be specific, be realistic, have a clear time frame, help you decide what type of action to take
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short-term, intermediate & long-term goals
**short-term**- can be achieved in fewer than two months
**intermediate**- take from two months to three years to achieve
**long-term**- require three or more years to achieve
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goal achieving pyramid
**goals**- be specific
**S + T + P**- strategies (what you need to do), tactics (how), process (plan)
**Habits**- 2 weeks
**Beliefs**- don’t doubt yourself, be positive
**Why is it important for me to achieve this goal?**- list reasons and post them
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What creates habits?
a trigger, a routine, and a reward
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the purpose of financial planning
arranging to spend, save, and invest money to live comfortably, have financial security, and achieve goals. Can improve personal relationships
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What influences financial planning?
family structure, health, career choice & age
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The percentages of your monthly budget
expenses- 70%
savings- 20%
debt- 10%
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calculations of annuity
amount depositing per week x 52 weeks in a year x number of years depositing
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examples of goods & services
goods- automobiles, appliances, clothing
service- salon, car wash, lawn mowing
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How do people pick careers?
through skills & interests, what motivates them
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career testing types & purpose
personality tests, interest inventories, skills & value assessments is a way to learn more about how well a variety of careers might suit you
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job fairs
a recruiting event in which employers and recruiters meet with potential employees and where job seekers find more about job openings at potential employers
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employment agencies: how works, fees
a way to find a job
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ways to create a resume
chose a resume format, add the right contact details, pay attention to your work experience, add the right skills for the job, keep your education short and to the point
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handshakes: how to do & who initiates
handshake should be firm (do not shake fingers)
either a man or women can initiate the handshake
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work related training
enables you to gain the skills you need to perform your duties while contributing to your organization
a job is work done mainly to earn money, while a career is a commitment to work in a field that is found to be interesting and fulfilling
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reasons to change careers/jobs
company downturn, career advancement, better pay, different work environment, work-life balance, flexible scheduling and a positive culture
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when to plan for retirement
as early as possible
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difference and example of self directed job and highly structured job
Self-directed teams can be defined as self-managed teams that have more decision-making power than “just” self organizing
**self-directed**- interior design, real estate
**highly structured**- doctor, lawyer
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When do you ask about salary and benefits during the interview process?
by the second interview
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Dress for an interview, accessories, materials to bring
**dress**- dress professional & appropriate
**accessories**- avoid dangling earrings & arms full of bracelets, the more simple the better
**materials**- your resume
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storing files
personal balance sheet
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categories on a balance sheet and budget
determine what you own and what you owe, measure your progress toward your financial goals, track your progress, organize information required to file your tax return or apply for credit
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calculate net worth & net pay
assets - liabilities = net worth
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the length of time to keep each type of financial document
three to seven years
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examples of assets and liabilities
**assets**- cash, real estate, personal possessions
**liabilities**- medical bills, college tuition, mortgage loans
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money management strategies
make a personal budget, track your spending, save for retirement, plan to pay off debt
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how values affect spending
influence all decisions he or she make including financial decisions
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dispute resolution programs
provides conflict resolution services to neighbors and others having on-going conflict that is not currently in the courts (mediation)
Studied by 32 people
