Whether you just landed your first job out of college or have already been working for years, it is important to create additional, diversified income sources. After all, you never know when you’ll get laid off or need extra money for your kid’s education. Maybe you want to retire one day, perhaps sooner than later. If your salary doesn’t pay enough, you’ll need to generate additional streams of income if you want additional security and luxury. Here are several tried and true ways to develop additional income streams.
With all the resources out there, the personal finance landscape can be extremely confusing and overwhelming. It can take a while for you to peruse a large number of articles, synthesize the information, and absorb the key lessons. Therefore, I have decided to list just the most basic and important key lessons that will get you started. Remember the pareto principle? I’m will apply that principle so you can learn what you need to know ASAP with the least amount of time necessary.
If you are just starting to learn about stocks or want to learn about businesses in general, it can be an overwhelming task to analyze a company. What do you look for? Where do you find this information? What are the most important factors? These are all questions that may be running through your mind. In order to aid you in this process, I’ve put together a few key areas that you should explore whenever you are looking for growth in a company.
Your resume is one of the main factors that determine whether or not you will receive an interview, and potentially a job. It is a reflection of yourself, your accomplishments, and your potential. Therefore, if you are looking for a job, you need to put together the best possible resume you can.
Hello everybody, it was an extremely stressful yet exciting week for me! I was fortunate enough to be invited to speak at the Nielsen office in Dallas about my blog, book, and website. Nielsen is a large information company that researches consumers and their behavior. Through a random networking event, I got in contact with someone who works in the HR department. She just happened to plan various personal development events for Nielsen employees. Admitted, I was nervous leading up to the event. Also, I had a few major things going on at work that has been bothering me. Thankfully, I was able to pull through both with the talk and with my work! Everyone was extremely delightful, engaged, and happy to be there. It didn't hurt that we offered In-And-Out Burgers for people either.
Whether I am at work or working on a personal project, the underlying question I ask myself is “How do I add value?” Although there are many different ways of expressing the spirit of that statement, it is the underlying principle that matters. It doesn’t matter what type of work you are doing or who you are working for, you should always ask yourself how you would add value to that project, client, initiative, mission, etc. By operating under that mindset, you will automatically improve the quality of your work in multiple ways.
In today’s world, with all the available technologies and social networks available, there are so many different ways to look for work. If you are just out of college, currently employed, or currently unemployed, you may want to explore all the different avenues to maximize your chances of finding employment.
When I was studying method acting in the Bay Area, I learned that I had a type. I could play a high school student (older people are commonly casted to play younger characters) up to a young father. I could play a medical resident or a young professional. These are all roles that I expected I could play. However, in class, I was constantly being given roles that did not fit into my type. Roles that would really push me and make me uncomfortable. For example, I had short scenes where I played Bob Barrenger from State and Main and an old man from a movie that I can’t remember right now. Despite the facts that I would probably not get casted for these roles on an actual project and that I don’t have much in common with these characters, stretching myself in uncomfortable ways helped me grow as an actor. The same could be said in the business world.
As you start your career, it is wise to start saving and investing your money. You may think that you’re too young to start saving and investing, but the power of compound interest can grow your savings substantially if given enough time. If you are young, time is your greatest asset. In a previous posting, I wrote about why I love exchange traded funds (ETFs). I personally use them to build my portfolio to avoid having to spend too much time researching stocks. They have allowed me to maintain a balanced portfolio that will grow over the long-term and ride out the recessions in the short-term.
Today's post is from a special guest who happens to be a professional magician.
When I’m on the streets performing magic, a lot goes on in very little time: I have to make myself stand out from the rest of the noise that’s in the city, I have to get them to watch, and I have to get them to pay me. Unlike magicians who walk around with a camera crew, I’m working alone, and I’m not just doing it for the reactions – though I love my art, I am (let’s be honest) also trying to make some money off of what I do.
Professional Development and Personal Finance Blog