The nominations were made public for Padma Awards 2017 which saw a whopping 18,000 nominations sent to Home Ministry panel.’Unsung Heroes’ have been the theme of this year’s Padma Award. And 15 such heroes — from young to old — were announced.Besides Unsung Heroes, sport stars like Virat Kohli, Sakshi Malik and Dipa Karmakar who have made India proud, also made it to the list.Apparently enough, Bollywood film stars were seen kept out of the Padma list. However, singers Kailash Kher and Anuradha Paudwal made it to the list.Capital’s hold over the list also seemed loose since only 5 people from Delhi made their way to the list. Compared to UPA regime, 24 from Delhi were honoured during their 2005-2014.Talking about politics, only four politicians made it to the list. NCP Chief Sharad Pawar, BJP leader Murli Manohar Joshi, former CM of Meghalaya PA Sangma, and former CM of Madhya Pradesh Sundar Lal Patwa, were on the list. All four have gotten Padma Vibhushan.Three NRI have got Padma Award are presently in the US. This includes Anant Aggarwal who is a Harvard student. He is selected for Padmashri in literature and education. Other two are Imrat Khan selected for art and music, and HR Shah selected for journalism.One 61-year-old princess — Her Royal Highness Maha Chakri Sirindhorn — from Thailand also made it to the list. A Sanskrit scholar who propagated the language across the world. Another Nepalese citizen Anuradha Koirala also got Padmashri for social service.With names from various circles, the wide variety has ensured the distribution of the award countrywide with maximum number of people from social service.advertisement
His ability as a finisher has come under scanner but Mahendra Singh Dhoni’s century against Chattisgarh in the Vijay Hazare Trophy has made rival captain Mohammad Kaif believe that he could have still continued playing all three formats.”He has natural abilities which you saw today. I believe he is still good enough for all formats of the game. He is still hitting the ball hard,” the Chhattisgarh skipper said after Dhoni led Jharkhand to a 78-run win.Dhoni retired from Test cricket in December 2014 to prolong his limited-overs career. The 35-year-old wicketkeeper-batsman, who wants to play the 2019 World Cup in England, recently relinquished India’s limited-overs captaincy.”I have been watching Dhoni from his debut match for and always felt you cannot become a ‘Dhoni’ just by practice,” the former India batsman said.Dhoni’s 17th List A century, first for Jharkhand, came a day after he made a 50-ball 43 in a losing cause against Karnataka in their group D opening fixture.On Sunday, he also rescued the side after being 57/6 in the 20th over as his century lifted their total of 243/9 before Jharkhand skittled out Chhattisgarh for 165 in 38.4 overs.”We would have bundled them for 120 if Dhoni was not there,” Kaif added.
Bradley Cooper and Irina Shayk welcomed their first child two weeks ago, according to a report in People. The couple, who have been dating for the last two years, did not reveal the baby’s name or sex.A source confirmed to the publication that Irina was pregnant in November, after she appeared to sport a baby bump while walking the runway at the 2016 Victoria’s Secret Fashion Show.Irina had earlier told HELLO! magazine, “My father was married to my mother for more than 20 years and, yes, definitely one day I want to have a family because that is the most important thing on this earth.” She added, “I don’t think there is a perfect time. I think it’s more important to have the right person by your side.”Congratulations to the gorgeous couple!ALSO READ: Bradley Cooper says he shares a platonic relationship with Jennifer Lawrence ALSO WATCH: Saif and Kareena become proud parents to a baby boy, Taimur Ali Khan Pataudi
The Chronicle of Philanthropy pointed me to this terrific video to inspire text giving for the homeless.
1. Define and live what makes you unique: Come up with a short list of ways you are different from any other organization in ways that matter to your constituencies. Try to live that difference in all of your work, including your marketing and communications. 2. Put the people (or animals or trees) that you help at the center of all you do: In a huge photo on your home page, as the voice of your communications, as the heart of your marketing, connecting to the soul of your audience.3. Come up with a way to dazzle your donors: Service stinks in 2011. Think like a donor and ask yourself what you would be the most amazing experience you could imagine if you gave to a charity. Then try to do a little of that yourself. even a bit of it will be dazzling, because so much of donor acknowledgment is unimaginative and just plain bad.4. Work like you have to meet your year-end goals tomorrow. It makes you take bigger risks, spend your time more wisely and think more creatively.
A blog reader sent me the following letter this week. I agreed to protect the source, so I’m not sharing names. Development directors: look how important your job is – and how critical execution proves to be! Talk about penny wise, pound foolish…Katya,You often stress the importance of timely thank you’s, and as a donor, I can say that I really do notice how quickly I get an acknowledgement for a donation. If it doesn’t come quickly, I get annoyed. On two occasions, with two different organizations, I’ve actually followed up to find out why I hadn’t received anything in the mail to acknowledge my gift. On the first occasion, after giving a reasonably large donation to an annual fund and not hearing back for about three weeks, I spoke with the development director to make sure he’d actually received and processed my donation. He seemed quite surprised, as he remembered writing me an immediate and enthusiastic thank you letter. He called me back the next day to tell me that he’d looked into it, and discovered that someone in the mailroom had been holding all his letters until there were enough to do a bulk mailing!On the second occasion, just this week, I followed up with an organization to which I had committed a capital campaign gift in a phone conversation several weeks prior. I mentioned that I hadn’t received anything in the mail, such as a pledge form or letter of intent to make my commitment binding (let alone a thank you). It turned out that development officer had also written me a letter immediately to be sent with a pledge form, but again, the person who was actually responsible for getting things into the mail was holding the letter until some other materials that were going to be sent to me were ready–so I still haven’t received it, five weeks later.In both instances, the development person did the right thing–immediate and enthusiastic thanks. In both instances, someone on their staff made the decision to save a stamp. A good process derailed, and goodwill and hundreds, if not thousands, of dollars in future donations potentially jeopardized–all for the price of a first-class stamp.-Anonymous readerThis letter is important! And I’ve had the same experience often – only like most donors, I didn’t bother calling the fundraiser.Dear fundraisers, you may think you are doing everything right – but you never know what small, broken process behind the scenes is undermining your best efforts. Take heed – and make sure your donors are really getting the prompt thanks they deserve.
The Science of Generosity has shared some interesting new research from Harvard that says our gut instinct is to be generous. The first instinct of humans is to contribute to the greater good at their own expense. It’s only when we stop and reflect that we become greedy.According the Boston Globe, which covered the research originally published in Nature, “The research lays bare a sort of tug-of-war that takes place in our minds between two cognitive systems: one that is quick and intuitive and spurs us to cooperate, and another that is slower, rational, and leads us to act self-interested.”Researcher David Rand said people participating in a series of experiments were most generous when making snap decisions about how much to give or when they were asked beforehand to remember times when emotion had guided them to a good decision.When people were given more time to think – and to reflect on times when emotional decisions weren’t good ones – they gave less.This is just the latest research which shows the more you make people think, the less they give.In fact, researchers have tried to figure out if you can strip emotion and parochialism from donation decision making and get people to think more objectively. Michaela Huber, Leaf Van Boven and Peter McGraw have looked into whether you can get people to stop being ruled by impulse and stop identifying with individual victims. After all, many people say they want to be objective and focus their help on the severity of suffering rather than emotional reactions. But can they? The researchers tried a bunch of things to shift giving from the heart to the head, including a “cooling off” period before donors give and asking people to be more mindful of the influence of their personal beliefs. None had earth-shattering results – and these acts tended to lower giving.As researcher Daniel Oppenheimer has told me before: “Crafting solicitations that appeal to human psychology can feel manipulative at times, which is why it’s important to remember people really do want to give. They like giving; it makes them happy; it provides meaning. When we help people give, we’re not just assisting charities and the causes that receive the money– we’re also helping the donors.”So ask people to help. And make it snappy!
You can visit Giving USA for a free summary, or to purchase the full data set and reports.How do these stats line up with your own fundraising results? Chime in below and let us know how you use reports like Giving USA and what other data you’d like to see . The latest Giving USA report was released today, showing that total U.S. charitable giving increased for the fourth consecutive year in 2013. Overall giving grew 4.4% last year to an estimated $335.17 billion, with donations from individuals driving much of the growth that sees giving inching closer to pre-recession levels. Some highlights: Giving by individuals increased by 4.2%, while corporate giving declined by 1.9%.Individual giving made up 72% of total contributions in 2013.Donations to faith-based organizations were the biggest chunk of overall giving (31%) when segmented by organization type, although gifts to this segment were flat compared to 2012.
There’s much more to learn in the full report, and I recommend that you download it now. Wherever your organization currently sits on the good, bad, and ugly continuum, there’s always room to do donor communications better.With refreshing practicality, Nancy Schwartz rolls up her sleeves to help nonprofits develop and implement strategies to build the strong relationships that inspire key supporters to action. She shares her deep nonprofit marketing insights—and passion—through consulting, speaking, and her popular blog and e-news at GettingAttention.org. Donor communications that connect—that appreciate, energize, and activate your prospects and donors—are the key to fundraising success. But you already know that.What you may not know, however, is that few organizations do donor communications well. Most have lots of room to improve, as evidenced by the focus on donor communications in conference agendas, e-newsletters, blog content in the field, Facebook chats, Twitter discussions, and more. If that’s your organization, you’re not alone!Now, with the release of Integrated Fundraising: The Good, the Bad, and the Ugly, by Mal Warwick/DonorDigital, we have proof of the ways most donor communications fail and the impact of those failures. If you’ve asked for resources to strengthen donor communications and have been turned down or just haven’t found the time to tackle them, this is the kick in the pants you need. These striking findings come from a six-month study of donor communications—both online and offline—from 16 large nonprofits, following online contributions to each organization. Since “multichannel donors are more loyal than single-channel donors,” researchers focused on how much and how well outreach is coordinated across channels for a consistent, recognizable, and satisfying donor experience.What I love about this report is that the researchers share what’s good, bad, and ugly in multiple dimensions so we get an idea of what’s working well (that is, what to strive for and what’s happening in organizations you’re competing with for donor dollars), as well as what’s not. Take a look at these findings:Thank you letters—a reliable cultivation tactic—arrive way too late or not at all. The quickest thank you letter, sent via USPS, arrived in 12 days. The slowest took 28 days. Eight organizations didn’t mail a thank you at all.Most donor communications content is inconsistent—in tone, message, and or/graphics—across channels, so it’s more likely to confuse and annoy recipients than to strengthen loyalty or motivate them to give. Most organizations do reach out to donors via multiple channels.Follow-up appeals via direct mail are frequently implemented, but that second ask can come months after the initial online gift, diminishing its success rate.Sustainer programs (aka monthly giving) provide a strong base of revenue, especially during economic dips, and “new online donors are highly responsive to monthly giving recruitment.” But only one organization integrated its monthly giving ask into mail and email, whereas four didn’t make monthly giving asks at all.
As Network For Good University continues, we’re moving onto an important course: donor retention. Acquiring new donors is a top priority for many nonprofits. From sending appeals to hosting events, the ongoing goal is to get more people caring about and giving to your organization. But when it comes to donor retention, many nonprofits aren’t equally focused here.A good donor retention strategy starts with foundational knowledge about why donors give again, who your donors are, and a stewardship program that encourages repeat donations. Most organizations are also leveraging some sort of donor management technology to stay ahead of the curve.So, how solid is your donor retention knowledge? Take this short quiz to see if you’re an ‘A’ student in donor retention, or if you’re in “retention detention.”
The content of your messages isn’t the only way to tailor your communications to each donor. You can also customize the way you communicate and the methods you use. The more you tailor your communication, the more you supporters will welcome your messages.Honing Your Style and ToneThe style of your communications will remain constant, since it reflects the personality of your organization’s brand. A conversational style lets supporters know that your nonprofit is approachable.The tone of your communications will change, however, based on the nature of the contact. Some communications require a more serious and formal tone by nature (annual reports), while others are more lighthearted (project updates). The style will always be recognizable as yours, but the tone of voice will vary.Modes of CommunicationOne of the most effective ways to increase donor engagement is to customize your methods of communication. Tailoring modes to your donors’ preferences and type (first-time, regular, monthly, or major donors) will mean they’re more likely to read and respond.Direct MailMailed communications can be a tangible keepsake. Donors who like to get snail mail will especially appreciate being able to keep letters you’ve sent them. These communications will serve as a reminder of your organization and the work you’re accomplishing together.EmailEmail allows you to contact donors quickly, and it’s the perfect format for including images of your team, projects, and community members. Most donors appreciate regular emails that update them on the progress of projects and programs they care about.Social MediaSocial media is the fastest-growing phenomenon of the modern age, and many donors expect to see their favorite organizations being active on social channels. Find out which platforms are most popular with your donors and post regularly, so you can be where they are.PhonePhone calls are special since not many people place calls these days. A phone call demonstrates a commitment to a conversation. You’re investing time to talk. Hearing directly from you, a board member, or one of your team members lets your donors know how much you truly value them and their contributions.In-PersonIn-person visits like office drop-ins or lunch invitations are a meaningful way to thank major donors, and they’re a powerful way to build relationships. Nothing says “You are a part of the team” quite as effectively as a visit with a board or staff member. Also consider an open house or other casual in-person event for all donors (regardless of giving level) to meet and mingle with you and your team.When donors see that you’re trying to communicate with them in ways they find convenient and meaningful, they understand how much you appreciate and value them. Find the perfect match between your organization’s capabilities and your donors’ communication preferences to build an effective, tailored communication strategy.Learn more about how to create customized donor communications that increase engagement by downloading Donor Communication Isn’t One-Size-Fits-All.Read more on The Nonprofit Blog
Eddie Newton has urged Chelsea to show stability and keep faith with Maurizio Sarri, insisting that he isn’t doing a bad job and that “people get carried away” with their criticisms of the Italian.The Blues’ form spiralled over the winter period and high-profile away league defeats to the likes of Arsenal, Bournemouth and Manchester City left Sarri’s long-term future in west London in doubt.As revealed by Goal, the former Napoli boss was given three games to save his job, with a 2-0 win over Spurs, coupled with their qualification for the Europa League last 16, helping to keep Sarri at Stamford Bridge. Article continues below Editors’ Picks Man Utd ready to spend big on Sancho and Haaland in January Who is Marcus Thuram? Lilian’s son who is top of the Bundesliga with Borussia Monchengladbach Brazil, beware! Messi and Argentina out for revenge after Copa controversy Best player in MLS? Zlatan wasn’t even the best player in LA! The pressure is still on the Italian, however, and with the show of defiance from Kepa Arrizabalaga in refusing to be substituted in the Carabao Cup final, Sarri’s position still seems uncertain.With the Blues preparing for an away trip to Fulham on Sunday, Newton joked that his name should be in the mix for the caretaker role, should it become available, but he believes that the current boss deserves more time.”It should be,” Newton told Goal with a laugh, as he spoke of his name being included among those who could take over. “I have a lot of experience at first-team level. I have been there before and seen it before, so my name always gets thrown in the mix when managers are a little bit under pressure, so it is normal.”I cannot comment on that because I am not sitting on the board and making those decisions. But it will help him with the fans [to beat Tottenham]. Spurs are a big rival and beating them is a big thing. Not just winning but the connotations of halting their drive to the title and maybe propelling us forward.“I know it is well-documented our club turn over managers quite regularly. But the simple fact is I think Sarri will get more time. I think the last two performances especially show he is adaptable because we were a lot more structured and compact and harder to beat.“It shows we are going in a different direction and I think that helps a lot and will secure the fans. Hopefully, the fans saw the last two performances and got a little bit of confidence even though we lost one.”You are at a top club, and you expect criticism when things are not going so well. When you are within the club, you know you are doing a good job. Most people won’t see that unless they are in the club on a day-to-day basis.”As long as you know your systems are correct, you are trying to do the right things, and you are moving in the right direction then you have to believe in yourself. Sarri has come out and said, at this point in his first season ‘I got more points than Pep Guardiola, but he is not getting criticism like I am’.”It is true. Sometimes people get carried away with circumstances and so on. People have got to pull back and realise that he is not doing so bad.”Newton’s work can go unnoticed, but he is highly respected at Cobham Training Ground, as he provides feedback and analysis to Chelsea’s loan group.This comes after spells with the first team where he worked alongside both Guus Hiddink and Roberto Di Matteo, as well as taking a few first-team training sessions this summer, between Antonio Conte and Sarri’s roles as head coach.With the Blues facing a ban over two transfer windows, a decision that they have confirmed they will appeal, Newton now expects the loan system to be altered, but has defended the club’s model in shipping out numerous players on temporary deals.”It will get tweaked,” he added. “At the end of the day, FIFA are looking at it and saying that ‘maybe some clubs are using the loan system in not the right way’, but with FFP and the way clubs are trying to manage the resources at their club, being in the business model of what they are being asked to do, the loan system has to be there.“It is a way of looking after the players if they are not in our first team or too good for our Under-23s, not just to get rid of them. We would get hammered if we just got rid of all these players [after they graduate from the academy].”We are still trying to look after them, find solutions for them and make sure that they play at a high level. Most of our players are at a high level all around the world. We have players in Serie A, La Liga, Bundesliga, Ligue 1, Championship and Premier League.”So, they are all over the world but playing at a very high level. That’s because of the exhaustive work that goes on behind the scenes to help them with their career. So, whether they go elsewhere or come back to us, they are better for it.”FIFA has to understand that, because of the resources in football, players are staying at clubs for longer because we can afford to. We have got to try and find solutions to that, and I think it is a good way, not just to get rid of players like in the old days.”Not because it was against the club’s [interest] but because we didn’t have the financial resources to keep them and wait for them to get better. You had to act now; you either had to stay and be good enough or get told to leave.“Football is different nowadays. We can sustain and keep them on contracts for longer, so we need to find solutions.”Newton picked out some success stories that he has been keeping tabs on as the club’s loan coach, with many of them still hoping to be deemed good enough for Sarri’s first team.”I think it has been one of our most successful seasons. We have got the boys in the Championship,” Newton added. “They are all playing really well. Fikayo Tomori and Mason Mount, notably at Derby County. We have many boys in the Championship doing really well.”Ola Aina at Torino is doing really well this season, and I am really pleased for him. Kenneth Omeruo at Leganes in La Liga, a lot of people had doubted him but he has gone into one of the strongest leagues and he is standing strong. We are ecstatic with it.”I think one of the most stand-outs for us is Kurt Zouma at Everton. To be a loanee in the Premier League and compete with someone that they bought in the same position and keep him out of the team stands testament to how well he has done this season. He is having a really strong season.” Check out Goal’s Premier League 2019-20 fantasy football podcast for game tips, debate and rivalries.
From coast to coast, freelancers are revolting against corporate culture by purchasing goods & services from local, community-driven, independent businesses.As Sara Horowitz pointed out, “We’ve stopped looking for more. We just want enough. And better.”People are buying bikes from nonprofit, volunteer-run bike shops, getting their merchandise printed at screenprinting cooperatives, making copies and prints at collective print shops, and even entrusting their children to child care cooperatives.Do you purchase any specific goods and/or services from any nearby independent cooperatives, collectives, or freelancer-owned businesses? If so, be sure to put it on our Quiet Revolution map!Here are a few of the innovative organizations that have been tagged on our map:Beyond Care Cooperative: If you’re a freelance parent, we hope that you have the luxury of working from home and taking care of your child. The unfortunate reality is that most parents don’t work from home. This childcare cooperative based out of Brooklyn, NY not only provides quality childcare services, they provide living wage jobs in a safe and healthy work environment, all while providing educational opportunities for their members.Artists Screenprinting Cooperative: Isolation is not very conducive to creativity. With this in mind, a group of artists got together in Austin, TX got together to form the Artists Screenprinting Cooperative (ASPCO). ASPCO is a nonprofit cooperative business that provides a common workspace and studio for members to work on their own and collaborate with others. Non-members are also welcome to get in touch with them for screenprinting services. Need something printed for your freelance business? Why not support your fellow independent workers?Bike Farm: Need a bike? Why not drop by this nonprofit, volunteer-run bike shop in Portland? Not only can you get a bike, but you can learn everything there is to know about the art of bike maintenance. Their mission is to provide a space where community members can go to learn about the bicycle. They’re building community around the promotion of sustainable transportation.ABC Bookkeeping Cooperative: T-shirts, children, and bikes are all fun in their own ways, right? You know what isn’t fun? Dealing with finances! Lucky for you, if you live in Brooklyn, there’s a cooperative organization that exists specifically for the purpose of taking care of day-to-day bookkeeping and HR consulting for nonprofits, freelancers, worker co-ops, and community-based independent businesses. They also provide training in both bookkeeping and cooperative development.What cooperative, collective, or freelance-owned businesses do you purchase your goods and services from? Are they on our Quiet Revolution Map? If not, be sure to map them so that other freelancers in your area know where to go!
You’re your own boss, which means you need to get your #1 employee set up for retirement.Unfortunately, many freelancers don’t save. They assume it’s too complicated or they think they don’t have enough money to put aside. But if you’re interested in making the most of what you earn, a retirement plan is a much smarter way to plan ahead than saving money in the bank — and you even save on your taxes (which I know all freelancers need!).Here’s some basic information to help get you started on the path to your golden years.What kind of plan is best?There are a couple of retirement plan options for self-employed people. It’s best to do your own research since the best plan for you depends on your income and flexibility.Here are some key things to watch for when you compare plans:What are the plan’s administrative fees and expenses?What tax benefits will I get?What is the cap on how much I can contribute per year?Will I have to do a lot of administrative work? (Paperwork, hiring actuaries, etc.)Will I be required to make a yearly contribution, or can I contribute whenever?Can I borrow money from my plan?SEP IRA –Easy to set up.You can contribute up to 25% of your income (with a maximum of $52,000.)You can’t take loans from a SEP IRA.Simple IRA –Easy to set up.Not a good option if you want to save a lot, as the annual contribution limit is $12,000.You can’t take loans from a Simple IRA.Individual 401(k) –Depending on your income, it may allow for higher contributions than a SEP or Simple IRA; you can contribute up to $17,500 plus 20% of your net self-employment income (for a maximum of up to $51,000).May involve more administrative responsibilities if you set it up yourself. For an easier option, check out Freelancers Union’s 401(k) on our National Benefits Platform.Flexible; you will likely be able to take out a loan from your 401(k).You may have the option of a Roth 401(k), which means you can pay taxes at deposit instead of at withdrawal.Keogh –Requires much more paperwork, you will likely need professional help.Only applicable to self-employed individuals who own an unincorporated business.If you are a very high income freelancer, it may be worthwhile as it allows for greater annual contributions than other types of retirement plans.Visit IRS.gov for the most current contribution limits and regulations. If you are over 50, you may be able to make larger contributions to “catch-up” for retirement.There may be tax implications or advantages depending on if you are a sole proprietor, LLC, C-corp, S-corp, or if you pay yourself as a W2 employee. To choose the best plan for yourself, make sure you do your homework. Talk to an accountant. Read some books. Peruse financial websites.Investment 101Small cap. Large cap. Fixed-income funds. REITs. Um… What??It’s confusing, I know. What you need to know about investing your funds is that it’s all about risk. Some funds have a higher risk, and the potential to yield higher rates of return. Other funds are safer.After you set up your retirement account and start contributing, you’ll be asked about which funds you want to invest in. Normally the person helping you set up your plan will help guide you to choosing an appropriate level of risk. Generally speaking, the closer you are to retirement, the less risky you want your funds to be.For more complete guides to investments and choosing a retirement plan, check out:CNN MoneyForbesDaily FinanceAARPHow much should I save?This part is fun – because you can use online calculators! – and terrifying, because we should probably all be saving more. Here’s a handy retirement calculator to try.If you can’t manage a big chunk of change each month because you have episodic income, you should look for a flexible retirement option that allows you to make deposits when you’re able (or automatically contribute an amount every month).Investment experts recommend putting aside 10% of your pay for retirement. However, remember that it’s always better to start saving tiny amounts now than to wait until you “have money” to open a retirement plan.Find a savings strategy that’s simpleConfused yet? There’s a lot to take in, but don’t be intimidated. As long as you set up a plan and regularly make contributions, you’ll be much better off when it comes time for your retirement.To make the process a little easier, we created Freelancers Union Retirement Plan, a 401(k) plan with easy investment options and no administrative fees. To check it out and see other specially-curated benefits for freelancers, visit our National Benefits Platform.
Believe it or not, freelancers retire too! Time to start saving for your golden years. (Yes, it’s possible.)Here’s a comprehensive look at the ins and outs of saving for retirement — from the people who know freelancers best. Freelancers Union is the nation’s largest non-profit representing the independent workforce.We’ve been advocating for freelance workers for nineteen years and helping freelancers get benefits for over ten of them. We also offer the nation’s only 401(k) specifically for freelancers.Retirement is so far away! Why do I need to think about it now?It’s never too early to start! Whether you begin big or small, saving prepares you for a secure future.Unfortunately, many freelancers don’t save for retirement, thinking it’s too complicated or that they don’t have enough money to put aside. But if you’re interested in making the most of what you earn, a retirement plan is a much smarter way to plan ahead than saving money in the bank — and you even save on your taxes!What are the options?Self-employed people have a lot of options when it comes to retirement. Here are the main types of plans you’ll encounter as an independent worker:SEP IRASimple IRAIndividual 401(k)KeoghEssentially, what happens when you save for retirement is that you set aside money before taxes, and it’s put into an account you don’t access until — you guessed it — you retire. Then, when you take it out, it does get taxed. But in the meantime, you’ll save on taxes, and your money in the plan will also accumulate value, depending on how you choose to invest it.The different kinds of retirement plans will differ by how much you can contribute, what kind of contribution it requires, and whether you can take a loan from yourself or not. Also, some plans will have more paperwork than others, and might even require hiring an accountant.What do the different plans do?SEP IRA –Easy to set up.You can contribute up to 25% of your income (with an annual maximum of $52,000.)You can’t take loans from a SEP IRA.Simple IRA –Easy to set up.Not a good option if you want to save a lot, as the annual contribution limit is $12,000.You can’t take loans from a Simple IRA.Individual 401(k) –Depending on your income, it may allow for higher contributions than a SEP or Simple IRA; you can contribute up to $17,500 plus 20% of your net self-employment income (for a maximum of up to $51,000).May involve more administrative responsibilities if you set it up yourself. For an easier option, check out Freelancers Union’s 401(k) on our National Benefits Platform.Flexible; you will likely be able to take out a loan from your 401(k) for an eligible reason.You may have the option of a Roth 401(k), which means you can pay taxes at deposit instead of at withdrawal.Keogh –Requires much more paperwork and you will likely need professional help, which is an additional expense to be aware of.Only applicable to self-employed individuals who own an unincorporated business.If you are a very high income freelancer, it may be worthwhile as it allows for greater annual contributions than other types of retirement plans.You can check IRS.gov for the most current contribution limits and regulations. If you are over 50, you may be able to make larger contributions to “catch-up” for retirement.I have to invest?Yup! That’s how your money makes money. But all you have to worry about is how aggressive you want your investment to be. Some funds have a higher risk, and the potential to yield higher rates of return. Other funds are safer.After you set up your retirement account and start contributing, you’ll be asked about which funds you want to invest in. Normally the person helping you set up your plan will help guide you to choosing an appropriate level of risk. Generally speaking, the closer you are to retirement, the less risky you want your funds to be.But I’m a freelancer, and my income is variable…Well, we took the leap and made a retirement plan just for you. Freelancers Union’s retirement plan was built for freelancers, with no annual fee, no minimum, and easy ways to add lump sums during good periods (and no contributions during dry spells). It’s flexible and easy to use, and it doesn’t cost anything to set up!How much should I save?Experts generally recommend that you save about 10% of your income. But even if you can’t always manage that — like if your income is episodic or variable — it’s good to remember that it’s always better to save sooner than later! And if you want a number, try out this handy retirement calculator.What else do I need to know?It’s always good to do some research when you’re looking into retirement plans. Some things to keep in mind when you’re comparing your options are:What are the plan’s administrative fees and expenses?What tax benefits will I get?What is the cap on how much I can contribute per year?Will I have to do a lot of administrative work? (Paperwork, hiring actuaries, etc.)Will I be required to make a yearly contribution, or can I contribute whenever?Can I borrow money from my plan?There may be tax implications or advantages depending on if you are a sole proprietor, LLC, C-corp, S-corp, or if you pay yourself as a W2 employee, so do a little background research. And remember: when you’re ready to get started, Freelancers Union does offer a pretty great 401(k) for independent workers!So freelancers, start saving and get yourself secured for those golden years!
I bought a new car the other day. A Ford Focus.I love it.Fun to drive (5-speed), seamless connection to my phone (I don’t even have to take it out of my pocket), great gas mileage (35 highway).It cost me $16,000.Not a lot, I’m sure you’d agree, for a new car.$16,000, in fact, is more or less the price of an option package on a high-end vehicle, something like the Audi R8 Spyder which starts at $128,400 (it’s so expensive, they don’t even feel obligated to spell “spider” correctly).So let me ask you a question: Who do you think loves his new car more – me, or the guy who plunks down $128k on a Spyder?I mean, I’m quite satisfied with my car. I even told you a minute ago that I loved it.But Spyder-Man? He LOOOOOOVES it. Polishes it on the weekend. Buys clothing accessories to match the interior. Gives his children oddly-spelled names containing the letter “Y,” when an “I” would suffice.It’s all a bit counterintuitive, isn’t it?After all, Spyder-Man is paying eight times as much as I am for a machine that pretty much does the same thing. And yet not only is he thrilled, he’s telling everyone he knows.Do you think he isn’t aware that you can get a car for $16,000?Do you think he feels ripped off?Do you think he’s annoyed that “cars cost so much?”I’m no Jimmy the Greek (look it up, youngster), but I’m willing to lay down odds that the answer is No, No and No.**We rely on member support to bring you awesome content, one-of-a-kind events, and useful resources **Please consider making a donationRather, here’s why I think he’s so happy. Reasons which, by the way, have everything to do with you and the way you (under) price your services:He’s a “car guy.”He knows and cares about things like speed, handling, horsepower and torque (whatever that is). Me? I am literally a “tire kicker.” The differences – the things that make his car well worth $128,000 – are valuable to him, but lost on me.Clients are the same way. The people who are willing to pay more for you – significantly more – are the ones who totally understand and want the things (your knowledge, personality, approach) that only you can provide. As far as they’re concerned, there are no reasonable alternatives.If you price yourself like a Ford Focus, however, you don’t get those great clients. Instead, you attract people like me. Those who, while they have the potential to be quite satisfied, aren’t emotionally attached and who would frankly be just as happy with any number of similar vehicles (or consultants, or coaches, or writers, or whatever it is you do).Higher prices attract the fans and filter out the price shoppers.He uses price as a shortcut.As Robert Cialdini explains in his book, The Psychology of Influence, price is a “trigger feature,” something we all habitually use as a way of assigning value. The much higher price of the Spyder suggests that it’s also much more valuable. In some sense, the more he pays, the better he believes his car to be.Here as well, this applies to you and me. If one graphic designer charges $75 an hour, and another charges $200, don’t you assume – knowing nothing else about either one of them – that the $200 an hour person is better?Higher prices increase client satisfaction.He gets better service.When you buy a Ford Focus, and if you’re really lucky, they give you a hearty handshake and a coupon for a free oil change.When you buy a Spyder, they deliver it to your house, give you a bunch of “free” Spyder clothing and gear, and loan you a $50,000 “regular” Audi whenever your car needs work.It makes sense. When you clear $300 on a car, you can’t give away much. When you clear thousands, there’s a lot more headroom.Same with us and the services we sell. If your margin is razor-thin, you have to watch your time and other costs carefully. Too many changes or hours or anything else that uses up your resources, and you’ve got a problem.If you price high, on the other hand, you can afford to be generous. You’re not living on the edge of your profit margin, which means you can spend more time, more attention and even more out-of-pocket dollars on your wonderful, higher paying clients.Higher prices allow you to serve your clients better.Here’s the bottom line. Many solo professionals assume that clients and prospects view us the way they do a gallon of gas – it’s all the same, so cheaper is better. As a result, they’re afraid to charge more, out of fear of losing business.In my experience, it doesn’t work that way. There are all kinds of prospects and clients out there, some of whom would be thrilled to pay (way) more for you. But you’re not going to find them among the Ford Focus buyers.Instead, spend time figuring out what you’re really good at and what truly, truly makes you unique. Then, raise your fees (try doubling them) and seek out the people who understand, value and appreciate your differences.Michael Katz is Founder and Chief Penguin of Blue Penguin Development. He specializes in developing email newsletters for professional service firms. Sign up for his free newsletter, The Likeable Expert Gazette, here.
The BCCI Chief Executive Officer (CEO) Rahul Johri says the revenue generation from the upcoming IPL media rights auction could be “historic”, considering the huge interest shown by various stakeholders.”Monday’s auction could produce historic numbers. While I am not in a position to predict numbers, our primary focus is to deliver a transparent and robust bidding process for each and every stakeholder,” Johri told PTI during an interaction ahead of the auction.”We are extremely grateful to the Honourable Supreme Court and the Committee of Administrators (COA) for having faith in our existing system,” he added.The bidding for various media rights auction of the cash- rich league for a five-year period from 2018-2022 will take place in Mumbai on Monday.The rights have been seggregated in two categories — broadcast and digital (internet and mobile) rights.The rights on offer are Indian sub-continental TV rights, which is the most coveted along with emerging Indian sub- continent digital rights.There is also rest of the world media rights on offer which includes key international markets like the Middle East, Africa, Europe, USA, Australia and New Zealand.There are predictions that BCCI could be richer by more than Rs 20,000 crore through their earnings from the rights.In 2008, Sony Pictures Network won the IPL media rights for a period of 10 years with a bid of Rs 8200 crore. The global digital rights of IPL for a period of three years was awarded to Novi Digital in 2015 for 302.2 crore.”The IPL is one of the biggest cricketing property globally. That the best companies in the global market have shown interest is a testimony to the value that it brings in for the investors,” said Johri.advertisementThe digital rights market for Indian sub-continent could see a two-way battle between Reliance Jio Digital Services, and Airtel.Johri agreed that digital rights could throw up interesting numbers.”You have to understand digital market is growing very rapidly. The increase in bandwidth and connectivity for all the major digital players have also helped. The IPL is a catalyst for the growth of their business,” said the CEO of India’s richest sporting body.There could be a possibility that some of the major players may get into a consortium (association of companies) to place bid for the global rights.Asked if any major Indian company with interest in broadcast gets into a tie-up with an international player vying for digital rights for the rest of the world, Johri said that the possibility cannot be ruled out.”Any combination as far as consortium is concerned is possible. We have to provide the best service to the stakeholders. A particular company may have a strong presence in one of the markets but may like to have an association with a company that has strong foothold in another market. If they come together and become the highest bidder, they are welcome,” Johri said.Johri also explained the reason why the period of rights has been reduced from 10 years to five years.”A preiod of 10 years was too long a period from a buyer’s perspective as well as seller’s perspective. In an ever changing world, a decade is a very long period which restricts the property (IPL) from growing.”Now we have digital rights for five years. Currently, digital feed (live streaming) is a delayed but we don’t know how scenario will change after five years,” he stated.The notable companies that have picked up tender document are Star India, Amazon Seller Services, Followon Interactive Media, Taj TV India, Sony Pictures Networks, Times Internet, Supersport International, Reliance Jio Digital, Gulf DTH FZ LLC, GroupM Media, beIN, Econet Media, SKY UK, ESPN Digital Media, BTG Legal Services, BT PLC, Twitter, Facebook Inc, BamTech, YuppTV, Discovery, Oath (Yahoo), Airtel, DAZN Perform Group.
Tributes poured in for iconic goalkeeper Gianluigi Buffon as the Italy captain retired from international football after their catastrophic loss to Sweden in the 2018 World Cup qualification play-off here on Monday.Buffon, playing in his 175th international — a record for a European, tearfully ended his international journey as four-time world champions Italy fell 0-1 in aggregate to Sweden, failing to qualify for a World Cup after 60 years.Having made his debut in 1997, Buffon, widely praised for his sporting spirit, leadership and goalkeeping excellence, won the World Cup in 2006 and captained Italy to a runners-up finish in Euro 2012.The 39-year-old Juventus captain wanted to end his career in 2018 football showpiece in Russia which would have made him the first footballer to play in six World Cups, but Italy lost to Sweden 0-1 in Stockholm and were held goalless in the second leg at the San Siro Stadium here.Several current and former footballers, apart from fans of Buffon, took to social media to express their respect for the Italian captain.Buffon had also earlier said that the 2017-18 season may be his last also in club football.Buffon’s long-time rival and Spain veteran Iker Casillas posted a picture of a tearful Buffon and wrote on Twitter: “I do not like anything to see you like that! I want to see you as before, as what you continue to be for many: a LEGEND. Proud to meet you and proud of having faced you many times. You still have to delight us in friend football! #1.”advertisementNo me gusta nada verte as! Quiero verte como hasta ahora, como lo que sigues siendo para muchos: una LEYENDA. Orgulloso de conocerte y orgulloso de haberme enfrentado a ti muchas veces. Aºn nos tienes que deleitar en el fºtbol amigo! #1 pic.twitter.com/gs9o0irCqo- Iker Casillas (@IkerCasillas) November 13, 2017Casillas’ compatriot Sergio Ramos said: “The World will miss you, @gianluigibuffon. Courage, friend! You are so big.”El Mundial te echar de menos, @gianluigibuffon. ?nimo, amigo! Eres muy grande. pic.twitter.com/pN2OaRY6TU- Sergio Ramos (@SergioRamos) November 13, 2017Former England star striker Gary Linekar said Buffon “will be much missed”. “A mountain of a man. A Giant of a goalkeeper. A credit to his sport,” he wrote.It appears Gianluigi Buffon has played his final game for Italy. He will be much missed. A mountain of a man. A Giant of a goalkeeper. A credit to his sport.- Gary Lineker (@GaryLineker) November 13, 2017France great Franck Ribery said: Tough opponent, great character & idol for every player. Respect for your international career @gianluigibuffon.”Germany great Lukas Podolski wrote: “Grazie #Buffon, one of the best on and off the field #Legend.”Grazie #Buffon ??????? one of the best on and off the field #Legend- Lukas-Podolski.com (@Podolski10) November 13, 2017Buffon captained the Italian national team 79 times — joint highest with Fabio Cannavaro.German tennis great Boris Becker said: “Grazie @gianluigibuffon !!! One of the all time greatest says #Goodbye.”Grazie @gianluigibuffon !!! One of the all time greatest says #Goodbye … pic.twitter.com/gtphT4oJvV- Boris Becker (@TheBorisBecker) November 13, 2017Legend @gianluigibuffon- Robert Lewandowski (@lewy_official) November 13, 2017
India will play South Africa and Sony Ten Network have the rights.You can watch Live Streaming of the 2nd ODI between India and South Africa in Centurion on SonyLIV from 1:30 PM today.As for TV the match will shown live on Sony Ten 1, Sony Ten 1 HD and Sony Ten 3, Sony Ten 3 HD, in both English and Hindi.Match Preview:South Africa suffered a huge blow after skipper Faf du Plessis was ruled out of the remainder of the ongoing One-Day International (ODI) series against India with a fractured finger, even as the tourists aim to exert pressure on the depleted hosts in the second match here on Sunday.Already down with the absence of veteran AB de Villiers for the first three ODIs, the Proteas will now miss the services of the skipper, who struck a brilliant ton in the opener of the six-match series, albeit in a losing cause.Du Plessis damaged his right index digit during the six-wicket loss in the series opener in Durban on Thursday and is likely to require three to six weeks’ time to recover, according to a Cricket South Africa (CSA) statement.Batsman Farhaan Behardien has been added to the squad as a replacement, while Heinrich Klaasen was called in as a back-up wicketkeeper given de Villiers is also sidelined by a finger issue.Going into the second match, India will be eager to take advantage of the loss of Du Plessis and go 2-0 up in the rubber, with all their departments ticking the right notes in Durban.advertisementLed by skipper Virat Kohli’s brilliant 33rd ODI ton and steady batting by No.4 Ajinkya Rahane, India romped home in style after the wrist spin duo of Kuldeep Yadav and Yuzvendra Chahal shared five wickets between them to restrict the hosts to 269/8.India’s top-order has done reasonably well in the opening ODI barring the odd mix-up between Shikhar Dhawan and Kohli, which led to an unfortunate run-out of the southpaw.The bowling department has delivered well except for pacer Bhuvneshwar Kumar, having an off day but the spin duo of chinaman Kuldeep (3/34) and Chahal (2/45) have been impressive in what was their maiden outing on South African soil.The Proteas, on the other hand are yet to name the skipper of the side with Hashim Amla and Jean Paul Duminy emerging as the top contenders.The home side will need to chalk out a strategy to stop the strong Indian batting after using as many as seven bowlers in the opening game.