Happy And Succeeding: For Those Who Have Blind Ambition To Achieve Great Things
You Need More Than $2.2 Million To Be Considered Rich In The U.S.—But Some Say ‘Well-Being’ Is The Most Important Measure Of Wealth, Study Finds
Americans need at least $2.2 million in assets to be considered rich, according to Charles Schwab’s 2023 Modern Wealth Survey. The investment platform surveyed 1,000 Americans to determine the average net worth required to be considered wealthy in America. Nearly half of the respondents said they feel wealthy, with an average net worth of around $560,000. Feeling wealthy was most common amongst Millennials and Gen-Z, with 57% and 46% reporting that they feel rich, compared to just 41% of Gen-X and 40% of Baby Boomers.
Fed and SEC Probe Goldman Sachs’ Actions in SVB’s Last Days
Federal officials are reportedly probing Goldman Sachs’ involvement in the final days of Silicon Valley Bank. The Wall Street Journal reported that the Federal Reserve and the Securities and Exchange Commission are investigating the banking giant’s role in acquiring Silicon Valley Bank’s securities portfolio while also working on raising capital for the lender before its collapse.
Can You Be Productive Working Only 45% Of The Day?
If you were to look closely and dissect productivity levels throughout the eight-hour workday, you would uncover the corporate facade that workers appear busy, but are not actually doing meaningful work for eight consecutive hours. In a recent Blind poll, nearly 45% of tech workers said they spend four hours or fewer on “focused work”—uninterrupted time spent in a flow state, concentrating on high-priority tasks. Twenty-five percent of respondents said they worked eight hours or more per day. Some professionals said mental strain diminishes their output, while others said low-value tasks, like administrative work, meetings and other menial activities, detract from their productivity.
The Blind Ambition Podcast
The Blind Ambition with Jack Kelly provides a candid look into the top companies in business and tech. Go behind the scenes with industry and workplace leaders and explore work culture, what it takes to land a role at these companies, and how to build, scale and thrive in your career. Hosted by Jack Kelly and Rick Chen and presented by the professional social network Blind.
You’re Not Imagining It—Job Hunting Is Getting Worse
There was a time, not too long ago, when employers were in such a rush to hire workers that they were doing anything they could to make it easier for people to apply. That time has passed. Job hunting was becoming more miserable even before the pandemic, as the amount of time companies took to hire stretched out and as they asked candidates to undergo more and more interviews. Labor shortages during the pandemic gave a temporary reprieve, but now, as fears about a recession grow, companies are going back to their old habits of putting candidates through a grueling process.
How To Improve Your Work-Life Balance
Creating a work-life balance is critical to preventing physical and mental health issues. Dealing with unrelenting chronic stress, pressure and overwork leads to burnout, fatigue, anxiety, depression and other health-related problems. Taking time away from the office and engaging in personal activities, rest and relaxation will help your overall well-being. A balanced approach to work and life enhances productivity and performance. When you have adequate time for rest and recreation, you can return to work refreshed and energized, leading to increased focus, creativity and efficiency.
Binance.US Lays Off Staff in Compliance and Legal Departments Amid SEC Lawsuit
There is another incident that has shaken the crypto market: Binance.US layoffs. Reuters reports that the exchange is cutting costs as it is preparing for expensive litigation with the United States Securities and Exchange Commission. The Binance.US layoffs follow the SEC lawsuit that was filed last week, which alleged that the exchange violated securities laws. Two individuals with knowledge of the matter confided in Reuters. No official statement has been made.
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Robinhood Crypto Trading Volumes Drop 68% Amid Regulatory Pressures
Robinhood, a crypto and stocks trading platform, has not escaped the biting crypto winter that has been ravaging the space. In a new announcement, the company has revealed a significant decline in its trading volumes as regulatory pressure mounts on crypto firms. In its operating data report for May released on Monday, Robinhood revealed that its trading volume had suffered tremendous setbacks on both a monthly and yearly basis. The trading app said that its crypto trading volume declined in the month of May by 43% to only $2.1 billion recorded for the month.
How To Stand Out And Win The Job Interview
Heading into a job interview is an important and stressful event. Even if you are the best at what you do, you cannot waltz into an interview without being prepared. To succeed in the interview, you must research the company, search for the interviewers on LinkedIn, thoroughly read the job description to ensure you understand the requirements and update your LinkedIn profile. You’ll also need to master the art of small talk to make an excellent first impression and pay attention to the message you’re signaling with your body language.
Helicopter Parents Are Meddling In Their Young Adult Children’s Work Lives
With the ascendancy of remote work, parents have closer proximity and greater access to pry into their adult children’s work lives. While the trend of “helicopter parenting” is nothing new, it is gaining traction, according to the Wall Street Journal. It runs the gamut from acting like Cyrano de Bergerac, whispering what to say in a Zoom interview, arguing with a manager because of the treatment of their adult child in the workplace, to weighing in on job offers and salary negotiations for their professional offspring.
Career Coaching
As the CEO, founder, and executive recruiter at one of the oldest and largest global search firms in his area of expertise, Jack Kelly has diligently worked placing top-tier professionals for the last 20 years. As a proponent of career growth, Jack is thrilled to have the opportunity to personally share career-advancing advice with you in an honest, straightforward, no-nonsense manner. As your career coach, Jack will help you with every aspect of your job search or career growth plan, offering real support and professional guidance.
Book Jack Kelly As Your Next Keynote/Guest Speaker
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Media Inquiry
Jack Kelly is available to discuss a broad range of topics, including, but not limited to: the job market, the state of recruiting, trending news stories and career advice. He has appeared on CNBC, MSNBC, NBC, FOX, CBS, BBC and NPR. Jack has been quoted in the the Wall Street Journal, Washington Post, Economist, INC., New York Post and more.
About Jack Kelly
Jack Kelly is the CEO, founder, and executive recruiter at one of the oldest and largest global search firms in his area of expertise. He has personally placed thousands of professionals with top-tier companies over the last 20-plus years. Jack is passionate about advocating for job seekers. In doing so, he founded a start-up company, WeCruitr, at the beginning of the Covid-19 pandemic. The mission of WeCruitr is to help people in need and make the job search more humane and enjoyable. As a proponent of career growth, Jack shares his insider interviewing tips and career advancement secrets as a Senior Contributor for Forbes. He also covers timely topics related to corporations, high-profile people, Wall Street, politics and other important matters. The pieces offer insight into the news and how it may impact your career. Jack is the author of Happy and Succeeding in Your Job Search and How To Get A Job In Tough Times, as well as the host of Happy And Succeeding In The Future Of Work and cohost of the Blind Ambition podcast.