Many people think that the Federal Reserve’s increasing interest rates for the first time since 2006 is a bad thing because it would induce inflation. I, however, think that this is a prime time to be proactive instead of reactive. I think that this is good time to position yourself for a raise. The interest rate hike is eating your paycheck and you will need more money to stay afloat. In addition, this rate increase has come at a wonderful time: the end of the year because you can take everything in your annual review, highlight the good parts and repositioning yourself to ask for a raise next year. There is positive in almost everything. Use this Federal Reserve rate increase to demand more out of yourself and your paycheck.
Today is September 1st, the ninth month of 2015. If you haven’t completed what you want to thus far, I have good news and bad news. First, the bad news: 2/3 of 2015 is gone. Now, the good news: 1/3 of 2015 is left and you can still accomplish your goals with four months remaining. You can divide your tasks into quarters. September is the 1st quarter. October is the 2nd quarter. November is the 3rd quarter. December 4th quarter. Prioritize your must have tasks by quarters. Next, fast-track and accelerate mandatory tasks during the 1st quarter (September) by doing more than one task at the same time. Fast-tracking would increase risks which is why you would develop a contingency plan to handle any potential bottlenecks. Monitor the fast-track items’ progress with biweekly reporting to determine if you need to reallocate your resources. Finally, create a monitoring schedule for October through December to complete the fast-track tasks before the end of this year. Following these steps will ensure that you can still complete your mandatory tasks in the final third of the year.