1.Just When You Thought They Could Not Go Lower….Global Government Bond Yields Ex-U.S. at All-Time Lows.
The Daily Shot
https://dailyshotbrief.com/the-daily-shot-brief-june-17th-2019/ Continue reading
Topley’s Top Ten – June 17, 2019
1.IPO Market ETF Makes New Highs
IPO ETF +50% from Dec. 2018 Lows
2.Natural Gas Stocks Make New All-Time Lows
FCG –Natural Gas Stock ETF
3.Junk Bonds Not Seeing Negative Effect of Lower Oil Prices
15% of Junk Bonds in Energy Sector.
From The Daily Shot
https://dailyshotbrief.com/the-daily-shot-brief-june-13th-2019/
4.The Most Hated Bull Market Ever….AAII Bullish Sentiment Hits a 3 Year Low
Callum Thomas @Callum_Thomas · 24h24 hours ago
- For now though, the bulls seem to have given up (judging by the 3-year low in AAII bullish sentiment)… h/t @MacroCharts $SPX $SPY
https://twitter.com/i/moments/1139991497367928833
5.Fear and Greed Index in “Fear” Mode
https://money.cnn.com/data/fear-and-greed/
6.Percentage of Web Traffic Encrypted Jumps from 53% 2016 to 87% 2019
That messaging apps have increasingly become our go-to mode of communicating isn’t a revelation, but the idea that encryption is becoming the norm is striking.
Meeker’s numbers show that in the first quarter of this year, 87% of global web traffic was encrypted, up from 53% just three years ago.
7.Americans Now Spend More at Internet Stores Than Restaurants
BC-Americans-Now-Spend-More-at-Internet-Stores-Than-Restaurants , Alex Tanzi
(Bloomberg) — U.S. stores reported broad-based gains in activity last month as 10 of 13 major sectors increased sales from a year earlier.
But, just how concentrated are the gains? The dominance of online merchants is becoming increasingly clear. In the past year, Americans’ boosted spending to “nonstore retailers” while clothing, food & beverage and building-material stores felt the brunt of consumers’ changing habits.
Spending at nonstore retailers, mostly Internet merchants, increased by $6.4 billion from a year earlier to $62.04 billion on an annualized basis. The nonstore retailer category is now a larger spending category than restaurant and bars.
Given the pace of growth, nonstore spending will likely pass food and beverage — mainly grocery stores — spending soon and move to the second largest retail category behind vehicles and parts.
To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net
To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net, Wei Lu
©2019 Bloomberg L.P.
https://www.bloomberg.com/https://www.bnnbloomberg.ca/americans-now-spend-more-at-internet-stores-than-restaurants-1.1273711
8.Good Read on Deficits
Political support for taming deficits has melted away, with Republicans accepting bigger deficits in exchange for tax cuts and Democrats making big spending promises around 2020 election campaigns. Global demand for U.S. Treasury assets has displaced the “bond-market vigilante” mentality of the 1990s that scared Washington.
Debt as a share of economic output has more than doubled over the past decade. Deficits, after falling in the expansion’s first six years as a share of the economy, are rising again, approaching $1 trillion a year.
In theory, an increased supply of government bonds—sold to raise funds when spending exceeds revenues—should increase government borrowing costs. Theory also says big deficits crowd out business borrowing and increase private borrowing costs, too.
The opposite has happened. While government debt soared after the 2007-09 financial crisis, 10-year Treasury yields have fallen to near 2% from more than 5% in 2006, holding down government interest payments. U.S. business debt rose to $15 trillion in 2018 from $9 trillion in 2006.
How Washington Learned to Love Debt and Deficits
Political support for taming federal debt has melted away, and the U.S. is testing just how much it can borrow
By Kate Davidson and Jon Hilsenrath
https://www.wsj.com/articles/how-washington-learned-to-love-the-deficit-11560436380?mod=itp_wsj&ru=yahoo
9.9 mind-blowing facts about the millennial housing market
- For millennials, the housing market looks a lot different than it did for their parents and grandparents.
- Rising housing costs and mounting student debt have ledmillennialsto buy different types of homes in different types of locations than their parents did.
- Millennials are buying under different circumstances, too, often waiting longer, buying before marriage, or living with their parents to save cash so they don’t have to wait years for homeownership.
- Below are nine surprising facts about the millennialhousing marketthat put it in perspective.
- Visit BusinessInsider.com for more stories.
The housing market looks a lot different today than it did a couple generations ago.
That’s something that more and more millennials, the group between the ages of 23 and 38, are discovering firsthand every day, whether they’re renting their first apartment or already on to their second purchase of a house.
Why is the housing market so different for millennials compared to the one their parents and grandparents faced?
In large part it’s because of how much housing costs have risen, but it’s also because of the student debt with which many members of the generation are saddled. Some 70% of recent college graduates finish school with an average of $29,800 in debt to repay, plus the inevitable interest.
Faced with these financial challenges, it’s little wonder that millennials are buying different types of homes and in different types of locations than their parents did. And they are buying under different circumstances, too, often waiting longer, buying before marriage, or living with their parents to save cash so they don’t have to wait years for homeownership.
Here are nine surprising facts about the millennial housing market that put it in perspective.
Millennials face house prices 39% higher than their parents did in the 1980s
Housing prices have soared by nearly 40% in the past three-plus decades, far outpacing wage increases and making homeownership much more of a challenge for today’s buyers. The increase is even more dramatic the further back you look: Today’s average home price is more than 70% higher than what a buyer faced in the 1960s.
Rent prices are up nearly 50% over the last half century
While traditionally renting an apartment or house while saving up to buy your own residence was once a logical approach, since the 1960s, average rent rates have increased by 46%, meaning just affording a rental is harder than ever, let alone saving up to buy.
Many millennials turn to ‘super commuting’ to find homes they can afford
Super commuters are those who travel more than an hour in each direction to and from home and work. In order to find homes they can afford while sticking with a job, many millennials are buying residences in the exurbs and accepting a daily commute of two or more hours.
Birmingham, Alabama, has seen the biggest growth of millennial home ownership increases in recent years
In 2017, millennial homeowners accounted for an impressive 18% of total homeownership in Birmingham, Alabama. That was a dramatic increase over the 11.9% of the homes owned by millennials just one year before in 2016.
33 of the nation’s top 50 housing markets saw increases in millennial home buying
Contrary to the misconception that fewer and fewer millennials are buying homes in major metro areas, themajority of the nation’s top 50 housing markets have actually seen increases in millennial homeownership in recent years.
In some markets, homes built before 2012 are selling at close to 50% discounts because they’re too big and spacious for millennials
Most millennial homebuyers are looking for smaller, more manageable properties than the mini mansions so popular a generation before. And they like sleek, simple interiors. The result is a steep drop in the value of many of the homes baby boomers are now hoping to sell as they downsize after emptying the nest or retiring.
According to the Wall Street Journal, homes around Scottsdale, Arizona, that are worth millions of dollars are selling at discounts of close to 50% because younger buyers aren’t interested in all that space.
A quarter of home-buying millennials are buying homes before getting married
The traditional approach to life put marriage ahead of buying a home with a partner, but millennials aren’t overly concerned with tradition. As many as a quarter of all millennials who buy a house with a partner do so before marriage.
One in three millennial homebuyers tapped into a retirement account to get cash for the purchase
About a third of millennial homebuyers took money out of a retirement account or even took a loan against the account to pay for the purchase. This trend alarms financial experts, who advise people to be paying into these accounts during these younger working years, not depleting them.
Nearly two thirds of millennial homeowners have regrets about their purchase
According to CNBC, 63% of millennial homeowners report some degree of buyer’s remorse. Their most common complaints are miscalculating the hidden costs of the purchase and the ongoing expenses the home demands.
10. The First 5 Minutes of a Meeting Matter the Most. This Is Exactly How You Should Spend Them
Start your meeting off on the right foot, and you’ll be much more productive.
By Elise Keith, Co-Founder of Lucid Meetings
“How can I get my team to engage? I’m doing everything right, but they’re still just sitting there.”
I was talking with a frustrated leader at a healthcare facility. Her team meetings had always been lackluster, so she’d decided to fix them. She’d scoured the internet for best practices, then worked hard to get organized.
For the past month, she’d sent an agenda in advance of every meeting. She started precisely on time. She’d taken notes and ended on time too. And yet, after she talked through the agenda and they’d heard their first report, her requests for comments were met with crickets. No one had much to add. Many didn’t seem to be paying attention at all.
Unfortunately, while she’d diligently followed all those “best practices,” she’d missed the most important step.
If you want people to engage during a meeting, you have to make that clear up front. Great meetings get everyone engaged within the first five minutes.
Here are four ways to successfully open your meeting, and why it matters.
- Bring everyone into the room
You can’t have a meeting of the minds if the minds aren’t in the meeting. Remember: Every person invited to your meeting was in the middle of doing something else right before it started. People arrive with minds full of tasks left undone and needs unfulfilled.
A successful opening should capture everyone’s attention. The phones will go dark, the typing stops, and eyes connect.
For example, some leaders welcome everyone at the door. A personal greeting and welcome works just as well in meetings as it does when hosting at home. Teams at Starbucks often pour each other coffee for a short tasting before the meeting begins. Even starting by clearly stating the meeting’s purpose, rather than the logistics, creates more energy.
- Set expectations
There are many ways to command the attention of a room, but reading the agenda is not one of them. We do not meet in order to get through an agenda; we meet for a purpose. We meet to create shared understanding, to make decisions, and to set plans in motion.
We meet to make these decisions because we want everyone there to weigh in, to help find the best option, and then to commit to it. If we didn’t need that input or that commitment, we wouldn’t meet.
A successful opening makes the purpose of the meeting — why the meeting matters and why it’s relevant to everyone there — clear. The agenda is the how. Never start with how; start with why.
Then, to cement that purpose for each person, ask for their participation. If your team hasn’t engaged much in the past, don’t assume they know you care about that. After all, they didn’t have to engage before. I’m always surprised when a leader seeking more engagement admits that they’ve never asked for it.
- Give everyone practice engaging
So you’ve captured their attention and worked to make your aspirations for the meeting clear. Now, should you go over the agenda?
No. Not yet. First, you have to prove that you welcome engagement by getting everyone engaged right then and there: Everyone in the meeting should directly engage within the first five minutes.
This is why many meetings begin by going around the room to answer a simple question; it’s neither feasible nor polite to continue texting when a room full of people turns to you for an answer.
Other teams might choose to begin with a few minutes of meditation. This helps clear the mind of lingering distractions, while making it impossible to continue fiddling about with a laptop.
- Make it safe to engage
Fighting off distraction makes productivity possible, and that’s a worthy goal.
Take a look again at those first three steps, and consider the message you can send in these first five minutes of your meeting.
- Attention: We want you here and care about having your focus.
- Purpose: This meeting matters to us all and we need your contribution to get the best possible result.
- Engagement: All voices matter here. We’re all in this together. We’re all stepping up to answer this call, and we want you with us.
There’s one more big one: A successful meeting opener should also tell people that it’s safe to speak up in this group. It tells each person that they matter, that they belong, and that the other people there care about what they have to bring to the table. Doing this sets the frame for everything that follows, and the right frame makes meetings more productive and more meaningful.
Knowing you’ll meet with your team once a week, consider the impact that investing in these first five minutes might have on your team’s culture. Then, start experimenting. Don’t worry about getting it perfect on your first try. If you’re clear about your purpose and ask your team to engage with you, you won’t have to get it right on your own. You’re meeting so that you can get it right together.
Originally published on Business Insider.
Topley’s Top Ten – June 12, 2019
1.History of Good Starts to June
While we’ve seen the 5th best start to June on record, this is also the best start to any month through seven trading days since October 2011 when the S&P rallied 5.67%. Below we show all 4%+ starts to a month through seven trading days since 1980. The most notable takeaway from this data in our view is that the last nine times we’ve seen the S&P gain 4%+ in a month’s first seven trading days, the index has been up over the next week 8 out of 9 times, and it has been up 9 out of 9 times for the remainder of the month. To access our most actionable market research, start a two-week free trial to Bespoke Institutional.
https://www.bespokepremium.com/interactive/posts/think-big-blog/best-starts-to-june-any-month Continue reading
Topley’s Top Ten – June 11, 2019
1.Corporate Cash Dropping…Capex +12%….Dividends +7%….Net Buybacks Double
US companies’ massive cash hoard is finally coming down Financial reserves dropped 10% in the first half of last year, Moody’s finds Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) The cash holdings of US companies fell nearly 10 per cent in the first half of this year, signalling a turning point in the historic financial reserves they amassed in past two decades. Corporate America’s cash mountain peaked at close to $2tn at the end of last year, according to rating agency Moody’s. Some 70 per cent of the money had piled up offshore, as companies hoarded their overseas profits rather than face tax charges by bringing them home and spending the money on things like acquisitions and stock buybacks. But US tax reforms enacted at the end of last year subjected all past profits to tax, though at a lower rate, ending the incentive to hoard. That released the cash that had been stranded offshore and by the middle of this year total cash reserves had fallen $190bn, or 9.5 per cent, according to a Moody’s calculation published on Tuesday.
https://www.ft.com/content/2c0cf0a4-f25a-11e8-ae55-df4bf40f9d0d
Corporations Hit the ATM
Francis Scialabba
Moody’s Investors Service said yesterday that the 928 U.S.-based, non-financial companies it covers claimed $1.7 trillion in cash and liquid investments at the end of 2018.
- That’s an eye-popping number. But it’s also down 15.2% from a record $2 trillion in corporate cash a year earlier.
Driving the news: 2018’s drop in cash hoards serves as a master class in chain reactions.
- Cash piles shrank because companies funneled record amounts toward share buybacks, M&A, dividends, and capital spending…
- And all that happened because of the late-2017 Tax Cuts and Jobs Act. The tax overhaul dropped levies on foreign income so companies could put it to use instead of letting it collect dust in European banks like Gringotts.
And put it to use they did. Last year, capital expenditures leaped 12% to $851 billion, dividends climbed 6.7% to $412 billion, and net share buybacks almost doubled to $467 billion.
The top five cash-holders last year—Apple, Microsoft, Alphabet, Amazon, and Facebook (heard of ’em?)—held 33% of the total balance in 2018. Apple alone laid claim to 14.5%, a balance larger than the aggregate amount for every other non-tech U.S. sector.
Before the tax overhaul…
U.S.-based companies had slowly built up giant cash reserves in foreign countries, keeping profits at arm’s length from the frightful 35% corporate tax they faced when bringing it home.
Then in 2017, changes in the tax code opened the floodgates for what’s known as “repatriation.” The Commerce Department said companies sent $664.9 billion in foreign earnings back to the U.S. as dividend payments in 2018, up from $155.1 billion a year earlier.
Looking ahead…Moody’s Point is that companies will continue to put money to use paying down maturing debt, boosting buybacks, and upping dividends until there’s a reason not to. Look for those piles of to keep shrinking.
Topley’s Top Ten – June 10, 2019
1.Muni Bond Assets Shrink to 16% of Overall Bond Market vs. 47% in 1995
Blackrock Stat
https://www.blackrockblog.com/
2.Muni Bonds Used to be Issued with Insurance.
The municipal bond market has evolved significantly over the last decade. Historically, many municipal bonds were backed by insurance, which resulted in AAA credit ratings and a high correlation to US government bonds. Today, few municipal bonds are backed by insurance, increasing the diversity of municipal bond credit ratings while reducing their correlation to government bonds.
3.Spreads Between High Quality Munis and Riskier Bonds Shrinking.
Investing In Munis When Risk Isn’t Paying Well
https://seekingalpha.com/article/4205448-investing-munis-risk-paying-well?page=2
https://www.taxpolicycenter.org/briefing-book/what-are-municipal-bonds-and-how-are-they-used
4.The Ratio of Gold to Silver Climbs to Highest Level Since 1993
In Silver’s Slide, Another Sign of Global-Growth Worries
Silver has fallen nearly 6% this year; gold-to-silver ratio has climbed to its highest point since March 1993
By Amrith Ramkumar
https://www.wsj.com/articles/in-silvers-slide-another-sign-of-global-growth-worries-11559499172?mod=itp_wsj&ru=yahoo
This chart is Silver vs. Dollar …breaks to new lows
5.Declining New Home Orders.
The Daily Shot
Declining orders for new homes don’t bode well for the sector.
Homebuilder Chart
6.Global Water Needs Grow
https://www.seametrics.com/blog/water-crisis-things-you-should-know/
Global Water ETF-PIO
PIO TOP HOLDINGS
https://www.etf.com/PIO#overview
7.Wage Growth Tame in Jobs Report.
‘Disappointing’ jobs report pressures Fed to act, economists say
Interest-rate cut probabilities stay ‘high’ after report ByROBERTSCHROEDER
Economists said the May jobs report didn’t offer much in the way of good news but that it increased bets the Federal Reserve would cut interest rates before the year is over.
The U.S. created only 75,000 new jobs in May and employment gains in the prior two months were scaled back, offering more evidence that the economy is slowing. The unemployment rate was flat at 3.6%. The increase in new jobs was way below the 185,000 MarketWatch forecast
U.S. stock futures DJIA, +1.16% pivoted higher after the report was released.
Greg Daco, chief U.S. economist at Oxford Economics, called the overall report “disappointing.”
US #jobsreport: disappointing +75k jobs May:
– large downward net revisions -75k
– 12-mo avg still strong 196k
– 3-mo avg points to cooling labor market 151k
– #unemployment rate stable 3.6% (50yr low)
– labor force part 62.8%
– wages +0.2% & cools to 3.1% y/y (but still >3%)
Liz Ann Sonders, chief investment strategist at Charles Schwab & Co., said the report “keeps [interest] rate cut probabilities high.”
Weak jobs, consistent with @ADP: 75k nonfarm payrolls in May (retail biggest loser); both April & March revised down for total of 75k; UR steady at 3.6%; AHE +0.2% … keeps rate cut probabilities high
- “NFP came in quite a bit weaker than expectations (we’re missing the 1-handle here), confirming what we saw in the ADP data earlier this week. A quick glance across the various industries shows that the weakness was widespread as well. AHE was also a bit soft, decelerating to 3.1% YoY. There were also downward revisions to last month as well. Unfortunately, there isn’t anything particularly encouraging in this survey.” — Thomas Simons, senior vice president, fixed income economics, Jefferies LLC.
- Martha Gimbel, research director of Indeed.com, said it’s “frustrating” that wage growth isn’t continuing to pick up. The 12-month rate of hourly wage gains slowed to 3.1% from 3.2%.
Frustrating that wage growth is not continuing to pick up – one would expect it to continue to accelerate at this point in this cycle
- “This report, combined with nerves around tariffs, will be enough to force a rate cut from the Fed in either June or July. Whether that is enough to satisfy markets will depend largely on how trade policies evolve.” — Curt Long, chief economist of the National Association of Federally Insured Credit Unions.
8.Increase in Americans Living Alone.
https://medium.com/invisible-illness/the-deadliness-of-loneliness-21e6ecaa3bdd
https://www.zillow.com/research/americans-living-alone-12639/
9.Read of the Weekend…What Happens if Yields Shot to 4%?
If the bulls have momentum, they lack a margin of safety. Even a 4% yield (never mind a 14% yield) would wreak havoc on a government-bond portfolio. As it is, Germany’s 10-year Bond yields minus 23 basis points and commands a price of almost 105. If yields shot to 4%, that safe haven would suffer a 33% loss of principal. Britain’s 10-year gilt yields 86 basis points and changes hands at a price of 107. Lift that yield to 4% (a future Prime Minister Jeremy Corbyn might do it all himself) and you are staring at a 24% drawdown in price. Here in America, the same hypothetical yield upsurge would cost you 15% of your principal.
Could it happen? Only consider what people of a certain age have already seen: unprecedented extremes in interest rates, the invention of radical monetary policy, the Republican Party’s embrace of the essential tenets of modern monetary theory, the Fed’s shift from the Volcker-era doctrine of killing inflation to the post-Ben Bernanke program of nurturing that former scourge, and the shriveling of real yields almost to the vanishing point.
Lower and lower interest rates for ever and ever? It generally doesn’t work that way.
James Grant is founder and editor of Grant’s Interest Rate Observer. Sample a free issue or subscribe here. His new book, Bagehot: The Life and Times of the Greatest Victorian, will be published in July.
Jim Grant: Low Interest Rates Forever? Don’t Get Used to That Idea
By James Grant
https://www.barrons.com/articles/jim-grant-low-interest-rates-forever-dont-count-on-it-51559904301?mod=hp_DAY_5
10.10 Self-Improvement Musts
The world’s shortest course in self-help.– Marty Nemko Ph.D.
Some people who want self-improvement prefer deep dives into a particular technique. Others prefer quick-and-dirty. This article is for the latter.
As I think back on my 5,500 career and personal coachingclients, I believe these 10 items are most central to self-improvement:
- Put in the time. There’s no substitute for time-on-task. “Working smarter” takes you only so far and, chances are, if you’re reading an article on self-improvement, you’re probably already working as smart as you can yet still feel the need to significantly improve. Whether it’s building on a strength or remediating a weakness, your choice is to push harder or to be satisfied with modest growth. I don’t necessarily criticize the latter: It’s called “satisficing” and it can be a wise approach. Perhaps your time could be better spent getting better at something else, taking care of necessities, or simply having fun.
- Avoid time-sucks. That is what enables people to put in the time without working too many hours. Accomplishers avoid such time-sucks as excessive TV watching, chatting, clothes shopping when you already have more than enough clothes, video-game playing, time-consuming sportslike golf, and going to a second cousin twice-removed’s third wedding in Kalamazoo.
- Focus on what you can control. Successful people spend little time jawboning about their illness, politics, or people they can’t stand. They focus on what’s in their sphere of influence.
- In our ever more complicated world, it’s ever more difficult to be good enough as a generalist. You need to be at least relatively expert in some niche. For example, the generic marriage-and-family therapist could well be beset by the imposter syndrome because there’s so much science and especially art to marriage-and-family counseling. Unless you’re unusually brilliant and hard-working, it’s wiser to specialize in something: for example, interracial couples, transgendercouples, intellectually gifted children, physically abusive parents, men with stay-at-home wives, etc.
- Take low-risk actions. Excessive rumination can lead to more fearand less accomplishment. So after a modest amount of reflection and perhaps research, follow that widely-agreed-on key to success: Ready, FIRE, Aim! That is, it’s far easier to revise your way to excellence than to think it up in the abstract. You need the feedback of empiricism to adjust what you’re doing. I like to invoke the metaphor of the person who’d like to sail from San Francisco to Hawaii. Yes, s/he should plan, but after just moderate planning, s/he’d be wise to set sail. On encountering the winds, the weather, s/he can adjust the plan. S/he’ll likely get to Hawaii far faster than would the excessive planner.
- Hang with people who bring out the best in you. Whether it’s a boss, romantic partner, platonic friend, or activity partner, some people bring out the best in us while others drag us down. Of course, you can’t always control who’s in your life but, when you have discretion, spend time with those who help you flower.
- Take the time to find a fine mentor(s.) A generous person who is successful and ethical in what you’re trying to develop or who is an all-around winner, is a treasure, and usually having such a mentor is requisite to success for all but the most gifted people. How to find a fine mentor? Ask a question of one or more respected people. If s/he responds and responds well, offer to be of help in any way you can. After a while, if you do your part and you’re lucky, your mentor will offer more help, become your cheerleader and champion, and be willing to open crucial doors for you.
- Chart your progress. That can be as simple as, next to your desk, hanging a hand-drawn thermometer with milestones on the side, like nonprofits when they’re trying to raise money. Or give yourself a daily letter grade A to F. Keep that grade to yourself or share it with your social-media friends or real friends.
- Look inward. My unsuccessful clients tend to blame their setbacks mostly on externalities: their boss, the economy, their race, their gender, etc. In contrast, my successful clients mainly look inward to see what, if anything, they need to do differently, for example, acquire a new skill, upgrade their attitude, slow or stop their substance abuse, revise their job target upward, downward, sideways, or to a new career that’s more aligned with their natural abilities.
- Resolve to rebound. You’ve heard it before but it’s true: Even highly successful people fail. The difference between them and other people is that successful people tend to force themselves, yes force themselves, to rebound, not wallow. They see if there’s a lesson to be learned from the failure and then resolve to succeed at something at least as big. At the risk of being personal, when I was let go as a columnist in the San Francisco Chronicle, after an hour—yes just an hour—of feeling outraged, I channeled the anger. I said, “I’ll show them. I’ll go national! That very day, I sent clips to 10 national publications and since then, I’ve written a lot for such publications as TIME, The Atlantic, and yes, Psychology Today.
I read this aloud on YouTube.
https://www.psychologytoday.com/us/blog/how-do-life/201906/10-self-improvement-musts