can take to earn it.”

Rather than tell you the single trait managers are looking for in those they promote, I’ll share a few traits that were runners-up. They include competitiveness, accessibility, decisiveness and fairness. Can you guess the most important personality trait in people who are promotable? Check out the story.

2. How to Get Paid for Your Hobby

[The Dollar Stretcher] “While most jobs can keep you living day to day, real joy is attained by engaging in something that lights up your passion. Yes, you could have a career in something you really love. Making money with your hobbies is the most amazing venture. When it is totally unexpected, you get double the pleasure! So how can you make money from your hobby?”

We’ve done similar stories, like “25 Hobbies That You Can Turn Into Moneymakers,” but there’s always room for more advice. Thinking of a side gig that could become full time? Check it out.

3. Credit Card Companies Want You to Give Up Your Right to Sue Them. Here’s How to Opt Out

[Money] “Before you sign up for a new credit card or click ‘I agree’ on the user agreement for a website, scan through the fine print — or, at the very least, hit Control+F and search for the word “arbitration.”

We’ve been talking about forced arbitration for years.  Arbitration is a method of settling disputes without expensive trials. Sounds good, until you learn that companies favor it not only because it’s cheaper, but also because it often favors them over their customers. It also prevents class-action suits, which is sometimes the only way consumers can band together and correct unfair corporate behavior.

If you want to preserve your right to a trial, this article will tell you how. Warning, however: Despite the title of this article, the majority of companies requiring you to sign arbitration agreements don’t allow you to opt out.

4. There Is No Ideal Entrepreneur

[Debt.com] “Everyone asks me who makes the best entrepreneur — young or old, man or woman, big city dweller or small town resident. The truth is, the ideal entrepreneur is really about traits like hard work and smart planning. If you have those traits, you have a greater chance of success as an entrepreneur. Here’s why.”

While there are certainly characteristics successful people share, there are infinite paths to success. This author argues that demographics like age, sex, geographical location, race and ethnicity aren’t as important as traits like drive, passion and flexibility. I couldn’t agree more. Is there self-employment in your future? Give this one a read.

5. 12 Frugal Skills You Must Have to Survive Mondays

[Wise Bread] “Mondays are difficult for everyone. The beginning of a new workweek means you can’t sleep in, you have to manage office politics again, and you need to deal with the stress of your day-to-day grind once again. However, we’ve come up with some frugal skills that can help you better survive Monday, that [don’t] cost much or anything at all.”

Hate Mondays? Join the club. This article offers some help to make the start of your workweek a bit more bearable. Tips include getting up early, not skipping breakfast, listening to music, making Monday a splurge day and lots more. Stop working next Monday for long enough to read this article.

Don’t forget to share your thoughts and reactions in comments below or on our Facebook page!

Stacy Johnson

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I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

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Read Next: Ask Stacy: Are Service Plans and Extended Warranties Worth It?

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