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Humour as a Leadership Skill

Published on February 12, 2022

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Humour as a Leadership Skill

Every room needs laughter. Perhaps your comedian career started from home, or maybe in the school bus, or if you are like me, maybe you are lucky enough to be recognised as the “Class Clown”. Infamously known for their ability to inject humour and passing wisecracks to send people burst into laughter during classroom discussions, the ‘Class Clowns’ are constantly surveillanced by most of the teachers. Despite being more than often relegated to the back of the class, these Class Clowns, as various studies point out, have a tendency to display leadership characteristics including being confidently expressive about their ideas and opinions in front of their classmates.

The Michael Scott Way!

In the famous TV sitcom The Office, one can see how Michael Scott, played by Steve Carell, was beloved for his management skills, both good and bad. Michael was a lot of things a leader isn’t; he was brash, he was inappropriate (at times), and most of all, he treated the workspace as a family. Yet, despite having made poor choices in managing his employees, his branch was the highest earning branch across all Dunder Mifflin offices. So how did he manage to pull it off? Michael made sure that humour was central to his management; he made people laugh, built relationships and fostered a positive work environment. He made the workplace fun and wasn’t really afraid to embarrass himself every now and then. As the 34th US President Dwight D. Eisenhower once said “A sense of humour is part of the art of leadership, of getting along with people and getting things done.” Humour might just turn out to be your superhero strength, if managed efficiently and appropriately.

One of the greatest plus points of injecting humour and to burst out laughing is that it releases highly sought after chemicals in your brain – oxycontin, dopamine and endorphins. The holy trinity of these three neurochemicals being released into your body would mean that your mental status is more positive and upbeat than ever before. Other benefits also include stress relief, low anxiety and an improved mood. All together, this paints a more positive image of yourself, making you seem more positive and approachable to talk to.

Why Is Humor Even More Important Today?

In today’s age, where the pandemic has made us all become socially and emotionally distant, the entire definition of a “leader” needs to be reimagined. Leaders now need to be seen as emotionally available and connected to their team along with being cognitively vigilant. In such a time, injecting a little bit of humour and laughter into the workspace can help in improving empathy and the ability to listen to others, both soft skills being fundamental to any leader’s characteristics. If leaders do manage to pull off being subtly and aptly funny in difficult situations, such traits can help in enhancing their leadership ability and improve their persona over the rest of the team. While leadership is pictured as being a serious matter, it is important to lead with a human touch. Humour thus serves as the bridge that connects these two worlds together.

Dozens of studies point towards the positive impact that humour has on your professional life. Leaders with a sense of humour are seen as 27% more motivating and admired than those who don’t have a sense of humour. 91% of executives, according to one study, believe that a sense of humour is essential for career advancement. Another research suggests that the two most desirable traits that are seen in leaders are a strong work ethic and a good sense of humour. Thus it is safe to say that humour is one of the most powerful tools for success, and so when humour is activated, your inside “spidey sense” heightens, making us more confident, creative and resilient.

So how do we harness humour to unleash our leadership potential?

Knowing Your Audience

This is one of the most fundamental aspects of learning when to be humorous and when not to be. The better you know and understand your audience, the better you can customize and tailor-make your jokes so that it might not come across as unintentionally aggressive. This is particularly important as, while humour does hold the key to making you a liked figure at your workplace, it also holds the power to drag you down. It is thus important to be mindful of your audience; whom you are telling the joke to, and whom or what you are joking about.

Laughing At Others?

This is one of the tricky aspects of being humorous. Aggressive humour in the form of belittling others can have a negative effect on your image. Constant use of aggressive humour has a tendency of socially distance leaders from the rest of the team. The idea is to bring people together using humour rather than pulling them apart. Again, knowing your audience in such situations might come in handy.

Laughing At Yourself

Mickey Mouse perfectly sums it up “To laugh at yourself is to love yourself.” Using self-defeating humour has a positive psychological effect on the minds of the rest of your team. This helps in allowing people to open up and talk more freely with leaders as they are deemed more approachable.

Ultimately, balancing the act of humour falls on you. Find the right balance and you can leverage humour to a great extent; making huge strides in your professional life. Despite being one of the most unlikely tools that one can relate leadership to, humour might just turn out to be the secret sauce that can make you stand out of a crowd, quite literally! So next time, feel confident to take your sense of humour for a spin and let the magic happen. Laugh more, and let your humour be used as a tool that lets you lead better!

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4 Ways to Find a Good Mentor in High School & During Internships

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4 Ways to Find a Good Mentor in High School & During Internships

Internships are all about exploring, learning and developing skills and interests. But at the same time each place you work in has a different work culture, and diverse employees. A number of factors contribute to successful and good internship experience (read our guide to Internships For High School Students). One of the key ones being a good mentor, someone who works in liaison with you, guides you, gives you valuable feedback and helps in your personal growth. In fact, it is advised that high schoolers be engaged in mentorship programmes to unlock their potential and build a successful career. Here’s why.

I can say with confidence that right through high school and the course of several internships what made the most difference to my growth and development was the mentors I found. These mentors were important stepping stones in my journey to learn, and they not only guided me but pushed me to reach my potential. They gave me the confidence to achieve my goals and shared their experiences.

Who Is A Mentor ?

“Mentors are not those who walk ahead to show you how they did it, but rather walk alongside you to show you what you as an individual can do.”

Mentorship itself is a long – standing concept introduced to enhance human development, and several organisations, universities and more opt for mentorship programmes to ensure the best results from their students and employees. Internships generally entail a more informal mentor, who is your point of contact throughout the internship, who you report to and work directly under. Not everyone can be a good mentor, some people though intellectual and with great experience are not equipped with the skills to pass on that knowledge.Therefore there exist certain qualities a good mentor must possess.

How To Recognise A Good Mentor ?

1. A Guide For Personal Development

Starting with  the enthusiasm and ability to share their experience, knowledge and learning with their mentee. They must possess the interest to guide, and invest time in another person’s development. This is similar to the idea that maybe a lot of us are football fans and know everything about it, but not all of us can play.

2. Fruitful Feedback

Stemming from this eagerness is also the need to be a patient and respectful critique. Mentors more than often serve as the first point of contact and thus give both good and bad feedback. This exchange of feedback must not be too harsh as to steal away the mentee’s morale, nor should it be a lie and inaccurate reflection of their work. A mentor must give you a chance to learn, through trial and error, allow space for mistakes and walk the middle path between leniency and harsh criticism.

3. Spectator & Speaker

Furthermore, a mentor should be a balanced listener and speaker. A mentor must not come off as a preacher, or simply keep imparting knowledge. Instead the mentor should actively listen to the mentees personal thoughts, inputs and give them a chance to contribute and voice their opinions.

4. Motivating & Mindful

Lastly a mentor should be able to enhance and enable growth in their mentee, through a positive outlook, and motivation. While setting goals the mentor must be mindful of the mentee’s capabilities and give them all the assistance they need. Mentors should be approachable and accessible, making the mentee feel comfortable.

Evidently, mentors have a strong role to play in our internships and lives and thus have the ability to help us or bring us down. Hence a good mentor will enable you as a student to step out of your comfort zone, giving you opportunities for growth and development. They will enable better time management and productivity by instilling a good work ethic and environment which is conducive to learning.

Signs Of A Bad Mentor

Simultaneously the absence of such a mentor or having an ineffective mentor only hinders our progress. Having a mentor who controls us, micro-manages more than teaches eventually causes a loss of confidence, and morale. Another sign of a bad mentor is unreliability, as accessibility and availability is key to provide learning opportunities as well as support to you as a student. If the mentor lacks encouragement, and is constantly ignorant of your personal needs and does not assist you with your doubts, their role as a mentor is not fulfilled.

The next time you are in a mentorship program, or internship where you have to build a relationship with a mentor keep this shortcut in mind. This shortcut will remind you what a mentor truly stands for…

M – Motivating

E – Excited to Share

N- Never absent

T – Timely Feedback

O- Open-minded & optimistic

R- Respectful & Rational

If you too have had good and bad experiences with mentors do share it with us!

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Importance Of Youth Leadership: What Teenagers Must Know

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Importance Of Youth Leadership: What Teenagers Must Know

Leadership is fundamental to success. A Leader is the driving force of an organization. The importance of Leadership simply cannot be overstated. Leadership is critical for an individual’s, as well as an organization’s success. Leadership has the power to build a nation.

The Power Of Tomorrow

The world’s biggest power is the Youth. The youth of today is the leader of tomorrow. Though it might not always be able to build the future for the youth, it certainly is possible to build the youth for the future. The youth of today will be responsible for shaping the future of our world. So it is only logical that they, the youth, must be shaped to take on the mantle.

Youth For Effective Leadership

Unique ideas are not unique anymore. What is now unique is seeing them through to successful fruition. Most of the great ideas never make it past the conception phase. Effective Leadership is the differentiating factor that helps in the transition from the generation of an idea to its successful execution. Youth Leadership, as the custodians of tomorrow, are the hope for the future. Training them to handle the mantle of leadership and helping them make the most of every opportunity is therefore critical for success.

Giving the youth an opportunity to develop and gain experience in leading is a great way to hone their talent and set them up for a bright future. It gives them much needed confidence and trains them for collaborative working. It helps them understand what to do, when to do and how to do. Youth leaders are nurtured to handle the role of leadership in total confidence. Knowledge, know-how and credibility helps them transform creative ideas into critical results. The most important role a Leader plays is bringing an idea or potential to life with proper execution. Nurturing the youth for leadership will in turn mean that they will lead with excellence.

How Do You Hone Your Leadership Skills?

Experience and time are the best teachers. But when life is fast-paced and time and opportunity are hard to come by, missed opportunities are ill afforded. This is where a good Leadership Development Program comes in handy. A Leadership Development program can go a long way in nurturing and developing the leadership skills of the youth. There are various leadership development programs in India that are great places to indulge with qualified professionals who can help you define a purpose and educate you to reach your full potential. A good education consultant or counsellor can tap into your potential and push you in the right direction.

Unleash The Leader In YOU With YLC

Harvard (YLC) Youth Lead the Change is a leadership development program created by professors of the Harvard Business School, Harvard Law School, and the Harvard School of education, and held by Harvard students. Held for students in grades 8 – 12, the program aims at empowering students and unlocking their leadership capabilities as they develop tangible solutions to global problems. Over the 7 day course, the students work in a group to understand a global issue and develop a social change project to address it. Through this program, students learn about core leadership skills such as collaboration, public speaking, time management, and self-knowledge.

The Harvard trainers also hold one-on-one sessions with students who continue to serve as mentors after the program. On finishing the program, there is an opportunity to complete mentorship for an entire year, to implement their project. Presented by The Leadership Institute at Harvard College (LIHC), this Harvard student organization aims to provide and promote leadership development opportunities across the world.

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5 Major Books and Podcasts to Learn Finance in High School

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5 Major Books and Podcasts to Learn Finance in High School

Managing personal finance, and planning for the future can often be tricky and confusing. When you learn about the basics of finances, you know how to save money, manage your expenses and start investing for the future. But is that it? Certainly not! The world of finance is much more vast. To build a better relationship with money, one needs to be good at managing an investment portfolio, paying off debts, managing mortgages, saving for retirement, and surviving the occasional pitfalls as well.

And how do you make that possible? By learning through experiences, gaining financial knowledge, and seeking guidance from the best. Recently, financial education books, personal finance books for students, and podcasts on finance have been trending. They have been looked upon as the source to find answers to everyday finances and how to prepare for the future.

So, let’s dig in and find out how books and podcasts will help you in your financial journey.

Psst! Before we dive right in, here’s a little task for you – Take a pen and a sheet of paper and jot down 26 terms related to finance. Easy? Now here’s the twist – all of them should start with each letter of the Alphabet. For example, A – Account, B – _____, and so on! Play this with your friends and check who gets all 26 right in the least amount of time! 

How Will Books And Podcasts Transform The Financial Horizon For You?

Today, there is no shortage of resources that will take your financial knowledge to a new level. From magazines and books to videos and podcasts, you can choose the right option at your convenience to learn about money management for students and financial literacy in schools. You can go old-school, and pick up a book to start with or get on your smartphone to listen to amazing podcasts and videos. And they will shape your financial horizon in the following ways:

  1. Improves student financial literacy and builds healthy money habits for the future.

  2. Guides you on great investment options and managing finances during and after high school.

  3. Teaches how to focus on financial goals and start your side hustle.

  4. Advises on real-world finances, and biggest money challenges faced by adults.

  5. Offers magnificent insights from experts and their financial journey experiences.

According to T. Rowe Price’s ‘Parents, Kids and Money’ survey, around 75% of the kids wish their parents taught them more about money, while 72% said that their parents are always “worried about the money.” You really wouldn’t want to be a part of this figure, do you?

Which Books And Podcasts Do You Need To Add To Your List Right Away?

While there are tons of books and podcasts on finance out there, we have handpicked some of the best finance books and best finance podcasts for beginners that you need to get hold of right now, while in high school.

Books

Rich Dad-Poor Dad For Teens: The Secrets About Money

You would’ve probably heard about Robert Kiyosaki’s Rich Dad-Poor Dad, but its youth companion Rich Dad-Poor Dad for Teens is bound to hit any young financial enthusiast or up-and-coming entrepreneur out there. You’re never too young to learn the language of money. And the better you understand it, the better the chances that you can have your money work hard for you, rather than the contrary. The book is packed with sidebars, quizzes and also explains why games can help you understand more about personal financial literacy, money management skills, and investment plans for students.

The Teenage Investor

As the title suggests, The Teenage Investor focuses on how, to begin with, your financial journey, start investing early, and build a lifelong portfolio. Author Timothy Olsens provides answers to the questions “What is investing?”, “How do I start investing in stocks, bonds, and mutual funds for students?” and more. He outlines a simple and unique approach on how to build wealth in the stock market and shares remarkable knowledge and insights of a market veteran to young investing enthusiasts.

I Want More Pizza

The author Steve Burkholder approaches the topics of personal finance and money management in a way that is accessible to young adults through the pizza model in I Want More Pizza. From savings, spending, goal setting, investment for students to debt, credit cards, student loans he covers some of the critical financial lessons through relatable anecdotes, real-life examples, and hypothetical questions. The ultimate goal is to help you understand that money doesn’t have to be stressful, and you can be financially literate even if you don’t like maths or planning.

Why Didn’t They Teach Me This In School?

Rather than advising the traditional budgeting or investing principles, author Cary Siegel outlines the practical principles that he learned throughout his financial life. He aims to target the larger habits and planning skills that will contribute to your future finances- the ones that you’ll never learn in high school. Why Didn’t They Teach Me This in School? comprises eight important financial lessons focusing on 99 principles that will enhance your money management skills. Unlike other books out there, it focuses on the qualitative side of money management rather than the quantitative side.

I Will Teach You To Be Rich

Described as a ‘wealth wizard’ by Forbes, and ‘new finance guru’ by Fortune, author Ramit Sethi brings a modern money classic- I Will Teach You to be Rich that teaches you to effectively manage finances, pay off debts, save better and build wealth through investments. The book also comes along with impressive stories of how previous readers have used the book to improve their lives. The 6-week program helps you to take care of lifelong finances through a sophisticated approach.

Podcasts

So Money

From financial freedom and managing expenses, to creating a ‘sustainable’ investment, and understanding financial abuse, financial expert and host Farnoosh Torabi, highlights the important topics of the finance world in over 1000 episodes. You can learn the basics of cryptocurrency and get answers to your pressing questions about money, life, and career. So Money also consists of some fantastic real-life financial lessons and experiences of Torabi and her guests.

Money For The Rest Of Us

Buckle up, investors cause host J. David Stein is concerned about your future and advises on investment portfolios through his podcast. Savings is just not enough if you want your money to grow in the long term. And only investing your money at the right time in the market, stock or bond will make it grow. Money for the Rest for Us is a perfect blend of personal stories with academic research to explain and give insights on key concepts of investment for students, portfolio balancing, market cycle, and more.

The College Investor

Be it mastering your personal finance skills, learning about budgets, or getting introduced to credit scores, The College Investor has everything in store for you. Entrepreneur and millennial money expert Robert Farrington addresses some of the critical issues that matter to students and graduates about finance like student loans, paying bills, and investment plans for students. He further talks about side hustling, earning more money, and building wealth.

Financial Side Of Life: College, Retirement, And Life

Financial Planner Angie Furubotten-LaRosee concentrates on college savings plans, investments, money management skills for students, strategies on how to pay for college, build wealth, and what the idea of retirement means for different people on the Financial Side of Life. She welcomes guests from various walks of life who share their unique stories around finance. In another special episode, her dad talks about some remarkable money and life lessons.

Fairer Cents

If you’re looking for a feminist take on finances and the issues associated with it, then this is the right podcast for you. In Fairer Cents, co-hosts Tanja Hester and Kara Perez, throw light on the different economic realities facing women, people of color, and other marginalized groups. Further, they talk about how to tackle issues like the gender pay gap, women’s ambition, emotional labor, why financial feminism is necessary, and more.

Going Forward

Other than the above-mentioned finance education books and podcasts, you can check for multiple online websites, magazines, and videos to learn more about finance, and that’s the ultimate goal of every resource out there. So, whether you are new to this or looking to get more financial advice, these books and podcasts will surely help you out.

Be a part of Big Red Education now, and start a youth financial literacy journey while still in high school.

Few answers to the quiz – 

A – Assets, B – Bank, C – Cheque, D – Debt, E – Equities, F – Formula Investing, G – Government Bonds, H – Holding Period, I – Insurance, J – Joint account, K – Key Ratio, L – Liquidity, M – Mutual Funds, N – NEO banks, O – Opportunity Cost, P – Policy term, Q – Quote, R – Return on Equity, S – Systematic Investment Plans, T – Tax declaration, U – Union budget, V – Venture Capital, W – Working Capital, X- Xenocurrency, Y – Yield, Z – Zero balance

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4 Lessons That Will Help You Improve Your Financial Skills at High School

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4 Lessons That Will Help You Improve Your Financial Skills at High School

Common phrases such as ‘invest in IPOs’, ‘diversify your portfolio’, and ‘buy the dip’ have been echoing in the news throughout the year 2021. The colossal world of finance has literally exploded this year. According to an article by Business Standard, the active investor count rose by a whopping 10.4 million last year. That continued to this year and we witnessed stock market investments becoming a part of daily conversations. But amongst this fad, where were you? Did you get a chance to explore any financial instruments? Did you ask your parents about their investment strategies in the reviving market? Was finance ever a part of your academic or peer-group discussions?

There’s a high chance that your answer to one or more of these questions might be ‘No’. And, it is quite valid. Financial literacy for students still has a long way to go. But does that mean you should sit idle and wait for the ‘right time to learn about finance’? Certainly not.

Why Should Financial Literacy Be Important To You Now?

Student financial literacy is a fundamental life skill that every individual needs to be equipped with. But what’s the hurry? People learn things with time, so will you. Isn’t it?

No. That is a tale of the past. Do not let yourself be deluded by that.

Let’s face the fact – your generation is smart! On top of that, you have an abundance of resources that were a dream for the previous generations. It takes you a few hours to learn how to use a new gadget, create a smart sensor, build a cool robotics project, or even decode a cryptic message.

But the one thing that halts your racing minds is money. The Deloitte Global 2021 Millennial and Gen Z Survey revealed that nearly half of the millennial and Gen Z population are stressed about their long-term financial future.

  1. Reason? Both these population groups never got a chance to develop money management skills at school.

  2. Result? Millennials find themselves in a fix when it comes to day-to-day finances, let alone securing their future.

  3. What about Gen Z? Well, you’ve got time in your hands! Time is the only thing that will assist you in

So, you can make money work for you! You can start improving your financial skills right away, and achieve financial independence as soon as you want. But, how?

Did you know, when you start learning how to play the guitar, the first thing you do is to learn four basic chords? These basic chords are essential for beginners to start with so that they can eventually build upon the others. Before you wonder why we’re talking about guitar lessons here, let us tell you that today you’re going to learn the top 4 chords of your financial literacy guitar!

4 Lessons That Will Help You Improve Your Financial Skills

Lesson #1: What Is Money?

An old man had all his gold buried outside his house. Every day, he used to dig in and have a look at it, cover it back with mud, and come back. Once a passer-by noticed him, timed his activities, and soon fled away with all the gold. 

The point that this timeless fable is trying to drive home is that money is of no use if all you do is earn and hoard it. If you observe your daily life, money acts as an enabler for you. Money enables you to live your life the way you want to. You use it every single day in exchange for your necessities and wants.

Money is more than just those figures in your bank account. Just like most crucial things in life, money is fragile. If managed judiciously, it can accelerate your progress towards your goals. Effective money management for students leads to a sustainable lifestyle. Money management, if done right, can empower you to do whatever you want, from wherever you like, whenever you wish to.

Hence, the first step towards student financial literacy starts with understanding what money means to YOU, and how you want it to enable you.

Lesson #2: Responsibilities Associated With Money

Now you truly understand why the world values money so much, don’t you? With that amount of value and power, comes a sense of responsibility. Remember the first time you asked your parents if you could borrow the car? Taking the car all by yourself meant being careful while driving, checking the fuel tank, following traffic rules, and remembering all the pieces of advice that came with that key.

Tomorrow if you earn a sum of money, your parents would probably advise the same – vigilance and mindfulness. Why? Because the common point here is responsibility. As you grow older and start making money, you hold complete accountability for your money –

  • How do you earn it?

  • How do you spend it?

  • How do you save it?

  • How do you invest it?

Whoa! That seems like a lot of responsibilities to take care of, doesn’t it?

Relax! Keep reading, we got your back!

Lesson #3: Budgeting, Saving, And Investing

In the last two lessons, you have realized that your money (be it your pocket money or your own income) is significant and you are solely responsible for it. Would you dare to be reckless with it? Absolutely not! Then why haven’t you started managing it effectively yet?

Nothing to worry about, here you go –

1. Budgeting – Once you have a sum of money, a budget allows you to control its flow. You set certain goals for yourself and decide on 2 things – Spending and Saving. In your spending plan, you can include your necessities and wants, depending upon your goals.

You can use a planner like this and customize it as per your needs. Try filling it out!

2. Saving – The remaining amount comes into your savings. Out of this, some amount can be saved for short-term goals. The remaining amount can be used for investments.

Morgan Housel has articulated the importance of savings amazingly – “Saving is a hedge against life’s inevitable ability to surprise the hell out of you at the worst possible moment.” Need we say more?

3. Investing – Continuously investing a portion of your money makes it grow over time. This process is called compounding. To learn more about the ways in which you can invest your money, check this out.

Lesson #4: Seeking Financial Knowledge From The Right Resources

The three lessons you’ve covered till now can give you the best headstart you need to be financially literate and manage your money smartly. But does the learning stop here? Definitely not. As we said, these 4 chords are the basic essentials you need to build exceptional money management skills.

The last lesson is to NEVER stop learning. Money is dynamic in nature. The ones who sleep on it, lose the marathon to the ones who keep learning and implementing smart money management tips.

The best source of all the financial knowledge you require is in your hands right now! The internet hosts several resources like mobile apps, podcasts, books, games, and whatnot. Nobody is stopping you from setting your financial goals, picking the best resources, and learning from them.

  • Remember, just reading and learning would never give you results until you implement.

Your First Step In The Right Direction…

Today, you have taken your first step towards being financially smart and independent. Continuous improvement of your financial skills can lead you to places you’d have never expected.

Money management for students is an underrated skill. The sooner you realize the hidden benefits of understanding how financial systems work, the better you can secure your future. While the academic institutions might take some time in incorporating financial literacy for students, you can get ahead of the crowd with us.

Big Red Education has been working tirelessly towards making the students of today financially smart and successful. Head over to many such articles here, use the technique and resources provided to build your own personal finance strategies, and share your favorite ones with your friends. A single action of yours can lead to a great start. Get started today!

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