Introduction When you join a new company, someone will probably tell you, “Don’t worry. Just take some time to settle in.” It sounds like good advice. After all, starting a new job can be overwhelming. There are new people, processes, systems, expectations, and ways of working. Naturally, you need time to understand your surroundings. But there is a problem with the “settle in” mindset. If you spend your first few months simply waiting to feel comfortable, you may lose the most valuable period of your transition. Your first 90 days are not just a period for settling in. They are a period for learning, building relationships, creating credibility, and understanding how you can make an impact. Why “Just Settle In” Can Hold You Back When people are told to settle in, they often become passive. They attend meetings, complete assigned tasks, observe what others are doing, and wait for someone to tell them what they should focus on. There is nothing wrong with observing. In ...
Introduction Parkinson's Law is a popular concept that states that expenses tend to expand to meet income levels. The idea behind this theory is that people tend to increase their spending as their income increases, resulting in a never-ending cycle of lifestyle inflation. The Law was first articulated by British historian and author C. Northcote Parkinson in his book, "Parkinson's Law: The Pursuit of Progress." Although Parkinson's Law has existed for many decades, it remains pertinent in contemporary times. The Law states that "expenses expand to meet income level." This means that as our income increases, our expenses also increase, leading to little to no change in our overall financial position. This blog post will cover Parkinson's Law, its correlation with lifestyle inflation, and techniques to overcome it. Parkinson's Law in Personal Finance Lifestyle inflation is when individuals increase their spending as their income increases. For exa...