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7 Ways to Make Your Life More Organized and Efficient

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It’s once again time to put some New Year’s resolutions in motion. One of the best ones to implement is to make your life more organized and efficient.


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Improving your organizational skills offers quite a few benefits. First, you’ll be able to be more efficient no matter what you do. It’s far easier to practice efficiency when you’re not burdened by chaos. Secondly, you’ll be able to lower your stress level. According to the American Institute of Stress, more than half of all the people in our country deal with daily stress. You’ll gain health advantages if you can wean yourself off the stress machine by being better organized.

Want another great reason to have all your ducks in a row? When you’re organized, you leave room to deal with life’s most unexpected surprises. Anything can happen, from a sudden job offer to a change in your private life. The more energy you’ve devoted toward making your life more organized upfront, the more energy you’ll free up for later.

Only you know what needs to be organized in your world. However, any of the following suggestions should help you achieve your organization-related resolutions.

1. Declutter once a month.

Clutter is more than just an eyesore or nuisance. All that stuff can be harmful to your mental well-being, too. Clutter has been linked to everything from the development of anxiety to the loss of focus.

The problem with clutter is that it can get out of hand quickly. Let’s say you spend all day taming your messy office or your trinket-filled den. That’s fine, but without a plan, the clutter will creep back sooner or later. The only way to end it for good is to go on regular decluttering campaigns.

Once a month, mark off at least a day to focus on picking up clutter. If something doesn’t have a home, find one. If you can’t find a place, consider getting rid of the item by selling it, donating it, or throwing it away. By structuring your decluttering efforts, you’ll avoid the clutter getting too massive again.

2. Lean into subscription services.

We’re living in a subscription service era. Globally, more than three-quarters of people rely on subscription services. Why shouldn’t they? The right subscription can ship anything to your door at the cadence you prefer. That means fewer trips to stores and no more running out of the stuff you need.

Companies like Dollar Shave Club and Stitch Fix made huge splashes by revolutionizing the subscription industry. At this point, they’re just two of the countless types of subscription services available. Now, you can have anything sent to you regularly, right down to Nom Nom“s real, fresh dog food crafted by board-certified veterinary nutritionists. With these services, you can always have just what you need when you need it.

Don’t assume you can’t get subscriptions for a particular product. However, you might be surprised by all the subscriptions waiting for you to discover them.

3. Schedule all your personal appointments.

Many of us spend our lives overcrowding our business calendars. The problem is that a business calendar can bleed into the personal realm pretty fast. Suddenly, you realize that you’re trying to fit gym visits and dental appointments around work. That’s a backward approach and can cut into your work-life balance.

Solving this issue is best handled as a two-step process. First, consolidate all your calendars into one calendar that can be your source of truth. Then, take time to block off all your personal time. Don’t limit yourself to just outside meetings, either. Instead, set aside time for all critical moments, such as family walks or soccer pick-up trips.

You’re actually retraining your brain to weigh your personal commitments as important. Too often, those of us who are high achievers end up making too many time-related sacrifices for our occupations. Prioritizing time for you allows you to enjoy your off-hours without guilt.

4. Delegate like crazy.

Delegation is a wonderful tool to get your life more organized. Remember: When you’re trying to do everything, you’re bound to stretch yourself way too thin. And that tends to be when mistakes happen. By giving some of your duties to others, you set the stage to be able to do your best more often.

Be sure to delegate at home and not just on the job, though. Many people forget that delegating to a partner or child can be just as advantageous as delegating to a colleague. So, for example, if your spouse has time to do something and you don’t, delegation makes sense.

At first, you might find it a little challenging to delegate. But, in time, you’ll begin to get more accustomed to the feeling of passing off some of your to-dos.

5. Set up a household budget.

Want to be more organized with your finances, so you know where money is going? Make this year the one when you finally set up a household budget. Of course, you don’t need any fancy software, either. But a spreadsheet listing your monthly income and expenses is a fantastic beginning.

Once you have your spreadsheet in hand, you can begin to drill down and get your life more organized with your money. You might notice, for instance, that you’re living paycheck to paycheck. In that case, you could consider spending less in some of your “expense” categories.

Nothing feels worse than realizing your spending is out of control. Organizing your finances is a surefire path to money management success.

6. Automate routine bills.

Speaking of money, have you ever missed paying a bill? It’s an awful, sinking feeling. It can also have serious ramifications on your credit score if you’re constantly delinquent. Paying bills on time, every time, is essential for your financial health.

As long as you’re on top of your budget and make sure you have enough money in your accounts, try automating your bills. Many utility providers and other suppliers allow you to give them the ability to pull money monthly. You’ll get an email or text notification receipt but won’t have to take any extra steps.

In addition to making sure you don’t get any “past due” notices, you’ll lower your stress level. Knowing that you have covered your bills removes any concerns that you will wreck your credit.

7. Say “no” more often.

Funny enough, most people don’t say “no” as much as they say “yes.” Yet refusing to add more to your plate can be a good thing. On the other hand, when you constantly take on more responsibilities, you can wind up in burnout territory.

You can plan on feeling a little awkward at saying “no” if it’s not your go-to response. The awkwardness could be even more pronounced if you’re declining more work from your boss. However, as long as you’re upfront about your capacity and not defiant, you can make “no” work in your favor.

Remind yourself that telling others your bandwidth is full is okay. Most people will understand, including your employer. However, by embracing “no,” you’ll bypass the feeling of sinking underwater or getting lost in impossible-to-meet deadlines.

This year, give yourself the gift of organization. Then, you’ll have more room for enjoyable experiences and perhaps become an efficient role model for those around you.

Featured Image: Blue Bird; Pexels.com. Thank you!

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OpenAI Rolls Out New Tool to Combat ChatGPT Plagiarism

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Since its launch in November, ChatGPT has disrupted various industries — from real estate to law. However, in the context of academia, teachers have growing concerns about whether using the tool is considered cheating.

ChatGPT, created by artificial intelligence company OpenAI, has the power to create essays, poetry, draft legal documents and more when given a prompt. While the results may need some editing, the tool’s efficiency has garnered worldwide attention for its accuracy.

Related: Professionals In This Industry Already Can’t Imagine Life Without ChatGPT: ‘I Can’t Remember the Last Time Something Has Wowed Me This Much.’

Public schools in Seattle and New York City have already banned the use of the tool over cheating concerns and its power to disrupt genuine learning. Now, OpenAI has announced a new feature that may help teachers spot the presence of ChatGPT in essays and other assignments, CNN reported.

The feature, called “AI text classifier,” is similar to the plagiarism software Turnitin in that when submitting a body of text, the tool will rate the input on a scale ranging from “likely generated by AI” to “very unlikely.”

While educators have been longing for such a tool to combat the increasing use of ChatGPT, OpenAI has admitted that the new feature is “imperfect” and should be “taken with a grain of salt,” CNN reported.

“We really don’t recommend taking this tool in isolation because we know that it can be wrong and will be wrong at times – much like using AI for any kind of assessment purposes,” Lama Ahmad, policy research director at OpenAI, told the outlet. “We are emphasizing how important it is to keep a human in the loop … and that it’s just one data point among many others.”

Related: Princeton Student Builds ChatGPT Detection App to Fight AI Plagiarism

Despite the imperfection of the new feature, OpenAI told CNN that the decision to release the “AI text classifier” has to do with hopefully deterring individuals from claiming AI text was composed by a human, as well as addressing the question of whether humans have a right to know if they are interacting with artificial intelligence.

“This question is much bigger than what we are doing here; society as a whole has to grapple with that question,” Jan Leike, a lead on the OpenAI alignment team, told CNN.

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Why All of Us Need to Join the Fight for Workplace Diversity

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Opinions expressed by Entrepreneur contributors are their own.

The Ernst & Young 2020 Global Private Equity Report found that 74% of private equity firms under $2.5 billion did not have set targets for ethnic diversity and had no plans to set any.

While this might come as a surprise to those with no history working in private equity or hedge funds, this statistic and the recent media attention Soo Kim has received regarding the TEGNA takeover, unfortunately, come as no surprise to me.

As a former employee of Standard General, one of only a handful of Black Americans working in the hedge fund sector and an immigrant founder, I’m appalled at the lack of diversity in this space. However, I can firmly say that it would be a lot worse without Soo Kim’s contribution — but we need more than just him to join the cause.

Related: 18 Business Leaders on Creating an Inclusive and Equitable Society

What’s happening with Soo Kim’s TEGNA takeover?

In February 2022, Soo Kim’s Standard General, with funding from Apollo Global Management announced a deal to acquire TV station owner TEGNA for roughly $8.6 billion. TEGNA is the second-largest local TV broadcaster by revenue, operating 64 TV stations and two radio stations across various markets in the U.S. Contrary to large TV consolidation mergers, this particular deal has drawn a number of vocal objectors.

Ostensibly, the critique has come from a union — The NewsGuild — that purports to be concerned about jobs, despite the public commitments that Standard General made to preserve local station employment. While concerns about jobs are admirable, the publicly filed comments from these groups include statements that, in so many words, say that Soo Kim’s ownership of this station group would do nothing to advance diversity as understood by the civil rights community and public interest.

Is there a “wrong” type of minority?

These commenters continue to say that Soo Kim was not barred by his race from becoming a successful entrepreneur.

As a fellow New Yorker and both graduates of Stuyvesant High School, I can speak to our experiences. Using his Asian ancestry against him is exactly the kind of short-sighted hateful rhetoric causing so many issues for Asian communities across America. I have seen this in all aspects of American life, from Wall Street firms to my days at West Point and in Baghdad.

When there’s a flag draped over your coffin, there is no “wrong type of minority.” Yet we seem to treat immigrant founders and founders of color like there is such a thing as a “wrong” type of minority.

The indivisible nature of the United States is our greatest strength, but that strength is weakened by the belief that Soo Kim being Asian makes him unqualified to pursue the commercial principles that our country was founded on.

However, what worries me more than anything is that Kim hasn’t been treated fairly by anyone throughout this deal. Are these political letters and criticism influencing the regulators whose judgment the closing of this deal depends on? I know firsthand how hard it is for founders of color to access the capital to pull off deals of this magnitude. An adverse outcome here would have a chilling impact on minority ownership of broadcasting assets at the very least. Perhaps this is what the objectors want.

While the thought of that is troubling at the very least, I believe what’s been so impactful and appalling to me throughout this entire debacle has been the fact that I know Soo Kim. I’ve worked with him, I have represented him on public company boards and I’ve seen what he stands for. It’s unimaginable to me that he could be on the receiving end of such racism when he so clearly stands for justice and equality.

Related: 6 Ways to Offer Allyship to Black Entrepreneurs

Commitment to diversity

As the founder of Standard General, Kim has been tireless in his commitment to diversity: from hiring to using his power to change companies to better reflect what America really looks like. More importantly, he didn’t limit his search to just Asian professionals. Black, Asian, Jewish and white employees all were represented in the 12-person team at Standard General while I was there. He has also consistently appointed women and people of color to the boards of his companies throughout the years.

I have seen the good he does in his companies and how hard he works to provide equal access to opportunities regardless of race or gender.

And, because I am the diversity and inclusion officer for the MediaCo board of directors, which owns the radio stations Hot 97 and WBLS (which has a management team that is over 50% diverse and a staff that is over 70% diverse overall), I would say that it is precisely Kim’s unique background that could help improve TEGNA own documented diversity issues.

If other leaders follow Kim’s lead, we can slowly but surely change the diversity problem. But we all have to actually commit.

How the TEGNA deal compares to other acquisitions

Just to drive my point home, I believe it’s important to take a look at how this TEGNA deal compares to other similar acquisitions.

Recently, the TV industry has seen a surge in big deals. For example, Gray Television acquired Meredith’s and Quincy’s local stations with virtually no opposition from across the aisle. Scripps bought ION Media Group and Nexstar Media Group also added to its empire by snatching up Tribune Broadcasting — moves that heavily concentrated power in this industry space.

All of those prior deals did not face any of the scrutiny and criticism from this deal, which is curious because the TEGNA deal shrinks the company with the concurrent sale of a number of stations to Cox Media Group, and does not require any statutory divestitures or regulatory rule waivers as each of the above did. And yet, with Standard General’s deal, the informal 180-day “shot clock” for a regulatory decision has long passed.

The point? The lack of opposition to other similar deals shows young entrepreneurs and immigrant founders that even when you try to play fair as a person of color in this industry, you just can’t seem to win.

Related: 5 Ways Entrepreneurs of Color Can Determine an Ally’s Authenticity

The system has to change

In one interview, Kim said that after the takeover, TEGNA would get a “company with a minority owner, run by a woman, that’s committed to serving diverse communities. We think that’s good business.”

It is good business, and I am delighted to see that Kim and Standard Media CEO Deb McDermott have received letters of support from legislators, civil rights groups and minority media groups. I applaud these groups for speaking up in defense of Soo Kim and other minorities in this space. I, too, am doing my part to speak up against these racist attacks. However, that isn’t enough anymore.

The system has to change — and it changes by not allowing these types of attacks, comments and ideals to persist in any way, shape or form. We must stop entertaining the idea that these types of comments are valid or even acceptable. We have as a nation all experienced the heartache of watching videos of racially motivated violence against people of color from all walks of life. Racial oppression takes place in the business world just as it does in the streets, just without the same visible evidence but the same indelible impact on those persons of color involved.

As a business leader, here’s how you can enact systemic change:

  1. When making hiring decisions, stop going with your gut. Newsflash, your gut always leads you to the most comfortable choice. Instead, create a list of metrics you will hire for and focus on hiring someone that meets those metrics. Blind auditions eliminated discrimination in the world’s greatest orchestras. Imagine what it could do for your business.
  2. Be aware that there are challenges diverse individuals face in business that you don’t see or experience. Do your best to factor those in when evaluating candidates. They may not have Goldman Sachs on their resume, but can you see evidence of ability in past academic performance or in other areas like military or community service?

As the great Martin Luther King Jr. said, “An injustice anywhere is a threat to justice everywhere.”

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Better Chip Stock in 2023: AMD vs. STM

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While the last year has been challenging for the chip makers, the outlook for the industry is improving. Moreover, lucrative government initiatives are expected to strengthen the industry further. So, quality stocks Advanced Micro Devices (AMD) and STMicroelectronics (STM) could witness stable growth. But which is the better buy in 2023? Let’s find out.

The semiconductor industry witnessed significant supply chain disruptions in 2022. However, according to Peter Voser, the chairman of Swedish-Swiss tech and engineering giant ABB, the global shortage of semiconductors is expected to ease this year.

Moreover, the CHIPS Act is expected to bolster the industry further. It allocates $52.70 billion for American semiconductor research, development, manufacturing, and workforce development. Lucrative federal investments are expected to help the semiconductor industry thrive in the upcoming terms. The global semiconductor industry is projected to grow at a CAGR of 7% until 2030.

Therefore, quality stocks Advanced Micro Devices, Inc. (AMD) and STMicroelectronics N.V. (STM) are expected to gain significantly. AMD and STM are popular chip makers operating globally.

AMD has gained 16% over the past month, while STM has gained 32.8%. Also, AMD has lost 20.5% over the past three months, while STM has gained 24.5%.

Which stock is a buy? Let’s find out.

Latest Developments

On December 1, 2022, AMD and Viettel High Tech (Member of Viettel Group) announced the successful completion of a 5G mobile network field trial deployment. This collaboration for advanced 5G connection deployment is expected to be strategically beneficial for both companies.

On the other hand, on January 30, 2023, STM launched the world’s first MCU Edge-AI Developer Cloud.

Ricardo De Sa Earp, Executive Vice President of General-Purpose Microcontroller Sub-Group, STM, said, “Our goal is to deliver the best hardware, software, and services to meet the challenges faced by embedded developers and data scientists so that they can develop their edge AI application faster and with less hassle.”

Recent Financial Results

AMD’s revenue came in at $5.60 billion for the fourth quarter that ended December 31, 2022, up 16% year-over-year. However, its non-GAAP operating income came in at $1.26 billion, down 5% year-over-year. Also, its non-GAAP net income decreased marginally year-over-year to $1.11 billion, while its non-GAAP EPS decreased 25% year-over-year to $0.69.

On the other hand, STM’s net revenues came in at $4.42 billion for the quarter that ended December 31, 2022, up 24.4% year-over-year. Its net income increased 66.6% year-over-year to $1.25 billion, while its EPS increased 61% year-over-year to $1.32.

Past and Expected Financial Performance

AMD’s revenue is expected to increase 5.1% year-over-year to $24.71 billion for the current fiscal year 2023, while its EPS is expected to increase 2% year-over-year to $3.58 for the same period. Moreover, its EPS is expected to rise 14.3% per annum for the next five years. Also, it surpassed EPS estimates in three of four trailing quarters.

On the other hand, STM’s revenue is expected to increase 6% year-over-year to $17.10 billion for the fiscal year 2023 and 4.8% year-over-year to $17.92 billion for the next fiscal year 2024. Its EPS is expected to increase 7.7% year-over-year to $4.36 in 2024. Moreover, its EPS is expected to rise 5% per annum for the next five years. In addition, it surpassed EPS estimates in all four trailing quarters.

Profitability

AMD’s gross profit margin of 50.95% is higher than STM’s 47.34%. However, AMD’s EBITDA and net income margins of 24.30% and 9.96% are lower than STM’s 34.76% and 24.55%, respectively. Also, AMD’s ROE, ROA, and ROTC of 7.37%, 2.26%, and 5.72% are lower than STM’s 36.00%, 20.34%, and 20.13%, respectively.

Valuation

In terms of forward EV/Sales, AMD’s 4.85x is higher than STM’s 2.41x. Its forward EV/EBITDA of 14.93x is 114.8% higher than STM’s 6.95x. Furthermore, AMD’s forward P/E of 66.92x compares with STM’s 11.06x.

Thus, STM is relatively more affordable.

POWR Ratings

STM has an overall rating of A, equating to Strong Buy in our proprietary POWR Ratings system. On the other hand, AMD has an overall rating of D, which translates to Sell. The POWR Ratings are calculated considering 118 different factors, with each factor weighted to an optimal degree.

STM has a B grade for Quality. Its trailing-12-month CAPEX/Sales of 19.57% is 679.5% higher than the industry average of 2.51%.

On the other hand, AMD has a D grade for Quality. Its trailing-12-month CAPEX/Sales of 1.80% is lower than the industry average.

In addition, STM has a C grade for Stability, in sync with its beta of 1.30. On the other hand, AMD has an F grade for Stability, with its beta of 1.98.

Of the 92-stock Semiconductor & Wireless Chip industry, STM is ranked #2, while AMD is ranked #88.

Beyond what we’ve stated above, we have also rated the stocks for Growth, Value, Momentum, and Sentiment. Click here to view STM Ratings. Get all AMD ratings here.

The Winner

The supply chain issues in the semiconductor industry are expected to ease this year, which should boost production. Given the steady prospects of the industry, quality stocks STM and AMD should benefit. However, STM’s better financials and attractive valuations make it the better buy here.

Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Semiconductor & Wireless Chip industry here.

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STM shares rose $0.16 (+0.34%) in premarket trading Wednesday. Year-to-date, STM has gained 32.75%, versus a 6.29% rise in the benchmark S&P 500 index during the same period.


About the Author: Riddhima Chakraborty

Riddhima is a financial journalist with a passion for analyzing financial instruments. With a master’s degree in economics, she helps investors make informed investment decisions through her insightful commentaries.

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