Keeping Money On Your Mind

ENTERING THE AMERICAN ECONOMY

Keeping Money on Your Mind

2

Preparation

Education

Practice makes

“money”

Pre – Interview

Interviews

Research each

company

3

Learning = Earning

No High School High School Graduate

Associates Degree

Bachelor's Master's or Higher

$0.00

$10,000.00

$20,000.00

$30,000.00

$40,000.00

$50,000.00

$60,000.00

$70,000.00

$21,268.00

$29,324.00

$36,972.00

$51,792.00

$66,196.00

Average Income

US Department of Labor - 2007

4

“Knowledge” is Key

Forester Research Inc. - 2004

2003 2004 2005 2006 2007 2008 2010 20150

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

300,000500,000

800,0001,000,000 1,100,000 1,200,000

1,700,000

3,500,000

US Jobs Moving Offshore

5

Social Media

Everyone is using

it, even

EMPLOYERS!!!

6

Connected

Although technology

allows us to become

more connected,

there is a time and

place for everything

7

Strategy

Showcase two or more strengths Achievements

Character traits

Experiences

8

Selling Yourself

Understated

jewelry and

makeup

Impeccable

personal hygiene

Light cologne or

perfume

9

Selling Yourself

Wear a business suit?

The budget “executive”

Comfortable shoes

Shoes shined

Conservative haircut /

style

10

What to Take to the Interview

Extra copies of your résumé

Pad and pen

Portfolio

Information regarding references

Detailed work / education history

11

Note-Taking

The name of the interviewer(s)

What the interviewer liked about you

Negative points or weaknesses

Answers to your questions

When you’ll hear from the company

12

Parts of the Interview

Opening

Two to five minutes

Breaking the ice

Body

10 to 25 minutes

“Selling the Seller”

Close

Two to five

minutes

What’s next?

13

The Screening Process: Getting to Know You

Tell me about yourself.

Why should I hire you?

Why do you want to work for us?

What have you read recently?

Where do you see yourself in five

years?

What is your greatest strength?

What is your greatest weakness?

What questions do you have?

On with the Show

14

Stress Interviews

Physical

Psychological

Time

Challenge

15

Behavioral Interviews

Enthusiasm

Decision Making

Knowledge

Leadership

Personal Attributes

Team Building

16

Situational Interviews

In the “Hot” seat

Analytical Skills

Problem-solving

skills

Working on the fly

17

“Hey, remember me?”

Counter negative impressions

Use company “jargon”

Be enthusiastic

The next move

18

MANAGING YOUR CREDIT

I Got the Job, Now What?

19

Why is Credit Important?

Lending is a “risk-based” business.

Good credit = low risk

Low risk = low interest rate

Tracking Your Risk TransUnion Experian Equifax

20

The New Focus on Credit

Poor credit may prohibit you from: Getting the job you’d like,

Finding an apartment,

Receiving low insurance premiums, and

Gaining admission to certain universities.

21

FICO Scores

Excellent

850

Good 720

Fair 550

Poor 300

22

What Makes Up a FICO Score?

Payment History

35%

Amounts Owed30%

Length of History

15%

Recent History10%

Types of Debt10%

23

Manage Credit…

Don’t let credit manage you.

Create a Spending Plan and stick to it.

Home35%

Travel15%

Debt15%

Savings10%

Other25%

Budget

24

Questions?