Finding the money to fund long-term elderly care can be a worry but as this article shows, you do not need to sell your home in order to pay for care.
Financing long term elderly care can often be one of the most stressful aspects of organizing care for either yourself or a loved one. There are a variety of care options available depending on your circumstances but none of them are cheap and when it comes to something as important as the right elderly care; you will want to pay for the best care possible.
Research by the Live-in Care Hub suggests that many service users have sold, or considered selling, their homes in order to ensure that they have enough finances to comfortably afford long term elderly care for a loved one or for themselves. However, this doesn’t always need to be an option. There are other options available and other financial routes you may take.
Financial help from your local council
If you or your elderly relative do not have large amounts of savings to fall back on to help pay for elderly care then you may be able to apply for social care benefits which will help you to pay for care. This money can be put towards the cost of residential care homes or help to pay for domiciliary of home care services. When there is a medical need for elderly care, the NHS may cover the cost of nurse care.
If your elderly relative has savings of below £23,250 then they may meet the requirements for financial support for their care from your local authority. Your care needs will be assessed by your local social services to determine the level of care required before any benefits are paid. The amount you receive will also depend on how much you can comfortably afford to pay towards your care yourself as well.
Alternatives to expensive care homes
Residential and nursing care homes are without a doubt the most expensive elderly care options. Although your relative may reach a point where they require round the clock support and care, this does not always have to be within a care home setting.
Live-in care services are an excellent bridge between casual support and residential care homes. A carer will move into your or your relative’s property in order to provide care and support for as much time as is required. This will allow your relative to remain in the comfort of their own home which can help with many aspects of both physical and mental wellbeing. Live-in care is also a much more financially viable care option for many families as costs are markedly lower than the cost of moving into a care home or having domiciliary carers coming into the property in shifts.
Live-in care agencies can work with you and your financial budget to find a care plan that suits your needs and your budget. Any social care funding that you are entitled to from your local council can also be used to fund this type of care package which will help to further ease any financial burden so that you do not need to sell your home to fund your elderly care.
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Inspirational quotes are, well, inspirational. But they usually don’t offer any great insights into the minds of the people they’re attributed to.
When they’re properly attributed at all. More often than not, quotes are apocryphal, which means they’re attributed to someone famous who didn’t actually say them (or, at least, wasn’t the first).
So let’s dispense with the inspirational quotes and go deeper. Let’s try our best to understand what actually makes successful people successful. Specifically, people who’ve founded and scaled successful businesses.
These Five Little-Known Founder Habits Are The Perfect Place To Begin
There are multiple five little-known founder habits that will be going to be perfect to begin a successful roadmap. Below I am going to discuss the five little-known habits that are a perfect place to begin.
1. Staying Humble, No Matter How Far You Get
Many entrepreneurs have humble origin stories. Throw an iPhone in Silicon Valley and you’ll probably hit someone who works for a company started in some guy’s garage.
What sets truly humble entrepreneurs apart from everyone else is what they do after hitting the big time. Founders like Steve Streit, who famously launched fintech pioneer Green Dot from his home, managed to stay down to earth after his company became a market leader.
Truly humble founders also tend to know when to step back. Streit now lets others run Green Dot and devotes his time to philanthropy and early-stage investing. Many others, from Bill Gates to Craig Newmark, followed similar paths.
2. Never Being Afraid to Ask Questions
There’s a fine line between projecting competence and being overconfident. The first is a good thing, on balance, for founders. The second is not.
What does this have to do with not being afraid to ask questions? Well, competent people are more than happy to ask questions they don’t know the answer to. That’s how they learn.
Overconfident people are scared of looking like they don’t know something, imagining it to be a sign of weakness. But the opposite is true — being so scared as to be unwilling to learn is a sign of weakness, and likely to hold you back from the success you might otherwise deserve.
3. Being Good at “Two Things” (Instead of One)
“Cross-disciplinary” capabilities are in high demand among founders (and their backers) these days. What this means is that investors and other stakeholders prefer leaders who are neither “a mile wide and an inch deep” nor “an inch wide and a mile deep.” People who can do at least two things very well — say, systems engineering and public communication, or marketing and supply chain management — tend to be better placed to lead growing teams.
4. Cutting Out the Business Jargon
A word of advice: Don’t use terms like “cross-disciplinary.” Instead, say “being good at two things at once.” Sure, it’s more of a mouthful, but everyone understands what you’re talking about, and you don’t sound like a know-it-all. Even if your down-to-earth style turns off industry insiders, it’ll endear you to the broader market.
6. Building a Team That Reflects Your Audience
Warren Buffett famously hires for “integrity first.” But integrity alone won’t get your team over the hump. Nor will competence alone, though it certainly helps.
The most resilient teams have a broad range of skills, perspectives, and influences, so much so that they can be said to accurately reflect the composition of their addressable markets. In a word, they’re as diverse — or nearly as diverse — as the broader public. Anyone who tells you “diversity” is a dirty word is selling something you don’t want to buy, or perhaps doesn’t understand the true meaning of “diversity.”
What’s Your Hidden Superpower?
Self-promotional founders might exaggerate a bit and call these six little-discussed habits “superpowers.” If they make the difference between success and failure, well, that’s a reasonable position to take.
Let’s turn the conversation back to you. Thinking about your own strengths and weaknesses, your own routines and work habits, does anything you do (or feel you’re capable of) rise to the level of “superpower”?
Probably so. The bigger challenge, once you’ve identified your own superpower, is to figure out how it translates to success in life and business. You’ve got the goods; now it’s time to use them.
What Are The 10 Habits Of Successful People?
Did you know that some successful people want to be involved in cultivating certain habits? Below, I will discuss the ten habits of successful people that will help you become successful.
1. Organization
One of the most significant habits of successful people is organization. In this case, organization includes planning and setting priorities along with goals. After researching the fact, it has been seen that Addicted2Success.com’s founder, Joel Brown, says that he always used to follow his self-made to-do list. This helps him to become a successful person.
2. Taking Action
Did you know that success comes from taking Action? Ultimately, taking Action is one of the most significant habits of almost every successful person. It means a person who dreams of achieving success and goals always has calculated plans. In this case, they also consistently implement their calculated plans. After that, they can see the future’s bright and prosperous light, which usually fills with joyful motivation and omnipotence.
3. Relaxation
When this is about relaxation, then it means not just taking naps. But this points to meditating for long hours by closing your eyes. This helps you to become successful in an easier manner. After all, meditation is a big medicine to get your life back; even this can turn your messy thoughts into something streamlined. This will help you think properly, make plans, and move ahead to move right.
4. Personal Care
If you have plans to be passionate about any significant domain, then it will not happen. In this case, always remember that taking care of yourself and keeping yourself clean is also part of achieving success. It is a fact that almost every successful person somehow takes care of their health. This can be done in any way, such as exercising regularly, practicing self-care, eating healthy foods, maintaining a good routine, etc.
5. Positive Attitude
What do you mean by positive habits? Well, this could be anything, right!! In this case, by becoming humble, expressing properly, talking with others politely, and so on. You always have to showcase your positive habits in your workplace. In this way, you can become successful. Not only that, but this is the easiest way to get courage.
6. Networking
Building a network would be an essential part of life. Some successful people always want to add value in exchanging their lives. Networking is mainly known as the value of teamwork and collaboration.
7. Frugality
Frugality is one of the most essential habits for being thrifty. This can happen with anything, such as resources and money. This is another habit that will help you learn economics by avoiding multiple wastages. This would automatically give results in this type of efficiency.
8. Rising Early
Did you know that you won’t be able to succeed without rising early? In this case, a late-morning person can’t get that success compared to an early-rising person. This habit will repeatedly help you to achieve success. This is one of the most remarkable and notable successes among other habits.
9. Sharing
Sharing is another way to become a successful person. Successful people will always have the habit of believing in their success and passions. This would help them to accumulate wealth, especially for themselves.
10. Reading
Books will help you to enhance your knowledge. After all, knowledge transfer and garnering knowledge are also notable habits of a successful person.
In Conclusion
I have discussed 5 Little-Known Founder Habits to Advance Your Career & Personal Life and ten Habits of a Successful Person. Building a good habit is a practice of becoming rich. This old proverb, “failure is the pillar of success,” means you must face failure to reach a thriving destination. Otherwise, it won’t be possible to become a successful person.
I hope you liked this article!
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The 7 Habits of People Who Live Debt-Free Lives
Books & Self Development – How Words Can Help Motivate Yourself
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No matter where you are in the world, you, unfortunately, haven't been able to escape the COVID-19 virus. For most of us, that means we've been stuck inside while the world tries to get back to some sense of normalcy.
Now, since we're all stuck at home, we've taken some time to put together a small list of things that we can all try to help us pass the time. Some might not fit everyone's interests, but hopefully, it gets some ideas pumping for you!
Here are 5 Different Things You Can Try During Quarantine:
1. Study a New Language
This one is much easier said than done, sure. But, don't let your own personal roadblocks get in the way. Nothing is holding you back from downloading an app like Duolingo and taking the first step to getting started.
Even if you have tried and given up before, maybe even multiple times, there's no time like the present!
To be fair, not everyone will have the time due to family issues to devote to something like this. However, hear me out. Using an app makes it super easy to have the app on the tip of your fingers. All you need, according to the app, is 20 minutes a day. You can set goals for yourself based on your schedule. All it takes is a little effort and motivation. I believe in you!
2. Try a New Relaxation Method with CBD
Maybe on the flip side of studying a new language, you want to just take time for yourself and relax. I don't blame you one bit. One thing that I've gotten into recently is CBD. There are numerous different products that offer different strengths for whatever you need.
From oils and gummies, all the way to bath bombs and facemasks, there's a way to get a relaxing CBD fix in just about anything.
CBD can be used to help you relax, all without the side effects of getting high. CBD stands for cannabidiol, which is a strand of marijuana. This extract does not contain the strand of THC, which is the chemical that gives you that high feeling.
Remember: CBD might not be for everyone. If you have any preexisting health conditions, make sure you consult with your doctor.
3. Start an at Home Workout Routine
This isn't something that I at all wanted to take part in, but I finally broke down. A huge benefit to starting some type of at-home workout routine is not just your physical health. Getting the endorphins going is excellent for your mental health as well!
A few celebrities even came out and offered free at-home workout plans. Now more than ever, we must take care of our mental health.
For whatever your reasons may be for doing some at-home workouts, Whatever your reasons, just try and get out and do something, so you don't get stir crazy!
4. Find a New Hobby
Maybe you can use some of the extra time inside to explore a few different hobbies. Have you ever wanted to start that Youtube channel? Do it now. Ever wanted to take up painting? Go for it!
Just like you, your kids have gotten bored staying indoors all the time. You can pick out a great dance studio in Singapore for them and send them to have tons of fun. This can help them learn a new skill, and keep them healthy, all at the same time!
The sky's the limit for you to try out some new hobbies! There are so many resources online that you can use to learn things. Whether it's a new skill you want to learn, something to brush up on doesn't matter. This is all about you!
Just take some time and learn what you want, do something that you really enjoy!
5. Take Virtual Trips Around the World
That's right, you can travel the world during quarantine!
Well, in a sense, you can.
There are many different companies like zoos, parks, museums, and more offering virtual tours that you can take! As long as you have an internet connection and some time to sightsee, you're well on your way!
You can link up with your friends on zoom or fly solo, totally up to you!
It's pretty wild that we live in a day and age where we can have basically the entire world right at our computer screens. In a matter of seconds, you can be anywhere in the world seeing breathtaking views or historical monuments.
How awesome is that?
Conclusion
We're nearing the end (hopefully) of this COVID-19 lockdown, but some of these tips will still be relevant. Some people will probably want to stay inside. If you're one of those people, take a bit of the extra time you may have and put it to good use!
Read also:
5 Best Ways For Seniors To Pass The Time
4 Reasons Why You Might Feel Tired During The Day
Home Maintenance Plans And Cleaning Tips During Covid-19
Have You Been Laid Off Because Of Coronavirus? Here Are 5 Income Earning Opportunities For You
Road trips are one of the best activities to make long-lasting memories. Whether you are planning to take your family or friends on the trip, the first and foremost thing you will want is safety and a joyful moment, which can be possible if you have ensured a few factors.
To explore how you can make your trip remarkable, here are a few things that you can consider:
Check The Battery
It is essential to check the battery condition before you take your vehicle on the trip. This is crucial because the last thing you will want on the trip is to face a dead battery. Facing a breakdown during vacation will be frustrating and time-consuming for you. It will cost you money as well.
So, assign yourself time to inspect the condition of the battery. If the battery has crossed its limit of 3 years, you can upgrade to a Vicoffroad Lithium battery for reliable power.
Making all the changes before you head off toward your destination will give you peace of mind.
Inspect Your Car
Like the inspection of the battery, it is necessary for you to check the condition and working of your car. There are many simple and complicated features in your car, and if any feature goes on malfunctioning, it will affect the entire system. So, ensure that the engine is working fine, tires are rotated, filters are changed, and transmission oil is updated.
If you are wondering if your car will not be able to take you to the destination, you can look for a used car that will help you to reach the destination with complete comfort on the road.
Check The Windshield
When going on a trip with your family or friends, the first thing you will prioritize is their safety. This means you will need to drive safely and defensively when it needs to. But what if there are some cracks in the windshield or it is blurry? How will you manage safety?
It can be impossible for you to ensure safety. So, when planning your trip, you can check the windshield and replace it if you find cracks in the glass.
Pack All Your Essentials
Road trips are all fun when you have the best of the company and all the essentials on the road, which will help you to enjoy the trip without facing any trouble on the road. For this purpose, you will need to pack things safely. Make a list of things that you will need to do on the road. If you don’t have an idea what to pack, you can look online and get a list of the essentials that you will need on the road.
Packing all the essentials for you and your family will prevent any discomfort on the road.
Pack Plenty Of Food And Drinks
There is no limit when it comes to packing food and drinks on the road. It is always better to have extra food and drinks rather than getting out of stock. So, when packing food and snacks, you will need to ensure they will remain good.
By fresh and quality products as you don’t want to get sick during the trip.
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