Your job and your money rev1

Your Job and Your Money

Presented by Best-Selling Authors:

Timothy Augustine & Adam Carroll

State of the college studentState of the college student

(Picture of Old school)

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Don’t Borrow From TomorrowDon’t Borrow From Tomorrow

What percent of all students have 1-2 credit

cards by their sophomore year?

93%

What does the average college student carry for a credit card balance?

$2,700


What is the average student loan debt for

undergraduates?

$24,568


M aking a living

O ngoing savings

N eeds vs. wants spending

E mploying your money

Your money choices and their consequences

Average income the first year out of college?Average income the first year out of college?

Accounting: $44,928Chemical Engineering: $56,269Management Information Systems (MIS): $45,391Marketing: $37,191Financial Services: $43,950Educational Services: $30,291Oil & Coal Products: $53,611Aerospace: $54,410Retail/Wholesale Trade: $34,932Transportation Equipment Mfg.: $51,610

The Job MarketThe Job Market

ChallengesUnemployment rate 16 year high Competition is fierceLooking for multiple skills and flexibilityChange in expectations and skills desired

OpportunityTechnology generationAbility to multi-taskGlobal perspectiveBroad perspective of business / flexible

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Starting your job searchStarting your job search

1) Why you?What value will you bring?

2) Where can you find opportunities?

3) How can you develop a targeted resume?

4) Preparing for the interviews • Landing a positive first impression

Types of interviews and topics covered

5) Success after you land the job.

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Why should I hire you?Why should I hire you?

What are your unique strengths?

What type of company would you like to work for?Define your company criteria

What type of position are you interested in?

Where do you want to be in 5 years?

What aspects of a job are most important to you?

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What traits are companies looking for?What traits are companies looking for?

Enthusiasm / MotivationFlexibility and Ability to AdaptSelf-ConfidenceFollow-ThroughCustomer OrientedOrganizedCommunication SkillsTime Management SkillsTeamwork ExperiencePotential

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Urgent IndustriesUrgent Industries

Life SciencesPharmaceuticalsMedical devicesInstrumentationBiotechnology research and ancillary services

HealthcareRenewable Energy (Wind, Solar, Biofuel)TechnologyFinancial Management

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Where do you want to work?Where do you want to work?

Identify your target Industry.

Select your target companies.

Determine the type of information you need. What does the company do? Private / Public? Who are its competitors? What are their products / services? Who are the company’s customers?

Leverage your network (Who do you know?)

Do your homework!

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How to Find OpportunitiesHow to Find Opportunities

Leverage your network

Use technologyCompany sites, job boards, associations Social networking sites

Professional and social organizationsAbility to work with others, leverage relationships and learn

University Career Centers and Alumni Center

Be Creative

Networking WorksNetworking Works

75% of executives surveyed keep in touch with their network on a regular basis.

82% of executives surveyed found their job through networking.

91% of executives attributed their network as their primary reason for success.

Be Interested, Not Interesting

11/09/10 © How Hard Are You Knocking, Tim Augustine 17

Develop a Targeted ResumeDevelop a Targeted Resume

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Resume Selling PointsResume Selling Points

Noticed and ReadFedEx, Priority Mail, Creativity

Referred from a Network / Colleague

Error Free!

Industry Knowledge

1 or 2 Pages, Colored Paper, Easy to Read

Results OrientedTask Activities Results

• Quantifiable Results“Grew pledge class by 25%”“Grew revenue by 38%”

Dressing the PartDressing the Part

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Land the First ImpressionLand the First Impression

General guidelinesClothes that fit- Buy and wear prior to interview

Perfume and cologneJewelry

Attention to detailBe preparedHygiene

Carrots

• PerceptionFirst impression

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The “Spotlight”The “Spotlight”

Bring a Professional Portfolio

Types of interview

Phone InterviewYou Initiate the Call.

Face-to-Face InterviewApplication, Resume, Questions

Group Interview• Take your time.

Meal Interview Eat Before the Interview!

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Your “cheat sheet”Your “cheat sheet”

Industry KnowledgeCompany KnowledgePosition UnderstandingYour Skills

Communication skillsTeamwork and collaborationFlexibilityAbility to learnAbility to get things done

How can he/she add value?

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Land the Job!Land the Job!

Understand entire packageHealth Care Premiums, Training / Tuition Reimbursement, 401 K, Vacation Time, Team Structure, Performance Reviews

Salary Negotiations10%, Over the Phone, “Based on My Research”

Monster.comSalary.comSalaryexpert.comSalarywizard.comBenefitslink.com

• Jobstar salary surveyUniversity Career Center Data

Follow-up - Acceptance Letter and LogisticsStart date, Start time, Work attire, Expectations

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Keys to Career Success!Keys to Career Success!

Personal SatisfactionDo you enjoy your job, people and environment?

Professional DevelopmentAre you learning and growing?

Financial RewardsAre you paid a fair market salary?

Money in Your TwentiesMoney in Your Twenties

• Day 5 = .16

• Day 10 = 5.12

• Day 15 = 163.84

• Day 20 = 5242.88

• Day 25 = 167,772.16

• Day 28 = 1,342,177.28

Time is on your side

What is the average household credit card

debt?

$9,317


How many credit cards does the average household carry?

14.7


Making a Living –Which one are you?Making a Living –Which one are you?

The SpenderTaxes $600Apartment $600Car $400Insurance $100Credit Card $200Student Loan $300Food $200Miscellaneous $600

The Even-StevenTaxes $600Apartment $400Car $300Insurance $100Credit Card $100Student Loan $200Food $200Miscellaneous $600

The SaverTaxes $600Apartment $0Car $0Insurance $100Credit Card $100Student Loan $200Food $200Miscellaneous $600

Student Loan PaymentsStudent Loan Payments

$5,000$5,000 $60.00$60.00

$10,000$10,000 $115.00$115.00

$15,000$15,000 $175.00$175.00

$20,000$20,000 $230.00$230.00

$25,000$25,000 $290.00$290.00

$30,000$30,000 $345.00$345.00

$35,000$35,000 $400.00$400.00

$40,000$40,000 $460.00$460.00

$50,000$50,000 $575.00$575.00

$60,000$60,000 $690.00$690.00

Student Loan Balance Monthly payments

Credit Card PaymentsCredit Card Payments

$1,000$1,000 $40$40$2,000$2,000 $80$80$3,000$3,000 $120$120$4,000$4,000 $160$160$5,000$5,000 $200$200$6,000$6,000 $240$240$7,000$7,000 $280$280$8,000$8,000 $320$320$9,000$9,000 $360$360

$10,000$10,000 $400$400$11,000$11,000 $440$440$12,000$12,000 $480$480

Balance Monthly payment

Your financial life… Your financial life… on $36,000 a yearon $36,000 a year

Every month aft tax inc $2,100

Student Loan Payment $230

Credit Card Payment $200

Rent $500

Utilities $75

Car payment $300

Insurance $100

Cell Phone $100

Food $400

Entertainment $150

Gas $100

Miscellaneous $500

Total $-555

PAY YOURSELF FIRST!!(Take 10% of what you make and save/save it)

Checking SavingsMoney Market

On-going SavingsOn-going Savings

Start An Automatic Investment Plan

Checking

Savings

Money Market

On-going SavingsOn-going Savings

“Compound Interest is the 8th Wonder of the World!”

1. Tuition & Fees2. Books3. Food (Meal Plan)4. Housing5. Transportation6. Clothing7. __________8. __________

1. Tanning2. Video Games3. Big Screen TV4. ____________5. ____________6. ____________7. ____________8. ____________

Needs versus WantsNeeds versus Wants

Successful people do the things that unsuccessful people are not willing to do.

$$$$$$$$$$$$$$$$$$$$$

$$$$$$$$$$$$$$$$$$$$$

$$$$$$$$$$$$

$$$$$$$$$

$$$$$$$

Wealthy

Broke

Employing your MoneyEmploying your Money

$8 Billion

Unclaimed Scholarship Dollars

Your Money choices and your ConsequencesYour Money choices and your Consequences

Which is a better “investment”?

Your Money choices and your ConsequencesYour Money choices and your Consequences

Strategies – Slow and SteadyStrategies – Slow and Steady

Payoff student loans over timePay more than minimum on credit cardsInvest as much as you can in 401k and ROTH IRABuy a new carBuy a home

Strategies – Moderately QuickStrategies – Moderately Quick

Pay off student loans within 5-7 yearsPay off credit cards within 3-4 yearsMax out 401k and ROTH IRABuy a used car or no carBuy a homeBuy a rental (or several) OR Start a business.

Strategies – FastStrategies – Fast

Pay off student loans within 2 yearsPay off credit cards within 1 yearMax out your 401k and ROTH IRADon’t buy a car until you can pay cashBuy a duplex, rent out one side and live virtually rent free for two years. Buy another. Repeat.Start a business.Learn to invest heavily and diversify.

Network with usNetwork with us

Tim AugustineAuthor and Professional SpeakerPhone: (248) 447-2005Email: [email protected]

Adam CarrollAuthor and Professional SpeakerPhone: (515) 991-7146Email: [email protected]

Your job and your money rev1

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