Stocks march higher following solid earnings reports

NEW YORK (AP) — Stocks marched higher in morning trading on Wall Street Tuesday after some of the nation’s largest companies reported surprisingly good financial results.

The earnings reports from a mix of health care and financial companies gave the market direction after a wobbly Monday as investors weighed the impact of a truce in the U.S.-China trade war. The latest round of corporate earnings will give them a clearer picture of that long-running dispute’s impact on the broader economy and various industries.

Health care stocks led the market as insurer UnitedHealth Group and health care products company Johnson & Johnson raised their annual financial forecasts following third-quarter results that beat Wall Street expectations.

Chipmaker Nvidia rose 4.7% and led technology stocks higher.

Solid financial results from JPMorgan Chase and Charles Schwab helped push financial stocks higher.

Bond prices fell. The yield on the 10-year Treasury rose to 1.75% from 1.73% late Friday. Bond markets were closed Monday for Columbus Day.

Utilities, real estate companies and makers of consumer goods all fell as investors regained an appetite for more risk. The sectors are considered safe-play holdings and usually lag the market when investors are more confident.

Tuesday marks the beginning of a busy few days for corporate earnings. United Airlines Holdings will report later in the day and give investors an early glimpse into the health of the airline industry.

Banks continue their earnings reports on Wednesday with Bank of America and PNC Financial. Railroad giant CSX, Netflix and IBM will also report results on Wednesday.

KEEPING SCORE: The S&P 500 index rose 1.1% as of 11:15 a.m. Eastern time. The Dow Jones Industrial Average rose 271 points, or 1%, to 27,054. The Nasdaq rose 1.1%.

OVERSEAS: European markets rose. The European Union said that a deal with Britain is still possible ahead of their expected separation on Oct. 31. The trading bloc said that Britain needs to move ahead with more compromises to seal an agreement.

Markets in Asia were mixed.

EARNINGS WORRIES: The early batch of upbeat financial reports come amid broader concerns for another rough round of quarterly earnings reports as a wide range of industries absorb the impact of ongoing trade disputes and growing economic uncertainty. Corporate earnings are expected to contract by nearly 5% during the third quarter, according to FactSet.

The dire prediction could soften as more companies report earnings. Similar forecasts were made ahead of both the first and second quarter reporting periods and companies in the S&P 500 managed to deliver only a modest contraction each time.

Once again, analysts and investors will be listening closely to company forecasts for the rest of the year to gauge the economic impact of the U.S.-China trade war and other issues that could crimp economic growth.

HEALTHY FORECASTS: UnitedHealth Group rose 8.3% after it hiked its 2019 profit forecast. The nation’s largest health insurance company said the addition of hundreds of clinics to its health care services business helped drive revenue and profit during the third quarter, both of which beat Wall Street forecasts.

Johnson & Johnson, the world’s biggest maker of health care products, rose 1.8% after it also raised its profit forecast for the year following solid third quarter results. The company cited higher sales of key medicines for cancer and immune disorders.

BANKS AT BAT: JPMorgan Chase rose 3.8% after the bank beat Wall Street’s third quarter profit forecasts on growth from higher interest rates and solid performance from its investment banking business.

Other major banks reported mixed results.

Goldman Sachs fell 1.5% after reporting a dive in third quarter profits on losses from some of its public investments and as it struggled to drum up advisory business.

Citigroup rose 1.9% while Wells Fargo rose 1.3%.

The Best Employee Traits for an Organization

When talking about human resources management, it is highly likely to talk about personality. Whenever we talk about cultural fit, job fit, conflict resolution, and team productivity in an organization, personality is often a key talking point. Personality is therefore very important in an organization.

It makes sense that certain personalities make people more suitable for the company, certain jobs, and certain teams. So, what is so informative about personality? There are certain things you should look at when evaluating someone’s personality.

Learning Mode

The first thing to consider about the personality of your employees is how they learn.

  • Do your employees assimilate information quickly or they are good with concrete data?
  • Are your employees more methodical or analytical?

It is crucial for employers to know the learning mode of their employees because this helps them to know if the employees have what it takes to be the most effective people in certain positions. It will also tell managers the best approach to training, onboarding and development plans.

The Strength of Character

The strength of character is not the ability of a person to walk all over others. It is the tendency of a person to stick to things that they know. Are the people traditional in things that they do or are they adaptable? Do the employees do well in ambiguous situations or they prefer familiar situations with directives that are clearly defined.

There are numerous positions that require people to be adaptable, ones who love trying things out and thrives in environments that are not familiar to them. However, you would not want such people to be your accountants.

Behavior

Behavior involves people as being either organized or spontaneous. This dimension of personality is one of the easiest to understand. Employees are either more organized or spontaneous.

Organized employees plan things ahead of time and have well-structured action plans. Spontaneous employees don’t mind interruptions or are comfortable at improvising or not as detail-oriented as the organized employees.

There are, however, those who land in between the two as with other dimensions. Individuals typically have a tendency to be either organized or spontaneous regardless of the strength of the traits. It would be important for people to know when they want to plan for important meetings.

Competitiveness

Sometimes, we meet people who seem to be unmotivated and lazy at first but become a fiery ball of accomplishments when they are pitted against other people. On the other hand, there are people who seem to be motivated but end up failing when you ask them to compete against others.

We are all different, and managers should understand this. Some people are less competitive than others while others get their satisfaction when they are serving others and find themselves in work environments that are harmonious.

Motivation

It would be awesome to know what motivates your staff. It would be great if you know that your best workers want more stability and security and not the big corner workspace.

There are some people who move across the world for a prettier paycheck or a better title. There are also those employees who have everything they need in their benefits plan. There are different things that motivate different employees. It is, therefore, crucial to know where your staff lies and what motivates them.

Assurance

Assertive people are very assured of themselves, and they like to lead, to argue and are opinionated. They can also be very persuasive. On the other hand, conciliate individuals tend to appear more composed, avoid confrontations and find it hard to express their opinion.

We also have those who are in between, but the main point is to recognize the importance of distinguishing between the two. This is more important if your business requires too much teamwork. It is crucial to ensure that the team is complementary and compatible.

Level of Trust

When we talk about the level of trust we are not referring to the level of trust one has in other people when they are given information. We need to know whether they question everything or when they accept the things that are at face value. Managers or business owners should consider having a great employee who would be a great manager.

However, after a few months in the new role, you will notice that the projects of the employee are not going smoothly as you expected. Investigations also show that new managers are a little too trusting for their role and are not doing the control required to be a manager or following up. Employees and situations are different, and life would be easier and better if you know the things you are dealing with.

Sociability

I am sure you have heard a lot about employee sociability. If you have ever done a test about personality, then there are high chances that you have looked at your results on this scale and thought of the things you are and the things you are not as far as sociability is concerned.

It is crucial to understand that different things get measured when evaluating sociability. A lot of people don’t see the benefit of the scale as far as business is concerned. It is crucial to know which of your employees are willing to initiate contact with strangers.

You need to know employees that are best listeners and those that prefer being alone. This will help you know the employees to put at the front desk, and the employees to assign marketing tasks that involve talking to strangers.

Nervous tension

It is essential to know how your employees will react when they are under pressure or when they are under strict supervision. Are they cool, calm and collected? Are they affected by the pressure or are they anxious? This information should be used by managers to know the employees who can work under pressure, supervised and unsupervised. It is the best way to know who can lead and who cannot lead.

Indianola School Board Continues Bond Refinancing

The Indianola School Board met in regular session Monday evening. The board considered a request from associates around the district to provide them with laptops. The administration purchased Chromebooks for associates to use on a per case basis, and agreed to continue to monitor the situation for a solution. The board appointed Ken Bresnan as the delegate to the Iowa Association of School Boards, approved a change to the Algebra II curriculum to have each part of the course count as a single credit, and received a report from the board facilities and finance committees. The board also continued work on bond refinancing, and since 2016, the board has saved over $5.3 million dollars in interest payments.

Ex-Nat’l Security Council expert testifies to Congress

WASHINGTON (AP) — Fiona Hill, a former top National Security Council expert on Russia, was testifying to Congress behind closed doors Monday, the latest former Trump administration official to be subpoenaed as part of the House impeachment inquiry into President Donald Trump.

Hill wouldn’t comment as she arrived on Capitol Hill, but her attorney said she had received a congressional subpoena and would “comply and answer questions” from lawmakers. She resigned from the White House National Security Council over the summer.

She is the first White House official to appear as part of the House impeachment inquiry . Her appearance comes despite a White House vow to halt any and all cooperation with what it termed the “illegitimate” impeachment probe. The White House did not immediately respond to questions about whether they had sought to limit Hill’s testimony.

Republicans called on Rep. Adam Schiff, the chairman of the House intelligence committee, to release transcripts of the depositions to the public. The California Democrat said Sunday that having witnesses appear behind closed doors would prevent them from knowing what other witnesses said.

“We want to make sure that we meet the needs of the investigation and not give the president or his legal minions the opportunity to tailor their testimony and in some cases fabricate testimony to suit their interests,” Schiff said on CBS’ “Face the Nation.”

Rep. Jim Jordan, the top Republican on the House oversight committee, said he learned Monday morning that Schiff had subpoenaed Hill.

“She was going to come, she’d agreed to come, she was going to come voluntarily but he’s going to subpoena her, I believe, so he could ask certain questions and again keep those secret except for the certain things he wants to leak,” Jordan said. “The tragedy here and the crime here is that the American people don’t get to see what’s going on in these sessions.”

The subpoena was issued because of attempts by the Trump administration to direct witnesses not to cooperate with the impeachment inquiry and to limit the testimony of witnesses, an official working on the impeachment inquiry told The Associated Press. Hill complied with the subpoena and was answering questions from both Democrats and Republicans, the official said.

The official spoke on condition of anonymity in order to discuss details of the closed-door deposition.

Later this week, U.S. ambassador Gordon Sondland, Trump’s hand-picked ambassador to the European Union, is expected to appear for a deposition against the wishes of the White House, after being subpoenaed. He’s expected to tell Congress that his text message reassuring another envoy that there was no quid pro quo in their interactions with Ukraine was based solely on what Trump told him, according to a person familiar with his coming testimony in the impeachment probe

Sondland’s appearance, set for Thursday, comes after a cache of text messages from top envoys provided a vivid account of their work acting as intermediaries around the time Trump urged Ukraine’s new president, Volodymr Zelenskiy, to start investigations into a company linked to the family of Democratic rival Joe Biden.

One witness who may not be called before Congress is the still-anonymous government whistleblower who touched off the impeachment inquiry.

Top Democrats say testimony and evidence coming in from other witnesses, and even the Republican president himself, are backing up the whistleblower’s account of what transpired during Trump’s July 25 phone call with Zelenskiy. Lawmakers have grown deeply concerned about protecting the person from Trump’s threats and may not wish to risk exposing the whistleblower’s identity.

Schiff said on Sunday that Democrats “don’t need the whistleblower, who wasn’t on the call, to tell us what took place on the call.”

Schiff said it “may not be necessary” to reveal the whistleblower’s identity as the House gathers evidence. “Our primary interest right now is making sure that that person is protected,” he said.

But Trump strongly objected.

“Adam Schiff now doesn’t seem to want the Whistleblower to testify. NO!” the Republican president tweeted early Monday. “We must determine the Whistleblower’s identity to determine WHY this was done to the USA.”

The impeachment inquiry is testing the Constitution’s system of checks and balances as the House presses forward with the probe and the White House dismisses it as “illegitimate” because there has been no formal vote of the House to open impeachment proceedings.

In calling for a vote, the White House is trying to press House Democrats who may be politically reluctant to put their names formally behind impeachment.

But House Speaker Nancy Pelosi, D-Calif., has resisted those efforts and is unlikely to budge as Congress returns this week. Democrats say Congress is well within its power as the legislative branch to conduct oversight of the president and it is Republicans, having grown weary of Trump’s actions, who may be in the greater political bind over a vote.

New California law could bring dozens of new abuse cases against USA Swimming

Tracy Palmero thought she would never get her day in court.

Palmero said she was 14 when her Orange County swim coach Everett Uchiyama, later USA Swimming’s national team director, began grooming her for a sexual relationship in the 1980s. She said she was 17 when Uchiyama began having sexual intercourse with her.

Uchiyama, Palmero said, was a “predator” with a “long term plan.”

By the time Palmero said she fully grasped in her 30s that she had been sexually abused by Uchiyama it was too late under California law to file a civil suit against the coach or USA Swimming, the organization she said enabled and then covered up his sexual misconduct.

“I felt like I was just disregarded,” Palmero said in an interview Monday.

Legislation signed into law by Gov. Gavin Newsom Sunday will allow sexual abuse victims such as Palmero to finally confront in court their abusers and the organizations that protected predators.

Assembly Bill 218, which goes into effect Jan. 1, creates a three-year window to file past claims that had expired under the statute of limitations. The bill, authored by Assemblywoman Lorena Gonzalez (D-San Diego), also extends the statute of limitations for reporting childhood sexual abuse from the time a victim is age 26 to 40. The period for delayed reasonable discovery is also increased from three to five years.

Alleged survivors must file civil suits within eight years of becoming an adult or three years from the date an adult survivor “discovers” or should have discovered they were sexually abused, under current California law.

“This is a great day for sex abuse victims in California,” said Robert Allard, a Bay Area attorney who represents Palmero and dozens of other women who allege they were sexually abused by their coaches as young women. “This law breathes new life into a lot of cases.”

The law could have major ramifications for USA Gymnastics and USA Swimming as well as the U.S. Olympic and Paralympic Committee, who are all currently facing several sex abuse lawsuits in California and have avoided dozens others because of statute of limitations.

Allard said he is aware of at least a dozen cases against USA Swimming that could now move forward under the new law.

“USA Swimming will no longer be able to hide behind legal loopholes that they’ve negligent and covered up and protected predatory coaches,” Allard said.

USA Gymnastic and USA Swimming are both under investigation by the U.S. Department of Justice and the Internal Revenue Service for their handling of sex abuse cases and financial practices related to sex abuse claims. USA Gymnastics filed for Chapter 11 protection in U.S. Bankruptcy Court last year.

AB 218 and previous attempts at similar legislation have been a major concern for USA Swimming and USA Gymnastics for much of the past decade.

USA Gymnastics has spent nearly $22,000 on lobbying in California since 2017, according to records filed with the Secretary of State. USA Swimming paid a Sacramento firm $77,627 in 2013 and 2014 to lobby against SB 131, which would have also extended the statute of limitations in childhood sexual abuse cases. The bill was approved by the legislature but then Gov. Jerry Brown declined to sign it into law.

“USA Gymnastics has spent more money lobbying against athletes getting their day in court than they have helping gymnasts get treatment to deal with their sexual abuse,” said John Manly, an Orange County attorney who represents dozens of alleged victims of former U.S. Olympic and USA Gymnastics national team physician Larry Nassar.

“That tells you a lot about (USA Gymnastics). It shows you the utter garbage in the leadership of that organization,” Manly continued. “It’s still business as usual, they only care about three things—money, medals and survival.

“Imagine this: little girls have been paying dues to USA Gymnastics, an organization that turns around and used that money to lobby against their right to be heard. It’s despicable.”

Officials for USA Gymnastics, and USA Swimming did not respond to requests for comment. A spokesman for the USOPC said the organization had no comment.

USA Swimming, USA Gymnastics, USOPC and other sport organizations could be especially vulnerable under the new law which says damages can be tripled in cases where a victim’s sexually abuse followed efforts to cover up previous sexual abuse.

In cases in which Olympic medalists Aly Raisman, McKayla Maroney and Jamie Dantzscher and others allege they were sexually abused by Nassar, Manly said there was a “systemic cover-up” of the physician’s predatory behavior by USA Gymnastics.

“You can bet we believe we can show a cover up,” Manly said.

Palmero and Allard said a top USA Swimming official and prominent coach ignored or disregarded red flags that should have alerted them to Uchiyama’s sexual misconduct. Even after Uchiyama was banned for life for sexual misconduct by USA Swimming in 2006, the Colorado Springs-based national governing body kept his ban from the public for four years. During that time Uchiyama was hired as a swimming instructor at a nearby country club after he received glowing recommendation from a top USA Swimming official.

“There was a cover-up at the highest level of USA Swimming,” Allard said.

Local shadow cast organization donating proceeds to Mental Health First Aid

LAFAYETTE, La.- The show will be put on to help raise funds for an instructor to teach Mental Health First Aid in Lafayette Public Schools. Mental Health First Aid is an incredible organization and program that is making a huge difference in communities nationwide, and the group would like for Lafayette to be one of them.

The shadow cast will be presenting their retention of The Rocky Horror Picture Show: Transylvanian Tramps. The show will be at the Robert D. Sidman Theater- Cite des Arts on October 24th, 25th, and 26th. Showtime will be at 10:00 p.m. with doors opening at 9:30 p.m.

Show goers are asked to arrive early to ensure entry.

The entry fee will be a cash donation of $10 or more. Prop bags will also be available for $5. No outside props allowed. The props sold are pre-approved by the theater.

For more information on Mental Health First Aid you can visit their website here, mentalhealthfirstaid.org/.

For more information on the show visit their Facebook page at, RHPS-Shadow Cast for Charity.

Barcelona Metro’s Line 9 Section 2 EUR 725 Million Refinancing

Clifford Chance has advised a consortium of leading entities in the infrastructure sector formed by ACS-Iridium Group, Queenspoint (a PPP platform owned by Allianz Capital Partners and Danish pension fund Arbejdsmarkedets Tillaegpension (ATP) and infrastructure funds Dalmore Capital and Equitix, in one of the largest transport deals to complete in Spain in recent years.

The deal involved raising roughly EUR 725m of debt to refinance existing loans provided by commercial banks over a decade ago to finance the construction of Line 9 Section 2 of the Barcelona Metro.

This is the largest refinancing to date for a transport concession project in Catalonia. Despite expectations that local banks would be most comfortable with Catalonia counterparty risk, the project’s cash flow and good financials have driven strong interest from significant institutional investors from Europe and North America.

The deal was led by partner Guillermo Guardia (Picture), with support from Carl Fitzgerald, James Rodier, Carme Briera, José María Vilaseca, Isabella Lessi and Francisco Ruiz. A London team led by Partner Anne Drakeford and associates Ariel Sittner and Seun Onasanya assisted the consortium on the hedging documentation.

Involved fees earner: Carme Briera – Clifford Chance; Anne Drakeford – Clifford Chance; Carl Fitzgerald – Clifford Chance; Guillermo Guardia – Clifford Chance; Isabella Lessi – Clifford Chance; Seun Onasanya – Clifford Chance; James Rodier – Clifford Chance; Francisco Roberto Ruiz Sanchez – Clifford Chance; Ariel Sittner – Clifford Chance; José María Vilaseca – Clifford Chance;

Law Firms: Clifford Chance;

Clients: ACS-Iridium Group; Dalmore Capital; Equitix ; Queenspoint;

Movencorp patents its personal finance technology

The road to differentiation among fintech startups entered a new phase this week: patenting technology to put a brand’s stamp on it forever.

On Tuesday, personal finance technology startup Movencorp confirmed that it patented its digital financial wellness product. Movencorp is the parent company for direct-to-consumer outfit Moven and its business-to-business entity Moven Enterprise.

The company said the motivation for the move is to establish its status as a pioneer in money management technology. “Having successfully been awarded this patent reinforces our leadership position within the financial wellness and smart banking space,” said Brett King, founder and executive chairman at Moven.

The patent is called Methods and Apparatus for Promoting Financial Behavioral Change. Movencorp’s technology includes a digital feedback communication loop that shows consumers where they are spending their money and how their behavior may have changed. Users also see an overall assessment of where they have spent money, how much they have spent within the past month and how it compares with past spending behavior. It includes a color-coded wheel with green, yellow and red to depict whether customers are overspending.

The visual component explains to users how their spending can affect their financial goals. For example, if a user has eaten out a lot more than usual, they will receive alerts about how their food budget changed and how it may negatively impact their ability to save more money.

In addition, Moven developed TD MySpend, a personal finance app from TD Bank where users can see spending insights on a color-coded circle, an average of what they typically spend, how much they have spent that month and if their current spending will allow them to reach their financial goals.

As digital-only banks and personal finance platforms ramp up their analytics and behavioral insights, King said Moven’s influence on these tools is apparent. “You see that design pattern creeping into other apps,” King said. “Obviously, challenger banks like Monzo and Starling and Revolut use a similar artifact to the spending meter, so we do see that design influence being fairly strong.”

See also: Moven Brings AI to its App

Ron Shevlin, director of research at Cornerstone Advisors, agreed that having a patent on intellectual property will set Movencorp apart from competitors and establish it as a leader. He noted that a patent is less about taking legal action against copycats, but a means to establish the company’s ownership of the design it developed.

“It gives them some credibility, gives them some awareness and gives them some traction in the financial wellness space,” Shevlin said. “The financial health space, from a fintech perspective, is burgeoning. A lot of firms are trying to enter the space.” He added that the attention from the patent could nudge more firms to consider working with Movencorp on personal finance behavioral tools. 

According to King, Movencorp has not decided on any legal action against firms that have used its design and approach. “As we’re out in the market talking to people about smarter bank accounts that can make them financially healthier, this is a key artifact to say: ‘We pioneered this; this is why we’re the best in the world’,” he said. “That also supports our position for licensing this technology to other banks around the world because we can say the limit is protected by this patent.”

Bank Innovation Build, on Nov. 6-7 in Atlanta, helps attendees understand how to “do” innovation better. It is designed to offer best practices, to guide the innovation professional to better results. Register here.

Normandy, Invesco close $200M refinance at 888 Broadway

Netflix, Atlassian and ABC Carpet signed leases at the property

Normandy Real Estate Partners and Invesco Real Estate have refinanced 888 Broadway with a $200M loan from TPG.

Newmark Knight Frank arranged the floating-rate loan. The team was led by Dustin Stolly and Jordan Roeschlaub, Vice Chairmen and Co-Heads of Debt and Structured Finance, along with Nick Scribani, Chris Kramer, Dylan Kane and John Gallagher.

The newly-renovated, 10-story property totals 221,312 s/f and consists of two connected office buildings: 888 Broadway and 38 East 19th Street.

Sponsorship recently signed leases with Netflix, Atlassian and ABC Carpet & Home at the property.

The property includes the fee simple interest in the office condominium of 888 Broadway and the leasehold interest of the adjoining 38 East 19th Street.

After acquisition, sponsorship began a redevelopment program to reposition the property as a Class A, trophy office, including a new penthouse and roof deck, completely redesigned office lobby entrance, and entirely new building infrastructure.

The property features high ceilings and over-sized windows.

“Following the comprehensive renovation and addition of the penthouse and roof deck, 888 Broadway will be a prominent, trophy office property that will undoubtedly continue to attract high profile tenants given the quality
of the space and unbeatable location,” said Stolly.

“The institutional and dynamic pairing of Normandy and Invesco make up for a best-in-class sponsorship profile that is especially equipped to execute this business plan,” said Roeschlaub.

Using Minimalism to De-Clutter Your Life

Life is all a clutter these days. With all the things we purchase from Amazon and online stores we have become a society of consumerism, which is why it is important to declutter things from time to time.

So what is minimalism? It’s a very simple concept: to become a minimalist you have to live with less than 100 things, you cannot own a car, a home, you can’t have a career, you have to write a blog, you can’t have children. Okay, I’m joking-obviously. But the wrong perception about minimalism people have is that they always mention any of the above “restrictions” as to why they could “never be a minimalist”. If you desire to live with fewer material possessions, or not own a car or a television, or travel all over the world, then minimalism can lend a hand. But that’s not the point.

Minimalism is a tool that can help you in finding freedom. Freedom from worry. Freedom from fear. Freedom from depression. Freedom from guilt. Real freedom. But, that doesn’t mean there’s anything wrong with owning material possessions.

Minimalism means decluttering the unnecessary stuff from our life which distracts us. Minimalism is intentionality. Minimalism is an intentional promotion. My philosophy of minimalism, as being a minimalist is about getting rid of excess stuff and living life based on experiences rather than the worldly possessions. It doesn’t mean that a room or a space should consist of only one chair, one table, one water bottle, and nothing else. Based on the experiences one starts to understand that which stuff is useful and which is not. Calling a person as a minimalist means their interest lies in keeping things very simple and very basic. Which means keeping less choices, wearing the same type of clothes everyday, buying the same groceries from the store. The numerous choices which you have around yourself are always superficial, they don’t matter. Being a minimalist has helped people achieve:

– Eliminate dissatisfaction

– Staying organized

– Staying productive

– Rid myself of excess stuff

– Consuming Less

– Pursuing passion

Getting rid of the excess noise from your life and having less choices can bring you happiness, peace and joy because now there is room for these things, which you created. Another misconception that people have about minimalism is that it is very boring, sterile, empty, monk-like. Not at all. Well, it can be, if you go in that direction. Minimalism is all about making choices, as mentioned earlier, that minimalism is a promotional intention, it depends on you how you want to be. With this, many people will argue that, owning a gaming laptop, an iPad, multiple shoes, and you call yourself a minimalist, again there’s no one way. Everyone must find their own path and mine is somewhat different than what others would consider a minimalist.

Reassessing the priorities can help you strip away the excess stuff – the possessions and ideas and relationships and activities that don’t bring value to your life. If you can take a day and really dedicate yourself to focusing on what’s important, you’ll likely identify a whole slew of things that are more important than accumulating physical goods, and if this is the case than it’s time to start slimming down your haul. Don’t just get rid of the stuff because you can, because by doing this, it’s most likely to result in you being sad and lonely without your things and will just end up buying new versions of them, which will support your conspicuous consumption.

Minimalism can lead you to more productivity and in that way you can accomplish more and get your stuff done. Less stuff brings you less distraction and less distraction leads you to more work done. Living with less gives you more physical space to work. Keeping your home and work place simple and neat helps you out with the environment you live in. This spacious environment is not only physical but mental too. It’s easier to produce more work on a blank page than on a page which is filled with clutter.

What’s nice about being a minimalist is that all those freed-up resources can be reapplied to the areas of your life that you care about.