Monthly Archives: August 2018

How to Pick the Right Career

An individual’s chosen career is a life-impacting and monumental decision. The occupation which one chooses will directly affect their income, opportunities, and quality of life. While some individuals naturally come across their careers, other people take more time before discovering their desired occupations. Both scenarios are OK; each person grows and develops at their own pace.

However, people who fall into the latter category will likely benefit from some advice regarding how to pick the right career. There are several critical factors to keep in mind. With the proper knowledge and guidance, the process of choosing the best career can be very insightful and inspirational.

Think about Yourself

Whether or not someone has a successful career largely depends upon themselves. This is why The Balance advises people to think about themselves, their hobbies, passions, interests, and strengths prior to deciding upon a certain career path. More often than not, the activities which someone enjoys recreationally are somewhat indicative of which occupations would be best for them. Self-assessment tests and career aptitude tests can also help people get an idea of which careers would prove to be most beneficial.

Consider Promotion and Prevention

Brazen explains that there are generally two types of professionals: promotion-based ones and prevention-based ones. As the name suggests, promotional-based professionals tend to focus on opportunities and have the “entrepreneurial spirit.” Conversely, prevention-based professionals tend to thrive in more traditional positions of employment. The majority of people either lean towards promotion-based or prevention-based professionalism; making this distinction can truly help people weed out which careers choices are not for them.

Make Sure Your Credentials are Up to Par

Different careers and occupations require different degrees and credentials. For this reason, people should be sure to research the educational requirements which are associated with their aspirational careers. If they have these credentials and are sure they’ve found their desired career, the person at hand can proceed. However, if the individual does not currently have the necessary degrees to pursue their desired career, going back to school or taking classes to earn the aforementioned credentials are options which should be considered.

Pinpoint Your Desired Lifestyle

Most individuals have a conscious idea of the lifestyle they wish to enjoy. Whether or not this wish comes to fruition greatly depends upon income and career choices. If the individual at hand has concerns that their career will not permit the lifestyle of their desires, then they have some decisions to make. Considering an additional source of income, higher ranks within their occupation, or even more prestigious credentials are options to consider if one’s current career does not provide the desired salary.

A Final Word

Deciding upon a career path is not easy, by any means. There are many opinions out there and different occupations are better for various lifestyles. Someone who likes to travel and go on adventures is likelier to thrive in a career which allows for remote work. Conversely, a person who opts for a more traditional lifestyle may find themselves better suited for a 9 to 5 or similar forms of employment.

At the end of the day, there is a suitable career path for everyone. Happy hunting!

 

Authored by Gabrielle Seunagal

 

How to Build A Personal Brand

As one advances in the world of business and entrepreneurship, there will come a point and time where he or she wishes to begin establishing their own personal brand. By definition, a personal brand is defined as “the practice of people marketing themselves and their careers as brands.”

In essence, an individual with their own personal brand is making a name for her or herself and setting themselves apart from others. Moreover, presentation, consistency, connections, and building trust also play integral roles in personal branding.

On the surface, this can appear quite nuanced, but a thorough breakdown of the various ways in which one can build a personal brand will make all the difference in the world for entrepreneurs at all levels.

Be Unique

As cliche as it may sound, one of the best steps towards building a personal brand involves taking advantage of the qualities which makes one unique and then marketing them accordingly. Entrepreneur does an excellent job of explaining this concept. Playing to your strengths, standing out in front of the crowd, and even vocalizing unorthodox viewpoints are critical parts of building your brand. In essence, your brand is you and people will associate what you choose to market with your image as a business person.

Determine Your Offered Service/Product

At the end of the day, the ultimate objective of building a personal brand centers around the promotion of one’s own business. For this reason, a concrete understanding of the offered service or product is paramount for both the entrepreneur and his/her customers. A personal brand is a living marketing strategy which draws customers in, thus persuading them to spend money on what the business has to offer. Furthermore, it is worth noting that personal brands should add value and stand out in the minds of potential and current consumers.

Build a Sizeable Following Base

Even after establishing a personal brand, connecting and sharing that brand with the rest of the world is so important. For this reason, building a sizeable following base can prove to be particularly beneficial, as explained by The Muse. In most cases, the best followings occur online and can be garnered via social media platforms, such as Instagram, Twitter, and Facebook.

Another upside of a sizeable following base comes in the form of word of mouth. Individuals who take a personal liking to an entrepreneur’s brand are likely to tell their friends and family about it. These people may, in turn, follow the entrepreneur on social media and/or purchase a product or service at one point or another or even ongoingly. In this day and age, an online presence is critical for those who wish to do well for themselves and reach great heights in the world of business.

A Final Word

Building a personal brand is a feat which requires time, energy, and in many cases, money. However, there are various levels and steps which often make forthcoming ones easier and less formidable. Many entrepreneurs spend years going through the process of building their personal brands and that’s ok. When it’s all said and done, as your personal brand grows, strengthens, and improves, so will your business.

 

Authored by Gabrielle Seunagal

How to Financially Prepare for a Job Resignation

One of the starkest realities regarding the professional world is that people often quit, or resign from, their jobs. This can happen for many reasons; sometimes people have to relocate, move across country, or a new opportunity presents itself. In other scenarios, the employee may be displeased with new management, the workplace environment, protocols, customers, etc. Regardless of the associated reasons, job resignations are simply inevitable parts of life.

However, there are right and wrong ways to go about resigning from a current position of employment. Job resignations furthermore require considerable financial preparations. These are very critical factors which working people should be aware of before telling their employers “I quit.”

Cover Your Bases

Despite the reasons tied to a job resignation, having one’s own bases covered is absolutely paramount, as affirmed by The Penny Hoarder. The individual who is going to resign should ideally have another job lined up, run a side business, or otherwise maintain income to replace their soon-to-be-gone revenue stream.

In addition to ongoing streams of income, people who are preparing to quit their jobs should also have a considerable amount of funds in their savings accounts. Financial experts generally recommend having at least three to six months of living expenses saved up, although some specialists are now advising individuals to put aside six months to one year’s worth of living costs.

Settle All Debts

One of the most common sources of financial hardship is unpaid debt. These debts can become especially problematic when someone leaves their job, thus cutting off a stream of income. For this reason, Mint advises that people completely pay off any and all debts which they may have incurred before going forth and exiting from their current jobs.

Try to Exit on Good Terms

Not everyone exits their jobs on amicable terms. In many cases, conflict with management, undesirable professional circumstances, and other related factors are determining motivators behind a person’s decision to quit their job. Even under the aforementioned circumstances, The Balance still advises individuals against badmouthing their soon-to-be former employers or otherwise burning professional bridges.

In many cases, new employers consult the former bosses of potential hires. For this reason, blasting a manager can easily backfire and even halt potential, forthcoming employment.

Try to Cut Back on Expenses

Even with a sizeable amount of saved funds and additional revenue streams, cutting back on incurred expenses is advisable, if at all possible. Ideally, people should not be dipping into their savings unless it’s absolutely necessary. However, not everyone has the means or flexibility to reduce their ongoing expenses. The cost of living is not cheap, by any means.

A Final Word

At the end of the day, each individual has to determine whether or not they are in a comfortable and financially safe position to quit their job. If a work environment is truly toxic or unhealthy, an employee should definitely escape and seek out financial prospects of a higher quality; the negative offshoots of a destructive work environment are well documented. However, most individuals will ultimately benefit from saving money, settling debts, leaving their jobs on good terms, and reducing current expenses, if at all possible.

 

Authored by Gabrielle Seunagal

How to Purchase a Car

Purchasing a car, especially for the first time, marks a monumental and significant milestone in any person’s life. In many regards, a new car represents freedom and the ability to go wherever one pleases without having to rely on public transportation, rides from friends/family, or rideshare services such as Lyft or Uber. Nevertheless, the freedom associated with car ownership simultaneously comes with responsibility.

Before one can get to the perks and duties of owning a car, they must first make the purchase. In and of itself, this task requires considerable preparation and financial security. Going forth, readers will learn about everything which comes along with purchasing a car.

Work Out the Logistics

Before the soon-to-be car owner goes to the dealership, they need to have the required logistics completely worked out and squared away. In this case, logistics means money. A concrete budget, preference in car make/model, and costs of ownership should all be settled and taken into account, explains Nerd Wallet. The individual getting ready to purchase the car should also remember that ownership costs include gas, maintenance, insurance, and upkeep.

Purchasing a car can be a considerably costly endeavor; hence, some people opt to consult a financial advisor prior to making such a major purchase. However, if one can budget and work out the logistics on their own and without the services of a professional, they’re more than welcome to do so.

Do Your Homework

Aside from budgeting and financial planning, another important step of purchasing a car involves research and ensuring that everything checks out. Therefore, soon-to-be car owners should not only check out the cars they’re thinking of purchasing but also the company or dealership which they are buying from. Virtually everyone is familiar with the stereotypes of snake oil car salespersons, but these type of people are quite real and crafty.

Going online and checking out dealership/company reviews is always helpful; both positive and negative reviews should be considered and taken under advisement. Even after the individual has chosen a dealership and found the car of their choosing, they should always take the vehicle for a test drive.

As Bryant Motors explains, a test drive will truly allow purchasers to get an idea of the car’s quality. Moreover, any dealership who refuses to allow their customers a test drive should be avoided at all costs; prohibited tests are always a huge red flag.

A Final Word

Many soon-to-be car owners bring friends or family with them to dealerships as they prepare to purchase their own vehicles. Not only can this decision be great for moral support, but friends and family can also pick up on red flags which the individual at hand may miss due to their lack of experience.

Happy car hunting!

 

Authored by Gabrielle Seunagal

How to Purchase a Home

Purchasing a home can be an exciting and monumental event in any person’s life, especially for the first time. The anticipation of owning a house and enjoying all of the associated upsides and benefits is understandably exhilarating.

However, in the midst of all the excitement should be a degree of awareness and extensive preparation. Purchasing a home is one of the most costly and time-consuming events in the lives of most individuals. Therefore, mindfulness of the forthcoming advice (and governing oneself accordingly) is extremely important and will reap long-term benefits.

Be Sure to Have Your Ducks in a Row

One of the most common mistakes of aspiring homeowners is their failure to fully prepare before going forward without dotting their Is and crossing their Ts. Bankrate explains that before any individual purchases a home, they should increase their credit score, determine an affordable budget, save a considerable amount of funds must aside, and then be sure to get preapproved for a mortgage.

It’s also important for aspiring homeowners to understand that following the foregoing steps to prepare for homeownership can potentially take years; the duration of time especially depends upon the state of the individual’s financial health. Nevertheless, it is better to wait a few years and then purchase a home (at the right time) than to immediately buy a house without the proper safeguards and become subject to financial hardship. So many people who find themselves in debt due to poor economic choices never get out that hole. Having your ducks in a row will eventually pay off.

Expect the Unexpected

Even after having the right credit score, budget, funds, and mortgage all lined up, expecting the unexpected is still absolutely paramount, affirms CNBC. Purchasing a home often comes with additional, associated fees, such as county tax, state tax, and property tax. Then, there’s maintenance fees, repair costs, and expenses which are linked to furnishing the home. Suffice it to say, all of these matters should be anticipated and prepared for. Similarly to most situations, it’s always better to have the extra money put aside and not need it, than to need extra money and not have it.

Consider the Physical Environment

Another important aspect of purchasing a home is the environment, as noted by Nerd Wallet. No matter how great a house is, the environment always makes a difference. Crime rates and proximity to banks, grocery stores, and other places of business are also very important. Moreover, aspiring homeowners should assess the quality of the neighborhood and other surrounding homes. If all looks great and the funds are there, go for it.

If the physical environment is not up to par, you might be better off continuing your search in other locations. There are always better, more desirable options.

 

Authored by Gabrielle Seunagal