Month: June 2020

A noisy office atmosphere to the notification of a cellphone that does not stop ringing often interferes with work productivity. Especially when bosses and colleagues often invite meetings. Tesla boss Elon Musk also shared tips for more productive and efficient work that you might be able to follow.

Large Meeting = Waste of time, Except It’s Urgent

Some time Elon Musk shared his tips with the Tesla employees so they could work more productively. In a letter related to changes in work schedules to complete the Tesla Model 3, Elon also revealed that he did not like meeting. Amber Heard’s ex-boyfriend admitted that large-scale meetings are a waste of time.

“Please throw away all the big meetings, unless you are sure it will benefit all audiences, if so make it faster,” Elon wrote.

The Space X boss also instructed his employees to only hold meetings only when there was something urgent. “Also throw out meetings that are too often unless you are dealing with a very urgent matter. The frequency of meetings should be reduced when the problem is resolved,” Elon said.

Skipping Meeting

Dislike meetings, Elon even allows his workers to skip classes and leave the room. “Just get out of the meeting or ‘drop off’ the phone when it’s clear you don’t add benefits. You won’t be an impolite person if you leave the meeting, you will be disrespectful if you make someone hold on and waste their time,” Elon said.

Dislike meetings, Elon even allows his workers to skip classes and leave the room. “Just get out of the meeting or ‘drop off’ the phone when it’s clear you don’t add benefits. You won’t be an impolite person if you leave the meeting, you will be disrespectful if you make someone hold on and waste their time, “Elon said.

Avoid the Hierarchy System

System Bureaucracy or hierarchy structure that is too complicated also hinders communication and makes work unproductive. Elon also does not want that if it makes workers less efficient. “Any manager who imposes a chain of command communication will work elsewhere,” he stressed.

Therefore, Elon wants if Tesla workers can talk directly with the person concerned without intermediaries. Even if new entry workers want to talk to the vice president, that can be done directly. “It should be okay if people want to talk directly and do things right,” Elon wrote.

  1. Large Meeting = Waste of Time  Some time Elon Musk shared his tips with the Tesla employees so they could work more productively. In a letter related to changes in work schedules to complete the Tesla Model 3, Elon also revealed that he did not like meeting. Amber Heard’s ex-boyfriend admitted that large-scale meetings are a waste of time. “Please throw away all the big meetings, unless you are sure it will benefit all audiences, if so make it faster,” Elon wrote.
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Basecamp CTO David Heinemeier Hansson, developer of the Hey.com e-mail service, calls Apple’s behavior like a thug. What caused it?

Hansson’s statement came after Apple refused to fix a bug and forced Basecamp to give Hey customers the option to subscribe to the service via the App Store.

“I was very surprised at the threat. I think it should be disguised as a threat disguised by eufinism or the like,” Hansson said.

Apple’s Strict Rules

Apple does require application developers on the App Store to follow strict rules. Including requiring developers to provide in-app purchase options if they want to offer content that could previously be purchased through other platforms.

Hey.com is an email service that was recently launched. They offer alternative Gmail services at a cost of USD 99 each year. But now, they only provide subscription options via the site.

The Problem

Apple originally gave this application permission to display on iOS. But according to Hansson, when Hey asked for a bug fix, the request was rejected because they didn’t provide the in-app purchase option through the App Store, and then the Hey app update was rejected by Apple.

“Like the mafia, they contacted us by phone. Stating that, first, they broke our window by refusing a bug fix request). Then, without euphemism (a more subtle phrase), they said they would burn our shop (by removing our application), unless we pay, “Hansson wrote on his twitter.

Reported by Detik website, most developers make the in-app purchase option through the App Store the last resort for monetizing their services. Because Apple applies a ‘tax’ of up to 30% for every digital purchase transaction made through the App Store.

An example is Netflix, which has no longer offered a subscription option through the App Store since 2018. Then there is also Spotify who claims to have to increase its service subscription fees to cover their lost income from Apple’s tax deductions.

There are still many more developers who complain about Apple’s tax scheme, and Apple is still unmoved by this rule, even though they actually provide relief for a number of applications or free them from the tax.

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The business world is being stirred up by the adoption of the son of Bernard Arnault, owner of LVMH as CEO of Tag Heuer, a luxury watch brand. He is Frederic Arnault who joined his siblings in taking on a greater role as a conglomerate family. Reuters reported, billionaire Bernard Arnault owned a 5.46 percent stake in Carefour through his Arnault Groupe. The richest billionaire in Europe stepped down from his position on the council on April 15.

First career

This prestigious school graduate, Ecole Polytechnique, has worked as an investment manager at the Louis Vuitton producer, led by his father, LVMH. He held positions from 2015 to 2016 before he switched to lead Rimowa. Alexandre’s activities are also like millennials in general. Through his Instagram account, he is seen traveling frequently, playing Chopin’s music in a park in New York City. As well as filling business events and meeting famous business people like Jeff Bezos and Warren Buffett.
As reported by the South China Morning Post in Jakarta, the Arnault family controls nearly half of LVMH which has grown rapidly through acquisitions under CEO Bernard Arnault. The richest man in France who has fashion labels like Louis Vuitton and also champagne and jewelry brands.

Ascended the Throne as CEO Tag Heuer

Frederic Arnault who is still 25 years old will rise as CEO of Tag Heuer on July 1. He previously worked on labels with a focus on developing digital activities. As is known, four of Bernard Arnault’s five children now occupy senior positions in the group. These include Vuitton and Rimowa baggage makers, a German baggage brand led by CEO Alexandre Arnault.

LVMH also said in a statement that Stephane Bianchi, which oversees all watch brands, would expand its authority to take over jewelry brands, except Bulgari. Other brands including Chaumet.
Quoted from the news site, last year, LVMH has agreed to buy the United States Tiffany & Co. jewelry for USD 16.2 billion. The fund is to expand its footprint in one of the fastest-growing luxury market segments.

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Forbes magazine officially revoked the name of Hollywood star Kylie Jenner from the list of young world billionaires ever given in March 2019. Forbes accused the 22-year-old woman of not providing true financial information about her cosmetics business and falsifying her billionaire status. Reported on the Forbes.com page, Forbes said that Kylie Jenner’s cosmetics business, Kylie Cosmetics, was not as successful as reported, and even had a deficit. Forbes said that Kylie and her family intentionally raised the business and success of the youngest Kardashian-Jenner family.

Kyle Gave Fake Document

“Although we cannot prove that the document is fake (although it is most likely true), it is clear that Kylie has lied,” Forbes wrote. Even sister of supermodel Kendall Jenner was said to have raised numbers and tax data when researched last year. Forbes said Kylie’s Cosmetics business income and Kylie’s assets had not reached US $ 1 billion. Kylie Cosmetics’s income is also not as big as her claim. Kylie Cosmetics is predicted to get US $ 360 million (Rp. 5.3 trillion) last year. However, based on a presentation from Coty Inc., a company that bought Kylie Cosmetics shares, the company only pocketed US $ 125 million or around Rp1.8 trillion. As much as US $ 100 million or equivalent to Rp1.5 trillion was obtained from skincare products released by Kylie in May 2019.

Thus, Forbes concluded that Kylie Jenner’s total wealth actually reached US $ 900 million. This makes Kylie not worthy of being called a young billionaire because he does not yet have assets of at least US $ 1 billion.

Kylie Cosmetics’s income is also not as big as her claim. Kylie Cosmetics is predicted to get US $ 360 million (Rp. 5.3 trillion) last year. However, based on a presentation from Coty Inc., a company that bought Kylie Cosmetics shares, the company only pocketed US $ 125 million or around Rp1.8 trillion. As much as US $ 100 million or equivalent to Rp1.5 trillion was obtained from skincare products released by Kylie in May 2019.

Kyle Does Not Reach 1 Billion

Thus, Forbes concluded that Kylie Jenner’s total wealth actually reached US $ 900 million. This makes Kylie not worthy of being called a young billionaire because he does not yet have assets of at least US $ 1 billion.

Kylie Cosmetics’s income is also not as big as her claim. Kylie Cosmetics is predicted to get US $ 360 million (Rp. 5.3 trillion) last year. However, based on a presentation from Coty Inc., a company that bought Kylie Cosmetics shares, the company only pocketed US $ 125 million or around Rp1.8 trillion. As much as US $ 100 million or equivalent to Rp1.5 trillion was obtained from skincare products released by Kylie in May 2019.

Forbes claimed to have asked for clarification from Kylie Jenner, but had not yet received an answer. Responding to Forbes’ decision, through his Twitter account, Kylie Jenner said the article released by Forbes was also inaccurate based on unproven assumptions. Quoted from the Beautinesia site, Princess of Chris Jenner was also reluctant to respond and justify how much wealth he currently has. “I never asked for any titles or intended to lie at that time,” said the mother of Stormi Webster.

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It’s not a big sin to use a credit card to pay for groceries. However, you should be wise to use it so as not to get wrapped up in credit card debt.

It’s legitimate if you use a credit card as a means of payment. Because, you can benefit when dealing with credit cards.

For example, you have the opportunity to get a 30% discount at dinner in certain restaurants. Or, you can get 0% installment facility when buying a smart phone at certain outlets

Budi Raharjo, One Shildt’s Financial Planner said that credit cards can secure your cash flow. Because, you do not need to spend when there are sudden expenses. For example, you can use it to pay for hospital bills.

However, you must remember that credit cards are debt, not additional income. So, you must pay the debt.

So here are 4 ways you have to do so that you will not get into trouble using credit card.

Pay the bill fully

The first step you must do is pay credit card bills fully. The goal, so that you do not have to bear the interest bills in the following month.

If you do not complete the debt payment on time. You will certainly lose money because you have to pay interest on the bill in the next billing month.

Do not use a credit card before the bill is paid off



The second step, you should not use a credit card if the bill has not been paid off.

That way your bills do not continue to swell in the following months.

Pay bills before the due date


The third step, you must pay the credit card bill before the due date. That way you don’t have to pay late fees.

Budi recommends that you pay your bills before the billing date so that you do not incur interest on credit card bills.

“Make sure you have enough money to pay the bills before using a credit card,” Budi said.

Diligently check and recheck the value of using a credit card




The fourth step, you should routinely check the amount of credit card usage.

Then, think about whether you can afford to pay off all bills before the due date.

If you feel the charge is too large, then you should stop dealing with the credit card.

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Investing during a pandemic is not easy. A large risk can arise at any time. The people’s economy is weakening even though stocks are still fluctuating.

The Bill & Melinda Gates Foundation Trust investing in Apple, Amazon, Alphabet, Alibaba, and Twitter in the initial quarter was worth a total of USD 450 million (around Rp 6.3 trillion). This is known based on reports from the Securities and Exchange Commission.

The largest private foundation asset manager in the world, investments worth between USD 100 million and USD 130 million. On Twitter, they dare put a figure of around USD 7 million. Not only in the four giant technology companies, this foundation also invests in other companies.

The Risk


However, the investment must be affected because of the Corona virus pandemic. Overall, the portfolio shrank by 19% to around USD 17.4 billion (Rp2,473 trillion), as FedEx, UPS, Liberty Global, Walmart, and other holdings experienced a decline in share prices.

Why Bill Gates Still In Pandemic


Bill Gates expressed his concern for the COVID-19 outbreak because of his deep experience in fighting diseases and efforts to equalize vaccinations. He himself has warned of the possibility of a pandemic since 2015 ago.

The philanthropist also said his foundation paid full attention to the COVID-19 pandemic, and had spent a lot of money developing vaccines. As quoted from Business Insider.

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The pandemic that has made millions of people get laid off from the company where they work forcing someone to work harder to survive in the midst of this crisis. Some small and medium-sized businesses have experienced a setback for having to close to cover operational costs.

Company employees who remain in a company must also follow the new rules in New Normal life after quarantine independently at home. Some companies still enforce Work From Home (WFH) for some of their employees to carry out social distancing protocols in the office. Employees who must continue to work from the office must protect themselves by implementing the New Normal lifestyle protocol that is diligent in washing their hands, wearing masks, and social distancing.

What should be prepared for the New Normal era in your work environment? Here are some things that can be your reference.

Stick With Commitment

If you don’t have the commitment to work by applying the New Normal rules, you can become a Covid-19 virus spreader. Why is that? You may have strong immunity, but your coworkers don’t. This is what you should pay attention to. Taking care of yourself in this New Normal life is the same as taking care of others.

Maintaining the ethics of communicating in working with your colleagues can be one of your assessments later if this pandemic ends. Remember your work is still supervised by your boss and the possibility of promotion is still wide open. Maintaining your commitment to work with your team will also help your company continue to run well. Maybe you say, what about my other coworkers? What if they are not committed. Change with New Normal life will give effect to everyone, including your friends.

More Creative

Quoted from Forbes, Amanda Hill is the CEO of Three Box, strategic communications, marketing, and PR agency delivering high impact for international brands said that It’s easy to get stuck in the “this is how we’ve always done it” mindset, but creativity is the key to discovering your team’s potential. Now is an opportunity to open the door for innovation. The positive side of implementing social distancing is that employees have more time to think without being distracted by living socially with fellow employees in the office.

When external events force internal shifts, creativity should get a front-row seat. Now is the time to see what resonates with your team and make long-term cultural improvements. Try hosting live chats with the CEO, holding virtual focus groups with different team members, conducting pop-up polls, or posting dedicated hours for questions or conversations said Hills.

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The current pandemic situation should have been thought of from the start when we managed our finances. At what age were you taught to save? Most parents since ancient times have taught their children to save since school age or 5 years and over when they have entered kindergarten as a saving for the future. But it turns out that in this era known as millennials, there is a very different tendency for the current generation in managing their finances.

A survey agency in the United States (US) named Gobankingrates.com conducted a survey in May 2019 about millennials in the US to find out their habits in managing finances.

One of the topics being surveyed is how much savings they have in their accounts. Gobankingrates.com found the fact that 54% of millennials aged 20-35 do not have savings of more than $ 1,000.

Many people are busy surfing for information on the internet about how to save the most effective, most quickly collect large amounts of money, and in the shortest possible time. This is clearly mistaken. Though it is not the wrong saving method, but rather the reason why we always fail. Maybe everything should go back to form a way of thinking first about the cause of our failure to save. So let’s look at three reasons we always fail to raise money to save, even when the intention has been collected.

1. Don’t Have Money to Save!

In this first point, there will appear all kinds of reasons that will always be able to be issued at this point. From things that are to blame, it is reasonable to be filial to the inability of oneself to manage their own finances. Okay try to note the first thing that is often used as an excuse is a salary that is too small, then the money that is used up to help parents, until they realize that themselves are wasteful. These things are always or often become common reasons for millennials.

Why do these things happen? Because they don’t save their income when they get their salary/income. Because they should be able to save 20-10% of the money earned to meet their savings. For those who already have dependents/debts or cannot be a reason, the amount can be reduced by saving 10% -5% to save.

After clearly saving at the beginning is not set aside at the end, savings should be millennial in Indonesia have enough savings to raise their emergency funds, or meet their needs as explained above such as buying a vehicle, buying a first home, and getting married.

Now let’s try to change the way it acts, that is by not being put aside at the end, but saving first at the beginning and then set aside for all kinds of living needs. First saving, why is that? Because of the necessities of life in the future that is uncertain makes us have to have savings, money that is ready to be used as an emergency fund. Already fulfilling our emergency funds we still have other long-term needs that have been put on the waiting list to be fulfilled.

2. The nature of Hedonism which has become a necessity of life

Who here often does not feel guilty if monthly income is always used up to visit unique/viral eating places, shopping for unique items in the marketplace to sneakers at a price of $ 300, and how to pay in installments 12 months using a credit card?

Well! because of the hedonic owned by millennials so that the habit of not recording every money spent because of the lazy habit of recording it up to too many daily small expenses like that and the nature that is like daily needs, then they do not know how much a lot of money they have spent.

Likewise with the cause of our failure to save. If we don’t know why we will always fail to save. Start recording each expense in detail. Many ways to take notes, through a blank book, through a laptop, or can with applications on our respective smartphones. The point is that there are many ways that make it easier for us to take notes, we only have the intention to improve our finances or not.

3. There Are Still Opportunities for Tomorrow!

Yes !, the motto of Y.O.L.O (You Only Live Once) becomes a favorite quote of millennials as if everything can be postponed until tomorrow because of life only once. This disparaging trait often backfires on their lives, why? Because time continues to move forward and cannot reverse. Suddenly age continues to grow and without realizing it or already aware, when their eyes are open they still do not have a home, have not prepared for future. So stop spending money without any purpose.

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When returning to your workplace after working from home during quarantine at home, life at your workplace will never be the same again. During this pandemic, we will live the New Normal life until the epidemic ends in total, at least there is already a drug or vaccine for the Sars-Cov-2 virus.

Every country in the world has slowly opened the lockdown but with a health protocol that must still be followed to prevent transmission of the Corona virus. This also applies in the workplace or offices. The following are some types of changes in New Normal Life at work or offices.

Bring Your Own Food

This does not mean you cannot eat in an office canteen or restaurant that is open near your office. But there will be strict protocols, such as social distancing, there is a maximum of people in the canteen or restaurant. This also means you bring your own cutlery because you certainly will not want to share cutlery with other people during this pandemic, right?

To avoid sharing cutlery and those who sneeze in front of you while you eat, bring your own food is the best choice in this New Normal period. You don’t need to share your cutlery with other people and of course you know the cooking process from lunch that you bring yourself from your home. You are also more efficient if you bring your own lunch from home.

Online Meeting

In the New Normal era as a result of this pandemic, holding meetings online will become common and normal. Until the situation is considered safe, even meetings can be conducted via video call even though the workers have entered the office. Online meetings will become a ‘new normal’ that needs to be familiarized with.

More Individuals

Even though the lockdown has been opened, the isolation period may continue on a smaller scale. At least everyone is asked not to gather, go to crowded places on a large scale or share things until the virus has completely died down. In any office, workers will be asked to bring their own cutlery and even write. If you previously could have lunch with your office friend or joke around during breaks, it might be different in this New Normal application. You might still be able to socialize with your colleagues but within a safe distance and it might be more comfortable if you do it online through social media only.

Hand Wash and Hand Sanitizer

If you washed your hands only when you went to the bathroom, now you may do it more often while in the office. You and your colleagues will be more diligent in cleaning your office desk even though there is a cleaning service in your office. Hand sanitizer will also be a mandatory item in your current briefcase. Some countries have even made hand sanitizer machines without touch to make them more hygienic.

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After months quarantine at home, everything becomes slower. Spending priorities only range from 4 important things, food, hygiene kits, medicine and supplements, transportation. Everything revolves around survival during quarantine at home.Some folks will be getting out of quarantine faster than others, but most states have already reopened or plan to start lifting some of those restrictions put in place to stop the spread of COVID-19 in the U.S. Now what should you do after this quarantine period is over. You need to know that in order to re-arrange your financial life after ‘sleeping’ for weeks.

Here we adapt from Dave Ramsey’s blog, American radio show host, author and businessman, how to restructure your finances after quarantine ends.

1. Reassess your current situation.

When this crisis began, you might have gone into “survival mode” and focused on taking care of the Four Walls—that’s food, utilities, shelter, and transportation—and nothing else. You canceled your Netflix account, told the credit card companies to wait their turn, and called off that vacation you had on the books for months. It was tough, but you did what you had to do! And now as the quarantine winds down, it’s time to take a step back and look at your current situation with a fresh pair of eyes. That way, you can make decisions that make sense for your situation!

Are you still out of work, or feel like your income isn’t very stable? Then you might need to stick with the Four Walls for a little longer—at least until you can get your income situation sorted out.

But if you still have your job (or got a new one) and feel like you’re in a secure situation, it might be time to start attacking your financial goals again—whether that’s getting out of debt or saving for a down payment on a house.

2. Revisit your monthly budget.

Working from your living room with nowhere else to go, you probably went weeks without having to fill up on gas. On the flip side, you probably spent more on toilet paper and hand sanitizer in the last two months than you have in your entire life!  

Now as things slowly shift back to “normal,” whatever that looks like, you might need to start adjusting your budget back to where it was pre-coronavirus as you start driving more and getting back into the swing of things.

But maybe this quarantine has helped you realize that some things shouldn’t go back to normal. Maybe all those banana bread recipes you baked during the quarantine have inspired you to avoid eating out as much as you did before. The point is that you have a chance to pick and choose what comes back into your monthly budget and what stays out—don’t waste it! 

3. Get back on the Baby Steps.

No matter where you were on the Baby Steps when things shut down, you probably needed some time to pause as you navigated through life in the land of COVID-19. If you’ve been chomping at the bit to get back to attacking your debt snowball with gazelle intensity or saving for retirement again, now might be the time to get on it—especially if you still have your job and feel like your income is stable, better you to try 7 baby steps again. You can read it fully on Dave Ramsey website.

4. Make a plan for action items you put off.

Maybe you had plans to put new tires on your car, take your kids to the dentist or install a new HVAC system earlier this year. But then the pandemic happened and, all of a sudden, those things on your to-do list couldn’t get crossed off just yet. But as businesses start opening up again with social distancing measures in place, you might be thinking about pulling the trigger on some of those action items you’ve been putting off. Just make sure you have them accounted for in the post-quarantine budget.

5. Keep a lot of cash on hand (just in case).

If there’s one thing the pandemic has taught us, it’s that we need to be prepared for whatever life throws our way. Today, it’s a global pandemic. Tomorrow, it might be an invasion of murder hornets (look it up).

6. Check in with your financial advisor.

With emotions running high on social media and even within your own circle of family and friends, it can be hard not to get swept up in a tidal wave of fear and panic. And when you’re freaked out, that’s when you’re most likely to make some terrible financial mistakes that could set you back big time—like cashing out your 401(k) or racking up credit card debt. That’s why it’s so important to have a financial advisor you can turn to for guidance, someone who can help you take a step back and look at the big picture.

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