Category Archives: Career Seeking

Things to Know Before Taking Out Student Loans

As the amount of student loan debt surges with each passing day, more and more people are beginning to question whether or not borrowing money from the government for the sake of attending college is truly worth it. The economy and job market are changing; more and more young people are opting to find employment within the gig economy as freelancers and independent contractors. Others, however, are still deciding to take out student loans for the sake of pursuing a higher education.

Student Loans are Not Free Money

There are a shocking amount of young people who truly lack an understanding of the nature of student loans. Individuals who borrow money from the government will, in fact, have to pay it back. Usually, recipients of student loans will have to make monthly payments; although the specific dollar amount depends upon a variety of factors, with one of the main ones being how much money was borrowed in the first place. Countless young adults make the mistake of borrowing much more than they actually need.

People who are considering taking out loans should also be aware that they may not be able to pay them back very quickly. Months, years, or even decades can pass by before borrowers are truly debt-free. This can be quite daunting to the young, ambitious 22-year-old who wants to enter the workforce and make a name for themselves. Likewise, such high amounts of debt can ruin opportunities which would otherwise be available to individuals who do not owe thousands of dollars to the government.

There are Other Ways to Pay for College

Believe it or not, taking out student loans is not the only way for young people to fund their college careers. Academic scholarships, military service, university employment, and even working for certain companies are potential avenues for covering the costs of university. Granted, the aforementioned alternatives generally come with certain stipulations, although many people would argue that the stipulations are better than the crippling debt which often accompanies student loans.

Furthermore, students who maintain good grades throughout their time in high school are likelier to have more opportunities for academic scholarships. Parents should encourage their children to do well during their high school careers so that they have options for college which extend beyond taking out student loans.

College is Not for Everyone

While many people attend college and go on to live comfortable, middle-class lives, college is definitely not for everyone. One of the gravest mistakes in today’s education system is failing to educate students about all the options which are available to them after high school. So often, young people are automatically indoctrinated into believing that attending university is their only choice.

Another common malpractice is telling students that they will be statistically poorer than individuals who choose to go to college. Considering the variety of options which exist post-high school (such as freelancing, trade school, independent contract work, entrepreneurship, etc), educators who fail to inform students of the other paths they can take besides college are doing students a disservice.

A Final Word

At the end of the day, each individual has to decide whether or not borrowing student loans is the best choice for them. Sometimes it works out well, but other times it doesn’t. Regardless of the decision which someone ultimately makes, there is never any harm in having complete information and an awareness of the alternatives and potential consequences.

 

Authored by Gabrielle Renee Seunagal

How to Become a Venture Capitalist

When the average individual hears the words “venture capitalist,” they usually imagine a wealthy person who rakes in millions of dollars from lucrative investments. While the attainment of wealth is certainly an aspect of a venture capitalist’s achievements, there are many other factors involved in the process.

Many people who aspire to become venture capitalists do so with the intention of garnering high funds in a relatively short time period. However, this is not how the game is played. Venture capitalism is, by no means, a get-rich-quick scheme. Like any other financial endeavor, this occupation requires time, skill, knowledge, and sound judgment.

Hence, those who are still interested in becoming venture capitalists will surely benefit from following the forthcoming steps.

Sharpen Your Business Skills

Many people are under the illusion that the sole job of venture capitalists is making wise and lucrative investments. However, Sales Force explains that requirements for successful venture capitalists extend way beyond making investments and letting the funds roll in.

Any individual who is serious about this line of work must also be proficient in areas such as networking, investigating, analyzing business markets, and working with entrepreneurs. In this business, having the right contacts and professional skills makes all the difference in the world.

Gain Professional Experience

The majority of prosperous venture capitalists usually work their way up to this profession. Thankfully, there are a variety of career paths and occupations which aspiring venture capitalists can partake in. Starting a (small) business, working as an assistant/banker, or even becoming an angel investor (assuming that the necessary funds are available), etc can be especially beneficial career paths for people who are serious about becoming venture capitalists.

However, acquiring the knowledge and skill sets for this line of work does not occur overnight; as a matter of fact, years, or even decades, could pass before an individual is truly ready to enter the world of venture capitalism. There is nothing wrong with this, seeing as each person is on their own unique journey.

Finally, all venture capitalists should maintain upstanding reputations, real-life experience, and passion for the products which they choose to invest in.

Seek Mentors

While business skills and professional experience are formidable assets in the world of venture capitalism, the opportunity to connect with a mentor in this particular line of work is unbeatable, as stated by Chron. Not only have mentors been where aspiring venture capitalists are going, but they also have savvy investing skills and information which will prove to be invaluable.

 

Authored by Gabrielle Renee Seunagal

How to Earn Income in High School

The benefits of high school students earning income are well documented. Not only does this allow young people to assume responsibility and grow as individuals, but making money also prepares high schoolers for the real world. As adults, young people will have to work and be able to earn enough money to support themselves and provide a suitable, comfortable life.

High schoolers should want to get a head start and moreover, this is something which parents and guardians should encourage. However, there are still certain rules and laws regarding work for underage minors. Learning how to abide by the aforementioned guidelines while simultaneously earning income is guaranteed to set young people up for incredible success.

Look into Working Odd Jobs

Some of the best money making opportunities for young people come in the form of odd jobs, explains Well Kept Wallet. This is attributed to the fact that high schoolers are completely inexperienced with working and must also maintain their academics in school.

Some of the best odd jobs include babysitting, pet sitting, restaurant work, dog walking, washing cars, working in retail, etc. While these jobs don’t necessarily pay the highest fees, they are very educational experiences and breed a strong work ethic. This will prove to be beneficial, especially after high schoolers mature and enter the real world.

Get an Internship

Contrary to popular belief, internships are not mutually exclusive to college students. There are a slew of high school internships which are available for young people. Many of these internships also offer compensation; this can be a great opportunity for students who are eager to learn, grow, and network. There are countless stories of young people getting internships and developing lifelong relationships with impactful mentors.

This is certainly something which success-minded high schoolers should look into.

Look into Entrepreneurship

While many high school students are encouraged to attend college and eventually work a traditional 9 to 5 job, this lifestyle is not for everyone. There are some young people who have the entrepreneurial spirit and they should explore that spirit. Entrepreneur advises students who are interested in starting their own businesses to seek out mentors, involve themselves in extracurricular activities, and familarize themselves with leadership and marketing.

A Final Word

The world we live in is changing and evolving with each passing day. There are many opportunities out there and it’s never too late to get started. Young people who begin earning income while they are still in high school will definitely have an advantage over their peers who fail to make the most of these opportunities.

Parents also play an integral role in the economic success and advancement of their children. While young people can and should do everything in their power to take advantage of opportunities, support and encouragement from parents or guardians will make all the difference in the world.

 

Authored by Gabrielle Seunagal

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