Author: blogs2025

  • How to Keep Momentum Post-SSD

    How to Keep Momentum Post-SSD


    You have been crushing our 8 week Spring Slim Down Challenge! We can’t believe how fast this challenge went by! As the challenge comes to an end this Sunday May 4th, you might be wondering what to do next or how do I not lose this momentum?

    I have just the tips you need to stay on track and hit those goals! Plus, a BRAND NEW challenge, details at the end!!

    1. Set New Goals

    After completing the Spring Slim Down challenge, take some time to reflect on your achievements and set new goals for yourself. Whether it’s improving your strength, increasing your endurance, or trying a new video in MOVE, having clear goals will help you stay motivated.

    2. Establish a Routine

    Creating a daily routine that includes time for exercise and healthy eating can help you stay consistent with your healthy habits. Make exercise a priority by scheduling it into your day, just like any other appointment.

    3. Accountability Groups

    Keep up with your Accountability group! Just because the challenge ended doesn’t mean your group check ins have to! Having someone or a group to hold you accountable can make a big difference in staying on track. 

    4. Focus on Nutrition

    Remember that exercise is just one part of the equation. Paying attention to your nutrition is equally as important for maintaining a healthy lifestyle. Focus on eating whole, nutrient-dense foods to fuel your body and support your fitness goals.

    5. Celebrate Your Progress

    Don’t forget to celebrate your achievements, no matter how small they may seem. Recognize the hard work and dedication you’ve put in during our Spring Slim Down challenge and continue to celebrate your progress as you move forward.

    What To Do Next

    Join my NEW Move in May Challenge! This May, we’re ditching the all-or-nothing mindset and focusing on one simple, powerful habit: walking daily. Move in May is your chance to commit to 20 minutes or 1 mile a day and feel the difference—physically and mentally.

    Let’s walk into a healthy summer together—one step at a time. Get the Move In May Calendar!

    By following these tips and staying committed to your health and fitness goals, you can keep the momentum going post-SSD and continue to see progress in your journey towards a healthier lifestyle. Remember, small habits lead to big changes!



  • Do I really need to use accounting Software?

    Do I really need to use accounting Software?


    This will really depend on the kind of business you have however an accounting software will make you like easier and keep your financials organised. No one wants to deal with a giant shoebox filled with receipts and invoices at the end of the financial year.


    An accounting software helps you to complete everything from the basic recording of income and expenses through to producing financial statements. These systems can save you (or your accountant) a lot of time which in turn saves you money and can improve the decision making within your business.
    There other factors to consider like whether you have a stable internet connection, if you don’t a cloud based accounting software may not be the best option for you. Cloud based accounting is very popular now as you have the ability to access the software from anywhere at anytime.


    If you have a rental a spreadsheet may do the job for you. You could consider a free software like Wave, zipbooks or Akaunting. These provide options from very basic reports to more comprehensive dashboards and all have free options.

    4 Questions to help you find the right software

    1. What does your business need?

    List the accounting tasks that you need the software to complete. If you are a freelancer or sole trader that tasks you need it to do will be far less than a large more complex business.

    2. Will the Software grow with my business?

    Think about how your business will look in the future. Can you upgrade the software to more features that you require later. A one-man band may look to subcontract later and hire a larger team which may require the ability to run more comprehensive reports to track financials.

    3. Is the software easy to use?I

    This is very important especially if you aren’t overly tech savvy. Software with a lot of features can be overly complex to use. You don’t want a software that requires an accounting or IT degree to use and takes ages to send an invoice as there is so many things to complete before being able to send it.

    4. Is the customer support any good?

    It is always good to check online reviews to ensure you will be supported if something goes wrong. They don’t have to have a phone number however an email address or chat function that is actually monitored is helpful especially if they send detailed instructions to fix issues like Xero does.

    Choosing the right accounting package is important as you don’t want to have to change software in a years time. This can end up costing you more as you may need an accountant to setup new software and import all relevant data from your old system to setup the next one.

    We have exciting news that a new accounting software firm has entered the NZ market in that last couple of weeks. Check out our next article to see the packages that they are offering to the NZ market. This may tick all the boxes that you need in a software or it could be perfect for someone you know who is starting a new business. While we are big advocates for Xero as it is so easy to use, we are happy to let the small business community know about other software that may suit their needs better.

  • What Is Roadside Assistance? | The General

    What Is Roadside Assistance? | The General




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  • HSA Rollover Rules

    HSA Rollover Rules


    Do you have an old health savings account (HSA) that is just gathering dust? Understanding the HSA rollover rules can help you make the mont of that account.

    While you’ll never lose an old HSA, even when you leave a previous employer, leaving your account untouched isn’t the best idea. Taking advantage of an HSA rollover can put you back in charge of your money. Let’s explore the HSA rollover rules and guidelines.

    What Is an HSA?

    What Is an HSA?

    A health savings account (HSA) is a tax-advantaged savings account that you can use to pay medical expenses that your health insurance doesn’t cover.

    Usually, an HSA is set up by an employer. You can contribute pre-tax income to the account and withdraw it as needed to pay for doctor visits, dental services, and more.

    To open an HSA you will need to have a high-deductible health plan (HDHP). The IRS sets strict guidelines on how much you can contribute to the HSA and what you can use the funds for.

    What Are the Benefits of an HSA

    Tax-free status is one of the biggest benefits to HSAs. You can contribute pre-tax dollars to the account and take distributions for qualifying expenses without ever paying income tax.

    Plus, funds in the account can be invested and grow tax-free, and the funds never expire.

    Even if you lose your employment or HDHP insurance, you get to keep your HSA account. At the age of 65, you can take distributions with no penalty.

    👉 Learn more: Unravel the complexities of the tax system and understand how do taxes work for individuals with our straightforward explanation.

    What Is Covered By an HSA?

    HSA funds can be used for a wide variety of health-related services, including services that insurance may not traditionally cover, such as:

    • Infertility treatments
    • Acupuncture
    • Hearing aids
    • Dentures
    • Childbirth classes
    • First aid kits
    • Acne treatment

    For the complete list of expenses covered (and those not covered), see the IRS’s 2022 Medical and Dental Expenses publication.

    🏥 Learn more: Discover how to secure health insurance while self-employed with our step-by-step guide tailored for freelancers and entrepreneurs.

    Basic HSA Rollover Rules

    A HSA rollover occurs when you move funds from an old HSA into a new one. If you want to roll over your existing HSA funds into a different HSA, there are two important HSA rollover rules to remember.

    1. You can complete an HSA rollover only once every 12 months
    2. You have 60 days from disbursement to deposit funds into an HSA

    If you violate rule 2 above, you’ll be hit with a 20% early HSA withdrawal penalty, and the money will be considered income.

    Let’s say you take a $5,000 withdrawal, and your distribution is taxed at 22%. Your penalty would be $1,000 (20% x $5,000), and your tax total would be $1,100 (22% x $5,000). This leaves with only $2,900 after penalties and taxes.

    It’s also worth noting what is not required when completing an HSA rollover.

    • You do not have to be currently covered under an HDHP
    • You do not need to be currently eligible to make HSA contributions
    • Rollovers do not count towards yearly contribution limits
    • Rollovers do not count as income

    The IRS sets the above rules and regulations. Individual HSA providers may have their own HSA rollover rules.

    How Does an HSA Rollover Work?

    Completing an HSA rollover is straightforward, but you will have to complete a few steps.

    🏃‍♂️ Step 1: Choose a new HSA provider

    You can roll an HSA over to an existing HSA or open a new one. Make sure to research the HSA provider thoroughly and inquire about any limitations or fees associated with a rollover.

    🏃‍♂️ Step 2: Initiate the rollover

    You’ll need to contact your old HSA provider (or plan administrator) to initiate the rollover. The provider will then issue you a check for the full value of your account. This process can take several days.

    🏃‍♂️ Step 3: Deposit the check

    Once the check is cut, the clock starts on the 60-day rule. Check with the new HSA provider to see how they accept funds (i.e., can you sign over the check, or do you need to deposit the funds and then transfer). If you haven’t completed step 1 yet, you’ll need to do that ASAP.

    Keep in mind that HSA funds won’t be available for you to use during the rollover process.

    HSA Rollover Rules Versus Transfer Rules

    One alternative to an HSA rollover is an HSA transfer. Transferring funds from one HSA to another often has fewer limitations than a rollover. Here are some key differences.

    HSA Rollover HSA Transfer
    Funds are issued directly to you Funds are transferred between providers
    Allowed 1 rollover per 12 months No limitations on the frequency
    Usually requires the old account to be emptied and closed out Partial transfers are possible
    Fee-free Sometimes comes with a fee
    Potential tax penalties if you exceed 60 days It can take several days to several weeks to complete
    Can take several days to several weeks to complete Often processes quicker than a rollover

    On paper, an HSA transfer is preferable, especially if you have multiple HSAs that you are looking to consolidate. However, some providers don’t allow transfers, and others charge fees for transfers, which can make a rollover the better option.

    Should I Roll Over My HSA?

    If you have an old HSA from a previous employer sitting unused, it may be worthwhile to look into completing a rollover. However, you should consider a few things before initiating that rollover.

    Account balance is a major factor. If your old HSA balance is low, it might be easier to simply spend the funds.

    Account fees are another important consideration. If your old account charges hefty fees, then a rollover makes sense. But if your new account has higher fees, leaving the old account intact might be the better choice.

    One more point of consideration is account options, specifically investment options. Different providers offer different investments and have different thresholds and limitations for investing. If you are getting good returns with your old HSA, you might want to keep the funds there.

    Finally, you’ll want to evaluate the timing of the rollover. If you have an upcoming need for medical services, you may want to postpone your rollover. Or if you have multiple HSAs you wish to consolidate, the once-a-year limit may mean postponing some of your rollovers.

    Just remember, if you do proceed with a rollover, you need to follow all the HSA rollover rules to avoid costly penalties.

    FAQs

    Am I Eligible to Contribute to an HSA?

    The IRS has strict rules on who can contribute to an HSA and how much can be contributed. Here is the 2023 summary. This HSA contribution eligibility is often cited in rollover and account usage guidelines.
    To be eligible to contribute to an HSA, you need to have a high-deductible health plan (HDHP) and not be covered under any other health plans. 
    You cannot contribute to an HSA if you can be claimed as a dependent or you are currently receiving Medicare benefits.

    How Much Can I Contribute to an HSA?

    This depends on your age and whether or not your HDHP is a single or family plan.
    For 2023, the limits are as follows:
    – $3,850 for self-only
    – $7,750 for family coverage
    – $4,850 for self-only or $8,750 for family coverage if you are 55 or older
    HSA rollovers do not count towards annual contribution limits.

    Do I Need to Report HSA Rollovers on My Taxes?

    No. HSA rollovers are not distributions and should not be recorded as distributions, income, or contributions.
    You will need to report all other HSA contributions and withdrawals for the year. 
    If you exceed the 60-day rollover completion window, then you will need to report the rollover as income and pay taxes accordingly.

    Can I Transfer Funds From My Retirement Account to My HSA?

    Yes. Once in your lifetime, you can move funds from a Roth IRA to an HSA, but only if you are currently eligible to contribute to an HSA. Transferred funds do count towards your annual contribution limits.
    You cannot transfer funds from a 401k to an HSA.

    What Happens if I Lose My HDHP?

    If your insurance no longer qualifies as “high-deductible,” then you can no longer contribute to your HSA.
    You will still retain access to your HSA and can initiate rollovers and manage investments as needed. You can also still take qualified medical-related distributions, even though you don’t have an HDHP.

    What Happens to Unused HSA Funds?

    Nothing. HSA funds remain in your account indefinitely, even if you leave your employer. Depending on your provider’s account fees and investment options, your balance may continue to increase or decrease without you making additional contributions or taking distributions.
    Beginning at age 65, you can start taking non-medical distributions.

    What Is the Difference Between an FSA and an HSA?

    Both HSAs and flexible spending accounts (FSAs) allow you to spend pre-tax dollars on eligible medical expenses. However, the requirements and limitations are different. 
    You do not need an HDHP to qualify for an FSA. An entire year’s worth of funds are available at the beginning of the year. 
    On the FSA downside, funds do not roll over each year. Any money you don’t use by the end of the year is forfeited. FSA funds cannot be invested either, so there is no tax-free growth. FSAs are self-only accounts with smaller contribution limits.

    Can I Ever Cash Out My HSA?

    Yes, you can cash out your HSA anytime; however, there may be penalties.
    Distributions for non-medical expenses are taxable and will incur a 20% penalty. So, if you withdraw $10,00 from an HSA, you’ll get hit with a $2,000 penalty plus income tax.
    There’s an exception for those 65 or older. At age 65, you can take penalty-free distributions from your HSA. Non-medical withdrawals at this age will still count as income, though.

    What Happens to My HSA If I Die?

    If your surviving spouse is the beneficiary, then account ownership will be transferred to them. The transfer is not taxable, and they can continue using funds for their own medical expenses and, at age 65, begin taking penalty-free non-medical distributions.
    When the account’s beneficiary is not your spouse, the account ceases to be an HSA. Funds become taxable income to your beneficiaries. There is no 20% early withdrawal penalty.

  • How to Start a Yoga Business

    How to Start a Yoga Business


    You know that feeling when you walk out of a yoga class and everything feels better? Your mind is calm, your body feels alive, and you feel focused on what really matters. Here’s a thought: what if you could turn that feeling into something bigger—not just for yourself, but for others? 

    Whether you dream about teaching yoga, creating online yoga content, or even opening your own studio, there’s a space for you in the yoga world. The exciting part? You don’t need to follow just one path to build a yoga career. Just as you would sequence the ideal yoga flow for yourself, you can mix, match, explore, and shape your yoga career in a way that fits your life, personality, and goals. 

    The yoga industry is thriving right now. It’s a $107 billion + industry with big momentum expected through 2030, offering lots of opportunity for passionate fitness instructors,  yoga enthusiasts, and entrepreneurs. So, if you’re wondering whether you could make yoga part of your career, here’s your roadmap to getting started! 

    Why Becoming a Certified Yoga Instructor Is Your Best First Step 

    First things first: before you start designing your dream studio, prioritize earning your yoga instructor certification. A solid certification program helps you build the confidence, knowledge, and skills to safely and effectively guide others on the mat. Without proper training, it’s tough to re-create the effective, nourishing experiences your favorite instructor guides you through. 

    A good yoga certification program teaches you everything from proper alignment and breathwork to sequencing and how to hold space for all types of students. AFPA’s new Yoga Instructor Certification offers a foundational, flexible, and affordable option you can complete from home at your own pace. If you have a full-time career or a household of kids to manage or live far away from an in-person training studio—or all of the above—this certification can be your launchpad to a fulfilling yoga career. It’s designed to fit your busy life. 

    The Many Possibilities of a Career in Yoga 

    With a yoga instructor certification under your belt, there are so many exciting paths you can follow, and each offers its own advantages. What matters is choosing the path you want that aligns with your goals, personality, and lifestyle. 

    Many yoga instructors choose to teach at an existing studio or gym part-time, ranging from everything from CorePower Yoga to your local YMCA. You can offer private or small group yoga sessions, working with clients either in their homes or your own small space. Or you could rent a shared space inside a wellness center, food co-op, or community center and host your own classes and workshops. 

    If you love creating, you might become a yoga content creator and use the social following you have on YouTube, Instagram, or TikTok, to offer online classes or paid digital products. If you’re the entrepreneurial type, you could open your own small yoga studio or start a franchise location. No matter which direction you choose, remember that each is valid and full of possibility. You are capable of creating a yoga career that feels authentic to you. 

    What You Need to Know About Opening a Yoga Studio 

    Wondering how to start a yoga studio? If you have the entrepreneurial itch and must scratch it, the best way to get started is do your research and write a yoga studio business plan. Before you start designing your dream space, thoroughly understand whether you have a market, what the competition looks like, lease costs and terms, business insurance, your revenue model, what type of equipment you’ll need, how to staff the studio, and how you will market your business. Take a business course, familiarize yourself with your local chamber of commerce, talk to other local business owners, and consider hosting a few “yoga in the park” sessions and ask attendees if they’d be interested in joining a yoga studio. 

    Yoga studio set up costs can range from $15,000 to $100,000 or more, depending on your location, space, and how big you want to go. Retail spaces in the U.S. have an average cost of about $200/square foot, so a 1,000 square foot yoga studio retail space might cost around $200,000. On top of this, commercial leases are often at least two years with large upfront security deposit. Consider finances carefully before jumping into a large studio, and remember that you can always scale up as your business grows. 

    Renting a Yoga Space or Joining a Yoga Studio Team 

    If owning a studio sounds overwhelming, renting space or joining an established studio’s team might be a better fit. Renting space from an established studio or gym gives you flexibility and control without the burden of ownership. You can host your own classes, workshops, or events, and only pay for the time or space you use. 

    Don’t want to manage your own business? Working as an employee or contractor at a yoga studio means you get to focus on teaching, connecting with students, and growing your skills without worrying about marketing, sales, and business. Many instructors (especially part-time ones) love this setup because they can devote more of their time to doing what they love—being on the mat and teaching. 

    If you choose to rent independently, using yoga business software like Mindbody or Acuity can help you manage class bookings, payments, and client communications. Even if you’re starting small, having reliable systems in place makes a big difference. 

    Teaching Private Yoga or Specialized Sessions 

    For some instructors, the magic happens in private or semi-private settings. Teaching yoga one-on-one or to small groups can be rewarding and financially sustainable. You can work in clients’ homes, corporate wellness programs, schools, senior centers, or even run specialized workshops. This path offers freedom and flexibility to create a schedule that works for you, as well as the potential ability to charge premium rates for customized experiences. Plus, you get to build strong, personal connections with your clients and help them with their specific goals. 

    Becoming a Yoga Content Creator or Online Instructor 

    Do you love yoga but also want to become a digital creator? You can start an online yoga business by offering virtual classes, building a YouTube channel like Yoga With Adriene has done, running a subscription platform, growing a social media following, and collaborating with wellness brands for partnership opportunities. This exciting path opens up creative and entrepreneurial possibilities that reach far beyond your local community. 

    Creating yoga content online isn’t easy, but it can be incredibly rewarding if you enjoy connecting with people and sharing your expertise through video, audio, or written content. Plus, the potential reach allows you to touch lives all around the world. 

    AFPA Yoga Instructor Certification

    Explore AFPA’s Yoga Instructor Certification Today 

    Gain the skills, resources, and confidence to integrate yoga into your life and career.

    Branding Your Yoga Business — From Names to Logos to Marketing 

    No matter what path you choose, creating a strong, consistent brand matters. Your yoga business name should be easy to remember and align with your mission or style. Do you want to highlight your personal story, your location, or a particular philosophy or theme? A good yoga business logo visually represents your vibe and helps people instantly recognize your offerings. But don’t get stuck here—you can start simple and refine over time. 

    When it comes to yoga business marketing, focus on the basics: a simple website, active social media profiles, and yoga instructor business cards you can hand out or post in your community. You don’t need to spend thousands of dollars on advertising. Instead, focus on being authentic, clear, and consistent. 

    Is Yoga a Profitable Business? 

    Here’s the big question: is yoga a profitable business? The answer is, it depends—on your location, your offerings, your audience, and how you structure your income streams. Some instructors teach part-time and earn a few hundred dollars a month. Others build full-time incomes by combining group classes, private clients, online content, workshops, and even product collaborations. Still others join a yoga studio franchise, benefiting from established brand recognition and support. 

    The average small fitness or wellness studio in the U.S. earns around $78,000 per year in revenue. Top studios and successful online creators can bring in much more. But remember: profitability isn’t just about income. It’s about managing costs, balancing workload, and sustaining your passion over time. 

    What Licenses or Permits Do You Need to Teach Yoga? 

    In most areas, you don’t need a specific license to teach yoga. (Though, an online yoga certification equips you with the skills to start teaching!) But if you’re running a business, you do need to operate legally. So, what license do I need to open a yoga studio or work independently? 

    You’ll need to register your business, get liability insurance, and comply with local zoning and health regulations. Requirements vary by state and city, so it’s smart to check with a local small business association or an accountant who understands wellness businesses. Taking care of the legal side may not feel glamorous, but it’s essential to protect yourself and build a professional reputation. 

    Avoiding Common Pitfalls (and Keeping Your Passion Alive) 

    Let’s be honest: passion alone doesn’t pay the bills. Many new yoga professionals make mistakes like undercharging, overbooking themselves, skipping marketing, or burning out. Avoid letting the same happen to with preparation and a growth mindset. Lean into learning and ask for help when you need it, whether that’s from studio owners, other instructors, other business owners, or professional advisors. And above all, stay connected to your “why”—the reason you fell in love with yoga in the first place. When you keep learning, experimenting, and adapting, you create a career that can evolve alongside you for years to come. 

    Here’s what I want you to remember: the possibilities for yoga instructors are endless. You can teach part-time, run online classes, open or franchise a studio, or create inspiring content. You can start slow, test ideas, and shape a path that feels authentic and sustainable for you. 

    The yoga industry is wide open, full of people hungry for connection, healing, and growth. There’s space for your unique voice, your passion, and your gifts. So, what’s the first small step you’re ready to take today? 

    Shana Walsh, PhD, NBC-HWC, MCHES

    Reviewed by

    Shana Walsh, PhD, NBC-HWC, MCHES

    Dr. Shana Walsh earned her PhD from Baylor University where her research focused primarily on health behavior science, and specifically the theoretical underpinnings of why people make choices that either support or hinder their health. She is a former associate professor of health education and a practicing health coach. Dr. Walsh’s professional certifications include National Board-Certified Health and Wellness Coach, Master Certified Health Education Specialist, Certified Personal Trainer, and Registered Yoga Teacher. 

    AFPA Yoga Instructor Certification

    Explore AFPA’s Yoga Instructor Certification Today 

    Gain the skills, resources, and confidence to integrate yoga into your life and career.

  • Business Growth using AI Tools

    Business Growth using AI Tools


    Next week I have a speaking engagement to share with a room of professionals about ‘AI’. It is such a big subject and everyone seems to be talking about it. It reminds me of back in the day when the Internet was in its infancy. All talk but not so much action.

    I thought it would be interesting for my readers to learn a little bit about what I have learned and how I am using AI to massively improve my productivity. I will split my presentation into sections on particular business functions. I will be focussing on:

    “How do I grow my business cost effectively when I just don’t have enough hours in the day?”

    Marketing – always more to do, never enough budget – and how do I stand out from the rest. AI is a game changer – especially for a start-up or Entrepreneur who is still trying to do a lot themselves.

    There is still a place for experience, creativity, and human emotion.

    When you think about ‘where should I start?’ consider what is the one bottleneck in your business that if you solved it – life would become easier.

    Below, I explore look at how AI tools are revolutionising marketing strategies, with examples of well-crafted prompts that maximise potential – so you can give it a try for yourself. (I might have had AI help me some what with the below). The most important thing to remember is to review what comes back, based on your own experience and who your audience is. Not everything produced by AI is factually correct or right for your brand.

    AI-Powered Content Creation

    AI tools like GPT-4 by OpenAI are transforming content creation. These tools generate high-quality content quickly, reducing the time and effort required for writing and editing.

    • Example Prompt: “Generate a 500-word blog post on the latest trends in digital marketing for small businesses, highlighting the impact of social media and SEO strategies.”
    • Benefits: Saves time, ensures consistency in tone, and allows marketers to focus on strategic tasks – but always check it.
    Enhanced Customer Segmentation

    AI algorithms analyze vast amounts of data to identify patterns and segment customers more accurately. This enables personalized marketing strategies that resonate better with target audiences.

    • Example Prompt: “Analyze our customer database to identify distinct segments based on purchasing behavior, demographics, and engagement levels.”
    • Benefits: Improves targeting and personalization, leading to higher conversion rates.
    Predictive Analytics for Campaign Optimization

    AI-driven predictive analytics tools forecast future trends based on historical data, helping marketers optimize their campaigns for better outcomes.

    • Example Prompt: “Predict the performance of our upcoming email marketing campaign based on past campaign data and suggest improvements.”
    • Benefits: Enhances campaign effectiveness, reduces wastage of resources, and improves ROI.
    Chatbots for Customer Engagement

    AI-powered chatbots provide instant customer support and engagement, improving user experience and freeing up human resources for more complex tasks.

    • Example Prompt: “Create a chatbot script that guides users through our product catalog and assists with common queries.”
    • Benefits: Enhances customer satisfaction, provides 24/7 support, and reduces response time.
    Social Media Monitoring and Sentiment Analysis

    AI tools monitor social media platforms to gauge public sentiment and gather insights about brand perception. This information helps in shaping marketing strategies and addressing customer concerns promptly.

    • Example Prompt: “Analyze social media mentions of our brand over the past month and provide a sentiment analysis report.”
    • Benefits: Improves brand management, identifies potential PR issues early, and enhances customer relationship management.
    Personalization of User Experience

    AI personalizes user experiences by recommending products, content, and services based on individual preferences and behavior.

    • Example Prompt: “Generate personalized product recommendations for each user based on their browsing and purchase history.”
    • Benefits: Increases customer satisfaction and loyalty, boosts sales, and enhances user engagement.
    Conclusion

    And there is so much more!  There are tools that help you craft content specifically designed to optimise for search (SEO) perhaps you could get it to help you craft the perfect brand promise, edit images or create great designs… If it is a bottleneck in your business then there is probably an AI tool that is changing the way we do business.

    It might be worth practicing. How you write / develop prompts is key… put yourself in the shoes of the reader.

    For more insights on how AI is transforming marketing and other industries, visit NaomiSimson.com.



    Also published on Medium.

  • How to Use Fitness Trackers without Losing Touch with Yourself

    How to Use Fitness Trackers without Losing Touch with Yourself


    While our ancestors relied on their senses to assess how they were doing, increasingly, we rely on gadgets.

    Today, if you’re curious enough, you can measure your heart rate, your step count, your exercise intensity, and your sleep quality—sometimes all on one sleek device.

    In the best cases, these devices offer a bridge between what you subjectively feel and what you can objectively measure.

    This is generally a really cool and amazing thing.

    Our subjective feelings and assessments matter, but they’re not always the most reliable. Us humans just aren’t particularly skilled at quantifying our experiences and behaviors with cold precision.

    Take, for example, a colleague of mine. He believed he was eating within a narrow caloric window, but after careful tracking, he learned that he was putting away a bonus 500 Calories a day—in barbecue sauce.

    That said, some of us are better than others.

    Ben Johnson, the Canadian sprinter, was reported to have been able to call out his 100 metre time within a tenth of a second of the stopwatch readout.1

    That’s outlier performance, to be clear, but it still makes you wonder:

    How good are you at assessing yourself?

    And, how can you improve your accuracy through the wise use of technology—like fitness trackers—to help you make better decisions about your health?

    In the following article, we’ll tackle the above, plus we’ll address:

    • How accurate are data trackers in the first place?
    • When is tracking helpful? (And when is it not?)
    • Can you train yourself to more accurately assess things by feel?

    Let’s get into it.

    First, how accurate are data trackers anyway?

    Not all data is created equal.

    Some brands produce better products than others. This is not just hardware but also the quality of their software and datasets.

    Beyond that, not all things are equally easy to quantity.

    For example, heart rate and step-count data are generally reliable,2 but many other types of outputs—from calories burned to movement velocity—have substantial margins for error.

    The below chart shows the reliability of various tracking devices.An infographic chart titled 'Tracking Devices and the Health Metrics They Can Assess' comparing different devices (Pedometers, Activity Bands, Smartwatches, Chest Straps, Ring Trackers, Smartphone Apps, Medical Wearables, and Strength Wearables) against various metrics (Steps, Heart Rate, Recovery, Calories, Sleep Duration, Sleep Quality, Speed, and Power). The accuracy is indicated by green checkmarks (very accurate), yellow dots (decent accuracy), and red X's (limited or not available).

    (If you’re curious, we cover the accuracy of various progress indicators in more detail here: Are Fitness Trackers Worth It?)

    Next, when is tracking actually helpful?

    The good: Tracking devices offer us more data about our behaviors and bodies than ever before.

    The bad: Tracking devices offer us more data about our behaviors and bodies than ever before.

    “What’s really remarkable,” says Samantha Kleinberg, a computer scientist who studies decision-making, “is that even a tiny amount of surplus information has a big negative effect on our decision-making.”3

    That’s the paradox of tracking: Too little detail makes it tough to make the right decision, but so does too much. A graph showing 'The Effect of Information on Decision Making' with an inverted U-shaped curve. The x-axis shows 'Amount of relevant information available' and the y-axis shows 'Ability to make decisions'. The peak of the curve is labeled 'Sweet spot', suggesting an optimal amount of information for decision-making, with performance declining when there's either too little or too much information.

    This can be expressed as an inverted U, with the sweet spot at the top of the curve.

    Today, it’s surprisingly easy to have too much information.

    Consider the analysis paralysis you feel after scanning hundreds of reviews from the various taco places in your neighborhood. (All you wanted was a decent el pastor, but now you don’t know which taqueria to pick!)

    Finding just enough information to make good decisions is an art form—especially in the world of health and fitness, where it seems like everyone is trying to outdo each other when it comes to providing more science, more customization, and more complexity.

    But when all that information starts to blur together with no clear path forward, what should you do?

    For starters, you can ask yourself a simple question:

    Does tracking increase my wellbeing and performance?

    If the answer is a clear yes or no, you know what to do. (Either continue tracking as you were, or drop the gadget and walk away.)

    If you’re a little fuzzy, here are three signs to watch for to help you determine if tracking is helpful—or not.

    Sign #1: Tracking is decreasing your stress and validating your method(s).

    When Zak’s coach raved about the benefits of zone 2 cardio, it sounded logical. But when the rubber on his running shoes hit the road, Zak second-guessed everything. Zak prided himself on his ability to grind, and simply didn’t trust that something that felt easy could also be effective.

    Yet, the data didn’t lie. As the weeks went by, Zak watched his resting heart rate drop—along with his recovery time from hard runs. With that reassurance, Zak began to relax about the process—and his resting heart rate dropped further.

    Zak hadn’t trusted his feelings, but he did trust the data from his heart rate monitor.

    Using a tracking device enabled Zak to calibrate his own perceptions so they were more accurate and realistic.

    If you’re a coach who has a client like Zak who’s high performing but doesn’t know it, tracking can help build confidence and reduce the anxiety that they’re “not good enough.”

    Here, you empower them by shining a spotlight on existing performance. Expert assurance can go a long way but can also be bolstered by reliable data.

    (Recently, many people have begun using continuous glucose monitors, or CGMs, in order to “optimize” their blood sugar levels. This can help “validate” certain food choices… but it can also be a waste of time. Read more: Should people without diabetes use CGMs?)

    Bad omen: Tracking is increasing stress or negatively affecting performance.

    Sometimes, data can stress you out without any upside—like when you receive poor scores about things beyond your control.

    Take the new parent of a newborn who gets a poor sleep quality score.

    Tracking has a time and a place. When scores are beyond your control or your priorities lie elsewhere, tracking can create unnecessary stress and is counterproductive.

    You can always revisit tracking when circumstances or priorities change.

    Sign #2: Clear feedback from data is enhancing your motivation and ability.

    For a behaviour to take place, you need three things4:

    • Motivation: A compelling reason or desire to take action toward achieving something. This can come from external sources (your spouse is urging you to quit smoking) or internal drives (you’ve always dreamed of running a marathon).
    • Ability: You have a combination of skills, plus opportunities to express them. (For example, you know how to do a simple resistance training routine, and you have 20 minutes a day to execute it.) This may involve overcoming constraints like time, money, mental and/or physical effort, social pressures, and changes to routine.5
    • Prompt: A prompt is a cue or instruction that elicits an action. (For example, when your GPS tells you to turn left, or when your restless legs “remind” you you’re due for a walk.) Critically, even with high levels of motivation and ability, you may not take action—or the right kind of action—without a prompt.

    Fitness trackers shine when you’ve got plenty of motivation and ability—and just lack the prompt.

    Take my client, Margaret. She used to have a glass of wine most nights, believing it helped her sleep better. Once she started wearing a sleep tracker though, she saw that her sleep quality was much poorer the nights she imbibed. Once she received this prompt—her sleep score—she adjusted her behavior.

    When you highlight important data, the right choices become clearer.

    When it comes to changing behaviours, sometimes all it takes is one key piece of data. As they say, “Once you see it, you can’t un-see it.”

    (PN’s CEO Tim Jones used the feedback he got from various lifestyle trackers to finally reduce his genetically high cholesterol levels—and built a richer, more meaningful life in the process. Read more: How This Guy Cut His Cholesterol in Half Without Drugs)

    Bad omen: Data collection is decreasing motivation or ability.

    When Jan, an avid recreational cyclist, found out he could view—then demolish—the records set on local biking trails, he set to work. But as those records were destroyed, so too was his ability to ride for enjoyment. His focus on speed left him under-recovered and eventually led to burnout.

    If workouts have become more about the numbers and less about technique, experience, or even enjoyment, tracking is likely no longer helpful.

    Sign #3: Tracking is helping you understand yourself better.

    The harder you work, the better your results.

    Right?

    Not necessarily.

    This belief tends to get grinders like Zak into trouble because they think they’re making progress—but really they’re just getting in their own way, even inhibiting performance and recovery.

    Meanwhile, there are also many people who chronically underestimate their effort and capacity, and would benefit from turning up the heat. Here, data can help us more accurately understand our own potential.

    Let’s look at high-intensity interval training (HIIT) as an example. HIIT workouts alternate fixed periods of intense effort with fixed periods of rest. However, these fixed periods of rest are just estimates of recovery times.

    Heart rate data can create a more individualized picture of actual recovery needs, which may be faster or slower than you expect.

    Sometimes, the mind says yes but the heart says not quite yet.

    A good coach does more than just simply ask for more. They also help keep clients out of the unproductive “junk volume” zone, where fatigue accumulates but performance doesn’t improve (and maybe even worsens).

    By looking at real-time metrics of output, fatigue, and recovery, you can better understand yourself and your clients, and help keep everyone training and recovering efficiently.

    Bad omen: Over-reliance on data is making you lose touch with your own senses.

    When you become overly reliant on data, you risk losing touch with your own sense of how you feel, whether that’s hunger and fullness levels, energy and fatigue, or something else.

    A relevant example is “The Great My Fitness Pal Blackout.”

    In January of 2019, the calorie-tracking app (with a reported 200 million subscribers!) went down for a day. Pretty minor—unless you happened to be tracking your macro and caloric intake and waiting for the app to tell you exactly how much you could eat that day… which I was.

    When the app wouldn’t load, I recognized the mild panic I felt was unhelpful. My overreliance on the app had disconnected me from my own internal signals, and without it, I felt adrift. Since then, I’ve shifted my focus to how energetic I feel and one of the oldest tracking technologies available: the mirror.

    (If you feel like you’re lost without your besties—your phone and your apps—there’s a name for that. There are also ways to develop a healthier relationship with your tech. Read more: What is nomophobia?)

    3 ways to use fitness trackers to help you make more accurate self-assessments

    Before we get to how to do the above, let’s talk about why assessing things by feel can be so important.

    Whether it’s body fat percentage or movement speed, even supremely motivated and capable clients will experience diminishing objective results from their training.

    The scale stops dropping, the number of plates you’re able to load on the bar plateaus, or—gasp—your race time even regresses.

    Motivation based purely on progress or other extrinsic goals6 will fall away during these times.

    However, exercisers who focus on feelings of mindfulness7, mastery, meaning8, and success9 develop a more resilient practice. They also enjoy the process more, whether that’s the process of running, lifting, winding down for a good night’s sleep, or just enjoying a meal.

    So, although objective data can provide essential feedback and guidance, you’ll only reap the full benefits of your practice—that is, enjoyment and results—if you maintain connection with your felt experience.

    And good news: You can actually use fitness trackers to calibrate and even improve your ability to accurately sense what’s happening in your body.

    Here are three ways to do it.

    1. Check in with yourself before you check the data.

    Can you imagine asking someone how their vacation was and then waiting for them to look at their photos to be able to answer? That’s what it’s like when you rely purely on external data about your own experience.

    Whatever the metric—how far you biked, how many calories you consumed, or how fast your heart was beating—the simplest way to work mindfully with tracker data is to pause, breathe, and then tune into the powerful (if not always accurate) prediction-making powers of your brain.

    Once you’ve checked in with yourself, you can calibrate your self-assessment by comparing the detailed (if not always accurate) outputs of your fitness tracker.

    Over time, you may be able to narrow the gap between two.

    (Note: Don’t forget to regularly update your app. Algorithms and data sets are regularly adjusted for better predictive accuracy.)

    2. Develop mental shortcuts that can occasionally stand in for objective measures.

    The coaches I work with regularly ask people to estimate the boundaries of their strength (such as how many reps they can do at a given weight until failure).

    Novices are often terrible at estimating this—and regularly off the mark by five or more reps. However, the use of objective trackers can help calibrate their understanding, and most people can reduce their margin of error dramatically.

    In theory, you might use fancy tools like accelerometers or blood lactate measurements, but our coaches just ask, “For a million dollars a rep, how many more reps do you think you could do?”

    Though there’s nothing objective about this question, most clients are able to use the prompt as a kind of shortcut to understand maximal effort. (After all, that last rep may be worth seven figures!)

    The question also leverages the rate of perceived exertion (RPE)—your perception of how hard you’re working—which is one of the most validated sensory-driven approaches.

    Not everyone is automatically good at estimating RPE, but most people can improve their skills by mapping their felt experience with occasional calibration with objective data.

    3. Keep developing your ability to dial into your senses.

    Trackers have components like accelerometers, GPS, and gyroscopes to sense data about speed, distance, and more.

    But humans are no slouches either.

    We have…

    • Mechanoreceptors that respond to pressure, vibration, and the joint angles change
    • A vestibular system that monitors balance and angle changes
    • Proprioceptors that clock the speed and rate of length-change of muscle spindles
    • Thermoreceptors that register register warming or cooling
    • Chemoreceptors that detect chemical changes, such as scent or taste, as well as changes in the bloodstream
    • Nociceptors—part of the body’s alarm system—that sense threat and send signals of potential harm or distress

    And that’s only a partial list.

    You have access to an incredibly rich network of sensory information—something that technology cannot begin to touch.

    All of this information is fed into the powerful pattern-recognition machine of your nervous system.

    To continue honing your ability to use this rich network of sensory information, regularly check in with what and how you’re feeling.

    When you learn to calibrate your own senses with objective data, you can leverage all the cool advances in wearable tech—while still keeping your own experience front and centre.

    References

    Click here to view the information sources referenced in this article.

    If you’re a coach, or you want to be…


    You can help people build sustainable nutrition and lifestyle habits that will significantly improve their physical and mental health—while you make a great living doing what you love. We’ll show you how.


    If you’d like to learn more, consider the PN Level 1 Nutrition Coaching Certification. (You can enroll now at a big discount.)

  • Bangko Sentral ng Pilipinas orders stricter client due diligence

    Bangko Sentral ng Pilipinas orders stricter client due diligence


    Bangko Sentral ng Pilipinas orders stricter client due diligence

    INQUIRER FILE PHOTO / GRIG C. MONTEGRANDE

    The Bangko Sentral ng Pilipinas (BSP) wants banks and financial companies to incorporate news reports about individuals and entities with possible money laundering offenses in their screening of transactions and activities, in a bid to prevent any illicit flow of funds.

    Memorandum No. M-2025-017 dated May 27, reminded banks and nonbanks to adopt policies and procedures in handling such news reports, which can be used to enhance customer due diligence.

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    The central bank issued the reminder amid an ongoing probe into the laundering of ransom money in the kidnapping of slain Chinese Filipino businessman Anson Tan, also known as Anson Que. The bad actors reportedly utilized e-wallets intended exclusively for casino gaming, shell accounts and cryptocurrency to conceal the money trail.

    READ: Inept Anti-Money Laundering Council

    The Bangko Sentral explained that news articles about possible money laundering and terrorist financing may trigger a deeper review of transactions and activities of certain customers and entities.

    Bangko Sentral directives

    That said, the central bank is compelling financial firms to update their risk management practices so they can immediately spot any new and emerging threats to their products and services. Such operational risks include developments related to money laundering and terrorism financing carried in news reports.

    According to the memo, banks and nonbanks under its supervision, like e-wallets, must monitor all relevant risk factors, including—but not limited to—institutional level of exposures to people and entities reported to have potential links to illegal activities.

    Article continues after this advertisement

    READ: AMLC launches probe into laundering of Anson Que ransom

    At the same time, the BSP said financial companies must keep an updated list of sources of negative reports, such as news articles, public registers, court and congressional records, among others. Banks and nonbanks must also maintain a database of individuals and companies that were the subject of negative media reports.

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    Those reports are to be included in the screening of a customer’s transaction activities. To ensure a holistic investigation, the BSP said the screening must extend to ultimate beneficial owners and authorized signatories of juridical customers, as well as related parties.

    Ultimately, the central bank said regulated entities would have to identify the action that may be triggered by the results of the investigation. These actions may include flagging the customer’s account for ongoing monitoring and periodic due diligence.



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    “It is essential for [banks and nonbanks] to promptly escalate and report significant risks based on the results of [negative media report] screening activity,” the memo read.



  • 2025 insurance buying guide: April 2025 newsletter

    2025 insurance buying guide: April 2025 newsletter


    Business insurance buyer’s guide: What and how

    In light of, well, literally everything, businesses of all sizes are reassessing their risk management strategies and insurance coverage before their renewal date.

    Finding the right insurance for your business can be a complex process, requiring careful consideration of your specific risks, industry requirements, and budget constraints. The decisions you make during this process can significantly impact your company’s financial security and operational resilience.

    In this month’s newsletter, we’ll walk you through the essential steps of shopping for and purchasing business insurance. From identifying your unique risk profile to finalizing and implementing your policy, our goal is to demystify the insurance buying journey. We’ll also share industry insights on emerging trends that are reshaping how businesses approach insurance in 2025.

    In a marketplace filled with options and complex terminology, having a structured approach to insurance purchasing can save you time, money, and pitfalls from potential coverage gaps. This month, we’ll dive into making your insurance buying experience more strategic and effective.

    Let’s get into it.

    • What’s going on?
    • Building your coverage strategy
    • From selection to implementation
    • The future of insurance purchasing
    • What’s new from Embroker

    What’s going on?

    81% of startups have experienced a cyberattack Embroker

    According to Embroker’s 2024 Cyber Risk Index Report, 81% of startups surveyed have experienced a cyberattack in the past year, up from 78% in 2023, and 67% in 2022. This trend underscores the growing threat, and the need for businesses to invest in robust cyber risk management and insurance policies.

    Underinsurance crisis costs businesses millions in claims — Insurance Business Magazine

    Chris Davis at Insurance Business Magazine interviewed Ana Mello, commercial account manager at Summit Commercial Solutions, on the growing concern of “underinsurance.” They note that while coverage limits aren’t keeping up with inflation, premiums are. This highlights a critical disconnect that businesses must address to avoid significant financial exposure.

    Tariffs and global trade: the economic impact on businesses — McKinsey & Company

    Businesses are facing a period of economic uncertainty as new tariffs and trade restrictions reshape global commerce. Forward-thinking business leaders can weather the storm — and even flourish — by focusing on key strategies for success.

    The insurance shopping process: Building your coverage strategy

    GIF of Will Ferrell impersonating George W. Bush and saying "Stategery"

    Finding the right insurance coverage requires a methodical approach to identifying your risks and understanding what the market offers to address them.

    Key points:

    • The average business needs 2-5 different insurance policies to be adequately protected.
    • Many small businesses report being underinsured, according to Insurance Business Magazine.
    • Taking time to properly assess risks before shopping can help reduce premium costs.

    Step-by-step shopping guide:

    1. Risk assessment

    • Conduct a comprehensive analysis of your business operations to identify potential risks.
    • Categorize risks by severity and likelihood to prioritize coverage needs.
    • Consider industry-specific exposures that require specialized coverage.

    2. Coverage research

    • Identify which insurance types address your specific risk categories.
    • Research industry benchmarks for coverage limits in your field.
    • Review regulatory requirements that may mandate specific coverage types.

    3. Market exploration

    • Investigate carriers with expertise in your industry.
    • Determine whether a broker, direct carrier, or digital platform best suits your needs.
    • Gather preliminary quotes to establish a budget baseline.

    4. Policy comparison

    • Create a standardized checklist to compare offerings across providers.
    • Focus on coverage limits, exclusions, and endorsement options rather than just premiums.
    • Evaluate carrier financial strength ratings and claims satisfaction scores.

    Insurance consideration: When shopping for coverage, consider the total cost of risk rather than just the premium. A slightly higher premium that provides significantly broader coverage or lower deductibles may represent a better value for your business in the long run.

    The insurance buying process: From selection to implementation

    Gif of sports announcer that reads: They're talking trade possibilities here, guys"

    Once you’ve completed your shopping research, the process shifts to finalizing and implementing your selected coverage.

    Current situation:

    • Digital transformation has streamlined the insurance buying process, with the vast majority of commercial policies now available through online platforms.
    • Verifying coverage limits and terms has become increasingly important, with many businesses citing discrepancies between expected and actual coverage.
    • Proper implementation of risk management recommendations can significantly reduce premiums at renewal.

    Step-by-step buying guide:

    1. Final selection

    • Request formal proposals from your top insurance options.
    • Clarify any ambiguous policy language or coverage questions.
    • Negotiate terms, including premium payment schedules and multi-policy discounts.

    2. Application process

    • Gather all required documentation, including financial statements and loss history, as well as past claims.
    • Complete applications with thorough and accurate information to avoid future coverage issues.
    • Prepare for potential underwriting questions or inspections.

    3. Policy review

    • Carefully review all policy documents upon receipt.
    • Verify that all negotiated terms are correctly reflected in the policy.
    • Create a summary of key coverage provisions, exclusions, and claim reporting requirements.

    4. Implementation

    • Distribute relevant policy information to key stakeholders in your organization.
    • Set up calendar reminders for premium payments and policy renewal dates.
    • Implement any required risk management measures specified by the insurer.

    Risk management tip: Create a centralized digital repository for all insurance documentation, including policies, endorsements, certificates, and correspondence. This ensures easy access during a claim situation when time is of the essence.

    The future of insurance purchasing: Digital transformation

    Gif of a little kid in a Transformer costume turning into a Transformer

    The insurance buying journey is evolving rapidly with technological advancements reshaping the customer experience.

    Notable aspects:

    • AI-powered risk assessment tools are reducing the time needed to identify coverage needs.
    • Blockchain technology is beginning to streamline policy verification and claims processes.
    • Usage-based insurance models are gaining traction, allowing businesses to pay premiums based on actual exposure.

    Business insight: While technology continues to transform the insurance buying process, the fundamental principle remains unchanged: A thorough understanding of your risks and careful matching with appropriate coverage options is the path to success. Digital tools should enhance, not replace, thoughtful risk management planning.

    What’s new from Embroker?

    Upcoming events, stories, and more

    Embroker COO Kristy Malm shines on Change Management panel

    Last week, Embroker COO Kristy Malm participated in the Change Management panel at Resource Pro’s Summit 2025 Conference. Kristy shared Embroker’s approach to maintaining employee engagement during transformation, and more.

    Embroker CTO Gene Linetsky talks tech leadership at Revelo Conference

    On April 16, Embroker CTO Gene Linetsky spoke on the “Engineering Leadership at the AI Frontier” panel at Revelo’s Conference in San Francisco. On the panel, Gene spoke to the challenges and opportunities AI offers engineering teams and their leaders, and the types of skills required in this evolving field.

    Data privacy risks in the age of AI: What tech companies need to know

    Is AI making data privacy worse? Discover AI data privacy risks facing tech companies — data breaches, bias, compliance challenges, and more — plus, how to mitigate them effectively.

    Like what you’re reading?

    Check out the Embroker Resource Center for more

  • Best Personal Loan – GrowthRapidly



    March 15, 2024
    Posted By: growth-rapidly
    Tag:
    Uncategorized

    Upstart personal loans are great for people who have fair or limited credit. Upstart relies on more than 1,500 variables as part of its underwriting process, and much of the data is highly correlated. This process is different from traditional lending models, which use simple FICO-based models to provide a snapshot of an individual’s credit and are quite limited in their ability to assess the true lending risk of each consumer. APPLY FOR UPSTART NOW.

    SEE BEST BANK OFFERS

    Upstart Overview

    Upstart was founded in 2012 in San Mateo, California, and has helped over 2.7 million customers with their lending needs through personal loans, consolidation loans and car loan refinance. It uses an AI-based lending model to improve access to affordable credit for consumers with lower credit scores due to challenges or limited credit profiles. Overall, 84% of Upstart’s loans are fully automated with no human interaction — from origination to final funding.

    Key Features 

    Here’s what you need to know about the key features of Upstart loans.

    Rates

    Upstart claims it offers up to 43% lower rates than lenders using a credit score-only model to make lending decisions. Rates offered range from 4.6% to 35.99% APR. Although the starting rate is more competitive than many other lenders offering personal loans, the 35.99% APR is much higher. However, if you have challenged or limited credit and need a personal loan, Upstart might be able to approve you when other lenders won’t. Just keep in mind that your rate could be quite high. Upstart allows you to check your potential rate before applying. APPLY FOR UPSTART NOW.

    Loan Amount

    Upstart issues personal loans in amounts from $1,000-$50,000. This range is on par with personal loan amounts offered by other personal loan lenders, although some personal loan lenders do offer up to $100,000.

    Note that Upstart has minimum loan amounts for the following states:

    • Georgia – $3,100
    • Hawaii – $2,100
    • Massachusetts – $7,000

    Fees

    When it comes to fees, Upstart has several. For starters, it charges a one-time origination fee of 0%-12%. The origination fee is taken out of your loan amount before it’s funded. There’s also a late payment fee of the greater of 5% of the monthly past due amount or $15. Late payment fees may be assessed if you fail to pay within 10 calendar days of the payment due date. Upstart also charges $15 per occurrence for returned ACH or check payments, and a $10 fee if you request paper copies of your loan documents.

    Funding

    In most cases, Upstart provides fast funding. It funds personal loans on the next business day — as long as you accept the terms before 5 p.m. ET, Monday-Friday. If you accept the terms after 5 p.m. (or on a weekend or holiday), the funds will be transferred on the following business day unless you are using the funds to pay off credit cards. If the personal loan is for education purposes, it will take three additional business days to receive the funds.. APPLY FOR UPSTART NOW.

    How To Apply for an Upstart Loan

    To apply for an Upstart loan, do the following: 

    1. Go to Upstart’s website and click “Check your rate.” This will not affect your credit. 
    2. Select the desired personal loan amount and loan terms.
    3. Fill out the loan application. You’ll be asked for information about your education and work experience as well as the loan’s purpose. The lender will initiate a hard pull on your credit.
    4. Wait for Upstart’s decision on your loan application.  

    Who Upstart Is Best For 

    Upstart is best for consumers who have challenged or limited credit, which makes it difficult to get a personal loan through a traditional lender. Upstart uses an AI-powered lending model that examines over 1,500 variables, including education and employment, to determine consumer credit risks, which leads to greater approval rates than what traditional lenders can offer.

    Final Take 

    When considering a personal loan, it pays to shop around. Take into consideration the fees and rates of each lender. And if you have a limited credit profile or other credit challenges, including fair credit instead of good or excellent ratings, Upstart is worth considering. Keep in mind, however, that Upstart’s personal loan origination fees can be up to 12% and are deducted from the total loan amount before you receive it. 

    Put Your Money to Work

    Managing your money effectively starts with careful planning. With SmartAsset, you can get matched up with three advisors who can empower you to make smart financial decisions. SmartAsset also helps take the mystery out of retirement planning by answering some of the most commonly asked questions in a simple, personalized way. Learn more about how SmartAsset can help you find your advisor match and get started now.