Fast Trak Inc Book Recommendation!

Here is our book recommendation of the week!

Think and Grow Rich - Napoleon Hill

This book focuses on the importance of interpersonal skills. The author of this book, Napoleon Hill, was a friend of Andrew Carnegie who was the world’s richest man at a point.   Hill filled the  book with advice he learned from Carnegie throughout the years. It focuses on building meaningful relationships and  practicing leadership that people can try immediately.


Fiber Optic Fun Facts

Happy Fiber Optic Friday! Feast your eyes on these five fun facts!

1. Fiber optic fibers use light. If you didn’t know that by now, welcome to the party! On a more serious note, because fiber optic cables emit less heat than electric ones, there’s less chance of a fire in buildings that use fiber optics. Home electric fires are also, sadly, incredibly common, especially these days when entire houses are plugged in and running lights, TVs, kitchen appliances and everything else under the sun! Electric cables can be rendered useless if even a portion of the cable overheats and melts. The signal is disrupted and the energy can’t be used. It’s garbage…dangerous garbage! Not so with fiber optics!

2. Fiber optic fibers are thinner than ever! Yes, it seems even science and technology adhere to New Year Resolutions with the same determination as any of us. And thinner and sleeker means faster and better. Fiber optic cables are thinner than a human hair! Unlike bulky and limited copper wires, data that’s transmitted through lightweight and flexible material can move faster and more fibers can fit into one insulator pipes. That means more data for less cost for both the company and the customer!

3. Fiber optic fibers are incredibly lightweight. How lightweight, you ask? NASA uses fiber optic wiring and cables on their shuttles and rockets to decrease payload and therefore cost of fuel to launch a heavier, metal-wired electrical wiring. Better, stronger, faster, higher! in to Mars higher. Another benefit of lightweight materials like fiber optics is the laborers who install and transport the wiring are at a reduced risk of injury. That means a company does not have to worry about additional padded charges from insurance companies that are looking to make a buck on claims of strain from moving heavy objects and the liability therein. The cost of those claims then trickle down to the consumer! You’re already paying for your own insurance: thanks to widespread fiber optic use, you don’t have to pay for anyone else!

4. Fiber optic fibers love the planet. While not sentient, fiber optic technology is one of the “greenest” out there. It takes a lot more energy to send a sustained electric signal across a plane than it does a single flash of light. In this day and age where consumption has to be kept to a minimum, lower energy output and consumption means a smaller carbon footprint on the environment.

5. Fiber optic fibers shake it off, shake it off! Because fiber optic cables don’t transmit electricity but rather light, they don’t degrade over time like wire cables. They’re not affected by water, wind, ice, or extreme heat! They’re not immune to damage, but they can take a lot more abuse. They’ll take what you can throw at them and do it for longer, again incurring less cost on the company and the consumer.

At the end of the day, fiber optics are amazing!

Lloyd Blankfein explained everything he’s seeing on Wall Street and in the economy with one word

Portia Crowe
Goldman Sachs CEO Lloyd Blankfein has one word to tie together everything happening on Wall Street and in the global economy right now.

It all comes down to confidence, Blankfein said Friday at the firm’s annual meeting.

He was answering a shareholder question about numerous businesses within the bank and how each is affected by things like Fed policy and market volatility.

Each business’ performance can be explained by confidence, Blankfein said.

When it comes to managing money, for example, people put their money in riskier assets when they are confident and more passive assets when they are less confident.

In investment banking, people do more transactions when they have more confidence in the future.

There are “more financings, more equity raises, because people invest more money in their own businesses when they’re confident,” he said.

Right now, Blankfein said, we’re in a low-confidence environment.

“The period frankly for a long time now has been one where growth has been slow, the sentiment in the environment has been toward the negative side,” he said.

That has led to a drop-off in trading volumes and deal flow.

“Those are not generally good trends for the business that we’re in,” he said.

He pointed, however, to “signs on the horizon” indicating that we’re moving away from that environment. The Federal Reserve has started raising interest rates, employment levels are rising, and energy prices are lower, which, he said, “is generally good for the economy.”

Blankfein acknowledged that “we’ve seen signs of false dawns” before, but he nonetheless seemed optimistic about the future.

And if the environment doesn’t improve, he said, his firm will respond by focusing on the things it can control, like cost structure.

No one is buying clothes anymore — here’s what they’re spending money on instead

Hayley Peterson

Retail stocks have been getting hammered this week following disappointing quarterly sales numbers from a handful of stores, including Macy’s, Gap, Kohl’s, Nordstrom, and Target.

Executives from nearly every company blamed a spending pullback in one common category for the declines: apparel.

So if consumers aren’t spending on clothes anymore, what are they buying?

People are instead buying big-ticket items, like cars, boats, and swimming pools, as well as building new homes and furnishing them, according to an analysis by Jharonne Martis, director of consumer research for Thomson Reuters.

Consumers are also spending on hotel stays and travel, she found.

To determine where people are diverting their spending money, Martis analyzed Commerce Department data and identified the highest retail performers in terms of earnings growth rates.

“When looking at the winners in terms of earnings, it’s clear there is a nesting theme,” Martis wrote.

Here are the top earnings growth rates, according to Martis’ research. (The first company listed, MarineMax, is a recreational-boat retailer).

screen shot 2016-05-18 at 10.53.52 am

10 Habits of Successful People

Everyone needs every advantage they can get in the working world. Here we’ve compiled some of our favorite tips for getting your day off to a SUCCESSFUL start.

1. Wake up an hour early. Yes, we know, we know. An hour? But that’s what the snooze button was invented for! Well break that habit once and for all. People who wake up an hour early have the time to take care of themselves, eat a healthy breakfast, and gradually prepare for the day without the hectic running around, key-finding, and stressful panic.

2. Early birds also get to enjoy a bit of peace and quiet. In your car or on the train, you might listen to the radio, your music, or the chaos around you. Taking some time to just enjoy the sounds of silence will center your mind and let you be alone with your thoughts.

3. Early to bed…To still get the seven to eight hours of sleep you need, go to bed an hour early. Turn off the Netflix, put down the phone, and get some Zzs! Getting enough sleep amplifies your ability to think clearly when you’re awake, and it boosts your metabolism. If your body is rested, it performs at it’s peak ability!

4. Pack some snacks. Rather than working through lunch, keep some nuts, yogurt, peanut butter, fruit, etc. at your desk so you can graze all day. It’ll stave off the dreaded 2pm wall and keep your blood sugar from crashing and burning.

5. Keep moving. Start your day with a few push ups or a walk around the block. Then at work, keep moving! Print and hand-deliver that memo. Walk to a bathroom on another floor. Movement keeps your blood flowing through your body, especially to your brain, to help you think clearly and stay awake.

6. Talk to friends/family. Taking the time to talk to people you care about and who care you about early in the morning gets you off to a more positive and optimistic start. You can use that energy to power you through that morning meeting you used to dread!

7. Have a mantra. Speaking of positivity, sometimes you have to be your own cheerleader. Motivation starts from within you, so have a key word or phrase that keeps you going through the day.

8. Visualize. Visualization during that quiet time in the morning will clear your head and help you prioritize your day. Decide what needs to be done in what order and following that road map will lead you to a successful end to the day!

9. Check yourself. Keep that check list on you and mark things off as you accomplish them. You’ll be able to actually see yourself kicking butt and taking names and you’ll feel that much better because of it.

10. Purge. At the start of every day, de-clutter your life. Get rid of those old magazines, files, receipts and other miscellaneous junk pieces cluttering your desk. It’ll make you feel better (physically and mentally) and you’ll improve your productivity.

Have a great week!

Businessman Midair in a Business Meeting

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