In our days more and more people decide to start a relationship with a co-worker. The reason why this happens is that many young professional men and women are spending almost all their time at the office, so they have less time to go out and meet new people. So, it is natural to seek friendship and companionship from colleagues.
But for many times, this friendship transform into a relationship that in most of the cases fail. There are many risks that make this very difficult to maintain. But not many people know about this before they start a relationship. So, if you are a very busy man too and spend all your time in an office, and decided to date with a co-worker, you should take a closer look at all the potential benefits and disasters that could be associated with this new career move.
There are some aspects that you should take in consideration:
-Before you ask your co-worker for a possible date, check if your company has an employee dating policy; the company may have strict rules about any relationship that forum between you two; also think about how much you are wiling to risk your career for this relationship from the beginning
-If you didn't ask her for a date already, and don't know how to do it, you may organize a group outing or event and invite her; but if she refuse, you have to think at something else; suggest something casual like dinner or movie
-Before ask her for a date, make sure that you know as much as you can about her; so develop an office relationship before you develop a romantic one
-You must think about what happens if your relationship doesn't work; will you be able to handle the situation to see your co-worker every day, to interact her daily? It may be very difficult to re-establish a professional demeanor with a person
-At final one of you have to leave this job because thing's don't work out or because it's against the company policy to date fellow employees
-Or worst, you don't know what your partner is capable to do if things don't work between you two, it may be ruining your career
-Dating a co-worker can affect your work, if you are unable to differentiate between work and pleasure; so agree to not flirt at work, you have to set up relationship rules for the workplace
-Avoid signs of affection in public such as hand holding, kisses, flirting; you'd better meet off-site for lunch or after program hours
-It is true that you have a lot in common, that you will go with pleasure every morning at the office anxious to see her, and it is a person with who you will always have what to speak about;
-You have someone to confide in concerning your work problems; she may be a great help; but, there are more negatives aspects about this kinds of relationships
-Remember that you have to maintain a professional image, so don't let your relationship affect your performance; if your romance is affecting your work, you may be asked to end your relationship or to find another job
-A relationship like this can create problems in your promotion; the boss may see that you are more preoccupied by your partner than your work
-Develop open communication, if you are dating with a co-worker think about the fact that you have to have two different types of relationships, business and romantic, with the same person;
-Never date with a subordinate because you may be accused for favoritism by the others employers; the others co-workers will exclude you now from certain conversations, will not discuss anymore with you about privacy
-If you spend more and more time with her during the office hours, the more and more you will distance yourself from your associates, those you've developed personal relationships with;
-If you start a relationship with a co-worker it is better to keep it secret; it will need a lot of discretion, energy and effort to keep your office romance just between you two; so don't tell your colleagues about your romance because your both work will be definitely affected
-Also avoid sending electronic love messages or letters because some companies prohibit the use of company e-mails system for personal use, others reserves the right to access or disclose electronic messages or files of an employee
-As a benefit, you get to have lunch together; so from a usual boring office lunch, you can have part of one full of flirting
As you see there are some benefits but most of them are downsides. I suggest you to think very well if you really want to get into a relationship that may affect your career and if you are ready to do this. As I said, it may be very difficult to make it work. But, it remains at your choice what you are going to do.
War Good Or Bad
Many people today are having difficulty meeting their loan commitments and as a result look to debt consolidation as a means to reduce their monthly outgoings. The normal process for debt consolidation is to wrap up your credit card debt, any personal loans, your car repayments perhaps - all into your home loan mortgage. There is no doubt that debt consolidation is attractive in that the interest rate you pay on your credit cards and personal loans is always higher than that payable under your standard mortgage because the personal debt is unsecured ? you can disappear and the lender has no recourse to a property or asset to sell in order to recover the money it has lent to you.
Debt consolidation also appeals when you look at the monthly repayment you are making on your new car or used motor vehicle. Lease and hire purchase repayments on a new car or used vehicle are always high because they include a large slice of principal each month because you are required to repay most of the new car price within a maximum of 5 years. The term is short as opposed to your standard 25 ? 30 year term under a home loan. When you look to debt consolidation to ease these payments and improve your cash flow you must remember that in doing so, you will pay significantly more over the loan period than you would have if you had managed your car loan repayments under a lease. If you can avoid debt consolidation and stick with your lease then
1. you will significantly reduce the amount you owe on the car within 5 years
( residual will still remain)
2. the amount by which you have reduced the lease should be such that when you come to sell the car its value should be sufficient for you to pay out the residual under the lease.
If you decide on debt consolidation then after 5 years of a standard 25 year loan you will have only made a minimal reduction to your car loan and it is unlikely that if you sold the car after 5 years you would get a price that would repay the outstanding loan
Compare $25,000 car. 5 year lease of $15,000 @10.5% with residual of $10,000
Monthly instalment $322. Total interest over 5 years $4345
At the end of 5 years you owe $10,000.
Car value likely to be around $10,000.
With $25,000 debt consolidation into 25 year mortgage
Monthly repayment $201
At end of 5 years you will owe around $22,000 on the car
Car value will not be sufficient to repay the car loan portion of the debt.
So while debt consolidation certainly reduces your cash flow and is a far better option to losing your home if you are struggling with debt repayments, because you only pay off a small amount of principal in the early years of a longer term home loan, you are not financially better off in the long term because you have paid significantly more interest and if it is a car lease you are refinancing in the debt consolidation process, because cars are depreciating in value from the moment they leave the showroom, the value of your car when you come to sell it will not be sufficient to repay the car loan portion of your home loan debt.
Both Ovi Dogar & Raymond Gray are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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